Cryptocurrency has become an increasingly popular digital currency in recent years, and many people are taking advantage of it. As digital currency growth has increased, so has the demand for reliable and secure crypto wallets. With so many wallets on the market, deciding which one to choose can be difficult. That is where Guarda—multi-currency—wallet comes in.
In this review, we will provide a comprehensive overview of Guarda Wallet. We will analyze what makes Guarda Wallet special and why it is one of the best crypto wallets. Specifically, our review will focus on its features and usability. We will also answer some of the frequently asked questions. By the end of this review, it will be clear why Guarda Wallet is the safest multi-currency wallet available.
Introduction to Guarda Wallet
Guarda Wallet story started in 2017 when it was launched initially on Android as an Ethereum wallet. The company is registered in Portugal. Since its inception in 2017, the team has worked to achieve various milestones. Guarda has a navigable interface that allows novices and experienced cryptocurrency users to manage multiple cryptocurrencies at once.
The wallet provides users a secure environment to buy, send, receive, exchange, stake, and store multiple cryptocurrencies. Guarda currently supports over 60 major blockchains and 400K+ tokens. Since Guarda is a hot wallet, it is accessible as long as it is connected to the Internet. It is available on the Web, Desktop (Linux, Windows, and macOS), Mobile (iOS, Android), and Chrome Extension.
Furthermore, Guarda Wallet offers an advanced security system that keeps your funds safe while upholding the core concept of cryptocurrency—decentralization. Additionally, the wallet also offers a variety of features, one of them being multi-signature support.
Suppose you forget your password or lose your private keys. In that case, you can recover your wallet using backup files and mnemonic phrases. Their backup uses AES encryption, so you can quickly backup over 100 wallets. This is because Guarda Wallet is non-custodial, meaning you are the only one responsible for your private keys. So your personal data is not stored on their server.
How to Use Guarda Wallet
The team knows the importance of accessing your funds from anywhere at any time. That’s why Guarda has a web wallet, mobile wallet, desktop wallet & a Chrome extension. We tested the Guarda desktop wallet, and we will talk about it. It took less than 2 minutes to get the wallet installed & create a wallet portfolio for crypto assets. The process was easy, and as a user, you’re only required to set up a password for the wallet and save the backup file.
The interface is smooth and user-friendly. You will get only 20-30 recommended wallets, but you can add more if the one you want is not on the list. Simply go to the end of the list and click ‘Add wallet or connect ledger.’ Through this action, you can either create a new wallet or import an existing one from another wallet using the private keys.
Once you have set up your wallet, you can buy the cryptocurrency of your choice. You can buy cryptocurrency within the wallet using a bank card (Visa/Mastercard) or through SEPA transfer.
Moreover, the wallet allows you to swap certain cryptocurrencies between them with an in-built token exchange system. So you can easily convert your LTC to BTC or the other way around. There is also a way to earn around 20% APY, depending on the cryptocurrency, through staking.
As mentioned above, the wallet is non-custodial, meaning they just provide software designed to help you organize your portfolio more. Guarda desktop wallet offers a fast experience allowing the software a user-friendly interface to transact all your cryptocurrencies. If you’re a programmer, you would probably be amazed to know that Guarda is partially open-source.
Features of Guarda
This section of the article will go through the features that set Guarda wallet apart from the rest.
You have a few alternatives when you want to create a Guarda wallet to transact. Guarda wallet is available on desktop for Windows, macOS, and Linux. In addition, there is an online wallet available, as well as a Chrome extension. Furthermore, Guarda wallet provides a mobile version for Android and iOS.
If you have a Ledger Nano S, there is no need to worry since Guarda allows users to integrate. Therefore, when your Ledger is connected, you have an interface to interact with the network and manage your funds securely.
Receive up to 20% APY by staking 15 assets in your wallet for passive income. Guarda has an in-built staking platform that allows you to delegate your asset to validators at a competitive rate.
On the platform, you will see the following:
- A list of assets that are accessible for staking
- The required lock-up period
- The estimated APY for each asset
- The minimum amount for staking
You must first purchase the asset you want to stake before depositing it in the staking section to get a return.
Guarda allows you to swap crypto quickly and conveniently without going through long KYC checks. ChangeNow powers the atomic swap system. There might be some pairs that are not supported yet. According to the website, you can drop a message at [email protected]. The team will get in touch with you.
Another useful feature of Guarda is the option to create your tokens—ERC-20 or HBAR. The steps for making one are straightforward.
1. Give your token a name and select a ticker/symbol.
2. Enter the number of tokens to be distributed.
3. Execute a contract.
The blog section lets you discover what’s new on the wallet and fixes through release notes. You also get urgent information as well as announcements.
You can use the academy to learn about crypto, blockchain, and DeFi. Additionally, you can learn more through the Tutorials and read AMA recaps. Since Guarda prioritizes security, you can find out one or two things.
It shouldn’t surprise you that Guarda Wallet has a native token (GRD) that allows users to enjoy exclusive perks. Some of the perks include:
- Discount for a human-reliable address from Unstoppable Domains when paying with GRD
- Discount when paying with GRD to create your ERC20 token
You can acquire loans without selling your cryptocurrency or going through KYC. Within 10 to 15 minutes, you can get a loan (stablecoins) at a 10% APR. You can pay off the loan anytime, and your collateral is safe. CoinRabbit provides the service.
Prepaid Visa Card
You can get your Guarda card and pay with crypto in-store or online, where Visa is accepted. You can also withdraw up to 500 EUR daily or 2500 EUR monthly at the ATM. As seen within the platform, the card is available to users who reside within the 27 EU member states, Iceland, Lichtenstein, Norway, and United Kingdom.
To get the card—virtual or plastic— you need to download the mobile app and order from there.
Guarda wallet’s backup is saved in a TXT format and encrypted using AES. If you forget your password, you use the backup TXT file to recover your wallet. The Guarda team never stores or has access to your private keys, so keep your personal data safe.
N.B: Whenever you create a new wallet, you need to update the backup. The wallet itself will warn you of this.
You can import the private keys of certain cryptocurrencies. And if you need to claim a few cryptocurrencies, you earned from forks or airdrops? Again, it is very easy to use Guarda Wallet. Take, for example, the most recent airdrop of the forked ETHW token.
Guarda wallet has a great support team that is available 24/7. You just have to reach out to them, and they will get back to you.
Frequently Asked Questions About Guarda Wallet
1. Is Guarda crypto wallet safe?
Yes. Guarda Wallet’s safe environment will secure your digital assets on the web, desktop, or mobile. Though it cannot compare to cold wallets, Guarda does not have security. On Guarda wallet, you receive mnemonics and a backup file to restore your wallet. Since it is a self-custody wallet, you are responsible for your funds.
2. What are the supported coins by Guarda wallet?
Guarda wallet supports over 400,000 cryptocurrencies. Ome of the well-known cryptocurrencies that have wallets supported on Guarda are:
- Bitcoin (BTC) wallet
- Ethereum (ETH) wallet
- Binance Coin (BNB) wallet
- Cardano (ADA) wallet
- Litecoin (LTC) wallet
- Stellar (XLM) wallet
- Dash (DASH) wallet
- Tether (USDT) wallet
- USD Coin (USDC) wallet
- Cosmos ATOM wallet
- TRON (TRX) wallet
- Monero (XMR) wallet
- NEO (NEO) wallet
- Tezos (XTZ) wallet
- Bitcoin Cash (BCH) wallet
3. What wallet type is Guarda?
Guarda is a non-custodial wallet. It has different types, such as web, desktop, mobile wallets, and a Chrome extension.
4. Can I buy Ethereum and Bitcoin with Guarda?
Guarda wallet partnered with Simplex, through which their users can buy Ethereum, bitcoin, and many other cryptocurrencies for a minimum of $38 and a maximum of $20,000. The cryptocurrencies will be deposited into your ETH or BTC wallets after confirmation, usually within 30 minutes.
5. Is Guarda wallet as safe as a Ledger Nano?
Almost. Though we can not compare it to Ledger or paper wallet, in terms of safety, it is safer than custodial wallets. You just have to store your backup files securely.
6. Does Guarda wallet have a Bitcoin exchange?
No, but they offer a real-time exchange where you can convert specific cryptocurrencies. It functions similarly to a crypto exchange but in a light wallet with a secure environment. Given that Guarda is a non-custodial wallet, some great security features make it almost 99% safer than crypto exchange.
Guarda Wallet Review Conclusion
Guarda Wallet is a secure, user-friendly platform for storing and managing your assets. It is an excellent choice for an easy-to-use and feature-rich cryptocurrency wallet. It’s simple to set up and use, and the support team is always available to help with any queries or issues.
The wallet is continuously updated with new features and integrations, making it one of the most user-friendly options on the market. Although it also has strong security features, the wallet is ideal even for those new to cryptocurrency.
Give Guarda Wallet a try and create your wallet today.
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