Again, it depends on the cryptocurrency wallet of your choice. Since there are multiple types, including a hot wallet, cold wallet, mobile applications, and hardware, the cost to open a wallet can vary.
Let’s say you’re going for a hardware cryptocurrency wallet rather than mobile applications. In that case, you can expect to pay around $100 or even $200-$300, depending on the quality of the hardware wallet. On the other hand, many software-based cryptocurrency wallets, such as mobile applications, are free.
In fact, several mobile applications of cryptocurrency wallets do not require you to pay upfront signup costs or even own a cryptocurrency.