My Experience with Atomic Wallet
History
Founded by Konstantin Gladych (former CEO of Changelly) in 2018.
Described by the Atomic team as a non-custodial multi-asset wallet that supports over 40 blockchains with 300+ custom tokens.
Non-custodial wallets are those that are secured by a private phrase also generally known as your private keys or seeds. The keys are stored on your device and encrypted. This provides you with full control of your portfolio unlike Custodial wallets where you only hold the tokens but not really in control of it. Any hack or fraud can leave your coins vulnerable.
I have been using Atomic wallet for 2 weeks now and below is my experience with the same.
Mobile Application
Front Page
As sen in the screenshot, this page lists all your coins. You have the option to show all coins or hide coins with zero balance. I transferred some ETH and all of our favorite crypto BAT to test and the transfer was easy although it did take some time to reflect in the wallet. I think the GUI is not as good when compared to other wallets. But it is pretty easy to understand and use.
Settings
You can see the various settings in the below screenshots. You can add tokens, connect your desktop or exchange wallets to Atomic wallet via Wallet Connect, participate in Airdrops, set password etc.
History
This page lists all your previous transactions. You can see some of my transactions in below screenshot. I like this feature a lot as it is very easy to reach compared to some other wallets where you keep looking for a past transaction option. If you tap an individual transaction it shows further details like the transaction hash and address.
Exchange
The exchange feature is very handy and very easy to access. It makes your life very convenient in case you need to swap your tokens. Although i recommend not to avail this service as the rates are not as economical as one would like.
Buy
I am yet to use this feature. But the 5% fee seems high. Convenient though.
Staking
Receive rewards on staking your coins. You can see the coins below which can be staked to earn rewards along with their % return. Doesn't require any KYC and you can unstake any time.
Atomic Wallet Membership
Along with the above benefits ATOMIC also provides an Atomic Wallet Membership. Basically you buy and hold AWC (Atomic wallet native token called Atomic Wallet Coin) and exchange any coin in atomic and receive cashback based on your membership level. Below are the membership levels.
Atomic Wallet Coin
As is the case with all the exchanges and wallets now, Atomic has also come up with their own internal token which is majorly used for staking, rewards and cashback.
The Extra Edge?
One thing to note about Atomic wallet is that Charlie Shrem is associated with the project. For those that don't know Shrem is one of the earliest adopters of Bitcoin and founded the now closed exchange Bitinstant. Shrem was also arrested in 2014 on charges of money laundering and providing assistance to the users of Silk Road in making illegal purchases. This arrest, many believe was not justified and see Shrem as a kind of rebel challenging government backed regulations. He has been a very vocal supporter of bitcoin and one of its earliest adopters.
