Desktop and mobile wallets have grown in popularity. Desktop wallets offer more security than exchange wallets. Setting them up is very simple as well. All that you need to do is to download the client in your laptop/desktop and you are done! MultiBit provides an excellent desktop wallet to store Bitcoins.
This video will show you how to create your own Multibit wallet.
However, there is a problem with desktop wallets. They are not the most flexible of options. After all, you can’t access your desktop wallets from any other desktop apart from the one that you have downloaded it in.
This is why, for more users who want flexibility, mobile wallets are a pretty convenient option. Setting up is as simple as downloading an app into your phone. MyCelium is a pretty popular mobile wallet for both Android and iOS.
This video will show you how to set up a Mycelium wallet in your phone.
The problem with both these wallets are that since they are stored in a device which is connected to the internet, they are vulnerable to viruses and hacks.
