A cryptocurrency wallet much like a traditional wallet is used to hold your money. You can have several wallets and hold a variety of digital currencies at the same time in your wallet.  Each currency has its own wallet address that you use to send and receive your digital money. Wallets vary in complexity and functionality with some being more secure than others. All these factors may influence your choice in selecting the right wallet for you. It is usually best to start with a user-friendly and easy to you use wallet when starting out then once you are more familiar with the advantages and disadvantages of the various offerings, you can then chose a more appropriate one that meets your needs.