can atomic wallet encrypt crypto

Atomic Wallet utilizes the AES-256 encryption algorithm to secure all sensitive data, including private keys, seed phrases, and transaction details, safeguarding users' crypto funds.

Oct 31, 2024 at 11:09 pm

Can Atomic Wallet Encrypt Crypto?

1. What is Atomic Wallet?

Atomic Wallet is a non-custodial cryptocurrency wallet that supports over 500 cryptocurrencies. It provides users with the ability to store, manage, send, and receive their crypto assets securely.

2. Encryption in Atomic Wallet

Atomic Wallet employs robust encryption measures to protect users' crypto funds. It uses the industry-standard AES-256 encryption algorithm to encrypt all sensitive data, including private keys, seed phrases, and transaction details.

3. Password Encryption

When creating an Atomic Wallet account, users set a strong password to encrypt their wallet. This password is used to unlock the wallet and access the user's funds. The password is encrypted using a one-way hash function, ensuring that it cannot be reverse-engineered.

4. Seed Phrase Encryption

In addition to the password, Atomic Wallet generates a 12-word seed phrase during account creation. This seed phrase acts as a backup for the wallet and can be used to recover it if the password is forgotten or lost. The seed phrase is also encrypted using AES-256 encryption.

5. Two-Factor Authentication

For enhanced security, Atomic Wallet offers two-factor authentication (2FA). This feature requires users to provide an additional code generated by an authenticator app or sent via SMS to confirm login attempts and transactions.

6. Biometric Authentication

Atomic Wallet integrates with biometric authentication systems on iOS and Android devices. This allows users to unlock their wallets and confirm transactions using a fingerprint or facial recognition, further enhancing security.

7. Secure Server Infrastructure

Atomic Wallet operates on a decentralized server infrastructure, which means that user data and funds are not stored on a centralized server controlled by the company. This reduces the risk of hacking and data breaches.

8. Conclusion

Yes, Atomic Wallet can encrypt crypto using a combination of industry-standard encryption algorithms, a strong password, a seed phrase, and optional two-factor and biometric authentication. These measures collectively provide multiple layers of security to protect users' crypto assets from unauthorized access and theft.