Atomic Wallet was founded in 2017 by CEO, & co-founder of Changelly, Konstantin Gladych. Atomic wallet is an open source platform, allowing users to purchase a wide range of digital currencies, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, EOS, Tether USD, Cardano, Bitcoin SV, Tron, Dash, NEO, Vechain, OmiseGo, Monero, Cosmos, Chainlink, Brave, Attention Token, Binance Coin,Tezos and hundreds more, with their debit/credit cards. Allowing users to buy crypto with fiat currencies, more speedily and confidently than with centralized exchanges

The digital asset platform offers support, not only for a wide range of cryptocurrencies, but device operating systems as well. Atomic Wallet, can be downloaded on Apple’s Mac OS and Microsoft’s Windows PC operating systems, as well as Linux based OS’s Ubuntu, Debian, and Fedora. The Atomic Wallet team cast the net wide on the mobile platforms front as well, as the wallet is available on both Android and iOS. Ensuring that nobody has an excuse for missing out on the crypto revolution.

Platform Security

Atomic Wallet is a cryptocurrency wallet that allows for the purchase and exchange of cryptocurrencies. The platform is blockchain based, and therefore decentralized, it even includes a native token, AWC (Atomic Wallet Coin).

Offering digital currency storage and exchange services backed by blockchain level encryption, Atomic wallet gives users a secure and speedy platform with which to transact their digital value. The wallet offers fingerprint scanning and pin code keys for an added level of security, virtually operating as a bank. 

Fees

Downloading and using Atomic Wallet is free of charge but transacting currencies will incur relevant network fees. Bank card purchases will also incur a 7% commission charge, along with a minimum $10 fee limit. Peer-to-peer trading based token swaps will be charged according to chosen option; through Changelly, Shapeshift, or Atomic Swap. Staking however, is free of charges.

Atomic Swaps

Atomic Swaps are, to put it simply, an automated form of peer-to-peer trading. When one user puts up a bid to swap a certain number of coins for the equivalent value in another digital asset, the Atomic Swap contract automatically brokers the deal between said user, and a user who meets the first user’s requirements at market value. 

Atomic wallet makes the complicated process of interacting between differently engineered blockchains a fairly simple one.

Staking

With the explosion of Proof of Stake (PoS) consensus based coins, which are less hardware and power intensive, many platforms have begun to offer staking services. What sets Atomic wallet apart, is that it offers staking services free of any charge. Users who opt in for staking through Atomic Wallet will receive payments directly from the validators they delicate their funds to, with no commissions paid to Atomic Wallet.

Through Atomic Wallet, one can stake Cosmos, Tezos, Ontology, Komodo, Tron, Neo, Vechain, Algorand, and Cardano at varying rates of return. Annualized returns on investment per coin usually range between 1% to 10%.

Conclusion

Atomic Wallet is a phenomenal piece of software when it comes to security and ease of use. It allows users to interact value between fiat and digital currency seamlessly and with confidence, owing to the platform’s decentralized nature. The only drawback to using the wallet is having to record a passphrase, but that is a security requirement one has to put up with. 

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Which currencies does the Coinbase Card support?

You can spend the cryptocurrencies loaded on your Coinbase account’s wallet.

Fiat currencies and cryptocurrencies Coinbase supports

• Supported fiat currencies: USD, EUR, GBP
• Supported cryptocurrencies: Approximately 17 cryptocurrencies

How can I fund my Coinbase Card?

You can deposit funds onto your Coinbase account. Coinbase accepts the following payment methods:

• Credit card
• Debit card
• PayPal

Coinbase Card fees and limits

The first fee is the plastic card issuance fee of £4.95. You’ll need to have enough funds in your Coinbase account to cover that cost before you can order the card.

After that, you’ll encounter the following fees when using your card for purchases or for withdrawing cash at an ATM.

Coinbase Card fees for purchases

Your fee for purchases with crypto will be made up of the cryptocurrency conversion fee, plus the relevant transaction fee for the location.

So if you make a purchase with your card outside of Europe or the UK, you’ll be charged a 5.49% fee. If you make a purchase inside the UK you’ll be charged only the 2.49% conversion fee.

Coinbase Card ATM fees

The ATM fees listed here apply to both ATM withdrawals and over-the-counter cash withdrawals from bank branches. Your conversion fees will apply on top of the relevant ATM fees.

Coinbase Card limits

The table below shows the default limits. Note that you can change the daily spending limit by contacting Coinbase Card support.

Conclusion

Pros

• Link the card to your Coinbase account and activate it, then you’re good to go.
• Widely accepted. The card is accepted anywhere a standard Visa debit card is.
• Almost just like a standard debit card. It’s just like a standard debit card, except for crypto. You can even tap and go with it.

Cons

• High fees.

If you’d liked this article but you wish to learn more, try reading this article on How to create a coinbase wallet.

Or, if you’d like some free money – check out this – How to Claim free 50 Stellar Lumens.

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As a result of the crypto market’s volatility, digital assets pegged to safe-haven assets (Gold, Silver etc.) or fiat currencies have proliferated the scene in recent times. These so-called stablecoins offer investors a short to a midterm unit of account that maintains a more stable value. Stablecoins are set up to hold value independently of traded markets, and therefore offer a way for traders to weather market turbulence.

Cryptocurrencies, in their current volatile state, miss the mark in terms of the purpose for which they were designed. The deflationary nature of crypto assets don’t incentives their use as a medium of exchange and, as a result, have become increasingly used as speculative tools. This has become the cryptocurrency market’s Achilles’ heel in the bid for mainstream adoption.

“Any application which requires a low threshold of volatility to be viable on a blockchain, consumer loans for example, simply cannot be denominated in a currency which fluctuates 10–20 percent in a day, like Bitcoin and Ether.” Gregory DiPrisco – MarkerDAO

The Future of Stablecoins

“The next wave of the crypto market will be driven by real-world value and real-world use cases,” stated Tory Reiss, co-founder and head of partnerships at stablecoin TrustToken, in a conversation with Inverse.

“This is the true excitement that traders are feeling around stablecoins in 2018: the promise of trillions of dollars of value being easily accessed and traded by anyone with a smartphone, anywhere in the world”.- Reiss

According to the cryptocurrency exchange, Binance’s research arm, stablecoins will increasingly be used as quote currencies for crypto-assets and may grow to overtake Bitcoin as the leading quote currency. Despite currently having low trading volumes and market capitalization, stablecoins have overtaken Bitcoin and Ethereum trading pairs and now represent about 60% of all trading volume (a significant jump from the 35% they represented a year ago.

Controversial Tether controls the majority of stablecoin trading volume while exchange coins are also experiencing an uptick in user patronage. The Winklevoss twin’s Gemini Dollar gave up “nearly half of its market capitalization in the first four months of 2019” but that does not necessarily give us a clear picture of the whole industry, as Coinbase’s USDC stablecoin has seen the largest gains with regard to circulation.
Stablecoin issuers have also begun to diversify into other fiat currencies.

Binance has announced plans to release a stablecoin pegged to the British Pound (GBP) aiming to offer an alternative to TustToken and eToro’s sterling backed crypto assets. This is an indicator that stablecoins fill an important gap with the digital assets space and may continue to be relevant for as long as regular digital currencies’ prices remain volatile.

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