What do you think about edge wallet?

It seems to me to be a good middle ground between a custodial wallet and a non custodial wallet where you have to protect and backup your own seed. The app encrypts your password locally and stores it on their servers so you have recovery options while not giving the company access to your funds. Heres their whitepaper: https://edge.app/wp-content/uploads/2019/01/Edge-White-Paper-01-22-2019.pdf?af=edge-app-wp-admin-post-php&af=google-com

I guess the risk is the company could brute force the passwords? Or someone hacks them, but theyd likely find out before the hackers could brute force a significant amount of the passwords? How long would it take to brute force AES 256 encrypted passwords?

They've been around for years but I dont hear much about them, and Id like to hear some opinions. I saw a thread earlier that got closed early, perhaps because it looked like a promotional post.

So what do you think about it? Safer than keeping fund on an exchange?