Investors and users need trustworthy wallets to keep their $ATOM tokens. That need grows in tandem with the Cosmos Network’s rising profile.
This article reflects on the best three ATOM wallets in the market and the distinctive qualities that set each one apart.
But What Is $ATOM?
$ATOM is the native coin in the Cosmos Network, a decentralized ecosystem of independent parallel blockchains linked by the revolutionary IBC (Inter-Blockchain Communication) protocol.
Cosmos makes blockchain development easier and eliminates interoperability concerns while allowing smooth transactions. Its goal is to connect decentralized blockchains to interact with one another. Cosmos enables blockchains to remain independent while improving network communication and transaction processing, resulting in various applications.
Now, let’s meet the best three $ATOM wallets:
- Keplr wallet
- Cosmostation
- Ledger wallet
Keplr is a blockchain wallet that facilitates Cosmos-based web apps and the staking of Cosmos assets.
Keplr’s ability to keep private keys locally, away from insecure and difficult-to-manage web servers, is a major plus for many users. Since a malicious website cannot access the user’s secret keys, this alleviates any security concerns. Simply, users can rely on Keplr’s security guarantees to verify the contents of transactions across multiple web applications.
Keplr also simplifies linking websites to blockchains by connecting with tools like CosmJS.
Some of the native chains Keplr supports include Osmosis, Secret, and Kava.
2. Cosmostation
Cosmostation is a non-custodial, multi-chain, multi-device (web/mobile/extension) wallet. However, the most attractive option is its support of mobile devices. Although Keplr Wallet supports both Android and iOS, it has limitations in the number of accounts and UI. Thus, Comsostation has become the go-to Cosmos wallet for mobile devices.
Staking, support for multiple coins, and Ledger integration are just a few of its advanced features.
Cosmostation is also a well-known validator node provider on over 40 networks connected to the Inter-Blockchain Communication (IBC) Protocol and other partner bridges such as Gravity Bridge Chain, Axelar, and Nomad.
Cosmostation also provides an integrated interchain experience through the creation and upkeep of mintscan.io, an inter-chain explorer that assists users and developers in navigating networks and smart contracts. It’s worth noting that, as a non-custodial wallet, Cosmostation leaves its customers in charge of their funds and security.
You can find more about the Cosmostation wallet here.
Ledger is the leading hardware wallet that stores private keys offline. It offers additional security, simplicity of use, and transparency.
Ledger wallets comprise a three-part system – a hardware gadget, Ledger Live, and integrated dApps.
Hardware gadget: The device is used to sign transactions and keep private keys. It is made tamper-proof and guards your keys against physical and remote attacks.
Ledger Live: The Ledger Live app is software that lets you use the Ledger device to handle your cryptocurrencies and tokens. You can see your portfolio, send, receive, and manage crypto.
Integrated dApps: dApps offer functions and services like crypto swaps, NFT purchases, and decentralized finance (DeFi) networks.
The Ledger Nano X and the Ledger Nano S Plus are the most popular Ledger devices. While the models differ, you can expect the same reliable protection and user-friendliness.
Ledger natively supports Cosmos $ATOM and other IBC protocols through its Cosmos app. You can install the Cosmos app through Ledger Live.
How to Install the Cosmos App?
Go to My Ledger.
Search for Cosmos in the app catalog.
Install Cosmos app.
Head to Accounts.
Click on Add Account and select Cosmos.
Now you can send, receive, and manage your $ATOM within the Ledger Live application. You can also view your latest transactions.
Conclusion
As the Cosmos Network and its native cryptocurrency, $ATOM, continue to grow in popularity, there is a corresponding rise in demand for reliable wallets to store $ATOM. The top three $ATOM wallets (Keplr wallet, Cosmostation, and Ledger wallet) offer unique features that can be customized to meet the specific needs of individual users.
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