Atomic Wallet Review 2024: The Ultimate Guide to Crypto Wallets
TLDR
This Atomic Wallet review will thoroughly explore the decentralized wallet offering desktop and mobile versions. It aims to allow users to quickly, securely, and anonymously manage multiple cryptocurrencies.
Its user-friendly interface simplifies the process of swapping and exchanging crypto assets while providing opportunities for earning rewards through staking and cashback programs.
With support for popular cryptocurrencies such as Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin, Atomic Wallet ensures a versatile and convenient crypto management experience. Additionally, the wallet offers 24/7 customer support to assist users with any queries or issues they may encounter.
What is Atomic Wallet?
Atomic Wallet, launched by the visionary CEO of Changelly, Konstantin Gladych, is a revolutionary platform that opens doors to the vast world of cryptocurrencies.
Backed by a team of experts in the field, Atomic Wallet provides a secure platform and user-friendly interface for managing your digital assets. With over 500 crypto coins available, this decentralized exchange prioritizes the highest security standards to safeguard your investments.
It offers the ease of swapping between 60+ assets while earning cashback rewards through Atomic Wallet’s intuitive interface. What sets Atomic Wallet apart is its seamless integration with fiat money from 18 global marketplaces, bridging the gap between traditional and digital finance.
Thanks to Atomic Wallet’s seamless integration, purchase popular cryptocurrencies like Ethereum, Bitcoin, and Litecoin easily using your fiat currency bank cards. All in all, Atomic Wallet offers a comprehensive solution for managing and growing your digital asset portfolio.
/tomic Wallet prioritizes privacy by not imposing KYC requirements, allowing for anonymous trading. Their hardware wallet offers a coin staking program with a high annual profit of 23%.
Atomic Swaps, introduced in 2017, enable secure and direct transactions between cryptocurrencies, eliminating intermediaries.
How does Atomic Wallet work?
Users can enhance the security of their crypto assets by using private keys in top cryptocurrency wallets. It gives them complete control and autonomy over supported assets, as Atomic cannot access the wallets.
Users’ funds are integrated into the blockchain network to ensure secure transactions. Atomic Wallet seamlessly integrates with the user’s selected blockchain nodes, facilitating smooth operations.
Furthermore, users can track their transaction history and other crypto trading activities within their Atomic cryptocurrency wallets.
With the support of Atomic associates, users can execute blockchain transactions and engage in various crypto trading ventures. On top of that, they can enjoy numerous buying services, including acquiring significant tokens through crypto exchanges.
Who is Atomic Wallet suitable for?
Atomic Wallet is suitable for:
Beginner traders
Atomic Wallet caters to novice traders by offering a simple and fast way to buy crypto with a bank card. It is super simple and extremely effective. Choose from over 60 supported coins and tokens, including popular options like Bitcoin, Ethereum, Solana, Cardano, and Binance Coin.
Use your local currency, such as USD, EUR, PKR, etc. The process is secure and compliant with KYC regulations.
Savvy and High-Volume trader
Atomic Wallet suits savvy and high-volume traders, supporting advanced features such as Layer 2 networks, NFTs, FlareDrops, and custom tokens. You can manage and exchange assets on various Layer 2 networks securely.
On top of that, you can view and manage your NFTs on Ethereum and Fantom networks in one place. Activate FlareDrops and enjoy monthly FLR drops.
Add any ERC20 or BEP20 token to your portfolio using the custom token feature. Enter the contract address, symbol, and decimals of any permit, giving you access to new or emerging tokens not yet supported by the wallet.
What makes Atomic Wallet a solid pick for crypto investments?
Here are some key advantages of using Atomic Wallet:
Intuitive UX and interface
Atomic Wallet boasts a user-friendly and intuitive interface, allowing for easy navigation and various operations. Access your portfolio, exchange, buy, stake, settings, and support tabs from the left sidebar. You can customize your display currency, language, and theme from the settings tab.
Free cold storage for NFTs and tokens
While most free blockchain wallets are hot wallets connected to the internet, Atomic Wallet stands out as a free cold wallet. Cold storage, being offline, is widely considered a safer option. Typically, cold wallets are hardware devices that must be purchased, but Atomic Wallet breaks the mold by offering free cold storage.
Atomic Wallet stores passwords and data on the user’s device, ensuring that your wallet remains connected to the internet as long as your device is. Hardware wallets are a better choice for those seeking a wallet that anyone can keep offline.
Crypto staking for growing your holdings
Atomic Wallet allows you to stake cryptocurrencies, a popular method for increasing your holdings. Earn rewards by staking select coins with up to 22% APY. You use crypto as collateral by staking, helping validate transactions, and securing blockchain networks.
Furthermore, you can earn rewards based on your staked amount by staking with Atomic Wallet. With support for over a dozen cryptocurrencies, the staking process becomes quick and effortless, maximizing your earning potential.
Convenient In-wallet crypto purchases
Atomic Wallet offers the convenience of purchasing crypto directly from the wallet using your debit card, thanks to its partner Simplex. However, it’s important to note that there is a 2% transaction fee in addition to any fees your bank charges.
Considering the impact of high transaction fees, exploring alternative crypto apps with lower fees may be beneficial, particularly if you engage in frequent crypto investments and regular purchases.
One such alternative is Atomic Wallet. As a non-custodial decentralized wallet, it supports over 1000 cryptocurrencies and tokens. Offering a comprehensive solution, it is an efficient tool for managing digital assets.
Privacy and anonymity
Atomic Wallet prioritizes privacy and anonymity, eliminating the need for verification or KYC standards to access stored funds.
Although the wallet does not generate new addresses for each transaction or support Coinjoin transactions, it ensures complete anonymity. Also, Conjoin transactions require wallets to support transaction anonymization methods.
Getting started with Atomic Wallet
Follow these steps to get started with the Atomic Wallet app easily.
More details
Atomic Wallet offers a user-friendly and polished platform for managing crypto assets effectively. It boasts support for numerous cryptocurrencies and allows you to earn rewards by staking more than a dozen. Additionally, the wallet features a convenient built-in exchange and the ability to purchase cryptocurrencies. Nevertheless, there are some security concerns surrounding the wallet.
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Diverse device compatibility.
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Over 500+ crypto assets supported.
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Easy to use for all investors.
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Encrypted private keys are stored on your device.
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Lacks hardware wallet integration.
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Limited crypto buying services.
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Vulnerable for hacks.
Step 1: Open the app
After downloading the app from the website, open the application. Then, tap the [New Wallet] button to move forward.
Step 2: Set your password
Next up, choose a strong password and repeat it. When done, click [Set Password].
Step 3: Secure backup phrase
After that, you must copy your backup phrase somewhere safe and secure. When done, tap [Open Wallet].
Congratulations! You are all set to explore the Atomic Wallet.
Atomic Wallet: Top Features that Make It a Great Choice
Let’s explore some key features of Atomic Wallet:
Reasonable costs and fees
Atomic Wallet offers free storage for cryptocurrencies and does not impose additional payment fees. However, when you send cryptocurrency, you will incur network fees the blockchain charges to compensate its validators. The blockchain determines these network fees only at the time of the transaction.
While using Atomic Wallet, fees are associated with buying and trading crypto. Here’s how these fees are structured:
- Fiat-to-crypto purchases using a bank card: Atomic Wallet applies a 2% fee, with a minimum fee of $10. Additionally, your card’s issuing bank may charge its fee.
- Exchanges of cryptocurrencies: Atomic Wallet imposes a 0.5% fee and the commission charged by its exchange partner.
Dedicated mobile and desktop apps
Atomic Wallet offers a desktop and mobile app for accessing crypto assets. The desktop version provides a user-friendly interface but is not hardware-compatible.
On the mobile side, the wallet is available for Android and iOS, with positive reviews praising its interface and transaction fees. However, some users have reported bugs and higher fees, while others desire the ability to sell crypto directly within the wallet.
Atomic Wallet native token
The decentralized exchange Atomic issued the Atomic Wallet token (AWC), a prominent cryptocurrency token within the wallet ecosystem. It is an integrated currency for investors, and its value is expected to grow alongside the wallet’s progress.
With a total supply of 100,000,000 AWC tokens, providers currently circulate 10,000,000, while 90,000,000 tokens are held in reserve. Over 40,000 cryptocurrency holders support the AWC token. It can be traded on exchanges such as IDEX and Binance DEX.
The token offers various benefits, including trading desk features, rewards through the associate and bounty campaign programs, and dedicated wallet support. These features contribute to the attractiveness and utility of the Atomic wallet token.
Diverse cryptocurrency support
The Atomic Wallet platform accommodates a wide range of cryptocurrencies and tokens, including:
- Binance Coin (BNB)
- Brave Attention Token (BAT)
- Bitcoin (BTC)
- Bitcoin SV (BSV)
- Bitcoin Cash (BCH)
- Chainlink (LINK)
- Cardano (ADA)
- Cosmos (ATOM)
- Dash (DASH)
- EOS (EOS)
- Ethereum (ETH)
- Litecoin (LTC)
- Monero (XMR)
- NEO (NEO)
- OmiseGo (OMG)
- Ripple (XRP)
- Stellar (XLM)
- Tron (TRX)
- Tether USD (USDT)
- Tezos (XTZ)
- VeChain (VET)
These are just a few examples of the diverse range of cryptocurrencies supported by Atomic Wallet, providing users with ample options to manage their digital assets.
Responsive customer care
By visiting the dedicated landing page of Atomic Wallet support, users can seek assistance for their crypto trades. The customer support team is readily available to enhance the crypto exchange transaction experience, offering guidance in mobile usage, staking, and addressing queries related to buying crypto.
For instance, if users require support during an exchange regarding crypto transfers or order history, they can click on the [Contact Atomic Support About This Exchange] button within the Atomic Wallet.
The customer support team strives to respond promptly within one hour to address all the investors’ information, concerns, and queries. Plus, its site has a dedicated educational page with numerous guides.
Robust safety and security features
Atomic Wallet offers users non-custodial control over their private keys, granting them complete custody of their funds. Regarding security, the wallet has established a strong reputation in the cryptocurrency industry, with no reported breaches.
To authorize transactions, users are required to input their passwords. Additionally, users can recover their accounts using a 12-word backup seed phrase generated during the initial setup process.
Although the wallet’s programming code is not open-source, Atomic Wallet provides resources on wallet security, including the importance of using a Virtual Private Network (VPN) for access.
However, in June 2023, a significant setback occurred when hackers associated with the notorious North Korean Lazarus group stole over $35 million worth of various cryptocurrencies from Atomic Wallet users. This incident notably impacted the wallet’s previously well-regarded security track record.
Atomic Wallet Review: What could be improved?
Here are some drawbacks of the Atomic wallet.
Security audit findings and response
In February 2022, Atomic Wallet underwent a security audit by Least Authority. The audit report revealed vulnerabilities that potentially put users at risk, leading to a recommendation against using the wallet.
Atomic Wallet responded by acknowledging the issues and assuring users that fixes are being worked on. They also emphasized that user funds remain unaffected.
Security is paramount in a crypto wallet, making reports of vulnerabilities significant. While Atomic Wallet’s response suggests that the issues are not severe, it is advisable to thoroughly investigate before considering its use.
Non-open source nature
Like many crypto wallets, Atomic Wallet does not provide public access to its source code for review. Although this may not be a decisive factor for everyone, some crypto investors prefer open-source wallets as they perceive them to be safer for storing their funds.
Limited cryptocurrency selection for purchase
Atomic Wallet offers a limited selection of cryptocurrencies available for purchase. It means you will have fewer choices, mainly if you prefer investing in a wide range of crypto tokens. In such cases, it may be necessary to explore alternative wallets.
Atomic Wallet Review: Our Verdict
The atomic wallet platform demonstrates numerous advantages over disadvantages. It is considered a leading player in the cryptocurrency market, offering a comprehensive native token and wallet exchange platform within the prevailing blockchain network.
With its desktop wallet interface, users can access a wide range of over 500 coins, including the availability of ERC-20 crypto assets. The Atomic swap updates further enhance its appeal by providing access to select coins, which proves to be a lucrative offering for various blockchain networks.
As a relatively new software, Atomic Wallet continues to improve and expand its offerings, with room for further enhancements to accelerate its growth and adoption in the market.
Atomic Wallet has been recognized for its security measures, with no reported security breaches as of the information available in this chat history. However, staying updated on the latest security practices and being cautious while using any digital wallet is always recommended.
Yes, Atomic Wallet experienced a security breach in June 2023, where hackers associated with the North Korean Lazarus group stole over $35 million worth of various cryptocurrencies from Atomic Wallet users.
Atomic Wallet is a cryptocurrency wallet that was founded in 2017 and is headquartered in Tallinn, Estonia.
Susan Oh
Susan Oh is a leading figure in the integration of AI and blockchain for social good, serving as the CMO for BeOmni by Beyond Imagination and a civic technologist dedicated to creating scalable solutions. She is a board member of the Blockchain Commission For Sustainable Development supported by the UN GA Office of Partnerships, and a member of the Global Sustainability Network, a joint initiative by the Vatican and the Church of England to combat human trafficking. Recognized with the...
