Bitcoin
Wallets

There are two main types of Bitcoin wallets most people use they are Software and hardware wallets. The best option for people new to Bitcoin is to play with small amounts in software wallets until you feel comfortable. Then if your ready to invest a larger amount consider using a good hardware wallet.

 

Hardware
wallets

- are just that, a physical piece of hardware built specifically to store your coins in an offline environment. What this means is Hardware Wallets are one of the safest ways to store your Bitcoin but can cost anywhere from $50 - $100 plus.

Ledger Wallets

Ledgerwallet.com is one of the best Hardware wallet manufacturers in my opinion. I personally like the Ledger Nano S, it has a small screen and supports other currencies like Ethereum as well.

Trezor Wallets

KeepKey Wallets

 

Software
wallets

- are free and the most convenient option. You can use them on pretty much any device (smart phones, computers, tablets). But the trade off is security, for instance you wouldn't want to hold much coin value on your phone as these devices are known to be insecure. You could hold a larger value on a software wallet installed on a computer that you know has limited internet access and is safe for example.

JAXX (Smart phone/PC)

Electrum (PC)