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Everything You Need to Know About Atomic Wallet



The Atomic wallet is designed primarily to leverage the extensive potential of atomic swaps while becoming part of the decentralized crypto ecosystem. The “physical” Atomic wallet is a PC application that needs to be downloaded to your computer. The private keys and other information remains stored on your PC in an encrypted form giving you full control over the data.


This quick guide about Atomic Wallet shall cover the coins supported, fees charged, how to set it up, and other features.


Pros

  • Simple, user-friendly and immensely powerful

  • Atomic swaps are supported

  • Decentralized currency trading is supported

  • Wide range of crypto coins are supported

  • User information is only stored on their PC


Cons

  • Prone to hardware failure and hacking attempts

  • Withdraw amount has a limit

  • Non-transparent


What Coins Are Supported by Atomic Wallet?



There are over 300 cryptocurrencies supported by the Atomic wallet. This includes BTC, LTC, ETH, XRP, ETC, TRX, XMR, XLM, ZEC, DOGE, BCH, QTUM, DASH, AWC, BTG, VET, and all other major ERC-20 tokens.


People looking to make the most out of their Atomic wallet can also make use of the Atomic Wallet Coin or AWC. The coin allows for certain features like rising higher in the atomic swap queue and getting your own token supported by paying a small listing fee.


The Atomic wallet also offers in-wallet peer-to-peer currency trades. The Atomic swap is a decentralized exchange that prevents third party risks. If you don’t find the coins you are looking on Atomic swap, then you can always use the built-in ShapeShift, ChangeNOW, and Changelly exchanges.


Fees Charged By Atomic Wallet


You don’t need to pay any fee for downloading the wallet or using their app. However, there are certain areas that attract a nominal fee, such as:


7% commission + $10 minimum fee is levied on credit card crypto purchases

In-wallet peer-to-peer currency trades incur a varying fee


Step-by-step Guide to Setting up Atomic Wallet



Opening an Account


Step 1: Visit the official Atomic wallet website and download the wallet file. Install it on your PC.


Step 2: Click on the “Open Wallet” tab after installing the file to create a strong password, which would protect your account.


Step 3: The wallet would automatically generate a 12-word backup phrase (mnemonic phrase). Make sure you copy this phrase and keep it somewhere secure. This phrase would come in useful in case you want to restore your wallet account after you lose access to your PC.


Step 4: Your wallet is now ready to use. The Atomic wallet address will be automatically generated from the mnemonic seed phrase for different crypto.


Adding Cryptocurrencies


Step 1: Log in to your Atomic wallet app and go to the crypto list that would appear on the screen.


Step 2: Each section would have a “your address” button next to it. Simply copy the address for the coin you want to add to your Atomic wallet and send funds to it. You may have to wait anywhere from 5 – 30 minutes for the coins to reflect in your account.


Sending Payments


Step 1: Choose the crypto you want to send to someone from the long list of assets that appear on the screen


Step 2: The coin you click on, will expand and prompt you to add details. All you need to do is enter the destination address and the number of assets you want to send.


Step 3: Make sure you confirm the figures and hit send. You would have to input your password here for security purposes.


Receiving Payments


Step 1: Select the asset you want to receive from the coins listed on the screen.


Step 2: Click on the “Your Address” button to automatically copy the address to the clipboard.

Step 3: Send the address to the person transferring the funds or paste it to your source wallet.


Step 4: It takes 5 to 30 minutes for funds to reflect in your account once the transaction is complete. Make sure you confirm receipt.


How Is Customer Support?


The atomic wallet support team is one of the best in the industry and is available 24/7 to answer user queries. You can make use of the chat function which has an average response time of an hour.


How Is Atomic Wallet Design?


The wallet features a user-friendly and sleek design. The interface allows beginners to easily navigate and access various functions. You can also customize the multiple functions by playing around in wallet settings. The wallet is available for all major OS - Windows, Mac, Linux, Debian, and Fedora. You can also download the app for iOS and Android.

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