What is bitcoin wallet?

What is bitcoin wallet?
Wallet :A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, then send them to others. There are two main types of wallets, software and web. A software wallet is one that you install on your own computer or mobile device. You are in complete control over the security of your coins, but such wallets can sometimes be tricky to install and maintain. A web wallet, or hosted wallet, is one that is hosted by a third party. You can sign up to our web EBAYNYC.com and create wallet real quick and  buy,sell deposit,withdraw .transfer and hold your coins free.