A
Closer Look
at Atomic Wallet:
Core Features and
Main Benefits
A Closer Look at Atomic Wallet: Core Features and Main Benefits
Author: Bridgit Murphy
Last Updated Jun 28, 2024 @ 14:31
The crypto industry is built on the concept that digital currencies can be
used to decentralize peer-to-peer• Телекоммуникации и связь » Компьютерная сеть » Интернет » Файлообменная сеть » Одноранговая сеть money transfer across the globe. This
eradicates the need for intermediaries and unnecessary transaction fees.
Today, many crypto platforms offer users a place to trade and hold their
favorite cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. However, the fallout of a slew of centralized
crypto platforms, especially in 2022, has triggered distrust for the crypto
industry among investors. Companies like FTX, Three Arrows Capital (3AC), and
Celsius Network went bankrupt during that period.
Atomic Wallet is a crypto platform seeking to win back investors trust.
As a non-custodial wallet, users are assured of the safety of their assets
since they can control their cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта and private keys completely.
This article breaks down the nitty-gritty of the Atomic Wallet and its core
features.
What is Atomic Wallet?
Atomic Wallet is a non-custodial crypto wallet that allows users to safely
store, send, and receive crypto assets from within a secure platform. It
closes the gap between investors and the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн, eliminating third
parties. As a non-custodial wallet, users are responsible for safeguarding the
private keys of their wallets.
Launched in 2018, Atomic Wallet is considered one of the best non-custodial
wallets for diversified portfolios. It supports multiple device types and
operating systems, including Windows, Mac, iOS, and Android, making it
appealing to investors seeking to retain ownership of all their
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта in the same wallet.
Furthermore, the crypto wallet supports multiple cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта across
different networks, including Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, BNB Chain, Cardano• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Cardano, Solana,
Monero• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Monero, and Fantom.
In addition to supporting a wide range of cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, Atomic Wallet
allows users to store non-fungible tokens (NFTs) from several blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
protocols, such as Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, Solana, Avalanche, Fantom, BNB Chain, and
Polygon.
By default, the wallet supports prominent ERC20 tokens and projects, including
Aave, 1inch, Axie Infinity s AXS, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, Basic Attention Token (BAT),
and the Sandbox• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен (SAND).
After creating a new wallet, Atomic Wallet provides the user with a 12-word
passphrase representing the wallet s private keys. Only the user can
view them, as the passphrase is encrypted after leaving Atomic Wallet s
servers. Not even Atomic Wallet developers can access the user s private
keys. Therefore, losing the private keys or revealing them to an unauthorized
source can cause permanent loss of funds.
Additionally, the wallet is protected by a password or PIN, depending on
whether it is a desktop or mobile app a user uses. It has a user-friendly
layout and fee-free structure, making it appealing and popular among
investors. Atomic Wallet charges no extra fee on most of its transactions.
Instead, users are mandated to pay gas fees to the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн network miners.
A Strong Focus on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s Ecosystem
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum boasts one of the most powerful and diverse ecosystems in the entire
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта industry. It hosts thousands of projects, various
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, developers, and users.
All of this was further escalated following its long-awaited transition to
Proof-of-Stake• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. Enabling Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum staking has opened the door for users to
contribute to the network’s security while earning rewards for doing so.
Long-term ETH holders now have an avenue of earning a yield without having to
worry about converting to a stablecoin or to any other cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
To do so, however, you would need a reliable Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum wallet that supports
staking and—more importantly—provides an easy-to-use interface on multiple
supported devices and operating systems.
Atomic Wallet is one of the reliable solutions and a veteran in the industry.
When it comes to Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum staking, though, Atomic offers its users a
fool-proof way that’s easy to follow.
All you need to do is download the wallet, deposit ETH in your account, choose
a validator to stake your ETH, and, ultimately, claim your rewards, which are
credited automatically to your staking address. There is no middleman and no
centralized counterparties that you have to trust with your ETH.
Even though the threshold to become an Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum validator is 32 ETH, users can
also join a validator pool without having to hold as much.
But that’s not all. When you contribute to a validator pool, you commit for
the long term. To circumvent this challenge, a concept called liquid staking
was invented. In essence, there are liquid staking protocols where you can
contribute your ETH and receive an equivalent synthetic token that you can
then use for whatever you want. The only caveat is that for you to claim your
rewards, you will need to hold the relevant amount of synthetic tokens. For
example, if you stake 1 ETH and receive 1 stETH (staked ETH), to claim the
rewards for your 1 ETH after, let’s say, 1 month, you will have to deposit the
1 stETH into the system. If you only have 0.5 stETH left because you sold the
rest, you will only get the corresponding staking rewards.
Atomic Wallet supports liquid staking for ETH using the largest and most
well-established protocol Lido.
Core Features of Atomic Wallet
Here are Atomic Wallet s core features:
Staking Feature
Atomic Wallet offers diverse staking coins, including ETH, SOL, ADA, BNB,
MATIC, and TRON. Staking involves locking a portion of a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта into a
network to bolster its security and decentralization. The user is rewarded
with additional crypto assets. These rewards are termed annual percentage
yields (APYs), which range from 5% to 22%, depending on the staking coin. This
metric is often subject to change.
Token Swaps
The Atomic Wallet app allows users to swap tokens without leaving the wallet
interface. This feature is compatible with both the desktop software and
mobile app. Thousands of tokens are supported across every blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн network
imaginable, allowing users to exchange tokens on a cross-chain basis. For
instance, USDT can be swapped for Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin
• Экономика » Финансы » Платежные средства » Платежные системы интернета » Litecoin (LTC) or Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) for
Ripple s XRP.
Atomic Wallet s partner, ChangeNow, facilitates these swaps. Atomic
Wallet charges users a 0.5% fee for using its token swap tool, in addition to
any fees charged by ChangeNow.
Custom Token
Another feature of this wallet is that it allows users to add a custom token
as long as it supports the network. The token can be added by manually pasting
the contract address into Atomic Wallet and transferring it to the wallet
address.
Alternatively, Atomic Wallet provides users with a unique QR code• Стандартизация » Классификатор » Штриховой код » QR-код. Users can
send the token to this wallet address, and Atomic Wallet will automatically
add it.
Portfolio Management
The Atomic Wallet offers one of the best portfolio management tools. Users can
easily view what cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта they have stored alongside the current
market price. The portfolio s value is shown in U.S. dollars, which adds
another level of convenience.
Moreover, the portfolio dashboard shows trends, including the performance of
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта over the last 30 days. The filter option allows users to add
or delete portfolio statistics.
AWC Token
AWC token is the native cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта for the Atomic Wallet. Originally built
on the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum mainnet, the AWC token was later migrated to the BNB Chain. It
has a total supply of 100 million held in approximately 250,000 wallets.
The AWC token has two use cases – cashback and staking. With the native
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, users receive up to 1% back for every swap. These cashbacks
are payable monthly. Investors are also assured of up to 20% return on
investment from staking AWC tokens for a year. At the time of writing, about
14,000 staking accounts have staked 6 million AWC tokens.
The developer team seeks to add a referral program to AWC s utilities
over time.
Advantages of Atomic Wallet
Gives users complete control over their assets.
Supports a wide range of cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Support non-fungible token• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен (NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен) trading.
Offers integration with decentralized applications (dApps).
24/7 Customer Support.
Conclusion
Atomic Wallet prides itself on being one of the best non-custodial wallets
investors can choose to meet their needs. This article has discussed the
digital wallet s core features and highlighted its native
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, AWC. With its diverse utilities and products, the wallet
provider stands poised to attract more users into the crypto industry as they
embrace decentralization.
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