Review on Bread Wallet by Sergio Daniel Delgado
The Pan wallet, recommended for transactions Daily
This is a mobile cryptocurrency wallet available for Android and iOS as a free download. Personal information remains under your control as the wallet does not no personal information to download or configure. Users can import existing wallets, or can create a new one. If a new wallet is created, you will receive a 12 word mnemonic opening phrase that can be used later to restore your wallet if something happens to your mobile device. The private keys generated by the wallet only stay on your device, so you won't have to worry about Bread get hacked and lose your coins.
The user interface for the Bread wallet is easy to use, with clear options for sending and receiving coins. In some countries, you will also have the ability to buy Bitcoin directly from the wallet.
The wallet allows you to choose how fast you want your transaction to go by offering "normal" and "cheap" network rates. Regular rates typically see confirmed transactions within 1 hour, while cheap rates can see transactions take up to 24 hours to confirm.
Pros
- The bread wallet is good for daily transactions and frequent coin movement.
- The pan wallet has a safe and easy to use interface
- It has a mobile application for Android and iOS
Cons
- The bread wallet is not an ideal choice for long-term storage of large amounts of Bitcoin or other compatible alternative currencies because it is a hot wallet. That means you are always connected to the Internet, making you more vulnerable to attack.
