Atomic Wallet Review: Security, Swaps and Supported Coins (2024)

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The Atomic Wallet is adecentralized cryptocurrency wallet and exchange app that supports over 500 coins and tokens. The wallet’s main feature is its decentralized exchange called Atomic Swap, which is what the wallet is named after. Founded in 2017 by Konstantin Gladych, the co-founder and CEO of Changelly, the Atomic Wallet supports multiple operating systems including Windows, MacOS, Android, and iOS. It allows users to use their bank card to purchase cryptocurrencies such as Bitcoin , Litecoin , and Ethereum without the use of a centralized exchange. It has become a popular wallet in the crypto community. Our Atomic Wallet Review will help you decide if it is right for you.

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Atomic Wallet Review: Security, Swaps and Supported Coins (1)

Evan Jones

Written by Evan Jones Arrow Right Cryptocurrency expert and consultant

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and v...

  • Atomic Wallet Review: Security, Swaps and Supported Coins (2)

|

Jul 9, 2024

Reviewed by Arthur Crowson

Atomic Wallet Review: Security, Swaps and Supported Coins (3)

Atomic Wallet

  • Over 500 coins and tokens supported
  • Easy to use for beginners
  • Very secure
  • Free wallet

CostFree to Download

Cryptocurrencies500+

Platforms SupportedWindows, MacOS, Linux, Android, iOS

Meet Our Reviewing Team

Keegan Francis
Mrugakshee Palwe
Arthur Crowson

Pros & Cons

Pros

  • Over 500 coins and tokens supported by Atomic Swap

  • Private keys are encrypted and stored on your device

  • Easy to use

  • Compatile with nearly every device including Windows, Mac, Android, Linux and iOS

  • Ability to purchase cryptocurrency in wallet

Cons

Beginner Perspective of the Atomic Wallet

The Atomic Wallet is good for beginners because it is free, and it allows buying crypto directly through the wallet if they do not already own crypto assets. This is in contrast with cryptocurrency wallets such asExodus, which requires you to buy crypto assets through a third-party exchange and send them to the wallet in order to begin exchanging them. In addition to this easy start-up for all users, the wallet allows you to exchange almost any coin and token. This is possible because of the integration of the Atomic Swap exchange within the wallet. There are other exchange integrations for extra coverage.

Atomic Wallet Review: Security, Swaps and Supported Coins (7)

Best Features

The Atomic Wallet’s best features are its cost, coin and token support. Along with its security and the ability to purchase cryptocurrency directly within the wallet with your bank card. The wallet is free to use apart from network transaction fees. It supports over 500 coins and tokens while also providing other exchanges apart from Atomic Swap in order to try and cover as many crypto assets as possible.

The exchange is decentralized so all your assets arestored on the blockchainwhile all your private keys are encrypted and stored on your device with a 12-word recovery phrase as backup should your device be lost or stolen. Being able to purchase cryptocurrency directly through the wallet with just a bank card allows even a crypto novice to begin exchanging crypto coins and tokens almost immediately after downloading it.

Cryptocurrencies Supported

There are over 500 coins and tokens are supported on Atomic Wallet including:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash
  • Ripple
  • Stellar
  • EOS
  • Tether USD
  • Cardano
  • Bitcoin SV
  • Tron
  • Dash
  • NEO
  • Vechain
  • OmiseGo
  • Monero
  • Cosmos
  • Chainlink
  • Brave Attention Token
  • Binance Coin
  • Tezos

For a full list of coins and tokens supported by Atomic Wallet visit: https://atomicwallet.io/cryptocurrency-prices

Security

The first stage of Atomic Wallet’s security is the user-created password. This password is required for access to the wallet, along with confirmation of transactions and viewing private keys. Backing up the user-created password is a randomly generated 12-word backup phrase which can be used to recover access to the wallet if your device is lost or stolen.

All data stored on the users’ device or sent when making a transaction is fully encrypted. Atomic Wallet uses both AES and TLS encryption to ensure secure transactions. Data is not stored on servers and Atomic Wallet does not store or have access to your private keys, meaning your safety is in your own hands.

Atomic Wallet Review: Security, Swaps and Supported Coins (8)

Supported Operating Systems

Atomic Wallet supports a wide variety of operating systems including the Windows, MacOS, and also Linux. In fact, Atomic Wallet supports a number of Linux distributions including Ubuntu, Debian, and Fedora. On mobile, the Atomic Wallet can be downloaded from both the Google Store and the App Store for Android and iOS devices.

Potential Dealbreakers

There are no potential deal breakers on the features side. However, as with all cryptocurrency wallets, the risk of losing complete access to your crypto assets exists. If you lose access to your device and lose your recovery phrase, you lose access to your cryptocurrency. The same risk continues to be true for the Atomic wallet.

Frequently Asked Questions

Yes, Bitcoin along with other assets such as Ethereum, and Litecoin, can be purchased directly through the Atomic Wallet using your bank card.

Yes, Atomic Wallet is available on Ubuntu along with Debian, Fedora, Windows, and MacOS, while also being available on Android and iOS for mobile use.

Yes, Atomic Swaps are the main feature of the Atomic Wallet. Atomic Swap is the decentralized exchange housed within the Atomic Wallet that allows users to exchange over 500 crypto coins and tokens at the click of a button.

Yes, Atomic Wallet is free to download. Users only pay transaction fees required to exchange crypto assets. You can download Atomic Wallet for free at: https://atomicwallet.io/

Atomic Wallet is owned by Konstantin Gladych, who is CEO. and is well-known as the co-founder and CEO of Changelly.

Yes, Atomic Wallet secures local data with an AES symmetric encryption algorithm and the data is transferred via BitTorrent protocol or by interacting with blockchains and is secured with TLS asymmetric encryption.

Yes, the user controls their own private keys, they are stored on the users’ device and not stored or known by Atomic Wallet.

No, because Two-Factor Authentication is centralized by Google, Atomic Wallet has issues with allowing its use and does not support it at this time.

Any amount of cryptocurrency, large or small, can be stored on Atomic Wallet.

Atomic Wallet Review: Security, Swaps and Supported Coins (9)

About the Author

EvanJones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.

Learn more aboutEvan Jones

Atomic Wallet Review: Security, Swaps and Supported Coins (2024)

FAQs

Which coins does Atomic Wallet support? ›

Supported Cryptocurrency Assets
  • Bitcoin (BTC) Bitcoin (BTC)
  • Ethereum (ETH) Ethereum (ETH) 5 %
  • Smart Chain (BSC) Smart Chain (BSC)
  • BNB (BNB) BNB (BNB) 5 %
  • (SOL) Solana (SOL) 7 %
  • (XRP) XRP (XRP)
  • Dogecoin (DOGE) Dogecoin (DOGE)
  • TonCoin (TON) TonCoin (TON)

Is the Atomic Wallet trustworthy? ›

Because Atomic Wallet is non-custodial, users are expected to ensure the safety of their own 12-word backup phrase and private keys. These are stored locally on their device, where they are strongly encrypted. Atomic won't ask for any personal information, so you can stay relatively anonymous while using the wallet.

How long does it take to swap Atomic Wallet? ›

Give it up to 20 minutes to finish; Eventually, the swap will be completed; If the swap isn't completed after more than 20 minutes, reach out to us!

Is Atomic Swap safe? ›

Atomic swaps use a hash timelock contract (HTLC) which acts as a “virtual vault” or “cryptographic escrow account” that keeps user funds safe and only executes when the correct amount of tokens has been deposited to the contract.

How did Atomic Wallet get hacked? ›

The hackers managed to exploit a vulnerability within the wallet's infrastructure, gaining unauthorized access to private keys and siphoning off user funds. The exact extent of the hack is still being determined, but preliminary reports suggest that millions of dollars' worth of cryptocurrencies were stolen.

Is Atomic Wallet better than Coinbase? ›

If you want to get a brief understanding of Coinbase vs Atomic comparison results, take a glance at the short table below. By comparing Coinbase vs Atomic overall scores, we clearly see that Coinbase has the higher overall score of 9.1. Atomic, on the other hand, has scored 6.1 final points.

What are the risks of Atomic Wallet? ›

The main risk in Atomic Wallet is if you lose your backup phrase or send it to another person.

What if Atomic Wallet goes out of business? ›

Your assets are stored on the blockchain.

Since Atomic Wallet is just an intermediary between you and the blockchain, your coins aren't stored by us. You're free to export your private keys anytime, and your funds wouldn't be put at any risk if our company was to close down.

Can you cash out on Atomic Wallet? ›

What's more, Atomic Wallet does not support withdrawals to fiat, while Zengo does via its trusted partners. According to their website, Atomic Wallet doesn't charge extra fees for transactions. However, you will have to pay blockchain network fees whenever you wish to withdraw from Atomic Wallet.

Does Atomic Wallet charge a fee? ›

Atomic Wallet doesn't impose any extra fees on transactions. However, we do charge additional fees on swaps: 0.5% plus our swap partners' commission.

Can I have two atomic wallets? ›

The only option to have two wallets on one desktop device is to create separate user accounts and manage two (or more) different wallets under these separate user accounts on your computer. You will have to download Atomic Wallet only one.

Is Atomic Wallet anonymous? ›

Only you have access to the wallet, and all the operations in the wallet require password confirmation. Atomic does not require verification or account creating. All the basic features in your wallet are anonymous.

Can atomic swaps be traced? ›

Can Atomic Swaps be Tracked? As atomic swaps happen on the blockchain, all transactions are transparent and can be tracked. However, the identities of the trading parties remain private unless they choose to disclose them.

How legit is Atomic Wallet? ›

Is Atomic Wallet safe to use? Atomic Wallet provides solid security features, and it doesn't store any user passwords, data, or seed phrases on its servers. All that information is stored on your device where you've installed Atomic Wallet.

What is the best crypto swap site? ›

Best Crypto Exchanges and Apps of July 2024
  • Best for Low Fees and Best for Experienced Traders: Kraken.
  • Best for Beginners: Coinbase.
  • Best Mobile App: Crypto.com.
  • Best For Security: Gemini.
  • Best for Altcoins: BitMart.
  • Best for Bitcoin: Cash App.
  • Best Decentralized Exchange: Bisq.

Which coins does Coinomi support? ›

Supported Currencies

Bitcoin (BTC) Ethereum (ETH) Ethereum Classic (ETC) Ripple (XRP)

Does Atomic Wallet support Usdt? ›

By choosing to use Atomic Wallet, you can store USDT tokens, swap Tether, and buy Tether with your bank card - everything you need, in one wallet app.

Does Atomic Wallet support ERC20? ›

Atomic Wallet supports ANY Ethereum ERC20 tokens. Manage the built-in ones or add any custom by sending it to your Atomic Wallet ETH address. Neat and simple! Furthermore, you are able to manage most top blockchains besides ETH: Bitcoin, Ripple, Litecoin, EOS, TRON and many more!

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