What is Atomic Wallet? Multi-purpose wallet user guide supporting more than 300 Coin

 160 total views


2021-03-22 23:21:06

What is Atomic Wallet

Atomic describes itself as a non-custodial decentralized wallet that manages, exchanges, and can trade with over 300 cryptocurrencies in a single interface. AWC is a token issued by the cryptocurrency wallet AtomicWallet.io. As a team, AWC token holders receive benefits such as Staking, discounts on exchange services, additional features for transactions, affiliate rewards and bonuses, and dedicated support. . It claims to be the first wallet to have done the Cross Chain Atomic Swap.

What is Atomic Wallet

Reasons To Choose Atomic Wallet

Advantages

As well as types electronic money wallet Other, Atomic Wallet allows you to store Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Tron, … and more than 300 different types of Coin / Token without losing any cost. So it can be said that it is the most convenient wallet if you intend to store a lot of coins. The interface is very user-friendly, simple, eye-catching, and easy on the eyes. While the security is quite safe, CHK There will be a security note when it is in progress only for you to install and use.

Defect

There is no Vietnamese support yet, so for those who are not familiar with English, it may be a bit difficult to use.

Instructions for Installing, Securing and Using Atomic Wallet

Instructions for Setup and Registration

Currently Atomic wallet supports many versions for Desktop and Mobile, to choose the operating system, you come in Download the app.

To create a wallet you need to follow three simple steps:

  • Open the wallet
  • Create a password and write down a 12-word backup phrase. (Don’t forget to save it in a safe place!)
  • Let’s start using it

Or you follow a very simple video tutorial below.

That’s it! All wallet addresses for your cryptocurrency will be automatically generated from the 12-word phrase above – I call it a seed for easy memory. Seeds gives you full access to your wallet. For that reason, we recommend that you back it up. Write it down, engrave it on a piece of metal and store it in your safe or give it to your mom. When the seed is lost, you will no longer have access to the wallet!

So the wallet creation is complete, since it supports more than 300 types of coin, the main coins of course will have, the junk coins are a lot, convenient to see if the coin you are holding is supported or not, you go to the page this: https://atomicwallet.io/assets

How Does Atomic Wallet Work?

Atomic Wallet is a convenient platform that supports multi-chain cryptocurrency management that only works with nodes, blockexplorers, and APIs provided by certified services.

The seed of memory

This one has mentioned above

How it works?

All of your keys and private addresses are generated from randomly combining one word with another and they are difficult to decipher. Once your address and private key are generated, you can use them. Some assets have their own requirements, like Ripple, Stellar, and TRON due to their blockchain rules.

Exchange (Exchange, exchange)

When you use Exchange options you are working with services provided by ShapeShift and Changelly. We add their APIs to our wallets and all actions are being run by the vendors. Your balance and transaction history are dominated by blockexplorers. That is why a stable internet connection is required. If some blockexplers are blocked in your country or your IP is banned by CloudFlare, you may experience some problems with connecting to them and the balance will be incorrectly reflected in Atomic Signals: (-) . In these cases try to use a VPN.

Note: All your transactions go through blockchains, and the Atomic Wallet works in a custodial and decentralized manner. You only trade with blockchains and official nodes.

Atomic Swap

Atomic Wallet supports blockchain cross-exchange functionality. Now there are only three pairs available. We will be releasing an Atomic Swap implementation for many new assets in the future.

Atomic Swap is a smart contracts-based technology that allows the exchange of one cryptocurrency for another without the need for a third party.

Setting

In the “Settings” tab, you can change the password, enter your private key, or you can open all Private Keys to export them to other services. Meaning you can switch from Atomic to other wallets that support 12 recovery words (seed)

Wallet

The Wallet tab gives you information about your balance, and you can also transfer your money using the option “Send” to other addresses.

Information regarding balances received from blockexplorers and your USD balance is calculated according to the latest market information. It updates every 5 minutes.

Also using this tab you can add custom ERC20 tokens that are not currently supported in the Atomic Wallet. All you need to do is just enter the token’s contract address which you can find on https://etherscan.io/

Instructions for Sending and Receiving Coin

Receive Coin

You follow these steps:

  • Select an asset you want to send and click on the address, so it will be automatically copied to the clipboard. Make sure that the selected property is correct.
  • Paste the wallet address in the corresponding “Submit” field of another wallet. Then wait 5-30 minutes. All money will be automatically transferred to Atomic.
  • Check your transaction history to view your transactions.

Deposit Coin

1. Click the “SEND” button.

2. Insert your Atomic Wallet Amount, Address and Password and Destination Card as Tag or Memo (if required). The best addresses with tags such as XLM, XRP, BNB, … On exchanges

3. Calculate your amount with the fee.

For example if I have 1 BTC and want to transfer it to another address. The fee will be 0.0002. That means I will only be able to deposit 0.9998 BTC.

If your transaction doesn’t go through, try to decrease your amount and do it again, possibly due to increased network fees so you have to do it now.

4. Click “SEND” and check your conversion status in the blockchain.

Transaction history

You can review the transaction history according to the basic instructions below

Conclude

Through the article, you also know a little about Atomic Wallet which supports more than 300 types of coin / token with basic features. Some advanced features you can access to their support area here for more details. This is also an interesting option that can replace other types of wallets, depending on the taste of each user, which wallet is suitable for you, and wish you success.

blogtienao watermark1

Like fanpage Facebook of the Virtual Money Blog

Join the channel Telegram of the Virtual Money Blog

Join Group news discussion of Virtual Money Blog

#Atomic #Wallet #Multipurpose #wallet #user #guide #supporting #Coin

Related Posts

Leave a Reply

Your email address will not be published.

Close Bitnami banner
Bitnami