Last updated: 9/21/20
Guarda is a multi platform cryptocurrency wallet that’s been gaining traction recently. In this review I’ll cover the main wallet features and what you need to know before using it.
Guarda Review Summary
Guarda is a multicurrency wallet that is available for web, mobile, desktop and as a Chrome extension. The wallet supports all of the major cryptocurrencies around and seems to keep its users pretty happy with features such as trading crypto, staking crypto and setting custom fees.
That’s Guarda in a nutshell. If you want a more detailed review keep on reading, here’s what I’ll cover:
Established in 2017 in the European Union, Guardian OÜ, the company behind Guarda wallet, has made steady progress towards their goal of creating blockchain-related products. The company has acquired a Financial Intelligence Unit License (FIU) which enables them to exchange cryptocurrency against fiat currencies while complying with all relevant laws.
Since their inception, they’ve created over 10 different products, most of them wallets, but also exchanges, crypto purchase processing solutions, token generators, and even prepaid debit cards. In addition, they’ve also incorporated support for hardware wallets into their services.
The company seems to be doing well; working diligently to outperform their competition and earning a lot of press credit and mentions along the way.
The Guarda wallet is an open source software that comes in many different implementations. You may choose between various wallet versions for web, iPhone, Android, a Chrome browser extension, or
a desktop wallet (available for Windows, Linux, macOS, Ubuntu and Debian).
Here’s a short video on how to get started with Guarda Wallet:
There is a wallet solution to suit everybody’s needs, and of course, they’re all free. All of the wallets support multiple currencies, which I will explore in a later section of this article.
All of these wallets are non-custodial, which means they give users full control over their own coins, and thus full responsibility for their secure storage. Guarda claims that no personal or cryptographic information is being stored by the company, making the user the only person able to manage their cryptocurrency.
All wallet versions have access to exchange features and provide users with the ability to buy any of the supported cryptocurrencies with a debit card. Naturally, you can create a new wallet, but if you prefer to just use the software, you can also easily import your existing wallets to Guarda.
Guarda shows a recommended fee for every transaction, but users can customize the transaction fee to their liking.
Guarda Web Wallet
Talking specifics, the web wallet is accessible through any device that is connected to the internet and Guarda claims that extensive security work has been conducted to ensure user safety. Guarda’s web wallet also comes with the capability to connect to Ledger’s API. Ledger devices can be connected to Guarda Multi-Currency web wallet for enhanced security, along with Guarda signature interface.
Moving on to the desktop or laptop versions, these have the same capabilities as the Web version. Usage of this wallet does not require registration and is non-custodial. Guarda also claim to have ensured the security and anonymity of wallet operations for users.
Mobile Guarda wallets come in two different varieties, supporting the two most popular OS systems for mobile devices – Android and iOS. Users of the mobile Guarda wallet can enjoy buying, staking and exchange services on the go, with fingerprint or face authentication.
The wallet supports a total of 48 different cryptocurrencies, as well as all BEP-2 and ERC-20 tokens in existence. Users can freely add these tokens to their wallet by inputting the smart contract transaction IDs (TXIDs) and activating them in their wallet.
Here is a list of all available cryptocurrencies:
Binance Coin (BNB)
Bitcoin Cash (BCH)
Bitcoin Gold (BTG)
Bitcoin SV (BSV)
Ethereum Classic (ETC)
FIO Protocol (FIO)
Stellar Lumens (XLM)
The company seems to be very responsive and has answered all of the comments, questions, and issues raised in public. This has apparently caused most users to be very satisfied with the product and the company, earning them a significant amount of positive reviews.
In addition, Guarda uses TrustPilot to enable users to freely communicate regarding the wallet and review their services, without the possibility of censorship. Out of 360 reviews at the time of writing 79% are Excellent and 5% are Great.
Most people therefore seem to have a positive experience with the wallet and its supporting services. Most users report a fast reply to their messages whenever they encounter a problem.
Some people, however, claim that the app has stolen crypto from them. Without evidence of vulnerability or malware, the most likely conclusion is that these users did not correctly manage their keys.
Other users report that they’ve gotten some extremely bad exchange rates. To avoid this possibility, check out what coins are trading for on other exchanges before trading. You may do so by searching your coin on the internet on CoinMarketCap, then viewing its various price pairs in the “Markets” tab.
The support team behind Guarda has responded to each and every one of these reviews, regardless if they were negative or not, which leads us to believe that they are very responsive and conscientious. However, it is up to you to decide whether these negative reviews are a red flag and cause for concern.
The company behind Guarda has grown rapidly and developed more than 10 products in three short years. It’s clear that the team behind Guarda is hardworking and competent.
Their wallet offering is wide and deep, providing users with a toolkit for most everything they need to do with crypto. It’s possible to use multiple wallet varieties to get access to funds via PC, mobile, and web. It seems that with Guarda you will always have access to your funds.
However, the fact that some negative reviews exist generates suspicion about the effectiveness of the software. It is unclear whether these reviews are substantial or simply the mistakes of the uneducated crypto beginner.
Given the wallets are open source, it’s likely that any serious issues would have been discovered by peer inspection of their code however.
The Guarda support team of the company have done everything in their power to respond and reply to all positive and negative comments. This fact showcases that Guarda cares about all of the feedback they get from users. Whether it’s bad or good, they take users’ opinions and expectations into consideration.
As with choosing any crypto wallet, you should exercise some caution with your choice. Look for any reports regarding code issues and keep your wallet updated to avoid issues.
Did you have any good or bad experience with Guarda? Let me know in the comment section below.