Atomic Wallet app

How to trade on a DEX using Atomic wallet app? [Updated 2022]

Atomic Wallet is a fast, secure, and easy-to-use cryptocurrency wallet that allows you to carry out your transactions without leaving the interface.

It is a non-custodial wallet, meaning that you have full control over your backup phrase and private keys, thus, you fully control your funds.

You can use it to store, send, stake and receive Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and other coins. It supports multiple fiat currencies, such as USD, EUR, and GBP to buy cryptocurrencies using its interface.

In addition, it offers a secure mobile wallet and desktop wallet. In this article, we will discuss how to connect the Atomic Wallet app to a Decentralized Exchange using the wallet connect. 

We will first know more about wallet connect and also try to understand how safe it is. 

What is Wallet Connect?

It is an open-source protocol to connect to any DEX and dapps just by scanning the QR code or by deep linking. It also supports multiple blockchains some of which are Ethereum, Binance Smart Chain, Polkadot and Solana.  You can find more about it here.

How to connect to a DEX using the Atomic wallet app?

Atomic Wallet Wallet Connect

  1. Open Atomic wallet and then log in to it by entering your password.
  2. Click on the gear icon which you will see at the top right-hand side of your wallet dashboard.
  3. Under Wallet and Security, you will find Wallet Connect.
  4.  Tap on it and grant those permission to scan the QR code of a DEX.
  5. After you have scanned the QR code you will get a popup message asking you to either approve or decline the connect.
  6. When you approve the connection you will see the wallet balance reflecting on DEX.

Atomic Wallet notification

At the moment Atomic Wallet does not support Binance Smart Chain. Therefore you won’t be able to directly connect the app using the Wallet Connect to pancakeswap. I tried connecting the wallet but I constantly got a message stating You’re connected to the wrong network.

How to trade on a DEX using Atomic Wallet app?

Trading on a DEX nowadays is quite easy. After the wallet is connected to the DEX app all transactions will directly happen through the wallet itself. As an example, we used the Uniswap DEX.

We wanted to use the mobile version of uniswap app but it did not go as we planned. After launching the app we clicked on connect wallet and a screen popped up, we selected WalletConnect and we saw another popup asking us to tap on the blue connect button.

Atomic Wallet uniswap mobile

As soon as we tap on connect it took us to a new screen which was of Trust Wallet. We then realize that we have to use the desktop version of uniswap app as the Atomic wallet app is not supported.

Therefore in order to use Atomic Wallet app on an Ethereum blockchain DEX, you have to either use a desktop or download the  Metamask app onto your mobile and then import Atomic Wallet private keys to Metamask. You can find out how to do that in this article published in their support.

The Atomic Wallet team needs to work on this issue as more and more users prefer using mobile than desktop for trading. They should also work on a dApp browser that could be integrated within the wallet for easy access to DEX.

In the end:

We would not recommend anyone to download this app as it cannot work independently to connect to any dApps. This is a major setback for someone who wants to use a mobile app to do day to day transactions.

We also would not recommend anyone use the Atomic wallet desktop version as the source code is not open and the fees are considerably high.

One of the main aspects of decentralization is open-source software, non-custodial does not give an edge over closed source software the reason behind they still can install some kind of malware in the next update.

To trust a crypto wallet you need to understand that it has to be open source so other developers can investigate the source code. Almost all multi-cryptocurrency wallets are closed source.

Therefore you need to use wallets that are recommended by every blockchain or use a native blockchain wallet. We hope you like this article and If you have any questions then do leave your comment.

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