Review on Cryptonator by Killer Bean
Cryptonator- a wallet that needs improvement
Cryptonator is an online cryptocurrency wallet that is used to store cryptocurrencies like bitcoin, litecoin etc. It coems in the world most popular languages ( I remember English, French, Russian and a few others). It is a web based wallet hence it can be used online and is susceptible to security breaches and manipulation. I got to know about the wallet from a fellow trader, but after using this wallet for barely two weeks, I wouldn't recommend it for any trader like myself. After I opened my wallet/account I proceeded to depositing and I found out that credit card which is the most flexible form of payment was not supported. Cryptonator even charges a high transaction fee and is not suitable for anyone that trades in a low volume. The number of coins supported on this platform is not even encouraging as it supports just a few major coins. I actually don't find it as a suitable wallet for any trader apart from the fact that it assures users of their anonymity. I had a case of pending transactions twice during the spence of time that I used the wallet. It is not 100% secure since it is a hot software wallet. It appears to be a good wallet but not the best, but i believe that possible improvement can make Cryptonator a better wallet.
Pros
- It guarantees users anonymity
Cons
- It is a hot wallet which makes it prone to hacking
- It doesn't support credit cards
- It charges a very high fee
- It supports a limited number of coins
- It is complicated and requires great understanding before one can use it to maximum satisfaction
