Guarda Wallet Review: Best Light Wallet?

Guarda Wallet is intended to be an all-in-one, non-custodial storage solution for those who are interested in storing a variety of different crypto assets. The Guarda Wallet can be accessed from any device, and it allows users to trade between different cryptocurrencies within the software interface. Users can even purchase Bitcoin and other cryptocurrencies with traditional fiat currency via the wallet’s integration with Simplex. Guarda offers services for nearly every aspect of the cryptocurrency ecosystem, including the ability to create one’s own ERC-20 tokens.

Guarda Wallet Overview

Guarda Wallet logo

Guarda

  • Integration with Ledger hardware wallets
  • Ability to trade between cryptocurrencies within the wallet interface
  • Support for 45 cryptocurrencies and 10,000 tokens
  • Available on any computing platforms
  • Ability to create your own ERC-20 token
The Benefits PRO's
  • Can use Ledger hardware wallets with the Guarda Wallet
  • Ability to trade between different coins and tokens from within the wallet software
  • Ability to buy more cryptocurrency with dollars or euros from within the app
  • Store all of your different crypto assets in one wallet
The Downside CON's
  • Guarda Wallet is a light wallet, which means users are not running full nodes with this software
  • The fees associated with purchasing cryptocurrency via the Simplex integration are higher than other available options
  • No support for TREZOR or KeepKey hardware wallets

Guarda at a Glance

Wallet type: Light wallet
Platforms supported: Windows, MacOS, Linux, Android, iOS
Price: Free
Cryptocurrencies supported: 42+
Size of app: Depends on platform
Released: 2017
Pin code protected: Yes
Frequency of updates: Medium
Trust Rating: Medium

Best Features

Guarda Wallet’s best feature is the amount of different cryptocurrencies and crypto tokens that are supported by the platform. Their main goal with their crypto wallet offering is to support as many different crypto assets as possible. This way, their users are able to store all of their crypto holdings in one piece of software.

The integration with Ledger devices also allows users to make sure that all of their crypto assets are stored in an extremely secure manner, where the private keys associated with their crypto holdings cannot be accessed by a hacker from a remote location.

Finally, the ability to purchase more cryptocurrency via the wallet and even trade between different crypto coins makes this wallet a one-stop-shop for all of a user’s cryptocurrency activites.

 

What Cryptocurrencies are Supported?

Guarda Wallet contains support for 45 different blockchains and the tokens that are issued on those blockchains. Additionally, Guarda Wallet currently supports more than 10,000 different crypto tokens that have been issued by various projects over the years. If there is a crypto asset you want to own, then there’s a high probability that their wallet supports it.

Here are some of the more popular cryptocurrencies supported by Guarda Wallet:

  1. Bitcoin
  2. Bitcoin Cash
  3. Litecoin
  4. Binance Coin
  5. Ripple
  6. Tezos
  7. Dash
  8. Cosmos
  9. Ethereum
  10. Decred
  11. Dogecoin
  12. Monero
  13. Zcash
  14. NEO
  15. Ethereum Classic

Guarda Wallet Coins Available

 

Is Guarda Wallet Safe?

There are two main areas of security to think about when it comes to the Guarda Wallet.

First, the fact that you can use your Ledger devices with Guarda Wallet is a big win for security. Your private keys will not be stored by Guarda Wallet or even your own computer, which means it becomes much more difficult for an attacker to gain access to your cryptocurrency funds.

On the other hand, Guarda Wallet is a light wallet, which means your computer is not fully verifying that all of the rules of the various cryptocurrency networks supported by the wallet. In other words, you aren’t really using cryptocurrency in the trust-less manner that it was originally intended.

 

Supported Operating Systems

The availability of Guarda Wallet via the web means that it can be used on any device that has a web browser. However, there are also various versions of the wallet that can be downloaded on any desktop or mobile computing environment. There is also a Chrome extension that will integrate your wallet with your web browser.

Potential Dealbreakers

Guarda Wallet is a pretty well-rounded option for any cryptocurrency enthusiast, so it can be difficult to find dealbreakers that would make this a poor option for a particular user.

Having said that, those of you who are mostly focused on Bitcoin rather than a large variety of different altcoins will probably want to look somewhere else. The large amount of support for altcoins in this wallet can be cumbersome if you’re someone who just wants to store their Bitcoin. And if you’re someone who is only interested in Bitcoin, then you may as well run a full node that will also allow you to enjoy other Bitcoin-focused features such as CoinJoin and the Lightning Network.

The only other potential problem to think about when it comes to Guarda Wallet is hardware wallets. If you have a TREZOR or KeepKey device, then you will need to use different software because these hardware wallets are not supported by Guarda Wallet.

Guarda Wallet Frequently Asked Questions

About the Author

Kyle Torpey

Kyle Torpey

Kyle is the creator of https://thecryptofeed.net and has been writing about Bitcoin since 2014. He's interested in the use of Bitcoin as digital gold and means of censorship-resistant transaction, in addition to issues related to online privacy.