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Guarda Wallet for Beginners

CoinTikka – Adding Spice to your Wealth

Did you know that you can keep a single web/mobile wallet with multiple cryptocurrencies, tokens, or other assets? One that is safe, trusted, has great exchange facilities, and a clean user interface. Guarda Wallet, which commenced its operations in 2017, as the first cryptocurrency wallet, has all these benefits and includes top cryptocurrencies like Bitcoin […]

The post Guarda Wallet for Beginners appeared first on CoinTikka.

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Did you know that you can keep a single web/mobile wallet with multiple cryptocurrencies, tokens, or other assets? One that is safe, trusted, has great exchange facilities, and a clean user interface.

Guarda Wallet, which commenced its operations in 2017, as the first cryptocurrency wallet, has all these benefits and includes top cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), etc.

It also supports tokens like Elrond (ERD), Unification (UND), etc. Guarda Wallet’s website may be visited to buy, sell, exchange any cryptocurrency across the world.

In line with the above, Guarda is building a safe ecosystem for blockchain transactions to operate. It is an open-source wallet and is easy to use. Further, as it is non-custodial, Guarda does not save user information and does not have any access to a user’s funds.

This makes them the most advanced wallet for cryptocurrencies and other assets. The users are time and again requested to maintain a backup.

For this purpose, an auto-download feature is available to store the backup with their wallet information on their desktop. You can use it in your phone and other compatible devices you have.

However, there can be many questions in the user’s head that if Guarda is unable to restore their wallet and keep it safe, then why should one use it?

This is because Guarda has given the freedom to its users to use the blockchain system and deal with it on their own. Hence, be careful while sending your funds because once it’s sent, no one can restore it for you on the blockchain. Nevertheless, for a safer ecosystem, Guarda Wallet is all you need.

Steps to Install web wallet:

To get started with your web wallet experience, follow these steps:

Guarda wallet web

  • Firstly, you need to go to the website guarda.com. After signing in, you can either create a new wallet or restore/import secret passwords/private keys from external wallets.
  • The user doesn’t need to create an account with Guarda. They allow the users to manage their cryptocurrencies on their own.
  • Download your backup file (a text file) as it is important for you to keep all the keys/passwords with you safe from prying eyes. You will be directed to your dashboard as soon as all your wallets are created or imported.
  • To continue, you can choose from the top currencies and tokens from the portfolio provided on your dashboard. It also supports ledger wallets. You can connect your ledger and use the functionalities of Guarda.
  • You can check the prices of different currencies in the respective rates against USD with a real-time graph showing yearly/monthly/weekly updates of the same.
  • To send currency to someone, you just need to choose the coin you want to send, enter the receiver’s address (encrypted or human-readable), and type in the required available amount from your wallet.

They have advance features for fees to be given to select the priority to your transaction (Satoshi per byte is a unit for measuring transaction priority).

Now you might ask,

Guarda wallet for android:

Guarda wallet portfolio

It is amazing that you can also use Guarda Wallet on your android phones by downloading the same from Google Playstore. You can use your backup file to use the same wallet on your mobile and trade wherever you want.

The mobile application makes it easier to use. Mobile Multi wallet is a perfectly balanced blend of speed, safety, and performance.

How to receive cryptocurrency?

To receive cryptocurrency from someone you can give the respective wallet address and public key (depends on the cryptocurrency you want to receive) or can share the QR code that the sender can use to send you currency.

Guarda wallet Receive

Staking Cryptocurrencies:

Besides the above features, Guarda also provides staking rewards based on held cryptocurrencies. Staking is a process in which a user participates in transaction validation on a Proof of Stake Blockchain.

Guarda wallet allows the staking of the following POS coins

  1. Callisto – 8.34%
  2. Cosmos – 2.09%
  3. EOS – 1.73%
  4. Neo – 2.16% 
  5. Tezos – 6.10%

The fee for Tezos is 11.30 XTZ  and for all the others it is a variable fee.

Other than this, Guarda wallet enables users to even monetize the cryptocurrency they hold through debit or credit card facilities, which are secured through Simplex. It is the most trusted fintech corporation for cryptocurrency trading.

Exchange Cryptocurrencies:

Guarda wallet exchange

The wallet comes with a build-in exchange using which you can exchange one cryptocurrency to another. For example, you can exchange Bitcoin with Ethereum, you can exchange a minimum of 0.0002 satoshis. The minimum exchange amount is applicable for all cryptocurrencies listed in the wallet.

Benefits of using Guarda wallet:

  1. Store a variety of cryptocurrencies at one place.
  2. Pocket exchange inside the app.
  3. Encrypted backup.
  4. Instant transfers.
  5. The user is in charge.
  6. No registration required.
  7. No KYC required.

With the idea of security and smooth functioning, it uses the FIO protocol. It is decentralized and integrated into wallets and exchanges service that allows you to get your own human-readable identifier/address for most of your assets.

The FIO themselves called it an e-mail ID for your cryptocurrencies and the FIO address is a human-readable identifier to which you can link your crypto wallets to Guarda and use it to send and receive transactions. This address has a username and domain that you can choose yourself.

Conditions for the FIO domain:

Creating an address is paid. The address is given to you for a year after which, you need to pay the address annually. You can have only one wallet of a specific blockchain linked to your FIO address. However, you can change the address at any time.

After creating your FIO address, you can make about 100 transactions without paying a fee. After this package ends, you need to pay for the address again or alternatively, pay for each transaction.

Conclusion

Cryptocurrency is referred to as virtual gold and this wallet helps you buy, sell, exchange, earn, and even monetize cryptocurrency with the norms, regulations, and rules within the operating countries of Guarda.

This Guarda Wallet review might have helped you know a bit about the trading of coins and about the most secure and best cryptocurrency wallet.

One that is easy to set up and fast to use. Users who have used it have learned by using it regularly and realized that this is a no-go-back journey.

I hope you liked this review if you still have doubts, feel free to comment down and we will help you out, as soon as possible.

In the meant time you can also follow us on the following social media platform where we posting daily interesting news and facts about the cryptocurrency market. We are available on the following

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Source: https://cointikka.com/guarda-wallet/

Blockchain

MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC

MicroStrategy Bitcoin

Rate this post Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury. Michael Saylor Announces New Bitcoin Purchase For MicroStrategy Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets. In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500.  As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance.  Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000.  MicroStrategy Raised $500M to Procure Its Current BTC Investment Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million.  Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin. Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

The post MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury.

Michael Saylor Announces New Bitcoin Purchase For MicroStrategy

Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets.

In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500. 

As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance. 

Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000. 

MicroStrategy Raised $500M to Procure Its Current BTC Investment

Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million. 

Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin.

Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

READ  MicroStrategy’s Bitcoin Stack Up: Brilliant Moves or Risk?

#Bitcoin #CEO Michael Saylor #MicroStrategy #MicroStrategy BTC Investment

Source: https://www.cryptoknowmics.com/news/microstrategy-acquires-more-bitcoin-holds-more-than-105000-btc/

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Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Local exchanges in Thailand had been given a deadline until July 11 to submit their new rules for listing tokens that complies with the new guidelines from the Thailand Securities and Exchange Commission (SEC).

“The Securities and Exchange Commission (SEC) Board has approved the new rules that prohibit digital asset exchanges from providing services in relation to utility tokens and certain types of cryptocurrencies. The rules also specify that the exchanges set a requirement to be imposed in the event that digital tokens issued by their own exchange or related persons are listed on the exchange. In this regard, the token issuer who fails to comply with the white paper and relevant rules in substance could risk having such tokens delisted from the exchange. This new regulatory guideline aims to enhance protection of digital asset traders’ interest.”

The Thai SEC also added that listing rules prohibits local exchanges from providing services that have these following characteristics:

(1) Meme Token – having or no clear objective or substance or underlying, and whose price runs on social media trends.

(2) Fan token: tokenized by the fame of influencers.

(3) Non-Fungible Token (NFT): a digital creation to declare ownership or grant of right in an object or specific right. It is unique and not interchangeable with digital tokens of the same category and type at the equal amount.

(4) Digital tokens which are utilized in blockchain transactions and issued by digital asset exchanges or related persons.

Along with this move is their previous announcement of regulating Decentralize Finance (DeFi) projects in the country, including the issuance of digital tokens.

In the previous announcement, liquidity provider tokens, governance tokens, or tokens issued to those transacting in DeFi projects “must be licensed and must abide by the specified rules”.

The new regulation stipulates crypto exchanges, digital-asset brokerages, digital asset-dealers, private fund managers and investment advisors must be licensed by the Ministry of Finance.

Thai SEC states that, “For traders, it is best to study the DeFi project before getting involved in both technical and security aspects.” They also added that traders “should check whether the service provider is a digital-asset business that is licensed and regulated by the SEC or other regulatory agencies under law.”

This article is published on BitPinas: Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Source: https://bitpinas.com/regulation/thailand-sec-ban-meme-tokens/

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After Bitcoin U-Turn, Nigeria Plans To Launch Central Bank Currency This Year

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According to Reuters, the Central Bank of Nigeria (CBN) plans to launch a digital currency pilot as soon as the end of this year.

Last month, the CBN Governor, Godwin Emefiele, made a U-turn on Bitcoin and other cryptocurrencies by saying he will “allow” them. Previously, the CBN had sought to restrict the cryptocurrency sector by imposing regulatory sanctions on monetary businesses that serviced cryptocurrency exchanges.

In a turn of fortunes, it now looks as though Nigerian officials are embracing blockchain technology. All the same, in what may well turn into a showdown between private and public cryptocurrencies in the future, arguments against central bank offerings remain as pertinent as ever.

The Nigerian Central Bank Digital Currency Has Been Years In The Making

Despite Nigeria’s purported aversion to fintech, it’s emerged that the central bank has been working on a digital currency for the past two years.

The CBN Director of Information Technology, Rakiya Mohammed, echoed what many other countries have mentioned in the past. That is, Nigeria will not be left behind in the technological revolution.

“We’re all aware that about 80% of central banks in the world exploring the possibility of issuing central bank digital currency, and Nigeria cannot be left behind.”

One of the reasons given for the CBN’s previous anti-Bitcoin position was a need to protect its citizens. In 2018, the CBN said that there is no legal redress if things go wrong in an unregulated market. There was also the usual spiel of links to illicit activity such as money laundering and terrorist financing.

Mohammed sells the idea of a central bank digital currency on it bringing financial inclusion and having the backing of the Nigerian government.

“If you have a central bank digital currency that is backed by the government, then people can make transactions online without fear of any default.”

Is This The End For Privacy?

As previously mentioned by billionaire investor Ray Dalio, governments will do all they can to maintain monopoly control of their money, even if that means outlawing the competition.

“every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing, because things can get out of control.”

Anthony Pompliano rubbished this idea saying governments cannot ban Bitcoin. But he concedes that a scenario of coordinated global action could make life difficult for Bitcoin users.

And as cryptocurrencies continue to make their mark in the world of finance, regulators and policymakers may soon be forced to show their hand on the matter.

Unlike private cryptocurrencies, which operate on decentralized networks, central bank digital currencies would be issued and controlled by a central bank. This enables them, and by extension national governments, to track every transaction in their economies.

Liberal commentators view this situation as a significant blow to privacy. What’s more, as noted with several U.K banks refusing crypto transactions recently, central digital currencies have the potential to bring about a dystopian future in which transactions deemed “against the state” also get refused.

Source: https://bitcoinist.com/after-bitcoin-u-turn-nigeria-plans-to-launch-central-bank-currency-this-year/?utm_source=rss&utm_medium=rss&utm_campaign=after-bitcoin-u-turn-nigeria-plans-to-launch-central-bank-currency-this-year

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