Introduction: When it comes to safeguarding your valuable digital assets, selecting the perfect cryptocurrency wallet becomes a paramount decision. Brace yourself as we dive deep into the realms of Exodus vs Edge Wallet, pitting them against each other in an epic battle across numerous aspects. From the range of supported blockchains and cryptocurrencies to the innovative features, hardware wallet support, ironclad security measures, and beyond!
Exodus Wallet and Edge Wallet are two popular cryptocurrency storage and management solutions with their own unique features and offerings. In this comparison, we will explore the key aspects of each wallet to help you make an informed decision.
Exodus Wallet, founded in 2015 has quickly gained popularity and now boasts over 2 million users. With a team of over 300 employees, Exodus regularly releases new products and features to enhance the user experience.
The wallet is available as a desktop application, mobile app, and browser extension, ensuring users can access their assets from a variety of platforms. One of the distinguishing features of Exodus is its support for 100s of digital assets like Bitcoin (BTC), Ethereum (ETH) and many others.
Users can store, manage, and exchange their cryptocurrencies seamlessly using this non-custodial wallet. Additionally, Exodus offers compatibility with hardware wallets like Trezor, providing users with an extra layer of security.
Edge Wallet was founded in 2014 as Airbitz before rebranding to Edge Wallet. With a team of 25 employees, Edge Wallet focuses on delivering a high level of security and privacy to its users.
The wallet is available exclusively as a mobile app, supporting both Android and iOS devices. Edge Wallet offers a user-friendly interface, allowing users to buy, sell, and trade a variety of cryptocurrencies.
With integration with multiple exchange partners, users have a wide array of payment methods to choose from. The wallet encrypts all user data, ensuring robust security for transactions and sensitive information.
While both Exodus Wallet and Edge Wallet provide secure storage and management for cryptocurrencies, they differ in terms of platform compatibility and feature offerings. Exodus supports desktop, mobile, and browser platforms, while Edge Wallet is limited to mobile devices.
Additionally, Exodus offers a broader range of digital asset support, while Edge Wallet currently only offers a limited range of 130 cryptocurrencies.
Exodus vs Edge Wallet User Experience
One of the main advantages of Exodus is its seamless integration across multiple devices. Users can create a wallet that can be accessed on their desktop, mobile, and browser.
This allows for a consistent user experience and the ability to manage their assets on the go. The wallet is also well-designed and easy to navigate, with a range of features to cater to both beginner and advanced users.
It supports a wide range of blockchains and cryptocurrencies, making it versatile for users with diverse investment portfolios.
Additionally, Exodus Wallet offers features such as swap functionality, staking, and the ability to buy crypto with fiat, providing users with a comprehensive toolkit for managing their digital assets.
On the other hand, Edge Wallet is a mobile-only wallet that focuses on providing a non-custodial and private experience for its users. The wallet offers features such as client-side encryption, automatic account backup, and 2FA, ensuring that user funds remain secure.
Edge Wallet supports a variety of blockchains, including Bitcoin, Ethereum, Solana, Avalanche, and Polkadot among others. However, it does not offer support for blockchain ecosystems such as Cosmos which is disappointing.
The wallet's user interface is intuitive and user-friendly, with support for over 10 languages, making it accessible to a wide range of users.
However, one downside is that Edge Wallet lacks support for innovative features and does not offer a desktop or browser version, limiting its accessibility for users who prefer a multi-platform experience.
In terms of compatibility, both Exodus Wallet and Edge Wallet have their strengths. Exodus Wallet is compatible with Windows, Mac, and Linux operating systems, while also offering support for Trezor hardware wallets.
Edge Wallet is only available on mobile devices, which may be a downside for users who prefer the convenience of accessing their wallet on a desktop or browser.
Exodus vs Edge Wallet Features
Starting with Exodus Wallet, this wallet offers a built-in exchange that allows users to easily swap between their cryptocurrencies.
It's important to note that when using the Exodus exchange, users must have the native token of each blockchain they are swapping in or from.
For example, if you want to exchange ETH or ERC-20 tokens, you must have some ETH in your wallet. While there is a transaction fee for this exchange service, the key benefits for users are privacy and convenience.
Exodus Wallet also offers users the ability to earn rewards on their assets through its staking service. Users can stake a variety of supported cryptocurrencies like Solana (SOL), Algorand (ALGO), Cosmos (ATOM), Cardano (ADA), Tezos (XTZ), Ontology (ONT), and VeChain (VET).
Additionally, users can earn interest by lending out their DAI via the compound finance integration. When it comes to NFTs, Exodus Wallet has an NFT Gallery that supports NFTs on leading blockchains like Ethereum, Solana, Algorand, Polygon, BNB, Cardano, Avalanche, and Fantom.
While the mobile and browser versions of the wallet offer support for all these blockchains, the desktop version is limited to Ethereum, Solana, and Algorand. The NFT marketplace within Exodus Wallet allows users to buy, sell, and trade NFTs directly from their wallet.
On the other hand, Edge Wallet offers users an in-wallet exchange, but it may not be as intuitive as other options. The wallet supports over 130 digital assets, including popular cryptocurrencies like BTC, ETH, AVAX, SOL, LTC, MATIC, BNB, BCH, and DOGE.
However, users should be aware that the exchange services within Edge Wallet come with hefty fees ranging from 0.5% to 2% for swaps. Edge Wallet also allows users to lend and borrow cryptocurrencies within the app through the Avee third-party integration.
However, it's worth noting that Edge Wallet does not offer support for many other DeFi app integrations or any support for NFTs. For users looking to buy and sell cryptocurrencies with fiat currencies, Edge Wallet provides support for users from 179 countries and Europeans can deposit EUR via SEPA transfers.
Exodus Wallet offers users an advanced level of security by storing private keys and transaction data locally on the user's device. With this approach, only the user has access to their funds and personal information, reducing the risk of external threats.
To further enhance security, Exodus uses a secure encryption system ensuring sensitive data remains protected. In the event of a system crash or other unfortunate circumstances, Exodus provides a built-in backup tool for easy wallet recovery.
The security measures employed by Exodus are backed by a team of world-class security experts. These experts, including top researchers from the renowned platform HackerOne, continuously collaborate to ensure top-tier security for users.
The company's commitment to security is also reflected in its adoption of the most current secure design principles, regular software updates to counter emerging threats, and a rigorous manual audit process.
Exodus Wallet leverages the strength of the community through open-source software and operates a coordinated vulnerability disclosure program in collaboration with HackerOne. Exodus also offers hardware support for users that have bought any of the Trezor Wallets.
Edge Wallet prioritizes user privacy and security through its zero-knowledge security architecture. The wallet ensures that no private data is required or stored by the company, as all data is encrypted client-side on the user's device before it reaches Edge's web servers.
This approach protects assets against server-side breaches and malware while giving users complete control over their cryptocurrency assets. In addition to local encryption, Edge Wallet automatically backs up encrypted account data, enabling users to restore their assets on a new device using their credentials.
The wallet's One-Touch 2-Factor Authentication (2FA) feature adds an extra layer of security by limiting login access to previously authenticated devices.
To address password recovery, Edge provides a thoughtful solution that allows users to reset their passwords using recovery questions and an associated email address.
Edge Wallet places a strong emphasis on user-friendly features without compromising security. The wallet aims to provide a seamless and intuitive experience for managing digital assets while ensuring that user privacy remains paramount.
Exodus vs Edge Wallet Conclusion
We have crowned Exodus Wallet as the clear winner in this comparison as it's a wallet that offers a greater variety of blockchains, cryptocurrencies and overall features compared to Edge Wallet.
Exodus also supports more platforms than Edge Wallet with support for mobile, browser and desktop support, while Edge Wallet only offers a mobile wallet. Exodus also offers support for hardware wallets such as Trezor which is great for additional security.
The user experience of Exodus Wallet is just overall better than Edge and the company also has a much bigger team that frequently ships upgrades that make their users lives better!
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.