Microsoft is working on a non-custodial built-in Ethereum crypto wallet for Microsoft Edge to allow users to send and receive cryptocurrency and NFTs.
Public keys can be shared with others to receive payments, while private keys should be kept secret and can be used to authorize transactions when you want to spend your cryptocurrency.
Microsoft sleuth Albacore who first spotted the new Edge Crypto Wallettweetedsome screenshots and expressed his puzzlement about the possibility of it ending up as a new Microsoft Edge feature.
It is not yet rolling out to Insiders, and it's most likely only available to Microsoft Edge Dev Channel users as part of a very limited test phase.
"This is a non-custodial wallet, meaning you are in complete control of your funds. We will not have access to your password and recovery key. It is embedded in Edge, making it easy to use without installing any extension," Microsoft says during the onboarding process.
"As a tester, you will use your own funds. In the event of loss of funds, Microsoft will not reimburse any loss. This is a confidential project and no details should be shared externally."
BleepingComputer tested the new feature, and during onboarding, testers are asked to generate a password to secure their assets and a 12-word recovery phrase to recover their crypto wallet if they forget the password.
After finishing the onboarding process, the wallet generates an Ethereum address to allow users to receive funds through the Ethereum network.
"This alphanumeric address identifies your wallet and is used for transactions—like buying or receiving cryptocurrency. You can also use the QR code to share your public address," Microsoft says.
Like other cryptocurrency wallets, Microsoft Edge's Crypto Wallet supports multiple Ethereum accounts, allowing you to switch between them as needed.
Tested canset their default crypto wallet to the built-in Edge one or an Extension wallet, depending on how they want to manage their assets.
The Edge crypto wallet can also connect to decentralized apps (dApps) and has a news section to keep track of the latest developments in cryptocurrency.
Microsoft has partnered with Consensys to offer a built-in cryptocurrency swap feature between Ethereum, Dai Stablecoin, Uniswap, USD Coin, and Tether Coin.
Additionally, strings in the Edge Developer build show that Redmond might provide support for a Bitcoin wallet in the future.
"We encourage you to test our first Web3 wallet and provide candid feedback along the journey. As the first testers you have the unique opportunity to shape our foray into cryptocurrencies and NFTs," Redmond added.
Update March 17, 16:25 EDT: A Microsoft spokesperson provided the following statement when asked for more details:
At Microsoft, we regularly test new features to explore new experiences for our customers. We look forward to learning and collecting feedback from customers but have nothing further to share at this time.
FAQs
Screenshots revealed on Friday show Microsoft is running an 'internal beta test' of a native cryptocurrency wallet built into the Edge browser. So no extension needs to be installed. Screenshots shared on Twitter show the self custody wallet targets Ethereum and supports both fungible cryptocurrencies and NFTs.
Is Edge a safe crypto wallet? ›
With that in mind, the Edge is secure for a mobile Android/iOS wallet. Your private keys are stored on your own device and they use a hash of your username and password. The private keys, username and passwords are never shared with or stored on the Edge servers in any way.
How much does Edge charge for crypto wallet? ›
Edge charge a fee of 1% for buying. Sending cryptocurrencies fees are network fees distribted to miners not Edge.
What is wallet in Edge? ›
Wallet. Shopping convenience meets data security with Wallet – one place to store your payment methods, passwords, and more. With Wallet, you can also add notes to your passwords, access your Microsoft Rewards or Cashback balances, or use virtual cards for even more security when you shop online.
Who owns Edge wallet? ›
Paul Puey - Edge | LinkedIn.
Is Edge a security risk? ›
Data acquired and processed at the edge does not have the same level of physical protection as data stored in more centralized locations. Vital information can be jeopardized by the removal of disk drives from an edge resource or transferring data to a memory stick.
How do I cash out my edge wallet? ›
Sell Crypto Remotely for Cash
- Go to the main menu and Tap on “Sell Cryptocurrency”
- Select Your Region.
- Tap on the “Cash” option Powered by Bitaccess.
- Find a BTM location near you and tap on that location.
- Confirm your phone number.
- Select the asset you wish to sell.
Edge is a mobile wallet that makes holding and trading bitcoin simple, while also allowing users to send, receive, and trade additional digital currencies.
Is Edge wallet private? ›
Private By Default
Edge has a zero-knowledge security architecture meaning we don't need, nor do we want, any of your private information. Respecting your privacy is a core value in everything we engineer.
How secure is Microsoft Wallet? ›
Digital wallets offer a high level of security, sometimes more than traditional payment methods. The convenience they provide, in addition to their robust security measures, can make them a smart choice when used safely.
Bitcoin and the Airbitz wallet itself requires no name, email, phone number, or any other form of identification. When you buy through our application, Glidera sends your bitcoin straight to your Airbitz edge-secure wallet. It typically takes 3–5 business days to end up in your wallet.
Is the edge app legit? ›
Overall, the Edge wallet is a highly competent mobile crypto wallet. It is very safe, secure, and user-friendly, making for an excellent user experience.
Can you buy Bitcoin with Edge wallet? ›
The Edge app gives you several fast, easy options for buying Bitcoin so users don't have to create accounts on different platforms to buy, sell, and trade crypto. As well, due to our unique Edge Security model, your coins are protected and your transactions in Edge are private.
What coins does Edge wallet support? ›
The main currencies supported by the Edge mobile wallet are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Monero (XMR)
- Binance Coin (BNB)
The Edge wallet is completely private with no user data or personal information being transferred to the company's servers. Users are completely anonymous and you don't even need an email address to sign up to the wallet.
Has Edge wallet ever been hacked? ›
On Feb 20, 2023, Edge senior staff were made aware of a security incident whereby a user had experienced an unauthorized transaction which swept the full amount of their Bitcoin wallet. All other funds on their Edge account were intact.
What is the safest crypto wallet? ›
The best software wallets
- Guarda. ...
- Crypto.com DeFi Wallet. ...
- Trust Wallet. Best for Binance and Binance.US users. ...
- Exodus. Best for customer support. ...
- ZenGo. Best for easy account recovery. ...
- Ledger. Best hardware wallet for hot wallet integration. ...
- Trezor. Best hardware wallet for security. ...
- KeepKey. Best hardware wallet for price.
Microsoft Edge > Adding Trusted Sites
In the Internet Properties window, click the Security tab. Select the Trusted sites entry and click the Sites button. Enter the address for the trusted website in the Add this website to the zone text field. Click the Add button, then click OK to save the website addition.
