Edge Wallet Review – Is Edge a Good Crypto Wallet?

Edge Wallet, formerly called Airbitz Wallet, is one of the pioneering cryptocurrency wallets. It is a powerful online wallet that makes it easy to store and manage cryptocurrencies. It is still on the market today despite many competitors. Want the best wallet for your crypto but don’t know which one to choose? In this Edge Wallet review, discover the reasons why you can trust Edge Wallet.

What Is Edge Wallet?

Edge Wallet is an online cryptocurrency wallet that lets you store, buy and exchange cryptocurrencies easily. It was created during Bitcoin’s early days. At first, it was simply used to store crypto assets and was known as Airbitz Wallet. Later, it added other features and changed its name to mark its rebirth and new features, becoming “Edge Wallet”. Edge Wallet now works in partnership with cryptocurrency exchanges and purchase platforms, letting users acquire crypto in different ways to diversify their portfolios.
Edge Wallet is a mobile trading app that can be downloaded for free from Google Play or the App Store. At first glance, it has a very attractive interface. Even so, it still contains some spelling mistakes and careless errors.

On related topics, our articles “Ontology Crypto Review” and “Filecoin Crypto Review” are a good complement to this guide.

How Does Edge Wallet Work?

As its name suggests, Edge Wallet works like a wallet: you can put (digital) money in it and make purchases with it. Hence the importance of knowing:

• How to Receive Cryptocurrencies in Your Edge Wallet?

Simply log in to your wallet. Then tap the “Request” button and scan the QR code or copy the wallet address provided. Finally, use this address or QR code to send funds to your wallet. If you want to request funds from other people or simply share your wallet address with them, you can select “Copy” to copy the wallet address text and send it, or tap “Email” to open your email account and send the address.

• How to Make Payments with Edge Wallet?

Log in to your wallet. Then tap the “Send” button and scan the QR code of the person you want to send funds to, or tap the “Address” button and paste the recipient’s wallet address. Then enter the amount and review the details of your transaction. Finally, swipe to confirm and initiate the transaction.

Which Cryptocurrencies Does Edge Wallet Support?

Edge Wallet has come a long way since it was called Airbitz, both in terms of features and the cryptocurrencies it supports. Today, Edge Wallet is a multi-currency wallet that supports around thirty cryptocurrencies, including the famous Bitcoin. Other interesting cryptocurrencies you can store or exchange in Edge Wallet include:

• Dogecoin
• Bitcoin Cash
• Litecoin
• Ethereum
• Monero
• EOS
• Ethereum Classic
• Dash
• Ripple
• Tezos
• Qtum
• Ripple
• Feathercoin

Edge Wallet Support – Which Platforms Does the Wallet Support?

As mentioned above, Edge Wallet is an online cryptocurrency wallet in the form of a mobile app. It therefore only works on a mobile device, either a smartphone or a tablet. The Edge app supports both Android and iOS.
However, we noticed that Edge Wallet is not yet accessible from a computer. But if you are used to or prefer using a computer to manage your wallet, you can do so by going straight to the official Edge Wallet website.

Top 10 Best Wallets – Which Wallet to Choose?

Edge Wallet – What Are the Advantages?

There are many cryptocurrency wallets, but if you choose Edge Wallet, here are the main advantages you will enjoy:

• Edge Wallet is beginner-friendly, with a super intuitive and easy-to-use interface. Thanks to its simplicity, this wallet lets you manage your funds easily.
• Edge Wallet offers in-app exchanges and cryptocurrency purchases.
• Your Edge Wallet account is secured with enhanced security features, including two-factor authentication
• With Edge Wallet, only you control your funds. In other words, you are the only person authorized to access your funds and transaction information. Neither Edge nor any third party can access your wallet or your data.
• Edge Wallet lets you store your Bitcoin, Ethereum or altcoins such as Dogecoin or Monero on a decentralized web server, making it an easy and low-cost solution.
• You can store 12 popular cryptocurrencies in your Edge wallet.
• Finally, you can build your own app with Edge Wallet’s open-source code.

Edge Wallet Fees and Commissions

At Edge Wallet, storing cryptocurrencies is free. But to earn money, the site still charges fees and commissions on various operations. These vary depending on the crypto asset bought, received, sent or exchanged, but in most cases they are reasonable. You will not be charged fees to receive currencies in your wallet either, although mining or network fees apply when you send funds.
However, these fees do not go to Edge but to network miners. If you want to buy Bitcoin, Bitcoin Cash or Ethereum in the app via Simplex, total fees of 6% apply: a 1% margin fee (no minimum) and a 5% fee ($10 minimum).

Edge Wallet on Reddit – Is It a Secure Wallet?

Edge Wallet’s security measures are fairly satisfactory. As soon as you sign up, you are informed that the Edge app cannot access the contents of your wallet. Setting your password and PIN code during sign-up are also safe and essential steps that help keep your account secure.
Edge includes a number of features to keep your funds safe, including:

• Two-factor authentication: this ensures that only your device can access your Edge Wallet account.
• Client-side encryption: all your private data is encrypted on your phone before it reaches Edge’s servers. This means Edge has no access to your personal information.
• Spending limits: this feature means you will need to enter a PIN/password to send an amount above a specified limit.
• Auto logout: you are automatically logged out of your account after a certain time.
• PIN login: you can log in to your account quickly using a four-digit PIN code.
• Password recovery: if you forget your password, Edge lets you recover your account using recovery questions.

Choosing a Wallet – What Are the Categories of Wallets?

If you are starting to invest in cryptocurrencies, you will need a wallet that lets you not only store your cryptocurrency but also send, receive, buy and sell it. However, there are several types, and you may be spoilt for choice.
Before choosing your cryptocurrency wallet, you first need to choose the type of wallet you want to use. There are several, which generally fall into three main categories:

Cryptocurrency Trading Platform Wallets

In this category are the crypto wallets found on cryptocurrency trading platforms. These platforms let you trade different cryptocurrencies and also use a wallet. These wallets are set up automatically when you create your account and are very simple to use. You just need to check your wallet from time to time to instantly generate a new address. The different platforms offer different cryptocurrencies, so check which ones are available on each platform before creating an account.

Diversifiez votre patrimoineInvestissez dans l’artDes tableaux originaux, pièces uniques signées par l’artiste. Un actif tangible, loin des écrans et des cotations.Voir les tableaux →

Multi-Currency Wallets

This category includes versatile wallets that support several cryptocurrencies. They take the form of software or mobile apps that must be installed on a computer or mobile device. They are a little more complex to use than platform wallets. However, they are more complete and practical than the single-currency wallets we will look at later. This type of wallet is ideal for investors who use several cryptocurrencies and are not necessarily new to crypto. Edge Wallet, of course, is one of these multi-currency wallets.

Single-Currency Wallets

These are generally the official wallets of each cryptocurrency, which gives you a simple wallet. Although they only let you store one cryptocurrency, they are very complete, as you can, for example, download the entire blockchain.
To find the official wallet of the cryptocurrency you want to invest in, simply download it from that cryptocurrency’s official website. However, if you want to invest in many different cryptocurrencies, this type of wallet is not recommended, as it will force you to install lots of software instead of just one.
In short, after choosing the type of cryptocurrency wallet you want, all you have to do is choose the wallet that suits you. You can choose between a platform wallet, a single-currency wallet or a multi-currency wallet.

Edge Wallet Review – How to Create Your Edge Wallet?

To use Edge Wallet, you first need to sign up to create your Edge wallet. Here are the steps to follow:

Open the Edge Wallet App

Once the Edge app is installed on your mobile device, open it and tap the “Create account” button.
The app will then display a text explaining what will happen. After reading this text carefully, tap the “Get started” button.

Choose Your Login Details

Now you need to choose a username that Edge will use to identify you. This username must contain at least 3 characters. When you are done, tap the “Next” button.
Next, you need to set your password, which will let you access your account later. It must contain at least:

• 10 characters
• one uppercase letter
• one lowercase letter
• one number

When you are done, tap the “Next” button.

Set Your PIN Code – Edge Wallet Login

After setting your login details, you need to choose a PIN code that lets you access your Edge Wallet account directly and easily. Choose a four-digit combination that is easy to remember but not too obvious, in other words not easy to guess. For example, avoid using your birthday as your PIN code. To avoid forgetting it, you can write your code down discreetly in a secure place.

Confirm Your Account – Edge Wallet Review

At the start of this step, the app first asks you to keep your login details safe, because if you forget them, you will no longer have access to your account and therefore your wallets. Before actually confirming your account, check the information you provided by tapping the “Show account details” button. You can still make changes if needed. Then, when you are satisfied, tap “Next”.
You are now at the actual account confirmation stage. In this final step, you are given a summary of everything that owning an account involves and reminded of your responsibilities for keeping your cryptocurrencies safe. After carefully reading and accepting the app’s terms of use, tick all the corresponding boxes. Finally, to complete your registration, tap the blue “Confirm and Finish” button.
Your account is now created. You can now store, trade or buy cryptocurrencies with Edge Wallet.

How to Store Your Crypto with Edge Wallet?

You have finished creating your Edge account. Now you want to store your crypto in your Edge wallet. How do you do it? Just follow these steps:

• First, log in to your Edge account
• Then, once your account is open, tap the “Request” button
• Next, scan the QR code or copy the wallet address provided.
• Finally, use this address or QR code to send funds to your wallet.

If you are requesting funds from other people, you can choose between the following two options:

• either copy the wallet address text by selecting “Copy” and then send it,
• or open your email account by tapping “Email”, then send the address.

Edge Wallet Review – Key Takeaways

Edge Wallet currently offers users maximum security with simplicity, while letting them manage their own private keys and easily transfer and exchange their cryptocurrencies, all to keep the Edge wallet secure for its users. But to be extra careful, we advise you to keep the following points in mind:

• Be careful not to lose your phone or computer
• Don’t share your login details with other people, to avoid unpleasant surprises.
• Finally, remember that the risk of online hacking is always present with online storage.

Conclusion – Should You Choose Edge Wallet to Store Your Crypto?

Overall, Edge Wallet (formerly Airbitz) is an interesting crypto wallet. It is a multi-currency wallet that supports around thirty cryptocurrencies, including the famous Bitcoin and Ethereum. It also offers various features: for example, you can trade or exchange cryptocurrencies with Edge thanks to its many partnerships. Edge Wallet also takes fairly satisfactory security measures to protect your funds.
Even so, Edge Wallet is not yet accessible from a computer, and some users complain that the app is slow. That is why we would rather point you towards eToro. This platform is easy to use, more convenient, and you will have no trouble understanding how its wallet works. It is a more secure, practical and complete alternative, especially for beginners.