Do you know why cryptocurrencies are closely related to such a mobile device as a smartphone? Because mobile crypto wallets are overflowing the cryptocurrency industry!
Edge Software Wallet is one of the best and most famous crypto wallets worldwide. This brief Edge Wallet review will discuss the main features of such a crypto wallet and my own user experience with it, as well as my opinion on this cryptocurrency wallet.
Edge Wallet at a Glance
Edge is a mobile wallet for multiple cryptocurrencies. It is available on such operating systems as Android and iOS. The Edge wallet is considered to have pro-security characteristics. Not to mention, the wallet has a user-friendly design and has a truly huge number of cryptocurrencies that are accepted for exchange and expenditure. Basically, that a brief Edge Wallet Review. In case you would like to know more about Edge Wallet, then make sure to read the full article. Today we will discuss such topics as an overview of this company, the coins that are supported by Edge Wallet, client support and feedback, FAQs, and some summing up thoughts.
Edge is a company that originated in the city Named San Diego, California. The organization was established in 2014 and was known as ‘AirBitz.’ At first, Edge resembled only the services of Bitcoin-only wallet exchange; it also had a website register that showed companies and organizations that accept Bitcoin.
Afterward, the organization expanded the list of its services and added to it a security platform that was permitting the creators of applications to build apps with high-security levels that would preserve and hold user’s data at ‘The Edge’ (which means the client-side). And because of that, the organization changed its name to ‘Edge.’
The Edge Wallet
Edge is a multi-currency wallet for mobile phones that are operating in such systems as iOS and Android. The wallet itself has a lot of functions: in-app trading, in-app exchange of various cryptocurrencies, and exceptional safety of money and data.
First of all, it is important to mention that Edge Wallet utilizes unusual security protection. The thing is that instead of providing the users with a regular seed phrase that contains 12-24 words that have to be written in a special order, the client should only memorize the login and password.
I think this is very user-friendly and easier in the vent that you are a beginner in the world of cryptocurrency. Moreover, if one wants to see their actual seed phrase, a private key, they can do so for each cryptocurrency they have invested in the wallet app.
In addition, Edge does not know the username and password of the wallet account of the user. So, the data about login and password goes through the process of client-side encryption through the hard device before being sent to the servers of Edge.
2-factor authentication (2fa) is an extra crucial thing in case you are using Edge wallet, as anyone can log in to your account if they know your login and password. When one has turned it on, only one device would be able to stay logged in to the system (unless one authorizes some other gadgets).
Speaking about the spending limits, they can be put in place if a huge amount of money is transferred from the wallet. The Edge would ask one for full password verification. One is also able to enable the auto-logout — it will heighten the safety level as well.
Mobile App Functions
We present you with a brief list of functions that are available in the Edge Wallet Application:
- One can purchase crypto assets directly from the app using a wire transfer or a credit card;
- Cryptocurrency exchange. One can buy and sell crypto assets through such services as ShapeShift, Changelly, and Change now;
- Spend crypto assets and make payments. Edge Wallet permits one to purchase ecard gifts from such popular organizations as Amazon, Steam, and many others through Bitrefill;
- Claim forks. Edge is in support of such a function as a claim of some Bitcoin Forks, e.g., BTC and Bitcoin SV. One may automatically claim BCH from available coins;
- Earn Interest on Cryptocurrencies. Edge Wallet allows one to earn interest in their crypto funds via a partnership with Cred, a crypto-backed lending and borrowing platform.
The Edge Wallet is outstanding in terms of privacy and safety as it holds no user data or personal data on its server. This implies that users can keep their full anonymity. Moreover, one does not even have to get an e-mail address to create an account in sign-up.
The Edge Wallet provides one with complete authority on how much one would like to spend on BTC transaction fees. So, the mining fees are customizable. The most popular and suggested fee is called dynamic, based on the network’s suggested fee and factoring in the number of coins the user needs to transfer.
On the other hand, the standard fee operated to get a transaction confirmed within two to five blocks. To be more precise, big amounts of money and coins will require two blocks while small ones only five. One can change the fees at their own choice: higher or lower than this.
Coins Accepted by Edge
The Edge Wallet supports a truly huge amount of cryptocurrencies: Bitcoin, Ethereum, Litecoin, Monero, Ripple, Stellar, EOS, Bitcoin Cash (Bitcoin Cash is also known as BCH), Bitcoin SV, Ethereum Classic, Binance Coin, Tezos, Ravencoin, Qtum, Dogecoin, FIO, Telos, eBoost, Smartcash, Dash, Augur, Wings, Indorse, Zcoin, FeatherCoin, DigiByte, Vertcoin, Bitcoin Gold, DAI, Smartcash, Groestlcoin.
User Support and Feedback
The Edge Wallet offers its users several choices for customer support:
- One may either explore the knowledge base on the Web interface of the website;
- One may open a ticket from within the app or the website;
- One may reach the support team through a cell phone number.
Another advantage of this cryptocurrency wallet is that it is rated as ‘four stars’ in both supported operating systems (iOS and Android). The vast majority of the customers mention the excellent service for customers. Moreover, the team of the Edge even replies to every comment in Google Play!
In general, any issues are solvable with Edge, without much effort for the user. Speaking about my personal experience, the support tea is exceptional, as you can not really find something like this in other cryptocurrency wallet companies or crypto exchange organizations nowadays.
To sum up my Edge Wallet Review, I believe that Edge Wallet is an app with a brilliant user interface. Edge security features are also on a very high level. Not every company has such security features in its control. Edge Wallet would suit both a beginner and an advanced user, so I would say it is a perfect choice for basically any person in the world of cryptocurrencies.
In case you have had your experience with Edge, make sure to read some comments below and reveal your expressions about it.
What is EDGE Wallet?
The Edge Wallet is one of the leading cryptocurrency wallets that is accepting the vast majority of cryptocurrencies and coins. The mobile app has exceptional security features and an easy account creation process.
If Edge Goes out of Business, What Happens to my Wallet?
To put it in a nutshell, nothing serious will happen. That’s all because the company is not connected to your personal assets. One may at any time access the private keys on the Edge wallet and transfer the money to any other wallet (e.g., a hardware wallet or any other mobile wallet). In any case, one will still have direct control and access to their money.
Does Edge have Open Source Code?
Indeed, yes. Edge has even been verified by major protection experts, such as the Open Bitcoin Privacy Project, for example. You can check the source of the code by clicking on this link.
Is Edge a Good Wallet?
Edge is certainly a great wallet, based on my experience. It is really easy to create an account here, and the cloud servers do not hold one’s contact and personal information. Users have quick access to password recovery, the fees in the Edge Wallet are customizable. The app can be found in App Store and Google Play and installed almost on any device.
Is Edge Bitcoin Wallet Safe?
Yes, it is. The safety features are high-leveled. One is protected from malware and server-side hacks. The users should only memorize the login and password instead of using seed phrases. One can also enable two-factor authentication to provide the best protection to their crypto funds ever. In terms of overall security, it is very close to high-protected hardware wallets.
How to use Edge Wallet?
Just follow these simple instructions:
- Download and install the Edge App;
- Create an account in Edge Wallet;
- Add your coins;
- Start to trade coins, manipulate them, exchange coins;
Basically, Edge Wallet is really easy to use.
What to do if I forgot my Username or Password?
The thing is that the Edge servers don’t keep your password nor username; nonetheless, there are several options on how one can reset the password if one lost it:
- One can reset the password utilizing the four-digit PIN for safety. Make sure to notice that this option will work only if the Edge is installed on some of your devices;
- One can go through recovery questions in the app; And in case you did that before losing the password, you can utilize a recovery token to change the password.