Atomic Wallet is a decentralized crypto wallet available on both mobile and desktop that allows users to buy, sell, and store more than 1,000 different cryptocurrency tokens. It strives to offer a simple and convenient solution for crypto investors. It also supports staking for users to earn passive income and the ability to buy leading cryptocurrencies with their bank cards. It was released back in 2018, with Konstantin Gladych in the role of CEO.
Both Atomic Wallet and Zengo are non-custodial crypto wallets, and therefore they share some similarities in terms of basic features and functionalities. However, there are some notable differences worth mentioning. Atomic Wallet is primarily focused on simplicity, a wide range of assets, along with staking options. Zengo, on the other hand, in addition to a straightforward user interface alongside its 24/7 customer service, aims to provide the safest environment possible for its users with its state-of-the-art security technology. 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. The size of the fee can vary based on network conditions. Users may also adjust the fee using the “Set fee” button when making a transfer, but it will delay the withdrawal if you lower the fee.
Atomic Wallet does not have any withdrawal limits at this time. This means that you’re able to transfer as much money as you like from place to place. Keep in mind that you will still need to cover the necessary network fees.
Withdrawals from Atomic Wallet may be complete in an hour or two, or they could take several hours or even multiple days, depending on the cryptocurrency, network conditions, and the amount of gas fees you have paid for your withdrawal.
There are some issues that users may run into when withdrawing funds from Atomic Wallet, such as connection problems, which can be addressed by reloading the wallet or checking the internet connection. Users may also encounter problems if they lack specific tokens needed for transaction fees or if they attempt to withdraw more than they have in their account without accounting for network fees or minimum unspendable balances. Furthermore, mistakes such as entering an incorrect address can lead to loss of funds. Therefore, be sure to verify all details before taking any action so the transaction goes smoothly. If you encounter any difficulties, you can submit a support request to Atomic Waller.
As of June 2023, Atomic Wallet does not support fiat withdrawals. If you want to withdraw money from this wallet to a fiat currency, like US dollars, Euros, or Pounds, you’ll have to first transfer your crypto to Zengo (or another wallet or exchange that supports a fiat offramp gateway). You can then withdraw directly from Zengo to your bank account in fiat currency.
