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Atomic Wallet AWC: A Non-custodian Mobile Wallet for Countless Cryptocurrencies

By 2sats | 2sats | 19 May 2022

*obligatory not financial advice*


What is Atomic Wallet?

Atomic is a mobile wallet for cryptocurrencies that supports countless of coins, offers staking and is easy to use.

It is a pretty straight forward and easy to use wallet. It is available as app for android, IOS and can also be downloaded as a desktop wallet for Windows and Mac. You can easily create a new wallet or import an old wallet with the 12 word seed phrase.

The wallet is anonymous and non-custodial which means that you are the only one who has access to your private keys and seed phrase, so you are the only one who can access the cryptocurrencies stored there, your keys are not stored anywhere outside of your phone. It is important that you write your 12 word seed phrase down so you have it as back up and never share it with anyone.

Atomic supports well above 300 different cryptocurrencies, which includes all the mainstream ones like BTC and LTC but also a few smaller coins and tokens. This makes Atomic Wallet a good choice for people that want to hold and use multiple different cryptos but don't want to handle a different wallet for every digital currency.

The app does not have any popular dApps, like Aave or Uniswap integrated but does support staking for a few coins. There is direct on-chain staking for Solana, Zilliqa, Cardano, Band Protocol, Cosmos, Tron, VeChain and a few more. There is also a native cross-chain swapping tool that lets you easily trade different cryptocurrencies directly from your wallet in exchange for a trading fee.

Atomic also lets you buy cryptocurrencies directly from its app via credit cards. However, you can only buy but not sell coins that way and there is a relatively large fee of 5%, so it would be better use a regular exchange like Binance or MEXC Global, but it’s still a very fast way of adding crypto to your wallet.

A hardware wallet like a Ledger or a Trezor is much safer if you plan on holding long term and a wallet like MetaMask or Trustwallet lets you interact with dApps on various blockchains which Atomic doesn't, but Atomic Wallet could be the right thing for you if you want a simple to use wallet that is free, anonymous and non-custodian but still also lets you stake some of your coins.



The AWC Token

Atomic also has its own cryptocurrency called Atomic Wallet Coin or short AWC. It is being distributed as cashback reward for users that buy crypto thru the Atomic Wallet app and can be staked for a high APY but it doesn't have much utility besides that, at least for now.

There is a max supply of 100,000,000 tokens of which half exist on Ethereum and the other half on the Binance Smart Chain. 10% of the supply was airdropped to users that traded cryptocurrencies with Atomic Wallet, another 10% are locked for liquidity so that the token can be swapped between Ethereum and BSC and the remaining 80% were set aside for possible future institutional investors.

The token doesn't have much utility right now but maybe it could give its holders discounts on fees for buying crypto with Atomic or will give its holders limited governance rights similar to Trustwallet. But for now the token doesn't seem very promising. However, you do not need to invest in AWC or hold any to use the mobile wallet.




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