Product Name: Atomic Wallet
Offer price: 0.0
Ease of Use
Hardware wallet support
Atomic wallet is a multi cryptocurrency wallet that offers a cross-chain crypto exchange. What that means is that you can permissionless convert your Bitcoin into Ethereum. You can also directly buy crypto using the Atomic wallet.
- Cross-chain Swap
- Easy to use
- Supports all popular operating system
- Proven track record
- Hardware wallet support is missing
June 2023 update – Seems like Atomic wallet has been compromised and as per latest data, about 20million worth of funds have been stolen from the Atomic users wallet. Make sure to transfer your funds from Atomic wallet to any other wallet like Ledger or Trust wallet. DO NOT USE ATOMIC WALLET!
Believe it or not, exchanging and storing cryptocurrencies securely is tricky. It is so because this form of money is new to us, and therefore, we lack experience.
Many users ignore the timeless advice that cryptocurrencies 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.
However, to save you from unfortunate events, the Atomic wallet and Atomic swap exchange have landed on the market!
In this introductory article on 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?
Atomic Wallet is a universal multi-currency wallet to manage your Bitcoin, Ethereum, XRP, Litecoin, XLM, and over 300 other coins and tokens in a single interface.
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 the 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 is cross-chain in nature.
So being an atomic swap, you need not worry about your transaction failing or getting scammed because atomic swaps either happen in their 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 its interface for coins/tokens that don’t have atomic swap support as of now.
Changelly give flexibility to investors to any time swap their cryptoassets from one to another as they also support more than 100+ cryptocurrencies on their platform.
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, also available on the Atomic wallet.
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 Binance DEX. They also incentivize users with AWC token who uses Atomic wallet to exchange.
The reward is added automatically with each exchange.
8. NFT Gallery
The Atomic wallet also offers NFT gallery, which lets you check your NFT portfolio on supported blockchains even if you are offline. At the time of writing this Atomic wallet review, they support the following blockchains for NFT:
- Binance smart chain
Atomic Wallet Team
The Atomic Wallet team comprises of crypto and blockchain pioneers, among 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, there is always room for improvement. I believe these cons are more of the features that are lacking and should be added in future versions:
- Lack of Wallet connect feature
- Defi ready
Atomic Wallet is available for all major operating systems such as (Windows, Mac, Linux, Debian, and Fedora) so you need not worry about changing your operating system to enjoy its benefits.
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 how they implement lightning-powered transactions and swaps in the future for currencies like BTC, LTC, XMR, BNB, ETH etc.
Some official links that will help you stay updated with Atomic Wallet news:
Like this post? Please share it with your friends on Facebook & Twitter!!
- Further readings on CoinSutra:
- MetaMask Wallet Review: How To Use MetaMask Wallet (+ Tutorials)
- The Best Available Stablecoins In The Crypto Market
About Harsh Agrawal :
An award-winning blogger with a track record of 14+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who believes in blockchain and the crypto world.
Join us via email and social channels to get the latest updates straight to your inbox.
Harsh has experience of 12+ years in Fintech and 7+ years in Blockchain and Bitcoin. He has also moderated the panel of Blockchain experts and attended international blockchain events like BTCMiami, and Token2049.
3 thoughts on “Atomic Wallet Review: Pros/Cons, Features & Is it Safe? (2023)”
I have this wallet. I’ve used the atomic and Changelly swaps with no issue whatsoever. I’ve tested the restore functions and they worked as expected. The only issue I had was when there was an update on the ADA coin network and my balance wasn’t showing. I contacted support from their site and heard back from them within a few hours. They took a look at the log file I sent them (exported from the wallet) and they advised I wait a few more hours and then refresh, I did and my ADA was back.
I suggest anyone give them a try and import a few tokens to experiment with.
Nice bit of feedback Ron.
Thanks I have just downloaded Atomic Wallet and made a small transfer so far so good! Looks like the future of safe and flexible transfer trade & storage is here!
What I miss in all reviews of modern wallets like these is where the actual wallet is stored? Is it stored on your device? Or on the cloud storage of the company providing the wallet? In the latter case you could lose access to your coins if the company behind the wallet went bankrupt.
Also is it possible to export the wallets private keys? So if needed, you could import them into another wallet to access your coins if for some reason the wallet software/company stops being updated or goes bankrupt (Like happened in the past with the Multibit bitcoin wallet which became obsolete and I had to export the private keys to import into electrum to get access to my bitcoin back)?
Where is(are) the wallet file(s) stored so I can manually backup them like I do with electrum, Electrum Cash, Doge Core, Litecoin etc. wallets.