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Atomic Wallet Review: Security, Swaps and Supported Coins
Our Atomic Wallet review covers how this decentralized crypto wallet and exchange app can benefit you. It allows users to use their bank card to purchase cryptocurrencies such as Bitcoin , Litecoin , and Ethereum without the use of a centralized exchange. Let’s dive into all the features and functions of this wallet.
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- Over 500 coins and tokens supported
- Easy to use for beginners
- Very secure
- Free wallet
Meet Our Reviewing Team
Atomic Wallet Review: Pros & Cons
Pros
Over 500 coins and tokens supported by Atomic Swap
Private keys are encrypted and stored on your device
Easy to use
Compatile with nearly every device including Windows, Mac, Android, Linux and iOS
Ability to purchase cryptocurrency in wallet
Cons
Only certain cryptocurrencies available for purchase in wallet
No hardware wallet support
Support is mediocre
Is Atomic Wallet Good for Beginners?
The Atomic Wallet is good for beginners because it is free, and it allows buying crypto directly through the wallet if needed. This is in contrast with best cryptocurrency wallets such as Exodus, which requires you to buy crypto assets through a third-party exchange and send them to the wallet to begin exchanging them.
In addition, you can exchange almost any coin and token thanks to the Atomic Swap exchange within the wallet. There are also other such integrations for extra coverage.
Best Features
The Atomic Wallet’s best features are its cost, coin and token support. Other benefits include security and the ability to purchase cryptocurrency directly within the wallet with your bank card. The wallet is free to use, apart from network transaction fees. It also supports over 500 coins and tokens while providing access to other exchanges, covering as many crypto assets as possible.
The exchange is decentralized so all your assets are stored on the blockchain while your private keys are encrypted and stored on your device with a 12-word recovery phrase as backup. Being able to purchase cryptocurrency directly through the wallet with just a bank card allows even a crypto novice to begin exchanging crypto coins and tokens almost immediately.
Cryptocurrencies Supported
There are over 500 coins and tokens supported on Atomic Wallet including:
- Bitcoin
- Ethereum
- Litecoin
- Bitcoin Cash
- Ripple
- Stellar
- EOS
- Tether USD
- Cardano
- Bitcoin SV
- Tron
- Dash
- NEO
- Vechain
- OmiseGo
- Monero
- Cosmos
- Chainlink
- Brave Attention Token
- Binance Coin
- Tezos
For a full list visit: https://atomicwallet.io/prices
Security
The first stage of Atomic Wallet’s security is the user-created password. This is required for access, along with confirmation of transactions and viewing private keys. Backing up the user-created password is a randomly generated 12-word backup phrase which can be used to recover access if your device is lost or stolen.
All data stored on the users’ device, or sent when making a transaction, is fully encrypted. Both AES and TLS encryption are used to ensure secure transactions. Data is not stored on servers and the wallet does not store or have access to your private keys, meaning your safety is in your own hands.
Supported Operating Systems
A wide variety of operating systems are supported, including Windows, MacOS, and also a number of Linux distributions, including Ubuntu, Debian, and Fedora. On mobile, the wallet can be downloaded from both the Google Store and the App Store for Android and iOS devices.
Potential Dealbreakers
There are no potential deal breakers on the features side. However, as with all cryptocurrency wallets, the risk of losing complete access to your crypto assets exists. If you lose access to your device and lose your recovery phrase, you lose access to your cryptocurrency.
Frequently Asked Questions
Yes, Bitcoin, along with other assets such as Ethereum, and Litecoin, can be purchased directly through the wallet using your bank card.
Yes, Atomic Wallet is available on Ubuntu along with Debian, Fedora, Windows, and MacOS, while also being available on Android and iOS for mobile use.
Yes, Atomic Swaps are the main feature of the Atomic Wallet. Atomic Swap is the decentralized exchange housed within the wallet that allows users to exchange over 500 crypto coins and tokens at the click of a button.
Yes, Atomic Wallet is free to download. Users only pay transaction fees required to exchange crypto assets. You can download Atomic Wallet for free at: https://atomicwallet.io/
Atomic Wallet is owned by Konstantin Gladych, who is CEO, and also the co-founder and CEO of Changelly.
Yes, Atomic Wallet secures local data with an AES symmetric encryption algorithm and the data is transferred via BitTorrent protocol or by interacting with blockchains, and is secured with TLS asymmetric encryption.
Yes, the user controls their own private keys, they are stored on the users’ device and not stored or known by the wallet.
No, because Two-Factor Authentication is centralized by Google, Atomic Wallet has issues with allowing its use and does not support it at this time.
Any amount of cryptocurrency, large or small, can be stored on Atomic Wallet.
