Atomic Wallet review 2021
When buying cryptocurrency, it is important to think carefully about what kind of wallet you are going to use to store your crypto. This Atomic Wallet review will show why this might be the right wallet for your crypto coins.
Wallets can be very different from each other, and that is why it is important that before choosing a wallet, you are aware of all the qualities, but also of the drawbacks of the wallet.
Using Atomic Wallet in 5 steps
1 - Choose a broker: Find a suitable cryptocurrency provider (we recommend eToro).
2 - Deposit money: Simply deposit money into your account so you can get started immediately.
3 - Choose a cryptocurrency: From the list of available crypto currencies, choose the one you expect the most.
4 - Buy the cryptocurrency: Decide how much you will invest and buy the coin.
5 - Save to Atomic Wallet: Send the crypot to your Atomic Wallet to save and strike.
Do you also want to fill your Atomic Wallet with cryptocurrencies? Click the green button now and start investing in crypto today!
In this Atomic Wallet review you will read what Atomic Wallet is, how to use it and why this wallet can be a good choice for you. You will also read how you can buy cryptocurrencies so you can fill your Atomic Wallet.
What is the Atomic Wallet?
Atomic Wallet is a crypto wallet that is free to download for your computer and mobile phone. Worldwide, 1 million people use the wallet to store their crypto currencies.
It is very important to have a good wallet for storing your crypto coins. A wallet keeps your coins safe and makes sure nobody else can access them except you.
In this Atomic Wallet review you can read how Atomic Wallet distinguishes itself from its competitors. For starters, this wallet supports over 300 cryptocurrencies.
Atomic Wallet Review: Atomic Swap
A special feature of the Atomic Wallet, where the application also gives its name to, is the Atomic Swap. With this feature, you can exchange a certain crypto currency for another crypto currency.
For example, you can exchange Ethereum for Bitcoin, and vice versa, without the involvement of a third party or a central service. This does involve additional Atomic Wallet fees, but these are often relatively low and are clearly stated before you complete the swap.
Atomic Wallet Review: Strike
You can also use this wallet for Atomic Wallet strike. Strike is when you hold a certain amount of a crypto currency whose blockchain operates on a proof-of-stake system, so you get interest for it.
Atomic Wallet strike on a proof-of-stake blockchain is similar to the better-known term mining, which happens on a proof-of-work blockchain. However, with strike, the proceeds are distributed more randomly, whereas with mining you can use more proceeds if you use a very powerful computer for it that can easily crack the mathematical formulas of the crypto-network.
Atomic Wallet strike is very popular, because in the Atomic Wallet platform you have a lot of insight and overview about what the interest rates are per coin. In addition, Atomic Wallet strike allows you to strike multiple coins at the same time.
How do I buy cryptocurrency for the Atomic Wallet?
Before you can effectively use the Atomic Wallet, you obviously need to know how to use your cryptocurrency. In this Atomic Wallet review we will explain step by step how you can easily invest in cryptocurrencies.
In addition, in this Atomic Wallet Review you will read how to store your purchased crypto currencies in your Atomic Wallet.
Step 1: Choose an online broker | Step 3: Deposit money on your account | Step 5: Store your newly purchased cryptocurrency |
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Step 1: Choose an online broker
Nowadays, there are extremely many brokers and crypto exchanges where you can go to buy your cryptocurrency. All these providers can be very different in how they operate.
Each provider differs in offer, user-friendliness and in what extras the platform has to offer. It is therefore important that you choose the broker that best meets your expectations.
Below we have listed the brokers we recommend to use after reading this Atomic Wallet review.
eToro
eToro has been a good broker for years. Especially for the novice investor, it can be a great platform to start investing with. We will briefly go through all the functionalities.
At eToro, they have a convenient copy trading feature. With the copy trading function, it is possible to view the investments of other successful investors and transfer them to your own portfolio.
This is useful if you do not immediately know what you want to invest in and if you want to build a diverse portfolio.
eToro has also created various copyportfolios, a kind of baskets with different shares to invest in.
Besides the copy trading function, eToro also has a demo function. With this function, you can invest as an investor through a fictitious wallet. This allows you to practice investing before you lose real money.
The low minimum deposit of $50 (€42) makes it easy to get in with your own money. You can invest in many products besides cryptocurrency. Think for example of shares, ETFs or commodities. You even pay 0% commission on shares and ETFs!
Start investing immediately on a good and reliable platform. Creating an account is just a few minutes away.
Libertex
Libertex is a very popular broker worldwide that trades CFDs of commodities. This means that you only bet on the price of the trading products.
For example, if you buy Ethereum here, you do not actually get to own it, but you bet on the price changes of Ethereum. So you don't have to store your Ethereum here in an Atomic Wallet, you can just leave them on the Libertex platform.
Libertex has a branch in Cyprus, which means they are licensed by the Cypriot supervisor CySec (Cyprus Securities and Exchange Commission) to provide all its services in Europe.
One great thing about Libertex is that apart from having an immense offer in cryptocurrencies, they also offer a lot of other trading products such as stocks, ETFs, commodities and currencies. At Libertex, you are not limited to invest only in crypto currencies, as is the case with most other crypto exchanges.
You can start at Libertex with a free demo account, with which you can practice investing in CFDs with a virtual portfolio. This way, you don't have to put any money at risk while you get acquainted with investing at Libertex.
You can start with a minimum transaction amount of €100. This amount is easily transferred to your account with transaction services such as iDeal and Paypal.
Curious about Libertex? Then read our review. Or start investing right away and create an account!
Bitvavo
Bitvavo is one of the best known Dutch crypto exchanges. Within a few years, this exchange has significantly increased its offering.
Besides the larger crypto currencies, such as Bitcoin, Ehtereum and Litecoin, Bitvavo also offers a wide range of lesser known coins. In total, this exchange offers more than 50 different cryptocurrencies.
At Bitvavo, in contrast to Libertex, you actually buy the currency and do not invest in CFDs. If you buy crypto currencies at Bitvavo, you will have to store them in your Atomic Wallet or another wallet.
Bitvavo is highly recommended for beginning crypto investors in the Netherlands. The platform is very user-friendly, is not complicated by all kinds of extra options and is fully available in Dutch.
At this crypto exchange, you can easily put your money on your account by using the well-known payment service iDeal.
Want to know more about Bitvavo? Read our article about this exchange or go to the website right now!
Binance
Binance is perhaps the world's largest provider of cryptocurrency. The supply of crypto currencies is huge, and it continues to grow by the day.
Binance is originally a Chinese company and can therefore not offer its services in America due to the regulations that are currently in place there. Fortunately, you can still buy crypto currencies in Europe and Asia at Binance.
Binance is a very comprehensive platform that offers its own coin, the Binance Coin, in addition to other crypto currencies. This coin is currently one of the largest in the world.
Binance also offers its own wallets. This means you can simply leave the coins you have bought on the Binance platform.
However, there are major drawbacks to this, as you can only access the wallets via the Binance platform. If the platform were to crash, you would temporarily be unable to access your possessions.
That's why in this Atomic Wallet review we recommend using a wallet that is not directly linked to an online platform, such as Atomic Wallet. This is not a problem with Binance either, as you can simply send your coins to a wallet outside of Binance.
Are you curious about Binance? Then you can read our article about this exchange, or start investing at Binance right away!
Capital.com
Capital.com is still a fairly young broker that has been able to acquire a good position in the world of cryptocurrencies. But apart from crypto currencies, Capital.com also has a large offer in other trading products.
Capital.com is still a fairly young broker that has been able to acquire a good position in the world of cryptocurrencies. But apart from crypto currencies, Capital.com also has a large offer in other trading products.
Capital.com offers more than 3,000 different markets in indexes, ETFs and commodities. This broker is therefore recommended for investors who want to invest in other trading products in addition to crypto currencies.
Capital.com is licensed by CySec and the Financial Conduct Authority (FCA). This means that this broker is fully authorised to offer its services legally and securely in Europe and England.
Just like Libertex, you trade CFDs of cryptocurrencies at Capital.com, so you do not need to store your investments in wallets. You can simply leave them on the broker's platform.
Want to know more about Capital.com? Then read our review about the broker. You can also create an account and invest today!
Step 2: Create an account
If you have been able to choose from the brokers, you can start by creating an account. Because this process is similar at most brokers, we will only use eToro as an example.
Go to eToro's website (by clicking on the green button) and enter your email address and a password. Then click on "start now".
You will then receive an email at the email address you provided to activate your account. Once you have done this, you can get started with your demo account at eToro to practice investing.
When you are ready, you can start the real work and activate your real account. For this, you have to upload a copy of your ID and fill out a questionnaire in which you declare that you are aware of the risks involved in investing.
Once your account is verified you will receive an e-mail. Then you can get started with your account.
Step 3: Deposit money into your account
Before you can make your first investments, you must of course deposit money into your account. At eToro, this process is very easy and quick to arrange.
Click on the green button that says "deposit" to go to the deposit page. Now select the payment service that you want to use to carry out the transaction.
Then choose the amount you want to deposit and click deposit. You can then complete the payment using the payment service you have chosen.
Step 4: Buy crypto for your Atomic Wallet
Now that you have put the money in your account, you can start looking for a crypto currency you want to invest in. This can be done in two simple ways.
If you already have a coin in mind you want to invest in, you can look it up using the search bar at the top of the screen. You can also go to the page of crypto currencies to search in the list which coin suits you.
On the crypto main page you can find many different cryptocurrencies you can invest in. You can also search crypto via the search bar of eToro
If you have found a coin that you want to invest in, you can click on it to get to the product page. Click on 'trade' to start investing in this coin.
Choose the number of coins you want to buy, and select the options you want to activate in the investment.
When you invest in CFDs with Libertex, you will have a number of extra options, such as a leverage effect and a stop-loss. However, this is optional and not an obligation. With CFDs you do not own the currency, but you play on price expectations.
Step 5: Store your newly bought cryptocurrency in the Atomic Wallet
How you then store your crypto coins depends on where you bought them. If you bought them at eToro, you can just leave them on the platform, since there you will automatically get crypto deposited on your internal wallet.
One advantage of CFDs is that you can directly respond to the prices of a currency, without being dependent on finding a buyer or seller. This allows you to respond very efficiently to daily price changes.
If you have obtained the coins from a crypto exchange, you need to store them in a wallet. As we already mentioned in this Atomic Wallet review, Atomic Wallet is an option here, although it is often also possible to use the wallets of the exchange platform itself.
If you want to use an external wallet like Atomic Wallet, you have to copy and enter the address of the wallet. Always pay attention to enter this address correctly, because if you send the crypto coins to the wrong address, there is a big chance you will lose your investment.
Atomic Wallet Review: How to use Atomic Wallet
The Atomic Wallet can be used in different ways. You can use it as a desktop application as well as an app for your smartphone.
You can also easily combine the Atomic Wallet with hardware wallets. It is very easy to use Ledger hardware wallets next to your Atomic Wallet.
We will discuss this in more detail in this Atomic Wallet Review.
Atomic Wallet Review: desktop wallet
The desktop wallet of Atomic Wallet can be used on your computer or laptop, and is supported by Windows and MacOS. The wallet can be downloaded for free from the Atomic Wallet website.
When you open the wallet application, you immediately see that Atomic Wallet has a huge range of different wallets in which you can store various coins. What is also remarkable is that you can even buy cryptocurrencies through this application.
A big disadvantage, however, is that the Atomic Wallet fees for buying coins are very high compared to many other crypto exchanges. Moreover, you can only pay the coins and the Atomic Wallet fees by credit card.
Despite that, it can be a very useful tool if you want to buy the coins as anonymously as possible. There are no third parties involved.
The platform is very easy to customise and organise. You even have a separate page for the coins you are depositing.
Atomic Wallet Review: mobile wallet
With Atomic Wallet it is also possible to manage your crypto currencies on your mobile device. The Atomic Wallet app is available for download on the Appstore and the Google Playstore.
The mobile app offers the same features as the desktop application, which is not very common in mobile wallet apps. So you can even manage the strike, atomic swaps and buying Cryptos in the app.
Atomic Wallet Ledger: hardware wallet
A wallet that you have on your computer can unfortunately never be as secure as a hardware wallet. This is also the case for the Atomic Wallet.
However, it is possible to use the combination Atomic Wallet Ledger Wallet. The Ledger Wallet is a popular hardware wallet, which can store your crypto completely offline.
This means that nobody can access your crypto coins without owning the hardware wallet and knowing the password of this wallet. What is nice about Atomic Wallet, is that it is very compatible with the Ledger hardware wallets.
All your crypto's are easy to send from the Atomic Wallet to your hardware wallet. With the Atomic Wallet Ledger Wallet combination you can combine the advantages of the desktop wallet with the advantages of the hardware wallet.
Of course it is also possible to combine your Atomic Wallet with other hardware wallets, like the Trezor Wallets. Click on the link to find out more about these wallets.
Why choose the Atomic Wallet?
As this Atomic Wallet review has already shown a bit, the Atomic Wallet offers a lot of advantages. For starters, you can make use of the Atomic Swap feature, which allows you to easily exchange your crypto coins for other crypto coins without a third party being involved.
In addition, the Atomic Wallet is recommended for people who are planning to discontinue their crypto currencies in order to earn interest. The platform offers a separate page where you can view the coins you strike and their interest.
Furthermore, the range of different wallets that Atomic Wallet has to offer is enormous.
You can store even the smallest crypto coins, so you have all your crypto coins in one place. Finally, the platform is completely anonymous and secure, and you can contact Atomic Wallet's customer service 24/7 if you have any questions or technical problems.
Atomic Wallet Review: crypto offerings
As mentioned earlier in this Atomic Wallet Review, the Atomic Wallet allows you to store a bizarre amount of coins in a very convenient way. The wallet offers a place to stay for more than 3,000 different crypto currencies.
Below you can see some examples of what coins you can buy and store in the Atomic Wallet. Check out the website of Atomic Wallet to see the entire offer.
Bitcoin (BTC) | Ethereum (ETH) | Stellar Lumens (XLM) |
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Atomic Wallet Review: Pros and Cons
Pros
Cons
Before you start using an Atomic Wallet, it is important that you read up on the subject and take some tips from this Atomic Wallet review with you.
When sending your cryptocurrency, you should always be 100% sure that you send it to the right address. If you enter a wrong address you can lose your entire investment.
Tips before using the Atomic Wallet
The Atomic Wallet is free to download, so you can always try it out before you start using it fully. Buy a very small supply of cryptocurrency, put it in your wallet and see if you like the platform.
Atomic Wallet Review: Frequently Asked Questions
Atomic Wallet is a crypto wallet where you can store over 3000 different crypto coins. The platform offers a number of additional features, such as Atomic Swap and a special page for strike.
As long as nobody can access your login details, the Atomic Wallet is very safe. The platform is completely anonymous and is actively secured by the organisation behind the wallet.
You can download the Atomic Wallet application for free. You do have to pay Atomic Wallet Fees for buying crypto coins and for the atomic swap feature.
Yes, you can use Atomic Wallet to easily send your crypto coins to hardware wallets, such as the Ledger Nano X.
You can download the Atomic Wallet for desktop from the Atomic Wallet website. The mobile apps can be downloaded from the AppStore and Google PlayStore.
Atomic Wallet Review: Conclusion
In this Atomic Wallet review, we have seen that Atomic Wallet is recommended for a lot of investors, both beginners and advanced crypto buyers. The interface is very clear, and it offers a number of additional features, such as the ability to strike and the Atomic Swap feature.
You can also easily send your stocks to other desktop wallets or hardware wallets.
If you want to start investing in crypto currencies, we recommend the broker eToro. It has a very wide range of crypto currencies, and also offers other trading products. In addition, you can practice with a free demo account before you start the real thing.
Ready to use your Atomic Wallet?
Enthusiastic about this Atomic Wallet review? Quickly start buying cryptocurrency yourself at the online broker eToro.
