BRD Wallet information
Description
BRD Wallet is a decentralized multi-wallet with apps for Android and iOS. Over 110 coins and tokens based on Ethereum (ERC20 tokens) are supported. Via the partners changelly, Coinify, simplex and wyre, various functions such as purchasing via credit card and trading between different crypto currencies are made possible directly in the app. The wallet is primarily characterized by a very well thought-out and easy-to-use interface and excellent support.
About the company
The company Breadwinner AG, registered in Zürich, is behind BRD Wallet. The company was founded in 2015 by Aaron Voisine and Adam Traidman and has over 30 employees in 7 countries. The management team consists of Adam Traidman (CEO), Aaron Voisine (SCA), Samuel Sutch (CTO), Adam Zadikoff (COO) and Spencer Chen (CMO).
Usability
The app available for Android and iOS manages to arrange the various functions and information very clearly and intuitively. The app is also very beginner-friendly due to the many small explanatory texts for multi-level functions such as the direct purchase of crypto currencies. The small amounts of additional information remain discreet enough not to disturb more experienced users. An additional feature is the possibility of displaying only selected wallets on the main screen and of keeping them functional and clear in this way.
Fees
The fees for buying and selling via the BRD Wallet depend on the payment service partner selected. Credit card payments incur additional credit card fees, but direct bank transfers are also possible. Since the fees can fluctuate, the up-to-date figures are always displayed before confirming a purchase or sale. There are no fees for sending and receiving coins or tokens.
Questions & answers
We have summarized the most important questions and answers about this provider for you and tried to answer them.
- In which languages is the app available?
- What is the BRD token?
- How secure is the wallet?
- How difficult is it to set up the BRD wallet?
- Is the BRD wallet reputable?
In which languages is the app available?
The BRD Wallet App is available in 14 languages. These include German, English, French, Japanese, Chinese, Italian and Swedish.
What is the BRD token?
The BRD token is the utility token from Bread Wallet. Depending on how many BRD tokens you hold in your wallet, you can enjoy different bonuses and perks. These include, for example, a reduction in trading fees, telephone support, free Ethereum transactions or - from 100,000 BRD - even a callback from the Bread Wallet CEO. Further bonuses are planned.
How secure is the wallet?
Due to the decentralization of the BRD Wallet - all assets are stored on the respective blockchain - you basically have your own private keys. As with all software wallets, the security of the app depends heavily on the security of the smartphone on which it is installed. In order to prevent or at least make more difficult access to the private keys of other apps or malware, a PIN is set when the BRD Wallet is set up with which the data is stored in encrypted form. A point of criticism here would be that the maximum PIN length is 6-digits is possible and the selection is also limited to numbers. We find this a shame in view of the otherwise excellent application. As an alternative to a PIN, your fingerprint can be used for authentication. If you also want to convince yourself of the security of the technical implementation, you will find the code on Github.
How difficult is it to set up the BRD wallet?
Setting up the app is quick and easy. After installation via the respective app store, a pin is set for app access and the 12-digit seed phrase is displayed as a backup code. Here you can see that the function and importance of the seed phrase is also briefly explained for new users or beginners. In the wallet's menu, there is the option to scan a QR code for transactions, view the bonuses and rewards associated with the BRD token, contact support and - if you are in the USA - to have displayed a card with a crypto machine. The display currency can be set in the settings and various fine adjustments can be made to Bitcoin and Bitcoin Cash. The use of SegWit is also possible.
Is the BRD wallet reputable?
A few points support the trustworthiness of BRD Wallet. The company behind the app is registered in Switzerland, the CEO Adam Traidman and some employees and members of the management team are familiar faces in the crypto sector. The integration of the official payment service partners changelly and Coinify also makes a good impression. The excellent Support center and the transparent display of fees round off the good impression.