diff --git a/freqtrade/finance/wallets.py b/freqtrade/finance/wallets.py
new file mode 100644
index 000000000..c8d8bab2f
--- /dev/null
+++ b/freqtrade/finance/wallets.py
@@ -0,0 +1,39 @@
+# pragma pylint: disable=W0603
+""" Wallet """
+import logging
+from typing import Dict
+from collections import namedtuple
+from freqtrade.exchange import Exchange
+
+logger = logging.getLogger(__name__)
+
+
+class Wallets(object):
+
+    # wallet data structure
+    wallet = namedtuple(
+        'wallet',
+        ['exchange', 'currency', 'free', 'used', 'total']
+    )
+
+    def __init__(self, exchange: Exchange) -> None:
+        self.exchange = exchange
+        self.wallets: Dict[str, self.wallet] = {}
+
+    def _update_wallets(self) -> None:
+        balances = self.exchange.get_balances()
+
+        for currency in balances:
+            info = {
+                'exchange': self.exchange.id,
+                'currency': currency,
+                'free': balances[currency['free']],
+                'used': balances[currency['used']],
+                'total': balances[currency['total']]
+            }
+            self.wallets[currency] = self.wallet(**info)
+
+        logger.info('Wallets synced ...')
+
+    def update(self) -> None:
+        self._update_wallets()
diff --git a/freqtrade/persistence.py b/freqtrade/persistence.py
index ac7833d79..82daa0b74 100644
--- a/freqtrade/persistence.py
+++ b/freqtrade/persistence.py
@@ -346,26 +346,3 @@ class Trade(_DECL_BASE):
         )
         profit_percent = (close_trade_price / open_trade_price) - 1
         return float(f"{profit_percent:.8f}")
-
-
-class Wallet(_DECL_BASE):
-    """
-    Class for wallet structure
-    It is a mirror of wallets on an exchange
-    """
-    __tablename__ = 'wallets'
-
-    exchange = Column(String, nullable=False, primary_key=True, index=True)
-    currency = Column(String, nullable=False, primary_key=True, index=True)
-
-    free = Column(Float, index=True)
-    used = Column(Float)
-    total = Column(Float)
-    base = Column(Boolean, index=True, default=False)
-    quote = Column(Boolean, index=True, default=False)
-
-    __table_args__ = (
-        PrimaryKeyConstraint(
-            exchange,
-            currency),
-        {})