Atomic Wallet Review 2023: Is It Safe to Work With or Not? (2024)

The platform for instant cryptocurrency exchange ‘Atomic Wallet’ has holdings of more than 500 crypto coins. It is a decentralized exchange rendering effective security measures and an interface suitable for crypto enthusiasts. Atomic offers services, such as easy swapping 60 plus crypto assets, Proof-Of-Stake (PoS) assets, and fiat currencies from 18 prominent global marketplaces. In this Atomic Wallet Review, you can see it also offers cashback for exchange. The main intent of Atomic is to produce a robust, multifaceted realm that can accelerate the extensive appropriation of cryptocurrency.

Holding privacy as an important functionality to build a trusted network of users, the desktop wallet does not impose Know Your Customer (KYC) mandates. Year on Year (YoY), the hardware wallet platform generates 23% profits for staking. Traders of Atomic are permitted to stake their native assets: Cosmos, Tezos, and many other coins and tokens.

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The Atomic wallet has gained prominence in the crypto realm. Its key features rest on the Atomic Swaps offering, which is a DeFi exchange. The Atomic swap exchange was launched in 2017 by a fintech mastermind, the CEO of Changelly, Konstantin Gladych.

The Atomic wallet supports users’ fiat currency bank cards to buy crypto tokens, such as Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC). The hardware wallet supports easy access to operating systems, such as macOS, Android, Windows, and iOS.

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How Does Atomic Wallet Work?

Due to the functionality of top cryptocurrency wallets, users can reinforce their crypto assets through private keys. This gives them complete access to their assets, and they receive autonomy from Atomic as they do not have any admittance to the crypto wallets.

The users’ funds are amalgamated into the blockchain network for a secure transaction. The crypto wallet from Atomic immediately integrates with the user’s choice of blockchain nodes. Besides, all the trading ventures such as transaction history in the user’s cryptocurrency wallets can be tracked.

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The execution of blockchain transactions can be performed along with a host of other crypto trading ventures such as acquiring major cryptocurrency exchanges with the assistance of Atomic associates.

Atomic Wallet Review: Features

The cool features of the Atomic Wallet are as follows:

Profitable for Novice Traders

As the Atomic Wallet has the unique quality of being free of charge, the platform is the most sought-after for beginners venturing into cryptocurrency exchanges. It enables new investors to purchase cryptocurrency even if they don’t have assets in their possession. The Atomic wallet exchange permits almost all coins and tokens, and its benefits new users. Moreover, this wallet support compatibility with various operating systems. This fascinating hallmark is made available through the Atomic Swap exchange in the hardware wallet integration.

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Provides a Secure Atomic Swap Exchange

Users require trust; to build that assurance of any unconstrained risk, the exchange platform is conceptualized with private keys. The cross-chain Atomic swaps are authorized through the user-generated passwords and admittance of a particular transaction.

The password’s unique feature is that it represents a 12-word phrase that can recover a wallet if the investor’s digital device is misplaced. If you want your wallet is safe so you keep 12 word backup safe.

Atomic Wallet Review: Pros and Cons

How to Use the Atomic Wallet?

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The Atomic wallet is a decentralized exchange for multiple major currencies; it sustains 500 plus tokens encompassing all blockchain networks. The wallet is an eminent leader in terms of establishing cross-chain Atomic swaps. Through the innovative smart-contract technology rendered by Atomic swap, the user can exchange a single cryptocurrency with another without any centralized exchange.

Through the Atomic wallet, investors can perform functions such as buying a cryptocurrency for investment, managing their cryptocurrency exchanges, and staking. The facilities can be accessed through an app, or the software can be downloaded through the website on the user’s device.

Atomic Wallet Review: How to Set Up the Atomic Wallet?

To administer an exchange through the Atomic wallet, the first step is to download the application of the wallet exchange platform through the Google Play store or avail of the facilities from their website. If the user goes through the website route, there is a step to download Atomic wallet software on their device.

After the user gains admittance into the application, they will find two options: Create Wallet and Restore from Backup. For novice investors on the wallet, the first Create Wallet option needs to be clicked on. After that authority is given and the user has to set up a password.

A subsidiary 12-worded password must also be delivered and stored securely for future risk. After the password, the user can begin their crypto trading ventures. The backup process will help restore access to your Atomic Wallet anywhere and anytime.

Atomic Wallet Fees

Atomic Swaps cryptocurrency exchange purchasing is administered through the wallet’s associate service, Simplex. As we know, users have 500 coins, and tokens are permitted through Atomic Swap. The fees sanctioned by the wallet Atomic for attaining crypto through fiat currencies are based on two elements. The first one is where the built-in exchange wallet imposes fees of 2% for a trade order of $10 for each transaction, respectively. The second element is where the crypto wallet service taxes the user’s bank card with a provider’s purchasing fee based on the respective size of the fiat currency account policies.

The fees for this element by the Atomic Wallet are distinguished with an extra cost of 5% exacted as the cryptocurrency purchase needs high-risk performance security for certain coins.

During our Atomic Wallet review, compared with many wallets, it is the only wallet where all the fees depend on the cost processed within the Atomic wallet. The expense payment estimate received encompasses the aggregate of all the fees exacted.

Atomic Wallet Token

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The great wallet token AWC is a leading cryptocurrency token allotted by the decentralized exchange Atomic. The token providers support the integrated currency of the investors. As the best wallet accelerates in progress, the AWC tokens are also expected to grow in abundance.

The entire supply of AWC tokens is 100.000.000, with providers circulating a supply of 10.000.000. In possession, certain tokens of 90.000.000 are stored. The cryptocurrency holders of the AWC supported coins are beyond 40.000.

The token is provided on the IDEX exchange and Binance DEX. The coins of AWC can be partaken by the associate program of Atomic known as Bounty Campaigns and through Airdrop amenities.

The token renders profits for digital currency holders, such as features for the trading desk, associate and bounty campaign rewards, and dedicated wallet assistance, to name a few features.

Supported Assets by Atomic Wallet

Atomic Wallet Review – Supported Assets

The Atomic Wallet platform permits 500 plus crypto coins and tokens. Some of the major cryptocurrencies that Atomic wallet supports are Binance Coin, Brave Attention Token, Bitcoin, Bitcoin SV, Bitcoin Cash, Chainlink, Cardano, Cosmos, Dash, EOS, Ethereum, Litecoin, Monero, NEO, OmiseGo, Ripple, Stellar, Tron, Tether USD, Tezos, and VeChain.

However, to check the full list of Atomic Wallet supported assets go through this link.

Supported Devices by Atomic Wallet

A device that has an operating system such as Windows, macOS, and Linux supports Atomic swaps. In fact, Atomic Wallet supports a number of Linux distributions, including Ubuntu, Debian, and Fedora. On mobile, the Atomic Wallet can be downloaded from both the Google Store and the App Store for Android and iOS devices, respectively.

Buying Cryptocurrencies Using Atomic Wallet

The user needs to open their wallet on the app or platform to purchase cryptocurrencies and Bitcoin tokens on the Atomic wallet. On the navigation option on the left side of the wallet and the ‘Buy Crypto’ button needs to be clicked. After that, the landing page to choose a certain cryptocurrency coin will open up, in which more information, such as the desired amount of coins and other details, has to be entered.

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The smallest value that can be entered in the details section is $50. The estimated amount in an interchangeable valuation will be provided in crypto coins. This valuation covers the aggregate fees as well.

When the information is cross-checked, the Continue button should be clicked. A form is provided by the associate of the wallet Simplex with more information, such as billing information, individual identification information, bank card information, etc. After the mandated piece of information is filled in, the Pay Now button needs to be clicked for the next stage.

The next stage is to verify through mobile devices or an email address easily. After the verification ordeal by Simplex is over and all the information is rendered, the cryptocurrency gets deposited in the wallet Atomic.

Atomic Wallet Review: Security Measures

Is Atomic Wallet Safe? The fact of the matter is that the digital exchange platform is well protected. It is a secure interface that renders admittance to blockchain networks and crypto funds.

However, the user needs to be vigilant while trading and do their own research. The platform is an open-source that cautiously lessens fintech uncertainties and hidden hackers who want to obtain the device wallet’s password details.

Crypto trading jeopardies can be moderated expertly through the hardware Atomic wallet hallmark that the platform provides to investors. The Atomic wallet provides private keys that are saved on the user’s digital device, which are encrypted.

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The subsidy backup phrase password that is provided to the Atomic wallet platform at the initial stage needs to be kept safe when they lose access. This subsidy backup phrase password is an entryway to gain admittance to the coins in the user’s Atomic wallet. A physical copy should be in possession to keep the backup phrase safe and should be shielded with the fiat accounts’ safe deposit facilities.

Atomic Wallet’s Customer Support

To gain assistance for crypto trades, users can visit the atomicwallet.io/support, the landing page of the Atomic Wallet. Customer support serves to improve the crypto exchange transaction, such as mobile support, staking support, troubleshooting support for difficult trades, assets support, and questions to be answered while buying crypto.

For example, during an exchange, if support is required regarding crypto transfer or order history, customer assistance is rendered. Here, the investor needs to click on the button ‘Contact Atomic Support About This Exchange‘ on the wallet Atomic. On the receiving end, this process takes you to their email for Atomic wallet exchanges, and a reply is designated in one hour.

Conclusion

The pros outweigh the cons when it comes to the Atomic wallet platform. The final verdict to sum it up concisely is that the native tokens and wallet exchange platform is a leader when it comes to the prevailing blockchain network exchanges stored in the cryptocurrency market.

The desktop wallet-built platform has over 500 coins where the ERC-20 crypto assets combination is also available. The Atomic swap updates that provide admission for a few coins are a huge lucrative offering for some blockchain networks. It has branded itself as a new software offering exchanges digital coins and will be adding more updates as there is room for improvement to accelerate.

FAQs

Is Atomic Wallet a Cold Wallet?

Yes, the Atomic wallet functionality is a cold wallet type where all the data and passwords are saved on the user’s digital equipment. With this hallmark, the exchange platform is a bank safe deposit box as Atomic has no administration over the digital assets, and there is no high risk in terms of losing funds.

How Do I Get Money From My Atomic Wallet?

To credit money from the Atomic Wallet, the user needs an unrestricted address. Once that is accessible, the coin can be selected from the Atomic wallet coin selection, and the knowledge of the particular coin can be examined.After the review of the coin, the click button has to be pressed, the public address needs to be filled in, and the crypto assets are deposited.

Is Atomic Wallet Safe?

Yes, with Atomic wallet’s secure interface, the exchange platform renders admittance to blockchain networks and crypto funds. Private keys and a subsidy password in the case of an emergency are accessible with strong encryption on the user’s own device.