Review on Rahakott by Killer Bean
Unfortunately, any transaction here is scam !!!
Rahakott wallet is another cryptocurrency wallet is have come across, I had to immediately test it in order to write the best review possible.
I opened my online Web wallet, first I had to pass a recaptcha test to ascertain my humanity, after which I was presented my 24 word mnemonic phrase. After this I was told to present some words from the mnemonic just to be sure that I had saved it. Next thing to do was one of the most important things, this was the two factor authentication which was either a one time OTP or a long term password. Finally my account was created and I was shocked to see that the wallet only stored Bitcoin. I wasn't really into bitcoin so I used this wallet very passively, but during the time I used it, I noticed some parts of the wallet I didn't like.
1. Poor basic web design: The design of a wallet usually plays a role in influencing the mind of a trader whether he will use it or not. Well, the design on Rahakott wallet here was bad not as attractive as other wallet I have enjoyed using
2. The one time I transferred my BTC coins they were never delivered: I once transferred a $15 worth of BTC from my Rahakott wallet to my Binance exchange account, I was surprised that it didn't get delivered at all, with this u was able to flag the wallet as a scam wallet. So I'll implore users not to try out the wallet again.
3. They have been officially closed down: From a newsletter I read about rahakott, it was discovered that the wallet closed down about 5 months ago due to some reasons( I didn't hear about this since so my $15 transfer was all a waste). The mixer and the API have also been officially closed down.
Well the only good thing that could have been good about this wallet would have been the fact that they allowed mixers which would have helped a lot in users anonymity.
Beware!!! Rahakott has been closed down, don't be scammed by any thief who is using the domain of the website to trick unsuspecting traders.
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Pros
- The only possible positive thing about this exchange would have been the fact that they employed the use of mixers which makes users anonymous
Cons
- The negative part of this exchange has been explained in my review!
- The wallet is a scam, I was scammed 15$!
