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It is as fast as your smartphone's web connection.

Wifi is *much* faster than 3G so it isn't the bottleneck.
The only concern is that the hotspot app will drink your smartphone's battery.

I can confirm this approach works with Chromebooks and a HTC Desire on 02 in the UK.
 

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Yeah. I use my Smartphone as a hot spot with Verizon's 4G. Honestly, it seems almost as fast as my wifi, and is nice to use when I am not in range of wifi. However, like russ said, this is going to kill the battery quick. In my case it is about an hour. So you still need to stay near a plug.
 

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My sister bought this thing that she can carry around with her. It is pretty large, about the size of a car battery. Anyway she can charge it up and then use it as a plug. At any given time she can just plug her phone and laptop in to it and get surfing the net. I can't remember what that thing is called though.
 

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Unless you need to be actually moving (in which case I recommend a power inverter for your car), you might be better off just getting free wifi from a hotel or restaurant (some businesses have it broadcasting where you can get access from their parking lot).
 

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Unless you need to be actually moving (in which case I recommend a power inverter for your car), you might be better off just getting free wifi from a hotel or restaurant (some businesses have it broadcasting where you can get access from their parking lot).
Thank you captain obvious :p

However there is a significant portion of the UK which has no free wifi, is not easily accessible by car (cities count here in addition to remote spots), but do have cellphone coverage. I suspect the OP's country is similar, perhaps yours too when you think about it.

There are times I've stayed in a hotel and have preferred to tether my cellphone than pay their crazy wifi charges.
 
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