BRD Wallet underwent an update following its acquisition by Coinbase late last year. Users have the option to remain on the BRD wallet app, or to migrate to self custody with Coinbase Wallet.
An Update on the BRD App
January 14, 2022
As we continue our mission to bring economic freedom to more users around the world at Coinbase, we want to offer a path for our loyal and dedicated BRD wallet users to join us on our new journey. We are working to build an easy migration option for users to migrate their funds from their BRD wallet to the self-custody Coinbase Wallet app. Those users who migrate will be receiving a special gift in the form of an exclusive NFT for BRD users.
As part of the migration process, the BRD wallet app will undergo reductions in functionality over time as the team focuses on strengthening the Coinbase Wallet product. However, the open source wallet will remain forever as a community supported project on Github.
In order to prepare for the migration of your funds, the following changes will be made to the generally available BRD Wallet app on iOS and Android beginning on the days specified below:
January 14, 2022 – Buying, selling and trading between cryptocurrencies, tokens and fiat currencies will be disabled. Peer to peer transactions will remain available. BRD token rewards including reduced trading fees and other benefits will be removed as they will no longer be applicable. Any BRD tokens held will remain in your wallet and can be later migrated to the Coinbase Wallet app.
February 15, 2022 – Instructions will be released in app and on the BRD.com website for users to migrate balances (including BRD tokens) from their BRD wallet to their Coinbase Wallet. Your 12 word backup phrase will be used as part of the migration process which will ensure that users migrating balances do not incur on chain transaction fees as part of the process. More information regarding the NFT gift will be provided at this time.
March 4, 2022 – Peer to peer transactions will be disabled; however, users will remain able to access their 12 word backup phrase for migration to the Coinbase Wallet app.
The BRD wallet app will no longer be maintained or updated after this time; however, it will remain in the app store for some time, so users can receive instructions on migrating to the Coinbase Wallet app. No matter if you choose to migrate your funds to Coinbase Wallet or another wallet of your choice, those funds will be safe and secure on the blockchain. You will continue to be able to view your 12 word recovery phrase in the app.
The BRD team is excited to be continuing on with our vision as part of Coinbase and bringing even more and better self-custody experiences to BRD users. Stay tuned for exciting updates through the migration to the Coinbase Wallet app.
An Update for the BRD Community
November 24, 2021
To the BRD community:
Since BRD wallet originally launched as the open source “breadwallet” app in 2014, we have been dedicated to expanding mainstream adoption of cryptocurrency with a focus on decentralization, security and customer controlled funds.
We want to thank our loyal and dedicated users who have helped grow our community to over 10M customers around the world. We consider ourselves lucky to have played a role in mainstream cryptocurrency adoption and have thoroughly enjoyed interacting with our user community and dedicated fans.
Today, we would like to share the news that members of our team will be continuing our mission at Coinbase, where we will work together to bring the power of decentralization to even more users around the globe.
At this time, nothing will change in the BRD wallet app and as always, your funds are safe and secure. You may continue to transact normally. In the future, BRD wallet users will have an optional migration path to self custody with Coinbase Wallet, which will include a special gift. Stay tuned for more details to come in 2022.
On behalf of the entire team at BRD, thank you again for your support, loyalty and most importantly, for being part of this amazing crypto revolution.
Adam Traidman
Co-founder and CEO
Aaron Voisine
Co-founder
