How To Set Up Edge Crypto Wallet for Beginners
Looking to get started with crypto? Learn how you can setup a wallet in minutes with the Edge Crypto Wallet.
Investing in crypto is easier than you think. To get started with cryptocurrencies, you first need a place to store and access your crypto assets. Just like how you would store your fiat, or government-issued money in a wallet or bank, cryptocurrencies are stored in a crypto wallet.
In this article, we’ll be walking you through how to get started with crypto using the Edge Crypto Wallet, which is also known as a hot wallet that can grant you access to store, buy, and sell cryptocurrencies easily.
What is the Edge Crypto Wallet?
The Edge Crypto Wallet is a mobile cryptocurrency wallet that supports over 130+ different crypto assets including Bitcoin (BTC), Ethereum (ETH), and many others.
As prefaced above, the Edge Crypto Wallet is categorised as a hot wallet, meaning that it’s a software-based wallet that connects online to the internet to access its functions. It’s a great option for those just getting started with cryptocurrency.
Fun fact: As opposed to a hot wallet, a crypto cold wallet stores your digital assets securely offline in some type of small, usb-sized hardware device. Examples of cold wallets include Trezor and Ledger.
How do crypto wallets work? Learn more in our guide.
How to set up the Edge Crypto Wallet
Now that you’ve got the basics down, it’s time to set up your very own crypto wallet. Follow our walkthrough below to get started!
Step-by-step guide to set up the Edge Crypto Wallet
- Download the Edge Crypto Wallet on your mobile
The Edge Crypto Wallet is available to download directly from their official website.
Note: Be sure to download from the official app from the website according to your device.
The wallet does not require any customer information on signup. All data is encrypted and then stored on your device, if you download the Edge Crypto Wallet on different devices, they will be different wallets. - Create account
Proceed to create and setup your Edge account.
First choose a username and password, please note that this is the only way to access your wallet, be sure to safe your credentials.
Second, set a 4-digit PIN or use biometrics to add a layer of security. Lastly, remember to back up your wallet regularly. Be aware that if you were to change or lose access to your device, you will nee to use your username, password, and PIN to recover your wallet and assets stored inside.
More details on this step can be found on the official Edge website. - Be safe, follow best security practices
Make sure to follow best safety practices with your crypto wallet. This goes without saying, but keep your credentials safe and never share them publicly.
Check out our crypto wallet best security practices to learn more.
Additionally, you can also follow our video guide below on our YouTube channel:
How to send and receive crypto using Edge Crypto Wallet
Sending and receiving crypto assets is quick and easy with the Edge Wallet. Follow our step-by-step guide below for detailed instructions:
- Open the Edge Wallet.
- Search for the crypto asset you want to store.
- Select Receive (destination coin).
- Use the address or QR code provided. You can now past this address into the field at checkout, and we will send the crypto straight to your Edge Crypto Wallet!
Takeaways
The Edge Wallet is one of many cryptocurrency storage options available out there. And as we mentioned before, it’s a hot wallet that is available only on mobile at the time of this writing.
It’s also worth mentioning that the Edge Wallet is a non-custodial wallet, meaning that you are entrusting your assets to the service provider (custodial), as opposed to a custodial wallet where you hold the sole access to your crypto assets.
What’s the difference? Read our comparison guide on custodial and non-custodial wallets.
With that said, if you have any questions about Edge Wallet, check out their knowledge base or get in touch with Easy Crypto’s friendly support team!
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated August 29, 2022
