The main difference is that Trust Wallet only exists as an app for smartphones (iOS and Android), while Atomic Wallet is also there for desktop computers (Windows, macOS, Ubuntu, Debian, and Fedora).
In light of this difference, Atomic would seem better than Trust, but collecting various feedbacks published online by users shows that Trust is often considered better, while for Atomic, there are even those who assume the existence of some small bugs.
In other words, among desktop users, Atomic obviously prevails over Trust since the latter is completely absent, but among mobile users, Trust prevails. Remember that using the same seed with Atomic, you can manage the same wallet both from desktop and mobile, while for Trust, this is simply impossible.
Supported cryptocurrencies
Both wallets support a lot of different cryptocurrencies and tokens on different blockchains, but not on the same ones.
Atomic supports the blockchains of:
Bitcoin,
Ethereum,
Tron,
Dogecoin,
Polkadot,
Ripple
Litecoin.
Trust also supports Binance Smart Chain and many other blockchains such as Solana, Polygon, Cosmos, and many others (53 in total).
That makes thecryptocurrencies and tokens supported by Trust many more than those supported by Atomic.
Two non-custodial wallets
Both are non-custodial wallets and do not require any registration or identity verification, but behind Trust Wallet is Binance, while Atomic is independent and among its team members are the famous Charlie Shrem, founding member of the Bitcoin Foundation, and Konstantin Gladych, co-founder and CEO of Changelly.com.
Trust is a crypto-only wallet, meaning it only allows for the safekeeping and exchange of cryptocurrencies and tokens. However, it integrates forms of payment in fiat currencies for any purchases. Atomic also enables the purchase of cryptocurrencies in fiat with Visa and Mastercard credit cards.
Both allow anonymous crypto-to-crypto swaps, but Trust supports more blockchains and thus supports more exchange pairs. In addition, both support staking and earn programs.
Trust Wallet, however, also provides some tools that Atomic does not. For example, Trust allows for the custody of NFTs in ERC721 and ERC1155 format, while Atomic does not support NFTs. Moreover, Trust integrates a browser for DApps that you can connect with the wallet to use it inside them. Atomic, on the other hand, does not integrate a DApp browser.
A common feature of both is that they do not have open-source code. Since one of the assumptions from which cryptocurrencies were born, particularly Bitcoin, is “don’t trust, verify,” the fact of not verifying the code in person forces you to trust those who developed them. That is why they are both wallets that Bitcoin purists don’t really like.
You can purchase your TWT and exchange it for other coins straight from your Trust Wallet Token wallet on Atomic, which ensures your crypto is securely encrypted and controlled by only you. We work with a licensed EU payment provider to handle the processing.
Other important factors to consider when researching alternatives to Trust Wallet include security. We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to Trust Wallet, including Coinbase Wallet, MyEtherWallet, Exodus, and Electrum Wallet.
The Atomic Wallet is good for beginners because it is free, and it allows buying crypto directly through the wallet if they do not already own crypto assets.
Can Atomic Wallet be hacked? Like other non-custodial crypto wallets, your Atomic wallet can be hacked if you do not properly store and protect your recovery phrase and private keys. Ensure that Atomic's instructions for keeping your private information secure such as cleaning your device of malware.
Atomic Wallet is a cross-platform wallet and as such, users can access their crypto assets on their computers through the desktop version of the wallet.
It's extremely secure, free to use, and supports many blockchains and cryptocurrencies, which is why it's widely considered one of the best cryptocurrency wallets.
Cold wallets are probably the most secure crypto wallets because they keep your private keys offline, unlike hot wallets. Cold wallets (or hardware wallets) also come encrypted, keeping your keys safe. A Japan-based cryptocurrency exchange lost $32 million to hackers from its hot wallet in 2019.
Both allow anonymous crypto-to-crypto swaps, but Trust supports more blockchains and thus supports more exchange pairs. In addition, both support staking and earn programs. Trust Wallet, however, also provides some tools that Atomic does not.
The Atomic Wallet has its own integrated quick purchasing service. It is one of the forms of cryptocurrency quick-buy platforms. This one is among the quickest ways and it suits all the US regulations at the same time. It's totally secure and legal to buy crypto in it.
Does Atomic Wallet report to the IRS? As a non-custodial, decentralized wallet with no KYC - it's unlikely Atomic are reporting to the IRS. However, if you're transferring assets out of your Atomic wallet to cash out on larger crypto exchanges - many centralized exchanges do report to the IRS.
With Atomic Wallet, you can store, send, receive, exchange, and buy cryptocurrencies. Unfortunately, it's not yet possible to cash out from Atomic Wallet directly, as the app doesn't support crypto-to-fiat conversions. We recommend using other services to convert your crypto.
Atomic Wallet is a cold wallet type, all passwords and data are stored on the user's device and it is not kept at any server, so there is no custody risks or the possibility of losing funds through centralized services. The main risk in Atomic Wallet is if you lose your backup phrase or send it to another person.
Atomic Wallet charges a 2% fee ($10 minimum) on fiat-to-crypto purchases with a bank card. Your card's issuing bank may also charge a fee. Atomic Wallet charges a 0.5% fee on exchanges, plus its exchange partner's commission.
Atomic Wallet is founded by Konstantin Gladych, the CEO & Co-Founder of Changelly, a cryptocurrency exchange with over 2 million customers, to create a simple yet highly secure wallet that has a built-in mechanism to conduct atomic swaps.
Coinbase vs Atomic - Crypto Wallet Comparison Overview
By comparing Coinbase vs Atomic overall scores, we clearly see that Coinbase has the higher overall score of 9.1. Atomic, on the other hand, has scored 6.8 final points.
Atomic Wallet supports ANY Ethereum ERC20 tokens. Manage the built-in ones or add any custom by sending it to your Atomic Wallet ETH address. Neat and simple! Furthermore, you are able to manage most top blockchains besides ETH: Bitcoin, Ripple, Litecoin, EOS, TRON and many more!
However, the Atomic wallet supports only BNB and Binance Chain tokens at the moment, which is integrated with Binance DEX. All tokens that are found on Binance DEX are compatible with our wallet and can be stored in it. Any updates to support Binance Smart Chain will be made in an official announcement.
What is a Trust Wallet? Trust Wallet is a decentralized, non-custodial, multi-cryptocurrency wallet application that allows users to fully control digital assets like cryptocurrencies and nonfungible tokens (NFTs).
Atomic Wallet is a cold wallet type, all passwords and data are stored on the user's device and it is not kept at any server, so there is no custody risks or the possibility of losing funds through centralized services.
It's extremely secure, free to use, and supports many blockchains and cryptocurrencies, which is why it's widely considered one of the best cryptocurrency wallets.
Trust Wallet is a highly rated and reputable cryptocurrency wallet that offers users a safe and simple way to manage their digital assets. The wallet is popular among crypto enthusiasts and traders due to its strong security features, a wide range of supported cryptocurrencies, and integration with decentralized apps.
While you can't withdraw money to your bank account in Trust Wallet, you can send the tokens to a centralized exchange and sell it there. Once you exchange your tokens for your local currency, you can withdraw the funds to your bank account.
Pricing: Trust Wallet is free to use. There may be fees for some optional features, however, such as integrated purchases from the Binance exchange or other third-party sellers. And cryptocurrencies' underlying blockchain networks often charge transaction fees, regardless of which wallet you use.
With Atomic Wallet, you can store, send, receive, exchange, and buy cryptocurrencies. Unfortunately, it's not yet possible to cash out from Atomic Wallet directly, as the app doesn't support crypto-to-fiat conversions. We recommend using other services to convert your crypto.
“Apple decided to remove the app because the wallet uses 3rd party for exchange,” an Atomic Wallet spokesperson said last December. “We are working on that. We will make an announcement once the app goes back live on App Store.” As of March 2022, Atomic Wallet is yet to make a return to the iOS store.
Introduction: My name is Nicola Considine CPA, I am a determined, witty, powerful, brainy, open, smiling, proud person who loves writing and wants to share my knowledge and understanding with you.
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