Guarda Review

Pros & Cons Explained

Pros

• Supports 50+ blockchains and 400,000+ digital assets: Guarda Wallet enables users to buy, store, and use hundreds of cryptocurrencies operating on over 50 blockchains.  
• Enables users to borrow, earn, and swap crypto: Users can earn interest on their crypto holdings via staking, exchange coins and tokens, and take out crypto loans. 
• Excellent 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 in the market. 

Cons

• High in-app crypto purchase fees: To buy cryptocurrencies from Guarda using cards users have to pay 5.5% transaction fees.

Features

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

The software wallet’s user-friendly interface combined with highly responsive customer service makes Guarda Wallet ideal for first-time 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 400,000+ digital assets including: 

• Bitcoin
• Ethereum
• Binance Coin
• Dogecoin
• Cardano

Security

Despite being one of the youngest cryptocurrency software wallets, Guarda Wallet has emerged as one of the most secure crypto wallets in the market with highly robust security features. To date, there have been no reports of Guarda Wallet’s security having been breached due to any fault of its own. 

Moreover, Guara Wallet is a non-custodial wallet, which means users have complete control over their private keys. Should the wallet provider’s servers become 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. 

Privacy and Anonymity

Guarda Wallet is a non-custodial wallet that provides a high level of privacy and anonymity. Users can take comfort in the fact that they don’t need to provide any personal information or complete an identity verification check to open a wallet. 

Setup

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

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

Web

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

Once wallets have been created for all of Guarda’s supported blockchains, you are asked to download your wallet backup. Finally, you need to download your wallet backup and store the file securely. For optimal security, this backup information should be stored offline. 

Desktop

Setting up a Guarda desktop wallet involves accessing www.guarda.com and clicking on “Desktop Wallet” under “Products.” There you can choose to download the 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 application and click “Create a new wallet.” Next, you will need to set a password to secure your wallet. Click “I’ve written it down” after you have written down and stored your wallet password somewhere safe. 

Next, Guarda Wallet will create wallets for all the blockchains it supports. Finally, the application will ask you to download the wallet backup file. Make sure you store your wallet backup file securely as you will need it to restore your wallet should you lose or damage your device. 

Mobile

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

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

If you would like to use your Guarda Wallet on mobile and on desktop, you can sync your wallets across these platforms. That way you can seamlessly access your crypto assets on your smartphone and your computer at any time. 

Usability

Desktop

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

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

Mobile

Users who prefer to manage their crypto on their smartphones can download Guarda Wallet for mobile on Android and iOS. Like the desktop version, the Guarda Wallet mobile application only takes a few minutes to set up and is very user-friendly. Moreover, it provides the same features and functionalities as its desktop-based equivalents. 

Individuals who regularly use cryptocurrency to make payments or send money to friends will probably prefer the Guarda Wallet mobile app, whereas active traders and investors are more likely to choose one of Guarda Wallet’s desktop-based applications.  

Customer Service

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

Cost & Fees 

Guarda Wallet allows you to customize fees for cryptocurrency transactions when sending and receiving. Wallet transaction fees depend on the network and can vary based upon the network conditions and how much you are willing to pay for a speedy transaction.

For example, if you want to send Bitcoin, you can go on ‘Advanced Options’ to decide how much you want to pay in network fees. For Bitcoin, value is expressed in satoshis per byte. If you increase that number, your transaction will cost more but the transaction will settle faster. 

Similarly, when making a transaction on Ethereum or another smart contract-enabled blockchain, you can determine how much you would like to pay in gas fees. 

For crypto purchases from Guarda, users have to pay a comparatively high service fee of 5.5% when paying with debit or credit cards. 

Final Verdict

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

The highly secure multi-platform wallet is popular among beginners and experienced crypto users alike because of its user-friendly interface, long list of features, and strong focus on customer satisfaction. In fact, Guarda Wallet has some of the most helpful customer support we have experienced in the crypto industry.  

While the crypto purchase fees are comparatively high, one can argue that the fees may be justified in light of Guarda Wallet’s highly robust security, high-quality customer support, and multi-platform approach that makes crypto asset management simple, secure, and easy. 

Methodology

One of the most important things to consider before you transact in and store cryptocurrencies is that you have a suitable crypto wallet in place. To help determine the wallet that works best for you, we conducted a comprehensive review process of the top cryptocurrency software wallets. 

Our review process is built around a quantitative ratings model that weighs key factors like security, costs, privacy, usability, customer support, and features according to 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 writers, who are experts in this field, then test drove each wallet to lend their qualitative point of view.

Our model gave preference to companies with the strongest security measures and reputations. Companies with rich features, such as supporting a large number of crypto assets, giving users the ability to sync with hardware wallets, and allowing for fee customization, also ranked highl