Atomic Wallet Review Australia – Is It A Safe Wallet For Your Crypto Coins?
Hello everyone today we are back with yet another crypto wallet review, the Atomic wallet review Australia.
Atomic Wallet is a universal multi-coin, noncustodial wallet available for the web, Android, and IOS. It allows users to store Bitcoin, Bitcoin Cash, and more than 300 cryptocurrencies in their wallets.
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Atomic Wallet Review Australia – Popular Crypto Wallet Reviewed 2022
As per our research on Atomic wallet review Australia, we found that the Atomic Wallet has the functionality of a centralized exchange combined with the security of a decentralized wallet.
It allows users to manage their private keys on their own devices and access instant cross-exchange trading through Cross-chain Atomic Swaps.
As Atomic Wallet is not a custodian of users’ funds, all funds are in users’ complete control at any given time.
| Wallet name | Atomic Wallet |
| Wallet Type | Software wallet |
| Mobile Support | Android and iOS |
| Supported Operating Systems | Windows, macOS, Linux, and Fedora |
| Cryptocurrencies Supported | 300+ |
| Beginner Friendly | Yes |
| Pros | Atomic Wallet has a built-in instant exchange |
| Cons | The overall support for customers can be improvised |
| Key Features | |
| Fees | Flat 2% |
| Security | 2-factor authentication |
| Customer Support | 24/7 customer support |
What Is An Atomic Wallet?
Atomic Wallet is a secure way to store Ethereum, Litecoin, Bitcoin, and many other Cryptocurrencies.
It is an all-in-one application for managing your cryptocurrencies. And only you have access to it – no one else can spend your funds without your authorization.
You are the only one who can access and manage your wallets because they are created with your private keys.
As per our research for Atomic wallet review Australia, Your private keys are encrypted on the servers, so even the authorities cannot reach them and send coins on your behalf; this way, the safety of your assets is assured.
5 Key Points on Atomic Wallet
Decentralized Atomic Swaps – Atomic Wallet is based on the Swap protocol; it enables wallet-to-wallet decentralized exchange on a cross-chain basis. The wallet can store both Ethereum blockchain tokens and assets working on other blockchains.
Anonymity – All wallets are created in your local environment with your private keys; the trading history cannot be tracked as orders are match-made between wallets in a peer-to-peer manner.
Security – A user must confirm every transaction before sending (the transaction is still not sent to the blockchain, only to your wallet.
Full control – All funds are managed in your wallet; if you want to spend some of your funds, you can always do so by using your private keys
Order books – The Atomic Swap wallet provides the order book of all swaps made between wallets and allows the trading of this order book.
Atomic Wallet Mobile App
This is a wallet for Ethereum, Bitcoin, and ERC-20 tokens. It’s an open-source project available for Android and iOS.
Atomic Wallet provides an easy way to create reliable cryptocurrency wallets without downloading and syncing blockchain data! The service allows you to manage your funds and the funds of others securely.
It has a clean and user-friendly interface, even for first-time users. The app is available on both Android and iOS.
The service supports various cryptocurrencies. Atomic Wallet also has an Atomic Swaps feature, which allows you to quickly exchange one cryptocurrency for another without waiting for confirmations of transactions to finish.
Atomic Wallet Supported Operating Systems
The Atomic wallet’s operating system support includes Windows, macOS, Linux, and Fedora. The Atomic wallet is a multi-currency wallet so that you can store various forms of cryptocurrencies in one place.
It supports over 300 types of cryptocurrencies. The list and quantity of coins vary due to exchange rate fluctuation and updates by new coins.
The main assets, which can be stored on the desktop version, are BTC (Bitcoin), LTC (Litecoin), ETH (Ethereum), BNB (Binance coin), OMG (OmiseGo), and SNT (Status Network Token).
Atomic Wallet also has a built-in exchange. You can instantly exchange your assets within Atomic Wallet via Changelly or ShapeShift.
Even if you are offline, you can do it with no need to log in to any third-party service and input any financial information there.
Atomic Wallet User Experience
The user experience of an atomic wallet is perfect for anyone looking to invest without any hassle or complexity.
Atomic Wallet has made considerable strides in the cryptocurrency space by developing a mobile-friendly cross-platform app that allows people to access their digital holdings from anywhere via their smartphone device.
The wallet supports 300+ cryptocurrencies, tokens, and assets, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and ERC20 tokens.
More coins are being added as Atomic Wallet develops and is updated by its team of developers. The user interface of the application also adds to a better user experience.
The swift exchange of tokens and proper gatekeeping security measures make keeping your cryptos not a nightmare anymore.
Atomic Wallet Pros and Cons
In this section of Atomic wallet review Australia we will discuss some of the pros and cons of the Atomic Cryptocurrency Wallet
Pros
- Atomic Wallet allows you to store both ERC20 tokens (smart contracts) and custom tokens built on Ethereum Blockchain.
- ERC20 Support: Atomic Wallet supports the entire range of ERC20 tokens, including; Icon (ICX), Aventus (AVT), Santiment (SAN), Populous (PPT), and Request Network (REQ).
- Address Book allows you to save your addresses for easy access
- Built-in Changelly Exchange: Atomic Wallet has a built-in instant exchange that supports over 300 cryptocurrencies.
- Security: Your private keys are encrypted and never leave your device
Cons
- Des does not entertain hardware wallet support
- The overall support for customers can be improvised to provide a more refined experience.
Atomic Wallet Features
Secure Atomic Swap Exchange: Atomic Swaps is a trading technique where two parties agree that they will swap tokens on different blockchains.
This process transfers ownership of one cryptocurrency from one party to another without requiring any human-to-human interaction or trust.
It is often seen as a potential solution for cryptocurrencies that suffer from low liquidity and the need for large exchanges and gateways to facilitate transactions. The atomic wallet provides the required.
Suitable for Novice Traders: Atomic wallet is the easiest and safest way to buy and sell cryptocurrency. It’s not just secure storage, but it also provides you with 2-factor authentication, multi-device support, and more. In this article,
Unlike stock market trading, which requires a considerable investment to start trading, you only need to buy a small amount of cryptocurrency.
You can start trading from day one as long as you have Internet access. Everyone can use this platform with no barriers. In other words, if you are worried about the security of your funds, you can use an atomic wallet for the security features that we have mentioned above in this Atomic wallet review Australia.
Atomic wallet is easy to handle even for beginners with its simple user interface. Its intuitive step-by-step guide is an excellent learning tool for beginners in trading altcoin pairs (Bitcoin and Altcoin).
Atomic Wallet Fees
Atomic wallet charges $2 for a $10 transaction. Atomic wallet is an open-source personal wallet and cryptocurrency management tool designed to be easy and lightweight.
Easy access to your wallet is just a few clicks away, making it possible to have complete control over your digital assets and enjoy the peace of mind that comes with doing so.
Atomic Wallet also provides users with an easy-to-use interface for quick transfers and instant exchange between significant cryptocurrencies.
Atomic Wallet is built on a simple and intuitive platform that is easy to use even by non-technicians. Atomic Wallet allows users to send and receive bitcoins, send and receive Litecoin, do atomic swaps with other users, manage their atomic assets in one place, and access several utility apps for building blockchains.
Atomic Wallet Token
Atomic wallet token, or AWT for short, is a small text moniker that grants access to your cryptocurrency holdings on the decentralized blockchain ledger through Atomic Wallet’s platform.
It can also be used to pay the blockchain fee and Atomic wallet is also willing to share a staking interest for those who are storing Atomic wallet tokens in their wallets.
Atomic wallet tokens could also be the future model of payment for any Atomic wallet services.
AWT is a new asset, a digital representation of your cryptocurrency that you can use to access your funds.
Through an Atomic Wallet app or any third-party service that allows sending and receiving cryptocurrency.
AWT is built on the ERC20 token standard, which means they are fully compatible with Etherium wallets and all software and hardware storage with such a capability.
Atomic Wallet-Supported Coins
The atomic wallet supports over 500 coins, including Ethereum, bitcoin, dogecoin, Litecoin, bitcoin cash, Bitcoin, Ethereum, Ripple, Stellar, and EOS. Tether USD, Cardano, Bitcoin SV, Tron, Dash, NEO, Vechain, OmiseGo, Monero, Cosmos, Chainlink, Brave Attention Token, Binance coin, Tezos.
Atomic Wallet Review Australia: Security
The atomic wallet provides you with a safe, secure, and convenient way to store your coins on your device. Keep complete control of your private keys and enjoy being in charge of when and how you access the funds held in your wallet.
Why bother remembering multiple passwords if only one can give you access to everything? Atomic Wallet uses an industry-standard 2-factor authentication with Google Authenticator for its multi-signature security. You’re the only one who knows or has access to your password.
Atomic Wallet Customer Support
The Atomic wallet is the best in the industry. After its introduction, it took a short time to be accepted. The wallet has reached its popularity because of the company’s services that can assist customers.
The company provides 24/7 customer support services. With an Atomic wallet account, you can enjoy 24-hour customer support from the comfort of your own home.
You will be able to chat online with one of the representatives or even find a FAQ that answers any questions you may have about this service.
Atomic Wallet vs. Exodus Wallet
Exodus requires a lot of personal information before you create an account. Email address, name, and home country are required to sign up. Without this information, you can still send coins between addresses, but you won’t be able to set up 2FA security features.
This is good if you are worried about any illegal activity linked to your private keys. However, with so much personal information required, it’s also possible that hackers could use it to steal your funds if they ever break into the wallet system.
While Atomic Wallet uses 256-bit AES encryption and 2FA security to keep your funds safe. With a multi-signature feature, you can set up two accounts to authorize transactions.
If all three accounts are compromised, two of them will be disabled, and one will remain with the funds. There’s also a feature called Watch-Only Address that can be used to monitor transactions without having to sign each one individually.
How To Use An Atomic Wallet?
- Open the Atomic wallet application after installing it from the play store.
- Set up an account using your email address.
- Make sure to use a strong password while making your account.
- Now you will see a backup phrase on the screen.
- Make sure to click on the backup phrase and copy it. Store it in a safe place or note it down on paper.
- After confirming your backup phrase, you can access your wallet and start using it.
Atomic Wallet Review Australia – Conclusion
Having a safe crypto wallet solution for your digital assets has become mandatory due to the risk involved in wide asset management.
Atomic wallet is undoubtedly one of the leading crypto-security solutions in the market and it offers value for its users in terms of features that they provide without charging hefty fees.
The overall customer experience while using an Atomic wallet is smooth and eases the swapping of coins over the platform. Dedicated support for Ethernet tokens makes it a tough competitor of MetaMask, however, hardware wallet support would have been a great additional feature for the Atomic wallet.
We hope this Atomic wallet review Australia will assist you in making an informed decision regarding your next crypto wallet purchase.
