Edge Wallet Review

The Edge Wallet is an intriguing cryptocurrency software wallet. Available only for mobile devices, the Edge Wallet offers easy set-up, a simple to use interface, and a host of extra features which we will delve into momentarily.

Edge, initially called Airbitz, got its start as a Bitcoin-only wallet in 2014. The security model used by Airbitz Bitcoin Wallet was called “Edge Security”, which the company later integrated into blockchain projects such as Augur, and Wings. By late 2017 Airbitz had advanced into a data security solution and multi-currency wallet, and so the company decided to highlight the strongest aspect of their product which was their Edge Security software feature. This is when Edge Wallet was born.

Edge Wallet Logo

Edge Wallet

  • Great wallet for new cryptocurrency users
  • Lightweight and easy to install
  • Earn interest on crypto directly in wallet
  • One of the most secure software wallets
The Benefits PRO's
  • Easy set-up and user-friendly interface
  • In-app crypto purchase and exchange
  • Earn interest on your crypto
  • Buy gift cards through app using crypto
  • Very secure and private for a software wallet
The Downside CON's
  • Somewhat limited number of cryptocurrencies supported
  • App only available for mobile devices
  • Cannot hold fiat currencies in wallet

Edge Wallet at a Glance

Wallet type: Software
Platforms supported: Android, iOS
Price: Free
Cryptocurrencies supported: 31
Size of app: 68 mb
Year released: 2014
Pin code protected: Yes
Frequency of updates: High
Trust rating: High

Best Features

The best features of the Edge Wallet are its ease of set-up and use, its security, and its plethora of in-app features.

Setting up the Edge Wallet 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 you account information, and that even if the servers are hacked the risk of your information being compromised is mitigated. 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.

By offering users the ability to 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, the Edge Wallet offers features that appeal to almost anyone.

What Cryptocurrencies are Supported?

The Edge Wallet currently supports 31 crypto assets. Users also have the ability to request their favourite coin be added to the list. Some of the assets already supported by Edge Wallet are:

Is Edge Wallet Safe?

Yes, Edge Wallet is safe. While a hardware wallet such as the Ledger Nano X, Nano S, or a Trezor Model T or Trezor One is safer than the Edge Wallet, the Edge Wallet offers top tier security for a software wallet and is free. With automatic backups, client-side encryption, 2FA, and password recovery, the Edge Wallet should have users feeling confident their private keys are safe.

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 is no desktop application in the works.

Potential Dealbreakers

There are few, if any, downsides to the Edge Wallet. While not as secure as a hardware wallet, the Edge Wallet offers very strong security features compared to many other software wallets. Being available only for mobile can be a disadvantages for some users.

Another disadvantage with the Edge Wallet is that you cannot store fiat in the wallet, meaning you cannot hold USD, GBP, EUR, or any other fiat currency in the wallet. In addition the Edge Wallet has a somewhat limited number of crypto assets supported, especially when considering the top 25 coins by market capitalization. One such cryptocurrency is the number three coin by market cap, Tether (USDT). It’s a glaring hole considering the popularity of stablecoins right now.

Edge Wallet Frequently Asked Questions

About the Author

Evan Jones CryptoVantage headshot

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.