Yes. There are many types of wallets that you can set up. The three most common types of wallets are:

  • A web wallet is a wallet that you can signup online to use as your personal Bitcoin bank. These wallets are easy to setup and are generally secure.

  • A software wallet is a software that you can download on your computer. Software wallets are usually more complicated to manage but can provide more security.

  • A hardware wallet is a physical device similar to a USB thumb drive. Hardware wallets are more expensive but can provide the most security for your Bitcoins.