What is an Ethereum Wallet?
If you already know what an Ethereum wallet is, feel free to skip this part. If not, let's take a closer look.
An Ethereum wallet is a unique identifier used to store and manage your crypto. It has a public address used to receive funds, and a private key used to access and spend your ETH. The public address can be freely shared, but the private key must be kept safe: whoever has access to it has full control over the wallet's contents. Protecting your private key helps prevent unauthorised access to your wallet; it does not protect against changes in Ethereum's value or other risks associated with holding cryptoassets.
There are plenty of wallets available, and each works a little differently depending on whether it's custodial or non-custodial, and hot or cold storage. We offer a free Ethereum wallet with the following features:
- Access to your wallet directly from your Paybis account, without extra software or hardware
- Support for holding Ethereum alongside other cryptocurrencies in one place
- On-chain deposits you can verify using a blockchain explorer
Scroll up to check our full feature list to learn more about the Paybis Ethereum wallet, or read on to see how to get your wallet.
Figures and examples referenced on this page are for illustrative purposes only and may not reflect current live data.
Identity Verification Required
KYC checks are usually completed within minutes. UK customers must complete additional mandatory steps, including a 24-hour cooling-off period, before making their first transaction. The process is not immediate, and access depends on successful completion of each required step.
How to Get an Ethereum Wallet in the UK
Our wallet is an online Ethereum wallet, so you don't need to install any software or use special hardware. All you need is a Paybis profile, since that's where you'll access it.
Here's how to get your free ETH wallet:
- Click the "Open wallet" button or "Wallets" tab on this page.
- On the next page, click "Add wallet" and select Ethereum.
- Your wallet is ready to use.
UK customers must complete additional mandatory steps, including a 24-hour cooling-off period, before making their first transaction. See "Identity Verification Required" above.
How to Use Your ETH Wallet
Like any ETH wallet, yours has a public address you can use to add crypto to it. You can use the Paybis Wallet for ETH without needing to transact on Paybis. To do this, send ETH to your Paybis wallet by clicking the "Deposit" button.
If you don't already own ETH, you can acquire it through Paybis. Select your Paybis wallet as the destination for your crypto, and it will arrive once your transaction and the standard blockchain confirmation process are complete. Any purchase remains subject to eligibility, verification, payment approval, service availability and transaction limits.
You can access your wallet from the Wallets tab on your profile.
FAQ
What is an Ethereum wallet address?
Your Ethereum wallet address is the public part of your wallet, used to receive ETH. You can share it freely with others. It's different from your private key, which you should never share.
How do I store Ethereum?
You can store Ethereum using a custodial wallet, where a provider like Paybis holds your private key, or a non-custodial wallet, where you hold it yourself. Each option has different trade-offs between convenience and responsibility. Read our article on the risks associated with custodial wallets before choosing.
Can I access my Paybis Ethereum wallet from another platform?
Your Paybis Ethereum wallet is accessed through your Paybis account. You can send ETH to or from external wallets using the public address, but you'll need to log in to Paybis to manage the wallet itself.
Is my Ethereum wallet the same as my Paybis account?
Your Paybis account can hold wallets for multiple cryptocurrencies. Your Ethereum wallet is one of the wallets available within your account, alongside others such as Bitcoin or Tether.
