Atomic Wallet - Best Choice for Crypto Beginners
Founded as Atomic Swap in 2017 by Konstantin Gladych, CEO and co-founder of cryptocurrency exchange Changelly, Atomic Wallet is often chosen as one of the best wallets.
Described as among the most secure platforms within the crypto-space, Atomic Wallet can brag about supporting more than 500 cryptocurrencies, its improved speed, privacy, and anonymity. It is convenient for both new and existing crypto traders.
According to reports, the Atomic Wallet is optimal for beginners because it is free. It is unique since it enables buying crypto straight through the wallet even if one doesn't own other cryptocurrencies. This is different from some other crypto wallets, which demand users to already have crypto previously bought on some other exchange and then sent to the wallet to begin trading. Furthermore, the Atomic Wallet enables users to store, swap, or exchange almost any coin and token since the Atomic Swap exchange is connected with the wallet. However, it allows the integration with other crypto exchanges for an extra fee.
The Atomic Wallet’s best features include its price and coin support as well as its security and the, already mentioned, possibility to buy cryptos straight through the wallet with a bank card. The wallet is free, but there are some network transaction fees. The Atomic Wallet's easy-to-use interface makes it an excellent solid option for crypto enthusiasts to securely and anonymously deal with their portfolios.
Alongside allowing users to swap, exchange, or convert crypto-based assets, Atomic Wallet enables traders to win rewards in different ways, like staking and cashback programs.
The exchange is decentralised, so all of the crypto assets are stored on the blockchain. Private keys are also encrypted and stored on private ledgers containing a 12-word recovery phrase as a backup in case a device is lost or stolen.
Atomic Wallet is protected by the user-created password needed to access the wallet. However, to do so, the user may need to confirm every transaction and confirm private keys.
To back up the password, the user has to remember (or write down) a randomly generated 12-word phrase used to recover access to the wallet if needed.
All data kept on the users' device or sent when making a transaction is fully encrypted.
Atomic Wallet uses so-called AES and TLS encryption for secure transactions. No data is kept on servers, and Atomic Wallet does not keep nor can access users' private keys.
Supported Operating Systems
Atomic Wallet supports numerous operating systems such as Windows, MacOS, and Linux.
Most Linux users favor Atomic Wallet as it supports popular Linux distributions like Ubuntu, Debian, and Fedora. The mobile version of Atomic Wallet can be downloaded from both the Google Store and the App Store for Android and iOS devices.
Only a few cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple's XRP, and Bitcoin Cash) can be bought in the wallet by using bank cards. Also, Atomic Wallet is not hardware-compatible such some other wallets.
Author: Teuta Franjkovic
A sincere writer with a strong will to share knowledge on all things blockchain, crypto, metaverse and DeFi. Starting out as a writer with Cosmopolitan, Teuta has risen through the ranks of business journalism, editing newspapers and websites within the fintech industry for over 15 years. She holds a double MA in Public Politics and Entrepreneurship.