Electrum vs Guarda
Electrum has the higher grade on both axes: Safety 8.5 against 5.4, and Privacy 8.6 against 3.7.
Electrum
Long-established open-source Bitcoin wallet with Lightning support
Privacy
8.6/ 10
Excellent
Safety
8.5/ 10
Excellent
ID never required KYC 0 Docs reviewed Full review →
Guarda
Closed-source multi-chain wallet with Monero support whose terms reserve the right to verify users
Privacy
3.7/ 10
Poor
Safety
5.4/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| Electrum | Guarda | |
|---|---|---|
| Category | Wallets | Wallets |
| KYC policy | ID never required | ID on risk flag |
| Custody | Non Custodial | Non Custodial |
| Sign-up | No account needed | No account needed |
| Open source | Yes | No |
| Tor onion address | No | No |
| Coins | BTC | BTC, XMR, ETH, SOL, USDT, TON |
| Pay with | Not published | Crypto, Monero, Card, Bank transfer, PayPal |
| Founded | 2011 | 2017 |
| Jurisdiction | Germany | British Virgin Islands / Portugal |
| Not available in | Not published | Jurisdictions sanctioned under EU legislation or on FATF lists, and any jurisdiction the company chooses to prohibit |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Electrum
No email neededNo phone neededAccepts LightningOpen source5+ years operating
Both
No registrationNon-custodialLegal entity disclosed
Only Guarda
Accepts MoneroClosed sourceThird-party liquidityMay request ID
Where they sit among wallets
Questions
Is Electrum or Guarda safer?
Electrum has the higher Safety grade: Electrum 8.5, Guarda 5.4, out of 10.
Does Electrum or Guarda require KYC?
Electrum is KYC level 0 (ID never required). Guarda is KYC level 3 (ID on risk flag).
Which has more incidents on record?
Electrum has 0 and Guarda has 0 documented incidents in the registry.