Bread Review

The Power Of Bitcoin At Your Fingertips

Bitcoin is a digital money that eliminates the common problems associated with the world’s banking system such as high bank fees, poor customer service, and restricted banking hours. It makes sending any amount of money to any person anywhere in the world and at any time possible.  However, bitcoin and other cryptocurrencies are complicated to use. With Bread, using bitcoin is a breeze. Thus, the mobile bitcoin wallet solution enables users to make bitcoin transactions with ease, connecting them directly to the bitcoin network where they no longer have to be frustrated with high bank fees, banking hours, or poor customer service.

Mobile Bitcoin Wallet

With Bread, users don’t need to create any account, username, or password. This is because they simply need a wallet where they will store their money. This mobile bitcoin wallet is just like a physical wallet where they put their cash in. However, this bitcoin wallet is only accessible online and only stores digital money. The Bread mobile bitcoin wallet gives users the ability save their money independently and the freedom to decide what they want to do with it. They can create their first wallet by selecting the “Create New Wallet.”

Critically Important Paper Key

As users create a new wallet through the Bread or BRD app, it generates a list of 12 words which are randomly provided by the app. This list of words is called “Paper Key.” Paper Key is one of Bread’s security features. It used primarily to restore access to a wallet. Because users can only store their wallets on their mobile phones, a paper key is very important.

For instance, when a mobile phone is lost, destroyed, or stolen, they can use a paper key so they can access again the wallet on a new phone. It is highly recommended that they write every word in the list on a piece of paper, and store the paper in a secure location. In addition, they can use a paper key when they want to reset their wallet’s PIN or when their phone is updated.

Send And Receive Bitcoins

In order to send and receive bitcoins through Bread, the bitcoin address of the recipient is needed. The recipient can give his or her bitcoin address to the sender by presenting a QR code where the address is stored, sharing it via email or text message, or pasting it to a website or another app.

Then, the sender needs to enter the recipient’s bitcoin address. Depending on how the sender received the address, there are different ways to enter the bitcoin address. One way is by scanning the QR code if the sender received a QR code. In case the sender received the address via email or text message, he or she can copy and paste it. Lastly, the address can be manually entered after tapping the “To” label. This can be applied when the sender obtained the bitcoin address in another way.

“Request An Amount” Feature

There is a very interesting feature in Bread which helps senders ensure that they are sending the correct amount of money to their recipients. This feature is called the “Request An Amount.” When recipients use the “Request An Amount” screen, they can specify the amount of money they are expecting to receive. Whatever amount they enter will be included in the QR code. As the sender scans the QR code, the app automatically enters the amount to be sent. This way, the sender doesn’t have to enter the amount manually, and at the same time, mistakes are avoided when it comes to sending a specific amount of money.