Review on Monarch by Olugbenga Ajayi
Monarch: A wallet with many features
Monarch wallet is a decentralized, non custodial wallet launched by Monarch blockchain corporation.
The wallet can store as many cryptocurrecies as 1,900 and has recently added SLP tokens support. With the wallet, users can do a lot with cryptos. One can buy, sell, store even it is possible to configure it for recurrent payment. The wallet is really full of many features that are not common to ordinary wallets.
Couple with all of these, it also charges low transaction fee on ethereum and Bitcoin. It is also good to note that it also support flat currencies.
Moreso, every trader loves going through transaction history to like bank statement to be sure that a transaction succeeded and the timing or date could also be a very important data. With monarch wallet, this can be done easily as it provides transaction history data for all tokens it stores.
Pros
- Users keep their private keys since it is non custodial
- As a decentralized wallet, security is firm and strong since there servers scattered around
- Has some special features like recurring payment
- Support several cryptocurrencies like BTC, ethereum, erc-20 tokens and SLP tokens
- Very beautiful interface on which every items are well positioned
- Can store flat currencies
- Can be used for erc-20 token swap
- Has the lowest fee for transaction that involves BTC and ethereum
Cons
- Requires KYC to enjoy most of the features
