# One-click betting

Embedded wallets are self-custodial wallets provisioned by Privy itself for a wallet experience that is directly embedded in Ferdy. Embedded wallets do not require a separate wallet client, like a browser extension or a mobile app, and can be accessed directly from FerdyFlip. These are primarily designed for users of Ferdy who may not already have an external wallet, or don't want to connect their external wallet.

Ferdy doesn't require an external wallet; you can sign up with social media accounts or an email. After connecting using your preferred method, an embedded wallet is automatically created, powered by [Privy](https://privy.io/). 

<figure><img src="/files/6HIisIqZEhBZliJHL1Ta" alt=""><figcaption></figcaption></figure>

**Export wallet**

When a user exports their embedded wallet, the private key is only generated on your device in a secure location that neither FerdyFlip nor Privy have access to. You are the only party that can access the full private key. Learn more here (link to <https://docs.privy.io/guide/security/#embedded-wallets>)

**Security**

Your private key is stored securely on Privy's encrypted backend in multiple parts. Learn more about how Privy secures our data here (link to <https://docs.privy.io/guide/security/#user-data-management>)


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