This is arguably the most complete and transparent Atomic Wallet Review and user guide on the internet —discover everything you can do with Atomic and how to use it to purchase, store, transact, stake, and grow your crypto wealth today.
With thousands of cryptocurrency wallets to choose from, it can become a daunting task for the average crypto enthusiast and investor to determine which one of them provides the optimal utility, reliable service, and investment opportunity they so much crave for.
One of the many cryptocurrency wallets out there to choose from is Atomic Wallet.
In this Atomic Wallet Review, we aim to provide you with everything you need to know about this crypto wallet so that you can confidently make an informed and independent decision of whether to use their services or find a more worthy alternative.
What is Atomic Wallet?
The Atomic wallet is a decentralized, non-custodial, free, multi-cryptocurrency wallet for storing, transacting and staking your crypto assets. Providing support for over 40 blockchains and more than 300 custom tokens as at the time of writing this article.
Atomic Wallet was founded by Konstantin Gladych in 2018. Prior to establishing Atomic, Konstantin was the CEO of Changelly —a popular non-custodial, instant cryptocurrency exchange.
In just less than three (3) years Atomic has grown to over 150,000 users and is one of the first companies to implement cross-chain atomic swaps.
What’s more, Atomic wallet was the first decentralized exchange to issue its own native cryptocurrency wallet called –Atomic Wallet Coin (AWC).
AWC comes both as an Ethereum based (ERC-20) and Binance Chain based (BEP-2) tokens with a total supply of 50,000,000 AWC each.
4 Cool Things You Can Do With Atomic Wallet
In addition to security, one of the major deciding factors in your choice of a cryptocurrency wallet is what you can do with it.
The more valuable utility the wallet offers that meets your specific needs the more favorable you will consider using it –right? yes!
So what can you do with Atomic Wallet? –You can:
- Buy Crypto directly with your Credit or Debit Card
- Store multiple cryptocurrencies
- Earn the “unlimited” amount of AWC
- Enjoy decentralized, zero-fee staking
1. Buy Crypto Instantly with Your Visa or MasterCard on Atomic Wallet
You can purchase Bitcoin and other major cryptocurrencies instantly with your Visa or MasterCard directly on the Atomic Wallet.
To do that, follow the simple process below:
- Download and install the Atomic Wallet App
- Complete the required know your customer (KYC) verification. According to them, this is to prevent identity theft and to be certain that it’s really you that’s making the transactions. Note that KYC is only required IF you want to purchase crypto with your bank cards. Otherwise, you can simply ghost on Atomic Wallet if that’s exactly how you want it.
- Purchase the amount of bitcoin you wish to buy –the minimum is $50 and the maximum is $20 and get the actual coins deposited into your wallet accordingly.
Step-By-Step Guide to Buying Bitcoin on Atomic Wallet
By now you have downloaded and installed either the Atomic Desktop Wallet or Mobile App –right? Good.
Step One: Login to your wallet
Step Two: From your dashboards, on Mobile click the Buy button at the bottom of your screen.
If you’re using the desktop app, click the Buy Crypto button from among the menu buttons on the left-hand side. See the images above and below if you need a visual direction.
Step Three: Enter the amount you want to spend in the currency of your choice.
The wallet currently supports 18 different national currencies (and still counting) such as the: USD (United States Dollar), EUR (Euro), CAD (Canadian Dollar), JPY (Japanese Yen), RUB (Russian ruble), AUD (Australian Dollar), KRW (South Korean won), CHF (Swiss Franc), CZK (Czech Koruna), DKK (Danish Krone), NOK (Norwegian Krone), NZD (New Zealand Dollar), PLN (Poland złoty), SEK (Swedish Krona), TRY (Turkish lira), ZAR (South African Rand), HUF (Hungarian Forint), ILS (Israeli New Shekel).
The system will display the amount of Bitcoin you will receive for the fiat amount you entered, if you’re ok with what you see, you can proceed to make payment with your bank card.
Step Four: Fill in your bank card details, billing address, and other required information and approve the purchase.
Step Five: Your Bitcoin will be deposited into your Atomic Wallet instantly upon payment confirmation and that’s it.
If you’re a video lover, then you may find this video guide to buying bitcoin on Atomic Wallet useful.
2. Store (Multiple) Your Cryptocurrencies on Atomic Wallet
You can practically store all Ethereum ERC-20 and Binance Chain BEP2 tokens in your Atomic Wallet along with hundreds of other major coins such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, NEO, TRON (TRX), Dogecoin (DOGE), Cardano (ADA), DASH, Stellar (XLM), ZCash (ZEC).
3. Earn “Unlimited” Amount of AWC
You can earn an “unlimited” amount of AWC through the Atomic Wallet airdrop, membership, and referral campaigns.
3.1 Earn Atomic Wallet Coin (AWC) Through the Membership Program
Atomic is the first decentralized cryptocurrency wallet to launch a membership program to reward all HODLers of the AWC –BEP2 token when they use the in-built cryptocurrency exchange service.
For buying and HODLing (holding) certain amounts of the AWC token (minimum is 1000) in your wallet you will receive cash-back for every exchange transaction you perform using your Atomic Wallet.
The amount of the cash-back you receive depends on your membership status which is in turn determined by the amount of AWC token that you HODL in your wallet.
There are 4 different membership categories: Blue, Silver, Gold, and Platinum.
If you’re in the Blue category you will be entitled to a 0.25% cash-back and required to maintain a minimum balance of 1,000 AWC tokens.
With a minimum of 3,000 AWC tokens, you can upgrade to the Silver membership status which will qualify you to receive 0.5% cash-back for every exchange transaction you perform in your wallet.
For Gold and platinum membership categories you need a minimum of 5,000 AWC and 10,000+ AWC to qualify for 0.75% and 1% cash-backs respectively.
So far, over 40, 000 AWC tokens have been distributed among the active members of the wallet since the launch of the Atomic Wallet membership program out of the 4,500,000 tokens allocated for “free” distribution to members, supporters, and promoters of the wallet.
Make sure to grab your share.
3.2 Earn Atomic Wallet Coin (AWC) Through the Referral Campaign
Another way to earn your share of the AWC tokens is to participate in the Atomic Wallet Airdrop and Referral Campaign(s).
Here’s how it works:
- Download and Install the Atomic Wallet
- Under settings locate and click the “Airdrop” tab to verify your email address
- You will receive 10 AWC for performing the above steps
- Get an additional 5 AWC tokens by using this PROMO CODE: 198H48
- Again, you get an additional 5 AWC for every active member you successfully refer to the wallet.
PS: To receive the rewards, you and your referral must be “active users” of the Atomic Wallet. By “active” they mean that both of you must maintain a minimum balance of $10 of any top 100 200 cryptocurrencies on CoinMarketCap in your wallet.
You can refer as many people as you can, and you will get 5 AWC tokens for each “qualified” referral.
Earned rewards are distributed around the middle (15th) of every month.
4. Enjoy Decentralized, Non-Custodial, zero-fee staking on Atomic Wallet
Atomic is arguably the best wallet for staking your cryptos and earn passive, residual income up to 25% ARR (AWC staking only).
As at the time of writing this review, you can stake the following cryptocurrencies and earn the respective annual rate of return accordingly: Cosmos (ATOM) 10%, Tezons (XTZ) 7%, Ontology (ONT) 5.6%, Komodo (KMD) 5.1%, Tron (TRX) 5%, NEO (NEO) 1.4%, Vechain (VET) 1.63%, Algorand (ALGO) 5.6%, Cardano (ADA) 3.7%, AWC (AWC) 20-25%, Icon (ICX) 13.43%, and Band (BAND) 17%.
Unlike staking on centralized exchanges that hold your coin in their custody, on Atomic wallet your coins are under your full control at all times.
At no point will you have to give custody of your coins to anyone as you can stake directly from your wallet.
Just select any of the available validators for the cryptocurrency you want to stake, and get your rewards deposited directly into your wallet. No giving of custody of your crypto assets to any exchange or staking pools.
What’s more, you don’t pay any fees on the staking rewards you received. Centralized exchanges and other staking pools charge you certain percentages of the rewards you get from staking. With Atomic Wallet, that’s not the case. You staking rewards (profit) are all yours to keep, except for the usual blockchain transaction fees –thus maximizing your earnings.
Benefits of HODLing (holding) Atomic Wallet Coins (AWC):
What is the Atomic Wallet Coin (AWC) and what exactly can they be used for?
What is AWC?
AWC (Atomic Wallet Coin) is a hybrid Ethereum ERC-20 and Binance Chain BEP2 token and native (internal) cryptocurrency of the Atomic Wallet.
AWC Token Supply:
AWC has an overall total supply of 100,000,000 tokens –made up of 50,000,000 ERC-20 and 50,000,000 BEP2 tokens.
90,000,000 AWC is in “lockup” and reserved for professional investors to buy or released to the open market after 5 years if no investors show up.
5,500,000 AWC tokens are already distributed among retail investors, advisors, airdrop, and bounty hunters. Another 4,500,000 is allocated for distribution among active wallet members, affiliates, and for airdrop campaigns.
Furthermore, 5,000,000 AWC each of ERC-20 and BEP2 tokens are reserved as liquidity for ERC20<>BEP2 swapping tool.
Benefits of and Use-Cases for AWC
HODLing (holding) AWC tokens can give certain privileges such as:
- Discounts on the exchange or crypto swapping services
- Discounts on crypto purchase transactions
- Enjoy extra features for trading desk services.
- Get dedicated support.
- Pay with AWC to get your (favorite) cryptocurrency listed.
- Receive AWC tokens as affiliate and bounty rewards.
- Receive AWC as staking rewards.
Atomic Wallet Review: Is Atomic Wallet Safe?
Technically, YES! The Atomic Wallet software is open-source –meaning, the code-base is publicly available for verification and vetting which drastically reduces the chances that there could be bugs or malicious codes hidden in the software that could cause the loss or theft of users funds.
Atomic uses on-device intelligence which it to store all your private keys on your mobile device or PC –thus guaranteeing that only you or anyone you give access to your devices have full access to and control over your funds.
However, the wallet is only as safe as your device and the integrity of your internet connection.
One of the extra security measures you can take to protect your funds is to link your Atomic Wallet to a supported hardware wallet which will require you to approve transactions only by physically by pressing a button on your hardware device and thus ensure that even if someone gains access to your password, they can’t spend the money on your wallet without the device.
More so, ensure you have properly and securely backed-up your seed-phrase (12 words) in case you lose your device and need to recover your funds onto another device.
Otherwise, if you ever lose your password and 12 words, consider your money gone permanently for good –you wouldn’t allow that happen to you, will you? NO!
Remember, only you are responsible for keeping your wallet and funds secure by taking appropriate precautions. Protect your password and 12 secret words as losing those means losing all the money you have in the wallet.
We will suggest you start out using the wallet to manage a small amount; and as you get more confident and comfortable with using the wallet, you can then increase the volume of funds you store, exchange, and stake on it.
You may also like:
Are you an active user of the Atomic Wallet? What has been your experience so far? Share with us in the comments section below.