Cryptonator Cryptocurrency Wallet

[Baki-crypto]

Cryptonator is an online cryptocurrency wallet, launched in 2014, which 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. Being Hong Kong, China-based it allows instant exchange and enables direct transactions.

The exchange offers a vast platform for its clients, without any regional restrictions. They also provide exchange tools apart from wallet services. Cryptonator offers only two platforms that can be used, one being an Android app and a web-browsing platform.

Founded by Andy and Brian Chen, a Cryptonator wallet is a service that combines cryptocurrency exchange services and digital wallet functionally. Brian Chen is the present CEO and has been in existence since 2014. It offers services in five languages, which include English, Spanish, French, German, and Russian. Cryptonator wallet can be used in any of the platforms like Chrome, Firefox, Android, iOS, Windows, etc.

The Cryptonator wallet fees vary according to the cryptocurrencies that the wallet supports. A few of these are:

Cryptocurrency                                         Fees

Bitcoin                                               0.00010000 BTC

Litecoin                                             0.00100000 LTC

Monero                                             0.00100000 XMR

Dogecoin                                          1.00000000 DOGE

One of the disadvantages of this wallet is that it does not offer support for credit card payments. It is possible to deposit funds into a wallet via bank wire transfer. The good bit about this is that it is easy to handle and use and provides multiple cryptos at the loss of handing control over one's funds to another party.

Cryptonator currency exchange can be done once you have created an account. All you need to do is add cryptocurrencies to your wallet in order to start the transaction. As such, your fiat money can be exchanged directly for a wide range of cryptocurrencies on the wallet.

For the past years, humans have used commodities. Cryptonator currencies are a more recent development. Cryptocurrency is neither fiat money nor a commodity one. It is an experimental, new kind of money.

Cryptocurrencies are a new concept in the global economy. It is a specific type of virtual currency based on principles of electronic communication and cryptography.

One of the key concerns connected with the cryptocurrency wallet is its safety. Cryptonator is no exception. However, significant measures have been taken by the team behind the wallet to enhance Cryptonator safety. With high-level security, privacy and anonymity, Cryptonator app offer multi-cryptocurrency accounts that are easily accessible 24/7 on your laptop, PC, or devices like the mobile, web-based cryptocurrency exchange calculator and conversion tool that allows users to convert almost every cryptocurrency into another

Is Cryptonator Safe?

Some of the security features that the wallet offers are:
#1 Control Of The Private Keys
This feature allows you the complete control of your private keys from the onset. Thus, the coins are not vulnerable to theft. This gives power and surety in the user's hand, and the holders can take measures to keep their funds safely.

#2 2FA – Two Factor Authentication
One of the best ways to ensure the safety of anyone’s account is 2FA. In the case of Google apps, it basically involves the generation of a 6- digit code. The code changes in every minute, with every attempt to log in and is unique to the individual users.

Pros and Cons of Cryptonator

Pros:

• Cryptocurrency users find this wallet convenient during the registration process as it only requires one's email address, and there are no further identification verification processes.
• Supports multiple fiat currencies.
• It is an all-in-one wallet, and as a hot wallet, it is easily accessible as it requires only an internet connection.
• The wallet platform claims to implement all possible measures to secure funds.

Cons:

• Exchange fees are considerably high.
• The wallet poses a risk as it is unregulated.
• Being a hot wallet, it is at risk of hacking attacks and phishing.
• Only a limited range of Cryptocurrencies can be supported.

The latest version of Cryptonator Apk is 2.0.5, with a size of 4.5 M. It can be downloaded and installed on devices supporting Android 18 and above. It also includes a Cryptonator calculator and a Cryptonator for windows OS as well as for Cryptonator web for your convenience

Taking every aspect into account, the Cryptonator exchange serves several benefits when it comes to wallet services. It is really going great by being both “an exchange” and the “web wallet”. It aims at protecting your balance from hackers and proposes good security functions. The issues emerge with its reputation, as many people and traders have criticized its customer service and exchange rates, however, if you are looking for a good, reliable wallet, the Cryptonator is one of the right choices for you.

Source-- https://coinswitch.co/news/cryptonator-wallet-review-2020-the-all-in-one-online-cryptocurrency-wallet

[hugeblack]

It is the worst type of wallet exchange account as it is a hybrid between the wallet and the central platforms with a focus on cons, in other words, the wallet does not interfere to protect your money as it can block/freeze the funds at any time. you can read many scam cases here^[1].

Having the private key will not change anything as long as you are not the only one who can control your account.

 - legacy address
 - Fixed fees.
 - Primitive interface.


[1] https://www.trustpilot.com/review/www.cryptonator.com

[cryptoworld99]

Does it support API for accepting payments? https://www.cryptonator.com/api/ - Not much info found on the website

[OmegaStarScream]

Does it support API for accepting payments? https://www.cryptonator.com/api/ - Not much info found on the website

It does, but the link is only visible for registered users (merchants accounts): https://cryptonator.zendesk.com/hc/en-us/sections/201763989

I don't see any reason to use them though (see the link posted by @hugeblack) especially when there are many other reputable alternatives.

[cryptoworld99]

Does it support API for accepting payments? https://www.cryptonator.com/api/ - Not much info found on the website

It does, but the link is only visible for registered users (merchants accounts): https://cryptonator.zendesk.com/hc/en-us/sections/201763989

I don't see any reason to use them though (see the link posted by @hugeblack) especially when there are many other reputable alternatives.

Thanks I've found a viable solution for my websites, just made my own node, it's a little expensive but way safer than online wallets.

[satscraper]

Reviving this old thread, as the latest on Cryptonator wallet is worth to be abreast of.

Cryptonator wallet has bitten a dust. BleepingComputer reports that the relevant domain was seized by ehe law enforcement action (a few agencies involved, including  U.S. Department of Justice, the FBI, the IRS:CI, the National Cryptocurrency Enforcement Team, etc).

After reading this I have tried to land on their official side and, indeed, saw this

The allegations are as follows:

[DaveF]

Interesting, never heard of it till just now with your necro-bump about it.
With the amounts mentioned in the article I wonder how many people were actually using it.

The 1st post mentioned Founded by Andy and Brian Chen as the creators / owner / operators but the article about it being seized says someone named Roman Boss as the person in charge. So the question is did Andy and Brian Chen ever exist in the 1st place. Does not matter now, but still an interesting question at least to me.

-Dave

[OmegaStarScream]

Interesting, never heard of it till just now with your necro-bump about it.
With the amounts mentioned in the article I wonder how many people were actually using it.

The 1st post mentioned Founded by Andy and Brian Chen as the creators / owner / operators but the article about it being seized says someone named Roman Boss as the person in charge. So the question is did Andy and Brian Chen ever exist in the 1st place. Does not matter now, but still an interesting question at least to me.

-Dave

If the platform has been around for this long, and with the people starting to have issues[1] withdrawing or accessing their funds after some point, it's possible that the site was sold to someone else. But that's just a guess.

[1] https://www.trustpilot.com/review/www.cryptonator.com

[Z-tight]

Reviving this old thread, as the latest on Cryptonator wallet is worth to be abreast of.

Yeah it is, and i didn't know anything about this service until two days ago, when another member created a thread about their domain being seized. It is weird how the service is kind of unpopular, at least to me and so many others who have agreed that they never knew it, but yet authorities claim that illicit funds up to $235m was processed in this service, is it possible that after some years of inception, this service was used by mostly illicit operators?

[satscraper]

Reviving this old thread, as the latest on Cryptonator wallet is worth to be abreast of.

Yeah it is, and i didn't know anything about this service until two days ago, when another member created a thread about their domain being seized. It is weird how the service is kind of unpopular, at least to me and so many others who have agreed that they never knew it, but yet authorities claim that illicit funds up to $235m was processed in this service, is it possible that after some years of inception, this service was used by mostly illicit operators?

I think this seizing  will be the good lesson for those who prefer custodial wallets and use messy places (like CEXs) instead of decentralized p2p networks (like bisq) to swap their crypto.   I could understand them 10 years  ago, at the time of nascent state of relevant infrastructure but at the present, when plenty of good noncustodial wallets are around the use of the scrapyards similar to Cryptonator is nonsense for me.

[DaveF]

There is another thread here about the takedown: https://bitcointalk.org/index.php?topic=5505039

But from what others have said / seen it looks like there were changes to the site over time.

Thinking about it a bit more since just about nobody here seems to have been using it. And there is very little discussion about it. I am guessing that it was not used that much.

Looking at the amount of money discussed in the takedown press release, it might have been more popular with people that were using it for non legit things.

-Dave

[Z-tight]

I think this seizing  will be the good lesson for those who prefer custodial wallets and use messy places (like CEXs) instead of decentralized p2p networks (like bisq) to swap their crypto.   I could understand them 10 years  ago, at the time of nascent state of relevant infrastructure but at the present, when plenty of good noncustodial wallets are around the use of the scrapyards similar to Cryptonator is nonsense for me.

I agree, but the crazy part is that it is a lesson that people have learnt over and over again, but with almost no changes. They still prefer to store their money in centralized exchanges or any other custodial service, i think some people actually believe that their money is safer there and that they cannot take responsibility of it and secure it themselves, to such people, i would say they are better off not using BTC.

[NotATether]

I agree, but the crazy part is that it is a lesson that people have learnt over and over again, but with almost no changes. They still prefer to store their money in centralized exchanges or any other custodial service, i think some people actually believe that their money is safer there and that they cannot take responsibility of it and secure it themselves, to such people, i would say they are better off not using BTC.

It's actually ridiculous.

Gox and BTC-e went down, people lost their money. I guess those people learned a lesson to always store their money in non-custodial wallets.

But then you have all these other exchanges and wallets going down, like FTX, Gemini earn, Voyager, Celcius, .... and the new crop of people still insist on using centralized exchanges to store their crypto. Despite many people telling them "not your keys, not your coins."

Suspiciously most of these people store their net worth on their phones too.

It's almost like they don't want to store their own money and would rather be careless about it.

[Lucius]

@NotATether, maybe the thing is that they listened to the advice of the "great leader" who indirectly called them incapable of being their own bank? Of all cryptocurrency investors in the world, there is a very small percentage of those who even understand the difference between a custodial and a non-custodial wallet.

[DaveF]

I agree, but the crazy part is that it is a lesson that people have learnt over and over again, but with almost no changes. They still prefer to store their money in centralized exchanges or any other custodial service, i think some people actually believe that their money is safer there and that they cannot take responsibility of it and secure it themselves, to such people, i would say they are better off not using BTC.

It's actually ridiculous.

Gox and BTC-e went down, people lost their money. I guess those people learned a lesson to always store their money in non-custodial wallets.

But then you have all these other exchanges and wallets going down, like FTX, Gemini earn, Voyager, Celcius, .... and the new crop of people still insist on using centralized exchanges to store their crypto. Despite many people telling them "not your keys, not your coins."

Suspiciously most of these people store their net worth on their phones too.

It's almost like they don't want to store their own money and would rather be careless about it.

Nah, some people will never learn. And if it was those few you listed above it would be worse. There have probably been 100s of exchanges that went away with a ton of peoples funds over the years and people still keep coins on them for extended periods.

Makes you wonder if a large portion of the altcoin boom 10 years ago was even more faked by the people running those exchanges so they could get peoples money for trades and then run with the funds when they shutdown the exchange due to a 'hack'

Also, (and I generalizing here) it's the older "boomer" and non tech generation that has been taught their entire lives to leave their money in banks and not to keep it themselves. Trying to explain to a lot of them that they all of a sudden have to be responsible for their own funds is difficult at best.

-Dave

[logfiles]

Gox and BTC-e went down, people lost their money. I guess those people learned a lesson to always store their money in non-custodial wallets.

But then you have all these other exchanges and wallets going down, like FTX, Gemini earn, Voyager, Celcius, .... and the new crop of people still insist on using centralized exchanges to store their crypto. Despite many people telling them "not your keys, not your coins."

Suspiciously most of these people store their net worth on their phones too.

It's almost like they don't want to store their own money and would rather be careless about it.

We still have people sending their life savings to Ponzi and pyramid schemes so that they can multiply their money or "earn while sleeping" so I am not shocked. While other learn lessons, a new flock of clueless ones continues to fall for the traps.

Look at freewallet for example. Despite very many scam accusations against them, we still have people downloading and using it. Some actually think Freewallet is a good wallet because it's "free"