I just downloaded the app. Now what?
Open the app, select “new wallet” and follow instructions from there.
How do I get bitcoin?
Soon, you will be able to buy bitcoin from within breadwallet. For now, we recommend you do a google search for "buy bitcoin" to find the best solution for your area.
How much bitcoin can I safely store in breadwallet?
There is no limit to how much you can safely store in your breadwallet. Breadwallet uses gold standard secure enclave technology to keep your bitcoins secure. Remember to write down a copy of your recovery phrase to protect against phone loss or theft.
Why do some people love bitcoin?
There are many reasons to love bitcoin. It’s open, honest, and secure. Bitcoin allows individuals to spend their money anywhere in the world, or send it to friends and family no matter where they live. Because the supply is limited, owning bitcoin is similar to owning a percentage of the bitcoin ecosystem. With so much potential for future applications, the bitcoin world attracts investors, entrepreneurs, developers, journalists, and many others. It’s an exciting story with new chapters being written every day.
Why do some people dislike bitcoin?
Because Bitcoin is so new, it is commonly misunderstood. Claims of Bitcoin being a Ponzi scheme or a scam are inaccurate. Whether or not it grows to its full potential has yet to be determined.
Will bitcoin go up in value?
Nobody knows. But many people believe that the bitcoin supply limit contributes to this possibility.
Can bitcoin get hacked?
Because Bitcoin operates with a decentralized consensus mechanism, thousands of people around the world (miners) are working simultaneously to keep the system honest. Since 2009 Bitcoin has been running globally without any catastrophic failures, through countless attempts to tamper with the network. At this point it is reasonable to assume that Bitcoin will maintain its integrity for the foreseeable future.
Is there anything wrong with my dollars, euros, yen, etc?
Fiat currencies such as dollars, euros, and yen, are elastic in supply. Historically, fiat currencies with a swiftly increasing or decreasing supply result in unexpected price changes in the economy. Whether the benefits of an elastic money supply outweigh the downsides is an ongoing debate.
How long does it take for a bitcoin transaction to confirm?
It depends. During times of heavy traffic, transactions on the Bitcoin network may take a while to “confirm,” and it is nothing to be alarmed about. If you are still having trouble after an hour or so then please contact us.
What is my recovery phrase?
Your recovery phrase is 12 random words that are used to create your unique wallet. Keep these words written down in a safe place and don’t show them to anybody, even us.
My phone has been lost stolen, or broken. How do I get my coins back?
Once you get a new phone, download the breadwallet app again and select “recover wallet.” Then enter the 12 word recovery phrase that you wrote down when you first started using breadwallet.
Where are my bitcoins stored?
Your bitcoins are stored directly on the Bitcoin network. Breadwallet enables you to manage your private keys that allow you to move those coins.
Open the app, select “new wallet” and follow instructions from there.
Soon, you will be able to buy bitcoin from within breadwallet. For now, we recommend you do a google search for "buy bitcoin" to find the best solution for your area.
There is no limit to how much you can safely store in your breadwallet. Breadwallet uses gold standard secure enclave technology to keep your bitcoins secure. Remember to write down a copy of your recovery phrase to protect against phone loss or theft.
There are many reasons to love bitcoin. It’s open, honest, and secure. Bitcoin allows individuals to spend their money anywhere in the world, or send it to friends and family no matter where they live. Because the supply is limited, owning bitcoin is similar to owning a percentage of the bitcoin ecosystem. With so much potential for future applications, the bitcoin world attracts investors, entrepreneurs, developers, journalists, and many others. It’s an exciting story with new chapters being written every day.
Because Bitcoin is so new, it is commonly misunderstood. Claims of Bitcoin being a Ponzi scheme or a scam are inaccurate. Whether or not it grows to its full potential has yet to be determined.
Nobody knows. But many people believe that the bitcoin supply limit contributes to this possibility.
Because Bitcoin operates with a decentralized consensus mechanism, thousands of people around the world (miners) are working simultaneously to keep the system honest. Since 2009 Bitcoin has been running globally without any catastrophic failures, through countless attempts to tamper with the network. At this point it is reasonable to assume that Bitcoin will maintain its integrity for the foreseeable future.
Fiat currencies such as dollars, euros, and yen, are elastic in supply. Historically, fiat currencies with a swiftly increasing or decreasing supply result in unexpected price changes in the economy. Whether the benefits of an elastic money supply outweigh the downsides is an ongoing debate.
It depends. During times of heavy traffic, transactions on the Bitcoin network may take a while to “confirm,” and it is nothing to be alarmed about. If you are still having trouble after an hour or so then please contact us.
Your recovery phrase is 12 random words that are used to create your unique wallet. Keep these words written down in a safe place and don’t show them to anybody, even us.
Once you get a new phone, download the breadwallet app again and select “recover wallet.” Then enter the 12 word recovery phrase that you wrote down when you first started using breadwallet.
Your bitcoins are stored directly on the Bitcoin network. Breadwallet enables you to manage your private keys that allow you to move those coins.