1.2 k views

Edge Wallet – An Easy to Follow Guide for New Users

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

Bitcoin live price
Btc
Bitcoin
$27.941
price
0.89264%
price change
TRADE NOW

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.

Stay up to date with our latest articles

More posts

SMARDEX – A Platform with a New Solution to Defeat DeFi’s Impermanent Loss

The decentralized finance (DeFi) sector is rapidly growing but still faces significant challenges. For example, one of the biggest issues DeFi must address is Impermanent Loss (IL). This is a problem that can have serious consequences for liquidity providers. Today's review will examine how SMARDEX intends to solve the IL problem and end liquidity providers' unjust losses. We'll also look at all the services that SMARDEX offers and examine the project's tokenomics. What Is SMARDEX? SMARDEX is a project intending…

Grandma-Factory – Designing NFTs to Invest in the Luxury and Collectible Markets

Grandma-Factory is a DeFi platform enabling investors and NFT collectors to acquire digital collectibles backed by luxury products. The project is ripe for launching, with an imminent token pre-sale on the horizon. Its ultimate goal is to leverage blockchain technology to open the luxury asset class to everyone and help people avoid the world’s banking crisis. This Grandma-Factory review examines this new project empowering regular Joe's with luxury-backed digital collectibles. Read on to discover more about its features, tokenomics, and…

DEXPool – Unlocking New Opportunities with Autonomous Cross-Chain Liquidity Protocol

DEXPool is a new Autonomous Cross-Chain Liquidity Protocol that seeks to facilitate secure and efficient cross-chain liquidity. The team works to provide investors with an innovative solution for managing their crypto assets. In this article, we will explore how DEXPool works through its dashboard. We’ll look at the team’s recipe for success and how you can join the project in a few simple steps. An Autonomous Cross-Chain Liquidity Protocol DEXPool is a tool for DeFi users to easily provide liquidity…

Take Control of Your DeFi Investments: Introducing Octav – The Anonymous and Editable Wallet Dashboard

Octav is a free, anonymous, and editable data analytics platform that helps DeFi traders track their decentralized finance investments regardless of skill and experience. This portfolio tracker boasts a user's curated database providing users with in-depth information, including cost-basis, profit, loss, and more. However, its top feature is a user-editable dashboard enabling traders to make better-informed investment decisions. Most DeFi trackers, even after several years on the market, still need this essential function. A high-performance analytics platform rarely lands in…

Olympian INU – A New Arbitrum-Based Platform to Collect, Trade, and Stake NFTs

Olympian INU plans to allow web3 artists to access a platform to create and share art with collectors worldwide. Through its tokenomics, dynamic events, and roadmap for growth, Olympian INU aims to offer an exciting opportunity for creators and enthusiasts alike. In today's review, let us look at the project's features more closely. What Is Olympian INU? Olympian INU seeks to bring web3 artists to Arbitrum, creating a thriving NFT market for collectors and artists alike. By burning $OPI tokens…

Grove Token – The DeFi Ecosystem Building a Healthier and Wealthier Future

Grove Token is a decentralized, secure, digital finance-backed investment business. Through its digital currency, GroveCoin ($GRV), it aims to create wealth for all "Grovers" (holders) and help build a healthier, wealthier future for everyone. The project is building a far-reaching, environmentally-impacting green plan to overcome and compensate for the years of abuse that traditional crypto mining practices have had on our planet. This plan includes an Ethereum-forked, QBFT-Proof of Authority blockchain, DeFi products, a Metaverse, and sustainable future farming solutions.…

ArtHouse Spirits DAO – Where NFTs Have Real Luxury Asset-Backed Value

ArtHouse Spirits DAO (AHSD) is the world's first-ever closed community of high-net-worth individuals leveraging web3 technology to help its members earn and enjoy handpicked luxury assets. Becoming a member of this exclusive club is easy for NFT enthusiasts, collectors, spirits lovers, and anyone with a knack for top-echelon items. AHSD has 20,000 Membership NFTs for sale, which you can buy here. Each NFT gives exclusive access to the ArtHouse Spirits DAO, including rare benefits, physical perks, VIP events, voting rights,…

Do Not Buy Token Builds Safe Space where People Can Report on Crypto Fraud and Rate Projects

Do Not Buy Token (DNB) is an emerging crypto project seeking to increase transparency in the crypto world. Recently, it announced the imminent launch of Platform X, a new project aiming to bring all the information on crypto rugpulls, frauds, and scams in the same place. The platform will offer a safe venue for users to share their bad experiences with crypto projects, exchanges, and influencers. Platform X users can earn DNB Tokens for contributions like reviews and community discussions.…

TWTStake – Staking in TWT Token’s Decentralized Community Pool

Cryptocurrency staking is a rapidly growing industry, and TWTStake is one of the latest projects to enter the space. With its new crypto staking approach, TWTStake created a platform for users to stake their TWT tokens and earn rewards. From its staking model to its referral program, TWTStake offers users new ways to maximize their returns from TWT staking. This article will explore how TWTStake works and its roadmap for future developments. What Is TWTStake? TWTStake is a decentralized and…

DevourGO – The Secret Weapon of the Digital Foodie: The Industry No-Fee Delivery Pass

In the post-pandemic era, common real-world practices such as ordering food have crossed into the blockchain space, spurring a new type of consumer - the digital foodie. Devour is a Web3 company, and digital community, transforming something as common as food delivery into a blockchain-based experience with multiple earning opportunities. Its main product, DevourGO, is the first-to-market web3 food ordering & delivery marketplace jam-packed with perks and rewards for active users, restaurants, and more. The Industry is Devour’s digital No…