they may also allow you to hold multiple cryptocurrencies and tokens within your wallet

Popular Ethereum Mobile Wallets:
Coinbase – Does not allow Ethereum tokens
Jaxx – Does not allow all Ethereum tokens

Software
While mobile apps and web apps are becoming increasingly more popular than computer software, most people still use computer software daily.

Software wallets allow you to install and manage an Ethereum wallet from your computer or laptop. They are a little more difficult to install and set up; however, if you’ve ever installed computer software, you should have no problem installing them.

Software installed from the internet may pose higher security risks than a mobile app, so be careful to check where you are downloading the software from.

Software wallets can run on computer and laptop monitors, so they have a larger, easier to use design compared to mobile. They may also allow you to hold multiple cryptocurrencies and tokens within your wallet.

It’s important to put a password on your computer and your software wallet. It’s also essential to store your private keys and recovery phrases on a different device or cloud storage, so they are not on your computer.

A big risk of software wallets is not correctly storing passwords and recovery phrases on a different device. If your computer is stolen, broken, or gets a virus and your only recovery phrases are on the same computer as your wallet, then you will lose access to your wallet.