Review on WageCan Wallet by Japheth Ayuba
Recommended for Risk appetite investors. But it's credibility can't be assured
The WageCan wallet is not in anyway a wallet uses for holding cryptocurrencies. It's the first Crypto wallet I will be reviewing this way. Why I say this is because the wallet doesn't or cannot be used to hold Crypto assets but for making yield investment with the assets it supports. The wallet currently supports USDT, USDC and BTC for it's investment portfolio. Signing up to the wallet service comes with a lot of required personal details like email and name on personal documents which should aid future verification needs. Its verification documents required for it's KYC process is too much, with different documents required by the platform. One would understand that KYC might be required to operate such investment portfolios but the number and specific kinds of document the platform requires is too much. The wallet UI is simple to use and the USDT and USDC it supports can be used to deposit from different Blockchains. It's 2FA security implement is a big plus to its security system but with no indication of how users funds can be replenished in case of a hack on the wallet, one needs to be careful with the amount sent to the wallet for investment.
There is no live chat support but tickets can be opened yet it takes time for the support service to respond to ones request. I can't really recommend the service to noob investors or those scared of loosing funds but to those with an adverse risk appetite, it can be a good opportunity taking from it's interest yields.
Pros
- The wallet service is used for making investment with good returns
- The wallet supports different Blockchains for deposit like TRC and ERC etc.
- Easily accessible wallet. Easy sign up process
- Supports 2 Factor Authentication for increased wallet security
- Simple UI. Not too advanced but is simplistic to use
Cons
- There is no live chat support. Instead the wallet uses ticket opening
- It cannot be used to hold assets but only for making investments
- Advanced verification is required to Max the wallet service
