Getting Started with Web3

Module 1 of 40% Complete
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What is a Web3 Wallet?

5 min

Wallets are your account in Web3

Unlike Web2 apps, there is no username/password combo stored on a company server. A wallet generates a pair of cryptographic keys. Your <strong>public address</strong> is how you receive tokens and sign in to decentralized apps. Your <strong>private key or seed phrase</strong> proves ownership, so anyone who has it can move your assets.

Think of the wallet as both your login and your bank account for decentralized apps.

Custodial vs non-custodial (quick guide)

We recommend starting non-custodial so you can collect on-chain achievements, earn rewards, and participate fully in the OpenxAI ecosystem.

  • Custodial wallets (exchanges, some mobile apps) manage keys for you. They feel familiar but you rely on the provider.
  • Non-custodial wallets (Reown, MetaMask, Base Wallet, Binance Web3 Wallet) give you full control. You keep the keys, so you control the funds.
  • You can start with custodial for speed and graduate to non-custodial when you’re ready to self-custody.

Security checklist before you create a wallet

Following these basics keeps you safe when you start experimenting with Base, Binance, or any other chain.

  • Write down your seed phrase on paper — never store it in screenshots or cloud notes.
  • Enable biometric unlock or a strong passcode on your device.
  • Bookmark official links so you don’t fall for phishing sites.
  • Plan where you will back up recovery info (e.g., hardware wallet, password manager).

Video Guides

Watch these official video guides to learn more about Web3 wallets:

Reown: What is a wallet?

Learn about Web3 wallets from Reown's official documentation.

MetaMask: Learn crypto wallets

Understanding crypto wallets with MetaMask's official guide.

Already have a wallet?

Great! You can still follow along to review security, then skip ahead to connect your wallet in Module 4 and explore advanced configuration tips.

What You'll Learn

  • Understanding Web3 wallets
  • Why you need a wallet
  • Types of wallets (custodial vs non-custodial)
  • Security basics and best practices

Course Modules