Guarda Wallet

Guarda Wallet is a non-custodial hot wallet that supports multiple blockchain networks and is designed to store and transfer various crypto assets.

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About Guarda Wallet

Foundation	2017
Headquarters	Lisbon, Portugal
Founders	Paul Sokolov
Revenue	$2.4M per year
Products	Crypto wallets

Guarda Wallet, a multi-currency digital platform for storing, transferring and managing cryptocurrencies, was created by a group of enthusiasts led by Paul Sokolov in 2017. With four years of experience in the crypto industry, Sokolov began thinking about creating an easy-to-use, and most importantly, secure cryptocurrency storage platform. At that time, there were only difficult-to-use crypto accounts with the mandatory passing of various KYC-type checks. Sokolov's idea was to keep maximum privacy and make a simple product that would be suitable for both beginners and experienced players of the crypto industry. Guarda Wallet has become one of the pioneers of the hot crypto wallet industry.

To this day, the company adheres to the concept of complete privacy and does not store keys or other sensitive user information. The Guarda Wallet platform has come a long way from a simple wallet capable of storing and transferring one type of cryptocurrency to a multifunctional platform with support for multiple blockchain networks and usage platforms, as well as various features, such as token generation.

Products

The main product of the company is a hot wallet of the same name. It is a non-custodial open-source storage with a user-friendly interface and an increased level of security. The user can access the wallet via an extension in a browser, an app on a cell phone or a computer. Guarda Wallet allows quick token exchanges and transactions within the app itself. The main feature of the browser extension is access to dApps. In addition, Guarda Wallet has partnered with Ledger, a hardware wallet provider, since 2019. The Ledger Nano S device can be connected to Guarda's multi-currency web wallet for enhanced security.

Guarda Wallet web version

It is an easy non-custodial storage for cryptocurrencies. It supports the most popular coins and tokens. The user can purchase these within the wallet using a bank card. Other features of this wallet include: built-in exchange, viewing transaction history, buying fiat currencies, wallet backup, importing and exporting private keys, etc.

In order to create your wallet, you need to follow a few simple steps:

1. Go to https://guarda.com/app/.

2. Click on the "Create a new wallet" button. Create a strong password.

3. Be sure to write it down and only then click the "I wrote it down" button.

4. Download the backup copy. Remember that it must not be lost. Otherwise, you will lose access to your wallet forever.

Guarda Wallet mobile version

It is a handy and reliable app that saves the user from the inconvenience of using the web version of the wallet on their phone. Users can exchange currencies within the app and make quick cryptocurrency transactions. The app houses all the same features as the web version. Data is synchronized across multiple devices in case a backup is needed.

Installing the app does not take much time. You need to:

1. Go to your smartphone's app store: App Store (iOS) or Google Play (Android).

2. Find the Guarda Wallet app and download it.

3. Log in to the app using the account you've already created. The convenience of Guarda Wallet is that the wallet synchronizes with the mobile, computer, and web versions. If you don't have an account, follow the same steps above.

4. Don't forget to set up Touch ID or Face ID authentication for increased security.

Guarda Wallet application for PC

It is no different from the web version of the wallet. Here you can also store, receive, send, buy and exchange cryptocurrencies within the wallet. This wallet provides security and anonymity of all transactions. If you already have an account, you can easily synchronize all your devices. To install the wallet on your computer, you need to:

1. Go to https://guarda.com/desktop/ and download the application for your desired operating system.

2. Install the file and then open the application.

3. If you are creating a new account, click "Create a new wallet".

4. Create a password and be sure to write it out, then click "I wrote it down".

5. Guarda Wallet will create wallets for all the blockchain networks it supports.

6. The app will ask you to upload a wallet backup file.

Shielded Guarda wallet

Guarda started its collaboration with the Zcash Foundation after receiving a grant from this organization. In 2019, the developers created a new non-custodial open-source wallet called Shielded Guarda. Its main feature is that it supports both t- and z-addresses.

Shielded Guarda is a single-currency solution, becoming the very first mobile wallet fully dedicated to private ZEC transactions.

Token Generator

A new feature from the Guarda developers that allows anyone to create fully secure ERC-20 tokens. Creation takes only three simple steps. New tokens are guaranteed to be supported by Guarda Wallet.

Guarda Wallet security features

Guarda Wallet is a hot wallet, but the developers have tried to make it as secure as possible. They have offered non-custodial storage, which means the user's important data is not stored with third-party providers, but only with the user themselves. Thus, even if the servers are hacked, the funds will be safe. In addition, the wallet securely encrypts backups and stores it on the user's device. There is a TouchID and FaceID login to access the mobile app.

As a company, Guarda is a fully legitimate organization that complies with EU law and is licensed by the FIU.

Nevertheless, the complete security of this wallet cannot be claimed. Earlier cases of hacking have been reported.

Supported Coins

Guarda Wallet supports more than 40 blockchain networks, including Bitcoin and Ethereum, as well as about 400,000 different crypto coins. The list of coins offered is constantly expanding: the developers follow the latest market trends.

EU citizens have the opportunity to pay with a Guarda Visa card.

Pros and cons of Guarda Wallet

Pros:

Non-custodial storage.
Support for hardware wallets.
Ability to buy cryptocurrency with fiat.
Variety of blockchain networks and assets.
Ability to make any transactions within the wallet.
High level of customer support service.

Cons:

Relatively high price for commission on transactions within the wallet.
Limited support for hardware wallets.

Investment

It is unknown whether the company has had funding rounds and who backed it. However, Guarda received a grant from the Zcash Foundation, which it used to create a new Shielded Guarda product.