Secure Wallet for ERC-20 Tokens on Web, Desktop, Mobile and Chrome Extension Platforms
Get the best Ethereum-based token experience on Guarda – a leading provider of non-custodial storages with built-in exchanges and purchases supporting ERC-20 and over 10,000 other tokens of 45+ major blockchains.Get started
Wallet for ERC-20
Guarda Wallet is a multicurrency non-custodial light wallet. We support the most popular coins and tokens, and ERC-20 tokens are among them (along with BEP-2 tokens, Ethereum, Ripple, Monero, Litecoin, etc.). It is easy to use: you don’t even need to create an account and you can feel secure since we don’t store any user’s personal data. Guarda was designed as an interface where clients can manage, store, transfer and receive coins and tokens.
Create web wallet and store any ERC-20 tokens
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What are ERC-20 Tokens?
The ERC-20 is neither a form of technology nor a type of software nor a unique piece of code. Then what? It’s rather a technical specification that a new token on the platform implements. ERC-20 was proposed in 2015 by Fabian Vogelsteller (an Ethereum developer and author of many open-source projects including Ethereum’s Mist browser and the Ethereum Wallet) together with Vitalik Buterin (a co-founder of Ethereum and Bitcoin Magazine) as a technical standard for smart contracts on the Ethereum blockchain for implementing tokens. ERC in the title is an acronym for Ethereum Request for Comment, and 20 is the number that was assigned to the standard. The token standard refers to the rules that apply to every ERC-20 token on the Ethereum network and by which every token interacts with others on the network. There is a simple interface that allows the creation of tokens on Ethereum that can be re-used by other applications, from wallets to decentralized exchanges.
Working Principle of Ethereum-based Tokens
The use of ERC-20 token standard means that all tokens run the protocol function in the same way. This explains why it is possible to create a token exchange system that involves a vast amount of tokens. The new tokens are secured and their execution is managed by the embedded ERC-20 smart contracts that distribute them on the Ethereum network. A smart contract is a program that has a code which runs a set of conditions and agreements. When all of the conditions are met, the program automatically executes the contract. Smart contracts help us exchange money in a transparent and decentralized manner. They also remove the need for middlemen in transactions.
ERC-20 Tokens and ICOs
The innovative idea of Vogelsteller and Buterin spurred a new era of tokenized investment and crowd ownership since the ERC-20 token standard became popular with crowdfunding companies working on ICO cases. A crypto ICO (Initial Coin Offering) is a way for companies to raise capital and develop projects around decentralized applications. Its closest analogy is an IPO (Initial Public Offering) on a financial market, though there’s a number of significant differences. Due to the simplicity of deployment, together with its potential for interoperability with other Ethereum token standards, ERC-20 became a commonly used one between 2016 and 2018. Among the most successful ERC-20 token sales are EOS, TRON, Tezos and Filecoin, raising more than $200 million dollars each.
Benefits of ERC-20 Standard
The newly launched tokens do not interfere with the existing projects on the network because the projects on the system and the new tokens are designed to be compatible. Most developers on the Ethereum network try to adhere to the standard rules meaning that most of the initial coin offerings launched on the network are ERC-20 compliant. Hence, the use of ERC-20 makes tokenization less risky. It brings uniformity to the network, reduces the complexity of token interaction and enhances token liquidity. Mind that Ethereum's native token, Ether, does not conform to the ERC-20 standard. To enable the ability to use ether on platforms requiring ERC-20 compliance, users can convert Ether to a "wrapped" token, commonly known as "WETH".
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Create ERC-20 Token Wallet
You can start managing your ERC-20 tokens on Guarda in just a few clicks. Our Web ETH Wallet is a perfect cryptocurrency storage for day-to-day use, for it has all the features that a crypto hodler might need: a high level of security, fast transactions, purchases with a bank card and easy, registration-free exchanges. In here, we will describe how to get the Web ETH Wallet on Guarda:
- Click “Create Wallet” on the Guarda Wallet official website
- Once you click it, you’ll be redirected to the welcome screen – choose to create a new wallet once again there
- Make up a secure password for your ETH wallet by following the tips from our crypto wallet password guide
- Download your backup file and keep it safe, away from the public eye (remember that Guarda won’t be able to restore it in case of loss since our wallet is non-custodial and it doesn’t keep your password, backup, private keys or any other personal data)
- Congratulations! Your ETH wallet is all set up! Enjoy managing your ERC-20 tokens with Guarda friendly interface.
ERC-20 Mobile Wallet
The possibility of managing tokenized assets easily and smoothly from a smartphone or a tablet is extremely important for lots and lots of cryptocurrency enthusiasts from all over the world. Hence, the Guarda team created handy mobile wallets for Android and iOS so that you could access your account from any device connected to the Internet. As you already know, ERC-20 token standard is compatible with the wallets supporting Ethereum. On Guarda, you can store, receive, send, buy (i.a. with fiat money), sell and exchange ERC-20 tokens with the help of Guarda ETH Mobile Wallet. Unlike many competitors in the non-custodial niche, the wallet has an understandable friendly interface allowing its users to perform all kinds of operations with coins and tokens without any unnecessary steps and extra actions.
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