Sunday , June 13 2021

Get to know Atomic Wallet, the portfolio that allows atomic exchanges CriptoNoticias



The atomic portfolio is a rather strange portfolio, starting with the fact that it can more than 300 different cryptoactive substances are administered, in addition to the ability to add customized ERC20 tokens.

Another peculiarity of this portfolio is that there are atomic exchanges that are based on the realization on exchanges without intermediaries using smart contract technologyThis feature seeks to be part of the new generation of portfolios, but so far it is limited because Atomic Wallet is only capable of exchanging between three different cryptoactives: Bitcoin, Litcoin and Qtum.

On the other hand, we have that it is multi-wallet portfolio that has applications across all major operating systems: Linux, MacOS, Windows, Android and iOS.

Another important point is the fact that the application is built within the framework of the open source concept, which makes it a fully audited application.

Before starting the lesson, it is necessary to clarify this will take the Atomic Wallet desktop version of Windows, but in the same way this guide can be useful in other versions as the same usage pattern is retained.

Download and install

As for this section, the steps you need to follow are essential. The first thing to do is go to the official site to get the installer. This step is essential because in January of this year, Twitter account of the wallet the presence of a fraudulent application has been denied in. t Play Store on Android, which resembled both the name and the icon of the official statement, for the sole purpose of stealing consumer funds. Therefore, it is always advisable to go to the official website of the application to get download links.

Download link for different operating systems. Source: Atomic Wallet.

In this step, you must select the installer, depending on the operating system you are using (Windows for this tutorial), then you just have to run it and wait for the process to finish.

Create a wallet in Atomic Wallet

atomic_wallet

Source: Atomic Wallet.

When opening the application, we found the Create a new portfolio (New Portfolio) or import it through seed for recovery (Restore from archive). In our case we will choose the first option.

Source: Atomic Wallet.

The next step is to set a password. It performs two functions: The main thing is to encrypt the portfolio we will create and the second is to protect the application because every time it is running, it will be necessary to implement it.

It is necessary to make clear that this password is not related in any way to the seed we will create later. In case we want to restore the portfolio, only 12 words will be needed. on the password only performs application access features,

Seeds need to be copied and jealously guarded because this is the only way to recover funds. Source: Atomic Wallet.

Once you set your password, automatically generates the reserve seed consisting of 12 English wordsUnfortunately, we are unable to generate a new set of words if they are broken.

Another aspect to which much attention should be paid is care or shelter that we will provide this seedThe most important thing is that it is clear that we are talking about money, so with the same urgency with which we protect the bank data, we have to do it here. It is best to write this seed on a piece of paper and keep it in a safe place.

The data to be sent will only be made with our consent. Source: Atomic Wallet.

Just before we finish the process of creating a new portfolio, we get the message we see in the previous image. This indicates that we have the option (to improve user experience) to send anonymous and encrypted data to the Atomic Wallet team for errors or problems, The user can reject this invitation by unchecking the box Enable journal collection.

To run the app, you just have to press Start using Atomic,

Source: Atomic Wallet.

And we will have a new portfolio ready for use.

Portfolio processing in Atomic Wallet

Portfolio management in Atomic Wallet is quite specific, starting with the fact that there is the ability to manage over 300 different cryptoactives. There are therefore some differences in the management and organization that are given to each of them.

Source: Atomic Wallet.

Let's start with the listing. By default, you will find each of the cryptobudits used by the Atomic Portfolio. This, of course, can be changed. Just go to the configuration option in the upper right corner.

Source: Atomic Wallet.

Here is enough to unmark those that are considered unnecessary and click Apply. Also, as an alternative, it is possible to choose Clear all, which will deactivate all cryptoLooks and then continue to activate the manually needed.

Sending and receiving funds

As shown on the image, at the top of the tab Portfolio processing in Atomic Walleteach portfolio indicates: your name, the total amount expressed in both the crypto-currency and the fiat currency; the public address, and finally the button (arrow in blue) that shows the delivery menu. To get funds, we need to copy the public address. To do this, simply click on it. Similarly, if you want to see your abstraction on the QR code, just click on the symbol.

We need to take into account the direction we share, and more so in such crypto-points as ETC and ETH. Source: Atomic Wallet.

Now, in the case of sending, you must click on the above icon, which is at the end of the row of each portfolio.

Source: Atomic Wallet.

The input data is as follows:

  • size (Amount): Sending amount expressed in the selected crypt.
  • address (Address): public address of the destination.
  • password (Password): This will be the same password we set at the start when creating the portfolio.

With regard to extraction fees, they are determined by the application itself, which calculates the current mining commission. There is no way to change it.

Just keep pressing the button I send,

The transaction history can be viewed in the section history, from the side menu.

Because we do not have any transactions yet, we've shown these options. Source: Atomic Wallet.

Exchange of cryptoLights with Atomic Wallet

Before you start, you need to consider the following: Due to the limitations of atomic exchanges that somehow limit the available crypto-lows, Atomic Wallet uses exchanges specializing in exchanges such as Shapeshift or Changelly, which somehow help to increase the availability of interchangeable cryptoactives.

Atomic exchange

They are based on the principle on the stock exchange peers (person per person) when the transfer orders are transferred through the decentralized market, which satisfies both sides without the need for an intermediary structure.

Source: Atomic Wallet.

When you open the option Atomic exchange you will find three tabs at the top, from left to right, the Market section (Markets), Place Orders (place orders) and My Orders (My commandments), But before proceeding, it is useful to explain how the process is and thus to understand the function of each of these sections.

Let's start with the understanding that there are two ways to carry out an atom exchange, more direct than the other. The first option is made through an already placed order, ie. we do the exchange under the conditions set by another user, which states: The available exchange amount – you can use an amount less than that – and the price that determines the total amount of the cryptoblocks that will be received in exchange for your own.

Better showing this one, suppose we want to exchange 0.5 BTC for the DS, and find an order you want to exchange 1 BTC for the DS with a price of 90 LTC for each BTC, That means we will get 45 LTC for our 0.5 BTC.

In the other case of an atom exchange, we are the ones who will make the order by fixing the total sum of the cryptobulites to be exchanged and the price. here we have to wait for another user to accept the terms and confirm the transaction, This kind of exchange may be slower.

The difference between the two is that the first time is preserved, but not always an optimal price, while in the second case the waiting time is not fixed, but more favorable prices can be obtained.

Direct Exchange

As you already know, direct atomic exchanges are made from the section markets, so we choose this option.

You should always pay attention to the type of course (speed) that you have chosen. Source: Atomic Wallet.

The first thing is to choose the kind of exchange, I remember that we will have only 3 different cryptoLooks – For the moment.

On the other hand, and depending on the selected exchange, we'll see how the orders appear at the bottom. It is recommended that in order to obtain a good price, order exchange rates (speed) from the highest to the lowest,

Once you have selected the order, you must position the cursor over it to display the button exchangewhich will click.

Source: Atomic Wallet.

The exchange amount is then fixed. Remember, it's not necessarily the amount the user chooses, as this is the maximum amount he has; A smaller amount may be fixed. Second, the wallet password is placed and finally pressed Send request,

Because this exchange is working on Intelligent Contracts technology, we have to wait until the contract is executed in a blockchain, then funds will be available in the portfolio.

Place an exchange order

The other way to do the atomic exchange is by placing an exchange order. That's why we have to go to the section Place an order,

Source: Atomic Wallet.

In order to place an order, only the exchange amount is indicated because the exchange rate is automatically calculated by the Atom Portfolio. But if we want to get more competitive prices, click on Presets, which allows other types of options:

The exchange rate is calculated from the application according to the total market average. Source: Atomic Wallet.

The first option is Minimum amount of BTC, which sets the minimum allowable amount to open an exchange with us.

On the other hand, we have the opportunity Market price, which allows you to set a percentage margin above or below the speedFor example, if we have 1 BTC and a market price of 100 LTC for 1 BTC and if we also set a margin of 10%, the rate will be 110 LTC for each BTC. In case a negative rate is set, for example from -10%, the percentage will change to 90 LTC per 1 BTC.

The second version of Automatic trading this means thatwhen an exchange with our order is made, it is executed immediately, If this checkbox is not checked, we must accept the transaction from the tab My commandments.

Now all you have to do is push Place an order, then go to the tab My Orders which allows you to manage open orders and consult the history of the exchange.

Source: Atomic Wallet.

Centralized Exchange

As mentioned earlier, Atomic Wallet offers centralized exchange services such as Shapeshift or Changelly to increase the availability of interchangeable cryptoLooks.

To enable this option, you must go to the tab exchange from the side menu.

The platform selects the best price between the two platforms to make the conversion. Source: Atomic Wallet.

Here is enough to choose the crypto to send, and then the one we want to get. Then select exchange and the process is expected to close to see the available balance in the portfolio.

Move the private key

Atomic Wallet allows you to clean a private key. This operation is typically used in paper wallets, as this way you can access the funds through the private key.

First of all, we need to be aware of the difference between importing and cleaning a private key. The first means that the funds will be managed by a software portfolio, but this poses a risk because, on import, the privacy of the same is compromised. On the other hand, the search is an action that requires a mining commission as funds from the old private key are moved to a new addressand thus you can throw out the old wallet without compromising the funds at all.

To access this option, you must go to the settings menu (environment) and then go to import,

This functionality is very useful when you want to use the paper portfolio. Source: Atomic Wallet.

Here we will have to choose the crypto flag from which we intend to move the private key, and second, we have to put it and finally press Send to an atom, Note that the mining committee is defined by the portfolio itself. When finalizing, you only have to wait for confirmation within a block of the cryptode, and the balance will appear as available.

This process can be done with all the cryptoLooks managed by Atomic Wallet.

Conclusions on the atomic portfolio

One of the most remarkable features of Atomic Wallet is its ability to handle more than 300 crypto-agents and makes it efficient by keeping all wallets in order, despite the amount without overloading the interface.

Another aspect that needs to be emphasized is that with the introduction of atomic exchanges, a reduction in the vulnerability that is generated when centralized exchange houses are used to improve the waiting time and the availability of crypto-lows, the atomic portfolio is not managed to achieve the last two goals. ,

With regard to the points against, it would be very desirable to see SegWit's addresses, at least Bitcoin, as we only have old addresses. I must also emphasize the fact that the fixed commission, which changes only by the atomic portfolios team, is sometimes quite high.

In conclusion, we are faced with one of the widest portfolios with regard to the management of cryptocellulite, which is also a pioneer in the field of atomic exchanges. So I can only invite you to try Atomic Wallet.

Recommended photos from Atomic Wallet / atomicwallet.io


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