What type of wallet can be downloaded to your computer and installed on the hard drive?

A noncustodial wallet can be downloaded to your computer and installed on the hard drive, allowing you to have complete control over your private keys and funds. This type of wallet operates independently of a third party, meaning you are solely responsible for managing your digital assets and keeping your keys secure. It typically includes software that allows users to interact with blockchain technology directly, enabling functionalities like sending and receiving cryptocurrency.

In contrast, a hardware wallet is a physical device that stores your keys offline to improve security, while custodial wallets are managed by a third party, meaning you do not have direct control over your keys. A paper wallet, on the other hand, is an offline method of storing keys on paper, making it impractical for everyday transactions or quick access on a computer. These distinctions highlight the unique attributes of a noncustodial wallet as a software solution integrated directly with a personal computer.