A Recap On Atomic Wallet
Just like most of my reader would have noticed by now that I’ve created quite a number of contents for Atomic Wallet. #lol the wallet is really worth thousands of reviews.
This particular content will be a final recap that will cover every other contents I’ve created for Atomic Wallet. This time around, the security of the wallet will also be review. I hope Y’all will enjoy the write-up.
Atomic wallet is currently the most talked about cryptocurrency wallet in the whole of crypto sphere, it provides the latest third party wallet that can be termed as an all-in-one cryptocurrency solution and tool.
The wallet has been review on virtually every cryptocurrency forums and online websites with numerous features which cover security, decentralization, anonymity, multi-currency support, atomic swaps, in-wallet exchanges, Buy cryptos and more. The wallet provides support for numerous coins with multiple devices.
In this Atomic wallet review I will take an in-depth look at the offering including the technology, safety and functionality. I will also give you some top tips around how make the most of the wallet and how to securely store your coins.
What Is Atomic Wallet
The Atomic Wallet is created as an universal all-in-one multi-currency wallet to help you store and manage over 300 cryptocurrencies, with more being added all the time. It emerges to curb away the need to have different wallet for every single coin you wanted to hold or buy.
However, the secure Atomic Wallet goes beyond only storage of crypto assets though. In addition to being a wallet it also provide users with various means to exchange crypto assets, it allows atomic swaps and fully integrated with Shapeshift and Changelly to exchange the coins that don’t yet support atomic swaps. You can even use a bank card to purchase Bitcoin, Litecoin, Ethereum and Ripple right from within the wallet
The Security Of Atomic Wallet
As a non-custodial cryptocurrency wallet, The Atomic Wallet was created to be 100% secure, provide you follow the security guidelines for using the wallet. Because it is an open-source wallet you can examine the code yourself to ensure it is free from bugs or other vulnerabilities. If you aren’t comfortable with code though you can be sure that the user community has looked into the code to ensure it is clean and without any security holes.
All your wallet password and paraphrase is stored only locally on your own device. With that said, you must ensure your own device is free from malware and viruses, and that it isn’t connecting to the internet via an unsecure Wi-Fi network. Connections to the internet always introduce some level of risk where cryptocurrencies are concerned, but you’re much safer when using a secured connection.
Security is also your concern. Always keep your backup phrase safe and secure. If anyone gets your backup phrase they would be able to recreate your wallet and steal your funds. Keeping your backup phrase secure and private is just as important as keeping your password secure and private.
It is advisable to write this phrase on a piece of paper and then store that paper somewhere secure like a bank safe deposit box or a physical safe. To be completely safe it is recommended that you make a minimum of three copies, and store each in a separate, secure location. This ensures you’ll be able to recover your wallet if something unexpected occurs to your computer.
Various Functionalities Of Atomic Wallet
1. Multi-currency support
The Atomic Wallet already has support for more than 300 cryptocurrencies and nearly all of the 500+ ERC-20 compatible tokens. You can store and manage BTC, ETH, LTC, XRP, BNB, TRX, BCH, XMR, DASH, ZEC, XLM, DOGE and so many others. You can see the full list of supported coins on their supported assets page.
Of course, although you may be able to store a wide array of coins on the wallet, they may not have the same functionality as some of the core wallets of particular cryptocurrencies. For example, if the coin has a specific staking protocol or the coin has a unique transaction mechanism.
2. Atomic Swaps
Atomic wallet is the first cryptocurrency wallet to incorporate Atomic swap into its platform. Thus, This is where the wallet got its name and as the atomic swap ecosystem develops it’s going to be a huge game changer for crypto. They are decentralised and do not require a large counter party to facilitate the transaction.
Atomic swaps work cross-chain and they entirely avoid any third-party risk from the person that you are transacting with. Moreover, given that these work across chain, fees are dramatically reduced. There is no need to first buy / sell any tokens on an exchange that will take their cut.
Currently the Atomic Wallet only supports atomic swaps for BTC, LTC and QTUM, but the team is working on integrating additional coins for atomic swaps.
3. Built-in Exchange
Because atomic swaps aren’t widespread yet, and the Atomic Wallet wants to be a solution for all user’s needs, instant exchanges are already integrated into the wallet. Users can access both Changelly and ShapeShift to quickly and easily swap cryptocurrencies at fair rates.
The combination of Changelly and ShapeShift make it possible to exchange over 100 different cryptocurrencies right from the wallet interface.
Moreover, given that these are instant crypto fiat exchanges, you can also buy coins with EUR and USD right in the wallet. You can also use the Changelly and Shapeshift credit card gateway to fund your account with any fiat currency really. This is through the Simplex card processing merchant.
This fiat functionality is something that really sets the Atomic wallet apart from some of the competitors. You do not have to use some large cryptocurrency exchange to first buy your coins and then send them to your wallet. The moment that you have bought these tokens they are placed in your wallet.
4. The User Interface
The Atomic Wallet is getting bounds of love for its sleek and user-friendly interface.
Navigation on the desktop wallet is on the left and you can easily move between the numerous functions. There are also a host of specific customisation options that you have at your disposal in the settings.
Something else that I found was super simple to use was their airdrop feature. This allows you to participate in any coming airdrops or bounties that are related to a particular token you have added. This could reduce the risk that many users may face when claiming airdrops from other online faucets etc.
5. Supported Devices
What I found quite impressive was the device support for Atomic wallet. For example, they are available in a desktop version on a number of different operating systems including Windows, MacOS, Ubuntu, Debian and Fedora.
If you are going to be downloading the desktop wallet then you will want to make sure that you are downloading the latest version. Also, for added security you could check the hash sum of the version that you are about to download.
The Atomic wallet is also supported on mobile devices and are available for download from stores. This is helpful for those users who would like to transact with their wallet while on the go.
I took a look into the reviews that are up in the Google Play store and the feedback appears to be quite positive. Most of the users were complimentary of the user interface and the functionality / coin support.
There were some suggestions around potential areas for improvement. For example, some people suggested that order customisation was limited in the wallet. What I also found really encouraging was that the Atomic wallet team was quick to respond to these queries even if they were not the most complimentary.
Atomic Wallet Setbacks For Far
Nothing is perfect and there are some things to dislike about the Atomic Wallet, though to be fair some of them are true for nearly any wallet, and some are actively being worked on by the Atomic Wallet team. So, what’s not to like about the Atomic Wallet?
1. The user remains completely responsible for security (true for all wallets);
2. Hardware wallet integration is still pending;
3. Very limited number of coins support atomic swaps
CONTACT ATOMIC WALLET
Website : https://atomicwallet.io
Telegram : https://t.me/atomicwalletchat
Twitter : https://twitter.com/atomicwallet
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