Updated: 7 february 2024
10 minutes

Welcome to the Tokize Edge Wallet review, one of many crypto wallet reviews on our website. Let’s start by covering the basics.

What is Edge Wallet?

Edge Wallet online is a mobile application offering online wallet services. As such, the wallet is primarily designed for Android and iOS users. Since its launch in San Diego, USA, the crypto wallet has gained popularity among cryptocurrency investors and traders.

Edge Wallet supports most cryptocurrencies in trend, including Bitcoin and Ethereum. It also provides advanced security features such as password protection, private wallet backup, and 2FA verification (two-factor authentication).

The design of Edge Wallet shines with its user-friendliness and ease of use, making it a boon for cryptocurrency beginners. The mobile app allows the purchase of digital assets directly from its interface. Additionally, Edge Wallet offers a unique feature called “Edge Login,” allowing users to access various cryptocurrency services and applications using the same login credentials used for wallet access.

This option eliminates the need to create and remember multiple user accounts. As the Edge Wallet mobile app operates directly online, it does not require a significant investment. Moreover, transaction fees generally remain more affordable than a physical wallet.

Edge Wallet logo

What type of wallet is Edge Wallet?

When it comes to crypto wallets, two main categories dominate the sector: cold wallets and hot wallets. 

  • Cold wallets, also known as hardware wallets, are physical tools designed to secure private keys, the means to access your cryptos, offline. They are termed “cold” because they do not store this data online, generally offering better security compared to hot wallets. Cold wallets also have the advantage of supporting a greater number of cryptocurrencies.
  • Hot wallets are often available as applications and web extensions. They are more straightforward to use but sacrifice some security compared to cold wallets. The main advantage of these devices lies in the easy access to various DeFi protocols.

Edge Wallet isn’t called Edge cold wallet, as Edge is a hot wallet, that is, a software cryptocurrency wallet, a hot wallet, or an online wallet. This means that the wallet is hosted on a device connected to the internet, such as a smartphone or tablet. Additionally, private keys are stored within the application itself. While hot wallets are convenient to use, they may be less secure than offline wallets.

However, Edge hot wallet takes many security measures to protect user funds, and experts consider the online wallet reliable so far. The company has stated that it has no plans to establish a web interface to ensure the ongoing protection of client assets against increasingly common account attacks on web platforms.

Indeed, Edge remains primarily a non-custodial wallet, offering users complete control over their keys.

What cryptocurrencies can be stored on Edge Wallet?

Despite its solid reputation as a Bitcoin wallet, Edge crypto wallet supports approximately 130 different digital assets. Users can engage in the purchase, sale, exchange, and storage of various cryptocurrencies, including:

Edge hot wallet receives regular updates to introduce new cryptocurrencies and recent features for users. The mobile app developers collaborate closely with cryptocurrency communities to ensure compatibility with the latest blockchain versions and innovations.

To facilitate the purchase and exchange of digital assets directly within its application, Edge Wallet collaborates with third-party crypto exchanges such as Changelly and ShapeShift. By facilitating the exchange of native tokens on its platform, Edge Wallet is compatible with blockchain technologies such as Bitcoin, Ethereum, Litecoin, Ripple, Dash, and many others.

Edge Wallet

  • User-friendly interface
  • Multi-asset support
  • Client-side encryption

Which countries is Edge Wallet available in?

Edge Wallet online is an inclusive wallet, as demonstrated by its diverse international user base. Since the start of its operations, Edge crypto wallet has accumulated more than 3.3 million user accounts created.

Edge Wallet app webpage

The crypto wallet supports 10 foreign languages, providing availability in 179 countries (from Afghanistan to Zimbabwe). In general, the wallet is accessible in most countries where cryptocurrency is legal and regulated.

However, local regulations may impact the application’s availability, as many jurisdictions have strict laws regarding the possession and transactions of cryptocurrency. Users can check the availability of the Edge Wallet application in their country by creating an account.

The application will then inform the user if they are eligible to use the wallet and all its features in their jurisdiction.

Is Edge Hardware Wallet compatible with other hardware wallets?

Edge hardware wallet is compatible with the majority of the best hardware wallets on the market. Users can connect their Edge Wallet to devices such as the Ledger Nano S and the Trezor to enhance the security of their cryptocurrency storage.

This feature is particularly useful for users seeking to maximize the security of their assets by using a hardware wallet to store their private keys. Hardware wallets are considered one of the safest options for holding large amounts of cryptocurrencies.

By using a hardware wallet with Edge Wallet online, users strengthen security while retaining the flexibility of the mobile wallet. However, it is important to note that not all cryptocurrencies supported by Edge Wallet are necessarily accessible from all hardware wallets. Users should check the compatibility between their Edge Wallet and their hardware wallet before transferring funds.

Edge Wallet: Key Features

Edge Wallet online is a cryptocurrency wallet offering various unique services for users. Here are some of the features available on Edge crypto wallet.

Integrated Exchange

Edge hot wallet features an integrated crypto exchange. Consequently, users do not have to leave the wallet to buy, sell, or exchange cryptocurrencies.

Users can trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, and more without leaving the platform. This saves time and eliminates unnecessary transaction fees.

Support for Fiat Purchases

The Edge crypto wallet application not only allows users to store, buy, and sell cryptos within the application but also enables the purchase of cryptos using fiat currencies through bank transfers to the wallet or with a credit card.

Bluetooth Transactions

The Edge crypto wallet application supports Bluetooth Low Energy (BLE), meaning users do not need to be online to initiate a transaction. BLE allows users to send cryptocurrencies to others via Bluetooth.

Address Book

Edge crypto wallet aims to eliminate the risk of sending funds to the wrong wallet by introducing the integrated address book feature in the application. Users can record the address, name, and photo of a crypto recipient for easy access when sending digital coins.

Multi-Currency Storage

Edge hot wallet supports a large number of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, and more. This allows users to store different cryptocurrencies in a single wallet.

Versatile Mobile Application

Edge Wallet online is a highly versatile mobile wallet application. It is available not only for popular smartphone operating systems Android and iOS but also for Windows phones.

Enhanced Security

Edge crypto wallet uses advanced security technology to protect user digital assets. Private keys are stored locally on the user’s device and are protected by a PIN code or fingerprint. Edge Wallet also employs bank-level security for transfers, making transactions safer and faster.

User-Friendly Interface

Edge crypto wallet has an intuitive and easy-to-use user interface, making it an excellent choice for cryptocurrency beginners. Users can easily add cryptocurrency assets, perform transactions, and view their transaction history from the simplified wallet interface.

Cryptocurrency Purchases

Edge Wallet online allows users to purchase cryptocurrencies directly from the mobile application using a credit or debit card. Users can exchange popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin with great ease.

Integration with Hardware Wallets

Edge hot wallet is compatible with hardware wallets such as the Ledger Nano S and Trezor. Users can connect their Edge crypto wallet to a hardware wallet to enhance the security of their cryptocurrency assets.

Support for Multiple Languages

Downloading Edge Wallet means opting for an application available in multiple languages, making the wallet accessible to a global audience. Users can select their preferred language from the application settings.

Edge Walle t features on web page

In summary, Edge hot wallet is a mobile application with useful features for better management of cryptocurrencies. Notable features include multi-currency storage, enhanced security, a user-friendly interface, cryptocurrency purchase and exchange, integration with hardware wallets, and support for multiple languages. These features make it an excellent choice for both beginners and experienced cryptocurrency users.

Edge Wallet

  • User-friendly interface
  • Multi-asset support
  • Client-side encryption

What are the fees for Edge Wallet?

Like most of its competitors, installing the Edge Wallet app is entirely free. The Edge Wallet stands out for the absence of additional fees to store users’ cryptocurrencies.

Furthermore, choosing Edge crypto wallet becomes particularly interesting when cryptocurrency holders are focused on storage without directly trading on the mobile application. It is a practical and free solution for novice investors.

However, like all reliable wallets on the market, Edge Wallet also charges fees on transactions to ensure quality services for its clients. The Edge crypto wallet only imposes fees in the context of buying, selling, and exchanging cryptocurrencies directly within its application.

To maximize fee reduction, it is recommended to combine Edge Wallet with a trading site where commissions are minimal. Overall, Edge Wallet online has competitive fees for cryptocurrency transactions made from its wallet.

Transaction fees are generally calculated based on the transaction size and the congestion of the chosen cryptocurrency’s network. Additionally, Edge crypto wallet applies fixed fees for purchasing cryptocurrencies via the application.

The commissions also depend on the purchased currency and can be directly viewed in the application. For example, transaction fees for Bitcoin can vary from a few cents to several dollars depending on the transaction size and network status.

It is important to note that transaction fees are not specific to Edge hot wallet. So far, the crypto wallet offers competitive fees to ensure that transactions are processed quickly and securely on the corresponding cryptocurrency networks.

Furthermore, Edge fees are clearly indicated in the application, allowing users to know exactly what they are paying when conducting transactions.

Is Edge Wallet a secure wallet?

Edge Wallet is a secure cryptocurrency wallet that offers several features to protect user funds. The application is built in a decentralized manner, ensuring that no third-party company has access to your funds or account information. Even Edge does not have access to this data.

Edge Wallet security features ad

Instead, private keys, public addresses, and transaction histories are created locally on your device. These data are then encrypted and stored on peer-to-peer cloud servers. Even if the company ceases to exist or its servers fail, you can still access your funds. This adds a significant layer of trust in an industry where companies and exchanges can sometimes disappear, taking investors’ funds with them.

The wallet uses a combination of technologies to ensure the security of its platform:

  • Stored Private Key: It is stored locally on the user’s device and is never sent over the network, making it more challenging to hack.
  • Two-Factor Authentication (2FA): Users must enter a code generated by a third-party app to access their account, making it more difficult for accounts to be accessed through hacking even if the password is disclosed.
  • Encryption: Edge crypto wallet encrypts all wallet data on the user’s device, ensuring that even if the device is stolen or compromised, funds remain secure.
  • Recovery Phrase Backup: Edge Wallet crypto generates a 12-word recovery phrase during wallet setup, which can be used to restore the wallet in case of device loss or technical issues.

Furthermore, Edge Wallet online also uses advanced security protocols to protect transactions, such as BIP32, BIP39, BIP44, and BIP47, providing additional protection for your funds.

For which user profile is Edge Wallet most suitable?

Edge hot wallet is a wallet suitable for a wide range of users, from beginners to cryptocurrency experts. However, some user types may particularly benefit from the offerings of this wallet.

  • Beginners: Edge Wallet is easy to use and has a user-friendly interface that caters to beginners. It is also compatible with multiple cryptocurrencies, providing users access to a range of digital assets.
  • Nomadic Investors: Edge crypto wallet is a convenient option for travelers as it is available in several countries and allows the storage of various currencies. Additionally, it is accessible via the mobile app, facilitating transactions on the go.
  • Cryptocurrency Traders: Edge Wallet online offers advanced security and privacy features for daily professional trading. This includes the use of locally stored private keys and support for Tor for anonymous transactions.
  • Long-Term Investors: Edge crypto wallet offers a recovery phrase backup feature, allowing users to restore the wallet in case of device loss or technical issues. This is a significant advantage for investors employing long-term investment strategies like Dollar-Cost Averaging (DCA).

The advanced security features offered by the wallet make it an attractive option for those concerned about the security of their funds, while the user-friendly interface is suitable for cryptocurrency beginners.

How good is the customer service?

Edge Wallet online has a responsive and competent customer service that is available to assist users in case of issues or questions regarding wallet usage.

Edge Wallet customer service can be accessed via email, through the contact form on their website, by phone, and through their Twitter account. Users can also find answers to their questions in the FAQ section of the website, covering common issues such as account recovery and wallet troubleshooting.

However, the platform also aims to better educate beginners about its services and cryptocurrencies in general.

User feedback on Edge Wallet customer service is generally positive. Users on the App Store have reported that customer service responds quickly and accurately to their issues. Additionally, Edge crypto wallet has an active presence on social media, allowing users to communicate with the wallet quickly and easily.

Edge Wallet customer services on website

EdgeWallet also has an active community on Reddit, where users can ask questions and share experiences with other users. Community members are often quick to assist others when needed.

Ultimately, Edge crypto wallet’s customer service is a significant asset for users of this wallet. With prompt responses and competent assistance, users can be assured that they will be supported when needed.

Edge Wallet: Our Final Take

In summary, our opinion on Edge Wallet is generally positive. While the quality and interface of the crypto wallet are appreciated, some elements slightly tarnish its image.

Using the wallet becomes particularly interesting if you are looking for a secure mobile application mainly for buying, storing, exchanging, and selling your digital assets.

It is also a convenient tool for savvy investors aiming to diversify their cryptocurrency holdings. However, Edge crypto wallet is an online wallet, and its security system remains limited compared to cold wallets that are offline.

The Edge Wallet app for mobiles is not entirely immune to potential cyberattacks. Additionally, the fees of the Edge Wallet application remain relatively in line with the commissions of its competitors if you use all the features of the Edge crypto wallet.

Therefore, it becomes challenging for beginner investors to find real added value. However, as with any cryptocurrency wallet, security largely depends on the security of the device on which the wallet is installed.

It is crucial for users to protect their device with a secure password and avoid malicious software that could compromise the wallet’s security.

Edge Wallet

  • User-friendly interface
  • Multi-asset support
  • Client-side encryption

What we like

Support for over 130 cryptocurrencies

User-friendly platform for beginners

Advanced features for experienced investors

What we don't like

Less secure than a cold wallet

Wallet only designed for mobile devices

Key FAQs about Edge Wallet

What is Edge Login?

Edge Login allows you to perform a single sign-on to various blockchain applications. A user-controlled Edge account provides private and secure access to current decentralized applications. This is the first single authentication that eliminates the need for manual backup and management, which is often prone to crypto key errors.

What to do if you forget your Edge Wallet account ID and/or password?

Edge cannot access accounts and does not retain information about its users. In case of a forgotten ID or password, you can still access the account via the 4-digit PIN code or fingerprint login. Then, you can reset the password. However, this method only works if you have not uninstalled or removed Edge hot wallet from your mobile device.

What happens in case of hacking of Edge Wallet servers?

All Edge accounts benefit from on-device encryption before being backed up on Edge servers. Malicious individuals cannot access accounts or funds even in the event of hacking of Edge servers.

How long does it take for the exchange to send tokens to the Edge Wallet online account?

The time to receive purchased cryptocurrencies can range from a few minutes to a few hours. Factors that could negatively influence this duration include network traffic, the confirmation time required for the initial transaction, and the liquidity of the exchanged crypto. If an exchange transaction takes more than 24 hours, please contact the exchange partner directly or seek assistance from the Edge Wallet support team via the email address [email protected].

About the author

Sam Town

A writer from the north of England, I've been fascinated by all things cryptocurrency since the early days of Bitcoin. I've written countless articles in the crypto space over the years, contributing to various websites in the process. I'm always reading and forever following the trends and expanding my knowledge so that I always have more to share!