Review on WageCan Wallet by Stephen Toluwani
With Investment opportunities but no Insurance cover, WageCan makes me doubtful
The WageCan wallet is truly a difference among other wallets listed on Revain. The wallet services has been limited from the storage of a users Crypto assets but upgraded to servicing investors yields on its platform supported cryptocurrencies. I came across this wallet after doing some research and reading reviews on Revain and decided to check out it's services. Without KYC, one can be able to sign up and make deposits but Verification was to be required while making a withdrawal. I have tried it's investment service but with a small deposit of USDT and after a week, I made my withdrawal. That is to say, there is no holding period to ones investment on WageCan and with it's no fees structure, it seems like a good deal with absolutely no loss. It's KYC process was not much of a difficulty and it's support team seems to be available at all times of the day answering my questions ranging from KYC verification length and procedures to usage of its services. In trying to understand how users funds are secured and probably insured, I was faced with a hurdle as the response given didn't sooth my risk level. When support was contacted in that regards, I was only given an assurance of fund safety being locked up in cold storage and the other funds being used in it's investment portfolios with no insurance stated whatsoever. Without an insurance claim, I decided to withdraw my investment but I still believe in the services WageCan provides, being a notable name in the Crypto cards area, one can take that to be an assurance to investing in the platform. All the same, I can't really recommend the platform until much work is being done to provide claims for it's users against fund loss
Pros
- WageCan is a profitable platform where investors can out thier Crypto to work yielding very high Interests
- There is no withdrawal fees charged for it's Stablecoins and BTC costs just a mere 0.0001 for withdrawals
- WageCan has a very supportive customer service with responses given in less than a day
- The wallet supports multichain for it's Stablecoins
- Intuitive User Interface with buttons indicating where to go.
- Fast KYC process with little to no hassles
Cons
- I don't see any way WageCan has a leverage for it's investors in the case of a hack and subsequent loss of funds
