Cryptonator Cryptocurrency Wallet

Anisa Batabyal
| 24 March, 2020 | 2 min

Cryptonator is an online cryptocurrency wallet, launched in 2014, which helps in the management of various digital currencies in one personal account. It is an all-in-one online wallet that supports multiple cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), Dogecoin (DOGE), and more. Being Hong Kong, China-based it allows instant exchange and enables direct transactions. 


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The exchange offers a vast platform for its clients, without any regional restrictions. They also provide exchange tools apart from wallet services. Cryptonator offers only two platforms that can be used, one being an Android app and a web-browsing platform. 

Founded by Andy and Brian Chen, a Cryptonator wallet is a service that combines cryptocurrency exchange services and digital wallet functionally. Brian Chen is the present CEO and has been in existence since 2014. It offers services in five languages, which include English, Spanish, French, German, and Russian. Cryptonator wallet can be used in any of the platforms like Chrome, Firefox, Android, iOS, Windows, etc. 

Table of Contents

The Cryptonator wallet fees vary according to the cryptocurrencies that the wallet supports. A few of these are:

Cryptocurrency                                         Fees

Bitcoin                                               0.00010000 BTC

Litecoin                                             0.00100000 LTC

Monero                                             0.00100000 XMR

Dogecoin                                          1.00000000 DOGE

One of the disadvantages of this wallet is that it does not offer support for credit card payments. It is possible to deposit funds into a wallet via bank wire transfer. The good bit about this is that it is easy to handle and use and provides multiple cryptos at the loss of handing control over one's funds to another party. 

Cryptonator currency exchange can be done once you have created an account. All you need to do is add cryptocurrencies to your wallet in order to start the transaction. As such, your fiat money can be exchanged directly for a wide range of cryptocurrencies on the wallet. 

For the past years, humans have used commodities. Cryptonator currencies are a more recent development. Cryptocurrency is neither fiat money nor a commodity one. It is an experimental, new kind of money.

Cryptocurrencies are a new concept in the global economy. It is a specific type of virtual currency based on principles of electronic communication and cryptography. 

One of the key concerns connected with the cryptocurrency wallet is its safety. Cryptonator is no exception. However, significant measures have been taken by the team behind the wallet to enhance Cryptonator safety. With high-level security, privacy and anonymity, Cryptonator app offer multi-cryptocurrency accounts that are easily accessible 24/7 on your laptop, PC, or devices like the mobile, web-based cryptocurrency exchange calculator and conversion tool that allows users to convert almost every cryptocurrency into another

 Is Cryptonator Safe?

Some of the security features that the wallet offers are:

#1 Control Of The Private Keys

This feature allows you the complete control of your private keys from the onset. Thus, the coins are not vulnerable to theft. This gives power and surety in the user's hand, and the holders can take measures to keep their funds safely.

#2 2FA – Two Factor Authentication

One of the best ways to ensure the safety of anyone’s account is 2FA. In the case of Google apps, it basically involves the generation of a 6- digit code. The code changes in every minute, with every attempt to log in and is unique to the individual users.

Pros and Cons of Cryptonator

Pros

  • Cryptocurrency users find this wallet convenient during the registration process as it only requires one's email address, and there are no further identification verification processes.
  • Supports multiple fiat currencies.
  • It is an all-in-one wallet, and as a hot wallet, it is easily accessible as it requires only an internet connection.
  • The wallet platform claims to implement all possible measures to secure funds.

Cons:

  • Exchange fees are considerably high.
  • The wallet poses a risk as it is unregulated.
  • Being a hot wallet, it is at risk of hacking attacks and phishing.
  • Only a limited range of Cryptocurrencies can be supported.

The latest version of Cryptonator Apk is 2.0.5, with a size of 4.5 M. It can be downloaded and installed on devices supporting Android 18 and above. It also includes a Cryptonator calculator and a Cryptonator for windows OS as well as for Cryptonator web for your convenience

Taking every aspect into account, the Cryptonator exchange serves several benefits when it comes to wallet services. It is really going great by being both “an exchange” and the “web wallet”. It aims at protecting your balance from hackers and proposes good security functions. The issues emerge with its reputation, as many people and traders have criticized its customer service and exchange rates, however, if you are looking for a good, reliable wallet, the Cryptonator is one of the right choices for you.

About CoinSwitch

CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!