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Step-By-Step Guide to Bread Mobile Bitcoin Wallet

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This Step-By-Step Guide to the Bread Mobile Bitcoin Wallet shows how to set up and use the Bread mobile bitcoin wallet to manage, send, and receive bitcoin. Bread focuses on doing one thing really well — managing your bitcoin from a cell phone.  It is one of our favorite mobile bitcoin wallets because it offers a simple and focused user experience.  Let’s get started!  

 

Go To Bread Mobile Bitcoin Wallet Now!

 

Install Bread Wallet

The first step is to download the Bread mobile wallet.  It is available for Android and iOS.  For this guide we downloaded Bread from the Google Play Store. Note that just recently Bread changed the name of the app to BRD.

Bread Google Play Store

Open Bread Wallet

You will have the ability to create a new wallet or recover wallet when you first open Bread.  For this guide we chose Create New Wallet.

Bread Starting Page

Create New Wallet

There are two steps to create a new wallet in Bread. First, set a six digit pin to enter each time you log into Bread or send bitcoin from Bread. Second, write down your twelve word backup phrase, called a paper key, on a piece of paper.  You will need the paper key if you forget your six digit pin. Keep your  paper key in a secure location. Do not store your paper key unencrypted on any electronic device.

Bread Pin

Bread Home Screen

The home screen of Bread is simple and intuitive. The top displays your balance and search button for viewing past transaction. The middle, currently blank, will displayed completed and pending transactions. The bottom has buttons to send bitcoin, receive bitcoin, and view the main menu.  Note:  The Bread home screen recently changed because Bread added bitcoin cash support.  Now, users select either bitcoin cash or bitcoin first, and then arrive at a screen similar to the one below.

Bread Blank Homescreen

Bread Menu

The Bread menu provides options to buy bitcoin, secure your wallet, obtain support, customize settings, and lock the Bread wallet. Let’s go through these.

Bread Menu

Buy Bitcoin

The first item in Bread’s menu is to buy bitcoin.  Bread facilitates two ways to buy bitcoin. First, you can buy bitcoin with a bank account through Bread’s partner, Glidera. Second, Bread has a search function for you to find nearby bitcoin retailer or ATMs.

Bread Buy Bitcoin

 

Buy Bitcoin with Glidera

Bread’s partner Glidera lets you purchase bitcoin from a bank account for a 1% fee + $0.50. There are cheaper ways to buy bitcoin. But the convenience of purchasing bitcoin directly from the bread app may be worth it for some. Select Get started with Glidera to link up your bank account for buying bitcoin.

Bread Gildera

Link Bank Account

You need to link a bank account to proceed with purchasing bitcoin in Bread. Follow the in-app directions to continue with a Glidera account if you want to buy bitcoin in Bread. However, this guide will focus on depositing and withdrawing bitcoin with Bread.

Bread Bank Account

Bread Security Center

The second item in Bread’s menu is the Security Center.  There are only three options.  You can update your six digit pin, enable fingerprint authentication for logging into Bread, and gain access to your paper key.

Bread Security

Bread Support

The third item in Bread’s menu is the support center.  Here you can view answers to frequently asked questions about using Bread.

Bread Support

Bread Settings

The fourth option in Bread’s menu is the settings. Here you start, import, and recover other wallets. You can also manage basic settings like notifications, the fiat currency to display, and a few other items. The fingerprint authentication spending limit  caps how much you can spend every 48 hours using only fingerprint authentication (without your six digit pin).  The default require a six digit pin to send bitcoin, even if you enabled fingerprint authentication for logging into Bread.

Bread Settings

Receive Bitcoin

Next let’s show how to receive bitcoin with Bread. You access your bitcoin address by pressing the receive button in Bread.  You will have essentially four ways to get your bitcoin address from Bread to the sender.  First, the sender can scan the QR code for your bitcoin address. Second, you can click on the address itself to copy it to the clipboard, as we did below.  Third, you can press the share button and choose to email your bitcoin address.  Fourth, you can press the share button and choose to text your bitcoin address.

 

Bread Receive

Share Bitcoin Address

You can also request a specific amount of bitcoin from someone. If you fill in a specific amount, the QR code will adjust so that the person who scans the QR code can only send you up to the requested amount of bitcoin.

Bread Share Receive Address

Send Bitcoin to Bread

The person sending bitcoin to your Bread mobile bitcoin wallet may be you sending from another exchange or wallet.  In this guide we sent bitcoin from the Gemini exchange to our Bread mobile bitcoin wallet.  It is simple – navigate to Withdraw BTC on Gemini, copy our Bread bitcoin address into the destination address, choose how much to send, and select Review Withdrawal.

Bread Gemini Withdrawal

Receipt in Progress

Bread will immediately track your receipt of bitcoin of the bitcoin network.  It tracks each transaction in 20% increments.   It will also update your wallet balance to reflect that you just received more bitcoin.

Receiving in Progress

Transaction Details

Select any transaction to have Bread display transaction details.  For example, Bread displayed the transaction details for our receipt of bitcoin from the Gemini exchange.

Bread Receiving Details

Receipt Complete

Bread will display your receipt of bitcoin as complete once the bitcoin network sufficiently confirms the transaction.

Bread Receiving Complete

Send Bitcoin

Next let’s show how to send bitcoin with Bread.  First, press the Send button on the bottom of Bread.  Next, paste the receiving address into Bread or scan the QR code of the receiving address. Finally, enter the amount you want to send in either fiat currency or bitcoin. You can switch between fiat currency and bitcoin by pressing the button next to the amount field.

Bread Send Bitcoin

Send Bitcoin Regular Speed

The bitcoin network charges a fee to conduct any transaction.  Bread allows you to adjust that fee depending on how fast you want a transaction to process.  You can choose Regular speed to conduct the transaction in less than one hour.  Note that the Bread mobile bitcoin wallet is still in the process of integrating Segwit, which should lower transaction costs and increase transaction speeds.

Bread Send Regular Speed

Send Bitcoin Economy Speed

You can also choose to send bitcoin with the economy speed.  This means your bitcoin transaction should complete in less than 24 hours.

Bread Send Economy Speed

Insufficient Network Fee

You need to incorporate the network fee into your transaction.  For example, below we tried to send our entire bitcoin balance without accounting for the network fee.  Therefore, Bread immediately alerted us that Send failed for insufficient amount for transaction fee.

Bread Send Failed

Confirm Sending Bitcoin

Press Send on the send page to proceed with sending bitcoin.  You will receive a popup to review the transaction a final time and enter your six digit pin to finalize the transaction.

Bread Confirm Send

Send Bitcoin In Progress

Bread will immediately track the process of your bitcoin transaction on the bitcoin network.  It tracks progress in 20% increments.  You can also select the transaction to view more details.

Bread Send Progress

Send Bitcoin Complete

Bread will let you know as soon as a transaction to send bitcoin is complete.  You can view your completed transactions from the front screen or by using the search icon.

Bread Sending Complete

 

You Are Ready To Get Started With Bread Mobile Bitcoin Wallet.  Go Now!