Review on Rahakott by Temitope Babatunde
Wallet With Good Security Features
WAkke Svenson and Maksim Shreyder launched Rahakott wallet in November 2017. It is an online wallet which can be use both on mobile devices and computers. The wallet has support for limited number of coins, but it is very interesting wallet, because it is very easy to set up and use.
It is highly annonymous because it doesn't require and KYC before one can use it nor do they store any of user's data at their level but all the information are encrypted on their server and only the user can access it with their seed phrase, so it is actually a privacy wallet. To further add to this feature is the opportunity to mix your address with the mixer inside the wallet when sending a coin so that it will be very difficult to trace it.
The wallet also has various security features which makes it very difficult for others to access it not even the developper. Another interesting thing is that if users want to send coins to themselves within the wallet it is free.
There are minimum amount of coins one can deposit and there is an inbuilt exchange but this come with a fee. The wallet only support the major coins. Withdrawing out of the wallet is very fast and there are various ways of depositing the supported fiat, like wire transfer and other means. It is of interest to note that the customer service for this wallet is available any time.
In conclusion Rahakott wallet is well designed and has trusted security feature that one may try and see.
Pros
- It is hierarchical deterministic wallet
- It has crypto mixer, which makes tracking of address impossible
- It has P2P exchange, the worldwide residents can use it.
- It has API support for advance user.
- It has support for USD and EUR whch are fiat currencies
- User has the opportunity of determining how much they want to pay as fees, the higher the fee the faster the transaction.
Cons
- It is hot and an online wallet
- Has support for limited number of coins and it has minimum deposit.
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Comments (1)
July 04, 2020
Rahakott is a wallet that stores the most popular cryptocurrencies, it manage and safe Digital currencies in a fast and easy way regards it level of security, it is an anonymous Platform that protect all the information of operators and kept as privacy.
