Review on Cryptonator by Hakan Altan
About Cryptonator
Cryptonator is a web-based wallet that allows you to store and exchange a wide variety of cryptocurrencies. Your private keys are stored by Cryptonator, which means you give up control of them.
It supports more than 20 cryptocurrencies. The wallet can also hold a number of fiat currencies, which is an unusual feature among web wallets. It is supported in web browsers, IoS and Android. The wallet lacks some of the features that competitors have, such as multi-signature technology and hierarchical determinant implementation. The exchange between cryptocurrencies is a powerful feature Cryptonator has. This makes it easy for users to switch between cryptocurrencies and saves them the need to go to an exchange and complete multiple transactions inside and outside of their wallets.
Users can enable two-factor authentication on their account to add an extra layer of security. Security is promoted as one of the key important features for Cryptonator, with alleged bank-level security. An encrypted SSL connection over HTTPS is also used.
The wallet is mostly free to use, but some small fees will be charged for sending transactions.
Pros
- Ease of Use
- Cryptocurrencies exchange
Cons
- Closed source code
