BRD Wallet Review | Is BRD Reliable? Is It Safe or a Scam?

1. Brand Background and Development History

1. Company and Origin

• Company : BRD Inc. (formerly known as Breadwallet)

• Founders : Aaron Voisine, Adam Traidman

• Launched : 2014 (one of the first Bitcoin wallets on iOS)

• Vision : To create an easy-to-use Bitcoin mobile wallet

2. Development and Expansion

• 2014-2016: Positioned as a lightweight Bitcoin wallet

• 2017: Renamed to BRD Wallet , supporting multiple currencies

• 2018: Financing completed, users exceeded 2 million

• 2021: Acquired by Coinbase and gradually integrated into Coinbase Wallet

3. Market position

• Once one of the most popular BTC mobile wallets

• Now it has been gradually replaced by Coinbase Wallet

2. Functions and User Experience

1. Asset-backed

• Initially only supports BTC

• Later expansion to ETH, ERC-20 tokens, BCH, XRP , etc.

• Does not support NFT or DeFi

2. User Experience

• Mainly mobile (iOS/Android)

• The interface is simple and emphasizes "entry-friendly"

• Disadvantages: Limited expansion functions and lack of innovation in the later stages

3. Built-in transactions

• Integrate Simplex and Changelly to support cryptocurrency exchange and fiat currency purchases

• The handling fee is high and not suitable for frequent transactions

3. Security and Compliance

1. Security Architecture

• Non-custodial model : users control private keys

• Open source components : partially open source

• Cons : Fewer security features, no hardware wallet support

2. Security Incidents

• No large-scale hacking incidents have occurred

• The main problem is that the functions are outdated and lack updates.

3. Compliance

4. User and Media Reviews

1. Media Comments

• Bitcoin Magazine : “BRD was one of the earliest Bitcoin wallets.”

• CoinTelegraph : “After being acquired by Coinbase, independence disappeared.”

• Decrypt : "It's nostalgic for older users, but outdated."

2. User Feedback

• front :

• “It’s very friendly to get started.”

• “That was the first wallet I came into contact with BTC.”

• Negative :

• “No longer updated.”

• “The experience has changed significantly since Coinbase took over.”

• “Its functionality is far inferior to Trust Wallet and MetaMask.”

3. Case

Many old users said on Reddit that BRD was their first crypto wallet, but now they have transferred their assets to Coinbase Wallet or hardware wallets.

V. Risk Warning

1. Functionality stagnation : independent updates have been stopped

2. Brand weakening : gradually absorbed by Coinbase Wallet

3. Lack of ecology : No support for NFT and DeFi

4. Long-term use risks : It is not recommended to use it as a primary wallet

6. Competitive Comparison

VII. Summary

BRD Wallet is a historic Bitcoin wallet , but with the acquisition by Coinbase, it has gradually withdrawn from the mainstream stage.

• Advantages : friendly entry, long history

• Disadvantages : Outdated functionality, integrated into Coinbase Wallet

Summary in one sentence :
BRD Wallet is more like a historical memory and is not recommended for new users at this stage.

8. Multi-dimensional Rating (out of 10 points)

• Safety: 6/10 – Basic safety, no major accidents

• Functionality: 6/10 — Limited functionality, no DeFi/NFT support

• User Experience: 7/10 — Getting Started Friendly

• Compliance: 7/10 — Endorsed by Coinbase

• User reputation: 6/10 — Old users have feelings for it, but I wouldn’t recommend it to new users

Overall score: 6.5/10

IX. Contact and Support

• Official website (moved): https://brd.com

• Coinbase Wallet: https://wallet.coinbase.com

• Community: Reddit, Twitter

✅Final conclusion :
BRD Wallet was once the representative of Bitcoin wallets, but now it has become part of Coinbase Wallet and is no longer suitable as a long-term independent wallet.