Monarch WalletApp Store
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
This app appears to have been created for Monarch Tokens but it also features a Bitcoin wallet.
On the App Store listing there is no official website mentioned but their support i at http://splashfactory.com but there is no information there and we found monarchwallet.com to likely be their website.
There, we found this question in their FAQ:
Lost My Seed Wow this is a problem. We’re so sorry, we are a decentralized wallet, this means you and only you own your seed. If you lost your seed there is nothing we can do for you.
which means they claim to be a non-custodial wallet. But can we find the source code?
As we can’t find any source code we consider the app closed source and therefore not verifiable.
Tests performed by Leo Wandersleb
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.