Review on Rahakott by Inioluwa Okedeji
Rahakott: A Failed Cryptocurrency Wallet
Well the first thing I did was visit the Rahakott official website only to discover that the site is down and not functioning.
So, from here onwards everything I'll be saying about the Rahakott wallet are what it once was. Since the site was down, I had to improvise and find other means to know about how the Rahakott wallet came to be and why it is now no longer functioning.
The Rahakott wallet is a cold cryptocurrency wallet that only works on web devices and supports windows OS. It is also an anonymous multi-assets wallet that supports BTC, BCH and LTC.
The wallet has a built-in mixer that ensures that tracking is impossible which further help prove its claim as an anonymous cryptocurrency wallet.
Talking about the services will just be a waste of time because the services the Rahakott wallet no longer available since its been shutdown.
In summary, the Rahakott wallet was said to have convenient features, very helpful customer service and like I've said earlier high anonymity. All these features made the wallet what it was before the site was shutdown.
Now, as to what happened to the Rahakott website. Before the eventual shutdown of the site, the platform was said to have been infiltrated by many phishing websites who camouflaged themselves has the platform started using this to scam users if their funds and assets. It was in light of this that the site was eventually shutdown last year.
It's a pity though because even though the site has now been shutdown, a lot of users has lost their assets and I can only blame the Rahakott management for this because as I usually claim, the most important feature of a cryptocurrency wallet is its security well the Rahakott wallet has woefully failed in this aspect and its users have paid the price.
The only advisable thing to do in order to avoid situations as this is that people should (DYOR)conduct a through research on any platform that will be responsible for their assets even if the services offered are very attractive.
This wallet doesn't even deserve any star but since ratings can't be left blank there's no choice but to give it a star.
Pros
- There's nothing to say here because all its admirable services and features doesn't matter now since it has been shutdown.
Cons
- To me, the low security of the wallet caused its downfall and other projects should learn from this.
