Edge cryptocurrency wallet review 2018 | finder.com

Edge multi-currency wallet – December 2018 review

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Edge Cryptocurrency Wallet
Edge Cryptocurrency Wallet

Learn all about the Edge digital bitcoin wallet.

Edge is a beginner-friendly bitcoin wallet that offers security features, an easy-to-use interface and a comprehensive directory of bitcoin-accepting businesses near you.

Product Name Edge Cryptocurrency Wallet
Wallet Type Mobile
Supported Cryptocurrencies BTC, BCH, ETH, LTC, XMR, XRP, DASH, REP, WINGS, IND, XZC, FTC

Pros

  • Beginner friendly with an easy-to-use interface
  • Strong security features, including two-factor authentication
  • Stores 12 popular cryptos
  • Offers in-app exchanges and crypto purchases
  • Open-source code

Cons

  • Lack of web interface
  • Some features still coming soon at time of writing (July 2018)
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

This wallet isn’t currently available via the finder website right now. Please see our comparison of other crypto wallets for options to consider.

Airbitz becomes Edge

Edge Wallet was originally known as Airbitz, but rebranded to its current moniker in October 2017. The new wallet is designed to offer increased security and a range of other improved features to users.

What is Edge?

Edge is a mobile wallet designed to make it simple to store and trade cryptocurrencies. It allows users to send and receive 12 digital currencies, and also includes ShapeShift integration so you can quickly convert between coins and tokens.

Edge uses client-side encryption to encrypt all of your private data on your device. This means you retain complete control of your digital assets, and there’s no need to pass your phone number, ID or any other private information to Edge.

Edge also has plans to allow US and European users to buy and sell bitcoin directly through their wallet by using Glidera, a third-party API owned by crypto exchange Kraken. However, this feature will not be available for Australian users.

In the meantime, you can purchase Bitcoin, Bitcoin Cash and Ethereum with a credit card using Simplex, a partner of Edge. US dollars and euros are the supported currencies, and the cryptos you purchase are deposited directly into your Edge Wallet.

The predecessor to the Edge Wallet, the Airbitz Bitcoin Wallet, was launched in 2014. The Edge team is based in San Diego, California, and led by CEO and co-founder Paul Puey.

Compatible with:

  • Available for Android 6 or higher and Apple iOS 10 or higher
  • Not compatible with desktop

How much does it cost?

Edge can be downloaded to your mobile device for free. You also won’t be charged any fees for receiving currency into your wallet, although mining or network fees do apply when you send funds. However, these fees don’t go to Edge but to the miners of the network.

If you want to purchase bitcoin, Bitcoin Cash or Ethereum through the app via Simplex, a total fee of 6% applies. This consists of:

  • Edge fee: 1% (no minimum)
  • Simplex fee: 5% ($10 minimum)

Which currencies can I store?

Edge currently supports the following cryptocurrencies:

  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Monero
  • XRP
  • Dash
  • Augur
  • Wings
  • Indorse
  • Zcoin
  • Feathercoin

How do I add currency to my wallet?

To receive funds into your Edge Wallet, you’ll need to:

  1. Login to your wallet.
  2. Tap the “Request” button.
  3. Scan the QR code or copy the wallet address provided.
  4. 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 out, or tap “Email” to open your email account and then send your address.

How do I make payments with Edge?

To send money from Edge, you’ll need to:

  1. Login to your wallet.
  2. Tap the “Send” button.
  3. Scan the QR code you want to send funds to or tap the “Address” button and paste the recipient’s wallet address.
  4. Enter the amount you want to send.
  5. Review the details of your transaction and slide to confirm.

How secure is Edge

Edge includes a number of security features to help ensure the safety of your funds, including:

  • 2-factor authentication. This ensures that only your device can access your wallet account.
  • Client-side encryption. All of your private data is encrypted on your phone before it touches Edge’s servers. This means Edge doesn’t have access to any of your personal information and allows you to retain full control of your assets.
  • Spending limits. Enabling this feature means that you’ll need to enter a PIN/password in order to send an amount above a specified limit.
  • Auto logout. You’re automatically logged out of your account after a set period of time has passed.
  • PIN login. You can quickly login to your account using a four-digit PIN.
  • Password recovery. In case you ever forget your password, Edge allows you to set up recovery questions so you can still regain access to your account.

Where can I get Edge?

Android users can download Edge directly from the Google Play store or the Edge website. For iPhone users, the app can be downloaded from the iTunes app store.

Pros and cons

Pros

  • Beginner friendly with an easy-to-use interface
  • Strong security features, including 2-factor authentication
  • Stores 12 popular cryptos
  • Offers in-app exchanges and crypto purchases
  • Open-source code

Cons

  • Lack of web interface
  • Some features still coming soon at the time of this writing (July 2018)

Frequently asked questions

Image source: Airbitz


Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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2 Responses

  1. Default Gravatar
    PJMNovember 3, 2017

    Hi, I am very new to cryptocurrency investing and am looking for a forum to join for beginners. Do you have any suggestions of a few crypto/bitcoin forums that you feel are good? Thanks!

    • Default Gravatar
      JonathanNovember 3, 2017

      Hi PJM,

      Thank you for your inquiry. We understand that you wanted to learn the loops in bitcoin, including the discussion forums.

      As a comparator company, we don’t have information about legitimate forums surrounding the cryptocurrency, but we have a some helpful guide for bitcoin beginners wherein you can learn some relevant tips. Moreover, as cryptocurrency exchanges began to evolve, different types of crypto-wallets emerged which can be confusing to new investors or traders. You may read through that link for supplemental information on which exchange your preferences may be suited.

      Take note that this is only a general information and any risks involved would be in your account. You may get some professional advice from a bitcoin broker or financial adviser if warranted.

      Hope this helps.

      Cheers,
      Jonathan

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