Guarda Wallet Review 2020
Do you need a crypto wallet that accepts not only the most widely-spread coins but also many other crypto coins and tokens as well as is absolutely secure? A development company from Estonia tried to meet all requirements of modern crypto holders and created Guarda – a secure crypto wallet with extensive functionality and excellent reviews. The release of this wallet made headlines and therefore, it is important to learn more about it if your own or plan to get cryptocurrency in the future.
Guarda Wallet Overview
The desire to develop a secure and easy-to-use wallet was realized by the Estonian Guardarian OÜ company in 2017 and it has received the Guarda name. Originally it was ETH wallet for Android but in some time, its functionality, number of features and assets supported has grown significantly. Currently, Guarda can store 47 cryptos and over 10k tokens. This wallet is non-custodial that means that both the system and the development company do not keep any user data and a private key belongs only to the owner of the wallet.
If to analyze the main features of Guarda, they look as follows:
- Support for different platforms;
- Multiple cryptocurrencies and tokens;
- Currency exchange built in the wallet;
- Purchase of cryptocurrency using fiat money;
- Easy-to-create wallet;
- Professional and lightweight versions;
- Free to use;
- Delegation for Tezos;
- Staking for Cosmos, Tezos, Callisto, Komodo;
- Offers a fee recommended for transactions;
- DApp interaction.
How Does it Work?
If you plan to become a user of the Guarda wallet and think of storing cryptocurrency and tokens, you should open the website and select the type of wallet you need. The selection includes web, desktop, and mobile wallets, so some of them require download and a web version can be created directly on the website. A user should create a wallet setting up a password and downloading a backup file. The system will offer you to download a private key and wait for a couple of minutes to complete the process. As a result, a person receives a ready-made web wallet. Now it is time to add a cryptocurrency or a token you want to keep in the crypto wallet from the list and save a private key provided for every coin or token. The last one is required for restoring wallets using a back-up system.
Guarda is a wallet that operates on different platforms and can be accessed on the desktop computer or laptop, mobile phone or tablet with both Android and iOS system, or directly in the browser via a web version. There is even an extension for Chrome.
Both web and desktop versions have an identical number of features. They allow sending and getting crypto from one wallet to another, checking the history of transactions on any device, exchanging coins directly in the wallet (this feature is powered by Change NOW), purchasing both coins and tokens for fiat money, making import and export of private keys, enjoying the wallet backup function and secure encryption algorithm (AES) for better security.
A desktop version works on Linux, Windows or macOS. There is also a possibility to have the Guarda web wallet connected to the Ledger hardware crypto wallet and enjoy the utmost security of the combination of hardware and web wallets.
Guarda Mobile Wallet is a version that is considered lightweight and can be downloaded as an app and installed to the device used. Crypto holders can exchange funds and make immediate transactions as well as check the history and complete the wallet backup in the lightweight version too.
The main benefit of Guarda is immediate synchronization on all devices used, so you will see the latest data no matter what wallet you are checking at the moment.
One more unique feature of Guarda is a recent introduction of the Shielded wallet that supports Zcash only. It has appeared thanks to the grant given by ZEC to the company and now crypto holders can use a private wallet for making transactions, exchange and store Zcash on any device powered by Android.
When a person decides to install Guarda Browser Extension, he can interact with numerous decentralized applications using your customary browser.
The range of coins supported by Guarda is undoubtedly impressive. In addition to 47 coins including such popular ones as BTC, BCH, BSV, ETH, ETC, Zcash, Ripple, NEO, EOS, DASH, the wallet supports multiple tokens – over 10,000 tokens. Moreover, the development company has even added such challenging coins as Monero, Zcash and Verge.
How to Use Guarda Wallet
In fact, Guarda wallet looks similar on all devices. There are 5 options in the navigation menu including:
The History category shows all the transactions performed. There are three columns including All wallets, All types and Search by hash. The transaction history can be loaded by clicking the button in the center of the screen.
The Receive section includes the current balance and a full coin and token list to select from. When a wallet holder chooses a necessary coin, he can use a QR code and your own wallet address to be copied and sent coins to.
The Send category takes you to the page where a crypto holder selects the wallet to send coins from, enters the recipient’s address and the amount to send and proceed with two more steps to complete the process.
The Exchange section looks similar to the previous category where a wallet owner should enter the original currency selected for being exchanged and the currency you want to get as well as the amount transferred.
Settings is a menu option that allows a wallet owner to export a private Key from Guarda, download or copy a back-up code or log out from the wallet.
A general impression about the wallet interface is positive thanks to its simplicity and intuitively friendly look, so even a beginner can use it immediately without tutorials.
Reviews & Customer Support
The Guarda website has a page of customer support to get answers from the company representatives as well as an extensive FAQ section to be able to solve any issues yourself. According to the numerous reviews of Guarda wallet, customer support provides quick and informative responses to the queries in case of any issues faced.
If to analyze the reviews of Guarda customers, almost 80% of people who made use of this wallet are satisfied with its services and functions and have ranked it the highest – 5 stars. 4% of the reviewers have estimated the service for 4 stars, while most of the negative testimonials mention loss of assets and high fees for exchanging. The reason for such reviews can be an inability of managing private keys correctly and the point that exchanging funds is provided by third-party service.
Guarda is a popular wallet can be considered a secure destination for storing, sending, receiving crypto and generating tokens. It has attracted hundreds of people and most of them are satisfied with the way it works and its security, so it is not surprising that the number of Guarda clients will continue growing.