iOS, Version 4.7
Welcome to this guide on safely setting up Breadwallet (BRD). As of 2022, BRD Wallet has been acquired by Coinbase, and all development of BRD has been halted. To learn about Coinbase Wallet, please visit our iOSguide.
This guide is focused on iOS; also, check out our Android guide.
BRD is a simple and secure cryptocurrency wallet for mobile phones. By the end of 2020, nearly 5 million users in over 170 countries trust BRD to protect $6B in a variety of digital currencies. From BRD, you can safely and securely buy, exchange, and sell bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), and ERC20 tokens.
2. Download and install
- From your mobile device, open the 'App Store' and search for 'BRD Wallet' or click this link: BRD Bitcoin Wallet, BTC, Ether on the App Store to download.
- Trust, but verify. When using any cryptocurrency wallet, it is important to make sure you are downloading the correct version. Check the store listing for the following info:
- The `Version` number and the `Updated on` date will change as the app is updated over time. The important part to verify is the `Offered by` field.
Version: 4.7 as of January 11, 2021
Offered by: breadwallet LLC
Remember the phrase trust, but verify. Taking the extra step to verify can prevent loss of funds. Trust, but verify is an important concept in having a security mindset.
3. Create and setup
You can think of your seed phrase as a master backup of all your cryptocurrency in this wallet. It will unlock every single address created by your wallet. Backing up the seed phrase ensures access to your wallet using any BIP-39 compliant wallet. It is important to highlight, your seed phrase only ensures you will have access to your cryptocurrency inside your wallet. If someone steals your phrase, you will still be able to access the wallet, but the funds may be gone - since whoever knows your seed phrase can spend all of that cryptocurrency.
When creating a new BRD Wallet, the default method is to create your wallet and seed phrase within the app. The more advanced method is to generate your own seed phrase. We created detailed guides on generating your own seed phrase.By following the right directions, you can generate a seed phrase that is more secure than the default method used by wallets.
A quick overview of steps:
Open the app
To create a brand new wallet, you will take the "Get started" option, this will take you through steps to generate a seed or recovery phrase - before you click, read 'How to generate a seed phrase' for use in your wallet" so that you know all your options for starting a new wallet.
- If you have a seed or recovery phrase already, then click on "Restore Wallet" - this will take you through steps to initialize BRD Wallet with your Recovery phrase.
- If you already have a 12 word/24-word seed phrase in your Vault12 App that you would like to use with BRD Wallet, you can retrieve it by opening your vault and requesting an unlock from your Guardians.
If you already have a pre-generated seed phrase, proceed to Section 6. Initialize or import seed phrase.
Create a New Wallet in BRD Wallet
In this section, you are going to create a new wallet in the BRD app using the wallet's default approach.
- Open the app and click the "Get Started" button
- Set PIN. BRD requires that you have a PIN to unlock access to your wallet.
WARNING: Your PIN cannot be recovered. If you need to reset your PIN, you will need to recover your wallet using a backup of your seed phrase. So take care to remember your PIN.
We do not recommend the PIN 12345 - even if it is the combination of your luggage.
WARNING: Many wallets including BRD wallet will ask you to verify your seed phrase in subsequent steps, to accomplish this you will need to have your seed phrase in front of you, and will ask you to write down your seed phrase on a piece of paper before proceeding. Many people will be tempted to take a screenshot of the seed phrase (good wallets will warn you about this), this is a big no-no and opens you up to substantial risk, here are steps for mitigating that risk.
- Click the continue button to view each word in the Private Recovery phrase. You will be asked to write down each word and will be asked to verify randomly chosen words.
- Now that you have successfully generated your seed phrase, you'll want to back it up as outlined in the next section: Section 5 Securely back up your seed phrase.
4. Verify your recovery phrase
At this point, you will have a fully functioning cryptocurrency wallet that is able to store, send, and receive cryptocurrency. Before you put funds in your wallet, you need to create a backup and then verify your recovery phrase.
The process of backing up involves displaying your recovery phrase, backing it up, and then verifying that you have the correct phrase. To create a robust back up see Section 5. Securely back up your recovery phrase.
WARNING: When you follow the steps to find your seed phrase, you will be writing the seed phrase on a piece of paper. It is very important that you back up the seed phrase on a more reliable medium, and then destroy that piece of paper. Paper is vulnerable to accidental loss, theft, and damage. It is not the safest method of backing up your seed phrase.
You will now be asked to input random words from your recovery phrase in sequence. Once you have submitted and assuming there weren't any errors your wallet will be verified.
Before you put funds in your wallet, you need to create a safe backup of your seed phrase. Your seed phrase is the only way to restore access to your funds if you lose access to your wallet. You are now ready to proceed to Section 5. Securely back up your seed phrase.
Recommended Action: After you securely back up your seed phrase, it is important to destroy the paper you temporarily wrote your seed phase on.
If you used Vault12 to generate your seed phrase, your seed phrase is already securely backed up in your digital vault.
Your seed phrase is the master key to all of your cryptocurrency funds. BRD Wallet uses BIP39, which is the current industry best practice for generating seed phrases. The majority of modern wallets today use BIP39. This means your BRD seed phrase can be used to access your funds using any other wallet without knowing your BRD pin code or other security credentials.
Securely backing up your seed phrase is the most important step in creating a new wallet. To emphasize how important this is, consider how someone with your seed phrase could access your funds without you knowing.
Imagine a bad actor has your seed phrase, and you have your BRD Wallet locked down with 2FA, IP address whitelisting, blocked tor access, and all the other security features. The attacker could simply open any wallet application, and import your seed phrase. The attacker now has access to all of your funds.
We want you to have a secure backup, so this never happens to you.
Nine out of ten wallet providers only mention one way to backup your seed phrase - by writing the seed phrase on paper. Wallet providers only mention this paper backup method because it is easy for beginners to do. Paper backups are simply not that secure.
We did extensive research and compiled the best ways to backup your seed phrase. We cover all the most well-known options, including next-generation options like how to back up your seed phrase in Vault12.
Once you have safely backed up your seed phrase, you can initialize your wallet using any BIP39 compatible wallet. In the next section, you will learn how you can initialize a BRD wallet using your seed phrase.
6. Initialize or import recovery phrase
If you are following this guide from the beginning, and you created your wallet using the default approach, using the app to `Create a Wallet`, then congratulations! You are ready to start using your wallet.
However, be careful about storing large amounts of funds secured only by a wallet-generated recovery phrase.
If you followed one of our guides for pre-generating a more secure seed phrase, for instance using Vault12, and you want to use that seed phrase with your wallet - this section is for you!
In this section, you will learn how to initialize your wallet using your pre-generated seed phrase. There are 3 main reasons to generate your wallet using this method:
- You lost access to your wallet, and you need to regain access to your wallet and your funds.
- You want to access your wallet and funds using a different wallet app.
- You want the best security, and you generated a seed phrase using an advanced method.
Let's get started
- Open the BRD app and tap on `Recover wallet`. This will bring you to the recovery screen
Now enter your recovery phrase.
Now select and confirm a PIN.
Once confirmed, your wallet setup is complete.
7. Further Reading
In the world of cryptocurrency, knowledge is your best friend.
Crypto Wallet providers will almost always have their own user documentation, and sometimes they may even have a user community where you can ask questions.
Check out these resources about BRD Wallets:
Information about best practices on the topic of security can be scattered all over the internet. We work hard to distill the best practices into one place for you.
Check out these resources about securing digital wallets:
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Vault12 Product Demo
Vault12 Digital Inheritance is the first solution to offer a simple, direct, and secure way to ensure cryptocurrency, NFTs and other Web3 digital assets can be inherited by future generations.
Digital Inheritance enables investors to designate an individual or a mobile device as a guardian that will inherit their entire portfolio of digital assets inside a secure digital Vault once the time comes, eliminating undue risk and the need to continually update an inventory or issue updated instructions which result in privacy leakage.
Designed to be used alongside traditional hardware, software, and online wallets, Vault12 helps cryptocurrency owners, professional crypto traders, and high-net-worth investors safeguard their digital assets without storing anything in the cloud or in fact, any one single location. This increases protection and decreases the risks of loss.
The Vault12 app enables decentralized self-custody, back up, and provide legacy inheritance for all your web3 digital assets, including NFTs, wallet seed phrases, secrets like keys, PIN codes, DAO project keys, and digital art.
Whether your digital art is suitable for a phone, or represents much higher resolution multimedia, make sure that you have backed up a copy in case the resource link is disrupted in the future. Digital art can easily be added to the Vault either via the mobile app or via the desktop utility. Once you have stored your artwork in your Vault, it will also benefit from inheritance once you activate that in your app.
As a creator you can use Vault12 to safeguard not just your NFT and crypto wallets, but also original digital artwork. Project creators will always have to deal with multiple wallets - inventory, treasury as well as future royalty wallets.
Vault12 safeguards your project assets, increasing protection and decreasing the risks of loss, whilst ensuring that everything is ready to go to be passed onto future generations, when the need arises.