Atomic Wallet is an elegant and simple tool for managing all of your cryptocurrency assets. Through crypto staking, you can earn rewards on more than a dozen of the hundreds of cryptocurrencies it accepts. Additionally, there is built-in support for crypto purchasing and an exchange.

A multi-purpose wallet like Atomic Wallet will assist users in easing the process of maintaining, syncing, and utilizing their digital assets in a highly flexible manner, in addition to a number of Web3 wallet programs like Metamask or other digital wallets. A mobile wallet is called Wallet Trust.

Of course, an e-wallet won’t have the same level of security as a cold wallet like the Ledger, but does Atomic Wallet’s adaptability and flexibility make it worth using? Let’s look at the review written by Coincu.

What is Atomic Wallet?

Atomic Wallet is a non-custodial blockchain wallet that stores all data and passwords on the device of the user. It is well-known for having a user-friendly interface and offering a variety of services, such as the storage of cryptocurrency and non-fungible tokens (NFTs), crypto staking, and buying cryptocurrency in-wallet.

The development team claims that Atomic Wallet is a decentralized solution for crypto storage wallets. To ensure a positive user experience, the development team focused on the user interface and security features.

Atomic Wallet users can participate in the following activities:

Have digital currency resources been shipped off their wallet?
Import a Confidential Key to add Crypto resources.
Separately and securely store private keys.
Move cryptocurrency to different addresses.
Pick the cryptocurrency nodes you want to use.
Select Blockchain Explorer to use.
Terminals, which are sometimes referred to as hardware wallets, store the encrypted keys of the user. Passwords can be used to completely back up these keys for each type of cryptocurrency.

Atomic advertises itself as a decentralized, non-custodial wallet that lets users manage, swap, and trade more than 500 coins through a single interface. AWC tokens are created in the wallet. Staking, savings on exchange services, enhanced trading capabilities, affiliate awards and bonuses, and group-specific assistance are all available to AWC token holders. It professes to be the principal wallet to utilize Cross-Chain Nuclear Trade.

Atomic Wallet has been developed to work flawlessly on a wide range of operating systems, including Linux, mobile devices, and desktop computers. Because of its adaptability, asset transfer and receipt will be quicker and more adaptable.

if you use an Android mobile device but a macOS computer. On Android, a standard wallet won’t have much flexibility or support for apps—at least not on Apple’s App Store. Atomic Wallet is unique in that it supports the following operating systems:

• Windows
• MacOS
• Ubuntu
• Debian
• Fedora
• Android
• iOS

Highlights

Free cold storage

Most free blockchain wallets are hot wallets—that is, they are connected to the internet. Despite the fact that most cold wallets require hardware that must be purchased, cold storage is frequently regarded as the most secure alternative due to its offline nature. Because it is a cold wallet that is also free to use, Atomic Wallet is an exception.

It’s important to know that Atomic Wallet stores your data and passwords on your phone. Therefore, if that device is connected to the internet, so is your wallet. If you want to keep your wallet offline, hardware wallets are a better choice.

Offers crypto staking

Staking is a common strategy for expanding one’s cryptocurrency holdings. When you stake cryptocurrency, you use it as collateral and contribute to transaction validation and blockchain network security. In return, you will be rewarded in proportion to your stake. Using Atomic Wallet, which supports staking with more than a dozen cryptocurrencies, all of this can be completed quickly and easily.

Cryptocurrency purchases

made in-wallet Atomic Wallet’s partner Simplex lets you use your debit card to buy cryptocurrency. Even though this is useful, your bank will charge a 2% transaction fee in addition to any other costs. In the event that you anticipate putting resources into digital money frequently and making standard buys, look into crypto applications with diminished costs.

Pros and Cons

Pros

The Nuclear Wallet’s most grounded benefits are its minimal expense and similarity with coins and tokens. Along with security and the option to buy cryptocurrencies using your bank card right from the wallet. The wallet is free to use, with the exception of network transaction fees. It upholds north of 500 coins and tokens, as well as different trades than Nuclear Trade, to cover whatever number crypto resources as could be expected under the circumstances.

Since the trade is decentralized, your resources are all saved money on the blockchain, while your confidential keys are all encoded and put away on your gadget with a 12-word recuperation state as a reinforcement if your gadget is lost or taken. Even a crypto novice can begin trading cryptocurrency coins and tokens almost immediately after installing it due to the ability to acquire cryptocurrencies directly through the wallet using only a bank card.

Cons

Vulnerabilities that may exist

Least Authority conducted a comprehensive security assessment of Atomic Wallet and released its findings in February 2022. The exploration asserts that Nuclear Wallet has imperfections that put clients at serious risk, and it exhorts against utilizing the wallet. Atomic Wallet responded that it is working on solutions and that the discovered vulnerabilities do not pose a threat to fund usage.

Users of Atomic Wallet claimed total loss of their cryptocurrency holdings after the site was allegedly hacked recently. Numerous individuals have left comments on the page stating that the digital wallet app deleted their funds.

A crypto wallet’s security is its most important feature, so any claims of weaknesses are carefully examined. The flaws don’t appear to be significant from Atomic Wallet’s reaction, but it’s worth looking into before using it.

A limited number of cryptocurrencies are available for purchase

Numerous coins are not supported by Atomic Wallet. You’ll be limited to a couple of market pioneers, so to put resources into an assortment of crypto tokens, you’ll need to go somewhere else.

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Not open source

Nuclear Wallet, in the same way as other digital currency wallets, doesn’t make its source code open for public examination. In spite of the fact that we don’t look at this as a major issue, some digital currency financial backers imagine that holding their money in open-source wallets is more secure.

Features

Exchange

ShapeShift and Changelly services are involved when you use Exchange options. The providers take care of all operations after we connect their API to our wallet. Blockexplorers deal with your equilibrium and exchange history. Consequently, a dependable internet connection is necessary. You may experience connectivity issues and the balance may be displayed incorrectly in Atomic Sign: (-) if certain blockexplers are prohibited in your region or if CloudFlare has blacklisted your IP. Use a virtual private network (VPN) in these instances.

Please keep in mind that Atomic Wallet operates custody-free and decentralizedly, and that all of your transactions are routed over the blockchain. You are exclusively worried about blockchains and official hubs.

Atomic Swap

Atomic Wallet is able to support the cross-exchange capability of the blockchain. There are only three pairs available at the moment. We intend to offer Atomic Swap implementations for a wide range of additional assets in the future.

Atomic Swap is a technology based on smart contracts that lets you exchange one cryptocurrency for another without having to deal with a third party.

Settings

On the Settings tab, you can change your password, import your private keys, or access all of your private keys to send them to other services. As a result, you can switch wallets from Atomic to ones that accept 12 recovery words (seeds).

Wallet

By selecting “Send,” you can send payments to other addresses and see your asset balance on the Wallet page.

The equilibrium data acquired from blockexplorers and your USD balance is processed utilizing the latest market information. Every five minutes, it is refreshed.

You can also add custom ERC20 coins to this page that Atomic Wallet does not yet support. Simply enter the contract address for the token, which can be found at https://etherscan.io/.

Fees

Atomic Wallet does not charge any transaction fees and is free to use for crypto storage. When you send crypot to the blockchain in order to pay its validators, the network incurs fees. At the time of the transaction, this charge is calculated by the blockchain.

For acquiring and trading bitcoins, Atomic Wallet charges fees. This is the way the expenses work:

Atomic Wallet charges a 2% fee ($10 minimum) for fiat-to-crypto purchases made with a bank card. A fee might also be imposed by the bank that issued your card.
On exchanges, Atomic Wallet charges a 0.5% fee in addition to the exchange partner’s commission.

AWC Token

In the Atomic Wallet ecosystem, the Utility Token function of AWC is utilized for the following purposes:

Lessen administration costs on Nuclear’s trade by utilizing AWC Token.=
While buying Crypto utilizing a bank card on Nuclear’s foundation, AWC Token holders will pay a lower expense.
Reduce the cost of Atomic’s advanced trading features by utilizing AWC Token.
Use the AWC Token to get better support from Atomic’s staff (similar to having your own support phone number if you have Grab points and are ranked Platinum).
Atomic lists its token initiatives using AWC tokens.
AWC Token is additionally used to compensate clients in frameworks like abundance or token holders.