#ATOMIC CRYPTO WALLET FULL#

However, the fees are generally higher than what you would encounter on a CEX. On a side note, the wallet's creator Konstantin Gladych is also the founder of Changelly.Įxchanging cryptocurrencies this way, rather than migrating them back and forth between centralized exchanges, is incredibly fast and easy. For everything else, the platform utilizes two peer-to-peer trading platforms: Changelly and ShapeShift. However, this type of exchange can only be conducted for select cryptocurrencies. In the context of exchanging assets, Atomic Wallet allows you to swap cryptocurrencies directly from the wallet. Although the word 'atomic swap' disappeared from the face of the earth, most of today's decentralized trading is referred to as token swapping.īut let's get back to the topic at hand. By executing an atomic swap, users access liquidity pools created by other holders and effectively bypass centralized exchanges. As a matter of fact, Atomic Wallet currently supports more than 300 cryptocurrencies in total.Ītomic Wallet derives its name from atomic swaps, a process that enables crypto holders to exchange funds trustlessly through the use of smart contracts. Apart from Bitcoin, Ethereum, and all ERC-20 tokens, we also find support for assets from many other blockchain networks like Solana, Ripple, Cardano, Dogecoin, Tezos, Binance Coin, Monero, and so on. We find the next feat of incredible versatility while assessing the wallet's list of supported cryptocurrencies. At the time of writing, Atomic Wallet is available on: The first example of versatility that we had the chance to encounter is the product's wide range of support for different devices and operating systems. The developers behind Atomic Wallet have cast a wide net while building their product. Neither the team nor the platform itself is capable of accessing these private keys or any other kind of sensitive information.

#ATOMIC CRYPTO WALLET FULL#

In essence, this means that users retain full ownership and control over their assets, as the private keys are backed locally and encrypted within a data file on the respective device. What Is Atomic Wallet?Ītomic Wallet is a non-custodial decentralized wallet. The question is, how does Atomic Wallet fare in this regard? To provide you with a concise grasp of the platform's capabilities and features, we have decided to write an in-depth review of Atomic Wallet. It is now apparent that apart from providing secure and anonymous crypto asset storage, blockchain wallets now also have to compete by targeting long-lasting trends and niches. While reviewing Trust Wallet, we have discovered that wallet developers are keen on capitalizing on DeFi features, integrating dApps, and adding NFT support to attract more customers. With a clear focus on security, decentralization, and anonymity, the wallet succeeded in attracting millions of users from all kinds of platforms, including Windows, macOS, Android, iOS, and numerous Linux-based operating systems.Īs the market introduces a vast number of new features in 2021, the gap between good and bad crypto wallets is becoming wider. The community criticized the company for downplaying the extent of the damage, as users believed the hacker primarily targeted wallets with substantial funds.Atomic Wallet is a distinguished decentralized cryptocurrency wallet that established widespread acceptance among the investing community, often being regarded as one of the best options for storing cryptocurrencies. Despite Atomic Wallet’s official announcement, some users were still reporting losses at the time of writing. Following the attack, Atomic Wallet and blockchain investigators have been working diligently to track and return the stolen funds.Įxploiting the situation, several verified scam Twitter accounts impersonated Atomic Wallet and shared phishing links, falsely promising to assist users in recovering their lost funds.

However, the company claims that less than 1% of its monthly active users were affected.

Despite the Company’s official announcement, some users were still reporting losses at the time of writing.Ī recent hack targeting Atomic Wallet resulted in the theft of $35 million from its users since June 2.

The company claims that less than 1% of its monthly active users were affected.Atomic Wallet and blockchain investigators have been working diligently to track and return the stolen funds.

Atomic crypto wallet