Guarda Review: Guarding Your Crypto Assets at a Cost

What many users regard as a safe crypto technological solution for also buying, exchanging and staking crypto may not entirely be a licensed service. While software development doesn’t require a financial services license, some other of the website activities certainly do.

What client reviews teach us and what services brought by these firms can we rely on really is discussed in the following Guarda review.

Company Information

Innovative yet comprehensive crypto infrastructure solutions in the form of mobile and web apps were brought by a Portuguese company called GUARDACO LDA. This firm has been operational for about three years, having been registered in 2021.

The company itself has been incorporated in Lisbon, with “design and development of computer programs and applications for web and mobile” as their line of work. Such a conduct doesn’t need a particular license that financial services providers do. Software development companies have been consistently successful during the last years, as the LiveTrader app also proves.

Unlicensed Partner Company

The partner firm that provides the services of virtual currency exchange obviously doesn’t have a license. GUARDARIAN OÜ is an Estonian entity registered in 2017. On guarda.com, it is mentioned that this company owns a license under the number of FVT000200. 

However, according to the Estonian database, that license for providing virtual currency services has expired in 2023. The company owned another license for providing services of exchanging a virtual currency against a fiat currency acquired in 2018, but that one has also expired. 

Everything about this firm seems off. Their field of operation is information and communication, with computer programming activities being their main area of activity. How are they an exchange then?!

Marketing Campaign

Being present on social networks today is the key to successful marketing. This firm knows that very well apparently, considering they’re present on X (formerly Twitter) with more than 35 thousand followers. 

The Guarda Reddit board also has about 3 thousand members. The company also has a channel on YouTube, Telegram, Github and Medium, while their Facebook and LinkedIn pages no longer exist. That is somewhat strange, considering that every major corporation keeps their profiles on these social media.

User Reviews

Guarda reviews found on Trustpilot make for an average rating of about 3.6, not 4.6 as the company website advertises. Furthermore, it’s quite suspicious seeing almost two thousand reviews on one site without a single rating given on any other popular review site, like Sitejabber, 99Consumer and Reviews.io.

Besides suspicions about review selling networks involvement, we can’t deny the fact that the majority of the complaints are related to exorbitant fees and assets disappearing.

App Compatibility and Download Options

There is a large variety of different crypto wallet types, each with their inherent pros and cons. This one can be classified as a lightweight, non-custodial, hot wallet.

As such, the Guarda web wallet needs to be constantly connected to the internet when used, and requires a specialized app to run its functions. It is regarded as having an easy to use interface, coupled with a relatively small installation size.

The solution itself boasts compatibility with different platforms and operating systems. This covers versions for Windows, MacOS, as well as Unix based systems, particularly Debian and Ubuntu. All of these may be downloaded directly from the developer’s website.

Wallet is also compatible for tablets and phones alike. Depending on your preferred mobile device, you will find the app on GooglePlay, AppStore and AppGallery. In combination with reliable trading tools such as QuantumTrading, users have solid chances to increase their capital.

Buying Crypto and Costs

The simple and user-friendly design of the Guarda app for web used to buy digital currency can have even beginners using it without any issues. 

After you’ve imputed relevant information as well as the amounts, the transaction can be processed. Average time spent for completing a purchase ranges between 5 minutes to half an hour, depending on the network itself.

According to the website information, there’s more than 300 crypto assets available for purchase. Fiat-to-crypto and crypto-to-fiat purchases are pricier than on other terminals and start from 2%,while there’s also reports about 4.5% to 5% fees for in-app purchases of crypto via cards.

Exchange Services and Fees

One of the biggest advantages of the exchange terminal is its purported ease of access, considering the fact that clients do not need a registration, complete KYC or other elements that require time. This is yet another quite simple and comprehensive app that doesn’t require any guidance or manual to be used. 

Guarda price of exchange services include 0.5% commission rate per transaction. There’s also the network commission that clients pay, but all the fees are already included in the exchange rate.

Crypto Staking

Passive income has always attracted crypto enthusiasts and investors that wish to support the blockchain but also earn while at it. Staking means to pledge your assets for a prolonged period of time and get rewarded for it with a percentage of return which is usually calculated on a yearly basis (APY).

The website offers this option for the coins available in your Guarda wallet. However, the return rate is different per each coin. For example, ETH yearly returns are set at some 3%, QTUM at ~6%, ZIL at ~13.74% and NOW at ~25% return rate.

Range of Supported Assets

The wallet is compatible with an impressive range of Guarda crypto coins. These include more than 50 of the most popular coins, including BTC, ETH, SHIB, XRP, XMR, SOL and of course ZEC for which the wallet was originally developed.

All of the assets may be purveyed from and sent to more than 40 different blockchains for maximum flexibility. The crypto tokens support is where this wallet excels the most, with 400,000 supported assets of this type.

Prop Trading: a New Perspective

You’re probably wondering, is Guarda safe at all?. Although the service itself seems promising and with a lot of features to offer, we can’t forget the fact that the exchange services aren’t licensed. Moreover, the average rating on Trustpilot isn’t great and user reviews also heavily accentuate the prices being way above the competition’s.

Therefore, we recommend you think twice before using this service. In the meantime, we’d like to propose funded trading. Without having to risk your own capital, you will get a chance to significantly increase your life savings. Contact us for more information!

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