Nearly 90% of Atomic Wallet reviews are excellent - Here is why!

Atomic Wallet Review Contents

• Overview
• Services offered
• Payment and payout methods
• Fees
• Supported Assets
• Countries available
• Security
• Support

Overview

Founded in 2017, Atomic Wallet is a multi-platform non-custodial decentralized wallet. It’s a simple and powerful application that anyone can use, even without any previous experience. The user is in full control of their private keys. All crypto assets held by the wallet are stored on the blockchain rather than on the company’s servers.

Atomic Wallet supports more than 500 cryptocurrencies as well as staking for certain coins.

Services offered

Atomic Wallet allows standard wallet operations such as storing, sending and receiving crypto assets. Additionally it allows for:

• Exchange – Atomic Wallet allows you to exchange your crypto assets within the wallet, but the exchange operation is held by an external entity ChangeNow,
• Buy – It’s possible to make a fiat-to-crypto conversion in the Atomic Wallet, responsible partner for that conversion is Simplex,
• Stake – There are many staking options in Atomic Wallet, for details go here.

Payment and payout methods

• When a user installs the wallet on their device, they can fund the account with the credit card (the back-end processing is done through a safe third party, Simplex).
• It’s not yet possible to cash out from Atomic Wallet directly, a user needs to transfer their crypto assets to an external exchange that supports this feature.

Fees

Atomic Wallet, as almost all other services of this type, charges a user with a fee when you buy, transfer or exchange your crypto assets. The fee structure looks as follows:

For any crypto transaction transaction you will pay:

• Network fee – Almost all the transactions on the blockchain require a network fee. This fee is paid to miners to include transactions on the blockchain.

Additional fees charged for fiat-to-crypto purchases comprise 2 parts.

• Atomic Wallet charges a flat 2% fee, with a minimum of $10 per operation.
• Your card’s issuing bank charges a processing fee whose exact size depends on the bank’s policies. This fee can be quite high (around ~ 5%) as buying crypto purchases are seen as high-risk operations. Banks charge the fee to cover fraud and charge-back risks.

All of the fees that a user will be charged are presented in the wallet. If the price vary more than 2,5% between your order and the actual conversion time, the fiat-to-crypto conversion partner, Simplex, will notify you via email. You will have a choice to accept/decline the purchase within 24 hours.

Supported Assets

Atomic Wallet supports many different cryptocurrencies. In the company’s portfolio, a user might find the most popular tokens and many more. Those include:

Countries available

Atomic Wallet is an anonymous and decentralized software. It can be used anywhere in the world. However, we recommend using it with caution as trading crypto assets is considered illegal in some parts of the world.

Security

Atomic Wallet is a non-custodial decentralized wallet, which means:

• You own and are responsible for your backup phrase and private keys.
• Your backup phrase and a private keys are stored locally on your device, strongly encrypted.
• Atomic Wallet company has no access to your wallet and sensitive information.
• Your funds are securely located on the blockchain, Atomic Wallet is only an interface that is interacting with a blockchain on your behalf.

It’s also good to follow basic safety rules while using Atomic Wallet:

• Keep your device safe. If your device is compromised, the wallet can be compromised too.
• Never share your 12-word backup or private keys with anybody.
• Your backup is like a key to your wallet, whoever owns it owns the funds.
• Take your passwords seriously. Make a unique and strong password for Atomic Wallet and store it in a trusted password manager.

Support

Atomic Wallet provides a support center, where you can reach the support team directly, as well as read the guides on following topics:

• Getting started
• Assets
• Exchange
• Staking
• Troubleshooting
• Security