Review on Monarch by Stephen Toluwani
All features are great but KYC is required to use the Best of them
The Monarch wallet is although a Decentralized wallet but KYC is inclusive in it's total package system for users. To be honest, one thing that endeared me to using this wallet was when I first noticed it's weekly Airdrops of its Monarch Token which unfortunately for the past two weeks i haven't been able to win. Nonetheless, it's a good Crypto wallet and comes with a decentralized exchange in the app from which I was able to swap my Ethereum for USDT, The Dex of the Monarch app was very simple to use, no big hassles
My major issues with the Monarch wallet stems from it's lack of privacy support for some of its most interesting features like earning interest for holding coins and making Crypto purchase via the app. The features of this app isn't in a magnanimous number but they have kept it short, simple and useful. The wallet is highly recommended specifically for it's earning opportunities for holding and it's Airdrops too.
Pros
- As a Decentralized wallet, Monarch gives users access to their keys and fund security
- There is a weekly airdrop of its MT tokens
- There is an in-app Decentralized Exchange for Ethereum and it's ERC compliant tokens
Cons
- The wallet doesn't support Privacy all-round as certain features can only be accessed when one is KYC verified
