Review on Rahakott by The hsotaka
My review about Rahakott Wallet.
Today i want to tell you something about the Rahakott Wallet which was choosen as one of the "Companies of the week" by the Revain team.
ο»Ώ
Rahakott was founded 2017. They are advertising their wallet as a anonymous wallet you can create in less than 20 seconds.
They implemented a mixer, so if you withdraw your funds, its almost impossible to track it. You can also use virtual tunnels such as Tor which makes your activity even more anonymous.
ο»Ώ
They implemented a P2P exchange, so you can convert to most famous currencies (BTC, BCH, LTC, ZEC, Dash, etc.) to fiat and withdraw it.
ο»Ώ
You can use all of these services via API too, there is a detailed manual on their website.
ο»Ώ
Unfortunately its no open source project, as far as i seen. So you can't view the code of this online wallet, which makes it less trustworthy.
ο»Ώ
All in all, it seems like a good and reliable working product. I wouldn't rely on the mixer function, mixers do not offer complete anonymity these days.
ο»Ώ
I you own a very large amount of crypto, you can afford to buy a hardware wallet. I would always prefer hardware wallets compared companies which offer non open source wallet products.
ο»Ώ
ο»Ώ
Pros
- Integrated mixer for withdrawals.
- Anonymous Multi currency wallet.
- Integrated P2P exchange, convert to fiat and withdraw anonymously.
- Capability to work in virtual tunnels such as Tor.
- They are offering an API for almost all of their services.
Cons
- Not a offline wallet.
- There is a minimum overall fee amount for external transfers.
- No open source code.
