There are several types of wallet available, in which we can hold our Bitcoins safely. Each of these wallets has their own function and ways to operate.

The different kinds of the wallet are as follows:

• Software wallet: The software wallet is a Bitcoin application that sits on your computer's hard drive and allows you to completely control and secure your Bitcoins. Bitcoin Armory is an example of a software wallet and is supposed to be the most stable and secure wallet of all.
• Web wallet: The next type of wallet is a web wallet. Web wallets are more convenient than software wallets since they can be accessed to use your funds, Bitcoins, or assets from any device. So, you can access your web wallet on your Android or iOS device, your desktop and even on the internet. 
• Cold wallet: The next type of wallet is called a cold wallet. Cold wallets are simply any kind of Bitcoin wallet that is not connected to the internet. These can be in paper form, or you can have wallets on USB drives as well.
• Brain wallet: The next type of wallet is the brain wallet. The brain wallet has its address generated by a computer program by hashing the passphrase with words that the user enters.
• Hardware wallet: The next type of wallet is the hardware wallet. The hardware wallet can only be accessed through physical contact with the wallet by the designated person, who owns the wallet. It stores the user's private keys in a secure hardware drive that is accessible only to the user and usually uses a fingerprint scanner or biometrics to access it.