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Guarda wallet is a cross-platform cryptocurrency Hot wallet.
It supports more 400,000 cryptocurrencies It allows you to manage, exchange and store cryptocurrencies.
Guarda wallet overview
- Multi-currency support: Over 50 blockchains and over 400,000 tokens.
- Cross platform: Available on desktop, mobile and browser extensions.
- Staking: Built-in staking options for popular assets.
- In-app purchases: Buy cryptocurrencies directly using credit cards.
- Spot Swaps: Exchange cryptocurrencies within the wallet.
- Backup encryption: Encrypted backup feature for easy recovery.
List of contents
What is Guarda Wallet?
Guarda Wallet is a hot wallet that can be used across multiple platforms, such as mobile desktop, web, and offers a Chrome extension. This diversity of platforms makes the Guarda wallet versatile and accessible by anyone, anywhere, anytime.
Guarda Wallet also has integration features such as an exchange, where you can buy, sell and trade cryptocurrencies, and a staking option directly from the app.
In terms of security, Guarda claims to be a non-custodial wallet that enhances user safety. We’ll explore the security features further later in this post.
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Key Features of Guarda Wallet
Multi-currency support
Guarda Wallet has impressive multi-currency support, making it one of the best The most diverse portfolios available. It is currently supported More than 50 blockchains And more 400,000 iconsincluding major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). It also supports specialized tokens from DeFi projects and is constantly adding new emerging cryptocurrencies to its list.
Cross-platform functionality
What makes Guarda Wallet really useful is the number of platforms it can be accessed and used, including desktop (Windows, Linux, macOS), mobile (Android, iOS), web, and a Chrome extension.
Staking
You can stake a variety of cryptocurrencies directly within the wallet. Some popular staking options include Ethereum 2.0, Tezos (XTZ), and Cardano (ADA).
Staking allows you to earn rewards by contributing to the security and operation of the network. The wallet provides users with real-time rewards and makes it easy to monitor your assets as they grow.
Staking on the Guarda wallet is provided by a third-party partner CoinCrypto. You can use their staking bonus calculator to see how much you can earn by locking in for certain periods.
In-app purchases
If you’re looking to buy cryptocurrency directly through the wallet, Guarda has a built-in purchase feature. You can use your credit or debit card to buy cryptocurrencies instantly.
⚠️Warning
- Although this is a convenient option, we should point out that these transactions come with hefty fees ranging from 4.5% to 5.5%.
- You’re also now relying on the use of an additional third party, which adds an element of security issues and KYC checks.
Backup encryption
Guarda Wallet ensures that your backup is safe with its encrypted backup feature. This feature encrypts your wallet backup file and stores it securely on your device.
Instead of leaving the recovery process on your device, we recommend backing up securely to a metal crypto wallet.
exchange
One of the best features of the Guarda wallet is the built-in exchange.
You can swap cryptocurrencies instantly within the wallet, without having to transfer assets to another exchange.
How secure is Guarda Wallet?
Whether you are new to the world of cryptocurrency investing or not, it has long been known that the best security for your digital assets is to use cold storage.
With a variety of cold storage wallets and hardware wallets, some people still want access to a hot wallet. This is where Guarda Wallet can be a useful option for traders who frequently need to buy and sell cryptocurrencies.
One of the security features of Guarda Wallet is that it claims to be non-custodial. This means you retain full control of your private keys, which are stored on your device rather than on Guarda servers.
Now, this sounds secure, but that doesn’t mean that the device used to access Guarda Wallet, such as your mobile phone or computer, can’t be hacked.
To help ease users’ anxiety, Guarda Wallet has added a security feature to support multi-signatures. This requires multiple parties to agree to the transaction before it can be completed.
This again means that multiple platforms and access points will be needed to approve the transaction. This may give hackers more options to access your information and private keys.
It is also important to note that Guarda Wallet is not completely open source.
We want to highlight that while Guarda Wallet does its best as a software wallet to protect your assets, it will never live up to the security of a cold storage wallet. Our suggestion is to use Guarda Wallet for small trades while storing a larger portion of your assets in a file Cool wallet for long term storage.
The best and easiest solution for cold storage
Bitcoin Material stands out as one of the best cold storage solutions for cryptocurrency users who want security and ease of use. Your private keys are never stored online, eliminating any risk of online hacking or unauthorized access.
Material wallets are ideal for novice investors and allow you to set up your cold store and easily manage assets without complicated procedures. It is the best in cold storage, providing the highest levels of security and safety for your digital investments.
Guarda wallet vs competitors
When comparing Guarda Wallet to other wallets, such as Coinbase Wallet, Exodus, and Trust Wallet, there are some notable features to point out.
Ease of use:
Guarda Wallet, just like Trust Wallet and Exodus, has an easy-to-use interface. All three of these hot wallets offer a simple design for sending, receiving, and managing cryptocurrencies.
Supports:
Guarda Wallet is available on desktop, mobile, and web/browser. This is similar to Trust Wallet and Exodus, while Coinbase Wallet focuses on mobile and browser extensions, with little desktop support.
Security features:
Guarda, along with Trust Wallet and Exodus, is a non-custodial wallet, with multi-signature support, and is compatible with the Ledger hardware wallet. Coinbase Wallet, on the other hand, has advanced security but relies heavily on Blockchain LAYER 2.
Supported cryptocurrencies:
Guarda supports 400,000 cryptocurrencies and tokens. Trust Wallet supports 10 million across more than 100 blockchains, while Exodus only supports 260 cryptocurrencies. Coinbase Wallet supports 240 digital assets and 300 different trading pairs across its platform.
In general, all of these hot wallets offer similar services but the use of the specific platform and the amount of cryptocurrencies available can be the deciding factor for one over the other.
How to use Guarda wallet
1️⃣Preparation
Getting started with Guarda Wallet is fairly simple.
- Download the app: From the official Guarda website, Google Play Store or Apple App Store. You can also install the Guarda browser extension or desktop app for Windows, macOS, or Linux.
- Create a new wallet: After downloading, select “Create a new wallet”. You will need to create a strong password.
- Make a backup of your wallet: Guarda will provide you with a backup gateway (also known as a recovery gateway or primary gateway).
This phrase is necessary to recover your wallet if you lose access to your device. We suggest storing them securely; As in a coin seed phrase storage wallet.
2️⃣Sending and receiving encryption
To send encryption: Press sends Click on the tab and select the cryptocurrency you want to send, enter the recipient’s address and select the amount. Double check the address before confirming the transaction.
To receive encryption:Click Receive Click on the tab at the top and then click on the currency you wish to receive. Guarda will generate the wallet address, along with a scannable QR code. Share this address with the sender.
To buy crypto: Press He buys tab, add the currency, amount, and your credit/debit card information to make the purchase.
In addition, you can He sells and Boundtree Your encryption.
3️⃣Stacking
Guarda offers options to store cryptocurrencies directly within the wallet. To share supported assets, go to the staking section within the app. Select the asset you want to share, choose the amount, and confirm. Staking rewards will accumulate in your wallet, and you can withdraw them at any time.
Guarda Wallet prices and fees
Guarda Wallet is free to download and use, but there are transaction fees for services like purchasing cryptocurrencies, swaps, and staking.
➡️ In-app purchases (credit card fees, cryptocurrency purchase fees) are around 4.5% to 5.5%.
➡️The swap fee for exchanging cryptocurrencies is 0.5%. However, you will also have network fees depending on the blockchain.
➡️Staking fees in the form of a 10% commission are applied to staking rewards.
Our final thoughts on the Guarda wallet
As a convenient and easy-to-use online wallet, Guarda Wallet is a good choice for those who frequently buy, sell, and trade their cryptocurrencies. It’s great for beginners and also offers advanced features like staking for more experienced investors.
Remember that when choosing a crypto wallet, you need to take into account Your specific needs, Take risks for security, Platform compatibility and Support multiple encryption.
For the best protection, there’s nothing like Cold hardware wallet. Just remember to review your needs.
Instructions
Is Guarda wallet free to use?
- Yes, Guarda Wallet is free to download and use. However, fees apply for some services.
What types of cryptocurrencies does Guarda Wallet support?
- Guarda Wallet supports over 50 blockchains and over 400,000 tokens.
Can I share cryptocurrencies with Guarda Wallet?
- Yes, Guarda allows staking of many assets, including Ethereum 2.0, Tezos, and Cardano.
Are there any fees to use Guarda’s built-in exchange?
- Yes, Guarda charges a 0.5% fee on cryptocurrency swaps, as well as a network fee based on the blockchain used.
What platforms is Guarda Wallet available on?
- Guarda Wallet is available on desktop (Windows, macOS, Linux), mobile (iOS, Android), and as a web browser extension.
