Review on Rahakott by Olugbenga Ajayi
A wallet with many amazing features
Rahakott is a free to use hot wallet founded in 2017 by a team of crypto enthusiasts namely Akke Svenson and Maskim Streyder.
The wallet is has many interesting features despite being a web wallet. It provides user with most features you will expect to find in a good wallet. Let me mention just a few.
Security
The wallet is very secure. Even though asset are kept on the server, according to the development team, no hacker can reach the assets even the development team can not reach it because of the levels of SSL encryption used to protect it.
Anonymity
The wallet use For protocol to ensure anonymity of users.
Inbuilt Exchange
It provides a quick way of buying and selling assets
It supports cryptocurrency and flat currency. Atleast the wallet support seven cryptos and also support USD and EUR.
Pros
- It is a multicurency wallet that support both flat and crypto assets
- It is secure with strong server-side encryption
- It has inbuilt P2p exchange that facilitate quick buying and selling of assets
- It is hierarchical deterministic wallet
- Guarantee user anonymity
- It support all browsers
- Simple interface with well positioned button for major operations
- There is no complicated registration procedure in getting the wallet
Cons
- Keeping asset on server can pose a lot of security threat
