Guarda Wallet

What is Guarda Wallet?

Guarda Wallet should be a consideration for users who want to carry out most of their crypto-related transactions on one platform. It is considered to be a one-stop wallet for crypto traders and investors. Even though the wallet has not been around for too long, it has gained popularity as one of the very best.

Guarda is a non-custodial crypto wallet. It was developed and launched in 2017 by Guadarian OU, a blockchain development company. Paul Sokolov heads the Wallet as the CEO. One major feature of this Wallet is its support for more than 50 different blockchains and more than 400,000 tokens/coins.

In addition to its support for many blockchains, the Wallet is also equipped with many other features that make it outstanding from other crypto wallets. Firstly, although Guarda Wallet is a hot wallet, it can be connected to compatible cold wallets.

Also, individuals who want to use a debit card can quickly apply for one from the Guarda Wallet team and receive it. Users of Guarda Wallet receive a debit card that Visa powers. Any purchase made with the card deducts from the user’s cryptocurrency balance in the Guarda Wallet. 

Furthermore, Guarda Wallet is also mindful of its security. The Wallet is protected by industry-standard security architecture. Some of its security features include Multi-signature authentication, cold storage, and end-to-end encryption.

The Wallet is available in both desktop and mobile versions. The mobile version also supports Android and Apple operating systems. Also, it has a very user-friendly interface, making navigating around it very swift.

Getting Started with Guarda Wallet

Guarda Wallet is available in many versions. It can be used on the desktop browser and also as an extension on the browser. It is also available for mobile devices. The mobile versions include both Android and Apple operating systems. The software or app is available for download from the Android and Apple app stores. The following steps describe how to configure Guarda Wallet for both desktop and mobile devices.

Setting up Guarda for Mobile Devices

• Download the App: Log on to your respective app store and search “Guarda Wallet” in the search bar. When it appears, tap the download button to install the application and start your setup process.

• Create or Restore Wallet: After installing the application on your device, open the app to start setting up. If you previously have a wallet account with Guarda, tap the restore wallet button. There are two options for restoring a wallet; the first option is to restore using a backup JSON file and password. The second is to restore using backup phrases. Select any of the two options and restore your Wallet. However, if creating a new wallet, tap the “Create Wallet” button to start.

• Create Password: You must create a password to continue at this point. Enter a secure alphanumeric password of more than eight characters and confirm it. After the confirmation, tap on the “Create Wallet” button below the page to continue.

• Download Backup: After creating your password, you will have the option of downloading your backup file. It is strongly advised to download it immediately so you keep your Wallet.

After the last process, your Wallet will be ready for use immediately.

Setting up Guarda Wallet on Desktop

You can also use Guarda Wallet on the desktop. It has all the same features you find on the mobile version. The desktop version of the Wallet also supports macOS and Windows operating systems. Follow the steps below to use Guarda Wallet on your desktop;

• Visit the website: To download and install Guarda Wallet on your desktop, visit the official Guarda website. Please ensure you are on the original Guarda website. This is crucial because scammers are parading as Guarda Wallet to scam unsuspecting users.

• Download the Software: On the download page, click the “Download Guarda” button at the top left corner of the site, select your desktop operating system, and start the download process.

• Install Guarda: When the software is downloaded, go to your desktop’s download file folder and click on it. Follow the onscreen instructions to install the Wallet on your desktop.

• Create or Restore Wallet: If you open Guarda Wallet on your desktop, the first thing you will see is to either create a new wallet or restore an existing wallet account. If you previously had a wallet, click the “Restore wallet” button. To restore Guarda Wallet, there are two options available. You either restore using a downloaded backup file with your password or your backup phrases. Select the best option you prefer and restore. However, if creating a new wallet with Guarda, click the “Create Wallet” button to begin the process.

• Enter Your Password: You must input and confirm your password to create your new Wallet with Guarda. Please ensure you enter a secure alphanumeric password of more than eight characters.

• Download Your Backup File:  To complete your wallet creation process on the desktop, you must download your backup file. This file will help you restore your account on any device in case you decide to change your device or lose your device eventually.

Important: Kindly download the backup file to your Guarda Wallet to secure your account. This backup file will help you sign into or restore your account on another device. Also, ensure you write down your backup phrases securely and keep away from the sight of scammers who might access your Wallet and steal all your crypto assets. 

Cryptocurrencies & Assets Supported by Guarda Wallet

Guarda Wallet supports more than fifty blockchains and protocols. In addition to supporting multiple blockchains, it supports more than 400,000 tokens/coins. However, the table below lists the top hundred coins/tokens supported by Guarda Wallet.

Guarda Wallet Keys and Security

Our digital assets are protected by private keys, which are the keepers of our digital money in the world of cryptocurrencies. And with Guarda Wallet, the importance of private keys—much like the significance of a key to a closed vault—takes center stage. Guarda Wallet uses the power of private keys to guarantee the security of our digital assets, just as we depend on keys to safeguard our physical goods.

However, in terms of Guarda Wallet, you can only access your backup file, which is also one of the methods for accessing your wallet. Please follow the guidelines below to back up your wallet with your backup file.

1. Open your Guarda Wallet

2. Click the “Setting” button at the extreme lower right angle of your screen

3. Tap on the “backup” button

4. Export the file or copy the code

Other Guarda Wallet Features

Guarda Wallet is a one-stop shop for almost all your crypto service needs. It is equipped with unique features. The following features set Guarda Wallet apart from other wallets;

Buy Crypto With Card

Guarda Wallet allows its users to buy crypto using their bank debit or credit cards. When you buy any of the supported cryptocurrencies through Guarda Wallet using your card, the process is remarkably straightforward. Once you initiate the transaction, Guarda Wallet swiftly processes it, and within a relatively short timeframe of 10-30 minutes, you receive the credited assets in your wallet.

Guarda Wallet partners with a renowned payment processor called Simplex to facilitate these card payments. Simplex is a trusted and reliable platform that processes secure and seamless cryptocurrency transactions. By collaborating with Simplex, Guarda Wallet ensures that the purchasing process is efficient and adheres to the highest standards of security and reliability.

Staking

As a user of Guarda Wallet, you have the privilege of securely managing your crypto assets and the exciting opportunity to generate a passive income through staking. By staking your crypto assets, you can earn a substantial annual percentage yield (APY), reaching as high as 10% on certain assets.

To participate in staking, you must lock or hold your chosen crypto assets for a specific period determined by you. This locking period allows the network to utilize your assets for various purposes, such as securing transactions, validating blocks, or participating in consensus protocols. In return for your contribution, you receive rewards in the form of additional cryptocurrency.

It’s worth noting that not all assets require a lock-up period before you start earning rewards. For instance, assets like Tezos (XTZ) allow you to begin earning immediately without needing initial locking.

Guarda Visa Card

As a valued user of Guarda Wallet, you benefit from its secure storage and management of your crypto assets and the exciting option to request a physical debit card. This debit card provides a tangible means to utilize your crypto balance in real-world transactions.

Powered by Visa, one of the most widely recognized payment networks, this card opens up a world of possibilities, as it is accepted at numerous locations globally wherever Visa Cards are welcomed.

By obtaining a Guarda Wallet debit card, you can seamlessly convert your digital wealth into traditional currency for everyday spending. It eliminates the need for complicated conversions or transfers, enabling you to use your crypto balance effortlessly in various transactions.

Guarda Loans

Guarda Wallet offers a variety of loan services to its users, allowing them to borrow money against their cryptocurrency holdings. This can be a good way to easily access cash without selling your crypto.

To get a loan from Guarda Wallet, you must create an account and deposit some cryptocurrency into your wallet. Once you have deposited, you can apply for a loan. The loan amount you will borrow depends on your cryptocurrency holdings’ value.

Guarda Wallet offers a variety of loan terms to choose from, ranging from 30 days to 12 months. The payback interest rate on your loan will also depend on the term you choose.

Once approved for a loan, the money will be deposited into your Guarda Wallet account. You can then use this money for personal expenses including purchases, pay bills, or anything else you need it for. You must return the principal amount plus interest when you repay your loan. You can repay your loan in installments or a lump sum.

Decentralized Exchange (DEX)

Within Guarda Wallet, you’ll see a dedicated section designed specifically for asset swapping, offering you a seamless and efficient way to exchange one cryptocurrency for another. This swap service is known for its lightning-fast speed, enabling you to convert your digital assets with ease swiftly.

However, it’s crucial to note that the range of cryptocurrencies available for swapping is limited within Guarda Wallet. Only a selected number of supported coins and tokens can be exchanged using this feature.

Guarda Usability and Support

Setting up Guarda Wallet is a breeze and requires little time or effort. The process is straightforward and user-friendly, making it accessible even for those new to cryptocurrency wallets. Once you’ve completed the setup, navigating and using the wallet is equally hassle-free.

One of the notable aspects of Guarda Wallet is its intuitive user interface. The application is designed with clear labels and organized sections, making it easy to understand and operate.

Moreover, you can rely on their dedicated support section if you ever encounter difficulties or have questions while using Guarda Wallet. Guarda provides a comprehensive support resource on its website, where you can find helpful guides, FAQs, and troubleshooting tips.

Guarda Wallet Reputation and Popularity

Guarda Wallet is one of the fastest-growing wallets for the user base. Since its launch in 2017, the wallet has gained impressive popularity among crypto traders and investors. The wallet has been downloaded over a hundred thousand times from the Google Play Store alone and more than three hundred thousand (300,000) downloads on both Apple Store and desktop. Also, the wallet and its owners have maintained a good reputation and have not been involved in any controversial reports since it launched operations.

Conclusion

Finally, Guarda Wallet is an outstanding crypto wallet with a variety of features and support for several coins. As a non-custodial wallet, it prioritizes security and ensures users have full control over their funds. The wallet’s support for over 50 blockchains and more than 400,000 tokens/coins sets it apart from many other wallets in the market.

Overall, Guarda Wallet delivers on its promise of being a one-stop wallet for crypto traders and investors. It combines security, usability, and comprehensive features to create a reliable platform for managing and utilizing digital assets.

Guarda Wallet Pros and Cons

Even if Guarda Wallet is a good option when looking for a one-stop crypto wallet for your transactions, it has some areas that need improvement. The following table contains some of its strengths and weaknesses.