What's the problem?
Before I start this review, I do want to say that I was a part of the Wattpad community years before I let my daughter start using it, so I know the website inside and out. I feel that the parents giving this website a bad review just came across a few stories that were inappropriate. Yes, there are stories with mature content, but most stories that have this 'straight up porn' are rated as such.
The community is so friendly and the environment is so healthy for my little girl. She can write a cute story about a prince and a princess or about pirates, and be met with so much support and positive feedback that it's astounding. It gives her endless amounts of self-confidence, and I think that's what they need at this age before they start middle school.
Sure, she'll come across an inappropriate story every once in a while that isn't marked as mature, but it's nothing worse than what she'll hear in school over the next year, so I'd rather her get a bit of literature in there too instead of gossip and immaturity. There are strict guidelines for any storing promoting self harm or rape, and they take those things very seriously.
As for predators, I have never been approached, nor has my daughter, by anyone that treated us wrongly. Also, Wattpad doesn't share your email with anyone, so there's no way that someone could start emailing your child out of nowhere.
If anyone's strongly for monitoring, just share an account with your child. That way, you'll have access and see everything that they see, but I think it's a bit much.
I love this website, and so does my 11 year old daughter. She is always telling me about a good book that she just read or an idea that she got for a story. My favorite thing about this website/app is that it's brought us a lot closer. I know what my daughter's into, what she loves to write or read about. We spend time reading stories together, or even writing them.
I definitely recommend this to anyone who is interested in reading/writing for both them and their children.