Review on Cryptonator by Stephen Toluwani
The wallet features a Utility section from which users could even Arbitrage
The Cryptonator wallet is an old time player in the Crypto industry providing novel wallet services that basks beyond sending and receiving transactions to as far as providing a utility section from which users can make use of. Into my experience with this wallet, it first appeared centralized to me but after noticing that I could back up my private key, I debunked my first theory. To get a wallet with Cryptonator, I had to sign up with my mailing address which I didn't really appreciate as I prefer privacy from even organizations that claims to be Decentralized. The features dedicated to the wallet for both security, utility and privacy cannot be overemphasized. The feature comes very rich and I really appreciated
Speaking of its features, the security implemented for the wallet goes as far as using 2FA among others. In it's privacy, I could make deposit to a generated wallet address and then delete so as to create another. Its feature is almost likened to what is offered on HD wallets. Then it's Utility features covers a converter which I used in checking the value of some cryptocurrencies in my local currency NGN. Its portfolio tracker wasn't something that really tracked ones portfolio as the values given were only subjected to the ones imputed by me to test it out. The portfolio tracker should be revamped to cater for tracking addresses outside its vicinity. My most preferable feature though lied in it's Rates section. From the utility base of the rate section, I was able to discover some Arbitraging opportunities as it shows the rates for different exchanges along with their volume.
The features which I enjoyed from the wallet in a fraction beat out it's disadvantages but being able to support just 9 cryptocurrencies and no support for Ethereum tokens which I use most of the time made Cryptonator not really my thing for a wallet. Its features though has made me keep the wallet and am sure many others will come to appreciate and make use of it.
Pros
- The wallet is supported as an app and also supports a web based version therefore increasing it's versatility
- Users can generate new wallets to protect their financial details
- High domestic security feature using Pin, fingerprint scanning and 2FA
- Has a utility section where users can lookup conversion rates even to local currencies
Cons
- The number of coins that is supported on the wallet is just a sheet number of 9 and no support for ERC compliant tokens
- Requires personal details like email to sign up
- Importing a wallet is made impossible on the Cryptonator wallet. Every wallet are created newly.
