Review on Bread Wallet by Olugbenga Ajayi
It is a safe wallet
The wallet was founded by AAron Voisine and Adram Traidman. It was founded to provide a wallet that will be able to store bitcoin and exchange it with other cryptocurrency and tokens although until now it can only exchange with ethereum and BCH and some eec-20 token.
It use multiple technologies to protect user assets from hackers namely:
1. It does not store asset on servers
2. It uses Touch ID.
3 Use User pin
4 AES hardware encryption
5. Code signatures
Despite all these, it will be better if 2 factor authentication can be includes.
It is also necessary to note that the wallet originally support iPhone IOS but not it equally supports Android.
Pros
- It is an easy to use wallet with clear interface that user can navigate
- It has wide adoption
- It secure user asset with multiple measures like touch ID, six digit integration
- Use of simplified payment verification (SPV)
- It is easy to sign up without needing to supply user profile
- User has his asset places in his control
Cons
- It does not have 2 factor authentication
- Transaction fee is not fixed, this can cause unfair charges
