What are atomic swaps and how do they work in Atomic Wallet?
Atomic swaps are peer-to-peer cryptocurrency exchanges that occur directly between users without intermediaries. In Atomic Wallet, this technology allows you to swap between different cryptocurrencies trustlessly using Hashed TimeLock Contracts (HTLCs). This means exchanges are secure, private, and don't require depositing funds on centralized exchanges.
Which cryptocurrencies does Atomic Wallet support?
Atomic Wallet supports 500+ cryptocurrencies including major coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), and thousands of ERC-20, BEP-2, and other standard tokens. The wallet continuously adds support for new assets and blockchain networks.
How do I stake cryptocurrencies in Atomic Wallet?
Staking in Atomic Wallet is straightforward. Simply navigate to the staking section, select a supported Proof-of-Stake cryptocurrency like ATOM, XTZ, or TRX, and click "Stake." You'll see the current APY and can choose the amount to stake. Rewards are automatically distributed to your wallet, making passive income generation simple and accessible.
What happens if I lose my phone or computer with Atomic Wallet?
If you lose your device, you can recover your funds using your 12-word backup phrase on any new device. Simply download Atomic Wallet, select "Restore from Backup," and enter your recovery phrase. Your complete wallet with all assets and transaction history will be restored, as your funds are stored on the blockchain, not on your physical device.
Does Atomic Wallet charge fees for transactions?
Atomic Wallet doesn't charge additional fees for basic transactions beyond standard network fees. However, for exchange services and atomic swaps, there is a 0.5% service fee. Network fees for blockchain transactions are determined by each respective network and vary based on congestion and transaction priority.
Can I buy cryptocurrency directly in Atomic Wallet?
Yes, Atomic Wallet offers integrated cryptocurrency purchases through partners like Simplex and MoonPay. You can buy major cryptocurrencies like Bitcoin, Ethereum, and others using credit/debit cards or bank transfers directly within the wallet interface. These services may require KYC verification depending on the amount and jurisdiction.
Is Atomic Wallet better than other crypto wallets like Exodus or Trust Wallet?
Atomic Wallet stands out for its built-in atomic swap technology, extensive cryptocurrency support, and robust staking features. While Exodus offers a beautiful interface and Trust Wallet excels for mobile use, Atomic Wallet provides a balanced combination of security features, exchange capabilities, and multi-platform availability that makes it ideal for both beginners and advanced users.