A wallet that's means online money bag. Every online wallet has an encrypted address.
There are two types of wallets.
1. Online wallet
2. Offline wallet
1. Online wallet: Such wallets are based on different apps. Such as blockchain app wallet, coinbase app wallet, trust wallet, uphold wallet etc. In such wallets your money is stored as binary digits. This wallet means you can't catch or touch the money, it can only be seen and transacted very securely.
2. Offline wallet: It can be your pocket or a special bag where you keep your money, dollars, pounds. It can be grasped, touched and seen.
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