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Edge Wallet Review
This Edge Wallet review covers all of the must-have features of this crypto wallet, such as a simple to use interface. We’ll also discuss security practices, functionality, and who is a good candidate for this platform. Read on to see if this wallet suits your crypto needs.
- Great wallet for new cryptocurrency users
- Lightweight and easy to install
- Built-in support for swapping coins
- One of the most secure software wallets
Meet Our Reviewing Team
Edge Wallet Review: Pros & Cons
Pros
Easy set-up and user-friendly interface
In-app crypto purchase and exchange
Reliable team that is based out of the USA
Buy gift cards through app using crypto
Very secure and private for a software wallet
Cons
Somewhat limited number of cryptocurrencies supported
App only available for mobile devices
Cannot hold fiat currencies in wallet
No support for hardware wallets like Ledger or Trezor
Top Features
The strengths of the Edge Wallet are its ease of set-up and use, its security, and its plethora of in-app features.
Setup only takes a minute once you have installed the app, you simply choose a username, a password, and a PIN. That is it.
All your data is encrypted client-side, meaning it is encrypted on your phone before being sent to the servers. This ensures that the company cannot access your account information, mitigating your information being compromised should their servers be hacked. In addition, the app offers 2-factor authentication (2FA), an auto logout, and password recovery. Edge also backs up all the information using peer-to-peer cloud servers, and the encrypted data can only be decrypted by the individual users’ password and username.
The wallet also lets users buy crypto with their credit card or a wire transfer, do crypto-to-crypto exchanges, earn interest on their assets, and buy gift cards with their assets, all within the app.
A look at the Edge Wallet interface on tablet.
What Cryptocurrencies are Supported?
The Edge Wallet currently supports over 20 crypto assets and all ERC tokens. Users also can request their favorite coin be added to the list. Some of the assets already supported are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Monero (XMR)
- Ripple (XRP)
- Stellar (XLM)
- Tezos (XTZ)
- Binance Coin (BNB)
- Polygon (MATIC)
- Dogecoin (DOGE)
Is Edge Wallet Safe?
Yes, this wallet is safe. While a hardware wallet such as the Ledger Nano X, Nano S, or a Trezor Model T or Trezor One is technically safer, the Edge Wallet offers top-tier security and is free. With automatic backups, client-side encryption, 2FA, and password recovery, users can feel confident their private keys are safe.
Customer Support
Quite often crypto wallets offer lackluster customer support compared to exchanges because there is simply less money to be made from the product. However, the wallet has decent support with a detailed FAQ, email support, phone support, and live chat options. They also recently introduced in-person support in San Diego and have launched a discord for virtual meetings.
Supported Operating Systems
The Edge Wallet is currently only available for Android and iOS mobile devices, it is not supported as a desktop application and there are no current plans to change that. It is available for download both in the Apple App Store and the Google Play Store as well as Android Direct Download.
Potential Dealbreakers
There are few downsides to the Edge Wallet. While not as secure as a hardware version, it has strong security features compared to many other software wallets. Being available only for mobile, however, can be a disadvantages for some users.
Another disadvantage is that you cannot store fiat in the wallet, meaning you cannot hold USD, GBP, EUR, or any other fiat currency. In addition there are a limited number of crypto assets supported, especially when considering the top 25 coins by market capitalization. It has the majority of big-name coins but it is missing a few significant ones.
Edge Wallet Frequently Asked Questions
It is definitely one of the most secure and safe software crypto wallets you can get, but it is not as secure as a hardware wallet.
The application only takes up a modest 68MB of storage space.
Edge is a very safe software wallet due to their Edge Security platform. However, the safest way to store your crypto assets is offline or in a hardware wallet, especially if you are not planning to spend them on a regular basis.
No, it no longer supports Shapeshift. It currently uses THORchain for built-in swaps.
No, you cannot store US Dollars or any other fiat currency on the wallet.
To buy Bitcoin with the wallet, click “Buy Cryptocurrency”, select BTC, choose your payment method and seller, then follow the on-screen instructions.
It depends on the features you are looking for. The Edge Wallet may be slightly safer due to their proprietary Edge Security software feature, but the Exodus Wallet supports more assets, offers almost all the same features, has a desktop application, and also supports hardware wallets.
Yes, it is solely available for mobile.
No, it does not support Ledger, Trezor or any other hardware wallets.
