This FAQ covers everything beginners need to know about Atomic Wallet, a popular non-custodial cryptocurrency wallet. We will explain its main features, how to set it up, security considerations, and answer common questions about buying, storing, and staking crypto.

What is Atomic Wallet and how does it work?

Atomic Wallet is a non-custodial software wallet that lets you store, manage, buy, exchange, and stake over 300 cryptocurrencies in one interface. It works by generating and storing your private keys directly on your device, so you alone control your funds.

The wallet uses a peer-to-peer matching engine for built-in crypto exchanges, and it supports integration with hardware wallets for added security. Key features include:

  • Non-custodial: you hold your private keys
  • Available on Windows, macOS, Linux, iOS, and Android
  • Built-in exchange and staking features

Is Atomic Wallet safe to use?

Atomic Wallet is generally safe for everyday cryptocurrency storage because it is non-custodial, but its security ultimately depends on how carefully you protect your recovery phrase and device. The wallet does not hold your funds or private keys on centralized servers, reducing the risk of exchange-style hacks.

However, Atomic Wallet has faced security incidents in the past, so you should be cautious. For example, there was a reported security event in June 2023 that affected some users. To stay safe, always enable the auto-lock feature, never screenshot your recovery phrase, and consider a hardware wallet for long-term savings.

How do I create a new Atomic Wallet?

To create an Atomic Wallet, you download the app from the official website or a trusted app store, click Create a new wallet, and then write down your 12-word backup phrase exactly as shown. The app requires no email or personal information.

After you confirm the phrase, your wallet is ready to use. Do not skip saving your recovery phrase because it is the only way to restore access if you lose your device. You can set a local password for additional protection.

How do I buy crypto with Atomic Wallet?

To buy crypto with Atomic Wallet, open the app, choose the cryptocurrency, click Buy, and then use a third-party payment provider such as Simplex, MoonPay, or Banxa to pay with a credit or debit card. These providers vary by region.

The purchased coins are sent directly to your Atomic Wallet address. Third-party providers may charge higher fees than a regular exchange, so compare prices before you buy. Alternatively, you can transfer crypto from an exchange to your Atomic Wallet address.

What cryptocurrencies does Atomic Wallet support?

Atomic Wallet supports more than 300 cryptocurrencies and all ERC-20, TRC-20, BEP-2, and BEP-20 tokens, including Bitcoin, Ethereum, Litecoin, XRP, and many popular memecoins. The exact list changes over time because new assets are added regularly.

You can generate a receiving address for any supported asset directly inside the app. In some cases, you can also add custom tokens by importing their contract addresses.

  • Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP
  • ERC-20 tokens like USDT, USDC, and SHIB
  • BEP-2 and BEP-20 tokens on Binance Chain

Atomic Wallet vs. Trust Wallet: which is better?

Atomic Wallet and Trust Wallet are both non-custodial wallets, and the better one depends on whether you prefer desktop-mobile support and built-in staking or deeper Binance and DeFi integration. Atomic Wallet is available on desktop and mobile, which is a plus if you want to manage your wallet on a computer. Trust Wallet is mobile-only but offers a built-in Web3 browser and is tightly integrated with Binance services.

If you want to stake many different coins and use a built-in exchange, Atomic Wallet is a strong choice. If you frequently use Binance or interact with DeFi apps, Trust Wallet may be more convenient.

How do I recover my Atomic Wallet with a recovery phrase?

To recover your Atomic Wallet, reinstall the app, select Restore from backup, and enter your 12-word recovery phrase in the exact order to regain access to your funds. This phrase is the master key to your wallet, so never share it or store it digitally.

If you lose both your device and your recovery phrase, your funds are lost forever, and customer support cannot help. Always store the phrase offline, for example, in a fireproof safe.

Does Atomic Wallet support staking and other earning features?

Yes, Atomic Wallet supports staking for about a dozen major assets, including Tezos, Cosmos, Cardano, and Ethereum, allowing you to earn passive rewards directly in the app. The exact staking options and yields change as network conditions change.

Atomic Wallet also has an integrated exchange and a fiat on-ramp, but it does not offer lending, yield farming, or other DeFi products. Staking is done by delegating your coins to a validator; you can choose validators with competitive commissions inside the wallet.

Final Thoughts

Atomic Wallet is a feature-packed, non-custodial wallet that is well-suited for beginners who want an all-in-one solution for storing, buying, exchanging, and staking cryptocurrency. Its desktop and mobile availability makes it versatile, while its recovery phrase system gives you full control over your assets.

However, you must treat security seriously: keep your recovery phrase secret, enable lock features, and avoid trusting third-party spending restrictions. For large holdings, many experts recommend a hardware wallet or a combination of hot and cold storage.

This FAQ should help you get started, but always do your own research before moving funds or choosing validators.