Guarda Wallet Crypto Wallet Review Report
What is Guarda Wallet Crypto Wallet
Guarda (officially registered in the EU as Guardarian OÜ) has been building an ecosystem of blockchain-related products. As a core product, Guarda has an unmanaged, multi-platform cryptocurrency wallet designed to store, manage, transfer and receive digital assets.The Guarda Wallet crypto-wallet currently supports over 45 of the most popular blockchains and their tokens (including BTC, BCH, BSV, ETH, ETC, Zcash, Ripple, NEO, EOS, DASH, etc.). The wallet is available in web, desktop (Linux, Windows, macOS), mobile (iOS, Android) and Chrome extensions and can be accessed from any device connected to the internet.
History of Guarda Wallet Crypto Wallet
Guarda began releasing its first cryptocurrency wallet (Ether Wallet for Android) in 2017, which is referred to as the official Android wallet on the Ether Classic website. Shortly after, the company received a grant from the Zcash Foundation to develop an Android light wallet app for ZEC. Since then, Guarda has been focusing on developing blockchain-related products and service systems: multi-currency web wallets, multi-currency desktop wallet apps, multi-currency mobile wallets, browser extensions, token generators, web-based exchanges, and more. In addition, Guarda is constantly expanding the range of coins and tokens it supports. To date, there are over 40 coins and over 10,000 tokens.
Guarda Wallet Overview
Wallet typeUncustodialMulti-platform software wallet (web, Chrome extension, software, mobile)PriceFreeNumber of cryptocurrencies supported over 400,000PledgeYes, 14 assets supportedFee4.5% to 5.5% if cryptocurrencies are purchased in-app with a bank or credit card
Guarda Wallet is a lightweight unmanaged cryptocurrency storage facility with an easy-to-use interface and high-level security. It supports the most popular coins and their tokens including BTC, BCH, BSV, ETH, ETC, ZEC, XRP, NEO, EOS, DASH and more. All the currencies can be purchased within the wallet using a bank card for India Quad Payments. Users can exchange currencies and make fast crypto transactions within the wallet. The wallet itself and transaction history can be accessed via mobile, web and desktop versions. This allows restoring the wallet, checking transactions, or managing coins from any accessible device.The Guarda browser extension not only allows the use of Ether, Bitcoin, and other blockchains directly from Chrome, but also access to dApps (decentralised applications). The extension uses the web3 API to interact with each site's javascript context, allowing DApps to read data from the blockchain. The extension acts as a bridge between Guarda Wallet and dApps. Since Guarda Wallet is unmanaged, users' personal data or private keys are not stored by the company. The private key holder is the only person who can manage the savings. The company has shown strong interest in cold storage technology, as hardware wallets are known to significantly reduce risk when executing blockchain transactions.In 2019, Guarda integrates with the Ledger API: the Ledger Nano S device can connect to the Guarda multi-currency web wallet for enhanced security as well as the Guarda signing interface.
Guarda Wallet Key Features
Support for over 40 blockchains and 10,000 tokens
Source model: open source
Managed Storage Principles
Multi-platform access
user-friendly interface
Accessible from any device connected to the Internet
Credit Card Cryptocurrency Purchases
Built-in cryptocurrency exchange
Supported currency-specific features of the blockchain
Guarda Wallet Crypto Wallet Pros and Cons Analysis
vantage
Support for over 400,000 crypto assets on more than 50 blockchains: Guarda Wallet enables users to store large amounts of digital currencies and tokens across all leading blockchain networks.
Allows users to buy, exchange, borrow and earn cryptocurrencies: Guarda Wallet offers a range of features, from seamless asset exchange to the ability to earn equity rewards and borrow cryptocurrencies.
Users can seamlessly spend cryptocurrency with the Guarda Visa card: Guarda offers a prepaid Visa card that allows cardholders to spend cryptocurrency anywhere Visa is accepted.
Top-notch security: Guarda Wallet is a non-custodial wallet and Guarda has implemented extensive measures to avoid security breaches that could result in the loss of funds.
Excellent Customer Support Service: Unlike most cryptocurrency wallet providers, Guarda has a responsive customer service team.
drawbacks
In-app cryptocurrency purchases are relatively expensive: there is a 5% purchase fee to buy crypto assets directly from Guarda Wallet using your card.
Guarda Wallet Crypto Wallet Fees
Users do not have to pay a fee to use the Platform's services. However, there are fees for specific operations:
Transfers: When transferring money between addresses within the same blockchain, the user only pays a network fee, which is charged by the blockchain network itself. Below is a complete guide to crypto network fees.
EXCHANGE: The exchange fee is determined by Guarda's exchange partner and is usually approximately 0.5% per transaction. in addition, the User will be required to pay network fees. These fees are included in the exchange rate displayed to the User.
Purchase of Cryptocurrencies: For Fiat to Cryptocurrency and Cryptocurrency to Fiat transactions, the fees are determined by Guarda's partners and range from 2% downwards of the value of the transaction, depending on the volume of the transaction.
What cryptocurrencies does Guarda Wallet support?
Guarda supports over 400,000 cryptocurrencies. In addition to mainstream tokens, Guarda supports the following tokens:
Expanse (EXP)
Aryacoin (AYA)
Bithereum (BTH)
Creamcoin (CRM)
Gulden (NLG)
Ravencoin (RVN)
Again, this is just a small sampling of the cryptocurrencies Guarda supports.
Guarda Wallet Crypto Wallet Loans
Guarda offers a crypto lending service that allows users to borrow stablecoins like USDT and other assets using their cryptocurrency holdings as collateral. The process is very quick, with loans typically processed within 15 minutes and collateral disbursed within an hour, depending on the speed of deposits and network conditions.
Loan rates range from 12% to 17%, providing borrowers with competitive rates and asset management flexibility. Users have the option of borrowing stablecoins or other supported cryptocurrencies such as BTC, ETH, DOGE, and more. Loans can be used for a variety of purposes, such as obtaining liquidity without selling assets or making purchases with stablecoin.Guarda is transparent by charging a service fee of only 10%.
Guarda Wallet Crypto Wallet Pledge
Users can pledge 14 crypto assets through Guarda Wallet. This includes tokens such as Ether, Caldano and Wavefield and several others.
Below is a complete list of tokens that can be pledged through Guarda:
Asset APY Applicable Platform Ethereum3% Network, Desktop, Mobile APPQtum6% Network, Desktop Tron3.58% Network, Desktop, Mobile APPCardano5% Network, Desktop Ontology23.49% Network, Desktop Harmony7.94% Network, Desktop, Mobile APPKusama14.3% Network, Desktop Cosmos10% Network, Desktop, Mobile APPTezos6% Network, Desktop, Mobile APPChangeNOW25% Network, Desktop Callisto8% Network, Desktop NEO Gas1% Network, Desktop, Mobile APPKomodo5% Network, DesktopZilliqa13.74% Network, Desktop, Mobile APP
Guarda Visa Card
Guarda offers a prepaid crypto card in both virtual and plastic formats. As a Visa-branded card, it is available globally, ensuring seamless transactions wherever users are. Upon activation, users receive a €20 reward.
With Guarda's prepaid Visa card, users can easily withdraw cash from ATMs around the world, making it easy to access funds at any time. In addition, Guarda ensures fast card delivery.
The card supports a wide range of cryptocurrencies, including popular options such as BTC, ETH, ADA, BCH, TRX, etc. Guarda's prepaid Visa card can be ordered and activated in select regions in Europe.
The fees for this card are listed below:
For users in the European Union, the initial top-up amount must be at least €10.
The cost of issuing a plastic payment card is €20.00, while the cost of issuing a virtual payment card is €15.00
A service fee of €3.00 per month per card is charged.
ATM balance enquiry (not applicable to virtual cards) is charged at €0.47.
ATM withdrawals (not applicable to virtual cards) are charged at €1.90 plus 2.5% of the transaction amount.
Successful POS transactions are subject to a fee of €0.20.
Funding of accounts via card-to-card transactions is subject to a fee of €0.99.
Foreign Exchange (FX) mark-up set at 2.5%
Card top-up transactions are charged at 1.5%
Cancellation fee of €25
In addition, certain restrictions are imposed on cards:
ATM withdrawals are limited to €500 per day and €2,500 per month.
The daily limit for other transactions is €2,500 and the monthly limit is €5,000.
Online transactions are also subject to a daily limit of €2,500 and a monthly limit of €5,000.
Guarda and hardware wallet x Ledger
Guarda and hardware wallet maker Ledger have teamed up to provide users with a solution for managing and protecting cryptocurrency assets.Ledger uses advanced encryption technology to protect private keys, ensuring that only the rightful owner can access and authorise transactions.
Guarda complements Ledger's security features with its user-friendly interface and extensive functionality. Through Guarda's platform, users can interact with their Ledger devices to view real-time balances, transaction history, and manage their cryptocurrency portfolios.
Guarda enables users to buy, exchange, send or pledge cryptocurrency directly from their Ledger hardware wallet. To connect a Ledger device to Guarda, users must use a browser with two-factor authentication enabled, such as Chrome, Firefox, or Opera.
Supported assets include:
Bitcoin
Ethereum
Binance Coin
Ethereum Classic
Litecoin
Callisto
concluding remarks
The Guarda Wallet crypto wallet is a versatile and secure solution for managing multiple cryptocurrencies. Through its non-custodial approach, users have full control over their funds, thus reducing the risks associated with centralised exchanges.
Guarda's partnership with Ledger further enhances security, while features such as pledging, crypto loans, and prepaid Visa cards provide additional flexibility and convenience. Despite some of the inherent drawbacks of a software wallet, Guarda's strong cryptographic algorithms and user-friendly interface make it a great choice for novices and seasoned crypto enthusiasts alike.
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