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185 Karma

Review on Bread Wallet by Alex Martakov

Revainrating 4 out of 5

In conclusion, Breadwallet is perfect for everyday use as a means of making…

In conclusion, Breadwallet is perfect for everyday use as a means of making quick small transactions. As a wallet for long-term storage of large amounts Breadwallet is not suitable due to lack of security.



Pros
  • 1. Convenience 2. Full control of funds 3. Simplified transaction verification 4. Open source 5. Control of the Commission 6. SEED-phrase 7. Russian language support Breadwallet is downloaded and configured "in seconds". Registration in the system is not required, you only need to remember the PIN and save THE seed-phrase. The application itself takes up little memory, works very quickly, and the speed of transactions is increased with the help of a specialized SPV-mode. The interface is intuitive, Russian language support makes it easy to understand the functionality of the application. Also pleased with the ability to manually set the Commission and simplified verification of transactions in the bitcoin network. The wallet stores private keys on the user's device and is a separate client, so you do not need to trust third parties to make transfers. The lack of login / password simplifies access to the wallet, but reduces its security, since the PIN consists of only 6 characters. Breadwallet does not support two-factor authentication and multi-signature, which also reduces the reliability of the application. The ability to unlock the wallet only with a fingerprint also does not inspire confidence. The presence of SEED-phrase from a set of words that allows you to restore access to the wallet in case of loss of the file with the wallet and pin code is a significant plus. The environment of iOS and Android operating systems is more secure than the OS for PC. Open source code increases the credibility of the program and allows programmers to make changes to it if they wish.
Cons
  • 1. The lack of multipurpose 2. No two-factor authentication 3. You cannot create a new bitcoin address for each transaction 4. There is no support for proxy servers

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