Note:
Atomic Wallet is a wallet and its key task is to exchange and hold coins.
Atomic Crypto Wallet Review 2024
Updated: April 25, 2024
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Atomic Wallet has a user-friendly and intuitive interface that is easy to navigate, even for beginners. Atomic Wallet is generally safe to use. It has implemented security measures to protect users' money.
There are two main ways to earn a profit with cryptocurrencies:
Long-term investing. You buy cryptocurrency and hold it with an objective to sell it after a long period of growth. Cold wallets are designed for these purposes. They are installed on a user’s local computer and are autonomous from the Internet. Their drawbacks include high fees and low transaction speed.
Short-term speculative trading. The important factors here are a possibility to quickly buy/sell cryptocurrency at a minimum fee and a wide choice of trading assets. Cryptocurrency exchanges are designed for these purposes. Their drawbacks are the risk of account blocking and hacking.
Hot wallets, which are a combination of tools for active trading and long-term storage of cryptocurrencies, are the happy medium. Atomic wallet is one of them. Its features allow you to quickly exchange fiat money and tokens/altcoins, earn a profit on long-term investing through staking at up to 20% annual. Learn about Atomic Wallet, its features and benefits in detail in our review.
Our Rating
Trust Wallet Review
Safety
7/10
Usability
8/10
Best for
Investing in different altcoins and tokens
Your capital is at risk.
Atomic Crypto Wallet Profile
| Name | Atomic Wallet |
|---|---|
Website |
|
Supported Crypto Assets |
BTC, ETH, DOT, SOL, ADA, XRP, LTC, DOGE, SHIB, ATOM, AXS – the wallet supports over 300 altcoins and tokens |
Web 3 Support (dApps, NFTs) |
Yes |
Ethereum token support |
Yes |
Web Wallet |
Yes |
Mobile App |
Yes |
Cold Storage |
Yes |
Private Key Storage |
Not custodial – user stores a private key |
Linked Exchanges |
ChangeNOW |
Fees |
From 2-5%, but no less than 10 USD. There is a blockchain fee for in-wallet transactions |
Customer Support Channels |
The wallet’s support is available 24/7. You can contact the support by filling out the feedback form. |
What is Atomic Wallet?
Atomic Wallet is a cross-platform non-custodial cryptocurrency wallet for exchange transactions and long-term holding of tokens/altcoins. There are desktop and mobile applications of the wallet. It is an independent wallet that is not linked to any cryptocurrency startup.
The wallet was created in 2018 by a team from Estonia. It is based on proprietary blockchain and Atomic Swap protocol, which provides for a mechanism of ultra-quick transactions. There are no intermediaries – investors perform transactions directly with a contracting party using the wallet’s technology, thus minimizing the fees.
Things to know about Atomic Wallet:
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The wallet supports over 300 tokens and altcoins. Atomic Wallet has a built-in exchange mechanism that allows you to instantly exchange cryptocurrencies and fiat money at a rather low spread. The wallet supports over 18 fiat currencies, including USD, EUR, RUB.
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Atomic Wallet is a decentralized wallet that supports the anonymity principles. Unlike the exchanges, the wallet does not require full verification; a user does not provide personal data (except for a photo), but is solely responsible for his account after the generation of personal password and keys.
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The wallet supports staking of over 30 currencies at rather attractive profitability rates. If you plan to invest in cryptocurrency for a long time, for one month and longer, you can earn an additional 5-10%. Atomic Wallet has its own pool of validators, which provides maximum liquidity, verification speed, transaction confirmation and fair reward distribution.
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Atomic Wallet has its own native token AWC, which opens additional opportunities to its holders, including discounts, cashback, etc.
The number of the wallet’s users is currently over 3 million around the world.
Basic Functionality
Basic features of Atomic Wallet:
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Purchase/sale of cryptocurrencies without restrictions to the number of transactions and volumes. The wallet supports arbitrage strategies through the Atomic Swap instant trade execution mechanism.
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Staking, which is similar to deposits using cryptocurrency.
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Cashback, which is available to users working with the AWC, the wallet’s token.
We will focus on these features in more detail below.
Its main differences from cryptocurrency platforms include:
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The wallet is set up on a PC – it combines the features of a cold and hot wallet, which means that the coins can be held autonomously from the Internet on your computer/mobile device.
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Unlike cryptocurrency exchanges, Atomic Wallet is always available, when there is Internet access, while the accounts of an exchange become unavailable, if such exchange turns off the website.
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Atomic Wallet does not have a proprietary trading platform and instruments for chart analysis. It supports only direct purchase/sale of cryptocurrency.
Compared to other wallets, Atomic Wallet has the advantage of the transaction speech, average level of fees and a wide choice of cryptocurrencies.
Supported Coins
Initially, the wallet was designed to support major currencies from TOP 30, which were considered the most reliable ones as of the time of recovery of the cryptocurrency market after a deep drawdown of 2018. Subsequent growth of market capitalization and development of new cryptocurrency areas DeFi, DEX, GameFi stimulated expansion of the line of trading instruments, with the number of supported cryptocurrencies continuously growing following user requests.
Atomic wallet
Atomic Wall currently offers over 300 altcoins and tokens for active trading and passive investing:
1. For active trading:
Tokens of DEX exchanges: UNI, CAKE, etc.
GameFi tokens: MANA, etc.
Stablecoins: BUSD, USDT, etc.
Meme coins: SHIB, DOGE. These cryptocurrencies are more suitable for pumps and gambling trading.
AWC is the wallet’s native token. The token passed the listing of CoinMarketCap, and therefore, in addition to the Atomic Wallet platform, it can be purchased also on decentralized exchanges Uniswap and Binance DEX. It speaks for publicity of the Atomic Wallet platform and the interest of the cryptocurrency community in it.
For staking.
The wallet supports staking of 13 coins with the PoS/DPoS consensus algorithm. These include NEO, Tron, Solana, Tezos, etc. The yield rate is floating depending on the market situation. After the coins are blocked for staking, the yield rate is fixed by an agreement.
You can view the full list of cryptocurrencies available for trading and investing after installation of the wallet.
The full list of cryptocurrencies available for trading and investing
Atomic Wallet is one of few multi-currency wallets for fiat. It supports transactions with 18 fiat currencies. You can buy cryptocurrency for USD, EUR and other freely converted currencies, as well as for the South Korean won, Czech, Danish, Norwegian krone, national currencies of Israel, Turkey, South Africa, etc., provided that these currencies are supported by payment providers of the user.
Please, list all or give a link to the page, where you can find this info
Pros and Cons of Atomic Wallet
When it comes to selecting a cryptocurrency wallet, there are several factors that need to be considered. Below we’ll consider the pros and cons of an atomic wallet
Pros
Here are some of the advantages of using Atomic Wallet:
Device Compatibility
Atomic Wallet is compatible with many devices, such as desktops, laptops, and mobile devices. This feature implies that you can conveniently access your crypto assets wherever you are as long as an internet connection is available.
Simple User Interface
Atomic Wallet has a user-friendly and intuitive interface that is easy to navigate, even for beginners. You can effortlessly use the app and conduct transactions without any difficulties.
Multi-Asset Support
Atomic Wallet supports more than 500 different cryptocurrencies and tokens. This feature makes it ideal for individuals who manage multiple assets in one convenient location.
Security Features
Atomic Wallet offers various security features, including two-factor authentication, PIN code protection, and biometric authentication. These measures guarantee the safety and security of your funds.
Decentralised Exchange
With its built-in decentralized exchange, Atomic Wallet allows users to directly exchange cryptocurrencies within the wallet without relying on a third party.
Overall, these pros make Atomic Wallet a favorable option for managing your cryptocurrency holdings efficiently while prioritizing security measures.
Cons
In this segment, we will explore the drawbacks of using Atomic Wallet.
Not Hardware-Compatible
It is important to note that Atomic Wallet is incompatible with hardware wallets such as Trezor or Ledger. Consequently, users cannot transfer their private keys to a separate device for enhanced security.
Limited Crypto for Purchase
Currently, you can acquire only a limited number of crypto assets via credit card or bank transfer. The lack of this feature could disadvantage individuals interested in investing in less popular tokens.
No web-based interface
Unlike certain other wallets, the atomic wallet lacks a web-based interface. As a result, accessing your wallet can only be done through the app, which may not be suitable for everyone's needs.
Is Atomic Wallet a secure option for you? You can find out by giving it a try today and personally experiencing its high level of security and convenience.
Atomic Fees – Is it a Free Wallet or not?
Please, give main fees and charges briefly, if any
There are transaction fees in Atomic Wallet charged depending on the type of transaction. In FAQ, a 2% fee or a minimum of USD 10 for buying cryptocurrency is mentioned. The approximate final fee is shown in the wallet during execution of the transaction.
Fees
Note:
The fee may change, so make sure to take notice of the final amount specified in the wallet. In the case above, the fee for buying BTC is 5%.
There is also the blockchain fee for internal conversions – the fee of the blockchain of the cryptocurrency, which is distributed among its participants – miners.
Fees
Since third parties are involved in the execution of users’ orders, the developers of Atomic Wallet ask users to report the cases, when the actually charged fee is higher than the specified by 2.5%.
Is Atomic Wallet Safe?
Is Atomic Wallet safe? The level of its reliability is average. For registration, there is the standard password required and seed phrase. Also, there is superficial verification, where you need to provide a photo as a proof of identity.
Things to take notice of:
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The wallet does not provide for two-factor authentication. There is also no password confirmation via email or phone. Atomic Wallet does not collect user data, and therefore email, phone number, address are not required during registration. However, absence of two-factor authentication is one of the drawbacks of the wallet.
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Seed phrase is generated by the wallet during registration. In your personal accounts, in the Settings/Private Keys section, users can enter private keys.
Private keys
Private Key Storage
Atomic Wallet is a non-custodial wallet. This means that your private keys are not kept by third parties; you have full control of the wallet. For access, you need a personal password and seed phrase.
Does Atomic Support Cold Storage?
Yes, Atomic Wallet supports cold storage of cryptocurrencies. Cold storage means that the account with cryptocurrencies is placed on your computer and you have access to it even if you don’t have Internet access. At any moment, you can connect to the Internet to perform transactions.
There is no information about the hacks of Atomic Wallet. However, theoretically this situation is possible if the private keys are disclosed through:
The use of phishing sites;
Accidental disclosure of passwords;
Trojan virus or keyloggers (keylogger is a type of software that reads the actions of the user on the keyboard, screen).
Do not pass your personal data to anybody. Do not enter your personal data on somebody else’s PC; do not open unknown files, letters in your email.
Has Atomic Had Any Security Compromises?
The developers have put maximum effort into making the technological platform of the wallet hack-proof. Therefore, there are regular updates of the wallet published periodically on the website. However, the security of an account largely depends on the user.
Note:
There are several important security-related statements in the Terms of Service:
The wallet works with third parties (although it is stated that the transactions do not involve intermediaries): ChangeNOW and Simplex. You need to also review their terms of service.
“In no event will Atomic Wallet be liable for any loss connected to the services for an amount exceeding USD 50.” In other words, the platform disclaims any liability for user losses due to data entry errors, hacks, etc. On some level, this does not speak in favor of the wallet.
Before investing, make sure to read all regulating documents!
Atomic Features Review
Atomic Wallet has the main and auxiliary features. The main feature is the role of the hot and cold wallet and the auxiliary one – passive income of an investor through staking. The wallet is also marketing its native token AWC using the cashback program.
Purchase and sale of cryptocurrencies
The main feature of Atomic Wallet is the purchase and sale of cryptocurrency for short-term speculations and long-term storage. Atomic Wallet is a hot wallet that also supports cold storage. In order to buy cryptocurrency, you need to install the wallet on your PC or mobile device, set security and pass simplified verification. The minimum purchase amount is USD 50.
Note:
Atomic Wallet offers an opportunity to buy cryptocurrencies via ShapeShift exchange with Visa/MasterCard cards.
How to buy crypto with credit card
Staking
Staking is a type of passive income that implies buying cryptocurrency and its subsequent blocking in the blockchain network to maintain efficiency and liquidity. This is how it works.
You buy cryptocurrency which you can stake. Staking is possible only for the coins with the PoS consensus algorithm. Atomic Wallet offers 13 coins at the moment.
You choose the validator and stake the coin. A validator is a major participant of the blockchain that combines cryptocurrency capacities of private investors. The validators offered by Atomic Wallet are reputable and reliable. When you launch staking, it means that you block the coins on the account in your wallet for the period selected by you. Upon the expiry of the staking period, you receive a reward.
Atomic Wallet offers 0.5% - 20% profitability for staking. The reward is paid to the account in cryptocurrency every 3-7 days (staking conditions are individual for each cryptocurrency). The staking period is from 7-14 days. The minimum deposit for staking is USD 0.5-5 in cryptocurrency equivalent.
For long-term removal of the block, you need to activate the unstaking feature in your Personal Account. The cryptocurrency will be available for withdrawal after 21 days.
Staking
Cashback
The wallet’s loyalty program envisages cashback, a partial compensation or the commission in the amount of up to 1%. Cashback is awarded to the holders of the wallet’s native token for any cryptocurrency transactions. If an investor is not a holder of the token, the reward is 0.25% of the amount of the commission. The cashback is accrued to your account in the AWC token.
The wallet offers four statuses – from Blue to Platinum for active investors working with AWC. The status packages envisage investment amounts in the token at up to USD 100-600 per month. The Atomic Wallet promises an average payback period on the investment from 6 to 12 months thanks to the multi-level cashback and reward system.
Cashback
How to Download and Set up Atomic Wallet?
Please prepare the instructions on how to install and start using this wallet. We need similar format
You can install Atomic Wallet to a computer with Windows, Ubuntu, Fedora, or Debian operating system, and Android and iOS mobile devices.
The algorithm of installation and setup of the wallet:
1
On the homepage of the website, click on the Download button. Select the button with the corresponding operating system or device.
How to download Atomic Wallet
2
Install the wallet by launching the downloaded file. Enter a password that will be used to access the wallet. Then copy the seed phrase.
How to set up Atomic Wallet
The wallet has been created.
Here’s how its interface looks like:
Atomic Wallet Interface
The main menu is on the left. You can use it to manage transactions, view the history of movement of fiat money and cryptocurrencies, activate the cold wallet feature, etc. On the right, there is the main screen with the list of cryptocurrencies.
How To Use Atomic Wallet
All features of the wallet are located in the main menu on the left of the main screen. There are additional feature in the top right corner:
How to use Atomic wallet
Changing the view of the list of cryptocurrencies: short list or extended list with a common quotation chart.
Feature of working with the wallet’s tokens using a QR code.
Changing the view of the list.
You can filter the coins by increase/decrease of values in any of the columns.
How Do I Send Crypto Out of Atomic
In order to send something from the wallet you need to buy something. Let’s assume you have already bought coins and they are shown in the Balance column. You want to withdraw them to a debit/credit card (there are no other options). You need to:
1
Select in the main menu the corresponding option, specify the direction of the exchange – cryptocurrency is exchanged for USD, for example.
2
Enter details.
Next, simply follow the instructions. The amount of the fee will be shown before the transaction.
How Do I Exchange Crypto in Atomic
The algorithm is similar to buying or selling cryptocurrency. Select “Exchange” in the main menu. Choose the direction of the exchange and confirm the transaction. After the exchange is complete, you will see the Balance change in your wallet.
How to exchange crypto
How to Buy and Sell Crypto in Atomic Wallet
1
Click on Buy Crypto in the main menu.
How to Buy and Sell Crypto
2
Enter your card account details.
Card account details
3
Confirm the information you entered. The transaction is processed within 24 hours. In-wallet exchange transactions are completed instantly.
Atomic Wallet Platforms
The wallet is installed to PCs with operating systems Windows, Ubuntu, Fedora, and Debian. The latest version of the app for Android and iOS devices is available on Google Play and App Store.
Web
Installation of the wallet to your PC takes up to five minutes. All features and possibilities of the wallet are as described above.
Mobile
The set of features of the mobile version of the wallet are fully identical to the desktop version. The design is adjusted to the screen resolution and the focus is one performance of actions instead of viewing information. The features are still available: purchase/sale of cryptocurrency, staking.
Cold Storage
The wallet installed to your PC or mobile device is a cold wallet by itself if the Internet is disconnected. The information about the Balance can be viewed in the Wallet tab.
Cold Storage
Where Can I Buy Crypto?
Cryptocurrency wallets are convenient when your goal is long-term investing, periodic exchange of cryptocurrencies without the need for verification and compliance with the tough rules of KYC policy. If your goal is active trading at minimum expenses, cryptocurrency exchanges should be more convenient for you.
Coinbase is one of the best exchanges for cryptocurrency traders of all categories. Here are some facts about the exchange.
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Supported cryptocurrencies: over 200 cryptocurrencies of different types.
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Commissions and fees: conversion fee, commission for purchase/sale of cryptocurrency. The commissions and fees policy is flexible, depending on the trading volume, status of the trader, etc.
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Additional features: credit in fiat money with cryptocurrency as collateral, cold wallet feature, free cryptocurrency for passing an educational course, staking.
The advantage of Coinbase is that it operates within the legal field of a number of states. Therefore, the risks of running into an issue with a regulator or sudden blocking of an account are ruled out here.
Atomic Wallet – top 5 reviews
I tried to work with the wallet and I think it looks good. Accrual of cryptocurrency to the account takes several minutes. There have been delays, but they are not frequent. On the one hand, the wallet looks reliable, although absence of two-factor authentication is rather a drawback. On the other hand, the wallet has one of the biggest lines of cryptocurrencies, which can be instantly converted inside the wallet at a rather good rate (compared to the top exchanges and P2P platforms). Therefore, it is rather interesting primarily for the possibility of small payments, as the fees are not high. I can’t tell you how convenient this wallet is for long-term storage. I would still use the startup’s proprietary wallets, as that’s 100% security guarantee.
Reynold Mosley
47
London
When your goal is to buy cryptocurrency and put it in the cold wallet, Atomic Wallet is a good option, if you are planning to buy several different coins at once. The wallet offers a multi-currency account. If you need to quickly sell or convert – to connect to the Internet and complete the transaction within a few minutes. The transaction is performed directly from the wallet, i.e. from the software installed on your PC without the exchange – there is no additional verification, remembering of unnecessary keys and intermediary fees. If your goal is continuous purchase/sale, I would advise an exchange. Atomic Wallet does not have charts and it is very inconvenient, as you cannot see the quote dynamics. And it is also not convenient to open an additional chart, when you operate with a smartphone.
Magdalen Booth
32
New Jersey
This is a wallet of the “average” category. The features are convenient, the exchange speed is excellent and there are no issues with verification. The choice of tokens is excellent, but the commission is high. For certain cryptocurrencies, you can find a lower commission at the exchanges. The cashback option is nothing more than marketing. In order to get it, you need to register a membership by way of buying the AWC token, which you can’t sell or exchange anywhere else, because it is almost non-existent at the exchanges. Over the past year, it showed negative dynamics, which is why there is no sense in buying it.
Lee Davidson
24
New York
Atomic Wallet compares favorably with top wallets like Exodus or Comodo in terms of the following features:
- Atomic swaps – this is Atomic Wallet’s proprietary technology. The transactions are instant, other wallets may take several hours to credit the funds (I have some negative experience of dealing with Comodo’s support).
- Use of debit/credit cards. Atomic Wallet has this feature, although financial monitoring of the banks is a question for the users.
- Fees – Atomic Wallet compares favorably with Exodus in terms of some cryptocurrencies.
Atomic Wallet adds new cryptocurrencies from time to time. The general impression is that you can try this wallet in order to compare it with other wallets.
Erik Nicholson
22
Oslo
This wallet offers comparatively beneficial conditions for staking. For example Atom staking on Binance for 30 days is also 10%. With an increase of the period of blocking Binance raises the rate. However, Binance has draconian early unstaking conditions. At Atomic Wallet, they are also so-so, but at least without the loss of income. Also, on certain altcoins, there are more beneficial conditions in terms of profitability. Advice: compare staking conditions on specific coins with Binance and top wallets. It changes continuously depending on demand and general market capitalization. Therefore, there is an opportunity to snatch something interesting.
Adrian Cox
30
Chicago
FAQs
What is Atomic Wallet and how can it be of interest for an investor?
Atomic Wallet is a cryptocurrency wallet that combines two main features – a trading platform with over 300 cryptocurrency assets, and staking, which is a cryptocurrency deposit with the purpose to support the blockchain network that brings a profit in the form of interest to a passive investor. For an investor, Atomic Wallet is a perfect alternative to cryptocurrency exchanges and cold wallets with a relatively low transaction fee and narrow spread.
What are the pros and cons of Atomic Wallet compared to cryptocurrency exchanges?
Pros:
- Narrow spread thanks to access to the liquidity sources.
- Anonymity and zero issues with verification. Due to a large number of users, major exchanges create obstacles during verification, also due to the requirements of the regulators and KYC policy. There is no such issue with Atomic Wallet.
- Permanent access to the wallet. Unlike exchange accounts, which are blocked when the exchange’s website is disconnected, the users fully personally manage the wallet that they install on their device.
- High transaction speed.
- Support of 18 fiat currencies.
- Relative low entry threshold.
Cons:
- Limited functionality. There is no P2P platform, a long unstaking period.
- Relatively high transaction fees.
- Cashback is a marketing instrument. In order to get it, you need to purchase a certain number of AWC, which has negative price dynamics. The cashback offered for membership in the AWC community is generally unprofitable.
Atomic Wallet is a platform for traders that trade cryptocurrencies moderately actively and who don’t wish to deal with the exchanges due to the risk of exchange account blocking and possible hacks.
What are the costs of working with Atomic Wallet?
According to the website, Atomic Wallet charges a 2% commission per transaction, in the denomination of the transaction currency, or a minimum of 10 USD. However, the exact fee amount is displayed only in the wallet. No other fees are charged. A payment system / payment provider the user is working with may charge additional fees.
What are the risks of working with Atomic Wallet for an investor?
Atomic Wallet is a non-custodial wallet. This means that:
- Users do not provide personal data to the representatives of the wallet and third parties, except for their photo. On the other hand, if a user loses the password or the seed phrase, it is impossible to restore access to the wallet with its entire balance.
- User accounts cannot be blocked by regulators, tax authorities, or other third parties. There are no requirements to comply with KYC. On the other hand, the user bears sole responsibility for the wallet. Atomic Wallet is not liable for anything.
Any possible risks are related solely with the actions of the user, his investment decisions, organization of own security, including storage of keys, etc.
Team that worked on the article
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Cryptocurrency and stock expert
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.