Brilliant question I like to give answer on two ways because you have not mentioned that about what wallet you are talking about so I give my opinion on two both wallet.
Lets first go with cryptocurrency wallet which is not familiar in the world but we can store our Bitcoin and several cryptocurrency in. Single wallet without any problem or any risks but there is only one risk that the company of Cryptocurrency wallet is new for us and if we stored in that it can run away so it is our responsibility to keep wallet of Cryptocurrency or not .it is hardware like usb which is similar to the pendrive.But,pendrive only store the data and files but hardware wallet store our Bitcoin.
Like wise there is other wallet which we keep in our pocket and they are of leather wallet,plastic wallet,clothes wallet and many more varieties we see in a wallet.people mostly used wallet to keep money in the wallet and wherever they go they can used to pay money of the product.we can even put the I'd card ,debit card ,visa card and many more which are important documents can be put in a wallet and we can give anyone whenever it needed.
I hope I had given your answer in proper manner because in your question the question is incomplete so I give my answer in two types of wallet I know.
Thanks for Reading