What do you know about Guarda wallet

[Maliceprime]

Friends on Reddit are saying Guarda wallet is the best on mobile, how true is this because I can't find information if its open or closed source, I knew I will find real facts on this forum that's why I bring this question to you.

[dkbit98]

Friends on Reddit are saying Guarda wallet is the best on mobile, how true is this because I can't find information if its open or closed source, I knew I will find real facts on this forum that's why I bring this question to you.

I tested Guarda wallet while ago but only their desktop wallet, and I have to say that I was not impressed at all.
They used old format for bitcoin addresses, and having no support for segwit in 2022 is bad decision in my opinion.
I checked their github page and they are closed source wallet, having only partial stuff released in open source, so I would not suggest anyone to use it.
If you want open source alternative mobile wallet for multiple cryptocurrencies you can try testing unstoppable.money, that has some nice privacy features.
If you want to use wallet only for Bitcoin you should use Bluewallet or Electrum.

[OmegaStarScream]

Apparently not. It used to be but they archived the repository: https://github.com/guardaco/guarda-android-wallets

In addition to what has been mentioned above, if you're going to be holding a significant amount that consists of multiple cryptocurrencies and not just bitcoin, then it's probably best if you invest in a hardware wallet.

[Dean2]

From this medium article they say they are partially open source ,they do this to protect their "intellectual property".

You can check their open source component here..

[The Cryptovator]

Second that is written by OmegaStarScream. If you are wondering to use a wallet for Bitcoin then Electrum would be ideal. If you are wondering to use a multi-coin wallet then the better option is a hardware wallet. Because TrustWallet or Safpal wallet isn't open source ad far as I know. So I won't vouch for them. I am using Ledger, so I would like to vouch for that or any other hardware wallet. I am not familiar with Guarda wallet anyway.

[sheenshane]

Guarda wallet and Coinomi wallets seem the same to me, they offer an exchange feature to their wallet, I don't know either but it seems this wallet is a close source wallet.  This kind of multi-wallet maybe have a huge fee in swapping your coins which are not recommended, just used as suggested above if you store Bitcoin alone use Electrum.

But I saw an article that the hardware wallet + Guarda wallet is the best tandem.
Read this.
https://www.ledger.com/guarda-wallet

[logfiles]

Friends on Reddit are saying Guarda wallet is the best on mobile,

It's not the best mobile wallet, lol.

I can't find information if its open or closed source, I knew I will find real facts on this forum that's why I bring this question to you.

1. It's not open source, period. All the excuses they give saying they are partially open source are meant to fool you.

2. The wallet is not good as it does not segwit wallet format

3. I don't like its wallet backup format... it's an encrypted code instead of seeds used by so many wallets

4. or you have to back up each and every private key of each address. Very tiring.

5. No change addresses. Not good for privacy.

[libert19]

Just read 1 star reviews on playstore, wouldn't bother with it, 5 star reviews look dubious to me.

[pakhitheboss]

Guarda wallet and Coinomi wallets seem the same to me, they offer an exchange feature to their wallet, I don't know either but it seems this wallet is a close source wallet.  This kind of multi-wallet maybe have a huge fee in swapping your coins which are not recommended, just used as suggested above if you store Bitcoin alone use Electrum.

Change now is providing the exchange service and therefore the fees are high. They also provide the same service on Atomic wallet. Most multi cryptocurrency wallet are closed source and the same is applicable for guarda too. The only thing I liked about this wallet is that it is very light and has a simple user interface.

[Rikafip]

Just read 1 star reviews on playstore, wouldn't bother with it, 5 star reviews look dubious to me.

While Guarda's 4.8 PlayStore rating is suspiciously high, the tactic of checking 1 star reviews can be misleading as well. Take Electrum for example; you can find 1 star reviews in which people accuse Electrum of stealing their seed and other similar nonsense, while in reality they probably installed fake Electrum or got some malware on their mobile phones. I would say, avoid both 1 star and 5 star reviews and PlayStore generally when it comes to downloading mobile phone wallet and stick to the official website.

[5W-KILO]

I don't like Guarda wallet because it feels like a centralized crypto wallet, the interface and design are so bad and rough, there are better options out there than Guarda wallet, Math wallet, Bread wallet, Exodus wallet and a few others but I just want to hear what others think, thanks for all the replies.