Despite the fact that cryptocurrencies are gaining popularity, they remain quite a complex phenomenon. It takes time and effort to finally understand what they are, how they work and how you can use them. Some experts argue that cryptocurrency today is a complex technology for mass adoption. To go beyond certain boundaries, you need to come up with a sufficient number of simple and user-friendly solutions.
The mission of the developers is to make digital currencies and their tools simple and convenient for most people. Gradually, various services appear that facilitate the work of users with these denominations. Online cryptocurrency wallets and converters were the first to appear on the network, and then the mass development of payment tools for sites that want to accept or already accept digital money as a payment method continued.
Because digital currencies are developing very quickly, long-term planning is quite difficult. However, the developers of the Cryptonator service are not afraid of difficulties. Initially, "Kryptonator", reviews of which are so positive, appeared aselectronic wallet. As its creators officially declare, in the future it is planned to develop the service as an online banking platform with a high degree of security for all transactions.
What is this?
Cryptonator is a real-time crypto trading app that provides a huge amount of functionality to users absolutely free of charge. Customers can view any exchange rate and make direct conversions with just a few clicks.
When "Kryptonator" was first launched, it was available only in Google Chrome, and thousands of cryptocurrency users began to use this browser just for the sake of this service.
How does it work?
Reviews about "Kryptonator" are quite positive. But what does it mean in practice? This is a service that extracts data from exchanges to display the most accurate value and value of the cryptocurrencies you have at any given moment. He knows more than 300 digital denominations, and support for new units is added automatically after they are included in the current exchange.
Converting cryptocurrencies can be tricky, especially if you have a specific amount that you would like to convert from one denomination to another (eg 0.22 BTC to DOGE). There are many tools that will eventually lead you to the correct conversion, but the Cryptonator wallet is the first converter powered by encryption protocols that runs directlyfrom a browser.
In simple terms, this is an online cryptocurrency calculator that allows you to instantly convert over 300 different digital units into FIAT currencies, including US dollars and euros, with one click. What currencies does Cryptonator support? The service accepts and exchanges all popular cryptocurrencies - Bitcoin, Litecoin, Dogecoin, Auroracoin, as well as some exotic ones - Noodly Appendage Coin and Magic Internet Money. Cryptonator also allows users to see how much their "coins" are worth.
Real time
The user's most important cryptocurrencies can be set to Pinned Rates for quick access and real-time monitoring. Calculations are completed using the average of selected cryptocurrency prices on major online exchanges.
Each calculation is accurate and correct because "Kryptonator" is synchronized with all major online exchanges. Rates on Cryptonator are updated every 30 seconds, ensuring users receive their exchange with accurate rates when converting cryptocurrency to USD, EUR or other digital denominations.
How does Cryptonator start?
The platform is available online and as a free Chrome extension. In 2014, Cryptonator announced their iOS app which is now available for iPhone and iPad. Its functionality is similar to that presented in the Google Chrome plugin - to view the exchange rateno login required. Shortly thereafter, an application designed to work on Android devices appeared.
How to use "Kryptonator"? In all options, the service updates the value of cryptocurrencies every 30 seconds using fresh data extracted from the 20 most important exchanges. In order to not only view current courses, but also make an exchange, you need to register an account.
App and plugin
The Chrome extension itself looks great. It is available to any user for free. The ability to set up fixed rates means that users no longer have to visit multiple exchanges to check values and prices. The Cryptonator Wallet makes you realize just how big the cryptocurrency trading community has become and provides an incredibly useful tool for anyone interested in virtual currency.
The company is currently developing the Cryptonator Universal Mobile App, which will include additional features not shown on websites or platforms for Chrome. They are yet to be seen.
Fees & Commissions
Despite the possibility of a quick exchange, the creators of "Kryptonator" declare that this is not a traditional exchange, but rather an electronic bank for storing money, which offers several options for currency and services. It does not ask users to order orrequest an exchange, and allows you to easily and quickly make transactions with one click.
All deposits and incoming cryptocurrency transactions are processed free of charge. Depending on the type of user account, Cryptonator charges a small fixed fee on outgoing payments to cover transaction costs.
Outgoing transaction fees are calculated regardless of amount and are fixed. So, for the withdrawal of Bitcoins, the fee will be approximately 0.05 dollars, for other cryptocurrencies - less than 0.01 USD. Transactions with fiat currencies have fees ranging from 1 to 5 percent of the amount, both for deposits and for withdrawals.
Remittances
How to withdraw money from "Kryptonator"? FIAT currencies on this site can only be used for exchange or payment, so it is not possible to transfer them from wallet to wallet. However, euros can be withdrawn to a bank card, just like Russian rubles. It is also possible to withdraw dollars, rubles, hryvnias and euros to the Payeer electronic wallet, and funds are credited instantly.
What are the reviews about the Critonator?
"Cryptonator" has already received a high user rating and has currently opened more than 6,000 accounts. This is certainly a great achievement for a newly launched cryptocurrency service.
According to reviews, "Kryptonator" provides a simple and convenient interface. In addition, the service also provides strong security through an SSL connection,encrypted user data and optional two-factor authentication for all accounts. Using this product, users with their personal accounts can directly access GooglePlay, Skype, iTunes, Xbox and Amazon.
With the provision of an online cryptocurrency wallet, the ease of use of the platform and the ability to convert instantly, Cryptonator has become an indispensable innovative service that is indispensable for traders and just advanced users.
According to reviews, "Cryptonator" provides a solution to the common problem of how to quickly convert cryptocurrency. In addition, this platform provides accuracy and ease of use and eliminates the need to visit multiple sites to determine current rates.
