XYO and Atomic Wallet: Taking the Fear out of Crypto Trading!
If you’re a crypto collector or trader and you know your way around a wallet, you pretty much feel comfortable moving your tokens around. It’s not really a big deal.
However, if you’re an average Jill or Joe who would love to get into crypto, just the thought of setting up a wallet or moving crypto around is 100% terrifying.
Why? Well, how many times have you read variations of this in crypto forums?
“HELP! I accidentally sent my entire life savings worth of crypto to the wrong wallet and there’s no way I can get it back!”
“Some scammer promised me an $8.5 million crypto airdrop if I would give them my wallet address, so I did! And now my wallet’s empty! HEEEELLLLPPPP!!!!!”
See? Scary stuff!
Now, if you’re like us, you’re a little skeptical that this is happening as often as people claim it is. For some people, it’s just about getting attention. We get it.
But even if it happens only ¼ of the time one comes across these posts on the web, that’s enough to scare the bejeezus out of any noob trader.
And to further complicate things, there are two types of wallets to think about. A hot wallet is connected to the Internet. It needs an Internet connection to permanently connect to the blockchain. This makes it more vulnerable to hackers.
Then there’s the cold wallet. Think of your cold wallet as you would a safe. It’s not connected to the Internet at all, but if you lose your private key, it’s nearly impossible to get your crypto back.
The team at Atomic Wallet understood that to make crypto mainstream, they had to remove the fear factor from crypto trading. So they created a doubt-crushing decentralized cold wallet that even beginners can use and love.
So, how is Atomic Wallet different?
- Your private keys and crypto are stored on your device, not in some Internet-connected centralized server somewhere!
- You can create your wallet and send, exchange, receive and purchase crypto — within the Atomic Wallet app.
- You can buy, sell and trade on three exchanges within the app: Chanelly, ShapeShift and ChangeNOW.
- You can even store some crypto long-term, and set some aside for trading.
The Atomic Wallet team has no access to private keys — it’s up to users to keep them safe. So if you use Atomic Wallet, keep your info safe!
As far as we go, our team has tested out Atomic Wallet and like what they’ve created.
This is why we’re proud to welcome them to the XYO family!
