Speculating which wallet is better? Atomic Wallet or Coinbase? Analyzing the two, Atomic Wallet is a comprehensive cryptocurrency wallet that provides many features meanwhile, Coinbase is a renowned digital currency exchange with high safety. To make your decision easier, we’ll inspect both wallets and compare their crucial features such as safety, convenience, and customer service.
- 1 Features
- 2 Security
- 3 Fees
- 4 Pros and Cons
- 5 Conclusion
- 7 Frequently Asked Questions
What is Atomic Wallet?
Atomic Wallet is a multi-currency digital wallet. It lets users manage, store, send and exchange different cryptocurrencies. It has a simple, user-friendly interface. There’s also a secure exchange built-in. This is available on the Atomic Wallet desktop app for Windows, Mac OS, Linux and all major mobile devices.
Atomic Wallet has features like staking rewards, Atomic Swap technology and dApp integration. It also has an automated asset listing feature. This means new coins are added shortly after their release. A deterministic encryption key is generated using 12 random words (“mnemonic phrase”). This adds an extra layer of security. All these features make Atomic Wallet one of the most reliable multi-asset wallets.
What is Coinbase?
Coinbase is a cryptocurrency brokerage – ideal for investors. It allows you to buy, sell, store and use digital currencies like Bitcoin, securely and easily.
Based in San Francisco, Coinbase is trusted by over 30 million customers worldwide. It has a friendly user interface and you can trade between crypto assets. You can also buy and sell using traditional payment methods, like debit cards or bank transfers.
Your Coinbase wallet is secure and all customer deposits are stored in online vaults with multisignature authentication enabled for extra protection. Plus, all major components of Coinbase are fully audited by third-party financial institutions. So, you can trust Coinbase – your account data and financial info are safe from malicious attacks and hackers.
Atomic Wallet and Coinbase – let’s compare their features!
Atomic Wallet has an exchange, supports atomic swaps, and gives you a safe custodial wallet. Coinbase, on the other hand, has multiple crypto support and a web-based wallet. Both have their own advantages, so let’s delve into their features.
Atomic Wallet Features
Atomic Wallet is an ultra-safe, multi-cryptocurrency wallet with a user-friendly design. It is available for phones and computers. Atomic is super-powerful!
Security: The wallet cannot be hacked, but transactions are secured by antivirus protection. Passwords and authentication will keep your money safe.
Private Keys: With Atomic, no third-party is needed. The private keys to access funds are in a secure, permanent vault in the wallet.
Simple Exchange: No exchange account setup or waiting needed! Atomic has a built-in decentralized exchange (DEX) to quickly trade one asset for another.
Low Fees & Fast Transactions: No fees for deposits or withdrawals. All costs are based on each transaction. Plus, transactions are usually speedy, unaffected by blockchain clogs.
Coinbase is a platform for crypto traders. It works as an online exchange, providing buying, selling, and trading via its app and desktop. It’s easy to use – perfect for cryptocurrency newcomers. Coinbase gives users global access to their bitcoins and can manage bigger transactions from institutional investors.
Compared to Atomic Wallet, it has the benefit of great liquidity due to its large trading volumes. Plus, Coinbase offers security features like two-factor authentication (2FA) using Google or SMS. Finally, Coinbase rewards users for tasks completed on the platform.
Security’s critical when analyzing any crypto wallet. Atomic Wallet and Coinbase both offer secure storage and transactions, but there are differences. We’ll contrast Atomic Wallet and Coinbase in terms of security features, so you can make the right choice.
Atomic Wallet Security
Atomic Wallet uses advanced encryption and strict control policies for extra security. Your private keys are encrypted and never leave the wallet. You alone have access through a special 12-word combination. This must be kept secret or anyone can use your funds.
Atomic Wallet stores currencies in multiple servers located around the world, so you won’t be liable for any lost funds.
For added defense, Atomic Wallet has 2FA (Two Factor Authentication), password changes after certain periods, and regular technology updates. All data is audited regularly for safety and accuracy, giving users peace of mind with their wallets.
Coinbase is a secure digital wallet used to buy and sell crypto. It has multiple layers of security. To sign up, you must use two-factor authentication (2FA) with a mobile device or Google Authenticator app.
Coinbase uses SSL encryption for web-based communications and has a fraud prevention system. Periodic identity checks are also done. Furthermore, customer funds held with Coinbase are stored in segregated accounts and insured against theft.
Fees are an essential factor when contrasting Atomic Wallet and Coinbase. Both have various fees for differing operations, thus it’s critical to look at their fees to decide which is the better option. Herein, we will assess the fees of Atomic Wallet and Coinbase, to aid you in your judgement.
Atomic Wallet Fees
Atomic Wallet is known for its low fees. Usually, it charges just 0.5% when exchanging crypto. Plus, you can make free transfers between wallets. This is great when dealing with large amounts of funds.
Atomic also offers lower network fees when you’re sending BTC, ETH, ETC, BCH, XRP, and XLM (though these fees are at the network level).
Sometimes, Atomic may charge a small amount of Bitcoin for certain services. For example, when creating or restoring a wallet. You’ll see this fee on the final page of each transaction for complete transparency.
Coinbase fees usually stay average, and depend on the type of trade done. Free for buy and sell, except the spread (price difference) which Coinbase keeps.
For example, if you buy Bitcoin with bank account, a fee of 1.49%, with a $0.15 minimum fee. Exchange rates vary, based on payment method and location.
Using a credit/debit card to purchase cryptocurrency on Coinbase? Then a flat fee of 3.99%. Italia Visa postpaid payments have extra 1% fee, over $200 US dollars, as well as other fees from the payment provider. SEPA transfers come with a destination currency conversion fee (0-1%).
Coinbase Pro users get lower fees, by trading through their platform. Higher liquidity, tight spreads, but needs advanced trading know-how and experience. Gemini charges lower rates for deposits than withdrawals, for both SEPA transfers and ACH bank transfers, still relatively low overall, despite more than Coinbase Pro(0-1%).
Pros and Cons
Buying, selling, and securely storing cryptocurrencies? Atomic Wallet and Coinbase are the answer! But, what are the pros and cons of each? Let’s explore!
Atomic Wallet has advantages and drawbacks. Coinbase too! This article will help you make the best decision for you.
Atomic Wallet Pros and Cons
Atomic Wallet is an innovative cryptocurrency wallet featuring multiple advanced features. It lets users keep, control, and exchange over 300 digital assets with one single download. It also makes buying and selling crypto with fiat simple. Furthermore, Atomic has a fee-free decentralized exchange and multi-asset atomic swaps.
- HD keys and biometric authentication for advanced security
- Supports 300+ cryptos
- Multi-asset atomic swaps – no third-party reliance
- Low-cost buying & selling of cryptos on built-in DEX
- Easy-to-use interface
- Limited customer support options – no phone/live chat
- Withdrawal fees are expensive
- Some currencies unsupported
Coinbase Pros and Cons
Coinbase is an $8 billion digital currency exchange and wallet provider that supports Bitcoin, Ethereum, and Litecoin. Founded in 2012, it has gained the trust of users and is an attractive option for those wanting to buy crypto securely and fast. Consider these pros and cons before using Coinbase.
- Secure – 2FA and encryption of customer data.
- Easy to use – Intuitive interface and mobile app.
- Variety – Many digital currencies are available.
- Customer Support – Detailed FAQs and help from staff.
- Fees – High fees are built into each trade.
- Limited coin selection – Not all coins are listed.
- High minimums – High account opening amount.
Atomic Wallet and Coinbase are both reliable and safe. They provide an easy way to buy, manage, store, and transact crypto. It depends on your situation, which is best for you.
Atomic Wallet has more features and better control over assets. It offers token storage plus built-in trading services and decentralized exchange.
Coinbase is great for newbies to the crypto world. It has a simple UI and many supported digital assets. Plus, it has government-backed insurance, protecting funds from hacking or theft.
It’s important to review your needs before choosing the best platform.
Frequently Asked Questions
Q1: What is the difference between Atomic Wallet and Coinbase?
A1: Atomic Wallet is a cryptocurrency wallet that allows users to store, buy, exchange, and manage numerous digital assets. Coinbase is an exchange where users can buy and sell cryptocurrencies and exchange between fiat currencies.
Q2: Which is better for buying and selling cryptocurrencies?
A2: Both wallets offer different features, so it depends on the user’s needs. Atomic Wallet is better for storing and exchanging cryptocurrencies, while Coinbase is better for buying and selling.
Q3: Is Atomic Wallet secure?
A3: Yes, Atomic Wallet is secure. It uses encryption technology and multi-signature authentication to protect user data and funds.