The Bread cryptocurrency wallet, known earlier as Breadwallet, is a free application for storing, sending, and receiving BTC tokens. The wallet was developed by the Bread company based in Zurich, Switzerland. This venture-backed firm has users in more than 150 countries all over the world.
In general, this wallet is believed to be very easy to use and convenient, which makes it a good choice for people who don’t have much experience in cryptocurrencies.
The wallet is compatible with Android and iOS.
The Bread wallet doesn’t require any private information from its users, as registration isn't needed here. Apart from this, it doesn’t track users’ activity. However, the wallet cooperates with third parties, and some of them ask for some personal data for their services. It is up to a user to decide whether to do this or not, but one should know that this won’t have any impact on the basic features of the wallet.
The personal information that the wallet gets through the customer support service is also confidential. The company promises that it won't be shared with third parties without permission under any circumstances.
- Hierarchical Deterministic standard. It means that a wallet uses new addresses for every incoming money operation. This measure increases the level of privacy and security. However, old addresses stay active.
- QR code verification. It is one of the safety measures to increase the security level.
- Paper key. It is also well-known as a 12-word recovery key. During the process of creating a new wallet, a user gets 12 randomly generated words. It is necessary to write down these words and keep them safe. They can be used to recover the wallet. The private key is not stored in the wallet, so a user has to take care of this information.
- No 2FA. The wallet doesn’t offer the 2-factor authentication.
This mobile application version of the cryptocurrency wallet is believed to be one of the easiest and convenient.
The Breadwallet application is free to use. However, each BTC transaction requires a standard fee.