Review on Bread Wallet by Temitope Babatunde
Bread Wallet Is Truly a Privacy Wallet.
Bread wallet was launched in 2015 in Zurich, Switzerland by Aaron Voisine and Adam Traidman. The wallet has its own coin called BRD, which is trading on some exchange now.
The wallet has so many features that makes it very appealing for whoever want to securely store his/her bitcoin, bitcoincash, ethereum and some erc20 tokens. Among the features are:
1. It adopted Simplified Payment Verification (SPV), which means when you want to send bitcoin you don't need to interact with any third party before your transaction can be done, instead you are sending your bitcoin to bitcoin network directly, this improves the security as well as limiting the period that required before your transaction can enter the network.
2. There is high level of privacy because the company does not even ask you to provide any information about yourself or to do any registration before using the wallet all you need to do is to download the app on to your ios or android phone iinstalled it, backup your phrase and create your pin.
3. The interface of the wallet is appealing and simple, at the homepage you will see all the features of the wallet and the information that will help you to understand it, so either you are newbie or experienced you can easeasily manipulate the wallet.
3. The interface of the wallet is appealing and simple, at the homepage you will see all the features of the wallet and the information that will help you to understand it, so either you are newbie or experienced you can easily manipulate it.
4. There is possibity to sell and buy bitcoin with some fiat currencies, but this goes with some fees.
So, if you are looking for a wallet with privacy and security you can try bread wallet.
Pros
- There is no third parties, it connects to bitcoin network directly.
- There is limited transaction delay
- No singnup or registration of any kind, so there is high privacy
- It is open source.
- You have absolute control on your wallet, you are the one who keep the seed phrase
- Lots of information on the homepage to help the users.
Cons
- It has no 2Factors authentication
- The transactions fee can be expensive at times
