How to buy Bitcoin on Atomic Wallet? This guide, explains the two methods that allow you to purchase BTC with the Atomic Wallet App.
The Atomic wallet is a significant factor in the decentralized crypto ecosystem. Moreover, where any blockchain network is designed to handle transactions in a decentralized way, Atomic Wallet is a place to store your tokens.
With this in mind, the Atomic wallet is one of the many wallets available to organize your assets in a truly decentralized manner.
To achieve this, the Atomic Wallet App is one of the best tools to manage crypto assets over several blockchain networks. Besides just holding crypto like Bitcoin(BTC), Ethereum(LTC), or Solana(SOL), it’s also possible to trade them in the app.
Keep on reading this article to learn how to purchase Bitcoin:
- How to buy Bitcoin on Atomic Wallet;
- Step-by-step guidance to correctly deposit funds into your Atomic wallet address;
- Use the built-in exchange feature on the desktop version;
Adding Funds To The Atomic App
Acquiring a new digital wallet to store your crypto assets can be daunting given the myriad options available.
However, Atomic Wallet is a highly secure wallet, making it an excellent choice for storing digital currencies.
So if you want to start using this wallet, it’s not weird that you want to send currency here.
After all, having a wallet that guarantees the safety of each transaction and token is crucial for a positive cryptocurrency experience.
|🔔Pro tip – Besides adding funds or cryptos to the Atomic wallet, it’s also possible to earn a passive income by staking cryptos. Just tap ‘Staking‘ below in the navigation bar to show any cryptos for staking.|
How To Buy Bitcoin on Atomic Wallet
Before starting this process, I’ll assume that you have set up and downloaded the Atomic Wallet on your mobile device. Moreover, if you want to use the built-in exchange feature I strongly recommend downloading the PC version.
Additionally, there are two ways to purchase Bitcoin on Atomic Wallet:
- Start a buying transaction inside the App
- Deposit crypto and swap it for Bitcoin
Don’t worry – I’ll show you how to efficiently perform both processes.
Method 1: Buy Bitcoin on the Atomic Wallet App
First of all, it’s important to mention that Atomic does not sell any kind of crypto token. In fact, Atomic Wallet is like any crypto wallet an interface, that showcases balances of crypto coins on the blockchain addresses. Meaning, if you want to fund your wallet with fiat currency then you will need a third party that will buy these for you.
The third party available in the Atomic wallet is the Simplex provider. Simplex is a fully licensed and regulated electronic institution in the EU. With Simplex it’s possible to buy more than 250 different cryptocurrencies with fiat money like USD, EUR, or GPB.
Finally, before you start the buying process, it is good to know that Simplex charges you an additional fee(about 5%) for every buy transaction you make.
Steps to Buy Bitcoin with Money on Atomic Wallet
Below are the steps you have to make to use a third-party provider for doing a crypto purchase from within the Atomic Wallet App. In this example, I’ll keep it simple and show you how to buy Bitcoin(BTC) with a credit card.
- In the Wallet App click on BUY(below)
- A ‘Buy crypto‘ screen appears
- Give the amount in $ you want to buy and click Continue
- Choose Credit/Debit card as the payment method
- From here you will be redirected to a third-party provider to finish the purchase
Remember that I used Bitcoin(BTC) as an example to buy with dollars. Of course, you can buy any cryptocurrency here that is supported by the Simplex provider.
All in all, a very smooth and fast exercise that allows you to own cryptocurrency within a few minutes!
|🔔Pro tip – It’s also possible to add new tokens(ERC20) to the Atomic Wallet. Click on ‘More‘ and then choose ‘Add token‘. However, only Ethereum-compatible tokens are allowed!|
Method 2: Receive Coins From an External Crypto Wallet
First of all, you are going to use the built-in exchange feature of Atomic Wallet which currently only is available for the desktop version of Atomic Wallet(download here).
Additionally, this other method requires you to receive coins from another exchange or external wallet.
Also, the deposit must take place from an external platform directly to your Atomic Wallet address.
Make sure that you are logged in to your account. Next, click or tap on the crypto coin you want to add(In this example I’ll use BNB coin)
A new screen appears with two buttons: Receive and Send
Step 2: Select the coin you want to receive
At this point, you press the Receive button of the cryptocurrency you want to add to the Atomic Wallet.
Step 3: Copy the wallet address to your device memory
Next, you will see a large QR code, and below the account and wallet address you need to receive coins here. Now, you have to copy the BNB wallet address to your device memory.
Warning: For sending and receiving cryptos in your Atomic Wallet it’s very important to make sure you have picked the right wallet address. Moreover, sending coins to the wrong wallet address or network will lead you to lose funds and unfortunately, you can’t get these back.
Therefore, always double-check before going to the next step.
Step 4: Give this wallet address to the sender or use it at an external exchange
The last step is to hand over the wallet address to the sender.
At these exchanges, you need to start a withdrawal process where you need to paste(from memory)
the address in the coins field and send the tokens.
Next, you should receive them in Atomic Wallet soon enough, depending on the network.
And that’s all – your Atomic Wallet is now funded.
It’s now possible to safely store, send, or swap tokens by using the Atomic Wallet App.
Step5: Swap BNB for BTC on Atomic Wallet
Finally, with the brand new BNB coins in your wallet, you can now initiate a cross-chain swap to buy Bitcoin.
After you have clicked the blue Exchange button the swap will be initiated where you only need to insert your public BTC address from Atomic Wallet.
At this point, you should receive your brand new Bitcoin in the BTC address submitted.
Overall buying Bitcoin with Atomic Wallet is an easy exercise. Also, I like that Atomic Wallet supports thousands of cryptocurrencies and allows users to add custom tokens. Furthermore, there are no fees to store, receive, or stake cryptocurrencies.
While its token-swapping feature is convenient, Atomic Wallet charges 0.5% above the market spread it gets from ChangeNOW. Moreover, fiat purchases are pricey at 2% or $10 – whichever is higher. This is in addition to the fees charged by the payment processor – Simplex.
FAQ – Buy Bitcoin on Atomic Wallet
Can I Use a Credit Card on Atomic Wallet?
Yes, it’s possible to use a credit card for crypto purchases with Atomic Wallet. Atomic Wallet uses Simplex as a third-party provider to allow crypto purchases with credit and debit cards. If you have a VISA or Mastercard you can buy at Atomic Wallet.
What payment methods Can you use on Atomic Wallet?
In short, there are three options. The first is to buy crypto at an external exchange like Binance or Coinbase and deposit to Atomic afterward. Secondly, you can use a VISA credit or debit card and do crypto purchases from within the App straight away. The last option is bank deposits, however, it strongly depends on where you live in the world. For example, if you are from Brazil you can use PIX to buy crypto.
Does Atomic Wallet accept PayPal?
At the time of writing you can’t use PayPal to fund your Atomic Wallet. The only option with a PayPal account is to sign up to Coinbase and buy crypto using PayPal. Additionally, you must live in the US to be able to use this option on Coinbase.
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