Review of the Atomic Wallet cryptocurrency wallet: how to install and use
The main functions of the Atomic Wallet cryptocurrency wallet are: purchase, exchange and storage of various types of cryptocurrencies. The wallet implements an atomic exchange, which is an alternative to cryptocurrency exchangers on centralized exchanges.
Atomic Wallet functionality, advantages and disadvantages
Atomic exchange is arranged according to the p2p principle, i.e. from person to person. To eliminate fraud, the coins of both users are blocked during the exchange. The transaction will happen if both parties to the contract confirm it within a certain period of time. Otherwise, the coins will be returned to the owner’s account.
You can top up your wallet account with crypt by paying for a purchase with a plastic card. But the withdrawal of the crypt in the form of fiat to the account of the card is impossible. To do this, you need to use other wallets where you can transfer coins from Atomic Wallet.
Based on reviews of Atomic Wallet, the following advantages can be distinguished:
- anonymity (there is not only verification, but also registration);
- decentralization – only the owner has access to the wallet;
- security – private keys are stored only on the device.
- high commissions;
- there is no russification;
- you can buy crypts from plastic cards, but it is impossible to withdraw coins in the form of fiat.
You can pay for the purchase of cryptocurrency in your wallet using Visa and Mastercard bank cards. The Simplex platform is an intermediary in this process.
The purchase is made in the BuyCrypto section. There are more than 100 types of crypts available.
In the Exchange section, you can exchange one cryptocurrency for another or transfer coins from another wallet.
The user is provided with training materials on working in the blockchain. Various useful information can also be found in the Blog section.
The wallet has a convenient mobile application for Android with the same functionality as the desktop version.
How to create a secure wallet: instructions
To create a wallet, you need to download the wallet installation file from the official website atomicwallet.io.
Pre-selecting the operating system version of the device on which the wallet will be installed.
After that, you need to run the downloaded file and install the program. During the installation process, you need to come up with and enter a password.
Important! The system itself will generate a secret phrase (it is also called a seed phrase, or mnemonic phrase) of 12 words, which should be stored in a safe place. If you forget and lose the seed phrase, it will be impossible to restore access to the wallet.
In the window that opens, click on the Open Wallet button. The process of installing the crypto wallet ends here. There is no need to register and verify.
The wallet has an open source code, which allows you to check it for errors and vulnerabilities.
How to top up your balance and withdraw money
You can top up your balance with both cryptocurrency and fiat with a plastic card. It is better that the card be dollar, otherwise the transaction may not pass.
You can withdraw cryptocurrency assets in the form of fiat through a third-party wallet or a crypto exchange with support for this function.
The transaction fee depends on the type of transaction and the type of cryptocurrency. When exchanging fiat for crypto, the commission is 2%, but not less than $ 10. There may be additional bank fees.
The commission for other transactions is displayed during the operation.
The wallet has its own AWC token, which can be used for staking – passive earnings by “freezing” coins on a special account. After installing the wallet on the PC, the user receives 5 UNC coins as a gift.
Stacking is carried out in the Stake section. Its profitability ranges from 5 to 20%, depending on the type of crypt.
Published: 13 November, 2022