The Bread wallet is a mobile wallet for Bitcoin and Bitcoin Cash. The wallet was established in 2015. It is available on both Android and iOS. Users are in control of their private key. The wallet only supports Bitcoin and Bitcoin Cash which makes it somewhat limited when compared to competitors. The wallet connects directly to the Bitcoin network. This ensures that Bread does not see any sensitive information and users are at no risk of the servers going down or being hacked.
The wallet is hierarchical deterministic. The code is open-source. It does not have multi-signature optionality. There is also no option for users to enable two-factor authentication.
The wallet has a very straightforward user interface which makes it easy and intuitive for beginners to use. However, it also has features which offer security to more advanced users. Bread has recently expanded their services from being a wallet to also being a decentralized platform for cryptocurrency users. They raised money for the expansion via an ICO. The native token of the ICO, BRD, provides users of the Bread decentralized platform with certain rewards such as discounts on services. Overall, Bread has good reviews as a wallet but is limited in its functionality and the building of the decentralized platform may take resources away from the wallet. The support help has been noted to be good.
- Users are in control of their private keys
- Connects directly to the Bitcoin network
- Hierarchical deterministic
- Easy to use
- Support has been noted to be good
- No multi-signature functionality
- No option to enable two-factor authentication
- Only supports Bitcoin and Bitcoin Cash