MultiversX (EGLD) Wallet

Frequently Asked Questions About MultiversX Wallet

What is a MultiversX wallet?

A MultiversX wallet is a digital tool that lets you store, send, and receive MultiversX. It manages your private keys and gives you access to your funds on the blockchain. With a secure wallet, you stay in full control of your crypto assets.

Is Guarda a non-custodial wallet?

Yes, Guarda is a non-custodial wallet, meaning you fully control your private keys and funds. No third party has access to your assets. This ensures higher security and full ownership of your cryptocurrency.

How do I create a MultiversX wallet in Guarda?

Open Guarda Wallet on web, desktop, or mobile and click "Create Wallet" ("+" button in the "Wallets" tab). Then select MultiversX and add a wallet for that asset. You'll be able to send, receive, and manage your MultiversX with full control over your funds.

Can I buy MultiversX directly in Guarda?

Yes, you can buy MultiversX directly in Guarda using various payment methods. Simply enter the amount, choose your preferred option, and complete the purchase. Your crypto will be sent directly to your wallet.

What platforms is Guarda available on?

Guarda Wallet is available on web, desktop, browser extension, and mobile apps for iOS and Android. This wide availability allows you to manage your crypto anytime, anywhere. All versions are designed to provide a seamless, secure, and user-friendly experience across devices.

How secure is Guarda Wallet?

Guarda Wallet is designed with strong security in mind. As a non-custodial wallet, it ensures only you have access to your private keys. Additional security practices help protect your funds from unauthorized access.

Can I store multiple cryptocurrencies in Guarda?

Yes, Guarda supports thousands of cryptocurrencies in one wallet. You can easily manage, send, and receive multiple assets in a single interface. This makes it convenient for diversifying your portfolio.

What is a seed phrase and why do I need it?

A seed phrase (also called a mnemonic or recovery phrase) is a sequence of 12 words generated by a crypto wallet. It acts as a master key that can restore access to your wallet and all associated private keys if you lose your device or access.

In Guarda, a seed phrase may be used for certain wallets, while your main recovery method is a backup file and private keys. Together, these tools ensure you can regain access to your funds at any time. It's essential to store your seed phrase or backup securely and never share it, as anyone with access to it can control your cryptocurrency.

Can I recover my wallet if I lose my device?

Yes, you can recover your wallet if you lose your device. In Guarda, you can restore access using your backup file and password, private keys, or a seed (mnemonic) phrase for supported wallets. As long as you keep this information safe, you will always be able to regain access to your funds.

Does Guarda support MultiversX staking?

Guarda supports staking for selected cryptocurrencies directly within the wallet. Users can stake assets like ETH, ADA, TRX, XTZ, ATOM, ONT, ONE, and more via Guarda's staking platform and earn rewards based on network yields. If MultiversX supports staking, you'll see the option in your wallet's Earn / Staking section when holding the asset.