Atomic Wallet
3.5 ⭐⭐⭐⭐
Atomic
- Atomic Wallet was founded in 2018 by Konstantin Gladych, who was also the co-founder of the cryptocurrency exchange Changelly. The company is headquartered in Estonia.
- Atomic Wallet was initially positioned as a pioneer of atomic swaps, allowing users to easily swap tokens on a peer-to-peer basis. The wallet has evolved since then, focusing on staking, cross-platform convenience, and, lately, dApp (decentralized application) access.
- Funding for Atomic Wallet was achieved privately. The wallet has partnerships with payment brands like Moonpay and crypto exchange services like ChangeNOW.
- Security Features: 4.0 ⭐ 80%
- Support for 1,000+ Cryptocurrencies: 5.0 ⭐ 100%
- Staking for over 30 Assets: 5.0 ⭐ 100%
- Built-in Token Swaps: 4.0 ⭐ 80%
- dApp Store Access: 5.0 ⭐ 100%
- Non-Custodial.
- Desktop: Windows, macOS, Ubuntu, Debian, Fedora
- Mobile: iOS & Android
Atomic Wallet
Your choice of crypto wallet is an important consideration. Naturally, you’ll want to store your crypto securely, but there are other factors to weigh up, including whether you want to manage your own private keys (non-custodial wallet) or trust them to a 3rd party (custodial).
There is also the decision between software-based hot wallets vs. hardware cold wallets. All wallets will differ, with some specializing in specific areas like security or web3 features.
Atomic Wallet, a popular hot wallet, surged in adoption due to its facilitation of atomic swaps, a type of peer-to-peer cross-chain swapping mechanism. Yet, the wallet has evolved over time, focusing on other areas, including staking. How does Atomic Wallet compare to other top wallets today? Discover all you need to know in our Atomic Wallet review.
Key Features & Functionalities
Security Features
Non-custodial wallet with encrypted private keys stored locally and biometric login. A 2023 hack caused a $100M loss, followed by enhanced security.
Support for 1,000+ Cryptocurrencies
Supports 1,000+ assets across blockchains, with custom token options, ideal for diverse portfolios.
Staking for over 30 Assets
Staking for 30+ assets like ADA and SOL with no extra fees, great for passive income.
Built-in Token Swaps
Swaps for 60+ pairs with real-time quotes, charging a 0.5% fee plus commissions.
dApp Store Access
Built-in dApp store connects to 70 blockchains, boosting DeFi and web3 access.
Pros and Cons of Atomic
Pros:
User-Controlled Security: Fully non-custodial; private keys are encrypted and stored locally.
Web3 & dApp Access: Access to a built-in dApp Store and Web3 browser with access to DeFi, NFTs, and cross-chain tools.
Extensive Staking Options: Native staking support for 30 tokens, including ADA, TRX, and XTZ.
Full Desktop Application: The wallet can be used as a desktop application, with full access to features.
Wide Compatibility: Cross-platform availability on Windows, macOS, Linux, iOS, and Android.
Cons:
No Hardware Wallet Integration: You can’t pair Atomic with Ledger, Trezor, or other cold wallets.
Limited Customization of Gas Fees: Less control compared to wallets like MetaMask when interacting with dApps.
Past Security Incidents: While Atomic Wallet has changed its security procedures, the aftermath of the 2023 hack has led to a lack of trust by some users.
Security Features
Non-Custodial
Users fully control their private keys, which are encrypted and stored locally on their devices.
Biometric Logins
Use Face ID or fingerprint logins on compatible smartphone devices (Atomic Wallet mobile crypto apps only).
12-Word Backup Phrase
Generated during setup; required for wallet recovery. Atomic does not store or have access to this.
No Cloud or Server Storage
All data remains local.
Supported Cryptocurrencies
Multi-Chain Wallet
Atomic Wallet supports 1,000+ coins and tokens across chains, including Bitcoin, Ethereum, BNB Chain, Cardano, Solana, Avalanche, Polkadot, Tron, and more.
Custom Token Addition
Add any ERC-20, BEP-20, or TRC-20 token manually.
User Experience (UX)
All-in-One Dashboard
Balances, staking, swaps, and portfolio tracking are centralized in one intuitive interface.
Cross-Platform Availability
Full-featured desktop apps for Windows, macOS, and Linux; mobile apps for Android and iOS.
Privacy-Focused Wallet
Atomic Wallet puts focus on anonymity, requiring no banking-style Know Your Customer (KYC) procedures to use the wallet. However, some third-party payment integrations may require additional details.
Integration & Compatibility
No Hardware Wallet Support
Integrates with major exchanges like Binance, Coinbase, and Kraken with the Ledger Live app.
dApp Store
Access decentralized apps across 70 different blockchains.
Additional Functionalities
In-App Fiat Purchases
Buy crypto via third-party providers like Moonpay using a credit/debit card.
Portfolio Tracker
Built-in tool to view total holdings across assets, with price alerts and market summaries.
24/7 Support
Live chat and email support are available directly from within the app.
Encrypted Email Service
Atomic Wallet users can sign up for the company’s secure, encrypted email client.
User Reviews & Community Feedback
Trustpilot Ratings & Reviews
Atomic Wallet has a score of 3.1 out of 5 on Trustpilot, with many reviewers praising the extensive staking options and recently added dApp market tools. There are occasional complaints about app bugs centered around syncing balances.
Reddit & Crypto Community Discussions
Across platforms like Reddit and X, the crypto community’s perception of Atomic Wallet tends to be positive in light of its innovations, notably atomic swaps, yet there is some criticism over bugginess, delayed transfers, etc. Some expert crypto users have highlighted the broad functionality – and availability – of a desktop application, which is not commonly offered by the majority of hot wallet providers.
App Store & Google Play Reviews
On the Apple App Store, Atomic Wallet currently has 4.4 out of 5 from 34,600+ ratings. Google Play also scores the wallet at 4.4 out of 5 with 75k+ reviews. Users on the app stores have positive feedback on swaps and staking. Some users report issues on fiat on-ramping and fees.
Pricing & Cost Analysis
Free to use: Downloading and using the Atomic Wallet is free. There are no additional tiers or premium subscriptions.
No additional fees on transfers: Sending or receiving crypto only incur standard network (blockchain) fees.
Swap Fees
Atomic Wallet charges a 0.5% in-app fee plus whatever commission their swap providers apply (ChangeNOW, etc.). This is clearly displayed in the interface before confirming a trade.
Staking Fees
No extra fees are taken from staking rewards. Users only pay the standard network fees when staking or claiming rewards.
Fiat Purchase Fees (Card/Bank)
5% fee (minimum $10) on card purchases via third-party providers (e.g., Simplex)
Final Verdict & Recommendations
Atomic Wallet gained a lot of attention due to its pioneering of atomic swaps (the wallet was named after this central feature). It has since scaled back this service, but the wallet has grown in other ways, offering a large number of staking options, dApp tools, and support for a large number of tokens.
It’s not perfect, however, and the major hack of 2023 looms large in the memory of many crypto users. Atomic Wallet has made changes since then, including new security measures and bug bounty programs, but it remains the case that the hack was well publicized and significant.
Like all crypto wallets, Atomic Wallet strives to position itself as accessible to beginners and advanced users alike, yet we would argue that it leans toward the latter. Certainly, it’s not as beginner-friendly as options like Coinbase Wallet and Trust Wallet. Atomic Wallet might be a good choice for users who wish to avoid centralized platforms and KYC procedures. Our score for Atomic Wallet is 3.5 out of 5.
Our Rating
3.5 ⭐
⭐ 3.5 | Atomic Wallet
FAQs
Is Atomic Wallet a safe wallet?
No crypto hot wallet is fully without risk, something that a number of Atomic Wallet users learned after a major $100 million hack in June 2023. That, in and of itself, should not put you off using Atomic Wallet, as the company has doubled down on its security features. However, it should make you consider your options about crypto storage. Most experienced users recommend that your more valuable and long-term holdings should be stored offline in a cold wallet.
Can I store multiple cryptocurrencies in this wallet?
Yes. Atomic Wallet currently has support for 1,238 different tokens and is always adding more. It is mostly focused on Ethereum-based ERC-20 tokens, but it also supports tokens from Binance Smart Chain and Tron. Major cryptocurrencies like Bitcoin, Solana, Litecoin, and XRP are all supported.
How does Atomic Wallet compare to Zengo Wallet?
Both Atomic Wallet and Zengo Wallet are non-custodial crypto hot wallets, but they differ in their approach to security, UX, and features offered. Atomic Wallet uses a traditional seed phrase for recovery, whereas Zengo uses encrypted key share. Zengo wallet is extremely beginner-friendly, whereas Atomic Wallet is more suitable for experienced crypto holders.
Does Atomic Wallet support hardware wallet integration?
Not as yet. Atomic Wallet does not directly integrate with hardware wallets. Some hot wallets offer hardware integration, allowing you to sign transactions offline. A good example is the SafePal App Wallet, which offers seamless integration with SafePal’s hardware cold wallets.
How can I recover my wallet if I lose access?
You are provided with a 12-word mnemonic seed phrase when activating your crypto wallet. This acts as a recovery phrase should something happen to your wallet – for example, if your smartphone hosting the wallet is lost. It is important that you do not lose your seed phrase, as it acts as your key to restoring the wallet should you lose access.
How to secure your crypto hot wallet
The vast majority of crypto users will use a hot wallet at some point, even if it is only to facilitate transfers. While the best crypto hot wallet providers will offer robust security measures, there is always an inherent risk for online applications to be compromised. To secure your crypto, consider these hot wallet security tips:
- Never share your seed phrase with anyone. Write it down and store it securely offline.
- Use all additional security features, like biometrics and 2FA, offered by hot wallet providers.
- Familiarize yourself with crypto risks and scams, especially phishing scams.
- Check links before clicking and only download from official sources.
- Consider using a cold wallet in tandem with your hot wallet, securing valuable assets in the former and keeping the latter for everyday transactions.