Cryptonator Wallet Review

Published by

Sohrab Khawas

January 20, 2020

Overview

Name	Cryptonator Wallet
Released	Jan 14, 2014
Wallet type	Multi-currency, Web-based, hot wallet
Platforms supported	Android, iOS, Chrome, Firefox and Windows
Price	11827.29 USD
Cryptocurrencies supported	BitCoin(BTC), Dashcoin(DSH),Dogecoin (DOGE), Emercoin(EMC), and more
Mobile support	Yes

One of the most crucial factors for any of the cryptocurrency users are choosing the right and a suitable wallet. This is very important as the wallets store the funds of the users and the security of their funds is completely dependent on the wallet.

Among them, Cryptonator is one such wallet which is among the top in the market with great quality features. It is a multi-coin wallet that has been operating since 2014.

In this article, we will give you a detailed guide to the Cryptonator Wallet and its overall aspects. Let us look into this Cryptonator Wallet review in detail now.

What is Cryptonator?

Cryptonator is a multi-currency digital assets wallet. The wallet was founded by Andy and Brian Chan. Its headquarters is located in Hong Kong. Currently, the CEO of the company is Brian Chan. The wallet claims to have at least 1 million active accounts and has allegedly processed over 80 million transactions to date.

Cryptonator is an online cryptocurrency wallet that was launched in 2014. It helps in the management of various digital currencies in one personal account. It is an all-in-one online wallet that supports multiple cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), Dogecoin (DOGE), and more.

The Cryptonator wallet offers services in five languages which include English, French, Spanish, German, and Russian.

Cryptonator Features

Multi-currency: One of the best things about Cryptonator is that it supports a good number of fiat currencies including Euro (EUR), United States Dollar (USD), Russian Ruble (RUB), and Ukrainian Hryvnia (UAH).
OS compatibility: Cryptonator is compatible with several operating systems, including Windows, Android, iOS, OSX, Chrome, Firefox, and OSX.
Multi-languages: Cryptonator supports five languages. They include French, German, Spanish, Russian, and English.
Two-factor-authentication (2FA): The crypto wallet is specially designed to send a One Time Password (OTP) in the form of a code. The code is sent to the user’s registered mobile number.
SSL connection: All transactions at Cryptonator are protected with a secure HTTPS security protocol or SSL connection.
Hot wallet: The best thing about hot wallets is that they can be accessed at any time as long as there is an internet connection.

Cryptonator Fees and Limits

The Cryptonator wallet fees for the various cryptocurrencies can be briefly listed as below:

Bitcoin– 0.00010000 BTC
Bcash-0.00010000 BCH
Bytecoin– 0.10000000 BCN
Dogecoin-1.00000000 DOGE
Dash-0.00100000 DASH
Emercoin-0.01000000 EMC
Ethereum-0.00100000 ETH

Ethereum Classic-0.00100000 ETC
Litecoin-0.00100000 LTC
Monero-0.00100000 XMR
Peercoin-0.01000000 PPC
Ripple-0.10000000 XRP
Zcash-0.00010000 ZEC

Cryptonator Supported Currencies

The currencies supported by the Cryptonator wallet can be broadly listed as below:

Bitcoin (BTC)
Bitcoin Cash (BCH)
BlackCoin (BLK)
Bytecoin (BCN)
Dashcoin (DSH)
Dogecoin (DOGE)
Emercoin (EMC)
Ethereum (ETH)

It also offers support for a number of fiat currencies including:

United States Dollar (USD)
Euro (EUR)

Russian Ruble (RUB)
Ukrainian Hryvnia (UAH)

Is Cryptonator Safe?

One of the top security features implemented by Cryptonator includes a two-factor authentication security protocol. It involves sending a one-time 6-digit code to the user’s registered number to be allowed access to their accounts.

About 90% of all funds are stored offline and the Cryptonator employees have no access to this money. It decreases the risks of theft. All the traffic on the website is SSL encrypted which makes it harder to hack the wallet website. Another important safety feature is that users have full control over their private keys.

How to register on Cryptonator?

How to recover the Cryptonator password?

In cases wherein you forget the password, Go to the sign-in page and then click the “Forgot Password” option. That will prompt you to enter the email address you used to create the account. Once you do that, you will get an automated email with password reset instructions.

How to Add funds in Cryptonator?

Step 1:
Click on the “Send” button on the top left side of the screen and a drop-down menu will appear.
Step 2:
Select the coin you want to send. For illustration purposes, let us send Bitcoin.
Step 3:
Copy the Bitcoin address to which you want to send the payment and paste it in the “To the Bitcoin address” section.
Step 4:
Select the type and amount of coins that you want to send. The wallet will automatically populate the “Transaction Fee” box and the “Amount Gross.”
Step 5:
Verify that all the details are correct and then click on the “Preview Payment” box.
Step 6:
A confirmation will pop up, giving you another opportunity to double-check the details. After you have confirmed everything is correct, click “Send.”

How to Withdraw funds in Cryptonator?

Step 1:
Click on “Balance” which is the first button on the top left side.
Step 2:
Select the coin that you want to receive. For illustration purposes, we will use bitcoin. Next to every cryptocurrency, including bitcoin, there is a downward-facing arrow. Click on that button.
Step 3:
Click “Show my Bitcoin wallet address” to view your Cryptonator wallet address.
Step 4:
When the address shows up, copy it.
Step 5:
Paste your Cryptonator wallet address on the relevant medium and send it to the payer so that he can transfer bitcoins to your wallet.

Conclusion

Cryptonator is considered to be a secure web wallet with a user-friendly interface that integrates a wide range of security features. It is ideal for users looking for a cryptocurrency platform with a two-factor authentication feature.

It is an automatic exchange platform that supports a wide array of coins. Thus Cryptonator is quite a convenient multi-currency wallet with some nice features for the users.

Recent Updates

On April 20, 2020, Due to the significant drop in the #BCH hash rate, there was an increase in the required number of confirmations for this network to 20.
On May 20, 2020, Due to the significantly increased Bitcoin network fees, the Bitcoin sending fee is adjusted to 0.00025 BTC per outgoing transaction.
On June 04, 2020, Added support for bech32 bitcoin withdrawal addresses.
On Aug 03, 2020, The Ethereum network fees were adjusted as the sending fee to 0.005 ETH per outgoing transaction

Cryptonator FAQ’s

cryptonator - 8.2

8.2

Pros

Supports multiple fiat currencies.
Users do not need an identity verification
Multi-currency wallet
As a hot wallet, it is easily accessible
Implement all possible measures to secure funds.

Cons

Cryptonator exchange fees are relatively high
It supports a limited range of cryptocurrencies
Cryptonator does not offer leveraged trading
The wallet is unregulated and therefore poses risks to users
Users cannot import their existing wallets to Cryptonator
It is prone to phishing and hacking attacks by malicious systems

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.