Atomic Wallet was created with crypto traders in mind. The software seeks to provide users with a convenient way to manage cryptocurrencies. According to the vendor, Atomic has been downloaded 3+ million times so far.
What is Atomic Wallet?
Atomic Wallet is essentially a non-custodial decentralized wallet that allows you to manage your crypto funds. With the platform, you can host, send, and receive crypto coins while engaging in public/private key management.
Atomic Wallet summary
|Supported coins||Over 300|
|Supported hardware wallet||No|
|Charges||No fees are required to send or receive cryptos. A network fee is charged, though|
How does Atomic Wallet work?
When you instigate an exchange through this platform, your exchanged-from coin will be sent to your exchange partner’s address. The wallet’s ‘order history’ section is there to help you track the status of the exchange. Subsequently, the ‘history’ segment highlights all the incoming and outcoming transactions. The latter transaction records the coin sent out for the exchange, while the former one is the record of the asset you exchanged to. Before any exchange occurs, you are presented with the approximated amount, which is computed based on the market’s current situation.
Features of Atomic Wallet
The features of this tool include:
- Provides educational videos.
- An ambassador program is available for traders who would want to sensitize others about the platform.
- Allows you to stake your crypto assets free of charge and receive rewards directly from validators.
- Alerts/notifications are provided.
- Supports different operating systems, such as MacOS, Windows, Debian, Ubuntu, and Fedora.
What kind of wallet is Atomic Wallet?
Atomic is a hot wallet.
How to send cryptocurrencies using Atomic Wallet
To send cryptos through the platform, you can follow the steps below:
- Choose the crypto asset you desire to send in the wallet tab.
- Two icons will appear — receive and send. Click on the latter.
- Paste the receiving address into the field that appears.
- Enter the amount you want to send.
- A network fee is displayed under the available balance. You can opt to modify the fee by clicking on the ‘set fee’ icon. After that, click the send button.
- You will be asked to enter your password and click confirm.
- That’s it!
As mentioned earlier, Atomic Wallet supports hundreds of coins. They include but are not limited to Bitcoin, Ethereum, Ripple, Tron, Cardano, Dogecoin, Litecoin, Monero, and Dash.
Atomic Wallet privacy
The most vital data like your private keys and backup phrase is stored locally on your gadget and is encrypted strongly. The wallet and all operations are fully secured with a user-created password. Furthermore, the platform does not store any of your confidential data, thus ensuring you have exclusive ownership of your funds and keys. So long as your device is safe, your wallet will remain secure.
Does Atomic Wallet charge fees?
Sending and receiving crypto coins through Atomic Wallet is free of charge. However, a network fee is required. The fee size may be affected by the current load on the network. The more transactions there are on the confirmation queue, the higher the fee will be.
Customer support and reviews
You can search for your question on the platform’s knowledge base page, where common questions are covered. In case you are unable to find the answer, you can fill the form found on the support page with your questions. The team will reply within 1-2 hours.
Atomic Wallet pricing
You can download the software at zero fees.
Atomic Wallet vs competitors
Atomic Wallet has many competitors. Some of them include Exodus, Coinbase Wallet, Jaxx, Trezor Wallet, Trust Wallet, and Mycelium Wallet. To appeal to traders, these players seek to offer better features with regard to reliability, fees, and ease of use.
There are thousands of customer reviews for Atomic on Trustpilot. The software has received a rating of 4.2. Obviously, most clients are satisfied with its services. Some of the contented clients assert that the wallet is easy to use and secure. However, there’s a trader who complains about high network fees.
Final thoughtsFinal thoughts
- Supports many crypto coins
- Offers 24/7 customer support
- Is easy to use
- Network fees can be high
- Can be prone to security attacks if the user applies weak passwords
- Doesn’t support a hardware wallet