There are two main types of Bitcoin wallets used today, they are software and hardware wallets. The best option for people new to Bitcoin is to use a simple software wallet like the one available on the Shake Pay app. Then when your ready to invest for the long term buy a hardware wallet.
- 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 - $200 plus.