Believe it or not but your guest virtual box has more ways to connect to network than your host machine ! In virtual box you can connect to network in 7 different ways.
So if you want to just use internet NAT will be more than enough for you. But if you want to communicate with the host machine as well use internal networking. BTW you can add more than one network adapter to your VM so mix and match and have fun ! Read down to get more info on adapters type.
1. Not attached :
In this mode, VirtualBox reports to the guest that a network card is present, but that there is no connection -- as if no Ethernet cable was plugged into the card. This way it is possible to "pull" the virtual Ethernet cable and disrupt the connection, which can be useful to inform a guest operating system that no network connection is available and enforce a reconfiguration.
2. NAT
If all you want is to browse the Web, download files and view e-mail inside the guest, then this default mode should be sufficient for you, and you can safely skip the rest of this section. Please note that there are certain limitations when using Windows file sharing
3. Bridged networking
This is for more advanced networking needs such as network simulations and running servers in a guest. When enabled, VirtualBox connects to one of your installed network cards and exchanges network packets directly, circumventing your host operating system's network stack.
4.Internal networking
This can be used to create a different kind of software-based network which is visible to selected virtual machines, but not to applications running on the host or to the outside world.
5.Host-only networking
This can be used to create a network containing the host and a set of virtual machines, without the need for the host's physical network interface. Instead, a virtual network interface (similar to a loopback interface) is created on the host, providing connectivity among virtual machines and the host.
6.Generic networking
Rarely used modes share the same generic network interface, by allowing the user to select a driver which can be included with VirtualBox or be distributed in an extension pack.
At the moment there are potentially two available sub-modes:
UDP Tunnel
VDE (Virtual Distributed Ethernet) networking
7. NAT Network :The NAT network is a new NAT flavour introduced in VirtualBox 4.3