Atomic Wallet Knowledge Base | Atomic Wallet Support (2024)

FAQs

What is the secret phrase on the Atomic Wallet? ›

How to secure your wallet. Write your 12-word backup phrase down. Grab a notebook (or a piece of paper) and a pen and write your backup phrase down. Keep this copy in a safe place where it can't be found by people you don't want to have it.

Make sure you're using the latest version of our app. We're constantly working on improving the app's performance, so it's important to keep your Atomic Wallet up to date. Check your system's version. Are there any updates available for your operating system you might have previously put off?

How does the 12-word phrase work? The only way to change your 12-word phrase is to create a new Atomic Wallet. For each wallet, a 12-word backup phrase is generated only once and creates the private-public key pairs for all the coins.

Your assets are stored on the blockchain.

Since Atomic Wallet is just an intermediary between you and the blockchain, your coins aren't stored by us. You're free to export your private keys anytime, and your funds wouldn't be put at any risk if our company was to close down.

The only efficient way to trace the wallet address stolen from your atomic wallet is by reaching out to competent and reliable crypto hacker to help you trace and recover your stolen BTC from your atomic wallet.

“Apple decided to remove the app because the wallet uses 3rd party for exchange,” an Atomic Wallet spokesperson said last December. “We are working on that. We will make an announcement once the app goes back live on App Store.” As of March 2022, Atomic Wallet is yet to make a return to the iOS store.

Atomic Wallet is a well-rounded, accessible and easy-to-use crypto wallet. In addition to supporting a large number of cryptocurrencies, it also allows users to buy, stake and swap a strong selection of coins.

With Atomic Wallet, you can store, send, receive, swap, and buy cryptocurrencies. Unfortunately, it's not yet possible to cash out from Atomic Wallet directly, as the app doesn't support crypto-to-fiat conversions.

Atomic Wallet is a non-custodial decentralized wallet. It means that you own your backup phrase and private keys, thus, you fully control your funds. We have no access to your wallet and your sensitive information.

Your 12-word secret recovery phrase is the key to your wallet and controls access to all your funds, so write it down and keep it safe! If your device is lost or stolen, the only way to recover your funds is with your secret recovery phrase.

What is the 12-word mnemonic phrase? ›

Your Kinesis 12-word seed phrase, also known as "private keys", "recovery phrase", or "mnemonic phrase", is a string of numbers and letters that are unique for each account. They are used to generate the public keys and these public keys are used to generate the public address you use to receive cryptocurrencies.

Here is an example of a 12-word seed phrase: timber, sword, where, noodle, joy, eagle, admit, tuna, vibrant, museum, gossip, river. The standard method for seed phrases is called BIP-39 —short for Bitcoin improvement proposal-39. BIP-39 was introduced in 2013 with a list of 2,048 words that could be in seed phrases.

Does Atomic Wallet automatically deduct taxes? No, as of 2024, Atomic Wallet does not automatically deduct taxes from crypto trades. However, Atomic Wallet might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.

Atomic Wallet is a cryptocurrency wallet that was founded in 2017 and headquartered in Tallinn, Estonia.

Atomic Wallet is a cold wallet type, all passwords and data are stored on the user's device and it is not kept at any server, so there is no custody risks or the possibility of losing funds through centralized services. The main risk in Atomic Wallet is if you lose your backup phrase or send it to another person.

What Is a Private Key/Secret Key? A private key generally refers to an alphanumeric string that is generated at the creation of a crypto wallet address and serves as its password or the access code.

AWC is the native token of Atomic Wallet.