There are hundreds of cryptocurrency wallets in the market, but Guarda wallet is one of the most popular ones. If you do not know how this crypto wallet works or whether you should download it, we tell you all the details in this guide.
In this Guarda wallet review, we will go through the main characteristics of this wallet, how you can start using it and which are its main characteristics and features. Depending on the activities you want to perform in the crypto market, this wallet will be more or less useful.
What are Cryptocurrency Wallets?
Cryptocurrency wallets are either hardware devices or programs that make it possible for you to store, hold, receive and send virtual currencies. In some cases, crypto wallets have many other functionalities. For example, they could help you purchase virtual currencies, get access to decentralized finance (DeFi) solutions and also purchase NFTs.
These are just some of the examples of what a cryptocurrency wallet allows you to do. But there are many things that a crypto wallet lets you do. One of the most important things to take into consideration is that non-custodial crypto wallets allow you to be the owner of your digital assets.
Custodial wallets would be in charge of your private keys. Private keys give you control over your digital currencies. If you do not possess them, the wallet provider would control them. This is something you want to avoid if you really want to be the owner of your coins.
Furthermore, crypto wallets are a necessary part of your involvement in the crypto market. If you want to handle digital assets, you will need a crypto wallet at some point. In general, exchanges can work as custodial crypto wallets, but they are usually very restrictive with the things you can do with your virtual currencies.
Types of Cryptocurrency Wallets
There are different types of virtual currency wallets. As we mentioned before, the main distinction exists between hardware wallets and software wallets. The second distinction that we also find among cryptocurrency wallets is between hardware wallets and software wallets.
Hardware wallets are the most secure wallets in the cryptocurrency market. These are hardware devices that allow you to securely store your private keys without having to be worried about hackers or attackers.
The private keys held in hardware wallets do not have any contact with the internet. This is why it becomes safer for you to protect your coins using hardware wallets than software wallets. Despite that, hardware wallets are not free and they are not as easy to use as software wallets.
Some hardware wallets are cheaper and safer than others. This is why you should check which is the wallet that would meet all your needs.
Software wallets are the other type of crypto wallets that you can use to hold and store your virtual currencies. These wallets are not as safe as hardware wallets but some of them still allow you to be the owner of your private keys.
The main characteristic of software wallets is that they make it very easy for you to receive and send digital assets. Software wallets are usually user-friendly and they are portable. You can have a software wallet on your smartphone or on your desktop computer.
Usually, software wallets would be enough for you if you want to handle some digital assets on a regular basis. If you prefer to hold virtual currencies for the long term, then you should purchase a hardware wallet.
What is Guarda Wallet?
Now that we have information about cryptocurrency wallets, we can go to what Guarda wallet is, how it works and which are its main characteristics and features. Guarda wallet is a software and non-custodial cryptocurrency wallet that makes it possible for users to stake, exchange, earn and buy Bitcoin (BTC), Ethereum (ETH) thousands of other assets.
Everything can be done through the smartphone application available for Apple and Android users. Additionally, users that want to handle their virtual currencies using their computer can do so with the desktop Guarda wallet available for Windows, MacOS and Ubuntu.
The wallet has been operating for several years now and it became one of the largest in the crypto space. Users can download it and in just a few simple steps they can start managing their favourite crypto assets.
Guarda wallet has been collaborating with numerous foundations and communities. They have worked with Ethereum Classic (ETC), Binance (BNB), Zcash (ZEC) and Bitcoin Gold (BTG), among others. This shows that the team behind Guarda wallet is focused on offering some of the best solutions to its clients.
This wallet has many different features that we will share with you in the following sections. If you want to start using Guarda wallet, this would be one of the best choices right now in the crypto market.
Guarda Wallet Review
In this Guarda wallet review, we will take into consideration some of the most important questions that the crypto community has about this digital currency wallet. When choosing a wallet, there are some basic questions that we should always do in order to handle our funds.
Let’s not forget that we are responsible for our digital assets. We need to know how the wallet works and which are its main characteristics are in order to avoid possible problems when handling it in the future.
Guarda wallet is among the most recognized crypto wallets in the market and it has shown this over the last years. As we mentioned before, it has collaborated with a wide range of crypto projects and it continues to add new features for users on a regular basis.
If you were not decided about a software wallet, this is definitely one of the best choices you currently have in the crypto space. Instead, if you prefer a hardware wallet for your long term holdings, you can also use Guarda wallet to handle your day-to-day funds.
Is Guarda Wallet Safe?
Guarda wallet is a safe cryptocurrency wallet that has been operating in the cryptocurrency market for several years now. It offers legitimate software to thousands of users from all over the world. The project was released to the market in 2017 and, since then, it has been offering some of the best solutions to clients.
Considering that many different projects in the crypto market are working with Guarda, this shows that there is a lot of trust in this virtual currency wallet. Of course, you should also know that you must protect your virtual currencies from possible threats.
That means that you should avoid being caught by phishing emails, or download files from the internet without knowing what they are. This could infect your computer or mobile device and make the Guarda wallet not as safe as before. A malicious party could eventually get access to it and steal your crypto funds.
If you want to store large amounts of cryptocurrencies, the best thing to do is using a hardware wallet. These are even safer devices.
Is Guarda Wallet Custodial?
Guarda is a non-custodial virtual currency wallet. That means that you can handle your virtual currencies knowing that you are the owner of your assets. This is different from other exchanges and wallets that are custodial (they hold your private keys on your behalf).
The crypto market expanded as a place where individuals’ responsibility becomes the core philosophy. Without being the owner of your private keys, you allow other parties to control your funds and do what they want with them.
When you hold your private keys you can easily protect your coins. You can also move them to different wallets and eventually use another wallet. If you hold your private keys, you should be responsible for them.
How do I Use Guarda Wallet?
It is very easy to use Guarda wallet. The first thing you need to do to start using it is downloading the application to your smartphone or downloading the software to your desktop application.
This would allow you to get access to the main solutions and features of this wallet. Take into consideration that this is just the first step. Depending on the solution or feature you want to use, there will be different paths to follow.
The important thing is that we need to have the wallet already set up on our devices (smartphone or computer). Once we do this, the next step is to receive or buy cryptocurrencies. The wallet itself would guide you through all the steps to receive or buy digital currencies.
Remember that if you want to receive digital assets, you should make sure you give the right address. If you want to receive Bitcoin, you should give a BTC address to the sender. The same you should do if you want to receive Ethereum. You should give an ETH address.
Guarda Wallet Features
Let’s now focus on the many features offered by the Guarda wallet. As usual, with a cryptocurrency wallet, you can send and receive virtual currencies. This is the basic thing you can do. There are thousands of virtual currencies supported by Guarda, which makes it very comfortable and easy to use.
If you do not want to use a cryptocurrency exchange, you can also buy and sell crypto with your wallet. With as little as $50, you can start buying Bitcoin, Ethereum and more than 50 other different. This is one of the best features currently available as not everyone wants to use a crypto exchange to get access to virtual currencies.
Moreover, the system is very simple to use. You would be able to pay with Visa or Mastercard cards through the “Buy” section of the wallet. This is one of the easiest and fastest ways to buy Bitcoin and other virtual currencies right now.
Additionally, you will also have the possibility to exchange these coins. They have created an instant crypto exchange for 50 different coins that has some of the most attractive exchange rates in the market.
Finally, if you want to stake your virtual currencies, you can do so through the “Staking” option. Let’s say that you own Tezos (XTZ), you can deposit them on this wallet and you will be able to stake them and earn regular rewards on them.
Basically, this is one of the most advanced wallets in the cryptocurrency market and it has been operating for several years now. You can find all the cryptocurrencies in one single place and handle more than 400,000 tokens of leading protocols.
How can I Buy Bitcoin in Guarda Wallet?
As we mentioned before, Guarda wallet allows you to buy and sell virtual currencies through their integrated platform. But how can you buy Bitcoin in Guarda wallet? If you want to acquire Bitcoin, you should go to the “Buy” section and select the fiat currency you want to use.
For example, if you want to buy Bitcoin from Europe, you will select the Euro as the fiat currency to use (unless you are in another country without the Euro). Instead, if you are in the U.S. you would select US dollar.
The wallet would make reference to the cryptocurrency you want to buy. For example, Bitcoin. You simply select the Bitcoin cryptocurrency and the funds will appear in your wallet as soon as the transaction is confirmed.
You can buy a minimum of $50 USD in Bitcoin to a maximum of $20,000 USD in Bitcoin. But you can also select more than 50 different coins, meaning that you can also have a diversified portfolio without leaving your wallet’s comfort.
Final Words About Guarda Wallet
Guarda wallet is one of the most popular wallets in the market right now. You can use it to buy, store, send or receive virtual currencies from leading blockchain networks. At the same time, you can stake your coins and earn rewards on them.
All the features of Guarda wallet make this one of the most reliable, safe and useful wallets in the cryptocurrency market. Moreover, the wallet can be downloaded on a wide range of devices, making it more comfortable for users to handle their virtual currencies.
If you are planning to handle and use a large number of cryptocurrencies, then Guarda wallet could be the right option for you. Instead, if you prefer to hold digital assets for long periods of time, you should move to a hardware wallet.