There are a number of wallet apps on the market from a variety of vendors and with different features to choose from. We welcome you to try the Bitcoin.com Wallet, the fully non-custodial crypto wallet trusted by millions.
The Bitcoin.com Wallet is what's known as a 'software wallet'. Quality software wallets provide an excellent combination of security and ease-of-use. Depending on how you're using your cryptoassets though, you may want to consider another wallet type. Here's a rundown on the different types of crypto wallets and their respective pros & cons:
Tip: Make sure the software wallet you’re using is fully non-custodial like the Bitcoin.com Wallet, meaning only you can access your cryptoassets - not the wallet provider. This protects you from the risk of fraud or bankruptcy by the wallet provider.
Tip: Hardware wallets are well worth the initial cost - especially if you own a lot of cryptoassets. To make sure the device isn't compromised, only buy one from a company you can trust.
Tip: Centralized exchanges are not a secure place to store digital assets. Once you’ve bought your cryptoassets, you're advised to move them to your software or hardware wallet if you don't plan on trading them immediately.
Paper wallets are created by downloading a software package then running the software (for security, preferably in an offline environment) to generate a public/private key pair which you print out on a piece of paper. Having created a paper wallet, you can send any amount of crypto to the wallet address. To spend it, you use the private key written on the paper to sign the spend transaction.
Like hardware wallets, paper wallets allow you to store cryptoassets completely offline. This makes them a lower-cost alternative to hardware wallets.
Since the public/private key pair is written on the paper, handing over the paper to another person is similar to handing over a cash note. This makes paper wallets a novel way to exchange crypto face-to-face.
You can create your own Bitcoin Cash paper wallets at Bitcoin.com Paper Wallet.
You can learn how to create a Bitcoin paper wallet here.
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