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Atomic Wallet Review: Security, Swaps and Supported Coins

The Atomic Wallet is a decentralized cryptocurrency wallet and exchange app that supports over 500 coins and tokens. The wallet’s main feature is its decentralized exchange called Atomic Swap, which is what the wallet is named after. Founded in 2017 by Konstantin Gladych, the co-founder and CEO of Changelly, the Atomic Wallet supports multiple operating systems including Windows, MacOS, Android, and iOS. It allows users to use their bank card to purchase cryptocurrencies such as Bitcoin, Litecoin, and Ethereum without the use of a centralized exchange. It has become a popular wallet in the crypto community. Our Atomic Wallet Review will help you decide if it is right for you.

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

Atomic Wallet at a Glance

Wallet Type
Cryptocurrencies
Price
Released
Pin Code Protected
Frequency of Updates
Trust Rating
Software
500+
Free
2017
Yes
Medium
Medium

Beginner Perspective of the Atomic Wallet

The Atomic Wallet is good for beginners because it is free, and it allows buying crypto directly through the wallet if they do not already own crypto assets. This is in contrast with cryptocurrency wallets such as Exodus, which requires you to buy crypto assets through a third-party exchange and send them to the wallet in order to begin exchanging them. In addition to this easy start-up for all users, the wallet allows you to exchange almost any coin and token. This is possible because of the integration of the Atomic Swap exchange within the wallet. There are other exchange integrations for extra coverage.

Screenshot of the Atomic Wallet

Best Features

The Atomic Wallet’s best features are its cost, coin and token support. Along with its 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 supports over 500 coins and tokens while also providing other exchanges apart from Atomic Swap in order to try and cover as many crypto assets as possible.

The exchange is decentralized so all your assets are stored on the blockchain while all your private keys are encrypted and stored on your device with a 12-word recovery phrase as backup should your device be lost or stolen. 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 after downloading it.

Cryptocurrencies Supported

There are over 500 coins and tokens are supported on Atomic Wallet including:

For a full list of coins and tokens supported by Atomic Wallet visit: https://atomicwallet.io/cryptocurrency-prices

Security

The first stage of Atomic Wallet’s security is the user-created password. This password is required for access to the wallet, 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 to the wallet if your device is lost or stolen.

All data stored on the users’ device or sent when making a transaction is fully encrypted. Atomic Wallet uses both AES and TLS encryption to ensure secure transactions. Data is not stored on servers and Atomic Wallet does not store or have access to your private keys, meaning your safety is in your own hands.

Atomic Wallet 12-word backup phrase

Supported Operating Systems

Atomic Wallet supports a wide variety of operating systems including the Windows, MacOS, and also Linux. In fact, Atomic Wallet supports a number of Linux distributions including Ubuntu, Debian, and Fedora. On mobile, the Atomic 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. The same risk continues to be true for the Atomic wallet.

Frequently Asked Questions


Yes, Bitcoin along with other assets such as Ethereum, and Litecoin, can be purchased directly through the Atomic 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 Atomic 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 is well-known as 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 Atomic 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.

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About the Author

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.

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