Review on Cryptonator by Temitope Babatunde
One Of The Wallet With Inbuilt Exchange
Andy and Brian Chen established this wallet in 2014 in Hong Kong, Brian is the present CEO. It has many languages like English, French, German, Russia and Spanish. It also has support for many cryptocurrencies.
Cryptonator goes beyond being an ordinary wallet, it has a great features that makes it a choice of people that are using cryptos from day to day. It has an inbuilt cryptocurrencies exchange with support for fiat currencies like USD, EUR, UAH, and RUB. Though it doesn't support credit card but user can deposit fund through wire transfer though with some fees.
No much hussle before one can set it up, just your e mail and no KYC is required. It must also be noted that the wallet is not in anyway regulated and it is non hierachical deterministic wallet. When using the wallet the fees are higher. And there are lot of complaints regarding its customer care service.
In all though cryptonator wallet has never being hacked but it is not regulated and it is a software wallet which must be use with caution.
Pros
- A multi language wallet
- It support many cryptocurrencies
- It has support for some fiat currencies through wire transfer
- The private keys is not store in the company's server but on the device of the user which give it a measure of security.
- There is 2Factors authentication
- No KYC before you can use it
Cons
- To use the inbuilt exchange, the fee is relatively high when compared it to what is obtainable in the market.
- It is hot wallet, which means the users fund are always online which makes it open to hackers.
- Doesn't allow user to import existing wallet.
