Atomic Wallet is a decentralized crypto wallet app that allows users to secure their private keys and store and manage crypto assets. Since its launch in 2017, the software-based storage solution has amassed over 10 million users across its desktop and mobile platforms.

In this Atomic Wallet review, we break down the app’s key features, including supported tokens, core products, and user experience. Let’s get started.

Our Verdict on Atomic Wallet

Users looking for a private, decentralized, and modern crypto wallet with Web3 and staking capabilities may consider Atomic Wallet as a potential option if they disregard the security concerns highlighted in this article. It supports over 1,200 tokens and coins and offers easy fiat-to-crypto onramping for those looking to actively invest in digital assets.

Atomic Wallet holds over 5 million app downloads and maintains a 4.6+ out of 5 rating on the App Store. It remains a proper alternative for those who regularly update the app and follow best safety practices.

While users keep control of their crypto assets with a 12-word backup keyphrase, Atomic Wallet’s closed-source software raises concerns about overall safety. Following a significant security breach in 2023, some investors have avoided the platform entirely.

Due to the security concerns and controversy surrounding Atomic Wallet, we recommend Best Wallet as a better alternative:

Visit Best Wallet

Pros

Decentralized software wallet
Over 1,200 cryptocurrencies supported
Anonymous crypto wallet with no KYC requirement
Up to 20% APY crypto staking rewards
Web3-ready with NFT compatibility
Easy crypto-to-fiat deposits

Cons

5% flat fee for crypto onramping
No live customer support
Not open-source software
Previous hacking incident

What Is Atomic Wallet?

Atomic Wallet started as a popular desktop wallet dashboard in 2017, introducing cryptocurrency storage and management to many individuals. In the next few years, the Estonian-based decentralized wallet expanded its features and offerings to meet the growing demand for digital asset investments and services.

Based on the platform’s history, Atomic Wallet was first released on Google Play in 2018 and then made it to the App Store in 2019 to increase its mobile user base and exposure. By 2022, the app was a fully-fledged crypto wallet ecosystem with staking services, multi-chain support, and instant crypto swaps.

Today, Atomic Wallet holds close to its core values of security, privacy, decentralization, integrity, and availability. The platform demonstrates a proactive commitment to safety with regular updates, security patches, and external threat alerts. Additionally, Atomic Wallet upholds user anonymity as a no-KYC crypto platform.

The wallet lets users send and receive cryptocurrencies across major blockchains, with additional staking options and multi-chain swaps to give users the complete token management experience. Without much geographical restrictions, Atomic Wallet holders can seamlessly track and handle their crypto portfolios from across the globe.

What Type of Wallet is Atomic Wallet?

Operating as a non-custodial platform, Atomic Wallet gives users full control of their private keys and funds. The private keys are encrypted and stored on the user’s local device, and the only way to recover the wallet is through a 12-word recovery seed phrase.

Additionally, Atomic Wallet is considered a hot wallet as it facilitates the transacting and trading of cryptocurrencies through software. The wallet app is always connected to the internet on both desktop and mobile platforms, providing a more convenient crypto management experience while still offering decentralized privacy and security.

Supported Cryptocurrencies & Networks

Atomic Wallet supports over 1,200 crypto assets, including leading coins like Bitcoin (BTC), Ethereum (ETH), BNB (BNB), and Solana (SOL). Let’s highlight Atomic Wallet’s wide selection of digital assets below.

Tokens Supported

Over 900 of the supported cryptocurrencies are ERC-20 tokens. This includes meme coins like Doge (DOGE) and Pepe (PEPE) to Layer-2 crypto, such as Polygon (POL) and Immutable (IMX). Users can manually add ERC-20 tokens to their Atomic Wallet, going beyond the standard options.

Other ERC-20 tokens on Atomic Wallet include:

Tether USD (USDT)
USD Coin (USDC)
Chainlink (LINK)
Shiba Inu (SHIB)
Dai (DAI)
Aave (AAVE)
Gnosis (GNO)
Render (RNDR)
Floki (FLOKI)
Curve DAO (CRV)

Atomic Wallet holders can also store and manage over 200 BEP-20 tokens, including:

Artificial Superintelligence Alliance (FET)
Trust Wallet Token (TWT)
Venus DAI (VDAI)
Ellipsis (EPS)
Cheems (CHEEMS)
Unifi Protocol DAO (UNFI)
AI Companions (AIC)
GT Protocol (GTAI)
Global Commercial Business (GCB)

With a TRC-20 compatible wallet, Atomic Wallet can store tokens from the Tron blockchain in addition to ERC-20 and BEP-20 tokens. Users can manage the built-in TRC-20 tokens, like USDJ (USDJ) and JUST (JST), but they can also add custom ones by sending them to their Atomic Wallet address.

Blockchain Networks

Individuals can manage cryptocurrencies from over 60 different chains through Atomic Wallet. Here’s a list of the most popular networks supported:

Bitcoin
Ethereum
BNB
Bitcoin Cash
Monero
Solana
Litecoin
Avalanche
Filecoin
NEAR Protocol

The Atomic Wallet Supported Assets page contains a complete list of all built-in coins and tokens. Some cryptocurrencies can only be sent and received on the platform, while others can be swapped using the integrated multi-chain swapping feature.

Atomic Wallet Tools & Features

Aside from the variety of supported tokens, crypto wallets feature other digital asset services and products to differentiate themselves from competitors. Let’s examine Atomic Wallet’s value-adding core tools and offerings.

Crypto Onramping

Individuals can buy BTC, ETH, SOL, BNB, XRP, and other tokens with a debit or credit card directly on the Atomic Wallet interface. The platform’s partnership with the Simplex onramping service lets Atomic Wallet provide a secure and seamless method for instantly purchasing crypto.

While KYC (Know-Your-Customer) verification isn’t required to create an Atomic Wallet, the Simplex integration requires users to verify their identity before buying crypto with fiat currencies. The verification helps prevent identity fraud and AML (Anti-Money Laundering) policies.

As of this writing, Atomic Wallet accepts 22 fiat currencies, including USD, EUR, GBP, AUD, and CAD. We’ll discuss the fees involved with every fiat-to-crypto transaction later in this Atomic Wallet review, but the decentralized wallet requires a minimum of $50 to purchase cryptocurrencies.

Stake & Earn

In 2019, Atomic Wallet launched crypto staking services for 8 tokens. Today, the wallet supports staking for over 20 crypto assets and more than 30 blockchains. Earnings can reach up to 20% APY (annual percentage yield), providing significant passive income returns.

Popular tokens available for staking on Atomic Wallet include the following:

Ethereum (ETH): ~5% APY
Solana (SOL): ~7% APY
Tron (TRX): ~5% APY
Atomic Wallet Token (AWC): ~20% APY
BNB (BNB): ~2.5% APY

Users can choose the number of tokens they wish to stake and select a validator, which is Atomic Wallet by default. Network fees for staking and unstaking tokens are shown before they complete the transaction and will be automatically deducted from the amount to be staked.

Furthermore, the Atomic Wallet website includes a staking calculator where users can input the staking token and the amount to be staked to see their daily, monthly, and annual earnings.

Each supported token will payout rewards at different times and have different minimum staking requirements. For instance, Solana (SOL) has a 0.01 SOL minimum staking amount, and users will earn their first reward for the coin after 4 days. Regular rewards are deposited into the users’ staking accounts every 2 days.

On the other hand, Cardano (ADA) staking on Atomic Wallet requires a 4 ADA token staking amount. The first reward is deposited within 15 to 20 days, and regular rewards are sent every 5 days.

Atomic Wallet Token (AWC)

The Atomic Wallet Token (AWC) is the first token to enhance a decentralized crypto wallet. It has a total token supply of 100 million and operates on Ethereum and BNB, with 50 million AWC supplied for each network.

The wallet token has various use cases on the Atomic Wallet ecosystem, which we’ve outlined below:

Staking: With a minimum staking requirement of 10 AWC, users can earn over 20% APY by staking the BNB network version of the Atomic Wallet Token. AWC staking rewards are deposited into user accounts every week.
Airdrop and bounty: AWC tokens are distributed to Atomic Wallet users via airdrops and bounty systems.
Cashbacks: Users with AWC holdings can receive up to 1% cashback rewards when swapping tokens on the platform. At the highest level, individuals can receive up to $400 worth of AWC monthly in cashbacks.
Affiliate rewards: Atomic Wallet is developing a referral program in which successful affiliates can earn AWC rewards for successfully bringing new users to the platform.

Web3 Wallet

Another core Atomic Wallet feature is the Web3 wallet browser extension. The app is built for efficient performance, ensuring fast transaction speeds and seamless interactions with decentralized apps (dApps).

With the Web3 extension, users can connect to DeFi (decentralized finance) apps, including PancakeSwap, Uniswap, and 1inch. Additionally, the browser app has built-in NFT compatibility, allowing individuals to buy and view NFTs on the platform.

Beyond its Web3 capabilities, the Atomic Wallet browser extension allows users to enter new or niche cryptocurrencies by entering the contract addresses into the wallet. It also lets users track fiat currency values, helping wallet holders monitor their crypto portfolios and make more informed investment decisions.

Instant Swaps

Through its integrated exchange, Atomic Wallet offers easy crypto swaps across multiple chains. Users can choose from over 100 token pairs and initiate a swap with just two clicks. The instant crypto swap interface shows the exchange rate and network fee, ensuring investors know the cost of every transaction.

Swapping times vary depending on the two tokens being exchanged. Atomic Wallet users can set push notifications whenever a swap has been completed, a feature available on desktop and mobile devices.

Atomic Wallet users with a certain number of AWC tokens on the BNB network are eligible to receive AWC cashbacks, depending on the amount of AWC held. Here are the AWC requirements and respective cashback percentages per tier:

Blue Tier (0.25% cashback): Max $50 per month; no AWC requirement
Silver Tier (0.50% cashback): Max $100 per month; 1,000 AWC held requirement
Gold Tier (0.75% cashback): Max $200 per month; 2,000 AWC held requirement
Platinum Tier (1% cashback): Max $400 per month; 5,000 AWC held requirement

Atomic Wallet Safety and Security

With local encryption ensuring private information never leaves user devices, Atomic Wallet provides secure control for users’ private keys in a non-custodial manner. This structure limits the risks associated with centralized storage, emphasizing privacy, safe management, and personal responsibility of crypto holdings.

The decentralized wallet uses multiple protective mechanisms to defend against cyber threats. For one, offline seed phrase generation and encrypted local storage safeguard users from keyloggers and ransomware attacks. Even if a user’s device were compromised, their crypto assets would remain accessible through the 12-word recovery phrase on other compatible wallets.

Atomic Wallet 2023 Hack

Despite many layers of security, Atomic Wallet faced a $100 million cyberattack in 2023, which was initially attributed to North Korean attackers. Reports of compromised wallets began surfacing on June 3 across the platform’s Twitter and Telegram channels, with some individual losses exceeding several million dollars. Atomic Wallet acknowledged the hack publicly, stating that less than 1% of monthly active users were affected, and launched an internal investigation while working with exchanges and blockchain analytics firms to trace and block stolen funds.

However, the company faced criticism for its initial lack of detailed communication and the fact that users had to self-migrate remaining funds to other wallets to avoid further theft. Blockchain researchers, including ZachXBT, also warned of opportunistic scams targeting victims in the aftermath. Although Atomic responded by urging users to bolster their security practices and reporting efforts were made to mitigate losses, the incident raised serious concerns about the platform’s security architecture and its ability to adequately protect user assets in a centralized environment. After a class-action lawsuit was filed and later dismissed, the aftermath led Atomic Wallet to implement several measures and platform updates to address the incident and bolster in-app security.

User responsibility for crypto holdings remains critical, with Atomic Wallet’s safety measures enabling secure storage and token management. Individuals are encouraged to keep their backup seed phrases offline, use safe passwords, avoid sharing private keys, and update to the latest version of the Atomic Wallet app. We don’t recommend this wallet, almost purely due to how it handled this security incident, and advise users to opt for solutions that are more consumer-oriented, such as Best Wallet.

Get Best Wallet

Atomic Wallet Fees

The next topic in our Atomic Wallet review is the platform’s cost structure. Now that we’ve highlighted the app’s core offerings, we can discuss the fees most users will encounter.

The only built-in Atomic Wallet platform fees that users should understand are the onramping fees and crypto swap fees. The table below shows platform fees for the wallet’s token management tools and services.

Platform Fee Type	Amount
Fiat-to-crypto Simplex fee	Flat 5% fee
Swap fee	0.5% plus swap partner commission
Crypto deposit fee	None
Crypto withdrawal fee	None
Staking fees	None

Note that crypto deposits, withdrawals, and staking incur network fees, but no charges from Atomic Wallet. Since these transactions are handled on-chain, users only need to shoulder the associated network fees. These fees depend on which blockchain handles the transaction and the current on-chain traffic.

For instance, Ethereum’s transaction fees usually cost around $1, but can go as high as $50 during high congestion periods. Meanwhile, Solana averages just $0.02 per transaction, making it a more cost-effective network for handling transactions.

Atomic Wallet User Experience

Across its desktop and mobile platforms, Atomic Wallet delivers a smooth and intuitive experience for users managing cryptocurrencies. Whether checking the portfolio balance or swapping tokens on the go, the decentralized wallet is designed for accessibility, ease of use, and secure digital asset storage.

Atomic Wallet Mobile App

With millions of downloads on iOS and Android devices, the Atomic Wallet mobile app gives users complete access to their wallets wherever they are. The platform’s mobile-optimized design lets users view their portfolios and stake tokens without being overwhelmed by unnecessary features and graphics.

Another valuable feature of the Atomic Wallet app is its notification system. Users can receive real-time alerts on completed transactions, staking rewards, and crucial app updates directly on their devices. These timely notifications help wallet holders stay connected with their crypto holdings without constantly checking the app.

Desktop Platform

Compatible with Windows, macOS, and Linux, the Atomic Wallet desktop platform provides a full token storage experience from portfolio management to instant cross-chain swaps. The layout remains relatively unchanged from when the platform was initially launched, showcasing its user-friendliness from the beginning.

Periodic Atomic Wallet desktop updates have fixed numerous bugs and improved many in-platform features, helping to maintain the app’s integrity and safety.

How to Get Started with Atomic Wallet

Follow this step-by-step walkthrough on how to create an Atomic Wallet crypto wallet and start managing crypto holdings.

1. Download the Atomic Wallet App

Visit the Atomic Wallet website and download the latest release of the decentralized wallet. For the desktop version, you can choose between Windows, macOS, Ubuntu, Debian, and Fedora, and for the mobile app, you can choose between Google Play, App Store, and Android APK.

For this guide, we’ll use the Windows desktop app. Complete the installation and open the Atomic Wallet app.

2. Create a Wallet

Click ‘New Wallet’ and enter a strong password, with at least 8 characters and a combination of letters, numbers, and special characters.

After verifying the password, read and accept the Terms of Service. Give the app a few seconds to generate your wallet, encrypt private keys, and create the recovery seed phrase.

3. Store Your 12-Word Recovery Phrase

Next, Atomic Wallet will show your 12-word backup phrase. Make sure to write down the entire phrase and keep it somewhere safe. You may copy and paste the phrase digitally, but we recommend physically writing down the words.

The recovery phrase is the only way to restore your wallet if you forget your password or lose access to your device. So, after writing it down, double-check the recovery phrase. Once finished, click ‘Open Wallet.’

4. Deposit Crypto

Select ‘Buy crypto’ on the sidebar of the Atomic Wallet dashboard. Choose a fiat currency to use and select the cryptocurrency you wish to purchase. Remember, the minimum order amount for any fiat-to-crypto buy is $50.

The platform automatically shows the conversion and fees associated with the transaction, including the 5% purchasing fee at a minimum requirement of $10. Click ‘Continue’ and fill in your payment details using the Simplex integration. Users must complete an identity verification to complete the purchase, so prepare to upload a valid ID.

Is Atomic Wallet the Best Crypto Wallet?

With over 10 million users and 5 million mobile app downloads, Atomic Wallet is one of the most popular decentralized crypto storage and management options. However, Atomic Wallet has its risks and limitations, mainly in its security history, high onramping fees, and limited customer support.

An alternative decentralized platform that many investors may consider is Best Wallet. It’s the fastest-growing Web3 wallet and doesn’t require KYC verification. The anonymous wallet supports as many networks as Atomic Wallet and features a more intuitive multi-chain token swapping service, aggregating swap data from multiple DEXs (decentralized exchanges) to give users the best rates.

Additionally, Best Wallet has a spotless security background and uses multi-factor authentication and biometrics for enhanced wallet safety. Soon, the app will feature a crypto staking service with some of the highest annual rewards in the industry.

Regarding its onramping service, Best Wallet offers more than credit wallet options. The mobile wallet app integrates with numerous third-party payment platforms to give holders fiat-to-crypto methods for e-wallets, bank transfers, and more.

Like Atomic Wallet’s AWC native crypto, Best Wallet has Best Wallet Token (BEST), the platform’s utility and wallet token. Anyone can purchase the cryptocurrency through the Best Wallet Token presale, and BEST holders receive various benefits and exclusive privileges on the Best Wallet app. These perks include increased staking rewards, token governance, and reduced transaction fees.

Atomic Wallet Customer Support

Users can email the Atomic Wallet support team any concerns or issues related to the platform, and replies occur within a few hours. The platform’s help center, which includes articles on crypto assets, purchasing, swaps, staking, and other features, covers common questions.

Furthermore, Atomic Wallet includes various troubleshooting and security articles for individuals with safety-related issues. These pages provide helpful information on fixing specific problems and even allow users to report bugs if they encounter them.

While helpful overall, Atomic Wallet lacks the live 24/7 chat support many decentralized platforms offer. Time-sensitive cases may need to be addressed urgently, but the platform does not guarantee quick response times for such events.

Conclusion

For users looking to invest in tokens, earn staking rewards, and use Web3 apps, Atomic Wallet delivers a decent experience in decentralized crypto management. Its no-KYC requirement and sleek mobile and desktop interface make it easy for anyone to get started.

As with any self-custody wallet, Atomic Wallet reminds users that complete control of private keys comes with full user responsibility. Those who remain proactive about wallet safety and understand the risks will continue experiencing the platform’s user-friendly benefits.

Atomic Wallet offers practical decentralized wallet features, but Best Wallet exceeds it in many ways. From more competitive fiat-to-crypto onramping fees to additional Web3 tools, Best Wallet goes beyond what is expected of a non-custodial platform.

Get Best Wallet

Atomic Wallet

7.5

Fees

7.0/10

Supported Crypto

8.5/10

Ease of use

8.0/10

Reputation

7.5/10

Security

6.5/10

Pros

Supports 1,200+ digital assets across multiple blockchains
No account signup or KYC needed to create and use the wallet
Built-in Web3 access and NFT support

Cons

Onramp transactions come with a steep 5% service fee
No live customer service options available for urgent issues
Closed-source nature may be a downside for transparency-focused users
Platform was previously targeted in a high-profile hack

References

About us (Atomic Wallet)
Live Cryptocurrency Prices | Cryptocurrency List 2022 (Atomic Wallet)
Buy & Sell Crypto Instantly – Secure, Global Onramp (Simplex)
Atomic Wallet security features (Atomic Wallet)
Solana vs. Ethereum: Pros, Cons, and Key Differences (Gemini)

FAQs

Is Atomic Wallet safe?

Atomic Wallet is a safe, decentralized crypto wallet for storing and managing tokens. It uses data encryption and two-factor authentication for added security.

Is Atomic Wallet legit?

Launched in 2017, Atomic Wallet is a legitimate self-custody crypto wallet with over 10 million global users.

How to withdraw money from Atomic Wallet?

While Atomic Wallet users can’t directly deposit money into bank accounts, they can send tokens to other wallets or exchanges to be converted into fiat.

What is Atomic Wallet used for?

As a decentralized wallet, Atomic Wallet is mainly used to store and manage cryptocurrencies. However, individuals can also use the platform to stake and earn crypto, swap tokens, hold NFTs, and connect to Web3 platforms.

Is Atomic Wallet a cold wallet?

Atomic Wallet is a software or hot wallet, not a cold storage solution. It requires a direct connection to the internet to function properly.

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