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Review on Cryptonator by Bünyamin Sevinç

Cryptonator

In my post today, I will talk about another crypto wallet, Cryptonator.

This wallet is the kind of wallet that combines digital wallet functionality and cryptocurrency exchange services.

It provides support in 5 languages.

It supports a number of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE).

Additionally, it supports a number of fiat currencies such as the United Dollar (USD), Euro (EUR), Russian Ruble (RUB) and Ukrainian Hryvnia (UAH).

While it is possible to deposit money into the wallet via wire transfer, unfortunately it does not offer support for credit card payments.

It also generates a new secret key for your account in case you lose your wallet device or damage your device.

The Cryptonator wallet uses two-factor authentication to secure users' funds.

In addition, this wallet provides convenience during the registration process for cryptocurrency users who value anonymity. It only requires one email address and users do not need to authenticate.

As I mentioned above, this wallet can support exchange services. It offers the option of instant automatic clearing without the use of buy and sell orders.

However, exchange fees are relatively high. And in addition, Cryptonator does not offer leveraged trading

All in all, I can say it's a good wallet with reasonable security measures to protect client assets. I see it as a worthwhile wallet, although it has a few drawbacks.

Thank you to everyone who reads and those who do not.

Pros & cons

  • A wallet with both wallet and exchange services functionality
  • Multiple language support
  • Deposit by bank transfer
  • Supports a range of crypto and fiat currencies
  • 2FA security and private key security
  • Supports anonymity
  • High exchange fee
  • Does not support credit card deposits
  • No leveraged trade