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Edge vs Wallet of Satoshi

Comparing
two wallets
Decided by
Editorial rating
Last reviewed
2026-08-26
Edge3.2

Open source mobile wallet that trades the seed phrase for a username and password, and published every detail of the one time it failed.

Wallet of Satoshi2.7Bitcoin-onlyWarning

The easiest Lightning wallet to start with, and a custodial one: the company holds your coins, and it has stopped offering that in the US and the EU.

Verdict: Edge

Edge rates higher on our rubric: 3.2 against 2.7 for Wallet of Satoshi.

Criterion
Editorial rating
Edge
3.2
Wallet of Satoshi
2.7

Edge and Wallet of Satoshi, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

Edge and Wallet of Satoshi compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactEdgeWallet of Satoshi
Editorial rating3.2 (favoured on this row)2.7
StatusAvailableCaution: see the review
Made byEdgeLiving Room of Satoshi Pty Ltd
PriceFree downloadFree download
Who holds the keysself-custodial, keys encrypted on your device under your password before any backup leaves itcustodial in its default mode, meaning the company holds the keys, with a separate self-custodial mode where you do
Bitcoin-onlyNoYes
Runs oniOS, AndroidiOS, Android
ScreenNot statedNot stated
ConnectivityNot statedNot stated
Released2014 as Airbitz, relaunched as EdgeThe custodial service left the US on November 23, 2023 and the European Union at the turn of 2026
Countries on the maker's listNo published listNo published list
Last reviewed2026-08-262026-08-25

Pros and cons, side by side

Edge

What works

  • The source is public at github.com/EdgeApp, and the same key management is sold to other developers as an SDK
  • Username and password login, so a beginner is never handed a seed phrase to lose on day one
  • Backups are encrypted on your device, so Edge holds a blob it cannot read rather than your keys
  • A signed APK is offered for Android, so you are not dependent on Google Play
  • Buying, selling, swapping, gift cards and mobile top-ups are all built in through named partners

What to watch

  • Your password is the single thing protecting the wallet, and passwords are the secret people reuse
  • The logging routine that leaked keys was committed in 2019 and went unnoticed until a user lost money in 2023
  • The 2023 logging bug wrote unencrypted private keys into logs uploaded to Edge's servers, which cost some users real money
  • Encrypted key blobs pass through Edge's infrastructure, unlike wallets that keep everything local
  • Mobile only, hot wallet, no hardware signing and no secure element

Wallet of Satoshi

What works

  • The fastest way onto Lightning there is: no channels, no liquidity management and no node to run
  • Free Lightning address that reads like an email, so anyone can pay you without scanning a code
  • Pays Lightning invoices and on-chain bitcoin addresses from the same box, detecting which you pasted
  • A self-custodial mode is offered everywhere, including in regions where the custodial one is not
  • No breach of its custodial infrastructure has been publicly reported

What to watch

  • Custodial in its default mode, so the company can freeze, lose or stop serving your balance
  • Left the US market on November 23, 2023 and has not announced a return
  • Withdrew the custodial service across the European Union at the turn of 2026, pushing EU users into self-custody
  • No published country list, so which mode you get is decided by the app rather than by a page you can read first
  • In-app buying runs through third-party partners whose country coverage changes without the wallet saying anything

Frequently asked questions

Is Edge or Wallet of Satoshi better?

Edge rates higher on our rubric: 3.2 against 2.7 for Wallet of Satoshi. The rating follows the product rubric published on our about page; the rows above set custody, price and platforms side by side so you can check it.

Are Edge and Wallet of Satoshi free?

Yes, both are free to download. What differs is who holds the keys: Edge is self-custodial, keys encrypted on your device under your password before any backup leaves it; Wallet of Satoshi is custodial in its default mode, meaning the company holds the keys, with a separate self-custodial mode where you do.

Is Edge or Wallet of Satoshi bitcoin-only?

Wallet of Satoshi is bitcoin-only; Edge supports other assets too. Bitcoin plus Ethereum, Litecoin, Monero, XRP, Dogecoin, Dash, Solana and more

Does Edge or Wallet of Satoshi carry a warning?

Wallet of Satoshi: Wallet of Satoshi pulled its app from US app stores and stopped serving US customers on November 23, 2023, then withdrew its custodial Lightning service across the European Union at the turn of 2026, as the MiCA transition periods and the DAC8 reporting rules closed in on custodial providers. EU users are offered the self-custodial mode instead. Wherever the custodial mode is still available, the company holds the keys, which is the risk to weigh before you put money in it.

The full reviews: Edge and Wallet of Satoshi, each with its sources, and every wallet we review.

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