Believe it or not, exchanging and storing cryptocurrencies in a secure manner is tricky. It is so because this form of money is new to us and therefore we lack experience.
Many users ignore the fact that cryptos are complex and choose random wallets and exchanges for their crypto needs.
Foolish, I’d say.
Choosing the exchange and wallet without proper research and due diligence is foolish. You end up paying money to store your coins and then if your exchange or wallet is unreliable, you lose your hard earned money!
Paying the money and still losing funds, you may ask.
Yes. That is very common. And that is because of the centralized nature of our current crypto infrastructure and lack of proper education amongst its users.
In this introductory article of Atomic Wallet, we will cover:
- What is Atomic Wallet?
- Features Of Atomic Wallet
- Atomic Wallet Team
- Supported Currencies
- Supported Platforms
- Final Thoughts
What is Atomic Wallet?
Apart from being just a wallet, it is also an exchange through which you can exchange assets via its non-custodial Atomic Swap with the decentralized order book.
We have, in the past, talked about Atomic Swaps. Here is the link in case you want to refer to it again: What Is Atomic Swap and Why It Matters?
Features Of Atomic Wallet
Atomic Wallet is a smart amalgamation of the latest blockchain innovations and intelligent integrations to create a robust, on-demand service that allows users to reduce effort spent on managing crypto assets and makes it transparent and reliable.
Some of the notable features of Atomic Wallet are:
The Atomic wallet is multi-currency wallet where you can store multiple currencies at the same time. Moreover, it falls into the category of cold wallets because everything is stored only on your device and no information is left out.
It currently supports 300+ coins and tokens.
- Atomic Swaps
Atomic swaps, as the name suggests, is a way to swap one currency into another. But this exchange of currencies entirely avoids third-party risks and are cross-chain in nature.
So being an atomic swap, you need not to worry about your transaction failing or getting scammed because atomic swaps either happen in entirety or don’t happen at all.
- In-built Exchanges
The Atomic Wallet aims to be a single point solution. Therefore, it has integrated instant exchanges like Changelly into their interface for coins/tokens that don’t have atomic swap support as of now.
When you get started with the Atomic Wallet, you set a password and also get a seed (12-words) to secure your Atomic Wallet. Hence, you need not worry about your funds as you always remain in control of them.
Atomic wallet offers staking feature for many Proof of stake coins. The latest addition is popular Tezos (XTZ) staking that is also available on the Atomic wallet.
- Highly Secure & Intuitive
Atomic Wallet uses the highest standards of encryption in their wallet wherever required, and your seed information never leaves your device, which makes it highly secured. Learn more about Atomic Wallet security.
And their UI, I must say, is worth taking a look. It is easy to navigate and resembles a lot with the Exodus wallet which is a leader in desktop crypto wallets.
- AWC Token – Utility token
Atomic wallet is one of its kind crypto wallet to offer a utility token. Their token ticker $AWC is used for marketing, and traded on Binande DEX. They also incentivize users with AWC token who uses Atomic wallet to exchange.
The reward is added automatically with each exchange.
Atomic Wallet Team
The Atomic Wallet team comprises of crypto and blockchain pioneers, amongst which is their CEO Konstantin Gladych, also the former CEO of Changelly.
Which all currencies are supported by Atomic Wallet?
Atomic Wallet supports 300+ crypto assets as of now and virtually thousands of ERC20 tokens because there are more than 500 tradable ERC20 tokens.
Here is a sneak peek into some of the assets that Atomic Wallet supports:
To check the full list of supported coins, visit their asset page.
Cons of Atomic Wallet:
Even though Atomic wallet is a complete package, but there is always room for improvement. I believe these cons are more of the features that are lacking and should be added in the future versions:
- Lack of Wallet connect feature
- Defi ready
Atomic Wallet is available for all major operating systems such as (Windows, Mac, Linux, Debian, Fedora) so you need not worry about changing your operating system to enjoy its benefits.
Atomic Wallet’s mobile versions will be soon out so that you can enjoy the same service on the go on your iOS and Android devices.
Final Thoughts: Atomic Wallet review
Atomic Wallet is leading the way in the crypto-jungle towards more secure crypto storage and exchange.
It certainly has a long way to go as they only offer three currencies (BTC, ETH, QTUM) for swapping atomically. I would like to see a real acceleration in their development in this area.
Also, if they can implement atomic swaps across significant cryptocurrencies, the storage and custodian problem will be solved to a greater extent.
Also, they are developing their mobile apps, which is the way to go forward in this mobile-driven economy.
It will be interesting to see that how they go about implement lightning powered transactions and swaps in the future for currencies like BTC, LTC, XMR, BNB, ETH etc.
If you want to get more familiar with this wallet, I recommend you to watch their YouTube channel where they have many videos of Atomic Wallets.
Some official links that will help you stay updated with Atomic Wallet news:
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- Further readings on CoinSutra:
- MetaMask Wallet Review: How To Use MetaMask Wallet (+ Tutorials)
- The Best Available Stablecoins In The Crypto Market
Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in the fin-tech space.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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