Steemit Crypto Academy- Blockchain Wallet- Chapter-4 || Guarda Wallet


Guarda wallet

The wallet that is designed to use in transferring, managing, storing, transfer and receive digital assets which have free ownership and custodial cryptocurrency wallet is called Guarda wallet. BTC, BSV<EC, MCR, XMR, ZEC, EOS, XRP, TLC, and DASH are also parts of the tokens that are currently used and supported by Guarda. For fast and reliable transactions, the exchange is used as an in-built currency for blockchain.

Bank cards are used to purchase the currencies within the blockchain wallet. And this makes it uneasy for personal data’s to be stored without the consent of the holder by the company ..
Simplex is a means on Guarda wallet which can be used to buy bitcoin and other forms of cryptocurrencies through wallets integration.


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How many coins do Guarda supports?

Guarda support over 25 coins among them is bitcoin which is a higher market value. Other coins are QTUM, COSMOS, RAVENCOIN, WAVES, ZCASH, NEM, TRON, BITCOIN CASH, MONERO, TEZOS DASH, BINANCE COIN, CARDANO, EHERUEM CLASSIC, and so on.

Ethereum seems to be the second in place after bitcoin which allows the availability to build applications and offer smart contracts.

How do I back up the seed or mnemonic key or private keys of the different coin in a multichain?

After signing in into your multichain wallet, a mnemonic key is being sent to users in other to complete the registration and signing in. After the mnemonic keys are being displayed. New users are asked to save their keys in either a cold wallet or on a sheet of paper because the keys will be needed to recognize such wallet addresses.
These keys are unencrypted and needed to be backed up safely, if possible the mnemonic keys got lost while it has not been backed up. Then such an account is rendered useless and the wallet company will be the one to take control of the wallet account.


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How do I re-import the existing multichain wallet in a fresh installation?

Before a re-import is made you must take note of the following;

Make sure your recovery phrase or mnemonic keys has been backed up the go to your settings on your trust wallet, in setting click on the wallet, and after that has been done tap on the three dots aside it. Click on display recovery keys or phrases to show your recovery phrases.

You need to make sure your recovery phrase has been printed out or copied on a piece of paper


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Your mobile apps need to be updated or if you are using a new mobile phone but in case you are using an outdated app
Then you update your mobile app and after that, you then delete your old wallet and this may cause it to be removed completely from your mobile device.

After the update has been made, you go to the corner of your newly updated wallet and click on the + sign to have access to the import screen, then click on the multi-coin wallet. You have to type correctly recovery phrase. After then you tap on the import.

If you have already copied your recovery phrase earlier, you just paste the words there or you can scan the QR code on the multi-coin wallets.

Once all this is done, then wallet import is done and your wallet is ready to use.


Comments 1


Thank you for attending the lecture in Steemit-Crypto-Academy & doing the homework task-4.

After signing in into your multichain wallet, a mnemonic key is being sent to users in other to complete the registration and signing in. After the mnemonic keys are being displayed. New users are asked to save their keys in either a cold wallet or on a sheet of paper because the keys will be needed to recognize such wallet addresses.

No, not at all. The type of key in Guarda wallet is completely different and it does not present you any seed key/Mnemonic ey.

Here the key is in TXT format, an encrypted copy of all the private keys of the coin. And t is a downloadable file.

How do I backup keys in Guarda Wallet?

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Further, the password set by you is also important. To unlock the asset you have to upload the backup file and the password. So always keep them in a safe place, preferably offline.

Make sure your recovery phrase or mnemonic keys has been backed up the go to your settings on your trust wallet, in setting click on the wallet, and after that has been done tap on the three dots aside it. Click on display recovery keys or phrases to show your recovery phrases.

It seems like you have not gained any experience with the Guarda wallet, I would request you to download and install the Guarda wallet of any version you are comfortable with and see how the backup file looks like. And this particular task is central to your own experience with a wallet, therefore you must include your own screenshots are necessary.

If you use the Guarda wallet, you will also get to know how different is the Backup file(key) in the Guarda wallet.

Also please cover all the sub-parts of an assignment, they are all inter-related.

Thank you.


Homework Task -4 successfully accomplished.
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08.03.2021 00:27
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