Since the debut of Atomic Swap in 2017 by Changelly CEO and co-founder Konstantin Gladych, Atomic Wallet has expanded to accommodate a diverse range of digital currencies. Today the Crypto Lists crew take a deep dive at this software wallet to give you some impartial insights.
The wallet is great for both newcomers and seasoned traders in cryptocurrencies because of its reliability, quickness, security, and confidentiality.
Atomic’s ability to facilitate the purchase, staking, and earning of cryptocurrency rewards without the need for an external exchange or third-party service is one of its most intriguing aspects. In addition to Windows and MacOS, the Atomic Wallet is compatible with Android and iOS.
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Standout Characteristics
The low price and wide selection of coins and tokens supported by the Atomic Wallet are two of its most appealing qualities. Also, you can use your bank card to buy cryptocurrencies right from the wallet, so it’s safe and convenient. Except for the cost of actual network transactions, using the wallet costs nothing. To include as many cryptocurrencies as possible, it offers support for over 500 coins and tokens and other trading options in addition to Atomic Swap.
Due to the decentralized nature of the platform, all of your funds will be held on the network, while your private keys will be encoded and stored locally on your gadget with a 12-word retrieval phrase as backup. Perhaps a crypto newbie can start exchanging digital coins and tokens practically instantly after installing the wallet that enables for direct purchases of cryptocurrency with only a bank card.
Price and Charges
Atomic Wallet is available for free download on both desktop and mobile platforms. Users, though, must pay transaction cost (network costs) in order to make transactions. Mining fees are distributed to the crypto miners who validate blocks of transactions and add them to the network.
Transaction costs charged by the network will vary. For example, Ethereum’s networking costs are tied to the cost of its gas, which is priced in Gwei. Increases in the price of gas occur during peak times on the Ethereum network. The network cost for a transaction may also change depending on how many parties are involved.
What Are the Benefits and Drawbacks?
While exploring the Atomic Wallet, we found little drawbacks and many benefits. You can see the standouts below.
Pros
- No one can trace your cryptocurrency transactions because you don’t need an account, proof of identity, or to know your customer (KYC).
- Because the wallet is decentralized, only you have control over your crypto and accessibility to your cash.
- Users’ backups and private keys are safely encrypted on the device at all times.
- Atomic Wallet works with most popular operating systems and gadgets, including Windows, MacOS, Android, iOS, Debian, Ubuntu, and Fedora.
- Wallet users can use their bank cards to purchase Bitcoin, Ethereum, and a few other cryptocurrencies directly from the wallet.
- Atomic Wallet supports a wide variety of local currencies.
- Multiple crypto assets are supported. Over 500 different cryptocurrencies can be safely stored, traded, and exchanged with Atomic Wallet.
Cons
- Not every cryptocurrency is obtainable for purchase.
- Like most other software wallets, Atomic Wallet cannot be used with physical wallet devices.
Great Staking Rewards
In addition to the above it also offers some of the best staking rewards we’ve come across. Some of the best examples are:
ZIL – 15%
NEAR – 11%
SOL – 7%
ATOM – 10%
Security
The password you create is the first line of defense for Atomic Wallet. If you want to confirm transactions or examine private keys, as well as access your wallet, you’ll need this password. A 12-word backup text is produced at random and stored alongside the user-created password to help you regain access to the wallet in the event that your device is misplaced or stolen. All information sent from or saved on a user’s device during a financial transaction is encrypted. To keep your financial data safe, Atomic Wallet employs both Advanced Encryption Standard (AES) and Transport Layer Security(TLS) encryption. Safekeeping of information is entirely up to the user.
Confidentiality and Privacy
When it comes to security and discretion, Atomic Wallet is unparalleled. Accessing wallet funds doesn’t need validation or Know Your Customer (KYC) norms.
Despite the wallet not generating a new address for each transaction and without having coinjoin activated, all transactions are completely private. A wallet must offer transaction anonymization techniques in order to facilitate coinjoin transactions.
Crypto Lists’ Expert Opinion: 9.3/10
In our opinion this is one of the best software wallets available on the market, and a superb choice for both newcomers into crypto and also seasoned pros looking for a safe place to store their coins and tokens. We give it a high score of 9.3/10!
FAQ
Am I able to use Atomic Wallet to get Bitcoin?
In case you were wondering, the Atomic Wallet accepts credit card payments for buying Bitcoin and other cryptocurrencies like Ethereum and Litecoin.
Atomic Wallet: who owns it?
Known for his work as the co-founder and CEO of Changelly, Konstantin Gladych is also the owner and CEO of Atomic Wallet.
Just how much cryptocurrency can I keep in my wallet?
Atomic Wallet is suitable for storing any quantity of Bitcoin or other cryptos.
Will there be any hidden costs when using Atomic Wallet?
There are no hidden costs associated with using Atomic Wallet. The exchange fees are 0.5% plus the commission charged by our currency partners. The total cost of your trade, including network and other costs, will be included in the estimate you receive before you complete the transaction.
