Edge Wallet Review and In-Depth User Guide
Edge is our selection for the best mobile cryptocurrency wallet. Edge is a wallet for both Android and iOS devices created by the former Airbitz team, that was released in February, 2018. The wallet supports receiving, sending, storing, and exchanging between a variety of different cryptocurrencies, as well as ERC20 tokens.
Since 2014, the Airbitz development team has been working on user friendly security solutions. Beginning with a Bitcoin wallet and merchant database, they have since grown to creating a wallet that supports multiple currencies including Bitcoin, Ethereum, Ripple, Monero, and Litecoin. In October 2017 Airbitz re-branded to Edge.
This Edge wallet review will cover:
Edge Wallet Review
The Edge team has given strong attention to the user experience of their wallet. The process of creating a new account and beginning to use the wallet takes only a minute — requiring just a username, password, and pin. Restoring from a lost device is just as easy. Simply install Edge wallet on your new device and enter your username and password. You’ll restore your wallet exactly as it was on the old device.
As soon as you log in for the first time you are ready to begin receiving Bitcoin, Bitcoin Cash, and Ethereum. Once you have some cryptocurrency in the wallet, you can easily send or swap it for any other supported coin or token using their built-in exchange feature.
The presentation of the wallet is sleek, simple, and easily navigated. There are just four main screens: “Wallets”, “Request”, “Scan”, and “Exchange”. This keeps the wallet’s flow intuitive so that you don’t have to tap through endless pages trying to find where you want to be.
From the main wallet page you can backup your seeds, add new cryptocurrency wallets, or manage your Ethereum tokens.
Below I cover more features in our Edge user’s guide.
A large part of why we chose Edge as the best mobile wallet is its wide variety of supported cryptocurrencies, especially when compared to other mobile devices. Edge supports:
- Bitcoin Cash
- Bitcoin Gold
It’s also one of the few mobile wallets to support all Ethereum ERC-20 tokens, which can be added to your Ethereum wallet.
In general, mobile wallets are not the most secure way to store cryptocurrency. We recommend using a hardware wallet for storing large amounts of savings, then using a mobile wallet for daily payments and transactions. With that said, we believe Edge has done a good job at security for an iOS/Android wallet.
When setting up your Edge wallet, private keys will be created locally on your iOS or Android device. These keys are stored with a hash of your username and password.
Usernames and passwords are never shared or stored on Edge’s servers.
After your wallet is created, it’s backed up by Edge and can then be synchronized across multiple devices of yours. At this time in the set up process, it’s a good idea to enable 2-Factor Authentication (2FA) in your settings for added security.
With these features, Edge states, “…a key logger or screen grabber that may have snagged the username/password won’t be able to use it on another device. Users get the ease and familiarity of standard authentication with the security of client-side encryption and automated backup.”
1. Install the app.
Edge wallet can be installed from the Google Play Store, iTunes or directly from the Edge site.
2. Create an account.
The first time you run the app you will need to create an account with Edge. You must set a username, password, and 4 digit pin. These account details are used to access your wallet and restore it if your device is lost, damaged, or stolen. So be sure to use a username and password that have never been used for any other account.
3. Add more cryptocurrencies.
To begin adding cryptocurrency wallets, navigate to the main “Wallets” page. Tap the “+” next to “My Wallets” and a menu of supported currencies will appear. Simply tap whichever asset you would like to add. You’ll then be brought back to the “Wallets” page where your new currency’s wallet will now be listed.
If you would like to add ERC20 tokens, please refer to Edge’s guide.
4. Receive coins.
To receive coins, begin by tapping “Request” on the navigation bar. At the top of the page you will see the wallet that is set to receive. If you want to receive in another currency, simply tap the wallet name to choose another cryptocurrency.
From here you can either have the sender scan the displayed QR code with their device, use “Copy” to copy the address to your clipboard or use “Share” to share the address with another app (including sms to one of your contacts).
5. Send coins.
To send coins, begin by tapping “Scan” on the navigation bar. You will immediately be brought to a QR code scanner using the camera of your device.
If you instead wish to paste an address from your clipboard, tap “Address”. A pop-up will appear allowing you to enter the address.
Next you will have to verify your send amount. This is also where you may adjust your mining fee by tapping the three dots at the top right and selecting “Change Mining Fee” from the drop down menu. When you’ve made your desired selections you can slide the icon to the left to confirm sending.
6. Exchange coins.
To exchange one cryptocurrency for another you must first have a wallet set up for each of asset (refer to step 3 of this guide to add more wallets). Once you have your wallets set up and you have received some of one cryptocurrency to your Edge wallet, you are ready to exchange.
Start by tapping “Exchange” on the navigation bar. On the next page tap “Select Source Wallet” and choose the crypto you wish to switch from.
Repeat the same steps for the receiving wallet. Start by tapping “Select Receiving Wallet”.
Now you can enter how much you would like to exchange using either a value in cryptocurrency or fiat. The app will fill in the rest, including the amount of alternative asset you will be receiving.
When you are done with your selections tap “Next”. You’ll have one last chance to confirm. Slide left to initiate the exchange.
If you’re looking for an easy to use, quick to set up, mobile wallet that supports multiple cryptocurrencies and tokens, then Edge could be a great choice for you.
When comparing edge to other mobile wallet options, you’ll quickly realize edge supports far more cryptocurrencies than most of its competitors including all ERC-20 tokens. It also supports popular coins like Monero and Ripple, which are rarely supported by multi-cryptocurrency wallets.
Lastly, Edge offers a fantastic user experience, including the ability to exchange cryptocurrencies directly from the app.
Edge Wallet Review
Edge is our choice for the best iOS and Android wallet.
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