Edge Wallet vs Trust Wallet: Which Is The Best Crypto Wallet?
9 min read
Introduction: In the world of cryptocurrencies, securing your digital assets is paramount. That's why we are here to present you with a comprehensive comparison between Edge Wallet vs Trust Wallet. By delving into essential aspects such as supported blockchains and cryptocurrencies, unique features, hardware wallet compatibility, security measures, and more, we aim to empower you in making decision about the perfect wallet for your crypto needs!
Edge Wallet is a mobile-only cryptocurrency wallet that was founded in 2014 as Airbitz. The wallet is headquartered in San Diego, California and has a team of 25 employees.
Edge wallet aims to provide users with a high level of security and privacy when it comes to buying, selling, and trading cryptocurrencies.
The wallet supports the leading cryptocurrencies, offering a large selection of assets for users to trade. With over a dozen integrated exchange partners, users can also buy and sell crypto from dozens of payment methods in hundreds of countries.
The Edge mobile app encrypts all user data to ensure maximum security. The Edge Wallet is only available for mobile on Android and IOS platforms. The wallet has received over 1 million downloads across both platforms, with a 3.4-star rating based on 5,000 reviews.
However, it's worth noting that Edge Wallet does not support browser or desktop wallets. So, if you prefer to have access to your cryptocurrencies on a web or desktop platform, you would need to look elsewhere for a wallet that meets your needs.
Trust Wallet was founded in 2017 by Ukrainian entrepreneur Viktor Radchenko. It quickly captured the attention of Binance, who acquired the company behind the wallet in 2018. The wallet is based in San Francisco and has grown to a team of over 220 employees distributed around the world.
Trust Wallet is an open-source non-custodial wallet that allows users to maintain full control of their private keys and funds. One of the key features of Trust Wallet is its wide-ranging support for different blockchains. The wallet supports over 70 blockchains and more than 10 million digital assets.
This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Bitcoin Cash (BCH), and many others. Trust Wallet also supports ERC-20 tokens and is compatible with popular decentralized finance (DeFi) platforms.
Trust Wallet has grown into one of the fastest-growing wallets in the world, with an astonishing 60 million users across their mobile and browser wallets. The wallet has over 10 million downloads, featuring an excellent 4.5-star rating based on 1.7 million reviews.
On Chrome browsers, Trust Wallet has accumulated over 500,000 downloads with a 4-star rating based on over 500 reviews.
Edge Wallet vs Trust Wallet User Experience
Trust Wallet and Edge Wallet are two popular wallets in the crypto industry. Each wallet offers their own unique features and user experiences.
Trust Wallet, available for download on Android and iOS, is a non-custodial wallet that prioritizes user control and security. With its user-friendly interface and support for multiple blockchains, Trust Wallet is suitable for both beginners and experienced crypto enthusiasts.
However, one downside is that it is not available for desktop users. Trust Wallet supports Chrome, Brave, Opera, and the Edge Browser, providing users with a range of options.
On the other hand, Edge Wallet, while only available on mobile, offers a secure and private experience for users. With its client-side encryption and automatic backup, users can rest assured that their funds are protected.
The wallet supports popular blockchains like Bitcoin and Ethereum, but unfortunately lacks support for ecosystems such as Cosmos. It also does not offer any innovative features, potentially making it less attractive to users seeking more advanced functionalities.
Moving on to compatibility, Trust Wallet can be accessed on Chrome, Brave, Opera, and the Edge Browser, whereas Edge Wallet is only available on mobile devices. This is a drawback for Edge Wallet as some users might prefer to have access to their wallet through a browser or desktop application.
Edge Wallet, on the other hand, offers a simple and secure experience with its client-side encryption and automatic backup.
When it comes to supported cryptocurrencies, Trust Wallet is compatible with a wide range of blockchains, providing users with multiple options for storing and managing their digital assets. Edge Wallet, on the other hand, supports popular blockchains like Bitcoin and Ethereum, but falls short in terms of supporting some emerging ecosystems.
In summary, Trust Wallet and Edge Wallet both have their strengths and weaknesses. Trust Wallet excels in its usability and wide range of supported blockchains, making it a suitable choice for beginners and experienced users alike.
Edge Wallet, while only available on mobile devices, offers a secure and private experience but lacks some advanced features and support for certain blockchains. Ultimately, the choice between the two wallets will depend on the individual user's preferences and needs.
Edge Wallet vs Trust Wallet Features
Edge Wallet offers users over 130 digital assets, including popular cryptocurrencies like BTC, ETH, AVAX, SOL, LTC, MATIC, BNB, BCH, and DOGE. The wallet also features an in-wallet exchange, allowing users to easily swap between their assets.
It's important to note that the exchange services come with a fee ranging from 0.5% to 2% for making swaps. Edge Wallet also supports lending and borrowing through the Avee integration, giving users the opportunity to participate in DeFi protocols.
However, Edge Wallet does not offer support for many other DeFi app integrations nor any support for NFTs. Another drawback is that the fees for buying and selling cryptocurrencies with fiat currencies are relatively high, ranging from 1.5% to 7% depending on the payment method and region.
Trust Wallet offers a wide range of products and services within the wallet. The wallet supports swaps through various third-party DeFi integrations like Thorchain, Kyber Network, and 1inch, giving users access to liquidity and competitive pricing.
Trust Wallet charges a 1% swap fee in addition to any third-party exchange fees incurred. The wallet also features a built-in web3 browser. This allows users to directly access decentralized applications from their mobile app.
It also supports NFTs on several blockchains, including Ethereum, Solana, and Polygon, allowing users to store, manage, and transfer their NFTs. Additionally, Trust Wallet offers staking support for over 20 cryptocurrencies, giving users the opportunity to earn yield on their digital assets.
Trust Wallet has integrated with Binance Pay and Coinbase Pay for users to easily buy cryptocurrencies with fiat currencies and their card.
Trust Wallet even offers a Koinly integration for users needing help with tax reporting.
In comparing the two wallets, Edge Wallet stands out for its extensive list of supported cryptocurrencies, making it a versatile option for users with diverse holdings. The in-wallet exchange also provides convenience, although users should be aware of the associated fees.
However, Edge Wallet falls short in terms of DeFi app integrations and NFT support. On the other hand, Trust Wallet offers a more comprehensive range of features, including swaps, staking, NFT support, and a built-in web3 browser. The wallet's integration with various third-party DeFi services and payment providers makes it a well-rounded option for users.
Edge Wallet and Trust Wallet are both non-custodial wallet options that prioritize user privacy and security. Let's take a closer look at each wallet and compare their features.
Edge Wallet: Edge Wallet is known for its zero-knowledge security architecture. The company does not require or possess any of the user's private data. This means that all data is encrypted client-side, directly on the user's device, before it reaches Edge's web servers.
This approach safeguards assets against server-side breaches and malware, giving users complete control over their cryptocurrency assets.
In addition to that, Edge Wallet automatically backs up encrypted account data, allowing users to restore their assets on a new device using their credentials if they lose or compromise their device.
The wallet also offers One-Touch 2-Factor Authentication (2FA), limiting login access to previously authenticated devices. Lastly, Edge provides a password recovery option, enabling users to reset their passwords using recovery questions and an associated email address.
Trust Wallet: Trust Wallet, like Edge Wallet, is a non-custodial wallet that stores private keys in a decentralized manner across millions of devices. This approach adds an extra layer of security since users are responsible for safeguarding their assets by creating a strong password and storing their seed phrase in a safe location.
Trust Wallet also offers two-factor authentication (2FA), robust backup solutions for private key recovery, and data encryption. For mobile device users, Trust Wallet provides added security features such as Face or Touch ID. This ensures that only the authorized user can access the wallet, making the assets directly connected to their person. Additionally, Trust Wallet conducts regular audits by Stateful and offers bug bounties of up to $100,000 to hackers who identify security issues.
Comparing the two Wallets,both Edge Wallet and Trust Wallet prioritize user privacy and security through their non-custodial designs. They store private keys in a decentralized manner and offer encryption to protect user data. However, there are some differences between the two wallets. Edge Wallet's zero-knowledge security architecture ensures that the company never has access to the user's private data. This approach provides an additional layer of protection against server-side breaches and malware. On the other hand, Trust Wallet offers added security features such as biometric authentication, which enhances the ease of use while maintaining security. In terms of backup options, both wallets provide solutions. Edge Wallet automatically backs up encrypted account data, allowing users to restore their assets on a new device.
Edge Wallet vs Trust Wallet Conclusion
In conclusion, when it comes to support for cryptocurrencies, blockchains, and features, each wallet has its own advantages.
First, the Atomic Wallet stands out with its support for over 300 cryptocurrencies and solid staking support. It also has a large user base of 5 million with great ratings, making it a popular choice among cryptocurrency enthusiasts. However, it does come with security risks disclosed by the least and is not available for browser use. Additionally, it does not offer any hardware wallet integration.
Brave Wallet, on the other hand, offers a safer option than extension wallets and is a convenient in-browser wallet. It also has support for Ledger & Trezor and is open source. However, it is only available via the Brave browser, which limits its functionality and user experience. It is also considered expensive to buy cryptocurrency with fiat and does not offer staking support.
Coinbase Wallet has a nice and clean interface and supports thousands of cryptocurrencies. It also has integrated DeFi functionality and can be linked to a Coinbase account. However, it only supports EVM & Solana and has limited functionality and no staking support.
Trust Wallet boasts a significant user base of 25 million with great ratings. It supports 65 blockchains and thousands of cryptocurrencies, making it a versatile choice. It is available on desktop, mobile, and browser platforms, although its limited staking options and trading functionality could be improved.
MetaMask is a well-known wallet with over 30 million users. It supports all EVM-based blockchains and has a strong open-source community. It also offers support for five hardware wallets. However, it has an average user experience, only supports EVM-based blockchains, and has a slow development pipeline.
Exodus Wallet supports over 260 cryptocurrencies and has a solid team that ships features. It is available on desktop, browser, and app platforms. However, it is slow on new blockchain integrations.
Coinomi Wallet supports over 1,700 cryptocurrencies and more than 120 blockchains. It allows users to buy crypto with fiat and offers desktop and app wallets. However, it does not support Solana & Cosmos, nor available on the browser - user experience could be better. It also does not offer any hardware wallet integration.
Bitkeep Wallet has a modern design and great user experience. It supports 90 blockchains and over 200,000 cryptocurrencies.
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.