Edge provides a self-custody cryptocurrency wallet that utilizes client-side encryption to ensure user privacy and security, allowing users to manage their digital assets with just a username and password. The platform enables seamless buying, selling, and trading of over 122 cryptocurrencies, addressing the complexity of managing multiple wallets and backup methods.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BFCPPPATHFounders
Product
Problem
Managing multiple cryptocurrency wallets and private keys can be complex and create usability challenges for users. Existing solutions often lack user-friendly backup and recovery mechanisms, potentially leading to loss of funds due to forgotten passwords or lost seed phrases.
Solution
Edge provides a self-custody cryptocurrency wallet that simplifies digital asset management through client-side encryption and a user-friendly interface. The platform allows users to buy, sell, store, and trade over 120 cryptocurrencies, secured by a username and password, eliminating the need for manual key backup. Edge employs a zero-knowledge architecture, ensuring that neither Edge nor any third party can access user funds or transaction data. The wallet also features one-touch 2-Factor Authentication and password recovery options.
Target Audience
The primary target audience includes both beginner and experienced cryptocurrency users who prioritize security, privacy, and ease of use in managing their digital assets.
Features
- Multi-asset support for Bitcoin, Ethereum, XRP, and over 120 other cryptocurrencies
- In-app exchange functionality for seamless trading between digital currencies
- Integrated buy and sell options for converting fiat money into cryptocurrency
- Client-side encryption to secure user data on the device before it reaches servers
- Automatic backups to redundant peer-to-peer cloud servers
- One-touch 2-Factor Authentication for enhanced security
- Password recovery feature to prevent loss of funds due to forgotten passwords
- Hierarchical Deterministic (HD) wallets that automatically change addresses per transaction for additional privacy
- Decentralized server architecture ensuring continued functionality even if Edge servers are offline