The goal of Atomic Wallet is to remove centralized intermediaries like regulated exchanges and give crypto owners total control of their finances. Users are not required to make an account, go through a verification process, or go through KYC regulations. Funds also cannot be blocked by a third party.
Instead, Atomic Wallet offers a single, secure interface for users to manage, exchange, stake, and buy crypto assets across blockchains without any intervention.
The following Atomic Wallet guide explores how crypto wallets work, how to set up your Atomic Wallet, its pros, cons, the AWC token, and the founding team.
A cryptocurrency wallet is software used to store public and private keys. It interacts with blockchains to let users send and receive digital currency, and monitor their balance and stake tokens.
Unlike a traditional wallet, digital wallets don’t actually store your currency. Instead, they keep a record of transactions and your currency is stored on the blockchain.
For a crypto wallet to “hold” cryptocurrency, the private key in your wallet needs to match the public address to which the cryptocurrency is assigned. When the keys match, this will show as a balance in your wallet.
If you want to send cryptocurrency, you sign off ownership of the coins and they will then match the wallet address you sent them to. Technically, there’s no exchange of actual coins but a transaction record on the blockchain that changes your balance.
To best understand how Atomic Wallet works, let’s glance over how several different types of crypto wallets function: