Bread Wallet wallet review

Bread Wallet
Very basic Ease of use,  High Privacy,  User Private Keys Stored

Bread Wallet is ideal for beginners and uses a simple and clean interface. It builds on the security already available on smartphones to secure your funds. By giving users their own paper wallet and and allowing them to connect directly to the network themselves it also gives the user some control over their own funds.

Breadapp is developing it's functionality by opening partnerships. It's partnership with Glidera allows US users to connect their wallet to a bank account and buy and sell Bitcoins directly from their wallet app. Consumers can also buy Bitcoins using cash payments through LibertyX. These services are for American customers only.

Company / organization behind the wallets

BreadWallet was founded in 2015 by Adam Traidman and Aaron Voisine. The company has established its headquarters in Switzerland and reached a total investment of $7 million USD. They believe in the value of financial freedom and independence, and want to empower people across the globe by leveraging the possibilities bitcoin provides.

Crypto Currencies Support

Traditional Currency Support

  • US Dollar (USD)

Language Support

  • Chinese
  • Danish
  • Dutch
  • English
  • French
  • German
  • Italian
  • Japanese
  • Korean
  • Portuguese
  • Russian
  • Spanish
  • Swedish

Supported Systems

  • Android
  • iOS

Partners and integrated software

  • Glidera
  • LibertyX

Breadapp allows user complete control over their private keys which makes it a much more secure platform then most. Private keys are encrypted on the users mobile device. Although this is hot storage many industry leaders believe it is quite safe because mobile apps are more isolated then desktop apps.

Summary:

Security
Low
2 Factor Authentication
Yes
Multi-Signature
No
Private Keys Stored On
User
Storage Type
Hot storage
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

Breadapp is designed for beginners and it's very easy to use. It does not require any personal information and set up is instant. There are widespread problems with the software freezing, transactions getting stuck, even funds being lost. There does not seem to be any malicious intent from bread wallet but users should be aware that only about 50% of customers are happy with this app.

Summary:

Breadwallet is an easy to use Bitcoin wallet, great for Americans who can even use it to buy and sell. Unfortunately there still seem to be various glitches in the system as the reviews are mixed at best. We recommend waiting until they have worked through their various customer service issues before using this wallet.

Ease of use
Very basic
Suitable For
Account activation process
Simple
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using bank account
  • Withdrawal funds to bank account
  • Buy bitcoin using cash or ATM *US only

Breadapp is developing it's functionality by opening partnerships. It's partnership with Glidera allows US users to connect their wallet to a bank account and buy and sell Bitcoins directly from their wallet app. Consumers can also buy Bitcoins using cash payments through LibertyX. These services are for American customers only.

The wallet platform has developed a partnership with a 3rd party and integrated the 3rd party services into their software

Help and support:

  • FAQ section
  • Email

Most common customer complaint:

lost funds and slow sync, No web or desktop interface, lacks features