If you value security and the ability to buy, trade, store, and earn a wide range of digital currencies, Guarda Wallet should be among your considerations. Guarda Wallet is an open source, multiplatform, noncustodial software wallet. This Guarda Wallet review breaks down exactly what it offers its users, as well as how it compares to similar wallets.
Ratings Methodology
Guarda Wallet
Blockchain Support
50-plus blockchains and thousands of digital assets
Compatability
OS, Android, desktop, Chrome extension
Storage Type
Hot wallet but hardware compatible
Price
Free; high fees
High marks for security, utility, and customer service makes this a solid noncustodial wallet option
- Highly secure
- Attentive customer service
- Supports many coins
- High functionality
- High in-app crypto purchase fees
- User interface could use some improvement
Full Guarda Wallet review
This wallet is a good fit for: Crypto users with a wide variety of tokens looking to keep their assets usable, accessible, and secure.
What is Guarda Wallet?
Guarda Wallet was first launched in 2017, and it's designed to be an extremely secure, "all-in-one" wallet. Guarda Wallet is a noncustodial, open source wallet with a big emphasis on privacy and security. It offers access to over 400,000 digital assets and over 50 blockchains on both mobile and desktop devices. Although it is a hot wallet, Guarda is hardware compatible should you desire more security. It also includes a wide range of earning and trading opportunities, such as staking and crypto-backed loans, right within the wallet.
Guarda Wallet is an excellent cryptocurrency software wallet for both beginners and experienced crypto investors who value security, a user-friendly design, and the ability to manage all their crypto assets in one place.
Top perks
Security
More and more, people are wanting the right to privacy and security of their own assets, and Guarda helps provide this. Guarda Wallet is noncustodial, which means you do not have to provide personal information to use it, and your private keys won't be stored on the company's server, which reduces the threat of being hacked. Only you hold your private keys, and only you can recover them, which is why it is suggested to have a backup file stored on several devices.
Functionality
Guarda Wallet is primed to be a one-stop wallet for most crypto enthusiasts' needs. It supports over 50 blockchains. So, unless you are a collector of old or exotic coins, you can likely find the ones you are looking for in Guarda Wallet. Once you find them, you can buy, trade, and store your digital currencies, all right there within the wallet.
You also have the chance to earn interest on your holdings via staking. Many of the coins that have the opt-in for staking are available within the platform. So there's no need to go to a different trading platform, making it a good option if you're looking to have a high amount of function in one place.
Read more: Best Cryptocurrency Apps and Exchanges
Customer service
Guarda Wallet offers excellent customer support, including short tickets, email, and live chat. And they are responsive to these services, making it relatively easy to get your questions answered and issues resolved. Entering the crypto world can be daunting, and having support available is a valuable comfort.
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What could be improved
High fees
The main complaint you will hear of Guarda Wallet is about the high in-app crypto purchase fees. The standard fee is 5.5% for crypto purchase, but Guarda features customizable transaction fees. So, if you don't mind waiting longer for a transaction, you can pay less. Alternatively, you can pay a higher fee to speed up your transaction. It also includes the option to buy coins with your credit card, which has additional fees. There's also a Bitcoin mining fee -- at the time of this writing, that fee could go as high as $15.
User interface
Overall, the user interface is quite good. It's clean and straightforward, and it has a dark-mode option on desktop. The one thing that's lacking is that it doesn't display the full portfolio in a visual motif (such as a pinwheel or graph). That is a relatively small detail, but it does leave something to be desired when you want a clear visual display of all of your assets.
Alternatives to consider
If you want to store some more exotic coins: You may want to consider Coinomi. Coinomi is similar to Guarda Wallet in its privacy and security features. But, because it was launched in 2014, it is one of the oldest wallets out there and has one of the largest selections of cryptocurrency available. Coinomi has a clean and easy-to-use interface. It also features built-in exchanges, deFi support, cold staking, and NFT support.
If you want a more direct trade-to-wallet experience: Coinbase Wallet provides traders with Coinbase account a seamless way to buy, trade, and sell their crypto (although you don't have to have a Coinbase account to use this wallet). Coinbase Wallet is a self-custody wallet that also provides support for NFTs right in the wallet. With industry-leading security, users can store their crypto assets confidently within this trusted platform.
Looking for wallets specific to storing your NFTs? Check out our list of the best NFT wallets.
What cryptocurrencies does Guarda Wallet support?
Guarda Wallet supports more than 50 blockchains and more than 400,000 digital assets.
A few of the many coins it supports include:
- Bitcoin
- Ethereum
- Binance Coin
- Dogecoin
- Cardano
Essentially, most coins you see in the top 200 on exchanges, you will find in Guarda Wallet. It also supports ERC-20 tokens, BEP-2, Tron tokens (TRC10 and TRC20), and more.
Learn more: Types of Cryptocurrency
Guarda Wallet fees
Guarda Wallet is free to get and use, but it does have some high fees once you get in. The standard fee is 5.5% for crypto purchase, and it has customizable transaction fees. So, if you don't mind waiting longer for a transaction, you can pay less. Alternatively, you can pay a higher fee to speed up your transaction. It also includes the option to buy coins with your credit card, which is appealing to some, but Guarda charges for this convenience. There's also a Bitcoin mining fee, and when we checked, it could go as high as $15.
Is Guarda Wallet safe to use?
Guarda Wallet is a highly secure wallet. You do not need to give personal information to create a wallet, or to deposit or withdraw funds. It will never ask for your private info, nor does it store your private keys on its servers. Because of this, no one can deanonymize you, and it makes it extremely difficult to be hacked. Guarda is a noncustodial wallet, so you are completely responsible and in control of your funds. This makes it a solid option to store and exchange your crypto assets.
Learn more: How to Safely Store Cryptocurrency
Guarda Wallet is right for you if:
If you are looking to have multi-coin holdings in a secure wallet, Guarda Wallet should be a top consideration, whether you're a new or seasoned crypto investor. It's designed to be a one-stop-shop for managing all of your crypto assets -- a software wallet that allows you to buy, sell, trade, store, and earn digital currencies, all with peace of mind, anonymity, and security.
