Review on Rahakott by Sergio Daniel Delgado

Name: Rahakott
Item: Rahakott
Rating: 4

April 02, 2020

Rahakott Wallet Overview

 The Rahakott is a hot or an online wallet that has incorporated a number of security and privacy features to offer anonymous cryptocurrency transfers and secure storage options. The wallet was launched on November 12, 2017, and it claims that it has stored over $ 30 million worth of various cryptocurrencies in its proprietary wallets. Rahakott also has a unique registration system that uses only a mnemonic phrase to create an account in less than 20 seconds.
﻿
The team behind the wallet consists of co-founders: Akke Svenson, Maksim Shreyder, and a team of dedicated developers. Svenson is a graduate of the Royal Institute of Technology, ﻿Sweden and Stanford University. Also, Svenson has worked in a number of companies from the fintech industry both in Europe and the US. Shreyder studies at the Moscow Institute of Physics and Technology and the University of London.
﻿

Pros

Rahakott currently supports the storage, transfer, and conversion of Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Zcash, Dash, and Monero. The fiat options supported are USD and EUR. There are no mentions on their website regarding which residents can use the service, so we can assume that users from all countries are able to create an account and deposit their cryptos.
The Rahakott wallet can be accessed through any web browser on all mobile and desktop devices. There are no specific apps for mobile or PC users.
Rahakott features a simple interface that is in line with most crypto wallet designs. After logging in, the first thing you can see is your balance in BTC, USD, or EUR, as well as your public address, address generator for payments, and transaction history. A large deposit button is featured above your balance, which doesn’t perform any action, as it just displays the information on the page. By accessing the menu in the upper-right corner, you can perform actions such as sending.

Cons