Exodus and Atomic are two of the leading crypto hot wallets. They are quite similar but also have their differences.
These differences influence the user’s choice of which wallet to use, depending on factors such as ease of use, fees, and security.
Based on this, the following are six reasons why Exodus wallet is better than Atomic wallet.
What Is Exodus Wallet?
Exodus is a Web3 crypto wallet. It supports Bitcoin, many altcoins, plus non-fungible tokens (NFTs). In all, the wallet supports over 240 cryptocurrencies, including top altcoins like Ethereum, XRP, BNB, Solana, Cardano, and others.
The wallet has a browser, desktop, and mobile version, making it easy for anyone to use with any device. It also supports the Trezor hardware wallet, allowing users to access it from any of the Exodus versions they have.
Users can earn interest on their crypto holdings by simply staking and earning unlimited rewards on their crypto holdings.
You can buy over 25 cryptocurrencies on the mobile and desktop app and use your credit or debit card to buy crypto using your local fiat currency.
What’s more? You can swap, send and receive all supported cryptocurrencies on different chains, all within the Exodus platform.
What Is Atomic wallet?
Atomic Wallet is a multi-asset crypto wallet that supports over 300 cryptocurrencies, including Bitcoin, Ethereum, Solana, Litecoin, and many other top cryptocurrencies. You can buy, stake, and swap cryptocurrencies easily and anonymously.
Like Exodus, you can access Atomic wallet on the web, desktop, and mobile devices. In addition, you can swap cryptocurrencies with over 60 pairs using the crypto swap feature.
Atomic wallet also has a feature that lets you buy cryptocurrencies using debit or credit cards.
They sound similar, so how is Exodus better than Atomic wallet?
1. Exodus Charges Lower Fees
Network fees apply for every crypto transaction. Apart from that, some wallets also charge transaction fees. Atomic wallet is one of them.
It charges fees for buying cryptocurrencies using fiat currencies such as USD, EUR, and GBP. Generally, it charges a 2% fee on such purchases or a minimum of $10 per operation. A 0.5% fee also applies on all swaps between assets.
Exodus, however, doesn’t charge any extra fees other than the network fees, 100% of which goes to the network. This means you can use Exodus for free, but you must pay fees to use Atomic wallet.
Exodus facilitates the buying of crypto through Ramp Network, and the fee to buy Bitcoin can be as low as under $5 apart from Bitcoin transaction fees. Atomic charges at least $10 for the same purchase, which makes the fees much higher than those of Exodus wallet.
2. Exodus Uses Bech32 BTC Addresses
Bitcoin has different address formats, and the one you use can affect the transaction fees and speed.
The most advanced of these formats is the Bech32 address, which starts with “bc1”. Exodus has integrated this address format, while Atomic wallet still uses the old format that starts with “1”.
Exodus transactions are faster and cheaper because the transaction size is usually smaller due to the Segregated Witness feature. This makes Exodus a better wallet than Atomic for lower network fees and speed.
3. Security
Both Exodus and Atomic use the 12-word recovery keyphrase as a backup in case you lose your device or cannot access your wallet for any reason.
They also use a password to secure the wallet, so only you can access it with your set password.
Both wallets also respect users’ privacy, so no personal information is required to sign up. Only a password is required from the start, and you can save your recovery keyphrase.
However, Exodus adds an extra layer of security by including an Auto-Lock feature. This feature automatically locks the wallet after a set period of inactivity.
You can set this from five minutes to two hours if you wish to secure your wallet further.
This makes Exodus more secure than Atomic, as unauthorized access to a wallet can lead to the loss of assets.
4. Customizable UI
Exodus wallet has a setting that allows you to personalize the wallet’s features to your taste, giving you an attractive user interface (UI). The features include advanced wallet mode, auto-update, and colors. Other features are texture, skins, and sounds.
But the most interesting customizable feature is probably the local currencies feature. Although the default fiat currency for the wallet is USD, you can change this to your favorite fiat currency, and there are dozens of options to choose from.
Atomic has a similar feature, but Exodus supports many more fiat currencies, including those of “third-world” countries.
This gives users more flexibility in using the wallet, and they can customize things such as the display color and other details, so they have a wallet they can look forward to using.
5. Support for Hardware Wallet
Crypto assets are at risk when stored in hot wallets because they are less secure than a cold wallet. Some hot wallets integrate hardware wallets to allow users to access their cold storage assets without leaving the app.
Exodus has this feature, another remarkable feature that sets it apart from Atomic wallet.
Exodus’ support for the Trezor hardware wallet allows you to easily connect your hardware wallet and access your crypto portfolio on the web, desktop, or mobile device.
This is an important feature missing on Atomic, which limits its use to the hot wallet component, making Exodus a better wallet in helping users access their portfolio on cold storage.
6. Beginner-Friendly UI
On signing in to Atomic, the user is greeted with a long list of all the assets the wallet supports. The list appears whether the user has bought the cryptocurrencies or not, and it can be overwhelming for a user accessing a crypto wallet for the first time.
Instead, Exodus has this clean UI that shows the user’s portfolio in a pie chart at the top, while the list of supported assets is only seen when they scroll down to see them. This makes Exodus easier to use, with a much cleaner UI.
Exodus Wallet Beats Atomic Wallet, Hands Down
Exodus wallet looks a lot like Atomic wallet at face value, but these tiny details set it apart and make it a better wallet for beginners and more experienced crypto users. In addition to the same features as Atomic, you can enjoy these extra features and even more.