Is Atomic Wallet Safe? What Beginners Should Know

​About Atomic Wallet

Atomic Wallet is a decentralized cryptocurrency wallet based in Tallinn, the capital of Estonia. It was founded in 2018 by Konstantin Gladych, who was previously the co-founder and CEO of another well-known cryptocurrency platform, Changelly.
Specifically, the wallet provides its users with the ability to purchase, stake, and earn cryptocurrency. The non-custodial wallet also offers support for more than 500 different currencies and tokens, all in a sleek yet straightforward interface, while providing a high degree of protection for its users to secure their cryptocurrency holdings, which will be the primary focus of this guide.

Atomic Wallet’s reputation in the industry

Atomic Wallet has built a credible reputation since its inception in the cryptocurrency space. For instance, it is trusted by more than 3 million people across the globe, with a ‘Great’ rating on Trustpilot with over 11,000 reviews in addition to its average rating above four stars on both the App Store and the Google Play store.
By the same token, Atomic is supported by over 40 distinct blockchains and has raised its employee count to over 50 since 2018 as it continues to make strides in the industry.
Not only does Atomic combine cutting-edge technology, design, and security in a single wallet, it also offers a user-friendly platform that is entirely secure, enabling users to keep track of the assets they have invested and store them in a safe, decentralized space, which is in line with the spirit of cryptocurrency.
Since the Atomic Wallet team cannot have access to your transactions, keys, or backup phrase, it offers users three key security and privacy benefits:
  1. Anonymity: Since no accounts, verification, or know your customer (KYC) information is necessary, no one can restrict your cryptocurrency use. 
  2. Decentralization: the Atomic Wallet is entirely decentralized, you are the only one who has access to your funds and is in control of your cryptocurrency. 
  3. Security: The private keys and 12-word backup phrase are encrypted and remain on the device.

What makes Atomic Wallet safe?

The Atomic Wallet is distinguished by the fact that all of your funds are securely encrypted in the blockchain, and by using your seed phrase, only you can get access to your funds.
Cold wallets are those in which all passwords and data are saved on the user’s device rather than a server, eliminating custody issues and the potential of money being lost via centralized services. 
Atomic is an example of such a wallet. The most significant risk of Atomic Wallet is that you will lose your backup phrase or if you send it to someone else accidentally.
Atomic has a number of beneficial features in order to keep its users safe, firstly since it is a non-custodial wallet.
  • Registration/Login not required: Atomic does not require the user to register or log in.
  • Private Keys: Your private keys stay on your device.
  • Blockchain: User funds are not held in the wallet, they are kept secure on the blockchain;
  • Encryption: The 12-word backup phrase and your private keys are extensively encrypted locally on your device;
  • Privacy: Atomic does not have access to your wallet or your personal information.

Is Atomic Wallet safe?

Yes, Atomic Wallet is a non-custodial decentralized wallet. It includes a private password, encryption, and a 12-word seed phrase that is stored on your device, ensuring that you maintain total control over your assets. To the Atomic team, users remain anonymous, as do their data and transaction history.