Atomic Wallet

Atomic Wallet, a mobile and desktop crypto wallet allowing users to store various cryptocurrencies, has experienced a security breach and lost over $35 million in …

Atomic Wallet - a quick glance at the Pros and cons

Stepping into the world of cryptocurrencies, you will be required to hold a wallet for organizing and managing your funds related to it. The wallets are essential for storing, managing, buying, selling, and carrying out the activities related to these assets.

There are several wallets available in the market today but choosing the correct one can be a difficult task for you. Here we will be discussing Atomic wallet so that it will ease you in making a correct selection of wallets for your funds.

Pros and cons of Atomic Wallet

For selecting an appropriate wallet for your funds, knowledge of the pros and cons of the wallet becomes necessary. In this article, we’ll look into the same for reaching any conclusion.

Positive aspects of the wallet

Let’s get started by knowing the pros of this wallet:

• Comes with simple UI

The atomic wallet is designed in a way to provide its users with an easy interface. Having complex navigation and the process will surely put the user in trouble and will lead to adverse results. With the easy UI, this wallet is gaining much popularity and is getting accepted by the majority of investors. In another way, we can say that it is straightforward and the user need not struggle with its navigation.

• Enjoy the services without revealing your identity

Where most wallets ask for users' KYC, Atomic Wallet doesn’t ask its users for the same. You can operate its services without disclosing your identity. However, this doesn’t mean that there is some loophole in the security. The wallet has some private keys that are kept safe on your operating device and can be accessed by the holder only.

• Offers a large variety of Cryptocurrency

Another advantage of this wallet is that you can deal with a large number of Cryptocurrencies using this wallet. The wallet supports more than 400+ cryptocurrencies.

Negative aspects of the wallet

We have gone through the positive side of this wallet, now let’s have a look into its negative aspects:

• Charges high fee

Due to its high fee, the investors have to go through their decision again regarding the selection of this wallet.

• Doesn’t support hardware wallet

Another drawback of this wallet is that it doesn’t render support to a hardware wallet.

Bottom Line

An atomic wallet is a cryptocurrency wallet that helps you to manage your funds. This wallet even allows its users to vote on the upcoming projects that are to be added to this platform. It is the first wallet that supports cross-chain technology, offering you trade into more than 500 cryptocurrencies and 3+ million over the globe.