About Rahakott Wallet
Rahakott means “wallet” in Estonian, but in this context, it represents a virtual currency wallet that offers a multicurrency platform allowing you to manage multiple accounts within a single interface.
Supported Currencies in Rahakott Wallet
Rahakott facilitates the storage, receipt, and transfer of 7 major cryptocurrencies, including Bitcoin, Litecoin, Bitcoin Cash, Zcash, Dash, Monero, and Ethereum.
Internal operations within Rahakott do not incur any commission charges; however, network fees apply. The platform imposes minimum transfer amounts for each supported coin: BTC 0.0001, BCH 0.00001, LTC 0.001, ZEC 0.0001, DASH 0.0001, ETH 0.003, XMR 0.05.
External transfer fees also apply, with minimum rates set at BTC 5.0E-5, BCH 0.00001, LTC 0.00005, ZEC 0.00012, DASH 0.00010, ETH 0.001053, XMR 0.025000.
Rahakott Wallet Features
Rahakott operates seamlessly on web browsers, offering the advantage of accessibility on both smartphones and computers. While browser-based wallets are versatile, dedicated applications often provide better optimization and the option for offline functionality.
The wallet creation process on Rahakott is swift, taking just 20 seconds. Registration involves five stages: First, select your preferred language (including Russian) and complete the captcha. Second, securely store the mnemonic phrase on paper. Third, verify the phrase by entering the first and last words. Fourth, choose the desired currency for storage. Fifth, configure security settings by opting for either a one-time or standard password.
Rahakott prioritizes user anonymity, refraining from requesting phone numbers, email addresses, or personal document scans. The developers advocate for user privacy, highlighting the anonymity features within the wallet through three key mechanisms:
- Built-in mixer: Enhances transaction privacy.
- Deterministic: Generates a new public address for each transaction.
- Virtual tunnels: Offers users the option to operate within Tor-like tunnels.
The platform boasts robust security measures, with the developers affirming the futility of data theft attempts. Access to Rahakott requires mnemonic phrases and one-time 2FA codes, supported by encrypted servers for data storage.
For inquiries or feedback, users can reach out to the support team directly. Developers promise prompt and friendly responses to all queries and can be contacted via email at [email protected].
Frequently asked questions are addressed on the website, offering clarity on various aspects of the service. Users are reminded that the mnemonic phrase cannot be restored and that Rahakott does not send emails to users to prevent fraudulent activities.
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This review has been prepared by the specialists at ExpertsReview.