Software wallets in general have already been discussed on an earlier page. Here we will focus more specifically on one of these software wallets, namely Atomic Wallet.
Table of Contents
What is Atomic Wallet?
Atomic wallet is a fairly new ‘open-source’ multicurrency wallet. Atomic wallet is mainly focused on security, anonymity and decentralization. The wallet is available on Mac, Linux and Windows. Atomic wallet can also be downloaded as an app in the app and google play store. The mobile version of the Atomic wallet has been downloaded more than 50,000 times and has an average rating of 4.3 out of 5.
As can be read in the picture above, Atomic wallet supports Bitcoin and about 300 other coins and tokens. On the next page you can see the full list of cryptocurrencies that are supported. You can also exchange your cryptocurrencies for other cryptocurrencies by using atomic swaps.
Atomic wallet also has its own token, called Atomic Wallet Token (AWC). AWC is an ERC20 token and is thus built on the Ethereum blockchain. AWC can be used for the following purposes:
- Improved interface and other optionalities
- Atomic swap exchange and adding new coins and tokens
- To increase the atomic swap valuation
Pros and Cons of Atomic Wallet
Every wallet is intended to store cryptocurrencies. However, there can be major differences in the user-friendliness and functionalities of a wallet. For this reason, the advantages and disadvantages of Atomic wallet are made clear in the table below.
Pros
- Very wide range of cryptocurrencies
- Atomic swaps
- Own token (AWC)
- Option to purchase BTC, ETH, XRP
- Option for hardware wallet integration
- Supported by many operating systems
- Available on desktop and as mobile app
- Strong team
Cons
- User is responsible for security
- Atomic swaps are not available for many coins
Conclusion
Software wallets are a very good option for storing your cryptocurrencies. Atomic wallet is one of the most popular new software wallets. Atomic wallet is very user-friendly and supports many cryptocurrencies. Atomic wallet also has a built-in exchange function and its own token, called AWC.
In short, Atomic wallet is a very suitable software wallet that will most likely be one of the front runners in adding new functionalities. It is important that you maintain the security of your devices very well, because as a user of Atomic wallet you are responsible for the security of your cryptocurrencies.