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Mohammad Shuja photo
Lahore, Pakistan.
1 Level
135 Review
31 Karma

Review on Monarch by Mohammad Shuja

Revainrating 3 out of 5

This is the best wallet for newbies in the crypto.

In addition to storing cryptocurrencies, sending and receiving cryptocurrency from anywhere in the world using the Monarch wallet, you can also store and transfer money using the Monarch wallet. Your bank account or credit card may be used to purchase digital money via the wallet. In addition to bitcoin and bitcoin cash, the wallet supports litecoin and ripple, as well as any ERC-20 cryptocurrency.



In exchange for putting money into the wallet, you may receive interest at a rate that is much superior to anything offered by the banks. A decentralized exchange with complete security is built-in, which makes it possible to trade ERC20 tokens as well.



You do not need to complete KYC in order to use the wallet's basic features. The KYC process is required if you want to earn interest. As a result of the wallet's commitment to customer care, every problem that is raised is always addressed promptly. You may use it to make transactions while also storing digital information in its memory.

Pros
  • It interacts with mobile devices, making it simpler for users to move it about.
  • Payments in the wallet.
  • Many blockchain and ERC-20 coins are supported.
  • It is a decentralized wallet that allows users to track assets.
Cons
  • There is no development in the last 2 years.