Edge Wallet – An Easy to Follow Guide for New Users

Wallet Reviews / 21.11.2020

The Edge wallet is a decentralized mobile crypto wallet that expands on the functionality of its competitors. Edge was built to provide one app for all of your crypto assets. To this extent, the developers succeeded in creating a safe, secure, and user-friendly alternative to the status quo.

The Edge Wallet makes it easy for anyone to manage digital assets, regardless of their technical understanding. Users can buy, sell, and trade dozens of digital currencies directly from the wallet’s interactive interface. The platform continues to improve its protocols, coin selection, and security in ways that make it an ideal selection for both new and experienced cryptocurrency users.

Benefits of Edge Wallet

There are many benefits one can gain from using the Edge wallet as their premier Bitcoin solution. For one, Edge is a very reliable cryptocurrency wallet. The platform is packed with new and unique features to keep you entertained and engaged in the market. Here are some of the top features to look out for when using the Edge Wallet.

Convenient

New users need a convenient alternative. Edge provides this with a clean, user-first interface that simplifies the most common crypto functions. This interface includes all the basic functions you would expect and some new ones to make your crypto journey easier. 

For example, the interface lists a directory of Bitcoin-friendly businesses that are near you. Additionally, the system will display a message on the app as soon as someone sends you funds to notify you. In this way, users can seamlessly shift between digital assets on the go.  

Multi-Asset Support

Edge was built for the average crypto user. You can easily save all of your favorite coins, such as Bitcoin, Ethereum, and many others. Multi-currency wallets are more convenient for new users because they eliminate the confusion of shifting through various platforms to glance at your balance or send funds.

Security

Edge developers didn’t slack on the platform’s security protocols. The Dapp features client-side encryption to encrypt all of your private data. Impressively, the system automatically encrypts and backs up your actions. Best of all, the platform is designed to function even if the Edge servers go down.

No Seeds

Edge does away with the normal security model to introduce a proprietary system to the market. The platform eliminates the normal backup seed phrase. Instead, users choose a name and password. This maneuver was geared to provide new users with better UX.

Importantly, it would help if you secured your name and password. If someone gains access to this information, they will have everything they need to drain your funds. The best way to limit this risk is through 2-factor authorization. 2-factor authorization is a system that texts your mobile device with a temporary code. This code must be entered into the wallet via a time-sensitive portal. Consequently, 2-factor authorization is one of the best ways to avoid unauthorized withdrawals from your account. 

Privacy

Edge provides users with true financial autonomy. The platform is completely private, with no user data or personal information being transferred to the company’s servers. This strategy ensures that users are completely anonymous. You don’t even need an email address to sign up for the wallet. 

Development Community

Unlike the competition, Edge continues to push for additional developer support. The platform recently added to its services a security platform that allows developers to build secure apps using the network. This shift towards developers is part of the reason the platform decided to rebrand.

How the Edge Wallet Works

Edge combines a friendly user experience with high-tech security. Here’s how the Edge Wallet can give investors more flexibility in the market.

Edge login

Edge introduces the first zero-knowledge single sign-on solution. This system allows you to verify ownership of your wallet without revealing any information that could compromise your privacy in any way.

Trade ERC-20

Another huge advantage of Edge is its ERC-20 support. The ERC-20 community is the largest altcoin community in the market. There are over 200,000 ERC-20 tokens in the market at this time. Investors can rest assured, knowing that Edge has the capabilities to secure and store any ERC-20 token available.

Fiat Onramp

Edge is one of only a few wallets that support fiat-to-crypto conversions. You can buy Ethereum from your credit card or bank account directly from the interface with the click of a button. This feature saves you time and money. It also places Edge in an exclusive class of fiat capable mobile wallet options.

Fees

Wisely, Edge allows you to decide on your transaction fee. Notably, the higher you pay in fees, the quicker your transaction will complete. Also, Edge offers a fee suggestion based on your transaction to help you gauge how long your transaction will take. This dynamic approach to fees gives users more control over their finances when compared to the competition. 

History of the Edge Wallet

The Edge Wallet entered the market in 2014 under the name Airbitz. The wallet was founded by Scott Morgan, Paul Puey, Damian Cutillo, Tim Horton, and William Swanson. Originally, the network was designed as a Bitcoin merchant services alternative. However, the platform added support for regular users shortly after launch.   

Edge did a rebranding from its former name to its current title as part of its new strategy. The “Edge” title reflects the platform’s expansion of its client-side process. Currently, the firm is headquartered in San Diego, CA.   

How to Get the Edge Wallet

The Edge mobile wallet is available for free download on both Android and iOS operating systems. The download only takes a few seconds to complete. Once you are installed, you will need to provide an email and password to start using the platform. The entire process is quick and painless.

Take a Walk on the Edge

Now that you have a better understanding of the Edge Wallet, it’s easy to see what all the fuss is about. This easy-to-use option is one of the smartest ways for new users to keep their crypto secure and accessible when needed. You can expect Exodus to see continued support from the community as its functionalities expand in the future. For now, this is a great option for new users seeking a multicurrency wallet.

David Hamilton aka DavidtheWriter is a long time Bitcoinist and cryptocurrency journalist. Currently, he has over a thousand articles published on blockchain technology. His expertise and experience makes him one of the most reputable writers in the sector.