Where to store your ATOM coins? Let’s overview the best ATOM wallet options: our guide will help you find the safest and most feature-packed Cosmos wallets.
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Cosmos Crypto Explained
Cosmos (ATOM) is a decentralized network that serves to connect all blockchains into a single ecosystem that will allow unrelated chains to exchange tokens or other values without resorting to the services of intermediaries: oracles, exchanges, or smart contracts. Even though it’s still at its development stage, the project managed to get into the Top 20 cryptocurrencies by market capitalization, which indicates its potential and means that it is a great asset to invest in.
Cosmos Network will function as a decentralized exchange platform where BTC and ETH can be swapped for any other cryptocurrency. But the project team believes that the blockchain can be used not only to store the transaction history but also to transfer other values:
- personal and business data of users;
- rights to perform various actions, for example, the right to certify documents, put stamps or enter into a transaction by proxy;
- data related to the registration of legal property.
Cosmos crypto is considered to be a good long-term investment. There are a lot of cryptocurrency exchanges trading it, including:
Before you purchase ATOM cryptocurrency you will need to create a Cosmos (ATOM) wallet. Let’s find out which ones are worth being considered.
5 Best Cosmos (ATOM) Coin Wallets
1.Nano Ledger X
It is a hardware wallet with exceptional security that allows storing 1000+ digital cryptocurrencies even on a malware-contaminated gadget. Ledger Nano X supports Cosmos and is an ideal gadget for you to store your ATOM tokens.
The private keys never leave the gadget, and you can benefit from a range of great security instruments like the PIN code, passphrase, and seed back-up for wallet recovery.
Being the successor of Ledger Nano S, Ledger Nano X is considered a mobile gadget since it uses Bluetooth enabling you to connect it to your iOS and Android devices. Ledger Nano X likewise supports staking of ATOM tokens on the Ledger and provides access to the Cosmos network if you use the Lunie wallet.
2.Lunie
Lunie is the official web wallet created by the Cosmos team. By using Lunie web wallet for Cosmos, one can easily send, receive, and manage ATOM tokens. Besides, it enables you to stake ATOM tokens, vote in the Cosmos network and monitor the system by checking the blockchain movement. When using Lunie, you can either make another Cosmos address or use an already existing one.
Another great advantage of Lunie is that it coordinates with your Ledger Nano X gadget effectively giving you the best of both worlds – hardware wallet security and the simplicity that comes with software usage.
Moreover, you can even stake your ATOM tokens utilizing your Ledger gadget and participate in the governance of Cosmos without risking losing your tokens on a software wallet.
Lunie is the easiest ATOM wallet to operate: you can send, stake, and vote on the Cosmos Hub without problems.
3.Lunagram
Lunagram is one of the newest Cosmos ATOM wallets as it was introduced in May 2019. It is Android-based. The app has already received positive reviews and has a 4.5-star rating. Lunagram was created by a Korean group of designers at Lunamint. You can find Lunagram in Telegram messenger and use the wallet without the original app. It is secured via the biometric anti-screen capture feature.
4.Cosmostation
Cosmotation is a decentralized wallet for Cosmos (ATOM) that’s available as both an iOS and Android app. This is a user-friendly web-wallet where the secret word and private keys are owned and stored by end-users only.
The password is highly important as it keeps everything encoded in the client’s cell-phone or the gadget itself. It is only in the event that someone gets this secret key and physical access to your gadget that they will be able to steal your Cosmos (ATOM).
Cosmostation wallet can be utilized for designation, staking, and claiming rewards on the Cosmos network.
Finally, if you don’t want to use a mobile or web wallet, you can instead use Ledger Nano X hardware wallet together with Cosmostation wallet for staking, managing, and voting on the Cosmos network.
5.Trust Wallet
Trust Wallet is a secure, decentralized and anonymous application that supports Cosmos coin and over 20,000 different ERC-20, ERC-223 and ERC-721 standard tokens. In Trust you can also work with cryptocurrencies of other well-known blockchains such as Bitcoin, Litecoin, DASH, Tron and others. The program was launched in November 2017 and has become popular among users due to its extensive functionality and multi-currency support.
Trust Wallet is available as an application in AppStore and Google Play (with an average rating of 4.7) and allows you to store and transfer cryptocurrency from your smartphone. The wallet was acquired by Binance in July 2018 and is now the official application for working with thousands of different assets.
You can connect it to your Cosmos ATOM wallet Ledger and stay assured that none of your private keys will be accessible to third parties.
Bottom Line
If you are searching for a reliable and easy-to-navigate Cosmos ATOM coin wallet, take the following aspects into account:
- Security measures. Make sure that the passwords and seed phrases are not stored on third-party servers and can only be accessed by the wallet user (you’ll have to save and write those down).
- Features. Official Cosmos wallets allow not only storing ATOM coins, but also participating in Cosmos network administration.
- Check the rating and the reviews of a Cosmos ATOM wallet, as that will help you understand whether there are any flaws and disadvantages.
- Need a solution for cold storage? Opt for hardware wallets, for example, Nano Ledger.
