Review on Bread Wallet by Fanuel PORPORTY
What is Bread Wallet?
Bread wallet, which previously went by the name Breadwallet, is a product of Bread Company. The Switzerland-based company launched the wallet in 2015 as a mobile app.
From its humble beginnings in Zurich, the wallet has grown to have a user base of over 2 million in more than 170 countries. The wallet has a keen focus on user privacy and does not require any personal information during setup.
It sports a clear user interface and in some countries, even allows users to buy Bitcoin directly from the app. Users also get to choose how fast they want transactions to go through by setting their own transaction fees.
Unlike a majority of wallets, Bread does not use a central server. Rather, it connects to Bitcoin and other blockchains directly.
Pros
- Hierarchical deterministic wallet
- Convenient access on mobile platforms
- Does not require registration or signup during setup
- Connects directly to various blockchain networks
Cons
- Unregulated
- Hot wallet therefore vulnerable to cyber attacks
- Limited functionality as a mobile-only wallet
