Review on Monarch by Temitope Babatunde
Monarch, All In All Wallet.
Monarch wallet was built by Monarch Blockchain Corporation. The president is Robert Beadles. The wallet is very special because it is decentralized and the functions it has is superb. It has support for over 1900 coins and tokens. It even has fiat gateway for accepting credit card.
As per security I can rightly say is awesome, for example user store private keys and seed phrase, it also has password vault that store all the information at the user's level, after using a password for 27 times at 28th you will be asked to change it. The interesting aspect is that it can be use both as hot and cold wallet.
It has other great features like, auto payments, peer to peer transactions, portfolio trackers and news, inbuilt exchange, and many more. After downloading the app the user will need to install it and also set it up for proper usage. If it is for basic use no need for KYC but if the user want to go further to enjoy other functions it required KYC.
If user has any issues while using the wallet the customer support service is there to help 24/7. There is also the presence of monarch users community on social medias. More features is being added from time to time which made it one of the best wallet in the crypto market.
In conclusion monarch wallet is a wallet that can help you to do all you want with your cryptocurrencies.
Pros
- It can be use both as cold and hot wallet
- With the inbuilt exchange you can easily swap or exchange supported coins.
- Users stored the seed phrase and the private keys.
- Users can freely send coins between each other using username instead of alpha-numeric addresses.
- It is a multicurrency wallet, it support 1900 plus cryptocurrencies.
- It has mobile applications
- Merchant can use it to accept cryptocurrencies through monarchPay.
- Staking certain coin inside it, users can earn up to 7 percent per year interest.
- Weekly dividend for investors who hold monarch securities token.
Cons
- When using the hot wallet hackers could take advantage.
- Because of KYC users privacy can be compromised.
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Comments (1)
June 14, 2020
The wallet is one of the trusted wallet that users can store, send and receive crypto Assets regardless of location, because it accept Fiat currencies. Users can also earn interest for deposited on the wallet with very good percentage that bank can not offer.
