diff --git a/packages/sdk38/src/wallet.spec.ts b/packages/sdk38/src/wallet.spec.ts
index c83b07ac..8217c95c 100644
--- a/packages/sdk38/src/wallet.spec.ts
+++ b/packages/sdk38/src/wallet.spec.ts
@@ -69,10 +69,10 @@ describe("Secp256k1Wallet", () => {
     });
   });
 
-  describe("save", () => {
+  describe("serialize", () => {
     it("can save with password", async () => {
       const wallet = await Secp256k1Wallet.fromMnemonic(defaultMnemonic);
-      const serialized = await wallet.save("123");
+      const serialized = await wallet.serialize("123");
       expect(JSON.parse(serialized)).toEqual(
         jasmine.objectContaining({
           type: "v1",
@@ -96,7 +96,7 @@ describe("Secp256k1Wallet", () => {
     });
   });
 
-  describe("saveWithEncryptionKey", () => {
+  describe("serializeWithEncryptionKey", () => {
     it("can save with password", async () => {
       const wallet = await Secp256k1Wallet.fromMnemonic(defaultMnemonic);
 
@@ -106,7 +106,7 @@ describe("Secp256k1Wallet", () => {
         opsLimit: 321,
         memLimitKib: 11 * 1024,
       };
-      const serialized = await wallet.saveWithEncryptionKey(key, customKdfParams);
+      const serialized = await wallet.serializeWithEncryptionKey(key, customKdfParams);
       expect(JSON.parse(serialized)).toEqual(
         jasmine.objectContaining({
           type: "v1",
diff --git a/packages/sdk38/src/wallet.ts b/packages/sdk38/src/wallet.ts
index 602d9484..330e49a0 100644
--- a/packages/sdk38/src/wallet.ts
+++ b/packages/sdk38/src/wallet.ts
@@ -241,22 +241,22 @@ export class Secp256k1Wallet implements OfflineSigner {
    * @param password The user provided password used to generate an encryption key via a KDF.
    *                 This is not normalized internally (see "Unicode normalization" to learn more).
    */
-  public async save(password: string): Promise<string> {
+  public async serialize(password: string): Promise<string> {
     const kdfOption = basicPasswordHashingOptions;
     const encryptionKey = await Argon2id.execute(password, secp256k1WalletSalt, kdfOption);
-    return this.saveWithEncryptionKey(encryptionKey, kdfOption);
+    return this.serializeWithEncryptionKey(encryptionKey, kdfOption);
   }
 
   /**
    * Generates an encrypted serialization of this wallet.
    *
-   * This is an advanced alternative of calling `save(password)` directly, which allows you to
+   * This is an advanced alternative of calling `serialize(password)` directly, which allows you to
    * offload the KDF execution to an non-UI thread (e.g. in a WebWorker).
    *
    * The caller is responsible for ensuring the key was derived with the given kdf options. If this
    * is not the case, the wallet cannot be restored with the original password.
    */
-  public async saveWithEncryptionKey(
+  public async serializeWithEncryptionKey(
     encryptionKey: Uint8Array,
     kdfOptions: Argon2idOptions,
   ): Promise<string> {
diff --git a/packages/sdk38/types/wallet.d.ts b/packages/sdk38/types/wallet.d.ts
index 486513b5..9cb46ede 100644
--- a/packages/sdk38/types/wallet.d.ts
+++ b/packages/sdk38/types/wallet.d.ts
@@ -100,15 +100,15 @@ export declare class Secp256k1Wallet implements OfflineSigner {
    * @param password The user provided password used to generate an encryption key via a KDF.
    *                 This is not normalized internally (see "Unicode normalization" to learn more).
    */
-  save(password: string): Promise<string>;
+  serialize(password: string): Promise<string>;
   /**
    * Generates an encrypted serialization of this wallet.
    *
-   * This is an advanced alternative of calling `save(password)` directly, which allows you to
+   * This is an advanced alternative of calling `serialize(password)` directly, which allows you to
    * offload the KDF execution to an non-UI thread (e.g. in a WebWorker).
    *
    * The caller is responsible for ensuring the key was derived with the given kdf options. If this
    * is not the case, the wallet cannot be restored with the original password.
    */
-  saveWithEncryptionKey(encryptionKey: Uint8Array, kdfOptions: Argon2idOptions): Promise<string>;
+  serializeWithEncryptionKey(encryptionKey: Uint8Array, kdfOptions: Argon2idOptions): Promise<string>;
 }