Guarda Wallet Review 2022

Wallet type Cross-platform (Web, Chrome Extension, Software, Mobile)
Price Free
Costs Customizable transaction fees, 3.5% crypto purchase fee
Number of supported cryptocurrencies 400,000+
Bitcoin and Ethereum supported? Yes
Win (bet/rewards) Yes, 14 active
Customer service Email, support tickets, live chat
In-App Features Buy, Sell, Trade, Stake, Borrow
Hardware Compatibility Yes
SVP or full knot VSP
Mobile app Yes (Android, iOS)


Advantages and disadvantages explained

Benefits

  • Supports over 50 blockchains and over 400,000 digital assets: Guarda Wallet allows users to buy, store and use hundreds of cryptocurrencies operating on over 50 blockchains.
  • Allows users to borrow, earn and trade cryptos: Users can earn interest on their crypto holdings through staking, trade coins and tokens, and take out crypto loans.
  • Great customer service: The wallet stands out for providing responsive customer service.
  • Best-in-class security: Guarda Wallet is one of the most secure crypto software wallets on the market.

The inconvenients

  • High in-app crypto purchase fees: To purchase cryptocurrencies using Guarda’s in-app exchange, users must pay a 3.5% transaction fee.


Characteristics

Guarda Wallet allows crypto investors to securely manage all their crypto assets in one place. Accessible via web, mobile and desktop, Guarda Wallet provides an end-to-end crypto asset management platform for new and experienced investors.

The software wallet’s user-friendly interface combined with highly responsive customer service makes Guarda Wallet ideal for new crypto investors. Experienced crypto investors will appreciate the range of advanced features such as staking and the ability to take out crypto-backed loans.

Guarda Wallet supports over 400,000 digital assets, including:

  • Bitcoin
  • Ethereum
  • Binance Coin
  • Dogecoin
  • gimbal


Security

Although it is one of the youngest cryptocurrency software wallets, Guarda Wallet has become one of the most secure crypto wallets on the market with very strong security features. To date, there have been no reports of a breach of Guarda Wallet security due to any fault on its part.

Additionally, Guara Wallet is a noncustodial wallet, which means users have full control over their private keys. If the wallet provider’s servers were compromised, hackers would not be able to access any funds in users’ wallets. Additionally, the wallet allows users to enable face ID verification for the mobile version of the app.


Confidentiality and anonymity

Guarda Wallet is a noncustodial wallet that offers a high level of privacy and anonymity. Users can take comfort in the fact that they do not need to provide any personal information or complete identity verification to open a wallet.


To install

Setting up a Guarda wallet differs slightly from platform to platform, but generally follows the same principles:

  • Download the wallet software
  • Back up your wallet using the seed phrase generated by the wallet
  • Secure the wallet with a password

the Web

Guarda makes setting up a simple web wallet incredibly easy. Start by going to www.guarda.com, then click on “Create a wallet”, then on “Create a new wallet”. Next, enter a password to create your web wallet.

Once wallets have been created for all blockchains supported by Guarda, you are prompted to upload your wallet backup. Finally, you need to download your wallet backup and store the file safely. For optimal security, this backup information should be stored offline.

Office

Setting up a Guarda Desktop Wallet involves going to www.guarda.com and clicking on “Desktop Wallet” under “Products”. There you can choose to download desktop wallet software on Mac, Windows or Linux.

Download the wallet software and open the file to install the application. Once you have installed Guarda Wallet, open the app and click “Create New Wallet”. Next, you will need to set a password to secure your wallet. Click “I wrote it down” after writing down and storing your wallet password in a safe place.

Then Guarda Wallet will create wallets for all the blockchains it supports. Finally, the app will ask you to download the wallet backup file. Be sure to store your wallet backup file safely as you will need it to restore your wallet if you lose or damage your device.

Mobile

To set up a Guarda mobile wallet, go to Apple App Store (iOS) or Google Play Store (Android) and search for Guarda Wallet. Then download the app on your smartphone and click on the app icon once the app is downloaded.

To set up a wallet, you will need to follow the same steps as for the web and desktop versions of the app. Again, be sure to write down your wallet password somewhere safe and store the wallet backup file securely. The mobile app also lets you set up fingerprint or Face ID authentication for added security.

If you want to use your Guarda wallet on both mobile and desktop, you can sync your wallets across these platforms. This way, you can seamlessly access your crypto assets on your smartphone and computer at any time.


Usability

Office

Crypto investors who prefer to manage their digital assets on their computers can use Guarda Wallet’s desktop applications, which include a web interface, a desktop software application, and a Chrome extension.

The three wallets available on desktop are easy to configure and very user-friendly. The clean and aesthetically pleasing user interface makes it very clear where you need to click to perform the action you want to take.

Mobile

Users who prefer to manage their crypto on their smartphone can download Guarda Wallet for mobile on Android and iOS. Like the desktop version, the Guarda Wallet mobile app only takes a few minutes to set up and is very user-friendly. Plus, it offers the same features and functionality as its desktop counterparts.

People who regularly use cryptocurrency to make payments or send money to friends are likely to prefer the Guarda Wallet mobile app, while active traders and investors are more likely to choose one of the apps from Guarda Wallet office.


Customer service

Unlike many of its peers, Guarda Wallet offers excellent customer service. Guarda Wallet users can access the company’s highly responsive support team using live chat, support tickets, and email.


Cost and Fees

Guarda Wallet provides customizable send fees for cryptocurrency transactions. Wallet transaction fees depend on the network and can range from pennies to tens of dollars.

For example, if you want to send Bitcoins, you can go to “Advanced options” to decide how much you want to pay in network fees. For Bitcoin, the default is 2 satoshis per byte. If you increase this number, your transaction will cost more but the transaction will settle faster.

Similarly, when you transact on Ethereum or another smart contract-enabled blockchain, you can determine how much you want to pay in gas fees.

For crypto purchases using the in-app exchange functionality, users must pay a relatively high trading fee of 3.5%.


final verdict

Guarda Wallet is one of the best crypto wallets on the market, allowing users to seamlessly buy, sell, trade, stake and store over 400,000 digital assets in one place.

The highly secure cross-platform wallet is popular among new and experienced crypto users due to its user-friendly interface, long list of features, and strong focus on customer satisfaction. In fact, Guarda Wallet has the most helpful customer support we’ve experienced in the crypto industry.

Although the fees for buying crypto in the app are relatively high, it can be argued that the fees can be justified in light of Guarda Wallet’s very robust security, high quality customer support and cross-platform approach. that makes managing crypto assets simple, secure, and easy.


Methodology

One of the most important things to consider before trading and storing cryptocurrencies is that you have a proper crypto wallet. To help you decide which wallet is best for you, we conducted a comprehensive review process of the best cryptocurrency software wallets.

Our review process is built around a quantitative rating model that rates key factors such as security, cost, privacy, usability, customer support, and features based on their importance. Our team of researchers gathered over 40 data points and conducted extensive research for each of the 19 companies we reviewed. Our team of editors, experts in this field, then tested each wallet to provide their qualitative point of view.

Our model gave preference to companies with the strongest security measures and reputations. Companies with rich features, such as support for a large number of crypto assets, the ability for users to sync with hardware wallets, and the ability to customize fees, also rank highly.


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