Bread Wallet now Coinbase Wallet - Help Needed

[ChiBitCTy]

Opened my Bread hot wallet today to find some very disappointing news that Coinbase has bought Bread wallet and forcing you to download their wallet and transfer fund over. Below is the message and instructions. I followed them all to a T and I still don’t see any coins in my Coinbase wallet. I did this about 10mns ago. Does anyone know if this simply takes a little bit of time or if I possibly did something wrong?  

Very frustrating and disappointing news. I despise Coinbase and it’s typical fashion for that corrupt company to do shit like this. At least give users a bit more of a heads up. I was just using my Bread wallet like 2-3 weeks ago and now this.  

Any advice / suggestions appreciated!

[OmegaStarScream]

The funds shouldn't really take more than a few seconds to show in your wallet.

Have you verified the addresses? If you know they're the same, check them in a block explorer to make sure that the funds are still there.

[dkbit98]

Opened my Bread hot wallet today to find some very disappointing news that Coinbase has bought Bread wallet and forcing you to download their wallet and transfer fund over. Below is the message and instructions. I followed them all to a T and I still don’t see any coins in my Coinbase wallet. I did this about 10mns ago. Does anyone know if this simply takes a little bit of time or if I possibly did something wrong?  

It's funny that Bread walllet website still works fine and they only posted top bar with information for Coinbase Wallet Migration.
I never used Coinbase wallet and I am not sure if it's non-custodial, but maybe you could just use your seed words and import them in any other wallet you want.
There are plenty of good open source wallets, and for mobile maybe you can try Blue wallet or Electrum instead.

[hosseinimr93]

I never used Coinbase wallet and I am not sure if it's non-custodial, but maybe you could just use your seed words and import them in any other wallet you want.

There are two different coinbase wallets. One of them is custodial and the other one is non-custodial.

To OP:
Since breadwallet is a non-custodial wallet, you have full control over your private keys and you don't have to use Coinbase. You can import your seed phrase into any wallet supporting BIP39 seed phrase.
I don't recommend using coinbase wallet. Because it's close-source and we don't know what's happening behind the scene.
If you have bitcoin, as suggested by dkbit98, you can use electrum for accessing your fund. Even for your altcoins, there should be many other alternatives better than coinbase.

Warning:
Download electrum only from its official website and do not forget to verify your download.

[NeuroticFish]

I followed them all to a T and I still don’t see any coins in my Coinbase wallet. I did this about 10mns ago.

I don't know what derivation path was used here or there, so I'll give it a shot:
did by chance the old wallet has addresses starting with 1 and the new wallet has addresses starting with bc1? (in case you can see them).

Very frustrating and disappointing news. I despise Coinbase

Then just get another wallet. Electrum and BlueWallet would be pretty good choices imho.

[ChiBitCTy]

Opened my Bread hot wallet today to find some very disappointing news that Coinbase has bought Bread wallet and forcing you to download their wallet and transfer fund over. Below is the message and instructions. I followed them all to a T and I still don’t see any coins in my Coinbase wallet. I did this about 10mns ago. Does anyone know if this simply takes a little bit of time or if I possibly did something wrong?  

It's funny that Bread walllet website still works fine and they only posted top bar with information for Coinbase Wallet Migration.
I never used Coinbase wallet and I am not sure if it's non-custodial, but maybe you could just use your seed words and import them in any other wallet you want.
There are plenty of good open source wallets, and for mobile maybe you can try Blue wallet or Electrum instead.

So you’re saying I can use the bread wallet website and I should be able to then just move my coins off of it from there versus the app? I didn’t think there was an available website to even use. Maybe I’m miss understanding you here.

Thanks everyone for the info/advice..

I checked the new Coinbase wallet address on block explorer and it has zero transactions showing. I tried going through this transfer process again with no luck. I even deleted the Coinbase wallet app and re-downloaded it and still same issue, nothing transfers over. You can see when opening Bread that the coins are still there.

So at this point I could just use another wallet like electrum and just type in my recovery seed? This is where I show my embarrassing ignorance , I will of course need more than just my recovery seed, such as my wallet address correct? If I can’t access my bread wallet address on the app anymore, how do I go about doing this? Or what else do I need to do?  I was only using Bread to store a small amount of coins for when needed on the go. I use a Trezor and paper wallets for long term storage. Could I recover these coins via trezor, Coinomi, blockchain app, or perhaps an exchange such as Binance US, Gemini, or Kraken?

This is so frustrating ( I FUCKING  HATE COINBASE !!), and I’m not that skilled obviously, so I appreciate all the help guys!

[BitMaxz]

There is a guide on Electrum on how to restore your wallet from BRD to Electrum you can check it from this link below
- https://bitcoinelectrum.com/restoring-your-multibithd-wallet-in-electrum/

If you remember that your wallet addresses from your breadwallet are starting with 1 or legacy wallet you can get the xpub of your wallet from Electrum and use a tool to scan the right derivation path only do this if your wallet doesn't have a balance after you import the BRDwallet seed phrase backup.

Here's the tool to scan it https://blockpath.com/wallets/local/101?action=appxpub

If it found some used addresses and balances the left should show the right derivation path and recover your wallet again and use the right derivation path.

[larry_vw_1955]

Very frustrating and disappointing news. I despise Coinbase and it’s typical fashion for that corrupt company to do shit like this. At least give users a bit more of a heads up. I was just using my Bread wallet like 2-3 weeks ago and now this.  

In all fairness I think the BRD folks issued a heads up about this migration months ago.  Still I'm like you. Anything merging into coinbase sucks. I don't like dealing with coinbase. For example, my last support ticket was closed by them without being answered.

Now as for "coinbase wallet" itself. it does have alot of features but you shouldn't be forced to use it. the fees for some things seemed high the time i tried using it. never again.

[hosseinimr93]

I checked the new Coinbase wallet address on block explorer and it has zero transactions showing. I tried going through this transfer process again with no luck. I even deleted the Coinbase wallet app and re-downloaded it and still same issue, nothing transfers over. You can see when opening Bread that the coins are still there.

It's possible that coinbase is generating the address on a different derivation path.
Do you remember the character your address start with on Breadwallet? If so, is that same as the first character of the address generated by coinbase?
If you don't access your address anymore, you may be able to find that somewhere else. For example, in your withdrawals history if you have purchased the coins on an exchange.

So at this point I could just use another wallet like electrum and just type in my recovery seed?

As I said in my previous post, you can import your wallet into any wallet supporting BIP39 seed phrases.
If you are trying to access your bitcoin, electrum should work. If you are trying to access your altcoins, you should use other wallets.

I will of course need more than just my recovery seed, such as my wallet address correct? If I can’t access my bread wallet address on the app anymore, how do I go about doing this? Or what else do I need to do?

No, you don't need your address. All your addresses can be derived from your seed phrase.

In electrum, select "Standard wallet" and then "I already have a seed". Click on "options", check "BIP39 seed" and click on "OK". Enter you seed phrase and click on "Next".
After that you need to specify the script type.
If you don't remember the character your bitcoin address start with, click on "Detect existing accounts".
If you remember the character your bitcoin address start with, you can select the script type, manually.

Select "Legacy" if your address(es) start with 1.
Select "p2sh-segwit" if your address(es) start with 3.
Select "native segwit" if your address(es) start with bc1.

Again, you can use electrum only for recovering your bitcoin. If you have any altcoin, you can't use electrum for them. But there are still many alternatives and you don't have to use coinbase.

Could I recover these coins via trezor, Coinomi, blockchain app, or perhaps an exchange such as Binance US, Gemini, or Kraken?

Wallets like Coinomi and blockchain (and many others) and your hardware wallet should work. But you can't use exchanges.

[nc50lc]

I don't know what's the deal with the migration process but they mentioned this in their support page:

https://brd.com/brd-joins-coinbase

Please note that it may take up to several hours to migrate BTC and LTC funds depending upon how long ago your wallet was created and how many transactions you have made since wallet creation.

"Several hours to migrate"... If it's a straight-out non-custodial wallet, the funds should've shown-up within minutes.

[o_e_l_e_o]

In electrum, select "Standard wallet" and then "I already have a seed". Click on "options", check "BIP39 seed" and click on "OK". Enter you seed phrase and click on "Next".
After that you need to specify the script type.
If you don't remember the character your bitcoin address start with, click on "Detect existing accounts".

This is what I would do to get your coins over to a good open source wallet. Bread Wallet uses m/0' as a derivation path instead of the standard m/xx'/0'/0', so manually selecting the script types in Electrum won't work unless you also specify this custom path. Using the "Detect existing accounts" button includes this non-standard derivation path in its search space though, so it should pick up your wallets.

If, for some reason, you still cannot find your coins after following these steps, then I would be concerned that you have an incorrect seed phrase or additional passphrase which you have forgotten. Perhaps it might be better to just set up a new wallet with a new seed phrase and sweep all your coins to it if Bread Wallet is still working, although it seems like you've missed the chance to do this.

[hosseinimr93]

Bread Wallet uses m/0' as a derivation path instead of the standard m/xx'/0'/0', so manually selecting the script types in Electrum won't work unless you also specify this custom path.

So, it's really weird that they are asking users to import their wallet to Coinbase.

I imported a BIP39 seed phrase into Coinbase wallet to see what derivation path the addresses are generated on.
Coinbase wallet displayed two receiving addresses. One legacy address and one segwit address.
The legacy address was generated on the path m/44'/0'/0'/0/0 and the segwit address was generated on the path m/84'/0'/0'/0/0.

So, Coinbase generates addresses in the standard derivation path of m/xx'/0'/0' too.
It seems that, Breadwallet is only trying to advertise Coinbase without telling users there are many other alternatives and without paying attention to the different derivation path used by Coinbase.

[o_e_l_e_o]

So, Coinbase generates addresses in the standard derivation path of m/xx'/0'/0' too.
It seems that, Breadwallet is only trying to advertise Coinbase without telling users there are many other alternatives and without paying attention to the different derivation path used by Coinbase.

If you go on to the Bread Wallet subreddit right now, it is absolutely filled with people who haven't been able to migrate across and are getting absolutely zero help or support from Coinbase (As usual, Coinbase do not care about their customers. What a surprise! )

So, from what I can tell from various posts, it seems that the Coinbase app must be scanning the m/0' derivation paths for funds. The people who have been able to migrate successfully seem to be reporting the same balances on the same addresses with no signs of any transactions, so the coins cannot have been moved from m/0' to m/xx'/0'/0'. However, it seems to be very sporadic, with some people reporting all their coins moving across, some people reporting only coins on segwit address, some reporting only on legacy addresses, and some reporting no coins at all.

There are also many posts saying the exact same thing you have above - just import to Electrum, either use "Detect existing accounts" or manually enter the m/0' derivation path, and get access to your coins that way. It seems to be the path of least resistance right now since Coinbase have done what they usually do and implemented something filled with bugs with zero testing and are now ignoring all complaints and issues.

[ChiBitCTy]

Thanks all for the info. Most of what you’re all saying is Chinese to me. Have to remember I’m a moron when it comes to the technical aspect of all this stuff. I went to my Trezor history as I recently (March 12th) sent some of the coins from a transaction (the most recent transaction and only transaction which funded the wallet at that point as it was empty before) from my Bread wallet to my Trezor. I left a few for coins on the go. I can see it came from an address that started with “bc1”. It does look to be different than the address Coinbase generates for me (though I could be mistaken as I’m not smart about all this stuff).

Just when I thought I couldn’t hate Coinbase any more.

So at this point my best bet is to try and use Electrum to move the coins over correct? (Using the directions provided above)

Thanks again guys, as you can see I’m a simpleton when it comes to this stuff who needs lots of hand holding, so it’s beyond appreciated!

[o_e_l_e_o]

So at this point my best bet is to try and use Electrum to move the coins over correct? (Using the directions provided above)

That's what I would do. Follow the instruction in hosseinimr93's post here (https://bitcointalk.org/index.php?topic=5391541.msg59658088#msg59658088), but ignore the bit about selecting a script type manually and just hit the button which says "Detect existing accounts". This should locate the correct account and allow you to then send the coins out of that wallet and over to your Trezor. If for some reason it doesn't, then come back here and we'll try something else.

You can then set up a new mobile wallet of choice and send some coins from your Trezor over to your new mobile wallet for spending on the go.

[dkbit98]

So you’re saying I can use the bread wallet website and I should be able to then just move my coins off of it from there versus the app? I didn’t think there was an available website to even use. Maybe I’m miss understanding you here.

You don't need to use their website at all if you already have seed words, it's not like they are stored online or on their servers.
Transaction fees are low these days so you can even send all your coins to any other wallet address that you control, it can be software or hardware wallet of choice.
And chill out with all the hate towards Coinbase, there are much worse services and you don't have to use any of them, just ignore them.

[RickDeckard]

So, Coinbase generates addresses in the standard derivation path of m/xx'/0'/0' too.
It seems that, Breadwallet is only trying to advertise Coinbase without telling users there are many other alternatives and without paying attention to the different derivation path used by Coinbase.

Thanks all for the info. Most of what you’re all saying is Chinese to me. Have to remember I’m a moron when it comes to the technical aspect of all this stuff. (...)

I think that it's obvious why Breadwallet is trying to lure existing users to the services offered by Coinbase. To me it boils down to two main reasons:

• As you stated, Coinbase bought Breadwallet for an undisclosed amount[1] (I believe we'll be able to see this on the quarterly reports?). It's funny that they state that they are interested in BRD knowledge regarding self-custody wallets but proceed to transfer all users to Coinbase services / wallets. Still, it's only understandable that Coinbase wants to literally transfer all BRD clients to their application/services instead of having a good % of users in a app of which they probably would have a more difficult path to get data from. Once they're in their system their system is fully capable of delivering them any data they want.
• Most users that use BRD wallet (and others) fall into the category from the user above - they aren't aware of how blockchain technology works. I'm not even sure if all of them realize that if they loose their seed phrase - the ones that have access to them - they loose any possible chance of recovering their funds! Using that assumption, I really don't believe that the user base knows that they could just use those seed words in another wallet/service to claim their funds - since most of them just got into the crypto world just to reap profits, they don't care about whats beneath the "sheet".

As o_e_l_e_o stated just look at the state of Breadwallet over at Reddit[2] - I can't help but to feel bad for the thousands of users that aren't able to use Reddit or other sources of guidance and just have to rely on the support service by either Bread or Coinbase. Coinbase should have more awareness of their acts, but we all know where that conversation would leads us right o_e_l_e_o ?  
[1]https://www.coindesk.com/business/2021/11/24/coinbase-acquires-crypto-wallet-firm-brd-for-undisclosed-amount/
[2]https://libreddit.spike.codes/r/BRDapp/new/

[larry_vw_1955]

If you go on to the Bread Wallet subreddit right now, it is absolutely filled with people who haven't been able to migrate across and are getting absolutely zero help or support from Coinbase

so this buyout was it just to try and force people using brd wallet to start using coinbase wallet? coinbase must be getting desperate for new people to jack around...

[o_e_l_e_o]

And chill out with all the hate towards Coinbase, there are much worse services and you don't have to use any of them, just ignore them.

But there aren't that many which buy out a wallet, stop that wallet from working, tell people to import their seed phrase to a specific wallet, but offer no guidance to the fact that the derivation paths are different, the importing won't work properly, that people are free to choose other wallets, and ignore all the users asking for help on Reddit and Twitter. This whole situation has been particularly shitty on Coinbase's part.

so this buyout was it just to try and force people using brd wallet to start using coinbase wallet?

Certainly seems that way. Buy out a competitor, shut them down, and tell everyone to migrate to your own wallet instead. If I were a BRD user the last place I would be going to is the company which shut down my perfectly functional wallet and provided no support on why I can't recover my coins properly.

[DaveF]

From what I am seeing there are 2 issues going on.

1st is that it looks like they did not get the derivation path correct. Which seems odd, since it IS working for some. So along those lines is it just checking a lot of paths to find funds.

the 2nd and this is a guess is that it's really slow to show the funds, as in stupid slow because it does not show them till it's done.

Since this is a non custodial wallet and it's only connecting to 1 set of back end servers to scan I am wondering if they are just overloaded since a lot of people saw the announcement and started migrating over the weekend.

If it's going through every derivation path and you have a lot of transactions I can see it taking forever. Which is why some people are seeing funds and others are not.

It's not like electrum where if it has as issue with server x it goes to server y. 

-Dave