Post
Topic
Board Wallet software
Re: Which Bitcoin wallet is the most secure?
by
voisine
on 18/07/2015, 17:35:10 UTC
hi, thank you for your app, i love it.

i have a question: if my info is stored locally in the app/iphone, how is it possible to recover a wallet with the pass phrase? It recovers from where? where is my info for the app to recover it from?

second question: if 'tomorrow' you remove your app from appstore and i lose my current iphone, how will i recover my bitcoins? i need to buy a new iphone but can't get your app, because you removed it.

(im a newbie)


Thank you

Glad you like it. We designed it with newbies in mind, to help try to bring bitcoin to the whole world. Smiley

1) The information for your wallet is recovered directly from the blockchain, which is stored forever on the peer-to-peer bitcoin network.

2) breadwallet uses industry standard BIP39 recovery phrases (I'm co-author of the BIP39 standard), in combination with the default BIP32 wallet structure. There are several wallets and recovery tools available on different platforms that you can use to recover funds. Also breadwallet is open source, so anyone with a mac can download Xcode and build and run it in the simulator. You can literally build it with one click. That said, we strongly recommend against typing your recovery phrase in other wallets and platforms. They are not built to the same security standards.