Atomic Wallet information
Description
Atomic Wallet is a decentralized crypto wallet that supports over 300 coins. Cryptocurrencies can also be bought, earned and staked on the associated website. The wallet is characterized above all by intuitive operation, the private storage of private keys, modern security mechanisms and broad support of operating systems.
About the company
The company, which was founded in 2017, has a competent founding team with a good reputation behind it. These include Changelly.com co-founder Konstantin Gladyсh (CEO), Charlie Shrem (strategic advisor) and Simon Dixon (advisor), who has made a name for himself as CEO of BnkToTheFuture.com and as a (co-)developer of cold storage technologies . Atomic Protocol Systems OÜ is registered in Tallinn, Estonia.
Usability
The developers of the Atomic Wallet have put a lot of effort into combining optimal usability with a high security standard. We believe that they have succeeded very well. The user guidance is consistent and intuitive, and many functions, some of which are quite complex for beginners, such as staking, are integrated directly into the app and explained in a clear and easy-to-understand manner. Despite its beginner-friendliness, the wallet does not lose any functionality for more experienced traders and investors. On the Atomic Wallet website there is also the "Atomic's Academy" which provides information for beginners.
Fees
Direct trading via the Atomic Wallet is handled by their Israeli partner Simplex and charged with a fee of 2% with a minimum fee of $ 10 per action. The respective credit card fees apply in addition.
Questions & answers
We have summarized the most important questions and answers about this provider for you and tried to answer them.
- In which languages is the interface available?
- What is the AWC token?
- How secure is the Atomic Wallet?
- How difficult is it to set up and install the Atomic Wallet?
- Is Atomic Wallet reputable?
In which languages is the interface available?
The website is available in 11 languages, including German, English, French, Spanish and Russian. The various desktop applications and the app for Android and iOS are currently only available in English. In the Roadmap for 2020 published on the official website, support for the most widely used languages is planned for 2021.
What is the AWC token?
The AWC Token is the Atomic Wallet Utility Token. With AWC you can save fees on the exchange, use certain trading options and earn affiliate bonuses. The token can also be used for staking. Further functions are being planned.
How secure is the Atomic Wallet?
Sufficient security options can generally be used with the installed Atomic Wallet. As with all software wallets, the application is only as secure as the operating system on which it is running. When the program is started for the first time, a seed phrase with 12 words is created, so you are in possession of your keys, so to speak. The installation data of the respective app or application on the end device is symmetrically encrypted via AES using the app password. On the one hand, it depends on how secure the selected password is and, on the other hand, whether the app or application is currently open in the event of a possible attack or virus attack. It should also be noted that smartphones in particular can be lost quickly. In this case, with a weak password, the wallet could easily be cleared out using brute force or dictionary attack. In addition to the password, authentication is possible via fingerprint or FaceID.
How difficult is it to set up and install the Atomic Wallet?
Setting up the wallet is quick and easy. On Android and iOS it is available directly in the respective app store and installation files are supplied for Windows and macOS. For Debian and Fedora based systems .deb and .rpm files are available. A Flatpak app image is also offered. After the installation, the seed phrase with 12 words is displayed and a password is set. In the settings, a fiat currency can be selected to calculate the equivalent value, and the private keys for all assets linked to the seed phrase and supported by Atomic Wallet can be viewed.
Is Atomic Wallet reputable?
Due to the technical implementation of the applications, the background of its founders and employees, Atomic Wallet is a reputable provider in our opinion. In addition to the good indication that no unrealizable or unforeseeable promises about profit prospects or other financial figures are made on the website, the code of the applications is also published on GitHub and can be viewed by everyone.