John 
Hopefully lots of money… But how can you have money in a wallet if cryptocash does not exist in a physical form.
Well, there are several types of wallets, the most common in called a software wallet and this is something that you can create on Bitcoin and other cryptocash websites and coin brokers. It’s a way to exchange and move funds about.
So for instance if I want to send some funds to someone else or to pay for goods and services in cryptocash then all you will need is the other persons wallet address. This is usually a 32 character string with numbers and letter which uniquely identifies the wallet and who it belongs to.
Software Wallets
Software wallets are by far the most common types of wallets, but there are a few things to be aware of.
You cannot send cryptocash to any wallet address, the wallets are coded to take only the cryptocurrency they were created for, so an Etherium payment sent to a Bitcoin wallet will fail and you will lose your funds.
Software wallets are also susceptible to hacking and should that happen you will lose your funds. A number of the large coin brokers have taken out insurance against being hacked but it’s always better to avoid being hacked in the first place.
Hardware Wallets
Increasingly popular they plug into your computer via a USB port, they are quite expensive to buy but cheaper than getting your software wallets hacked and losing all you cryptocash. Hardware wallets are essentially an external drive specially for storing cryptocash
There are different types of wallet at of course different costs. The more expensive wallets allow you to store many different coin on them. They all work slightly differently but mostly they are accessed via passwords which the letter and number sequences can be rotated. Some also have the option of inputing answers to stored questions as an extra level of security.
Quite what happens in the event of a failure of the hardware wallet? Although its never happened to me and I am not really keen on finding out, I am told that it is relatively easy to recover the content of a hardware wallet.
There is another type of wallet, a paper wallet.
Paper Wallets
Technically you could make these out of plastics as paper wallet doesn’t sound particularly secure or long lasting. This makes use of a private a public key in the form of QR codes. you will need to generate an on line paper wallet (sound strange) and print that off. If you lose the paper wallet or it become unreadable then you will have lost all the bitcoin that has been loaded onto it.
So there are a number of choices for you to consider, my advice would be to dig a little deeper, use due diligence and choose the solution that you think will work best for you.
