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Edge Wallet vs ShapeShift

How Edge Wallet vs ShapeShift compare on our ratings, wallet specs, funding, pros and cons.

Edge Wallet3.7/5
VS
ShapeShift4.2/5
Feature
Edge WalletVisit
ShapeShiftVisit
Ratings
Our score3.7/54.2/5
User ratingNo reviews yetNo reviews yet
Security3.04.0
Ease of use4.04.0
Chain support4.04.5
Features3.54.0
Privacy4.54.5
Specs
KYC required No No
Wallet typeMobileMobile, Web
CustodySelf-custodialSelf-custodial
ChainsEthereum, Bitcoin, Solana, BNB Chain, Optimism, Polygon, Avalanche, TON, Tron, Base, OtherEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
PlatformsiOS, AndroidiOS, Android
Open source Yes Yes
Hardware wallet support No Yes
In-app swaps Yes Yes
StakingNot disclosed Yes
Buy crypto in app Yes Yes
WalletConnectNot disclosed Yes
Security featuresClient-side encryption, Zero-knowledge architecture, PIN login, Biometric login, Duress Mode, Two-factor authentication, Automatic cloud backupNot disclosed
Recovery without a seed phrase YesNot disclosed
Passkey login NoNot disclosed
Swap feeNot disclosed0%
Perpetuals trading NoNot disclosed
Company
Founded20142014
HeadquartersUnited StatesSwitzerland
InvestorsNot disclosedEarlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
Strengths and weaknesses
Pros
  • Automatic cloud backups eliminate the need to write down manual seed phrases
  • Direct support for privacy-focused coins including Monero, Zcash, and Zano
  • Requires no personal identity verification
  • App client code is published under an open-source BSD-3-Clause license
  • Zero platform commission fees charged on decentralized trades
  • No identity verification or KYC required to swap or store funds
  • Covers more than 10,000 assets across 48 native blockchains
  • Direct hardware wallet connectivity for Ledger and Tangem devices
Cons
  • No desktop application or browser extension is available
  • Does not connect to hardware wallets like Ledger or Trezor
  • A 2023 incident compromised roughly 2,000 keys via unencrypted local disk logs
  • Third-party routing protocols and automated market makers impose variable swap fees and spreads
  • Cross-chain execution risks depend entirely on third-party bridge and DEX contract security
  • Users bear total responsibility for managing unassisted seed-phrase recovery
  • Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best forMobile users wanting seedless self-custody, Privacy coin holders using Monero and Zcash, Traders needing cross-chain mobile swapsKYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration users

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