What is Atomic Wallet
Users of Atomic Wallet can store, manage, and exchange different digital assets within a single application. It is a cryptocurrency wallet. Over 500 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others, are supported by the platform since its 2018 launch.
In addition to a mobile app for iOS and Android devices, Atomic Wallet is accessible as a desktop application for Windows, Mac, and Linux computers.
The wallet’s user-friendly design and straightforward interface make it possible for customers to manage their crypto assets without the need for specialized technical knowledge.
Atomic Wallet’s integrated decentralized exchange (DEX), which enables users to transfer cryptocurrencies without the need for a centralized exchange, is one of its primary advantages. Additionally, the wallet supports staking for a number of cryptocurrencies, enabling users to get paid to keep their assets.
Atomic Wallet places a high premium on security. To safeguard users’ assets, the wallet uses a variety of security features, such as 2-factor authentication, biometric login, and a backup seed phrase for wallet recovery. In general, Atomic Wallet is a well-liked option for users looking for a safe and simple wallet to manage their cryptocurrency assets.
The history of Atomic Wallet
In 2018, Konstantin Gladych and Charlie Shrem introduced Atomic Wallet. Charlie Shrem is a pioneer of Bitcoin and an entrepreneur, while Konstantin Gladych is a former CEO of Changelly and a blockchain enthusiast.
The goal of Atomic Wallet was to develop a decentralized, non-custodial wallet that would enable users to safely and anonymously store, manage, and exchange their cryptocurrency holdings. The creators recognized the need for a wallet that would give users the ability to control various cryptocurrencies through a single application and have a built-in decentralized exchange for trading between coins.
Early in 2017, a group of developers started working on Atomic Wallet to create a wallet that would be suitable for cryptocurrency users. The team concentrated on developing an easy-to-use user interface that would let customers quickly manage their bitcoin assets without the need for technical knowledge.
The initial iteration of Atomic Wallet, which supported Bitcoin, Ethereum, and more than 300 additional cryptocurrencies, was released in the summer of 2018. Since then, the wallet has continued to add features and support for other cryptocurrencies, such as staking and an integrated decentralized exchange.
Over a million people use Atomic Wallet globally now, making it a well-liked option for anyone looking for a simple and safe way to handle their bitcoin assets. The development team is dedicated to giving customers a dependable and practical way to handle their digital assets, therefore the wallet is continuously evolving and getting better.
How Atomic Wallet works
Here’s a brief overview of how Atomic Wallet works:
- Install the Atomic Wallet app on your PC or mobile device after downloading it.
- Using a recovery phrase or private key, create a new wallet or import an existing one.
- Following wallet setup, you can begin controlling your cryptocurrency holdings. By picking the “Add Coin” option in the wallet interface and then selecting the desired cryptocurrency, you can add new assets.
- You can purchase bitcoin using your credit card, a bank transfer, or other payment methods directly from Atomic Wallet.
- Using its integrated decentralized exchange (DEX), Atomic Wallet also lets you trade cryptocurrencies with other users.
- Staking is also supported by Atomic Wallet for a number of cryptocurrencies, enabling users to get paid for storing their holdings.
- Atomic Wallet combines cutting-edge security features including two-factor authentication, biometric login, and a backup seed phrase for wallet recovery to safeguard the security of your cryptocurrency assets.
Overall, Atomic Wallet provides a straightforward and user-friendly approach to securely and privately manage your bitcoin assets. The wallet is made to be user-friendly so that both inexperienced and seasoned users may use it.
Is Atomic Wallet safe
The wallet employs a range of security features to protect users’ assets, including:
- Private keys are used to access and maintain a user’s bitcoin holdings. Atomic Wallet safely keeps users’ private keys.
- Atomic Wallet enables two-factor authentication (2FA) to offer an extra degree of security to user accounts.
- Atomic Wallet’s mobile app lets users log in using their biometric information, such as a fingerprint or facial recognition, to access their wallets.
- Atomic Wallet gives customers a backup seed phrase that they can use to restore their wallets if they misplace their private key.
- Decentralized Exchange: Users can trade cryptocurrencies directly thanks to Atomic Wallet’s integrated decentralized exchange (DEX).
It’s crucial to remember that no wallet can ever be completely secure, therefore users should constantly take extra precautions to safeguard their valuables. This entails making use of strong passwords, protecting their private keys, and turning on all security features.
Is Atomic Wallet free
Yes, Atomic Wallet is a free cryptocurrency asset management wallet. There are no costs associated with creating or using a wallet, and users can download and install the wallet application on their desktop or mobile device without charge.
However, Atomic Wallet does levy fees for specific actions, like cryptocurrency exchanges or withdrawals. These charges differ based on the cryptocurrency being exchanged and the state of the market.
Additionally, Atomic Wallet provides premium features and services like Atomic Swaps, which let users exchange cryptocurrencies decentralized exchanges. Usually, there are extra costs associated with these premium features.
Atomic Wallet is a free and open-source wallet for managing bitcoin holdings overall, but users should be mindful of potential costs for specific transactions and premium services.