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Atomic Wallet: Review

Atomic Wallet has gained importance in the cryptocurrency sector. The main features are based on the Atomic Swaps offering, a DeFi exchange. The Atomic Swap Exchange was launched in 2017 by a fintech mastermind, Changelly CEO Konstantin Gladych.

By DigitalwealthblogPublished 2 years ago 4 min read
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The purpose of Atomic Wallet is to help users with fiat currency and bank cards purchased crypto tokens such as Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC). The hardware wallet supports easy access to operating systems such as macOS, Android, Windows, and iOS.

How does Atomic wallet works?

Due to the functionality of cryptocurrency wallets, users can fortify their crypto assets with private keys. This gives them full access to their assets and gives them autonomy from Atomic, as they do not have access to crypto wallets.

User funds are pooled for a secure transaction on the blockchain network. Atomic crypto wallets can be instantly integrated into user-chosen blockchain nodes. Also, all trading companies, such as transaction history, can be tracked on the user’s cryptocurrency wallets.

Execution of blockchain transactions can be done in conjunction with a variety of other cryptocurrency trading companies, e.g. Eg B. acquiring large cryptocurrency exchanges with the help of Atomic partners.

Features of Atomic walletProfitable for beginners

Because Atomic Wallet has the unique quality of being free, the platform is the most sought after by beginners venturing into cryptocurrency exchanges. It allows new investors to buy cryptocurrencies even if they do not have any assets in their possession. Atomic Wallet Exchange allows almost all coins and tokens and their use for new users. This fascinating trademark is provided by Atomic Swap Exchange in hardware wallet integration.

Provides a secure atomic swap exchange

Users need trust to guarantee the security of an unrestricted risk, the exchange platform is designed with private keys. Cross-chain Atomic Swaps are authorized by user-generated passwords and the authorization of a specific transaction. The unique feature of the password is that it is a 12-word phrase that a wallet can retrieve if the investor’s digital device is lost.

Pros and Cons of Atomic walletPros:

Atomic Wallet is super easy with an easy-to-navigate interface.

500 coins and tokens are allowed on the trading platform via Atomic Swap.

Atomic Wallet provides a private key that is stored on the user’s digital device which is encrypted.

Cons:

The Atom wallet coin platform does not support hardware wallets.

To purchase cryptocurrencies, only certain supported coins are available in the wallet.

Standard helper features are provided.

How to use an Atomic wallet?

Atomic Wallet is a decentralized exchange of several major currencies; Supports more than 500 tokens spanning all blockchain networks. The wallet is a prominent leader in cross-atomic swap setup. Atomic Swap’s innovative smart contract technology allows the user to exchange a single cryptocurrency for another without a central exchange.

The atomic wallet allows investors to perform functions such as buying a cryptocurrency for investments, managing their cryptocurrency exchanges, and gambling. The facilities can be accessed through an app or the software can be downloaded to the user’s device through the website.

How to set up the atomic wallet?

To manage an exchange through the Atomic wallet, the first step is to download the wallet exchange platform application from the Google Play Store or use their website facilities. When the user walks the website path, there is a step to download the Atomic Wallet software on their device.

Once the user has been accepted into the application, they have two options: create a wallet and restore from backup. For investors without wallet experience, the first option Create wallet should be clicked. Authorization is subsequently granted and the user must set a password.

Atomic Wallet Fees

Purchases of the Atomic Swaps cryptocurrency exchange are managed through the wallet-related service, Simplex. The fees charged by Atomic wallets to reach cryptocurrencies via fiat currencies are based on two elements. The first is where the integrated exchange wallet charges a 2% commission on trade orders of $10 each per transaction. The second element is where the crypto wallet service charges the user’s bank card with the vendor’s purchase fee based on the size of each fiat currency account policy.

The fee for this item from Atomic Wallet stands out with the additional 5% fee required as buying cryptocurrencies requires high-risk performance security for some coins.

During our Atomic Wallet review compared with many wallets, it is the only wallet where all the fees depend on the cost processed within the Atomic wallet. The payment expense is the estimate that is received that encompasses the aggregate of all the fees exacted.

Atomic Wallet Token

The Big AWC wallet token is the leading cryptocurrency token awarded by the decentralized exchange Atomic. The token provider supports investors’ integrated currency. As the best wallets accelerate, AWC tokens are also expected to grow in abundance.

The entire AWC token offering is 100,000,000, with suppliers circulating a supply of 10,000,000. Approximately 90,000,000 tokens are held in holdings. The cryptocurrency holders of the coins backed by AWC are more than 40,000.

Tokens are provided on the IDEX and Binance DEX exchanges. AWC Coins can be retrieved from the Atomic-related program known as the Bounty Campaign and through the Airdrop service.

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