diff --git a/src/client/index.ts b/src/client/index.ts
index dbc38c85..ff6216f6 100644
--- a/src/client/index.ts
+++ b/src/client/index.ts
@@ -115,7 +115,7 @@ import prepareTrustline from "../transaction/trustline";
 import { TransactionJSON, Instructions, Prepare } from "../transaction/types";
 import * as transactionUtils from "../transaction/utils";
 import { deriveAddress, deriveXAddress } from "../utils/derive";
-import generateFaucetWallet from "../wallet/wallet-generation";
+import generateFaucetWallet from "../wallet/generateFaucetWallet";
 
 import { Connection, ConnectionUserOptions } from "./connection";
 
diff --git a/src/index.ts b/src/index.ts
index c713324f..fc8eb966 100644
--- a/src/index.ts
+++ b/src/index.ts
@@ -11,4 +11,4 @@ export * from "./utils";
 // Broadcast client is experimental
 export { BroadcastClient } from "./client/broadcastClient";
 
-export * from "./Wallet";
+export { default as Wallet } from "./wallet";
diff --git a/src/transaction/sign.ts b/src/transaction/sign.ts
index 33a42afa..4479db8f 100644
--- a/src/transaction/sign.ts
+++ b/src/transaction/sign.ts
@@ -3,11 +3,10 @@ import _ from "lodash";
 import binaryCodec from "ripple-binary-codec";
 import keypairs from "ripple-keypairs";
 
-import { Client } from "..";
+import { Client, Wallet } from "..";
 import { SignedTransaction } from "../common/types/objects";
 import { xrpToDrops } from "../utils";
 import { computeBinaryTransactionHash } from "../utils/hashes";
-import Wallet from "../Wallet";
 
 import { SignOptions, KeyPair, TransactionJSON } from "./types";
 import * as utils from "./utils";
diff --git a/src/wallet/wallet-generation.ts b/src/wallet/generateFaucetWallet.ts
similarity index 79%
rename from src/wallet/wallet-generation.ts
rename to src/wallet/generateFaucetWallet.ts
index bf1a5fef..d129e114 100644
--- a/src/wallet/wallet-generation.ts
+++ b/src/wallet/generateFaucetWallet.ts
@@ -1,6 +1,6 @@
 import https = require("https");
 
-import { Client } from "..";
+import { Client, Wallet } from "..";
 import { errors } from "../common";
 import { RippledError } from "../common/errors";
 import { isValidAddress } from "../common/schema-validator";
@@ -23,41 +23,44 @@ const MAX_ATTEMPTS = 20; // Maximum attempts to retrieve a balance
 /**
  * Generates a random wallet with some amount of XRP (usually 1000 XRP).
  *
- * @param this
- * @param address - An existing XRPL address to fund, if undefined, a new wallet will be created.
+ * @param client - Client.
+ * @param wallet - An existing XRPL Wallet to fund, if undefined, a new Wallet will be created.
  * @returns A Wallet on the Testnet or Devnet that contains some amount of XRP.
+ * @throws When either Client isn't connected or unable to fund wallet address.
  */
 async function generateFaucetWallet(
-  this: Client,
-  address?: string
-): Promise<FaucetWallet | void> {
-  if (!this.isConnected()) {
+  client: Client,
+  wallet?: Wallet
+): Promise<Wallet | void> {
+  if (!client.isConnected()) {
     throw new RippledError("Client not connected, cannot call faucet");
   }
 
-  // Initialize some variables
-  let body: Uint8Array | undefined;
-  let startingBalance = 0;
-  const faucetUrl = getFaucetUrl(this);
+  // Generate a new Wallet if no existing Wallet is provided or its address is invalid to fund
+  const fundWallet =
+    wallet && isValidAddress(wallet.classicAddress)
+      ? wallet
+      : Wallet.generate();
 
-  // If the user provides an existing wallet to fund
-  if (address && isValidAddress(address)) {
-    // Create the POST request body
-    body = new TextEncoder().encode(
-      JSON.stringify({
-        destination: address,
-      })
-    );
-    // Retrieve the existing account balance
-    const addressToFundBalance = await getAddressXrpBalance(this, address);
+  // Create the POST request body
+  const body: Uint8Array | undefined = new TextEncoder().encode(
+    JSON.stringify({
+      destination: fundWallet.classicAddress,
+    })
+  );
+  // Retrieve the existing account balance
+  const addressToFundBalance = await getAddressXrpBalance(
+    client,
+    fundWallet.classicAddress
+  );
 
-    // Check the address balance is not undefined and is a number
-    if (addressToFundBalance && !isNaN(Number(addressToFundBalance))) {
-      startingBalance = Number(addressToFundBalance);
-    } else {
-      startingBalance = 0;
-    }
-  }
+  // Check the address balance is not undefined and is a number
+  const startingBalance =
+    addressToFundBalance && !isNaN(Number(addressToFundBalance))
+      ? Number(addressToFundBalance)
+      : 0;
+
+  const faucetUrl = getFaucetUrl(client);
 
   // Options to pass to https.request
   const options = {
@@ -82,20 +85,20 @@ async function generateFaucetWallet(
 
         // "application/json; charset=utf-8"
         if (response.headers["content-type"]?.startsWith("application/json")) {
-          const wallet: FaucetWallet = JSON.parse(body);
-          const classicAddress = wallet.account.classicAddress;
+          const faucetWallet: FaucetWallet = JSON.parse(body);
+          const classicAddress = faucetWallet.account.classicAddress;
 
           if (classicAddress) {
             try {
               // Check at regular interval if the address is enabled on the XRPL and funded
               const isFunded = await hasAddressBalanceIncreased(
-                this,
+                client,
                 classicAddress,
                 startingBalance
               );
 
               if (isFunded) {
-                resolve(wallet);
+                resolve(fundWallet);
               } else {
                 reject(
                   new errors.XRPLFaucetError(
diff --git a/src/Wallet.ts b/src/wallet/index.ts
similarity index 82%
rename from src/Wallet.ts
rename to src/wallet/index.ts
index 4043d68d..766c17c4 100644
--- a/src/Wallet.ts
+++ b/src/wallet/index.ts
@@ -9,11 +9,11 @@ import {
   verify,
 } from "ripple-keypairs";
 
-import ECDSA from "./common/ecdsa";
-import { ValidationError } from "./common/errors";
-import { SignedTransaction } from "./common/types/objects";
-import { signOffline } from "./transaction/sign";
-import { SignOptions } from "./transaction/types";
+import ECDSA from "../common/ecdsa";
+import { ValidationError } from "../common/errors";
+import { SignedTransaction } from "../common/types/objects";
+import { signOffline } from "../transaction/sign";
+import { SignOptions } from "../transaction/types";
 
 /**
  * A utility for deriving a wallet composed of a keypair (publicKey/privateKey).
@@ -23,12 +23,27 @@ import { SignOptions } from "./transaction/types";
 class Wallet {
   readonly publicKey: string;
   readonly privateKey: string;
+  readonly classicAddress: string;
+  readonly seed?: string;
   private static readonly defaultAlgorithm: ECDSA = ECDSA.ed25519;
   private static readonly defaultDerivationPath: string = "m/44'/144'/0'/0/0";
 
-  constructor(publicKey: string, privateKey: string) {
+  constructor(publicKey: string, privateKey: string, seed?: string) {
     this.publicKey = publicKey;
     this.privateKey = privateKey;
+    this.classicAddress = deriveAddress(publicKey);
+    this.seed = seed;
+  }
+
+  /**
+   * Generates a new Wallet using a generated seed.
+   *
+   * @param algorithm - The digital signature algorithm to generate an address for.
+   * @returns A new Wallet derived from a generated seed.
+   */
+  static generate(algorithm: ECDSA = Wallet.defaultAlgorithm): Wallet {
+    const seed = generateSeed({ algorithm });
+    return Wallet.fromSeed(seed);
   }
 
   /**
@@ -98,7 +113,7 @@ class Wallet {
     algorithm: ECDSA = Wallet.defaultAlgorithm
   ): Wallet {
     const { publicKey, privateKey } = deriveKeypair(seed, { algorithm });
-    return new Wallet(publicKey, privateKey);
+    return new Wallet(publicKey, privateKey, seed);
   }
 
   /**
@@ -136,7 +151,7 @@ class Wallet {
    * @returns An X-address.
    */
   getXAddress(tag: number, test = false): string {
-    return classicAddressToXAddress(deriveAddress(this.publicKey), tag, test);
+    return classicAddressToXAddress(this.classicAddress, tag, test);
   }
 }
 
diff --git a/test/wallet/index.ts b/test/wallet/index.ts
index bbd0f4f3..8011677e 100644
--- a/test/wallet/index.ts
+++ b/test/wallet/index.ts
@@ -1,7 +1,7 @@
 import { assert } from "chai";
 
 import ECDSA from "../../src/common/ecdsa";
-import Wallet from "../../src/Wallet";
+import Wallet from "../../src/wallet";
 
 /**
  * Wallet testing.
@@ -9,6 +9,49 @@ import Wallet from "../../src/Wallet";
  * Provides tests for Wallet class.
  */
 describe("Wallet", function () {
+  describe("generate", function () {
+    const classicAddressPrefix = "r";
+    const ed25519KeyPrefix = "ED";
+    const secp256k1PrivateKeyPrefix = "00";
+
+    it("generates a new wallet using default algorithm", function () {
+      const wallet = Wallet.generate();
+
+      assert.isString(wallet.publicKey);
+      assert.isString(wallet.privateKey);
+      assert.isString(wallet.classicAddress);
+      assert.isString(wallet.seed);
+      assert.isTrue(wallet.publicKey.startsWith(ed25519KeyPrefix));
+      assert.isTrue(wallet.privateKey.startsWith(ed25519KeyPrefix));
+      assert.isTrue(wallet.classicAddress.startsWith(classicAddressPrefix));
+    });
+
+    it("generates a new wallet using algorithm ecdsa-secp256k1", function () {
+      const algorithm = ECDSA.secp256k1;
+      const wallet = Wallet.generate(algorithm);
+
+      assert.isString(wallet.publicKey);
+      assert.isString(wallet.privateKey);
+      assert.isString(wallet.classicAddress);
+      assert.isString(wallet.seed);
+      assert.isTrue(wallet.privateKey.startsWith(secp256k1PrivateKeyPrefix));
+      assert.isTrue(wallet.classicAddress.startsWith(classicAddressPrefix));
+    });
+
+    it("generates a new wallet using algorithm ed25519", function () {
+      const algorithm = ECDSA.ed25519;
+      const wallet = Wallet.generate(algorithm);
+
+      assert.isString(wallet.publicKey);
+      assert.isString(wallet.privateKey);
+      assert.isString(wallet.classicAddress);
+      assert.isString(wallet.seed);
+      assert.isTrue(wallet.publicKey.startsWith(ed25519KeyPrefix));
+      assert.isTrue(wallet.privateKey.startsWith(ed25519KeyPrefix));
+      assert.isTrue(wallet.classicAddress.startsWith(classicAddressPrefix));
+    });
+  });
+
   describe("fromSeed", function () {
     const seed = "ssL9dv2W5RK8L3tuzQxYY6EaZhSxW";
     const publicKey =
@@ -65,7 +108,7 @@ describe("Wallet", function () {
   });
 
   describe("fromEntropy", function () {
-    const entropy: number[] = new Array(16).fill(0);
+    let entropy;
     const publicKey =
       "0390A196799EE412284A5D80BF78C3E84CBB80E1437A0AECD9ADF94D7FEAAFA284";
     const privateKey =
@@ -75,6 +118,11 @@ describe("Wallet", function () {
     const privateKeyED25519 =
       "ED0B6CBAC838DFE7F47EA1BD0DF00EC282FDF45510C92161072CCFB84035390C4D";
 
+    beforeEach(function () {
+      const entropySize = 16;
+      entropy = new Array(entropySize).fill(0);
+    });
+
     it("derives a wallet using entropy", function () {
       const wallet = Wallet.fromEntropy(entropy);
 
diff --git a/test/walletGeneration.ts b/test/walletGeneration.ts
index cff70976..3d0b01bf 100644
--- a/test/walletGeneration.ts
+++ b/test/walletGeneration.ts
@@ -1,6 +1,9 @@
 import { assert } from "chai";
 
-import { getFaucetUrl, FaucetNetwork } from "../src/wallet/wallet-generation";
+import {
+  getFaucetUrl,
+  FaucetNetwork,
+} from "../src/wallet/generateFaucetWallet";
 
 import setupClient from "./setupClient";
 
diff --git a/webpack.config.js b/webpack.config.js
index 4f610454..29b20ddd 100644
--- a/webpack.config.js
+++ b/webpack.config.js
@@ -17,7 +17,7 @@ function getDefaultConfiguration() {
     },
     plugins: [
       new webpack.NormalModuleReplacementPlugin(/^ws$/, './wsWrapper'),
-      new webpack.NormalModuleReplacementPlugin(/^\.\/wallet$/, './wallet-web'),
+      new webpack.NormalModuleReplacementPlugin(/^\.\/wallet\/index$/, './wallet-web'),
       new webpack.NormalModuleReplacementPlugin(
         /^.*setup-api$/,
         './setup-api-web'