Atomic Wallet Knowledge Base | Atomic Wallet Support (2024)

FAQs

Why is Atomic Wallet not working? ›

Make sure you're using the latest version of our app. We're constantly working on improving the app's performance, so it's important to keep your Atomic Wallet up to date. Check your system's version. Are there any updates available for your operating system you might have previously put off?

Please email us at support@atomicwallet.io directly, providing as much details as possible.

Atomic Wallet provides solid security features, and it doesn't store any user passwords, data, or seed phrases on its servers. All that information is stored on your device where you've installed Atomic Wallet. If you keep your seed phrase safe and password safe, then your crypto will be secure.

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.

“Apple decided to remove the app because the wallet uses 3rd party for exchange,” an Atomic Wallet spokesperson said last December.

Atomic does not require verification or account creating. All the basic features in your wallet are anonymous. We do not collect your personal data. Atomic is a decentralized app built on the open-source libraries.

Yes - if you have capital gains or income from your Atomic Wallet investment activities, you'll need to report these to your tax office and pay taxes on them.

Atomic Wallet is a cryptocurrency wallet that was founded in 2017 and headquartered in Tallinn, Estonia.

What happens if Atomic Wallet goes out of business? ›

Your assets are stored on the blockchain.

Since Atomic Wallet is just an intermediary between you and the blockchain, your coins aren't stored by us. You're free to export your private keys anytime, and your funds wouldn't be put at any risk if our company was to close down.

A private key is a long alphanumeric code that acts similarly to a password. Private keys are used to authorize cryptocurrency transactions. Your private key is generated by your wallet and is used to create your public key (your wallet address) using encryption.

Private keys

You have a private key for each coin (ETH, BTC, etc) individually. They are all stored on the device that your wallet is installed on. The only person who has access to said keys is you.

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.

Coinbase is one of the most popular digital currency exchanges, based in the U.S and boasting over 43 million users. Headquartered in San Francisco, California, the platform offers both an all-in-one exchange and a wallet, making it one of the easiest starting points with Bitcoin.

In Atomic Wallet, you can buy Bitcoin with a debit card or a credit card.

Exodus transactions are faster and cheaper because the transaction size is usually smaller due to the Segregated Witness feature. This makes Exodus a better wallet than Atomic for lower network fees and speed.

"Trust Wallet is the best and Safest decentralized crypto storage. Trust Wallet supports almost all of my crypto assets and also gives interest in staking some popular coins like BNB, TRX, and more." Devraj D.

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.

What happens if I lost my seed phrase? ›

If you lose access to your wallet and lose your seed phrase: You will lose access to your crypto assets. Seed phrases can't be changed or recovered, making them an effective security tool.

A 12-word seed phrase acts as a key to unlock access to a crypto wallet and is also the ultimate recovery tool for wallets on the blockchain.

Atomic Wallet Tax Reporting

Simply navigate to your Atomic Wallet account and download your transaction history from the platform. Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!

Atomic ID is your wallet's anonymous unique ID. It is a set of numbers and letters. It looks like this: 36de493c570585d02eaa5eed40184ff296c415db348547efde82a962ba08f417. Your Atomic ID is not tied to your identity, public addresses, and transaction history.

Atomic Wallet is a non-custodial decentralized wallet. It means that you own your backup phrase and private keys, thus, you fully control your funds. We have no access to your wallet and your sensitive information. Your 12-words backup and private keys are stored locally on your device and strongly encrypted.

After you add a payment method, you may be asked to verify it. This step helps Google Wallet and your bank to protect your account. Based on your bank, you can choose from the following options. Your verification code comes from your bank, not Google Wallet.

In the opened wallet navigate through the bottom bar and click More. Navigate the list to the very bottom and find the Log out button. Tap on it and you'll exit the app. After closing the application, open it again from the corresponding place on your device.

Yes, the IRS can track cryptocurrency, including Bitcoin, Ether and a huge variety of other cryptocurrencies. The IRS does this by collecting KYC data from centralized exchanges.

The IRS can track cryptocurrency transactions through several methods, including the use of subpoenas, blockchain analysis, and third-party reporting by cryptocurrency exchanges.

Even if you haven't received a letter and you've not used an exchange that has been summoned by the IRS, the IRS may still audit your crypto investments.

Is Atomic Wallet safer than Coinbase? ›

As a result, you have total authority over your cryptocurrency and an impeccable risk assessment! Choosing either the Coinbase wallet over the Atomic wallet depends on what the user needs. The Coinbase wallet could be more secure and versatile than the Atomic wallet, due to its support by a wide range of systems.

The more transactions are queued to get confirmed, the higher the fee will be. Once you click the "Send" button in your Atomic Wallet app, your transaction will first be added to the mempool, which is essentially a list of all transactions currently expecting confirmation.

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!

Key Recovery can be used to re-use or restore a users private key. Key recovery means that server generated keys (and the certificate) of a user is stored, encrypted, in the CAs database. The purpose of this is to be able to recover an encryption key if the user loses the key.

The Master Public Key is a fundamental part of the processes within deterministic wallets or HD wallets. The generation of public keys for this type of wallet depends on it and they use a complex system that guarantees security at all times.

Once you've added ETH to Coinbase Wallet, you can you can swap your ETH for Atomic Wallet Coin right in the mobile app or browser extension. Tap or click the "Swap" icon in the Assets tab, then select "Choose asset" and pick Atomic Wallet Coin.

XTZ is one of the assets that require an address to have a minimum balance. That amount is at least 0.27 XTZ. If you try to make a transaction without taking the minimum balance into account, the transaction will fail.

Is Atomic Wallet hacked? ›

Yes, Atomic Wallet is safe thanks to it being a decentralized wallet with two-factor authentication and data encryption.

Open Settings. Scroll down till you see the Apps section and select Manage apps. Choose Atomic Wallet and tap on Clear data.

The only option to have two wallets on one desktop device is to create separate user accounts and manage two (or more) different wallets under these separate user accounts on your computer. You will have to download Atomic Wallet only one.

Start with $50 and up to $20,000 daily. Receive crypto into your wallet. Credit/Debit cards accepted.

Reset wallet will completely remove your wallet from the device, requiring you to restore with your SRP. 'Reset account' will wipe your transaction history, leaving your wallet otherwise untouched.

Unfortunately, Atomic Wallet Team won't be able to provide you with your 12-word phrase back. Once you lose it – you lose access to your funds. We don't store any of your private information on our servers. The 12-word backup phrase is only encrypted on your device.

Who Owns Atomic Wallet? Atomic Wallet is owned by Konstantin Gladych, who is CEO. and is well-known as the co-founder and CEO of Changelly.