Guarda Wallet Review: Is It a Safe Option for Your Crypto Assets?

Guarda Wallet

Guarda is a non-custodial wallet for storing your crypto coins. It supports more than 10,000 assets and offers more than ten products and services. It was initially introduced in 2017 as a single-currency wallet, and today its team consists of experienced professionals.

What is Guarda Wallet?

Let’s start our Guarda Wallet review. This platform supports more than fifty major blockchains and tens of thousands of tokens. It also supports instantaneous crypto exchanges and allows for the staking of coins with a promised annual yield of 40%.

                                                                          Guarda Wallet Summary
Wallet nameGuarda Wallet
Wallet’s TypeDecentralized
Supported Coins54 major blockchains, 13 DeFi tokens, 20 popular tokens, and stablecoins
Supported Hardware WalletYes
Mobile AppYes
LanguagesEnglish
ChargesTransaction fees based on the asset

How does Guarda Wallet work?

Guarda Wallet purchase interface.

The purchasing system on this platform is regulated by a partner service. You can click on the Buy tab and choose the fiat currency and the crypto asset to purchase. You will be able to see the total fee and the estimated time of arrival. The optimal buying amount starts from $200 and you can use Visa or MasterCard. You can run this program on operating systems like Mac, Linux, Windows, Android, and iOS. 

Features of Guarda Wallet

Here are major features of this system:

  • Staking

Thanks to this feature, you can earn a passive income via the platform. The more instruments you stake and the longer you hold them, the more are the rewards. You can calculate the rewards for each asset on the website.

  • Referral program

By sending a referral link to someone else, you can earn GRD tokens and use them for swapping and purchasing operations. 

  • Exchange

Here, you can exchange your crypto coins without registration, authentication, or limits. You get to see the most favorable rates and the fees before exchanging.

What kind of wallet is Guarda Wallet?

Guarda is a non-custodial decentralized hot wallet, but you can connect it to the Ledger hardware wallet. This offers a high level of safety because the private keys for all assets are encrypted. 

How to send cryptocurrencies using Guarda Wallet?

Follow these steps to send coins using this platform:

  1. Select the Send option
  2. Specify the coin you wish to send
  3. Enter the destination address and the amount
  4. Add an optional memo
  5. For some coins, you need to add Extra IDs in the advanced options
  6. Confirm the transaction

What currencies does Guarda support?

This wallet supports major blockchains like Bitcoin, Ethereum, Guarda Token, ADA, XRP, Dogecoin, Polkadot, etc. Some of the DeFi tokens supported by this platform include WBTC, MKR, UNI, COMP, and LINK. Guarda Wallet is also compatible with stablecoins like USDC, BUSD, and USDT.

Is Guarda wallet safe?

Since this is a decentralized wallet, you are the one controlling your assets. You don’t need to provide any sensitive data and the company does not store your private keys. This reduces the chances of cyberattacks occurring.

Does Guarda wallet charge fees?

While conducting BTC transactions, you need to pay transaction fees based on the number of addresses involved. For ETH, the fee is calculated in terms of the GAS limit and GAS price. Other blockchains and tokens have different rules for transaction fees. 

Customer support & reviews

User reviews for Guarda Wallet on Trustpilot.

This wallet has an average rating of 4.7 on Trustpilot and most of the user reviews are positive.

Guarda wallet pricing

Guarda wallet is free to download and you don’t need to pay any commissions while using this service. 

Guarda Wallet vs competitors

Compared to other platforms, this platform supports a large number of coins and tokens. It is a free service that works on multiple platforms and has an in-built exchange. However, we don’t have the transaction fees for all the assets and the purchase system is conducted by a partner service.

Final thoughts

Final thoughts
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Guarda Wallet has some unique features that set it apart from others, like the staking mechanism, the in-built exchange, and the referral program. It also allows you to earn a passive income by staking your coins. However, the wallet can be improved by introducing some additional security layers. Also, it is a bit expensive to carry out crypto exchanges directly from the wallet. Doing this via a crypto exchange is relatively cheaper.
Guarda Wallet has some unique features that set it apart from others, like the staking mechanism, the in-built exchange, and the referral program. It also allows you to earn a passive income by staking your coins. However, the wallet can be improved by introducing some additional security layers. Also, it is a bit expensive to carry out crypto exchanges directly from the wallet. Doing this via a crypto exchange is relatively cheaper.

Pros

  • Large number of assets supported
  • Staking rewards
  • In-built exchange

Cons

  • Expensive swaps
  • No two-factor authentication or biometrics
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