Atomic Wallet Guide: A Beginner’s Guide on the Non-Custodial Wallet

To best understand how Atomic Wallet works, let’s glance over how several different types of crypto wallets function:

• Paper wallets are simply keys written on a physical piece of paper- make sure you store it in a safe place! They offer a higher level of security compared to online wallets as your crypto is held offline, although it’s harder to actually use your crypto for trading, staking and other online activities.
• Online wallets are best known as the easiest way to get started in crypto. They provide good security through two-step verification, easy access to apps and software, and simple transaction methods. Sending crypto with an online wallet is as simple as transferring money through your online bank account. Great online wallets include Binance, Coinbase and Kraken.
• Hardware wallets provide the ideal balance between security and convenience. Designed as a thumb-drive device, they provide the security benefits of paper wallets (being offline) and the usability of online wallets as they can be used to transfer crypto to others on the internet. The most popular hardware wallets are Trezor and Ledger.
• Software wallets are generally software applications that allow for the non-custodial storage of assets, meaning you maintain control over your cryptocurrency at all times.