Review on Bread Wallet by Othere Obtentus
SImple and easy to use wallet with great features
Bread wallet is a free mobile cryptocurrency wallet available for both android and IOS. I like Bread wallet because it does not require any personal information to operate.
The interface of Bread wallet is very easy to use and explore with clear options to send and receive assets. In supported countries, you can even buy Bitcoin directly from the wallet.
Bread wallet provides two options for fees according to the speed of transactions. With normal fees, the transactions will be confirmed within an hour and with lower economy fees, the transaction will be confirmed within a day.
Since it is a hot wallet, it is not ideal for long term holding of large amount of digital assets due to security risks but can be very useful for regular recurring transactions.
Bread wallet also has its own BRD token which is very similar to Binance coin (BNB). These BRD token like BNB can be used to get discounts on services provided by Bread wallet.
Pros
- Users have control over their funds with this decentralized platform
- Accounts are easy to recover with the provided seed phrase
- Transparent transactions
- A simple and easy to use interface
- Additional features like multiple fees options and discounts
Cons
- Lacks multi-signature feature
- Only available for mobile devices
- Medium level security
