After all this, I am still yet to understand the concept of open/closed wallet, software/hardware wallet, online/offline wallet. I keep getting them mixed up whenever I try to have a grasp of them.
A good question and I think everyone should know this to choose a perfect wallet and many new users mic up with these.
In this forum Open source wallets are some wallets which is the most secured than close source wallets because in open source Wallets everyone can see the source codes and modify it. But for close source wallets source codes aren't visible to all and you have to trust the developers blindly. So obviously you will prefer open source Wallets that close source wallets.
Some open source Wallets are Electrum ,Mycelium, Blue Wallet etc. Electrum is my choice and it's the most popular too.
Another question is Online wallets and offline wallets which are similar to software wallets and Hardware wallets. When you are using your internet connection