Are you looking for an Atomic wallet review? Then you're in the right place. Isn't just wallet review. I will be covering facts that every beginner should know.
Cryptocurrency wallets. It's a whole different level these days. There are over thousands of cryptocurrency wallets. But the fact is, only a few attracted users worldwide.
Actually it depends. On the features, security, and more. However, the wallets that are in the leaderboard today, is simply just the best ones. Including the wallet that going to be explained in this review.
So why do we waiting for it? Here's the complete comprehensive beginner's guide to the Atomic wallet. In this Atomic wallet review, you will know about its features, security, supported assets, and everything.
Here's what I will cover,
1. Atomic Wallet - Introduction
2. Wallet Features
2.1. Buy With Cards
2.2. Staking
2.3. Exchange
2.4. Membership Rewards
3. Security Features
3.1. Password Protection
3.2. Biometrics Security
3.3. 12-Word Backup Phrase
4. Supported Assets On Atomic Wallet
5. Fees
6. Setting Up Process and Buy Crypto on Atomic Wallet
6.1. Setting Up
6.2. Buy Crypto on Atomic Wallet
7. Atomic Wallet - Pros & Cons
8. Conclusion - Is Atomic Wallet Good to Use?
Atomic Wallet - Introduction
First of all, what is the Atomic wallet actually? It's a Decentralized Cryptocurrency Wallet with other important features. Not too old. The Atomic wallet was founded in 2017 by KONSTANTIN GLADYCH. He was also a co-founder of changelly.com. So he started the Atomic wallet with the experience that he had from changelly.com.
This is a software wallet available on both desktop (Windows. Mac, Ubuntu, Debian, Fedora) and mobile (iOS, Android) platforms. And it's completely free to use.
Talking about trust factors, this wallet is rated 4.6 out of 5 on Trustpilot, 4.5 on Google play store, and 4.6 on the iOS app store. Here are the reviews if you want to check them out.
There are also reviews from most famous cryptocurrency investors and project CEO's.
Wallet Features
You know, cryptocurrency wallet these days, are not just to secure your funds. They are offering some valuable features with the wallet. Like, cryptocurrency exchange, buy crypto with cards, and so on.
On Atomic wallet, here are the additional important services you get.
- Buy with cards.
- Staking.
- Exchange.
- Membership rewards.
Buy With Cards
This really useful feature that every wallet should have. Buy cryptocurrency with credit/debit cards. Let me show you why this feature is important.
Usually, you are using wallets to store all your cryptocurrencies brought from somewhere else. But what if your wallet offers you to buy cryptocurrencies directly with your cards?
There you get two advantages. First, no transaction fees. Second, it's simple and easy for you. 2 in 1. How cool is that? But limited cryptocurrencies available for buying.
Staking
On staking, you have the opportunity to delegate your assets to the validators and get rewards. It's like a fixed deposit. you stake coins and receive rewards according to the annual interest rate.
Check this image with interest rates for each coin that I took from the atomic wallet interface.
For example, let's say you stake 10000TRX on the Atomic wallet. You will get a 5% reward annually. That's 500TRX coins. Is it worth trying? Oh yes!
Exchange
The most popular feature of wallets. You know some best cryptocurrency exchanges out there. Exchange features on a wallet are so useful.
Yes. That feature is available in the Atomic wallet. It's called the instant exchange. More like a coin swap. You can instantly swap to any supported coin from what you have.
Membership Rewards
How does it feels like If you get a cashback bonus when you exchange coins? On the Atomic wallet, you have that opportunity. It is called Membership rewards.
But there's a catch. You get cash back rewards only if you buy and hold AWC tokens which is an official coin from Atomic wallet. (Depending on the amount you hold) Here how it works.
Security Features
The security of your wallet is so much important. Without security, it's nothing. But things are different on the Atomic wallet. Because this is a decentralized wallet.
First of all, I have to say, Decentralized wallets are the most secured wallets as long as how you use it. You know, decentralized means there's no central authority.
So you are the main responsible person for your wallet. Why? Because you have access to your private key. So it's your job to keep it secured and other stuff also.
However, there are some basic security features on the Atomic wallet. Let me show you.
- Password protection.
- Biometrics security.
- 12-word backup phrase.
Password Protection
Basic security option every wallet has. But when making passwords make sure it is strong. Use upper and lowercase letters, symbols, and numbers. A stronger password is always a plus point for your wallet's security.
Biometrics Security
This feature only available on mobile platforms. If your device compatible with biometrics features, then you have access to enable biometrics to your wallet instead of using passwords.
I highly recommend this feature.
12-Word Backup Phrase
This is used when you need to restore your wallet or your device gets lost then you have to set up your wallet in a new device. But remember, your wallet can be accessed with the 12-word backup phrase.
So you must keep your 12-word backup phrase very securely.
Supported Assets on Atomic Wallet
It's easy if your wallet supports a lot of cryptocurrencies. Because you have the chance to keep cryptocurrencies you love. In this wallet, there are over 500 tokens and coins are supported.
Check out that if your cryptocurrencies in this list.
See full list of supported assets.
Fees
This is completely free and no service charges when using the wallet. But there is a fee of 5% when you making card payments.
Talking about transaction fees when withdrawing funds, its a fee from the blockchain to validate the transaction. It's not a fee or charges from the Atomic wallet. Transaction fees are different coin to coin.
Setting Up Process and Buy Crypto on Atomic Wallet
Setting Up
It's not a complete review without this topic of Atomic Wallet review. Setting up a new wallet is easy as nothing. Simply download and install your wallet from the link below.
Open the wallet application and set your wallet password. Consider the facts that I have mentioned above to make your password stronger.
In the next step, you need to write down or print your 12-word backup phrase. Read and write carefully because the Atomic wallet does not ask you the words for the second time for validating purposes.
After, keep it very secure. Use it when you have to restore your wallet. And that's it. You have successfully created your Atomic wallet.
You can easily send and receive cryptocurrencies by clicking each cryptocurrency that appears in your dashboard.
Buy Crypto on Atomic Wallet
As i mentioned earlier, limited cryptocurrencies available for buying. However it is still worthy. Here how it's get done.
In the wallet dashboard, Click on Buy crypto.
Enter the amount you want to spend and select the cryptocurrency you need to get by clicking on the name. Here are supported cryptocurrencies to buy on Atomic wallet.
Bitcoin - BTC
Ethereum - ETH
Ripple - XRP
Litecoin - LTC
Bitcoin cash - BCH
Stellar - XLM
Tron - TRX
Binance coin - BNB
Dash - DASH
Cosmos - ATOM
Nano - NANO
Paxos Standard - PAX
Binance USD - BUSD
Tether - USDT
Multi-collateral DAI - DAI
After selecting, click on Continue. In the next step, you need to fill with your card details and you're done. It's just as simple. But remember! There's a KYC process (Know Your Customer) that you need to be verified. Follow the instructions it's not a thing.
Atomic Wallet - Pros & Cons
PROS
- Easy to use and beginner-friendly.
- Buy with cards feature.
- Over 500 cryptocurrencies are supported.
- Staking feature.
- Encrypted private key.
- Instant exchange.
CONS
- No Hardware wallets compatibility.
Conclusion - Is Atomic Wallet Good to Use?
Yes, it is. The Atomic wallet is a simple, clean, and clear decentralized multi-cryptocurrency wallet with some awesome additional features. However, this is so popular among cryptocurrency enthusiasts.
And its developers working hard to keep the Atomic wallet on track and give users the best service as possible. With product updates, you will get more features and more cryptocurrency support for sure.
Choosing the best cryptocurrency wallet is not that simple. Try to find user opinions always. Do you like this review? Are you using Atomic wallet? Leave your ideas and opinions below.
