Atomic Wallet Review 2020

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 has compatibility with 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. This, coupled with its fast, secure transactions for a long list of coins and tokens, has made it popular within the crypto community.

Atomic Wallet Overview

Atomic

  • Over 500 coins and tokens supported
  • Easy to use for beginners
  • Very secure
  • Free wallet

Pros & Cons

The Benefits PRO's
  • Over 500 coins and tokens supported by Atomic Swap
  • Private keys are encrypted and stored on your device
  • Easy to use for beginners and experts alike
  • Compatile with nearly every device including Windows, Mac, Android, Linux and iOS
  • Ability to purchase cryptocurrency in wallet
The Downside CON's
  • Only certain cryptocurrencies available for purchase in wallet
  • No hardware wallet support
  • Support is mediocre

Atomic Wallet at a Glance

Wallet type: Software
Platforms supported: Windows, MacOS, Linux, Android and iOS
Price: Free
Released: 2017
Cryptos supported: 500+ including Bitcoin, NEO, Tron
Pin code protection: Yes
Frequency of updates: Medium
Trust rating: Medium

Beginner Perspective of the Atomic Wallet

The Atomic Wallet is good for beginners because it is free, and it allows them to purchase cryptocurrency 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 crypto coins and tokens. In addition to this easy start-up for all users, the wallet allows you to exchange almost any coin and token due to its combination of the internal Atomic Swap exchange and the other exchanges that have been added as extra coverage.

Screenshot of the Atomic Wallet

Best Features

The Atomic Wallet’s best features are its cost, coin and token support, security and the ability to purchase cryptocurrency directly within the wallet with your bank card. The wallet is free to use apart from the market value transaction costs required to make an exchange, meaning the wallet is accessible to all. 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.

Being that the exchange is decentralized, 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. Atomic Wallet supports a multitude of platforms ensuring almost anyone can access the wallet regardless of their OS choice, while also offering mobile support including fingerprint scanning for extra security. 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 ubiquitous Windows and MacOS but also Linux. In fact, Atomic Wallet supports a number of Linux distributions including Ubuntu, Debian and Fedora. On the mobile side Atomic Wallet supports both Android and iOS.

Potential Dealbreakers

As with all cryptocurrency wallets, if the user loses their access to their device and lose their recovery phrase, they are unable to access their assets and therefore lose them. This is a risk all users take when using a cryptocurrency wallet.

Atomic Wallet Frequently Asked Questions

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.