Atomic Wallet Review

Jong-Chan Chung

Venture Manager at Blockchain Founders Group (BFG)

How important is it for individuals to understand the differences between various types of crypto wallets?

Crypto wallets store your private key that you need to interact with blockchains and access your funds. While choosing your wallet setup, factors like security and convenience preferences should guide you. For long-term storage, hardware wallets or paper wallets offer high security, while software wallets, including mobile and desktop, are suitable for everyday spending and for DeFi power users who might need multiple accounts. Custodial wallets, like those provided by exchanges, are convenient but come with a trade-off in control and security.

Atomic Wallet Review: PROS

To start things off on a positive note, I’ll mention some of the benefits that users would receive if they were to use the Atomic wallet.

Truth be told, as I’ve already mentioned in the introductory part of this Atomic wallet review, most of the feedback that this wallet gets is quite positive, and there doesn’t seem to be many issues with it, at least as far as game-breaking ones go.

The Atomic wallet was created back in 2017. If you’re a cryptocurrency enthusiast, you probably already know that this was the year when cryptocurrency boomed. Coincidentally, it is also the year when one of the better software-based wallets would come into existence.

The wallet was created by Konstantin Gladych. He is quite well-known in the community as he is the person behind Changelly, one of the more popular cryptocurrency exchange platforms out there. While some other user Atomic wallet reviews mention this, Mr. Gladych surely knows his way around crypto storage.

Ever since its inception, Atomic Wallet has been steadily growing and adapting to the ever-changing crypto market and culture. Today, it’s a full-fledged crypto wallet!

And that’s the backstory of this crypto wallet. With it out of the way, let’s move on to the core features of the Atomic wallet that make it as appealing as it is.

Supports 1000+ Cryptocurrencies

It's no secret that there are more cryptocurrencies today than ever before. Just think about all the ERC-20 tokens, for example. As more dApps are created and cryptocurrency continues to grow in popularity, that number will only keep rising.

That said, you probably don’t need an Atomic Wallet review to know that all these crypto holders need a place to store their coins, right? That’s exactly why wallets that support multiple currencies have become the norm.

That wasn’t always the case, though! Back then, all of the major cryptocurrencies had their own, designated wallets. While there are some left today, they’re far from being as popular as they used to be.

So, what does all of that have to do with Atomic, you may ask? Simple. Many Atomic wallet reviews note that the wallet holds more than 1000 different cryptocurrencies, and all of the existing ERC-20 tokens. Now, the ERC token part isn’t at all too surprising. You see, most wallets that are able to house Ethereum will also store all of its tokens, no problem- that’s just the way the technology’s designed.

📚 Check Out: Best ERC-20 Wallet

Actual cryptocurrency-wise, though, 1000 is a pretty impressive number! This means, you can store most mainstream crypto coins on Atomic, including Bitcoin, Ethereum, Litecoin, Ripple, EOS, Dash, and so on.

To put it short, using the Atomic wallet, you probably won’t need to worry about fitting your entire crypto portfolio in one place, unless you’re holding some super-niche coins. That’s great news for any crypto enthusiast!

A Software Wallet - Decent Security

Since we’re talking about cryptocurrencies and storage, it’s no surprise that one of the most common questions people look for in Atomic Wallet reviews is: Is Atomic Wallet safe?

With all the scandals and controversies surrounding many crypto wallets, it’s no surprise that security has become such a big focus these days. But to be honest, security has always been a top priority when choosing the best crypto wallet, and really the one thing that matters most when you think about it!

To give you a better perspective, take a look at these four main types of crypto wallets, all with varying security levels:

Table: Comparison between different types of crypto wallets

As you can probably see from the list above, online wallets are the least-safe alternative when it comes to storing your cryptocurrencies. There’s a pretty simple reason for why. It's because they are always online (usually based in some exchange), and they are more prone to online attacks like hacks.

Hardware and paper wallets are the most secure alternatives, but there is also a “middle” option: a software (or app) wallet.

If you read through most Atomic Wallet reviews, you’ll quickly see that Atomic is a software wallet. In simple terms, that means you’ll need to download and install a program on your computer, where you’ll then create and manage your wallet.

That is, in fact, a much better option than storing your cryptocurrencies online.

Using a software wallet generally means you’re at a lower risk of being hacked compared to online wallets. However, it’s crucial to make sure the computer you’re installing it on is clean and free from keyloggers or any kind of malware.

📚 Check Out: A Guide to Crypto Wallet Security

Looking at many Atomic Wallet reviews, the overall sentiment toward it being a software-based platform is quite positive. Most users appreciate not having to rely on an online service to store their private keys, and that’s definitely a plus!

24/7 Customer Support

Let me tell you - this one hits close to home.

While quite a few Atomic wallet reviews mention the fact that Atomic allows you to connect to customer support at any given point in time, I can tell you that I’ve experienced the importance of customer support in the crypto wallet world firsthand, not too long ago.

Not to name any names, or get too much into it, but I recently needed to contact a crypto wallet brand about their product, and the inquiry was actually quite urgent.

While I did manage to sort the issue out at the end, it took two weeks of back-and-forth emails, automated messages, and confirmations that “Yes, I still need help, and no, my issue didn’t just magically solve itself because you guys ignored me for a week”.

If I didn’t give off a straightforward-enough impression, allow me to reiterate: Good-quality customer service is absolutely mandatory if you want anyone to take your brand and products seriously. Thankfully, it would seem that Atomic has got that covered.

You can ask the support about the product, the company, their verification checks, is Atomic wallet safe, what measures are there to guarantee the safe storage of your crypto coins, and so on. All of your questions will be answered! Surely, a huge win for Atomic!

Built-in Buy, Swap, and Stake Crypto Features

Upon first installing and running the Atomic wallet, you’ll soon notice that there are more features to it than just storing your crypto coins. Frankly, the other ‘major’ feature is that Atomic allows you to perform swaps with certain coins and also has integrated exchanges built into its system.

For the longest time, “Atomic Swap” was a concept that sounded great on paper but felt far from real-world implementation. In theory, it would allow you to trade one cryptocurrency for another without going through a centralized exchange.

While the term “Atomic Swap” is still used in some discussions and older reviews of the Atomic Wallet, it’s important to clarify that the current version of the wallet does not support true, on-chain atomic swaps.

So while you can swap many different cryptocurrencies directly within the wallet interface, it’s not a peer-to-peer or decentralized process in the technical sense.

That said, Atomic Wallet also integrated support for third-party exchange services, most notably Changelly and ShapeShift, in earlier versions. The former is particularly noteworthy because Atomic’s creator is also a founder of Changelly, which suggests strong compatibility between the two platforms.

Although these integrations are no longer active, the presence of built-in swap and buy functionality still allows users to trade cryptocurrencies conveniently from within the wallet. It might not be a decentralized swap, but it does offer a level of accessibility and ease that appeals to many users.

Last but not least, you can also stake crypto directly from the wallet to earn passive income from your assets. As of writing, Atomic supports 30 cryptocurrencies on its staking platform, including popular options like ETH, SOL, and BNB. The APY for its staking offerings ranges widely from ~0.7% to ~156% depending on which coin you choose to stake.

📚 Related: How to Stake Solana

The icing on the cake could have been if Atomic Wallet were fully open-source. That would mean anyone could review the software’s code and check for bugs, errors, or potential vulnerabilities. While not many user Atomic Wallet reviews mention this, it’s worth noting that the platform is partially closed-source, which limits the level of transparency some users might expect.

According to Atomic, this decision is made for security reasons, to prevent bad actors from exploiting the code. In practice, this hasn’t been a major issue for most users.

No KYC Needed

Another perk of using Atomic Wallet is that you can manage your crypto anonymously, without going through any Know‑Your‑Customer (KYC) verification. If privacy matters to you, especially compared to major platforms that require ID checks, Atomic’s no-KYC setup is a major plus. You just download the app, generate your wallet, and you’re good to go. No personal information needed.

Of course, KYC isn’t without its advantages. Platforms that require it can help prevent fraud, money laundering, and even assist with account recovery if something goes wrong. Considering that the volume of crypto-related illicit activity is growing^[1] over the years, KYC can be one of the key measures to reduce the potential risks.

So, while Atomic Wallet’s open, non‑KYC model is great for those who prioritize privacy, it's worth noting that identity verification on exchanges brings added protection and legitimacy. Each approach has its place depending on what you value most.

Atomic Wallet Review: CONS

Moving on to the disadvantages of the Atomic wallet, as noted earlier in the Atomic wallet review, there isn’t all that much to talk about. Still, a few things are worth keeping in mind, especially if you’re planning on trying Atomic out for yourself.

Not as Safe as a Hardware Device

One of the most common complaints that users have for the Atomic wallet doesn’t even have anything to do with the wallet itself - rather, it concerns its type.

As I’ve stressed multiple times already, the Atomic wallet is software-based. If you’re looking for the absolute maximum amount of security, this might be an issue for you.

	LEDGER STAX	TREZOR SAFE 5
Security Level	| | | | | Very Poor Average Excellent	| | | | | Very Poor Average Excellent
2FA Two-factor Authentication
Multi-signature
Pin Code
Anonymity Level	| | | | | Very Poor Average Excellent	| | | | | Very Poor Average Excellent
Backup Type	24-word seed phrase	12-, 20-, and 24-word seed phrase
Private Key Owner	You	You
Full Wallet Control	| | | | | No Partial Yes	| | | | | No Partial Yes
	Visit site Read review	Visit site Read review

Table: Comparison between Ledger Stax and Trezor Safe 5 security features

The only wallets that provide the “maximum amounts of security” would have to be hardware and paper ones. That’s simply because there’s no possible way for them to be hacked - they are not connected to the internet.^[2] The only damage that can be done is of a physical nature.

With a software wallet, you risk losing your funds if you run the wallet on a faulty, malware-filled computer. Naturally, it’s your responsibility to keep your machine safe and clean, but that’s definitely not something that can be simply guaranteed.

Either way, if you plan to trade cryptos quite often and are not holding on to thousands of coins at a time, then Atomic should still suit you very well. Hardware wallets are great, but they require upfront investment, and can be a hassle when it comes to trading cryptos “on the go”.

“Atomic Swaps” are More of a Gimmick, Rather Than a Viable Exchange Solution

Atomic swaps sound like a great feature, especially if you’re serious about trading cryptocurrencies. And considering it’s right there in the name, it’s no surprise that this aspect of the Atomic Wallet has received plenty of attention. However, despite the terminology, Atomic Wallet does not support true atomic swaps in the technical, on-chain sense.

Instead, the wallet routes swap transactions through a third-party service provider, which handles the exchange behind the scenes. So while the feature offers a convenient way to trade coins without leaving the wallet, it’s not a decentralized, peer-to-peer swap as some users might assume.

For the average crypto HODLer, this distinction might not be a dealbreaker. After all, the concept of Atomic Swaps has been discussed since around 2017, but even today, true implementations remain rare across the industry.

That said, some Atomic Wallet reviews have expressed disappointment over the limited swap options and the misleading expectations set by the “Atomic Swap” branding. It’s a functional feature, but it’s important to understand how it actually works.

Did you know?

Compare Crypto Wallets Side by Side With Others

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Pricing

Pricing-wise, the Atomic wallet is at the top - in other words, it’s completely free to download, install, and use at your own leisure. Isn’t that a bad thing, though? Is Atomic Wallet safe if it’s completely free to use?

No, it’s not a bad thing. And yes, it’s perfectly safe to use. You see, most of the software-based wallets on the market are generally free to use. Atomic is no exception, and that’s a good thing! However, there might be certain fees when you buy or swap crypto coins on the platform.

Since Atomic collaborates with third-party providers for some functions on its wallet, the associated fee will also depend on those providers. So, always make sure to check your transaction details before finalizing it.

How to Use the Atomic Wallet?

Now, if you’ve read the entirety of this Atomic wallet review and have decided that the wallet in question is the right choice for you, the next step is to learn how to actually use it!

Thankfully, it’s actually one of the easier software wallets to learn to use. Let’s take it from the top, though, and talk about the installation and setup process first.

And that’s it - your setup process is complete! In case you're wondering, the process is also as easy on the mobile app version, with some slight differences.

How to Buy Cryptocurrency With the Atomic Wallet?

Buying cryptos with the Atomic wallet is, frankly, as simple as setting it up in the first place.

Once all of that’s done, the transaction might take from 10 up to 30 minutes to complete. You don’t need to do anything from that point onwards, though. Just wait for your crypto coins to come in!

How to Swap Cryptocurrencies on the Atomic Wallet?

Swapping cryptos within the software is even simpler than purchasing them with fiat currencies. Here is what you can do:

And that's it! Multiple Atomic Wallet reviews will tell you that using the wallet really is that simple!

Pros

• User-friendly design
• Robust security
• Long battery life

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Pros

• A brand-new design
• Industry-leading security
• Coin, token and NFT storage

UP TO $500 IN BTC

Pros

• Supports 1,000+ crypto assets
• Easy navigation
• Open-source

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Conclusions

To summarize, Atomic Wallet is surely one of the better software wallets on the market. It offers 24/7 customer support, holds more than 1000 different crypto coins (and all of the ERC-20 tokens, too), is easy to use, has integrated crypto exchanges, and is quite secure.

The wallet also offers a built-in swap feature powered by a third-party provider (ChangeNOW), which allows users to exchange many cryptocurrencies directly within the app.

While the term “Atomic Swap” may suggest decentralized, on-chain trading, it’s important to note that the wallet does not support true atomic swaps. Additionally, it is not nearly as secure as most hardware wallets available on the market. Even so, for most everyday users, the convenience of in-app swapping outweighs the need for technical decentralization.

All things considered, Atomic is certainly worth checking out, especially if you’re in the market for a brand new software wallet!

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