Exodus vs Atomic: Price, Security & Features (2024)

FAQs

Which is better Exodus or Atomic wallet? ›

Exodus transactions are faster and cheaper because the transaction size is usually smaller due to the Segregated Witness feature. This makes Exodus a better wallet than Atomic for lower network fees and speed.

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. If you keep your seed phrase safe and password safe, then your crypto will be secure.

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.

“Apple decided to remove the app because the wallet uses 3rd party for exchange,” an Atomic Wallet spokesperson said last December. “We are working on that. We will make an announcement once the app goes back live on App Store.” As of March 2022, Atomic Wallet is yet to make a return to the iOS store.

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

Atomic Wallet is a cold wallet type, all passwords and data are stored on the user's device and it is not kept at any server, so there is no custody risks or the possibility of losing funds through centralized services. The main risk in Atomic Wallet is if you lose your backup phrase or send it to another person.

Yes - if you have capital gains or income from your Atomic Wallet investment activities, you'll need to report these to your tax office and pay taxes on them.

Atomic Wallet is a cryptocurrency wallet that was founded in 2017 and headquartered in Tallinn, Estonia. This wallet supports over 500 crypto-based assets with 3 million downloads.

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.

Do you own your keys on Atomic Wallet? ›

Private keys

You have a private key for each coin (ETH, BTC, etc) individually. They are all stored on the device that your wallet is installed on. The only person who has access to said keys is you.

Headquartered in Nebraska, Exodus was founded by Daniel Castagnoli and JP Richardson in 2015 with an aim to enable easy access to cryptocurrencies for everyone.

Google Pay

It is a fast and secure in-store smartphone payment option built into Android devices that connects to your device primary account number. Similar to a lot of other mobile wallets, Google Pay uses NFC technology to make payments. You use it by tapping your phone on an NFC-enabled payment terminal.

We chose Trezor as best for security because it comes with the strongest security features and track record of any reviewed hardware wallet. Trezor, like Ledger, is a name synonymous with crypto cold wallet storage. Its Model T is the second generation of hardware wallets it's created.

Atomic Wallet is an interface that gives you access to your funds on the blockchain. The most important information, such as your private keys and backup phrase, is stored locally on your device and is strongly encrypted. The wallet and all the operations within it are protected with a password.

Choosing either the Coinbase wallet over the Atomic wallet depends on what the user needs. The Coinbase wallet could be more secure and versatile than the Atomic wallet, due to its support by a wide range of systems. Additional currencies and interactive videos are also available to aid users.

3,000,000+ Users Worldwide!

People are always the first priority for the Atomic Wallet team, and you're the greatest motivation to constantly work on the product. By the end of 2021 our distributed team has grown from 40 to 60+ people.

"Trust Wallet is the best and Safest decentralized crypto storage. Trust Wallet supports almost all of my crypto assets and also gives interest in staking some popular coins like BNB, TRX, and more." Devraj D.

The minimum amount for staking is 10 ZIL. The reward can be claimed with every block but separately from each validator. The process of ZIL staking with the Atomic Wallet is very simple. Check our step-by-step guide on how to stake ZIL.

Does Exodus charge fees for buying Bitcoin? ›

Almost all blockchain transactions incur network transaction fees (also known as gas) when sending crypto. Exodus does not keep any part of the transaction fees. 100% of these fees go to the network.

The higher the fee – the faster the speed. In Atomic Wallet, all the fees are set in such a way to ensure fast and safe confirmation on the blockchain according to the current loading of the network. Please note, Atomic Wallet doesn't take any fees for sending/receiving operations.

Once you've added ETH to Coinbase Wallet, you can you can swap your ETH for Atomic Wallet Coin right in the mobile app or browser extension. Tap or click the "Swap" icon in the Assets tab, then select "Choose asset" and pick Atomic Wallet Coin.

Yes, the IRS can track cryptocurrency, including Bitcoin, Ether and a huge variety of other cryptocurrencies. The IRS does this by collecting KYC data from centralized exchanges.

Regardless of which letter you may have received, all recipients of these letters should prepare for a crypto tax audit. Even if you haven't received a letter and you've not used an exchange that has been summoned by the IRS, the IRS may still audit your crypto investments.

You must report income, gain, or loss from all taxable transactions involving virtual currency on your Federal income tax return for the taxable year of the transaction, regardless of the amount or whether you receive a payee statement or information return.

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!

It is completely anonymous. We have no information about your balances, your transaction history, your identity, or your personal data. We have no access to your funds, private keys, or backup phrase. Our support team is only asking for the Atomic ID to investigate your case faster and clearer.

They can also freeze your account or seize your assets. Some exchanges delay for months in getting their customers' funds back to them. Some never return them at all. With Exodus, you own and hold your 12-word secret recovery phrase and private keys, and you have complete control over your funds.

Arguably, the safest way to store crypto is a hardware wallet. But as Marie explains, the effectiveness of cold storage depends on its careful use. “Hardware wallets are physical devices that securely store the private keys to your cryptocurrency addresses offline.

Where is the least safe place to keep your cryptocurrency? ›

Conclusion: In conclusion, keeping your cryptocurrency on an exchange is the least safe option. It is recommended that you store your cryptocurrency in a hardware wallet or a cold wallet. These wallets are offline and offer better security for your cryptocurrencies.

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.

Atomic Wallet & DOT: A Brief Overview

You can buy and sell your DOT for crypto in the Exchange tab in our app. Check our guide here for more info.

Atomic Wallet Tax Reporting

Simply navigate to your Atomic Wallet account and download your transaction history from the platform. Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!

There're no limits for crypto transactions in Atomic wallet. In order to perform transactions on Atomic wallet, you need to verify your account by uploading a photo ID. This is because the exchanges that process the transactions (e.g. buying crypto) are regulated.

You can stake your coins and earn rewards for validating transactions or, in other words, earn passive income for holding funds.

Like most wallets, Exodus does not report your transactions to the IRS and is not required to do so. However, it's important to understand that your crypto transactions are always subject to capital gains and income tax.

You can buy and sell crypto in Exodus using MoonPay. MoonPay is available in over 160 countries and 47 US states. MoonPay has 61 cryptocurrencies available for purchase globally and 29 cryptocurrencies available for purchase in the US.

Is the Exodus Wallet Trustworthy? Yes, Exodus is one of the most well-established, reputable, and secure crypto wallets available. The team behind Exodus are completely public and the company itself went public in 2021.

What is the best digital wallet for traveling? ›

Google Wallet and PayPal are two of the best digital wallets for travellers, offering unique features such as ease of use, wide acceptance, security, and buyer protection.

Crypto is less regulated, more volatile, and ultimately, a lot riskier than traditional banking.

If you plan to store one or two crypto assets and at the same time you do not have large transactions on the blockchain, then one wallet will do the job for you. However, if you plan to have large transactions and store and trade various crypto assets, then having multiple wallets is a way better idea for you.

Overview. Exodus is a payment processing software that helps professionals manage, exchange, send, or receive cryptocurrencies, such... Atomic Wallet is a web-based cryptocurrency wallet designed to help businesses and traders manage Bitcoin, Ethereum, Litecoin,...

In Exodus Mobile, first open your Cosmos (ATOM) wallet, then tap on the Stake icon to open the Cosmos rewards section. Tap on Stake ATOM. To start staking your ATOM, a) enter the amount of ATOM you want to stake and b) tap on Stake ATOM.

Exodus Wallet is a multi-blockchain crypto wallet supporting various crypto assets, including Cosmos' ATOM coin. Exodus wallet is available on multiple platforms, including desktop, web browser and mobile, and offers one of the best user interfaces in the market.

Launched as Atomic Swap in 2017 by Konstantin Gladych, the CEO and co-founder of Changelly, Atomic Wallet supports over 500 cryptocurrencies.

Exodus provides you with the software (the Exodus app) needed to transact your assets living on their respective blockchains. Therefore, restoring your Exodus wallet's funds is possible by exporting the wallet's secret recovery phrase (or individual private keys) into another wallet.

Real yields are higher than usual on Cosmos since early 2021. The high yield aims to incentivize ATOM stakers, so the staking ratio increases from 63% to 67%. Once the staking ratio increases back to 67%, rates will trend back down.

Can exodus freeze my funds? ›

They can also freeze your account or seize your assets. Some exchanges delay for months in getting their customers' funds back to them. Some never return them at all. With Exodus, you own and hold your 12-word secret recovery phrase and private keys, and you have complete control over your funds.