For those who are interested in storing a variety of different crypto assets, Guarda Wallet is designed to be an all-in-one, non-custodial storage solution. Any device can access the Guarda Wallet, which features a software interface that enables users to trade between different cryptocurrencies.
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What Is Guarda Wallet
The web, desktop, Chrome Extension, and mobile (iOS and Android) versions of Guarda, a non-custodial multi-currency wallet, are all available. With any Internet-connected device and when synchronized across different platforms, you can access the storages offered by Guarda. Guarda Guarda is a multi-asset wallet that currently supports over 40 major blockchains (including BTC, BCH, BSV, ETH, ETC, XMR, ZEC, XRP, EOS, LTC, XLM, and DASH) and over 10.000 tokens. The wallets include exchange and purchase options in addition to currency-specific features (staking, claiming, private transactions, and more).
How Does Guarda Wallet Work?
Guarda is a multiplatform custody-free cryptocurrency wallet with an intuitive user interface for storing, managing, purchasing, exchanging, and stakeing digital currencies. Guarda currently supports thousands of tokens on more than 50 major blockchains. With a bank card or a SEPA transfer, cryptocurrency can be purchased directly from the wallet. A built-in exchange service and quick crypto transactions are other options available to users.
Pros And Cons Of Guarda Wallet
Pros
- Multi-operating system wallet
- Free and easy to use
- Multi Crypto-currencies
- Encrypted private keys
- Staking Feature
- Referral program
Cons
- Backup could be simpler
- Does not offer cold wallet storage for holdings
Is Guarda A Secure Wallet?
If you ask any expert (without exception) what factor is most crucial when choosing a crypto wallet, they will all say security. It doesn’t matter if you’re looking for wallets that are simple to use or that can hold the most coins—some of you are—if your assets can be taken in a heartbeat.
The type of wallet you select will largely determine how secure your cryptocurrency wallets are. For a clearer understanding, allow me to introduce each of them to you:
- Online wallets. Online wallets typically have the worst security, which is pretty obvious. Despite how simple they usually are to use, it is not advised for those who store larger amounts of cryptocurrencies. You shouldn’t store an amount that you would be concerned about losing because online wallets are the most susceptible to hacking.
- Software/app wallets. Software or app wallets are a good alternative to both risky online wallets and secure hardware wallets. For those who conduct hourly or daily trading, they are typically beneficial. Even so, it is still advised to keep a sizable portion of your assets in a hardware wallet.
- Hardware wallets. Hardware wallets are one of the most suggested choices for people who value security, as you are probably already aware. Hackers couldn’t get access to your private key because it is kept offline.
- Paper wallets. The most secure choice is regarded as being paper wallets. The only drawback is that if it were lost, there would be no way to recover your assets.
How To Buy Coins On Guarda
Guarda provides a service for purchasing Coins straight from the wallet. You may use a credit card or even a bank transfer to make purchases depending on where you are. Simplexcc handles credit card transactions, while Coinify handles bank transfers.
AML/KYC procedures are not required in the vast majority of situations.
However, Changenow’s automated risk management system for managing transactions that involve exchanging coins may flag transactions and prompt users to provide KYC. When exchanging coins using the Change now service through Guarda or any other similar services, it would be a good idea to be prepared with the KYC requirements as this is more of a third-party requirement.
Guarda Wallet Supported Crypto Coins
Coins that are supported include: Bitcoin, Ethereum, XRP, Bitcoin Cash, Bitcoin SV, Litecoin, EOS, Binance Coin, Cardano, Ethereum Classic, Tron, Stellar, Monero, Tezos, Dash, NEO, Zcash, Cosmos, NEM, VeChain, Dogecoin, QTUM, Ravencoin, and Waves are some examples of cryptocurrencies.
In terms of market capitalization, Bitcoin is the most widely used cryptocurrency in the world. In recent years, Bitcoin, the original cryptocurrency, has proven to be a reliable hedge against the overall economy.
Second place goes to Ethereum, which provides smart contracts that enable users to create software, like DeFi protocols, on the Ethereum blockchain. Due to the recent explosion in DeFi projects using ETH to power their networks, Ethereum may become a very popular coin over the coming years.
Through the wallet, you can stake the following coins: Tron, Cosmos, Callisto, EOS, Komodo, Tezos, and Harmony.
Through its Shielded Wallet, the wallet provides special support to Zcash users. In addition to facilitating simple payments and the transfer of the security token, this enables users to maintain all of the privacy features that Zcash (ZEC) offers. To ensure continued use of Zcash’s zk-SNARK technology, the cryptocurrency wallet was created in cooperation with the development team.
zk-TOR browser and other onion encryptions function similarly to how SNARK technology does. Receivers are unaware of the source of the transfer, and senders are unaware of the destination of the coins they are sending, ensuring the security of the information passed along the chain. The wallet is thus perfect for security and privacy conscious traders who do not want their purchase information to be gathered.
Potential Dealbreakers
Since Guarda Wallet is a fairly well-rounded choice for any cryptocurrency enthusiast, it can be challenging to identify factors that would make it unsuitable for a specific user.
Having said that, those of you who are primarily interested in Bitcoin rather than a wide range of diverse altcoins will likely want to look somewhere else. If you only want to store your Bitcoin, the wallet’s extensive support for altcoins may be a hassle. And if you’re only interested in Bitcoin, you might as well run a full node, which will also let you take advantage of other features geared toward Bitcoin like CoinJoin and the Lightning Network.
Regarding Guarda Wallet, hardware wallets are the only other potential issue to consider. Since Guarda Wallet does not support hardware wallets like the TREZOR or KeepKey, you will need to use alternative software if you own one of these devices.
Guarda Wallet Fees
When it comes to software cryptocurrency wallets, the majority of them are free. However, it’s obvious that they need to make money somehow. For this reason, the majority of them impose a set fee for sending assets or for exchanging one cryptocurrency for another.
You might be perplexed; after all, we’re talking about the Guarda wallet; what does that have to do with trading cryptocurrencies? Well, as I said, free wallets need to make money somehow, so most of them provide cryptocurrency exchange services that charge for trading.
Conclusion
Guarda has been around for a while, and they continually contribute and innovate to make cryptocurrency available to everyone. Additionally, they are in the vanguard of incorporating new blockchains and adding new coins. This is what makes Guarda, which is accessible on desktop, mobile, and the web, a good option for a wallet.
Guarda, a non-custodial wallet, makes sure to concentrate on innovation and to let users be the true owners of the coins. I applaud Ledger for integrating with the web wallet, and I hope to see the integration offered for Guarda apps in the future. Overall, Guarda is a great option for a daily crypto wallet.