How can someone send me money through BTC?

Could you please explain to me the process of how someone can send me money through Bitcoin, or BTC? I'm new to the world of cryptocurrency and would appreciate a step-by-step guide on how to receive funds through this method. Is there a specific wallet I need to set up? Are there any fees involved? And how long does it typically take for the transaction to be completed? Thank you for your help in clarifying this process for me.