Different types of wallets are used for different purposes at various times and places.  In total, there are 5 different types of wallet where they have different features, advantages, and even disadvantages.

Web Wallets

Web wallets or Online wallets are typically crypto wallets that can be accessed via web browsers. This is one of the used wallet since you can use it anywhere, anytime as long as there is an internet connection. But web wallets are engaging to hackers since a website can be hacked or down anytime soon as hackers get access into it and more troubling is when your funds will be hacked as well.

So its only recommended to use them such a small amount of funds to send.

Example of web wallets are Btc.com, Bitgo, and Coin.space

Mobile Wallets

As the name suggested, it's an Android or IOS app installed in your smartphones that has the feature of sending and receiving crypto as well. Like web wallets it requires internet to send. What's more interesting with mobile wallets is you can use it together with any hardware wallets, or QR-code scanning to send funds. 

But since phones are prone to malware and keyloggers so nothing can save your crypto once it's infected.

Example of mobile wallets are Mycelium, Blockstream Green Wallet, and Copay.

Desktop Wallets

A desktop wallet is obviously more secure than a mobile and web wallet though it will still depend on the device you're using. Mostly this is used to an offline computer which never touched the internet so it will not be infected with any malicious malware and will serve as cold storage.

As long you have a backup to your wallet, even your computer dies your funds are still safe, make sure that your backup is safe as well.

Example of desktop wallets are Bitcoin Core, Electrum, Armory,  and mSIGNA.

Paper Wallets

This type of wallet is printed in a piece of a paper. This is the most secured wallet before hardware wallet exists though carried with a large risk since paper can be burn, wet and tear apart. 

Example: BitAddress.org can help you create a paper wallet all you need is a printer and storage where you store your paper wallet. 

Hardware Wallets

To be exact, hardware wallets are the most secured wallets out of this list. As the name mentioned, it's hardware device where private keys and public keys are stored. Hardware wallets use 2-factor authentication also known 2fa. This means that in order to access and send your funds you’ll need something like a pin or some QR-code code scanning.

Some of them require to connect to any computer through USB and embed a built-in OLED display to review and confirm each transaction with a single tap on its buttons, some use Bluetooth, some are touch-screens, some built-in batteries which require to charge, some looks like a smartphone that only requires QR-code scanning to send, some  like credit cards and etc.

Example of mobile wallets are Ledger Nano s, Trezor, and Keepkey.

To sum it up, having a different kind of crypto wallets depends on its user, as long you keep your wallet and your backup in a safe place and follows the security procedure of each wallet your funds will be safe.

Bitcoin network is suffering as more and more transactions are made causing delays, and due to a huge backlog in processing, it takes hours to confirm a transaction. To solve this, SegWit was implemented.

The implementation of Segwit proposed as a means of scaling bitcoin to meet increased demand and expected to decrease congestion in the Bitcoin network which means faster transactions and much lower fees.

Within 1 year and over 5 months after implementing Segregated Witness to the network there are a lot of Segwit compatible wallets in Windows, MacOS, and Linux platform had been developed. Due to the high demand of smartphone users; more people use this platform as the ease of use. Why send bitcoins using desktop wallets where you have to open a laptop or PC where you just have to send only a couple of dollars worth in bitcoins while you can just pick your smartphone on your pocket and open the wallet app then ready for sending within just seconds.

Read also:  5 Types of Cryptocurrency Wallets

Here's the list of Bitcoin mobile wallet that is SegWit enabled.

Best Bitcoin Segwit Wallet for Smartphones

Blockstream Green Wallet 

Blockstream Green Wallet, the former GreenAddress Wallet is a SegWit activated wallet integrates with both desktop and mobile devices, implementing a user-friendly interface with great UI. The first wallet who implement the segwit wallet address for mobile app (android and iOS). The Blockstream Green team implements a multiple two-factor protection and authentication against any malware targeted to its users. It has hardware wallet support such as Ledger nano s, Keepkey, and Trezor.  Multisignature addresses are supported between client and server, for a strengthen security. It is supported by many languages, with full control to customize transaction fees.

Download:

Mycelium

Mycelium wallet is one of the established Bitcoin mobile wallets where its users can send and receive Bitcoins. After how many months of demand from its users, its now Segwit fully supported with bech32 and mixed-spending improved privacy. An HD enabled wallet that can be managed with multiple accounts and has thorough privacy features. Dynamic fee enabled where you can choose from Low-priority, Economic, Normal and Priority for faster confirmation. Mycelium mobile wallet is also a SegWit compatible to well-known hardware wallets e.g. Ledger nano s, Trezor, and Keepkey.

Download:

Samourai Wallet 

Samourai wallet is a simple and highly secured mobile wallet.  Stealth mode hides the wallet on the user's device. The only mobile wallet that has Replace By Fee (RBF) and Child Pays for Parent (CPFP) support where user can replace a fee from a stuck transaction, with dynamic fee enabled feature and custom fee supported. Has import and export functionality. And even has enable remote SMS commands to recover your funds in case of lost phone.

Download:

Electrum Wallet 

The Electrum wallet is a lightweight wallet, one of the secured, trusted wallet by the Bitcoin community since 2011. A used wallet for desktop that is fully supported in Segwit which can be used in mobiles specifically for Android users. Has a MultiSig support.  Private keys are fully encrypted and never leave its user's device.

Download:

Coinomi 

Coinomi is a multi-currency wallet that support lots of coins including Bitcoin for Android and iOS. Using its user-friendly interface with built-in exchange where you can directly buy and sell bitcoin or any other coins using the in-app exchange. No IP association, no identity linking and no transactions tracking. Supported in English, Russian, Chinese and other languages.

Notice: Due to security vulnerability of coinomi wallet this February, even though they announced that their mobile wallet isn't affected of this vulnerability and due to it's closed source so for all you know they might do a lot of shady things without you knowing it. I may suggest that use this wallet for your own risk .

Download:

This list are wallets where you can fully control your funds, where these wallets may or never relies on a centralized service or a third party. So its users are fully responsible for the security of their device to protect their funds from malicious attempts of any kind of malware.

As time goes, I'm hoping that more wallet and even more exchanges will support SegWit to avoid a congested network and lower fees in the future.

Please always make sure you have backups of your master seed and private keys! Don't ever share that to anyone.

Remember, Not your keys, not your Bitcoins.