Bitcoin is a digital or virtual currency, you can see it as an online version of money. Bitcoin is a totally virtual. Bitcoin can't be deposited into your fiat bank account but into its own wallet or digital wallets. Just like how you send and receive your physical cash, you can do same with bitcoin, you can also deposit your bitcoin in your wallet and send out too to another wallet, Apart from storing your bitcoin online in different wallets like coinbase or Binance, you can also keep it safe in analog and in paper wallets. You can get it free from faucets online