can atomic wallet verify crypto

Atomic Wallet partners with Coinfirm to verify select crypto assets, enhancing security, compliance, and trust through their rigorous authentication process.

Oct 31, 2024 at 10:47 pm

Can Atomic Wallet Verify Crypto?

Yes, Atomic Wallet offers cryptocurrency verification for certain assets. Here's how it works:

Supported Assets: Atomic Wallet supports verification for several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Ripple (XRP), and other ERC-20 and BEP-20 tokens.
Verification Process: To verify your crypto assets, follow these steps:
- Open the Atomic Wallet app and navigate to the "Assets" tab.
- Find the asset you want to verify and click on it.
- Scroll down and select "Verify."
- Enter the amount you want to verify and click "Continue."
Third-Party Verification: Atomic Wallet partners with Coinfirm, a blockchain analytics and compliance provider, to perform the verification process. Coinfirm vets the authenticity and legitimacy of your crypto assets.
Verification Results: Once the verification process is complete, the results will be displayed in the Atomic Wallet app within 72 hours. Verified assets will have a green "Verified" badge next to them.

Benefits of Crypto Verification:

Enhanced Security: Verified crypto assets are more secure as they have been checked for potential fraud, theft, or other malicious activities.
Compliance and Regulations: Some cryptocurrency exchanges and institutions require users to verify their assets before making transactions.
Increased Trust: Verifying your crypto assets can increase the trust and credibility of your transactions with others.

Limitations:

Not all assets supported by Atomic Wallet can be verified.
The verification process can take up to 72 hours or more, depending on the asset and volume of transactions.
Atomic Wallet charges a small fee for cryptocurrency verification.

Conclusion:

Atomic Wallet offers cryptocurrency verification for select assets, providing increased security, compliance, and trust for its users. By utilizing a third-party verification partner, Atomic Wallet ensures the authenticity and legitimacy of your crypto holdings.

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