A crypto wallet is necessary if you’re going to be transacting using crypto. In this space, 2 of the most popular options are Exodus and Atomic wallets. They are both excellent options and 2 of the most popular crypto wallets out there. But you can only have one, so it’s important to identify the better option between Exodus vs. Atomic wallet.
There are many aspects to consider when selecting a crypto wallet, but the table below shows a highlight of the most noteworthy differences between them.
|Number of cryptos supported||145||Over 500|
|Number of tokens supported||Over 1,500||Over 1,500|
|Software||Not available on Linux||Available on Linux|
Differences between Exodus and Atomic Wallet
All crypto wallets have some unique features that make them favourable to different users. To help you identify those differences, we shall look at 5 critical aspects to consider whenever you’re selecting a wallet.
With over 14k cryptos and even more tokens on Ethereum and BSC, it is impossible for any crypto wallet to support all of them. Generally, you want a crypto wallet that can accommodate the most number of coins, but this is not always the case as we shall see. This is important because some crypto assets such as NFTs can also be kept on the same wallet.
Exodus wallet supports over 145 different cryptos, which is more than many other wallets. At the same time, you can store more than 1,500 tokens either from the Ethereum network or Binance Smart Chain (BSC). Meanwhile, Atomic Wallet supports even more coins numbering over 500 while supporting over 1,500 tokens.
Atomic Wallet is compatible with Mac, Windows, Android, iOS and Linux systems. The latter includes Linus operating systems such as Fedora, Ubuntu, Debian and other Linux variants. In addition to all these, it is possible to seamlessly synchronize your wallet between your computer and mobile device to keep transactions organized. The same sync features also apply to Exodus Wallets except it’s not available on Linux systems.
Both wallets are in English and give you the private keys encrypted in the 12 seeds that you must copy handwritten and keep safe places to retrieve the wallets if necessary. However, if you tend to use Linux systems, Exodus Wallet may not be the best for you because it is not used on those operating systems.
Security is absolutely necessary because crypto transactions are not reversible. Further, there have been numerous cases of crypto hacks even on major crypto exchanges and you don’t want to become another victim.
An important security point to keep in mind is that when the account is created in Exodus, you click on “Create wallet,” It will direct you to the main menu with the tokens and portfolio. From there, you have to go to settings and copy your seed words (12 seeds) on a piece of paper, in addition to establishing a 6-digit numeric password.
On the other hand, the installation process in Atomic Wallet is different because it first makes you enter an alphanumeric password and automatically shows you the 12 seeds you must copy on a certain piece of paper. Be careful with this because the application shows them directly to you, so if you can disconnect from the internet and make sure you are not recording the screen or taking screenshots of the seeds.
Apart from the network fees, Exodus doesn’t charge fees for receiving or sending cryptocurrencies. Atomic Wallet charges a 2% fee and a minimum of $10 for each operation.
Atomic allows purchases with cards (it charges a fee of 5%, a minimum of $10, and is not valid for Argentina).
Atomic pays 20% per year for staking its AWC token, a very interesting proposal.
Finally, keep in mind that to exchange tokens in Atomic Wallet, it asks for a minimum of 0.0238548 ETH (and its equivalent in other tokens such as BTC and ADA). On the other hand, in Exodus, there is also a minimum that changes according to market fluctuations.
The fundamental difference lies in the type of Bitcoin public address that both wallets generate. When a new wallet is opened in Atomic, it uses public BTC addresses starting with 1; instead, Exodus uses BTC addresses starting at bc1. This is important to clarify:
The legacy addresses of bitcoin begin with 1 or 3, whereas the SegWit (segregated witness) begin with bc1 and are the latest technology.
The first bitcoin wallets were standard addresses (P2PKH: pay 2 public key hash) that started with the number 1, then in 2012, Gavin Andresen proposed the BIP 16 enhancement for the new multi-signature wallets (P2SH: pay 2 script hash) and they are distinguished because it starts with the number 3.
There is a boom in HD (hierarchical deterministic: hierarchical deterministic or SegWit ) wallets, and they have greater security. These usually start with bc1. These wallets are perfect because they generate an initial phrase known as a seed or mnemonic phrase that serves to recover the wallet on any device in case of loss or theft.
It may happen that some exchanges do not accept transfers from a SegWit (bc1) address and only receive funds from addresses 1 or 3.
To set themselves apart, different cryptos will offer some unique extra features. In the case of Exodus, these are the crypto apps such as compound finance and crypto rewards. They help investors earn from the crypto holdings in the wallet, rather than keeping it idle. In other words, it’s like an investment vehicle for investors.
On the other hand, Atomic wallet has ShapeShift, Changelly integration and Atomic Swaps. These features are used to switch between cryptos right from the wallet without having to go through a crypto exchange. Therefore, you can avoid additional transfer fees that would have been charged.
These wallets have many similarities and both have many tokens, including ADA. However, Atomic Wallet offers more functionalities in the mobile version including a membership program, airdrops and token staking that make it ideal for beginners and long-term investors.
That being said, there are additional fees for these perks and it won’t be worth the price if you don’t often use them. Therefore, we would recommend Exodus wallet for active crypto users making frequent transactions on a day-to-day basis.