How to Use the Atomic Wallet

… safety and security as a primary component. References: Atomic Wallet official website. TAGS; Atomic Swap · atomic wallet · Cryptocurrency wallet …
How to Use the Atomic WalletHow to Use the Atomic Wallet

The Atomic Wallet is a decentralized multi-currency, non-custodial wallet. It supports more than 500 tokens, including all the top blockchains. It is the first wallet that supported cross-chain technology, i.e., atomic swaps.

The evolution of cryptocurrencies has led to the development of many applications/ interfaces. Such applications focus on creating an environment that commits to providing more user-friendly platforms as compared to traditional transaction systems.

Crypto wallets are the foundations of such applications. These are normal applications that the user can install on their smartphones/computers to store, send, and receive their cryptocurrencies.

The Atomic Wallet is one such application. This platform provides a single secure interface for users to manage, exchange, stake, and buy their crypto assets.

An atomic swap is a smart contract technology which allows the users to exchange one cryptocurrency with another without using any exchange or centralized intermediaries.

Supported OS

Atomic Wallet OS

Atomic Wallet OS

Installation Guide (Windows Platform)

One can download the Atomic Wallet application from the website and Google Playstore (mobile).

A user can easily download the software from the website by simply clicking the Download button.

When you open the application it will give you two options:

  1. Create a new wallet
  2. Restore from backup

Atomic Wallet

Atomic Wallet

Select option 1 if you are a new user. It will prompt you to set a password.

Atomic Wallet

Atomic Wallet

A password setup is done.

Atomic Wallet

Atomic Wallet

After that, it will give you a 12-word phrase code that needs to be stored safely.

The wallet is now successfully set up.

Important: Kindly note that the Restore from the backup option will help you to get access to your wallet fund in case you have lost your phone or getting a new phone. One can easily get all his/her digital assets back if they have securely kept their 12-word backup phase.

Atomic Wallet

Atomic Wallet

It will ask you to provide your 12-word unique backup phase.

Atomic Wallet

Atomic Wallet

Atomic Wallet

Atomic Wallet

If you provide the correct 12-word backup phrase, it will prompt you for a password set. Upon successful password setup, you are in.

Important:The Atomic Wallet locally stores the private keys, backup phrase, and password on the user device using encryption technology. The 12-word backup phrase is unique and generated randomly when the user creates a wallet. No intermediate application, platforms, or the Atomic Wallet team stores your information.

So if you lost both your backup phrase and electronic device, you can never get access to your assets back. Also, if someone got access to your backup phrase, they can steal your funds.

Therefore, it is always recommended to store the backup phrase offline.

Platform Navigation

Upon successful login, the user is re-directed to the landing page of the application.

The landing page contains the various features supported by the platform.

Let us go through the different features one by one:

  • Wallet: The wallet contains the details (token name, holding, value, current market value, and 24-hour % loss/profit) of digital assets that a user holds.

Atomic Wallet

Atomic Wallet

  • Exchange: The exchange pane allows you to exchange one coin into another.

Atomic Wallet

Atomic Wallet

Note: The desktop wallet sometimes doesn’t display the list of coins in the dropdown as you can see in the above screenshot.

We then tried to verify the same problem in the mobile wallet and found that it is working fine. See below.

Atomic Wallet

Atomic Wallet

  • Buy Crypto: One can buy digital assets by going to this tab. The Atomic Wallet supports multiple currencies. You need to mention the amount and the currency type, along with the token which you want to purchase.

Atomic Wallet

Atomic Wallet

  • History:The history tab contains the details about past transactions.

Atomic Wallet

Atomic Wallet

  • Staking: The Atomic Wallet allows the users to stake their cryptos with zero staking fees. Users who participate in staking can directly receive rewards from the validators. One can easily see the approximate yearly gain from different coin stakings.

Find more details about staking here.

Settings: The settings tab allows you to do the two most important tasks:

  • Wallet password change.
  • Private keys details.

Atomic Wallet

Atomic Wallet

Important: If you forgot your 12-word backup phrase, you can easily get it from this option. See the screenshot above.

Support: This tab contains details about their various support forums (email, chat), including their social networking sites like Facebook, Twitter, etc.

Atomic Wallet

Atomic Wallet

Features

Atomic Wallet features

Atomic Wallet features

  • Private and secured.
  • Anonymous – No need for KYC and AML verification checks.
  • 24/7 live support.
  • Supports both mobile and desktop platforms.
  • Inbuilt atomic swap functionality.
  • Supports more than 500+ tokens and collectibles.
  • Token staking facility.
  • Based on AES symmetric encryption technology.
  • Non-custodial wallet – Users will have full custody and control over their private keys.
Drawbacks
  • Not listed in big crypto exchanges.
  • Circulating supply is quite less (less than 10%) than that of the total supply. So when the remaining supply will be made available, then there is a chance of a price drop.
  • Hardware wallet support is not present.
  • High fees for credit card purchases.
Fees

Simplex, an Atomic Wallet partner and a licensed financial institution, supports all cryptocurrency purchases to ensure online fraud-free payment processing solutions. They also provide the facility to the users to buy any top cryptocurrency with a credit card. They accept USD, EUR, and local currencies worldwide.

The process involves 2 sets of fees:

  • Atomic Wallet takes a 2% fee and a minimum of $10 per operation.
  • Credit/debit card bank processing fee. Since it involves high-risk operations, this fee can be quite high (around ~ 5%).

Important: Users need to pay the network fee to include your transaction on the blockchain. This network fee is paid to miners like any other crypto transaction.

Find more details related to the transaction fees here.

Social Presence

Website

Youtube

Medium

Twitter

Reddit

Facebook

Telegram

Conclusion

The Atomic Wallet is a multi-crypto wallet that provides features of an atomic swap, credit card purchases, and trading options to its users. If we look into their product development growth chart, they are constantly trying to cater to users with the latest version so that it can meet end-users’ expectations of keeping their asset and data safety and security as a primary component.

References: Atomic Wallet official website

Hackers Have Been Desperately Trying to Crack This Bitcoin Wallet for Years

Cryptocurrency wallet holders use long and strong passwords, and dat files are encrypted with AES-256-CBC and SHA-512. Practically, it’s next to …
  • A large number of hackers have tried and failed to break into a locked Bitcoin wallet that holds a tremendous amount of money.
  • The wallet carries an enticing address, but its private key may not match, so it could very well be empty.
  • Stolen or leaked “dat” files are generally hard to crack, as they usually sit behind long passwords and strong encryption.

There’s a specific Bitcoin wallet that has been circulating dark web forums and marketplaces in the past couple of years, shared with or sold to aspiring hackers who are confident in their capacity to break in. Allegedly, the wallet holds the jaw-dropping amount of 69,370 BTC, which is the equivalent of about $720 million. The rumor that accompanies the particular wallet, whose address is “1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx,” is that it belongs to one of those early Bitcoin investors who lost their passwords.

Indeed, many of those who rushed to buy crypto a decade ago didn’t take their investment very seriously, as few expected Bitcoin’s value to explode the way it did. In other cases, owners passed away without getting the chance to share access with anyone else, so the wallets stayed locked and full.

Thus, “thick” wallets out of their owners’ reach are a reality, but not all that glitters is gold. The particular wallet may carry the same address as the wallet that allegedly holds the crazy amount of Bitcoin, but it could be just a fabricated wallet.dat file.

The person who finally cracks it may find out that it’s empty due to a mismatch in the private key. The wallet file contains pairs of public and encrypted private keys of the address, so making something appear alluring is as simple as using a binary editor to change the public key. Since nobody has cracked the particular wallet yet, there’s no way to tell if the “legend” behind this “dat” file is real or not.

Related:About $18 Million in Crypto Was up for Grabs Through Leaky Databases

As for the chances of anyone managing to crack it, that would be extremely hard with today’s computers. If it was easy, dat files would be flying around, and hackers would randomly unlock juicy wallets.

Cryptocurrency wallet holders use long and strong passwords, and dat files are encrypted with AES-256-CBC and SHA-512. Practically, it’s next to impossible to brute force the password and unlock the wallet. There are many examples of such endeavors failing miserably, and for any unlocking to occur, very special circumstances need to apply.

Still, those who have lost their sleep knowing that they own millions of USD in digital money that they can’t access will try everything in their desperation – from searching through leaked keys and testing out a ridiculous number of passwords to going through hypnosis for memory recall.

Impact of COVID-19 on Crypto Wallet Market 2020-2027 Demand by Key Players Like Bitcoin.com …

Impact of COVID-19 on Crypto Wallet Market 2020-2027 Demand by Key Players Like Bitcoin.com, Bitfinex, BitGo, Bitwala, BitPesa, BitPay and More.

This intelligence report gives a complete evaluation of the Crypto Wallet Market. This consists of research of beyond development, ongoing market situations, and destiny potentialities. Statistics real to market on the goods, techniques and market share of leading businesses of this particular market are stated. It’s a 360-degree evaluation of the global market’s aggressive panorama. The report further predicts the size and valuation of the worldwide market for the duration of the forecast duration.

Crypto Wallet Market Report provides a complete evaluation of the market. The report focuses on producers, providers, segmentation in step with the utility, primary players, clients, possibilities, destiny roadmap, and Crypto Wallet Market furthermore. The aggressive information kind evaluation consists of potential, market proportion, profit margin, market boom, consumer consumption, imports, exports, sales, and many others. Advertising techniques, rules, enterprise chain which can be changing the wave of the market also are catered in the report.

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The Global market for Crypto Wallet is estimated to grow at a CAGR of roughly X.X% in the next 8 years, and will reach USD X.X million in 2027, from USD X.X million in 2020.

Aimed to provide most segmented consumption and sales data of different types of Crypto Wallet, downstream consumption fields and competitive landscape in different regions and countries around the world, this report analyzes the latest market data from the primary and secondary authoritative source.

The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.

The report can help to understand the market and strategize for business expansion accordingly. In the strategy analysis, it gives insights from marketing channel and market positioning to potential growth strategies, providing in-depth analysis for new entrants or exists competitors in the Crypto Wallet industry.

The report focuses on the top players in terms of profiles, product analysis, sales, price, revenue, and gross margin.

Major players covered in this report:

*Bitcoin.com

*Bitfinex

*BitGo

*Bitwala

*BitPesa

*BitMex

*Bitcoin Suisse AG

*BitPay

*ANX

*Bitstamp

*Bittrex

*Binance

*BitMain

By Type:

*Software

*Hardware

*Paper Wallets

By Application:

*Hot Wallets

*Cold Wallets

Geographically, the regional consumption and value analysis by types, applications, and countries are included in the report. Furthermore, it also introduces the major competitive players in these regions.

Major regions covered in the report:

*North America

*Europe

*Asia-Pacific

*Latin America

*Middle East & Africa

*Country-level segmentation in the report: United States, Germany, UK, France, Italy, Spain, Poland, Russia, China, Japan, India, Indonesia, Thailand, Philippines, Malaysia, Singapore, Vietnam, Brazil, Saudi Arabia, United Arab Emirates, Qatar, Bahrain

Years considered for this report:

*Historical Years: 2015-2019

*Base Year: 2019

*Estimated Year: 2020

*Forecast Period: 2020-2027

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What Is Copy And Paste Crypto Scam? User Warns Of Wallet Address Swapping

A cryptocurrency wallet address is an identifier of 26 to 35 alphanumeric characters that represents a possible destination of a Bitcoin transfer or …

KEY POINTS

  • A user falls victim to a copy and paste scam
  • The wallet address he copied from Coinbase has been replaced with one belonging to scammers
  • A Bitcoin address usually have 26 to 35 alphanumeric keys and Coinbase shows only the first few characters

A cryptocurrency investor recently lost $350 worth of bitcoins to a copy and paste crypto scam..

In a Reddit post, a user named “seraf1990” warned members of the cryptocurrency Reddit Sub of a scam or malware that replaced a wallet address copied from Coinbase with an address that belonged to scammers. The user said he was planning to cash out some bitcoins by sending it from Binance to his Coinbase account and copied the BTC wallet address through the built-in copy function. He then pasted it as the destination address when Binance asked where he would like to send the bitcoins.

He confirmed the transaction without a second thought.

Later, he realized that the address he put on Binance is different from his Coinbase BTC wallet address and the only similarity is that the first 4 characters are the same.

According to Cointelegraph, the compounding issue is that Coinbase does not show the entire wallet address of the user but only the first few characters. The user suspects this is one reason why he didn’t detect the address swap initially.

“Money lost. No way to recover it. Please don’t repeat my mistake and do not blindly trust to copy-paste buffer, your computer could be infected with malware that swaps addresses and it will be too late when you realize that,” he shared on Reddit, adding that funds were intended as payment for rent.

Other users said it could be malware on his Windows machine or a browser add-on. But seraf1990 had already formatted his computer so there is no way to confirm what method was used to swap the address.

A cryptocurrency wallet address is an identifier of 26 to 35 alphanumeric characters that represents a possible destination of a Bitcoin transfer or payment. The 35 characters are practically difficult to memorize. Because of that, many exchanges employ the use of QR codes and copy-paste functions to eliminate errors and incorrect wallet transfers.

However, the case described by serif1990 is an indication that even those functions could be exploited by scammers using malware to swap the addresses. It is important for the user to triple check the destination addresses of a Bitcoin transaction in order to avoid loss of funds.


Bitcoin-Initiative QA smartphone displays the Bitcoin USD market value on the stock exchange via the Yahoo Finance app.Photo: Guillaume Payen/SOPA Images/LightRocket via Getty Images

Guarda Wallet – What is it and how does it work? Full Review

Since the arrival of virtual currencies, cryptocurrency wallets have become an indispensable part of the crypto ecosystem, in this review, we are going …

Since the arrival of virtual currencies, cryptocurrency wallets have become an indispensable part of the crypto ecosystem, in this review, we are going to talk about Guarda, a cryptocurrency wallet that offers a wide variety of services for its users, as the purchase and exchange of cryptocurrencies, staking, the possibility of multiple signature or even the creation of your own token.

What is Guarda Wallet?

Guarda is a secure, easy to use and open source multi-cryptocurrency wallet. Its first version was released in 2017 and back then it only supported ETH. It currently supports more than 100 different cryptocurrencies and tokens.

The project received the FIU license (reg. FVR000109) for virtual currencies against fiat currency exchange, complying with all the laws and regulations of each jurisdiction in which Guarda operates.

Guarda doesn´t store any personal data of its users, this multi-currency wallet offers total control of your assets, since you will be the sole owner and administrator of your private keys, something essential if you want to keep your cryptocurrencies safe.

“Our priority is the decentralization of Guarda software according to the basic principles of blockchain. User privacy and anonymity are the main principles for us, that is why we do not store their private keys, backup files or any other data on Guarda’s servers. All your private data is stored only by you. Our wallet is lightweight, has a convenient and intuitive interface.” They say on its website.

Guarda Wallet Services

Staking of cryptocurrencies

Many assets offer the possibility of staking, thanks to Guarda you can get the maximum possible return on your investment and obtain passive income with them.

You can see the assets available for this service and calculate the benefits that will be reported by clicking here.

How to stake my cryptocurrencies?

Staking is a simple and fast process, most times it´s enough to have funds in the wallet of the choosed cryptocurrency, on other occasions it must be indicated the amount of our funds we wish to staking.

Once this step is done, we will only have to wait for the rewards to passively reach our wallet, sometimes the rewards must be claimed manually.

Cryptocurrency Buy

Guarda offers the possibility of buying cryptocurrencies with a credit card, the operation of this service is fast and simple.

  • You just have to go to the Buy tab

buy crypto guarda wallet

buy crypto guarda wallet

  • Indicate the amount and the cryptocurrency that you want and click Buy.

Wallet guarda orden creation

Wallet guarda orden creation

  • Enter the wallet of the cryptocurrency you are going to buy and press “Next”.

confirmation buy

confirmation buy

  • Verify that everything is correct and “Confirm”.
  • In the next window you must enter your credit card details and proceed to payment.
  • When the payment is verified and the transaction is validated, your cryptocurrencies will appear in the indicated wallet.

Cryptocurrency exchange

The exchange of cryptocurrencies in Guarda is also a quick and intuitive process, only a basic knowledge of the sector is needed to complete it easily.

exchange guarda wallet

exchange guarda wallet

  • The first thing you should have are funds in the wallet of the cryptocurrency you want to exchange, then choose the cryptocurrency you want to acquire and press the “Exchange” button.

exchange process

exchange process

  • Fill the address of the wallet where you want the exchanged cryptocurrencies to be transferred and press “Next“.

guarda exchange

guarda exchange

  • Accept the terms, confirm the transaction and wait for complete the process. When the transaction is verified, the cryptocurrencies will have been successfully sent to your wallet.
  • This process may take a few minutes. (The approximate time of arrival is indicated during the exchange process).

Token Generator

If you are interested in launch your own cryptocurrency, Guarda offers a friendly interface and full technical support to allow you to create your own ERC20 token.

Choose the name of your asset, configure the supply and click on implement the contract. You can see everything you need by clicking here.

Deeplinks

Thanks to this Guarda service, you can put a button on your website to accept payments and cryptocurrency donations quickly and easily.

With Deeplinks, cryptocurrency payments will be made with a single click.

Blockchain Domains

The blockchain addresses of the different cryptocurrencies are a long chain of numbers and letters that are difficult to remember, thanks to Blockchain domains, you can share your easily identifiable and memorable address.

These Blockchain domains are similar to a twitter user or an email, making them more familiar and easier to broadcast.

Guarda wallet is fully compatible with these Blockchain domains. If you want to create your own blockchain domain, from the platform they provide you with a step-by-step guide to get it and use it with Guarda Wallet.

Wallets

A cryptocurrency wallet is the place where we store our assets, being able to access them from different devices is something to consider before choosing where we are going to store our cryptocurrencies.

With Guarda you can manage your cryptocurrencies from a web wallet, a desktop wallet, from your mobile, from an Armored wallet for Zcash or from an extension for Chrome.

All versions of Guarda are private, anonymous and totally secure.

How to download and install Guarda Wallet?

We are going to explain the download and installation process of Guarda step by step, in this example we will install the wallet version for Windows.

To install, go to the wallets section of the website and choose the version that you want to download, in our case we will choose the Desktop Wallet version.

Once the desired platform is clicked, the executable will begin downloading, double-click on this file to begin the installation.

This process is the same as the installation of any program, you just have to choose the place where you want it to be installed and click to continue.

Once installed, the most important part begins, the creation of the wallet.

creation wallet guarda

creation wallet guarda

  • Press Create New Wallet and in the next window insert the access password, this password must be kept in a safe place, since losing it will mean the loss of all your funds.

backup seed and password

backup seed and password

  • Download a Backup of your wallet. This Backup will help you restore your wallet if you need to format the computer or load it on another device.
  • This backup must be kept in a safe place together with the access password, if possible outside the computer and in duplicate, for example, on 2 pendrives.

guarda wallet interface

guarda wallet interface

  • Once the backup is downloaded, your wallet will be fully functional.

Conclusion about Guarda Wallet

Launched in 2017 Guarda Wallet is a project built by a team of highly experienced blockchain-loving specialists.

Privacy, anonymity, security and decentralization are some of the pillars of the company, which makes it a project that follows the basic and most important principles of blockchain technology.

Adding up all these factors, we can say without a doubt that Guarda is a totally reliable cryptocurrency wallet to store our assets.

In addition, its ease of use and the wide variety of services it offers make it a wallet to consider.

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