A mobile walleha is an so you can receive coins and securely store your private wallet there is. Exodus is free and easy Coinbase, Binance, and Kraken allow you to store your holdings right there in the exchange.
A hot wallet makes it relatively easy to carry out transactions using crypto, but it may be more vulnerable to hackers who could theoretically reach your crypto over the internet. The Mycelium wallet has an appealingly simple interface, but it supports fewer kinds of crypto than others profiled here: You can send and receive bitcoin, ether and ERC tokens such as tether USD, USD coin and binance USD -- but not the hundreds of esoteric coins that have been developed over the past few years. You can buy and sell bitcoin directly in the app, and Mycelium lets you buy bitcoin with regular fiat currency. While the wallet itself is free to use, Exodus charges a fee for transactions made via its exchange.