Web3 Basics
Your wallet, explained
Digital goods on The Fridge — NFTs, collectibles, items you trade — can carry real-world value. Your wallet is where that value lives. Here's what you need to know.
First — what even is a wallet?
A crypto wallet is two things at once: an address (like a username other people can send digital items to) and a private key(a secret that proves those items are yours and lets you move them). It doesn't literally hold your NFTs — those live on the blockchain — it's the keychain that controls them. No bank, no account number: the key is the ownership.
Good news — you already have one
When you signed up for The Fridge, we created a wallet for you automatically (it's powered by a service called Privy). You didn't install anything or write anything down — you're already set up to collect, earn magnets, and look around. That starter wallet is the one quietly working behind the scenes right now.
Two flavors: custodial vs. self-custody
Custodial— a trusted service safeguards the key for you and gets you back in with your email or a passkey if you're ever locked out. Easy and beginner-friendly. Your Fridge wallet works this way.
Self-custody — you hold the key yourself (think MetaMask). Total control, no middleman — but the backup is entirely on you. That backup is the seed phraseeveryone warns you about. Here's what it actually is. 👇
What's a seed phrase?
A seed phrase is a set of 12 or 24 random words (e.g. “carpet orange thunder...”) that is the master key to your wallet. Anyone who has these words has full access to everything in your wallet — forever, no password needed. Never share it, never screenshot it, never type it into any website. Write it on paper and store it somewhere safe — like a fireproof safe or safety deposit box.
So… does MY Fridge wallet have a seed phrase?
No — and that's on purpose.Because your Fridge wallet is custodial, there's no seed phrase for you to write down or lose. If you ever can't get in, you recover with the email or passkey you signed up with. Perfect for getting started. The trade-off: a custodial wallet leans on its provider, so as you start holding higher-value NFTs, many collectors add a self-custody wallet (below) and keep their valuables there. You can link one any time — it never replaces your Fridge wallet.
Your options
When you're ready to go further, here are the main kinds of wallet and what each is best at.
Your Privy Wallet
CustodialWhat you have right now
Pros
- +Free — created automatically when you signed up
- +No seed phrase to write down or lose
- +Works on any device you log in from
- +Great for getting started and exploring
Cons
- –Privy holds the keys on your behalf
- –You rely on Privy's security and uptime
- –Not ideal for storing high-value assets long term
MetaMask
Self-custodyThe most popular choice
Pros
- +You control your own keys — no middleman
- +Free browser extension + mobile app
- +Works with almost every Web3 app
- +Industry standard — widely trusted
Cons
- –You must back up your seed phrase safely
- –Losing your seed phrase = losing access forever
- –Hot wallet — connected to the internet
Hardware Wallet
Cold storageLedger or Trezor — maximum security
Pros
- +Private keys never touch the internet
- +Best protection against hacks and malware
- +Ideal for holding valuable NFTs or large amounts
- +Works alongside MetaMask (connect via USB/Bluetooth)
Cons
- –Costs $50–$150 to purchase the device
- –Takes a few minutes to set up
- –Physical device — can be lost or damaged
Mobile Wallet
Self-custodyRainbow, Coinbase Wallet, or Trust Wallet
Pros
- +You control your own keys
- +Beautiful, user-friendly interfaces
- +Great for on-the-go use
- +Rainbow is popular with NFT collectors specifically
Cons
- –Phone can be lost, stolen, or broken
- –You must still back up your seed phrase
- –Hot wallet — connected to the internet
Our recommendation for new users
Keep using your Privy wallet to explore The Fridge for now — it's fine for beta
Download MetaMask (free) when you're ready to take ownership of your keys
Back up your MetaMask seed phrase on paper before you store anything valuable
Consider a hardware wallet (Ledger/Trezor) if you accumulate high-value NFTs
How The Fridge connects your wallets
Many wallets, one account
You can link as many wallets as you want to your Fridge account. Each one has a job — and the jobs are independent, so you can mix and match. Here's what each job means.
Anchor
Your account key
The wallet that proves your account is yours. Created automatically when you sign up. You never have to touch it — it lives behind the scenes and lets you recover your account if you ever lose your other wallets.
Primary
Your public identity
The wallet whose address (or ENS name) shows publicly on your profile. This is the one buyers see when they look at your listings. You can swap this any time — change it like you change a profile photo.
Delivery
Where Fridge mints land
When The Fridge sends you something — a minted magnet, a partner airdrop, an event ticket — it goes here. By default it's the same as your primary, but you can split them so mints land in a different (e.g. cold-storage) wallet.
Common questions
Why does The Fridge give me a wallet on sign-up?
Can I delete the anchor wallet?
What's the difference between primary and delivery?
If I switch primary wallets, do I lose my @handle, followers, or notes?
Do NFTs in my secondary wallets show up on my profile?
What happens to my OTC listings if I switch primary wallets?
Can I make my own wallet the anchor instead of Privy's?
What does 'release' a wallet do?
What does 'archive' the anchor do?
What if I lose access to all my wallets?
Why is my embedded wallet's address ugly and ENS-less?
How do I rename a wallet?
Do my secondary wallets show up to other people?
When I sell an NFT, where does the ETH go?
Manage your wallets
Set primary, change delivery, archive your anchor, or link more.
Open Account Settings →This guide will grow as The Fridge does. More resources coming soon.