Atomic Wallet Review: Security, Features, And Fees

In this Atomic Wallet review, we take a fresh look at the non-custodial crypto wallet that launched in 2017, now supporting 1,200+ assets across major blockchains. The app built a reputation for simplicity and decentralization, yet a major compromise in 2023 left many asking whether it remains a safe place to hold digital funds. Atomic Wallet is generally not considered a “scam,” but the breach and the mixed post-incident experience mean it deserves extra caution and careful risk management.

Above all, a cryptocurrency wallet must protect funds and keep private keys under your control. How well does this app safeguard keys, perform day to day, and serve newcomers to crypto? The sections below answer those core questions.

This is a non-custodial crypto wallet that started in Estonia in 2017. It began on desktop and later expanded to mobile, focusing on privacy, decentralization, and straightforward access to coins and tokens.

The product scaled quickly, reporting over 10 million users and more than 5 million installs worldwide. Broad asset coverage and an intuitive interface helped drive that growth.

The wallet accommodates a wide set of coins and tokens, including Bitcoin (BTC), Ethereum (ETH), and many other major assets across multiple chains. It also supports common token formats on networks like Ethereum, Binance Smart Chain, and Tron.

Assets not listed by default can be added manually. Sending supported tokens to your address will typically surface them, giving you flexibility across supported coins.

Not every coin or network is available, and coverage can be limited for newer or more niche chains. The supported-asset list is updated periodically through app updates and provider-side integrations, so availability may change over time.

More than 60 blockchains are available, including:

• Bitcoin
• Ethereum
• Binance Smart Chain
• Solana
• Litecoin
• Avalanche

For the full roster of supported assets, refer to the provider’s catalog page.

Crypto Onramping

You can buy crypto with a bank card through a Simplex integration, enabling fast onramping from fiat to digital assets. While the wallet itself is self-custody, third-party purchase providers may require identity verification in some cases, depending on payment method and jurisdiction.

Fees are notably high for card purchases, typically near 5% per transaction, and there is a minimum purchase amount of about $50.

Staking and Earning

Users can stake select networks directly in the app and earn yield by locking tokens. More than 20 assets are supported, with advertised returns up to roughly 20% depending on the chain.

In practice, staking terms vary by network: some assets have minimum staking amounts, and many proof-of-stake chains include lockups or unbonding periods before you can fully withdraw. Rewards may be credited automatically or require a manual claim step depending on the network and implementation, and “auto-restaking” behavior can differ by asset.

Popular staking choices include:

You select the amount to stake, and rewards are credited to your wallet on a regular schedule.

The Atomic Wallet token is the native token tied to this ecosystem, offering utility and incentives such as:

• Staking: Earn higher yields on Atomic Wallet token holdings
• Cashbacks: Receive rewards for in-app swaps when eligibility thresholds are met
• Referrals: Invite new users and earn a token bonus

A browser extension enables interaction with Web3 dApps and marketplaces. You can connect to DeFi platforms like Uniswap and PancakeSwap and manage NFTs from supported chains.

This streamlines exploring decentralized finance and digital collectibles from one place.

The built-in swap tool lets you exchange 100+ trading pairs without leaving the app. The flow is straightforward and designed for speed.

Holding a qualifying balance of the Atomic Wallet token may unlock swap cashback perks. Depending on location and the swap partner used behind the scenes, additional compliance checks may apply for certain transactions.

The wallet encrypts sensitive data locally. Your private keys and 12-word backup phrase are stored on your device, reducing exposure to centralized breaches. Access is typically protected by an app password, and many devices also support biometric unlock at the operating-system level; keeping your phone or computer secured (updates, malware protection, and screen-lock hygiene) remains a critical part of the overall security model.

Self-custody protects you from exchange insolvency, but it also means device security and recovery-phrase storage become your primary defense.

Independent audit coverage is not consistently verifiable from public materials across all releases, and the app’s closed-source design can limit what outside reviewers can confirm without relying on vendor disclosures.

In 2023, a large-scale exploit resulted in roughly $100 million in losses across thousands of accounts, with some users reporting multi-million-dollar hits.

A major wallet compromise often changes user expectations: even if features remain strong, trust can take far longer to rebuild than software to patch.

Critics cited slow and unclear communications during the incident, and many moved funds on their own as a precaution. The event raised questions about the app’s threat model and safeguards.

Post-incident, the team rolled out updates and notifications intended to harden defenses. Because the software is closed source, however, independent verification remains limited. For more resilient key management, some users prefer Cypherock X1, which shreds the private key into multiple parts stored across devices so a single point of compromise does not expose funds.

Two primary fee categories apply:

Atomic Wallet generally does not operate like a tax-reporting exchange, and it typically does not issue tax forms for wallet activity. Any buying, selling, swapping, staking, or spending may still create taxable events, and you remain responsible for tracking and reporting them according to your local rules.

Mobile App Experience

The mobile app emphasizes clarity and ease. It has millions of installs and strong ratings for usability. Balances, swaps, and transaction notifications are all accessible from a clean dashboard.

Desktop Platform Experience

The desktop client supports Windows, macOS, and Linux. It aims for a smooth experience with routine updates for stability and security.

Follow these steps to begin:

• Download and install the app for desktop or mobile
• Create a wallet and set a strong password
• Secure the 12-word backup phrase offline
• Fund the wallet via a crypto deposit or card purchase

To get your money out, you typically send crypto from Atomic Wallet to another wallet or to an exchange account: open the asset you want to move, tap Send, paste the recipient address, confirm you’re using the correct network, enter the amount, review the network fee, and confirm the transaction. Atomic Wallet does not offer direct fiat withdrawals to a bank account; to cash out to fiat, you generally send crypto to an exchange that supports bank withdrawals and complete the withdrawal there.

Support is available by email, social channels, and a knowledge base. There is no 24/7 live chat, so urgent matters may take longer to resolve.

User sentiment is mixed, with particular frustration reported during and after the 2023 incident.

• Non-custodial wallet with user-controlled private keys
• Broad support for cryptocurrencies and token standards
• Integrated access to Web3 dApps and NFTs

• High card purchase fees for buying crypto
• No round-the-clock live chat support
• Ongoing trust concerns following the 2023 breach

For convenience and smaller balances, the wallet’s staking, swaps, and Web3 access may suffice. It offers a straightforward path to manage assets in a single interface.