Wallet Type
  • Desktop Wallet, Mobile Wallet, Web Wallet
  • Supported Cryptocurrencies
    Number of Currencies
  • 49 (Show More)
  • Recovery Option
  • Yes (Show More)
  • Private Key Access
  • Yes
  • Storage Type
  • Hot Storage
  • Security Level
  • Medium (Show More)
  • User Friendliness
  • Easy To Use (Show More)
  • Price
  • Free

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Guarda Wallet Review

Guarda Wallet is a non-custodial multi-asset wallet to buy, store, send, receive and sell digital currencies. It was launched in 2017 by with the sole objective of providing a secure platform for users to manage all their digital assets in one place. Guarda is officially registered as Guardarian OÜ in the European Union and authorised by the Estonian FIU (Financial Intelligence Unit) for virtual currency against fiat currency exchange.

Guarda Wallet Mobile Image

Guarda is a multi-platform wallet that allows users to manage their assets from any device (desktop, laptop, tablet or smartphone) that is connected to the internet. The web/desktop wallet can be used on any device running Windows, Linux or MacOS, while the mobile wallet allows Android/iOS users to manage their digital assets on the go. Apart from digital assets storage, Guarda wallet also has a built-in crypto purchase service to buy digital currencies with fiat payment methods like a bank card. Also, its built-in-exchange allows users to quickly swap coins from within the wallet, without any limits.

All the different wallets offered by Guarda are non-custodial. This wallet never stores neither the public/private keys of digital assets nor any kind of users’ personal data. If you create a wallet on Guarda, then all the public/private keys for the digital currencies will get generated from your browser and stored on its cache. And, all your transactions will be done directly within the blockchain network.

Guarda allows importing private keys either from its own wallets or from other exchange, mobile, desktop or web-based wallets. Also, it provides a dedicated menu option to connect to the Ledger Nano S hardware wallet. Once the interface is established, you can view all the transactions of your Ledger Nano S wallet from the Guarda wallet. Moreover, you can import your Ledger wallets into Guarda.

Apart from its wallet service, Guarda also allows anyone to create their own ERC20 tokens using its Guarda Token Generator. It is a user-friendly interface that has not only simplified the token creation process but also provides all kind of support tools for users to promote and manage their tokens.

Supported Cryptocurrencies

Guarda wallet supports more than 49 coins and tokens which include the following:

Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Bitcoin SV (BSV), Cardano (ADA), Ethereum (ETH), Ethereum Classic (ETC), Dash (DASH), Decred (DCR), Digibyte (DGB), Dogecoin (DOGE), EOS (EOS), Litecoin (LTC), Monero (XMR), NEM (XEM), NEO (NEO), Qtum (QTUM), Ripple (XRP), Stellar (XLM), TRON (TRX), Tether (USDT), Zcash (ZEC), ERC-20 Tokens, BEP-2 Tokens, Bithereum (BTH), Cosmos (ATOM), Waves (WAVES) and many more.

Guarda - All coins in one wallet

To know the full list of coins and tokens supported by Guarda wallet, kindly check out their website.

Connectivity

Guarda wallet can be used as a Web, Desktop or Mobile wallet. It is even possible to use the wallet by just installing its Chrome extension.

  • Desktop Wallet: Guarda Multi-currency Desktop light wallet is available on the platforms including Linux, Windows, and MacOS.
  • Mobile Wallet: Guarda Mobile Multiwallet is available for both Android and iOS platforms. In order to use the Android wallet, the device requires at least Android 4.4 or later. the The iOS version works on any device (iPhone/iPad/iPod Touch) running iOS 10.0 or later.
  • Browser Extension: Guarda Browser Extension allows users to interact with any Dapp from their Chrome browser.
  • Android SPV Wallet: Guarda also has open-source single-currency wallets to hold a variety of coins. It has even built a dedicated application for Zcash to handle Shielded transactions.

Cryptocurrency owners may install all of them or just make use of their most convenient option.

Setup & Configuration

It won’t take much of your time to set up the Guarda Wallet. Follow the steps below to get started.

Installation

In order to use Guarda Multi-Currency Web wallet, you needn’t install any additional software. For using a desktop wallet, download and install the correct version of Guarda Desktop Light wallet, depending on your OS (Windows/Linux/MacOS). Guarda Wallet is also available as a Chrome extension. For managing your digital assets on the go, we recommend you to install iOS/Android app of Guarda wallet on your smartphone. Refer the section Connectivity in this post, to get the download links for all types of wallets.

Creating a Wallet

You needn’t provide your email address or phone number to create a wallet on Guarda. Follow the below steps to create your wallet on Guarda Multi-Currency Desktop Light wallet. Before starting the procedure, make sure that you have installed the desktop wallet on your computer.

  1. Launch Guarda Desktop wallet on your computer
  2. Click ‘Create a new wallet’
  3. Enter a strong password to protect your wallet.

Don’t forget to store your password somewhere safe, as Guarda will not be able to restore it.

Guarda Wallet Create New Wallet

  1. Click ‘I’ve written it down’
  2. Click ‘Download Backup’ to save your backup file.

Remember that it is not possible to access your wallet without the backup file and password.

guarda backup

Now, you will be redirected to your account dashboard. Congratulations! You have successfully created your wallet account on Guarda.

How to Restore Guarda Wallet from Backup

It is possible to access your digital assets across various devices like smartphone, tablet, laptop, etc by simply restoring your existing wallet. When using the web wallet, you need to restore the wallet if you are logging in from a different browser, private tab or have cleared your browser’s cache.

For example, let’s assume that you would like to import your existing Guarda wallet on your iPhone. Follow the below steps to ensure it’s a smooth sailing process. Before starting, make sure that you have installed the Guarda iOS app on your device. Also, you must copy the backup file of your existing wallet on your iPhone.

Guarda Wallet Backup

  1. Launch Guarda on your iPhone.
  2. Tap ‘Import’ or ‘Restore’.
  3. Tap ‘Browse’ to select the backup file.
  4. Enter the password of your existing wallet and tap ‘Restore’.

Now, your existing wallet has been successfully restored on your smartphone.

How to Receive Crypto on Guarda Wallet

To receive Ethereum, BTC, ERC20 tokens or other collectibles, you must provide the wallet address to the sender. Follow the below steps to receive a digital asset on your Guarda Wallet.

  1. Login to your Guarda wallet account.
  2. Click ‘Add Wallet’, select the crypto you would like to receive (eg. BTC).  (You can skip this step if you had already created the wallet for the crypto)
  3. Click ‘Receive’ tab and select the cryptocurrency (eg. BTC)
  4. Share the wallet address with the sender either by scanning the QR code or by manually copying the address to the clipboard.

Double-check and make sure that you are sharing the right wallet address. For example, sending BTC to an ETH address will result in loss of funds.

Guarda Wallet - Receive Coins

Once your sender initiates the transaction, coins or tokens will be credited to the corresponding wallet.

How to Send Crypto on Guarda Wallet

You can send Bitcoin, Ethereum and other ERC20 tokens from Guarda Wallet to other exchange wallets, hardware wallets or to just any kind of wallet that can hold cryptos. Follow the below steps to move out cryptocurrencies from Guarda wallet.

Guarda Wallet - Send Crypto

  1. Log in to your Guarda wallet and click ‘Send’ tab.
  2. In the ‘From’ field, select the crypto wallet (eg. ETH) from which you would like to send the funds.
  3. In the ‘To’ field, enter the receiving address of the wallet either manually or by scanning the QR code.
  4. Enter the amount of crypto you would like to send. Alternatively, you can click ‘Send all’ button to send the entire funds available on your wallet.
  5. Then, click ‘Next’
  6. Here, you will see the detailed information about your transaction such as amount, fee and address. After carefully checking those details click ‘Confirm’,  if everything is correct. Otherwise, you can click ‘Back’ to return to the previous screen and update the details.

Congratulations! You have successfully sent cryptos from your Guarda wallet. You can check the status of your transaction by clicking the History tab.

How to Buy Cryptos on Guarda Wallet

Guarda allows you to buy cryptos from within the wallet using bank transfer or card. The supported fiat currencies are Euro (EUR), Dollar (USD), British Pound (GBP), Ruble (RUB) and Danish Krone (DKK).

Guarda Wallet - Buy Cryptos

  1. Log in to your wallet account and click the ‘Buy’ tab.
  2. Select your country of residence.
  3. In the ‘From’ field, enter the amount of purchase and select the fiat currency. (Make sure that the amount of purchase is within the limits, which is displayed below the payment method)
  4. In the ‘Wallet’ field, select the type of crypto you would like to buy.
  5. Select your payment method. (Card/Bank Transfer)
  6. Click the ‘Next’ button.
  7. Here, you will see all the details related to your order. Once you verify the same, click ‘Confirm’.
  8. Now, you will be redirected to the payment gateway provided by Simplex.
  9. Follow the on-screen instructions to place your order.

Once your transaction is completed, the coins will be credited to your wallet.

Guarda Wallet - Buy Confirmation

How to Exchange Cryptos on Guarda Wallet

Apart from storing cryptos, Guarda also allows users to instantly swap cryptos from within the wallet by partnering with reputable exchanges like Changelly, ShapeShift and ChangeNOW. Follow the below steps to quickly exchange cryptos from your Guarda wallet.

Guarda Wallet - Exchange Cryptos

  1. Log in to your wallet account and click the ‘Exchange’ tab.
  2. In the ‘From’ field, select the crypto you would like to swap.
  3. In the ‘To’ field, select the crypto you would like to receive.
  4. Enter the amount of crypto.
  5. Click ‘Next’ after agreeing to the terms.

Now, you will be redirected to the partner’s website. Follow the on-screen instructions to complete the transaction. Once your transaction is processed, the coins or tokens will be credited to your wallet.

How to Import Cryptos from Other Wallets

Guarda wallet allows users to easily import cryptocurrencies stored on other wallets.

Guarda Wallet - Import Keys

  1. Launch Guarda Desktop wallet on your computer.
  2. Click ‘Import or Restore’.
  3. Select the crypto you would like to import and enter the private key of your existing wallet.
  4. Click ‘Add wallet’.
  5. Once you finish importing all your wallets, click ‘Import’.
  6. Then, you will be prompted to set a password for your Guarda wallet. Make sure that you create a strong password, note down on a piece of paper and keep that safe.
  7. Click ‘Download Backup’ to save the backup file of your keys. (Do remember that it is not possible to restore the wallet without the backup file)

Security

Guarda protects all the wallet’s transactions by encrypting with AES (Advanced Encryption Standard). Also, it doesn’t store the private/public keys, passwords or other sensitive information of the users on its servers. Hence, it becomes the sole responsibility of the users to protect their digital assets by securely storing the passwords, private keys, and backup files.  In a nutshell, Guarda provides the full control of the funds to the user itself.

By default, Guarda prompts the user to save the backup file whenever a new wallet is created or an existing one is imported. Also, it offers an automatic session timeout option so that you will be logged out of your account if there is no activity for the specified time interval.

Guarda Wallet - Session Timeout

For mobile wallets, it is possible to configure touch ID/Face ID unlock on compatible devices.

Guarda is ideal for holding a small number of cryptos. However, if you need to store a large number of cryptos, then it is highly recommended to use hardware wallets like Ledger, Trezor or KeepKey.

Recovery Options

Since Guarda is a non-custodial wallet, it doesn’t store your password or backup files.  If you lose your backup file and password, then, unfortunately, there is no option to recover your wallet and the funds will be lost forever.

Comments From Crypto Investors

Owing to its elegant and easy-to-use interface, Guarda Wallet is popular among the novice traders for buying and storing small amounts of cryptocurrencies. Moreover, Guarda has a disclaimer on its site stating that hardware wallets are the best option for those users who are extra serious about the safety of their funds.

Guarda Wallet - Trustpilot Review

To help beginners, Guarda has published a lot of articles on its website related to sending, receiving, storing or exchanging cryptocurrencies on its platform. In general, feedback is great and customer support is efficient.

Guarda Wallet App Review

Guarda vs Coinbase Wallet

Both wallets allow users to securely store different types of cryptocurrencies. Like Guarda, Coinbase Wallet also provides a web-based exchange wallet and a standalone mobile wallet to store, send or receive digital assets. Regarding security, both wallets offer extra protection with Touch ID (biometric authentication). Both Coinbase Wallet and Guarda allows users to buy cryptos using fiat payment methods like bank transfer, credit/debit cards. Like Guarda, Coinbase Wallet also provides an option to import cryptos from other wallets. The Guarda interface is more user-friendly, it supports all ERC20 Tokens, BEP-2 Tokens, BCH, BTC, EOS, DOGE and many more, on the other hand, Coinbase Wallet supports Bitcoin, Ethereum, all ERC20 tokens, and all ERC 721 collectibles.

Guarda vs Exodus

Both Guarda and Exodus are multi-platform, multi-asset wallets that allow users to store, send or receive a variety of digital assets in a single place. The competition between these 2 wallets is fierce. Guarda provides an option to buy and sell cryptos using fiat payments, whereas Exodus does not. Both wallets have mobile apps to allow users to manage their assets on the go. Like Guarda, Exodus also doesn’t store passwords, private/public keys or other personal information provided by the users. Both wallets provide an option to import cryptos from other wallets using their private keys. The key difference lies in the portfolio visual display feature & 100+ cryptocurrencies support offered by Exodus vs the ability to purchase & store tokens using FIAT, on the go, on Guarda.

Rating

4.5

Portability – 4.9

Security – 3.8

Ease of use – 4.9

Cryptocurrency Support – 4.2

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