Atomic Wallet Review: Is It Safe and Worth Your Money?

Introduction

Are you looking for a complete Atomic Wallet review? If yes, you must read this post. 

Atomic Wallet is a platform for fast cryptocurrency trading that holds more than 500 cryptocurrencies. It is a decentralized exchange that offers robust security safeguards and a user experience appropriate for crypto enthusiasts. 

Furthermore, Atomic provides services, including simple asset switching for more than 60 cryptos, Proof-Of-Stake (PoS) assets, and fiat currencies from 18 renowned international marketplaces. You can see from this Atomic Wallet review that it also provides rewards for exchange. Read on to get the complete Atomic Wallet review.

About Atomic Wallet

The Atomic wallet has become more well-known in the cryptocurrency world. The Atomic Swaps service, a Defi exchange, supports its key attributes. Konstantin Gladych, the Founder of Changelly and a fintech genius, introduced the Atomic swap exchange in 2017.

Moreover, the Atomic wallet allows users to purchase cryptocurrency tokens like Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC) using their fiat money bank cards. The hardware wallet supports quick access to operating systems like Windows, Android, macOS, and iOS.

How Does It Work?

Users can fortify their cryptocurrency holdings with private keys thanks to the capabilities of the best cryptocurrency wallets. This allows individuals total access to their assets and gives them independence from Atomic as Atomic has no access to the cryptocurrency wallets.

Furthermore, the blockchain network combines the users’ funds for a safe transaction. The Atomic cryptocurrency wallet is immediately connected with the user’s selected blockchain nodes. Additionally, it is possible to follow every bitcoin transaction made by a user, including their transaction history.

However, Atomic associates can assist with a range of various cryptocurrency trading endeavours, such as the purchase of key cryptocurrency exchanges.

Atomic Wallet Review Features

Here are some top-notch features of Atomic Wallet:

Security

Customers of Atomic Wallet, a non-custodial wallet, have complete authority over their secret keys, which are often encrypted and kept on their devices. This gives them full custody of their money. Since there haven’t been any reports of security breaches, the wallet has developed a reputation for security within the cryptocurrency community. However, Atomic Wallet needs users to provide their passwords to approve transactions.

Furthermore, when customers first set up their Atomic wallets, a 12-word recovery seed phrase produced randomly allows them to restore their accounts. The platform provides users with tools to protect their wallets, although the wallet’s code snippets are not open-source and not available for peer review. One of these resources emphasizes the value of using a VPN to access the wallet (VPN).

Privacy and Anonymity

 When it comes to confidentiality and security, Atomic Wallet is at the vanguard. Verification and KYC norms are unnecessary to access monies held in the wallet.

Furthermore, transactions are entirely anonymous even though the wallet does not create a new address for each transaction and does not support coinjoin. A wallet must implement transaction anonymization techniques to allow coinjoin transactions.

Customer Service

 Users of the atomic wallet have access to customer service around the clock through various channels, including the website’s help page, email, ticket system, and live chat.

Cost and Fees

 It costs nothing to install Atomic Wallet for either the mobile or desktop interface. Users must, however, pay transaction fees (network fees) to complete deals. These fees are paid to cryptocurrency miners, who approve transaction blocks and put them on the blockchain.

 The type of transaction being facilitated determines the network fees. For instance, the Ethereum network fees are based on the Gwei-measured Ethereum gas fees. Gas costs are comparatively higher when the Ethereum network is busy.

 Furthermore, the number of parameters a transaction may have might also affect the network fees. Since there isn’t a single $75 note, it can be divided into three smaller bills: $50, $20, and $5. The same is true for transactions involving BTC, LTC, and DGB. If you want to send 0.2 Bitcoin to a wallet, the transaction will probably be split into two pieces, 0.1 Bitcoin and 0.1 Bitcoin, meaning you will likely pay a greater network fee than if you sent 0.2 Bitcoin in one transaction.

 The “set fee” button and the slider on the send screen can also be used to modify network fees. However, it is critical to realize that network fee customization affects transaction speed. For example, it is “logical” that miners will compete to validate A’s transaction first if both intend to send 0.1 BTC each and set their network costs to $10 and $0.99, respectively.

 Furthermore, a third-party partner called Simplex makes it possible to purchase cryptocurrency in the wallet using a credit card. Such transactions are subject to a fixed fee of 2 per cent with a $10 transaction cap. Depending on the underlying policies, bank fees can also be applicable.

Conclusion

With this, we wind up the Atomic Wallet review. On the contrary, Atomic Wallet competes with its peers by supporting a variety of crypto-based assets and enabling users to purchase, exchange, and convert cryptocurrencies.

Furthermore, this wallet, which has a user-friendly design, is appropriate for both new and experienced cryptocurrency investors who want speed, security, privacy, and anonymity when maintaining their portfolio and conducting transactions.