Though the Edge wallet is not a hardware wallet, it is still very secure and might just be one of the most secure mobile wallets there is. The Edge wallet was built with security as their foundation, rather than just another feature. The code is open source and has been vetted by top security experts from the Open Bitcoin Privacy Project. See below, some of the key aspects of the Edge wallet security
Client Side Encryption
What this means is, all your data is heavily encrypted on your device before it reaches the wallet’s servers. This allows the Edge wallet to be 100% resistant to server-side and malware hacks. This also means that only you have the knowledge and control of your account information. Your private and public keys are only accessible to you, giving you full control of your crypto assets. Also, Edge doesn’t know or have access to any of your personal identification information. Users benefit from full privacy, Edge does not require your email, phone number, ID, or any other personal information to create an account.
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Powerful Security Tools
Users secure their accounts with a password or PIN, just like any other wallet or account type service, but they can also further secure their accounts with two-factor authentication (2FA). The Edge wallet supports the popular Google 2FA method plus fingerprint/touch ID verification. Meaning even if someone were to get a hold of your username and password, they will not be able to access your account. Another security tool is the password recovery manager which is required to setup upon creating your password. All that’s required to set this up is an email address and two questions that only you know the answer to.
Upon reviewing all the Edge wallet security features and reviews of the open source code, we can confidently say that Edge is a very safe and secure mobile wallet. Even if Edge goes out of business and shuts down their service, your funds are still accessible because all of your data is encrypted on your device and you hold and control your private key.
The Edge wallet employs a zero-knowledge security architecture which means they do not gather or need any of your personal information. Edge users are kept completely anonymous, not even an email is required to create an account with Edge. The Edge wallet was even ranked by the Open Bitcoin Privacy Project as one of the most private and secure mobile wallets.
As the Edge wallet is one of the safest and most secure mobile wallets, it, of course, has a sophisticated backup feature. Edge features automated backups of the users’ encrypted data to their redundant peer to peer cloud servers. The automated backup service only backs up your data once it has been fully encrypted to protect the user’s information from server attacks. Edge cannot access your assets nor your personal information if something were to happen to your mobile device. Therefore, only you can restore your Edge wallet by downloading the Edge app on a new device and entering in your username and password. The user will then find their coins exactly as they left them.