diff --git a/js/models/Identity.js b/js/models/Identity.js
index 338d7152e..3799e329f 100644
--- a/js/models/Identity.js
+++ b/js/models/Identity.js
@@ -239,6 +239,7 @@ Identity.prototype.retrieveWalletFromStorage = function(walletId, opts, cb) {
 Identity.prototype.storeWallet = function(wallet, cb) {
   preconditions.checkArgument(wallet && _.isObject(wallet));
 
+  wallet.setVersion(this.version);
   var val = wallet.toObj();
   var key = wallet.getStorageKey();
   log.debug('Storing wallet:' + wallet.getName());
diff --git a/js/models/Wallet.js b/js/models/Wallet.js
index 010294bfc..e45a5edb9 100644
--- a/js/models/Wallet.js
+++ b/js/models/Wallet.js
@@ -2623,6 +2623,14 @@ Wallet.prototype.getTransactionHistoryCsv = function(cb) {
 
 }
 
+/**
+ * @desc Sets the version of this wallet object
+ * 
+ * @param {string} version - the new version for the wallet
+ */
+Wallet.prototype.setVersion = function(version) {
+  this.version = this.opts.version = version;
+};
 
 /**
  * @desc Return a list of past transactions
diff --git a/test/Identity.js b/test/Identity.js
index f39d3db42..caecc3f03 100644
--- a/test/Identity.js
+++ b/test/Identity.js
@@ -85,6 +85,7 @@ describe('Identity model', function() {
       obj: 1
     });
     w.getName = sinon.stub().returns('name');
+    w.setVersion = sinon.stub();
     w.on = sinon.stub();
     w.netStart = sinon.stub();
     w.args = args;
@@ -234,8 +235,62 @@ describe('Identity model', function() {
     });
   });
 
-  describe.skip('#storeWallet', function() {
-    // TODO test storeWallet
+  describe('#storeWallet', function() {
+    var iden = null;
+    var storage = null;
+    beforeEach(function() {
+      storage = sinon.stub();
+      storage.setCredentials = sinon.stub();
+
+      var opts = {
+        email: 'test@test.com',
+        password: '123',
+        network: {
+          testnet: {
+            url: 'https://test-insight.bitpay.com:443'
+          },
+          livenet: {
+            url: 'https://insight.bitpay.com:443'
+          },
+        },
+        storage: storage,
+      };
+
+      iden = new Identity(opts);
+    });
+
+    it('should store a simple wallet', function (done) {
+      storage.setItem = sinon.stub().yields(null);
+      var w = {
+        toObj: sinon.stub().returns({ key1: 'val1' }),
+        getStorageKey: sinon.stub().returns('storage_key'),
+        getName: sinon.stub().returns('name'),
+        setVersion: sinon.spy(),
+      };
+      iden.storeWallet(w, function (err) {
+        should.not.exist(err);
+        storage.setItem.calledOnce.should.be.true;
+        storage.setItem.calledWith('storage_key', { key1: 'val1' });
+        done();
+      });
+    });
+    it('should change wallet version when storing', function (done) {
+      storage.setItem = sinon.stub().yields(null);
+      var w = {
+        toObj: sinon.stub().returns({ key1: 'val1' }),
+        getStorageKey: sinon.stub().returns('storage_key'),
+        getName: sinon.stub().returns('name'),
+        setVersion: sinon.spy(),
+        version: '1.0',
+        opts: { version: '1.0' },
+      };
+      iden.version = '2.0';
+      iden.storeWallet(w, function (err) {
+        should.not.exist(err);
+        w.setVersion.calledWith('2.0').should.be.true;
+        done();
+      });
+    });
   });