Author

Topic: Bread Wallet now Coinbase Wallet - Help Needed (Read 894 times)

newbie
Activity: 12
Merit: 12
That's a tough decision considering everything that has happened with hardware wallets in recent years. …

Thanks, Pmalek. The information you provided regarding the hardware wallets are very helpful. I am going to go through the references in your post and make a pick.
legendary
Activity: 2268
Merit: 18771
Yes, definitely worth it. It's things like this that drive people nuts trying to deal with BTC wallets.
Done - https://github.com/spesmilo/electrum/issues/7804

The change to the code to implement this would be trivial, and as I said in the GitHub issue, I see no real downside to not do this. The code already scans for 280 addresses across 14 different derivation paths. Adding in say another 70 addresses (first 5 change addresses) for example creates minimal additional local computation time or load on queried servers.

Surprisingly this is the first time in ~4.5 years I've needed to post to GitHub about something directly related to my forum account. My main GitHub account has posted on a whole bunch of non-bitcoin stuff I'd rather not link to this account, so a new account it is.

Edit: Well, that didn't take long. SomberNight has already made the necessary changes: https://github.com/spesmilo/electrum/commit/9e0a0af81a7dab4fe22aeb007fb5560f48dc6433. From the next version of Electrum, it will also scan the first 10 receiving addresses.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
I guess you only have bitcoins in a "change address" of your BRD wallet's Segwit address, because it wasn't checked by that button.
I'd never considered that before when suggesting that people should use the "Detect existing accounts" button. I went to check the code, and you are absolutely right: https://github.com/spesmilo/electrum/blob/586d3a4361f5dbb9ce9ffdfdfeb276664b5bbfaa/electrum/bip39_recovery.py#L18-L62
As you can see from lines 47 and 51, it checks the first 20 receiving addresses, but does not check any change addresses.

I'm sure there are other wallets, which like BRD, send change from one account to the change address in another account, which could result in the same situation here of "Detect existing accounts" missing an active account. Worth raising an issue on GitHub?

Yes, definitely worth it. It's things like this that drive people nuts trying to deal with BTC wallets.
Then they wind up here looking for help, and unless someone read this thread, remembers this thread, reads that post with the issue they never get help.
If it's on github, it's at least there for a lot of people to see and discuss.

-Dave
legendary
Activity: 2268
Merit: 18771
I guess you only have bitcoins in a "change address" of your BRD wallet's Segwit address, because it wasn't checked by that button.
I'd never considered that before when suggesting that people should use the "Detect existing accounts" button. I went to check the code, and you are absolutely right: https://github.com/spesmilo/electrum/blob/586d3a4361f5dbb9ce9ffdfdfeb276664b5bbfaa/electrum/bip39_recovery.py#L18-L62
As you can see from lines 47 and 51, it checks the first 20 receiving addresses, but does not check any change addresses.

I'm sure there are other wallets, which like BRD, send change from one account to the change address in another account, which could result in the same situation here of "Detect existing accounts" missing an active account. Worth raising an issue on GitHub?
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
Since it's bc1, you can try to restore another wallet by selecting "native segwit (p2wpkh)" then edit the derivation path below into m/0'
Thanks, nc50lc. Your suggestion worked.
Great but I didn't expected that to work since p2wpkh @ m/0' was already checked when you've used "Detect Existing Accounts".
I guess you only have bitcoins in a "change address" of your BRD wallet's Segwit address, because it wasn't checked by that button.

Anyways, congrats.
legendary
Activity: 2730
Merit: 7065
Also, I am going to buy a hardware wallet. Any suggestions as to what to get?
That's a tough decision considering everything that has happened with hardware wallets in recent years.

I have been using a Ledger Nano S for several years and it suits me just fine. However, it's slowly getting phased out and it won't be produced anymore. That can also mean that it won't be supported any longer in a few years from now. Ledger has also experienced a serious privacy leak in which personal data from their clients has been hacked and made available publicly. User funds, private keys, and seeds are safe though. The newer editions of their Nano X has become a nightmare for many users due to issues with battery, charging, etc. Not recommended to get one of those. They have released a pimped up version of the Nano S called Nano S Plus. But it's too soon to comment on the quality on that one.

The second biggest player on the hardware wallet market is Trezor. They have also recently had a leak of customer data and their devices suffer from an unfixable vulnerability that could allow someone to extract the seed and PIN with relatively cheap hardware and within 5-10 minutes. Assuming the person knows what he is doing. That's what it's recommended and essential to use a strong passphrase when you store your coins on a Trezor.

Ledger is closed-source, Trezor is open-source.
Ledger has a secure element preventing seed extraction, Trezor doesn't, which makes it vulnerable to such attacks.

There are many other brands, but I don't know much about them. dkbit98 has made two good threads that you can use as a reference. Check out Open Source Hardware Wallets and AirGapped Hardware Wallets.

It's recommended to purchase these devices from the manufacturers or official resellers only. Not from random people on the Internet or some unknown online shops. Paying with crypto and having the devices shipped to PO boxes would be good to minimize the risk of having your data hacked and leaked. Everything that is stored on a server somewhere is a disaster waiting to happen and hardware wallet manufacturers have to store your data to comply with local laws and regulations. 
newbie
Activity: 12
Merit: 12
Good to know. Does the recovered wallet contain your entire Bitcoin portfolio as you remember it or do you believe you should have more? If you have access to everything now, you are done with the recovery procedure.

What you should consider doing now is creating a brand-new wallet and moving all your recovered coins to it. Even better if you purchase a good hardware wallet. Like I mentioned previously, your seed has been entered in several hot wallets. That lowers the security of it and increases the possibility of you losing your BTC in case something goes wrong with any of them.

Thanks Pmalek for your help.

I have recovered all my cryptos that were on the BRD wallet and have moved them into new wallets with different seed phrases.

Also, I am going to buy a hardware wallet. Any suggestions as to what to get?
legendary
Activity: 2730
Merit: 7065
So to recover my BTC from BRD wallet, I ended up selecting the Electrum options of "native segwit (p2wpkh)" with a derivation path of "m/0'".
Good to know. Does the recovered wallet contain your entire Bitcoin portfolio as you remember it or do you believe you should have more? If you have access to everything now, you are done with the recovery procedure.

What you should consider doing now is creating a brand-new wallet and moving all your recovered coins to it. Even better if you purchase a good hardware wallet. Like I mentioned previously, your seed has been entered in several hot wallets. That lowers the security of it and increases the possibility of you losing your BTC in case something goes wrong with any of them.
newbie
Activity: 12
Merit: 12
Since it's bc1, you can try to restore another wallet by selecting "native segwit (p2wpkh)" then edit the derivation path below into m/0'

Thanks, nc50lc. Your suggestion worked.

So to recover my BTC from BRD wallet, I ended up selecting the Electrum options of "native segwit (p2wpkh)" with a derivation path of "m/0'".
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
You mean it's among the newly derived addresses?
What I meant is that I have found my missing BTC's address in the blockchain explorer. Wouldn't Electrum be able to recover the BTC using this exact address and my recovery phrase?

By the way, according to Pmalek "… native segwit if they begin with bc1 …", and my BTC address actually begins with "bc1".
No, Electrum can't guess what derivation path to use in order to derive that address.
Addresses don't contain info about their derivation path.

Since it's bc1, you can try to restore another wallet by selecting "native segwit (p2wpkh)" then edit the derivation path below into m/0'
But I highly doubt it's there since it's included in the list of paths "Detect Existing Accounts" check.
The standard paths are also there (the 3 options without editing the derivation path),
and since there's only one result, only legacy " m/0' " has transaction history.
newbie
Activity: 12
Merit: 12
You mean it's among the newly derived addresses?

I haven't yet gotten to use the method you suggested in your previous message. What I meant is that I have found my missing BTC's address in the blockchain explorer. Wouldn't Electrum be able to recover the BTC using this exact address and my recovery phrase?

By the way, according to Pmalek "… native segwit if they begin with bc1 …", and my BTC address actually begins with "bc1".
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
You can try to generate more address to see if your bitcoins is in your addresses higher than Electrum's default gap limit.
I actually found the addresses for my remaining BTC on the BRD wallet. Can I use these addresses to recover them?
You mean it's among the newly derived addresses?
Then the balance should be updated after it appeared in the 'addresses' tab, check the history tab if more transactions appeared.

If 300 isn't enough, you can increase the amount of addresses to generate by changing "300" into any value depending on your BRD wallet's history.
newbie
Activity: 12
Merit: 12
You can try to generate more address to see if your bitcoins is in your addresses higher than Electrum's default gap limit.

nc50lc,

I actually found the address for my remaining BTC on the BRD wallet. Can I use this address to recover it?
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
-snip-
Is there, somewhere, a list of derivation paths that can be tried? Is it possible that I need a modified derivation path for return transactions?
Unfortunately, derivation path is specific to the wallet.
AFAIK and as others have said, BRD used " m/0' " which is the path for "Non-standard legacy (Account 0)".

You can try to generate more address to see if your bitcoins is in your addresses higher than Electrum's default gap limit.
Enable the console tab (View->Show Console) and open it, type:
Code:
[wallet.create_new_address(False) for i in range(300)]
And for the change addresses:
Code:
[wallet.create_new_address(True) for i in range(300)]

Those will force Electrum to derive 300 more addresses past the gap limit.
newbie
Activity: 12
Merit: 12
If there's only one result, then there's no other derivation paths detected and that was the sole derivation path with transaction history.
To go further, you can try other derivation paths that's not listed in the link in my reply above
but I have no idea what other paths BRD wallet used.

Thanks nc50lc.

Yes, the BIP39 Recovery popup window showed only one result, which was "Non-standard legacy (Account 0)".

Is there, somewhere, a list of derivation paths that can be tried? Is it possible that I need a modified derivation path for return transactions?
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
Can you please elaborate further regarding this question? All I got were two entries corresponding to my BTC transfers to BRD Wallet and two entries of equal value to the receipt values, which I assume correspond to me converting part of each of the amounts received to ETH.
-snip-
This (testnet):

It shows an example where it detected two "accounts" with transaction history.

If there's only one result, then there's no other derivation paths detected and that was the sole derivation path with transaction history.
To go further, you can try other derivation paths that's not listed in the link in my reply above
but I have no idea what other paths BRD wallet used.
newbie
Activity: 12
Merit: 12
You should definitely be able to make a BTC and ETH transaction sending your entire balance to these wallets though, as that should always work.

But BRD wallet is not functional any more; so I can't use it to send anything.
newbie
Activity: 12
Merit: 12
How many results did you get? Just that one?

Can you please elaborate further regarding this question? All I got were two entries corresponding to my BTC transfers to BRD Wallet and two entries of equal value to the receipt values, which I assume correspond to me converting part of each of the amounts received to ETH.

Would you suggest that I use something other than Electrum for recovering my BTC in the BRD wallet?
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
6- Selected "Detect existing accounts." It still had the legacy account selected and m/0' shown in the box below it.
Then in the previous reply, you mean you've selected "Non-standard Legacy (account 0)" then it auto-selected legacy and auto-edited the derivation path.

How many results did you get? Just that one?
If that's the case, then Electrum couldn't find any bitcoins from all of the listed paths in the link in my previous post.
There's none in the second account index of that particular path either.
newbie
Activity: 12
Merit: 12
This doesn't look like the result of "Detect Existing Accounts".

Thanks for the reply.

This is what I have been doing:

1- Created a new "standard" wallet.

2- Gave it a name.

3- Selected "I already have a seed."

4- Selected seed type BIP39.

5- Typed in the seed phrase.

6- Selected "Detect existing accounts." It still had the legacy account selected and m/0' shown in the box below it.

I appreciate any suggestions.
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
2- I used my recovery phrase to create a new wallet. I can't remember all of the exact selections I made, but I believe that I selected BIP39 path of m/0'.
This doesn't look like the result of "Detect Existing Accounts".
The results of detect existing accounts shouldn't have the derivation path " m/0' " indicated,
instead, it should either be one of the "description" in this list + the account index: github.com/spesmilo/electrum/blob/master/electrum/bip39_wallet_formats.json
e.g.: Non-standard legacy (account 0)

Anyways, if there's a list after using the automatic account detection, then there's more than one derivation path that contain bitcoins.
In that case, restore as much wallets as the results.
You can restore the other accounts by using the menu "File->New Restore" and select the other path for the new wallet.
newbie
Activity: 12
Merit: 12
Thanks guys for your help.

I have been successful recovering my ETH; however, regarding the BTC, I installed Electrum and haven't yet been able to recover any of my BTC from the BRD wallet.

This is roughly what has happened:

1- I installed Electrum.

2- I used my recovery phrase to create a new wallet. I can't remember all of the exact selections I made, but I believe that I selected BIP39 path of m/0'.

3- What I get is a small list of 4 transactions where all of the BTC receipts are correct, but for each receipt there is a corresponding deduction of equal value on the day following the receipt, leaving the final BTC balance equal to zero.

4- I know that the last time the BRD wallet was functioning I had some BTC in my BRD wallet. A dump of my BRD wallet activity shows that there should be some BTC there.

Any suggestions or help would be much appreciated.
legendary
Activity: 2380
Merit: 5213
MetaMask and MyEtherWallet seem to be talked about the most, but as far as I know they both run from your browser, which is a major downside.
You don't have to use MetaMask on your browser. Its application can be installed on both Android and IOS devices.
Of course, it's still a hot wallet and as you suggested, it's better if Morpheus Eberhardt uses a hardware wallet.
legendary
Activity: 2268
Merit: 18771
In particular, can I stop wasting time with the Coinbase Wallet at this stage and try another compatible wallet.
You can and you should. Coinbase as a company are incredibly shady and do not care about their users at all. Their wallet is closed source, has poor security, lacks many useful features, provides absolutely zero privacy, and allows Coinbase to monitor everything you do. For Bitcoin, I would suggest using Electrum as Pmalek has said above. I have no idea what is a good Ethereum wallet, but look for something reputable and open source. MetaMask and MyEtherWallet seem to be talked about the most, but as far as I know they both run from your browser, which is a major downside. A good hardware wallet would be the best trade off between ease of use and security when it comes to altcoins.
legendary
Activity: 2730
Merit: 7065
BRD wallet does not use the standard BIP44 based derivation paths of m/xx'/0'/0', but rather the older style BIP32 paths of m/0'. Simply selecting the script type will lead to empty wallets. You either need to select the script type and then change the derivation path to m/0', or more simply just hit the "Detect existing accounts" button.
Yeah, I just noticed that by looking at https://walletsrecovery.org/. But Electrum should discover the correct path by clicking on the button we both suggested.

I don't know if BRD uses the usual m/44'/60'/0' or m/0' for Ethereum, and I can't find any clear documentation online, so you'll need to check both.
Judging by this reddit post (https://www.reddit.com/r/Bitcoin/comments/tu6nmj/brd_wallet_closed_12_word_seed_phrase_does_not/), the derivation path BRD uses for Ethereum should be the same as used by other software wallets like Trust Wallet, Coinbase, or Exodus. Those are also some options that can be tried. I don't recommend those wallets though. That reddit user recovered his ETH, but he was struggling with his BTC due to the different standard as you mentioned above.

Anybody has any suggestions? In particular, can I stop wasting time with the Coinbase Wallet at this stage and try another compatible wallet.
Check what I wrote previously and o_e_l_e_o's comments about the derivation path and you shouldn't have issues getting it to work.
newbie
Activity: 12
Merit: 12
Thanks for all of the suggestions.

1- I followed the instructions provided on the BRD website for "Coinbase Wallet Migration".

2- After entering my passphrase, picking a username, and picking a passcode, Coinbase Wallet gave me an error saying "There was an error creating an account for you. Please wait a moment, and try again."

3- When I tried again latter, it said the username I had entered was no longer available.

4- I picked a new username; I received the same error message again.

5- I keep on getting the same error message every time that I try.

Anybody has any suggestions? In particular, can I stop wasting time with the Coinbase Wallet at this stage and try another compatible wallet.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
Guarda Wallet and Atomic Wallet are two non-custodial wallets which support both BTC and ETH (OWNR Wallet is a 3rd but last time I checked it has some minor stability problems on Linux). However, they do not have a feature for importing derivation paths or master private keys (Atomic does let you import MPKs I think but these are specificly only for its own software.)
You should definitely be able to make a BTC and ETH transaction sending your entire balance to these wallets though, as that should always work.
legendary
Activity: 2268
Merit: 18771
After that the wallet should ask you what type of wallet you are trying to recover. Select legacy if the addresses start with a 1, nested segwit if they begin with a 3, or native segwit if they begin with bc1. There should also be a button to scan standard derivation paths if you can't figure out how to select the correct option yourself.
BRD wallet does not use the standard BIP44 based derivation paths of m/xx'/0'/0', but rather the older style BIP32 paths of m/0'. Simply selecting the script type will lead to empty wallets. You either need to select the script type and then change the derivation path to m/0', or more simply just hit the "Detect existing accounts" button.

I don't know if BRD uses the usual m/44'/60'/0' or m/0' for Ethereum, and I can't find any clear documentation online, so you'll need to check both.
legendary
Activity: 2730
Merit: 7065
Can someone please provide a safe recipe for migrating from a BRD wallet that includes both BTC and ETH to, let's say, the Coinbase Wallet or some other better noncustodial wallet?
Not sure what you mean with recipe, maybe guide or instructions.

When you created your BRD wallet, you received and hopefully wrote down your seed. That's a BIP39 seed phrase compatible with any other wallet that supports that standard. If you don't want to use Coinbase, you can import it into Electrum, for example. But Electrum only works for Bitcoin.

Only download Electrum from the official website. Verify the signatures to ensure you have the genuine software signed by Electrum developers.
After that, it's time to import your seed. Create a new wallet, give it a name, and select Standard Wallet. Select I already have a seed. In the next step, you need to click on the options and then tick on BIP 39 seed and OK. Enter your seed and click ok. After that the wallet should ask you what type of wallet you are trying to recover. Select legacy if the addresses start with a 1, nested segwit if they begin with a 3, or native segwit if they begin with bc1. There should also be a button to scan standard derivation paths if you can't figure out how to select the correct option yourself.

You can also follow this guide if you want > https://bitcoinelectrum.com/restoring-your-multibithd-wallet-in-electrum/

When it comes to your Ethereum, you can import the same seed from BRD into MetaMask, for example. I don't know the step by step instructions, but it shouldn't be too difficult to figure out by just following the on-screen instructions. You can follow a guide like this one if you want > https://medium.com/publicaio/how-import-a-wallet-to-your-metamask-account-dcaba25e558d.   

Be aware that if you do all of the above, you are going to have a seed phrase imported across 3 different hot wallets. If any of them gets hacked, the hacker would gain access to all your coins. I would recommend you to create brand-new wallets with new seed phrases in both Electrum and MetaMask. Once you have imported your wallets, move your coins from the old wallet into the new ones. Consider purchasing a hardware wallet if you hold a significant amount.
newbie
Activity: 12
Merit: 12
Hi,

Can someone please provide a safe recipe for migrating from a BRD wallet that includes both BTC and ETH to, let's say, the Coinbase Wallet or some other better noncustodial wallet?

Thanks in advance.
legendary
Activity: 2268
Merit: 18771
I've never used Coinbase's wallet myself, but as Pmalek says, just set the fee to 1 sat/vbyte and be patient. Provided you are not concerned about not linking specific UTXOs together, then sending everything a single transaction will be cheapest. If you do have privacy concerns regarding different UTXOs in your wallet, then I'm not sure Coinbase's wallet even supports coin control, so you'd probably have to use a different client.

According to this page (https://help.coinbase.com/en/wallet/sending-and-receiving/adjusting-miner-fees) there should be an settings button near the fees field when you make a transaction which will allow to manually set the lowest possible fee.

Also, before you use Electrum, make sure you follow the correct steps to download and verify it properly: [GUIDE] How to Safely Download and Verify Electrum [Guide]
legendary
Activity: 2730
Merit: 7065
Any suggestions or tricks which can save me tx fees and process accomplished with the minimum fee possible?
There are no tricks to Bitcoin transactions. Miners select those transactions paying the highest fees as they want their profits to be as high as possible. You have to ensure that your transaction is among those for there to be a miner incentive to include it in a block. The only way around it is if you know someone operating a mining pool who would gladly include your transaction into their block. I assume that is not the case.

At the time of writing, we have over 3.000 unconfirmed transactions. If the Coinbase wallet allows you to set your own fees, just use the minimum 1 sat/vByte. You might have to wait an hour or two for the 1st confirmation, but it doesn't matter. The transaction will confirm sooner or later unless we experience a surge in transaction fees that lasts for a while. In the last few months, 1 sat/vByte has often been enough.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
So if you are considering moving to Electrum, then I would create a brand new Electrum wallet, write down your new seed phrase, and then send all your coins from Coinbase across to this new wallet.

I would consider doing this as i don't want to risk my hard earned money. Also in this migration process of moving my funds to a new Electrum wallet, i would like to safe the fee and use the minimum fee to transfer my bitcoins from non-custodial coinbase wallet to new Electrum wallet.
Any suggestions or tricks which can save me tx fees and process accomplished with the minimum fee possible?
legendary
Activity: 2268
Merit: 18771
But since i put my seed once in the coinbase wallet, i will remain at risk forever as coinbase can do anything because of closed source  Huh
Correct. Even if Bread and Coinbase were both open source, by the time you've ported the same seed phrase across three wallets (and therefore typed it in at least twice on a device with internet access), I would consider it pretty risky to keep using it. Every time you enter your seed phrase in to any wallet you increase the risk of it being compromised somehow. Ideally seed phrases should only be entered in to offline devices in the case of emergency, and not just because you fancy using a new app.

So if you are considering moving to Electrum, then I would create a brand new Electrum wallet, write down your new seed phrase, and then send all your coins from Coinbase across to this new wallet.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
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.

Now i am really confused as what to do. I migrated my private keys in the coinbase wallet and my funds are now appearing in the coinbase wallet.
Since you told now that it is a closed source, this means that they can have access to my private key. To keep me on the safe side, i can close my coinbase wallet and open the same wallet by importing the seed in the electrum wallet. But since i put my seed once in the coinbase wallet, i will remain at risk forever as coinbase can do anything because of closed source  Huh
legendary
Activity: 2380
Merit: 5213
Don't they make a portion of the transaction fees on their hot wallet ?
In the case they want to charge extra fee, they have to add an extra output to your transaction. I haven't ever made any transaction using their wallet, but I don't think they do so.
The only fee you pay when using their non-custodial wallet is the fee you pay to miners.


....................and I don't remember providing them any of my information? Maybe (likely) I'm missing something?
Now, they know your IP address and can link it with your addresses, your previous transactions and your balance.
As their wallet is close-source and we don't know what is happening behind the scene, it's also possible that your seed phrase has been stored in their server. With having your seed phrase, they can know all your private keys, public keys and addresses.


Thanks bud, I was able to move my coins off but this is good to know.  Maybe I should post it on the Bread wallet reddit sub just to let others know.
It's still better to use electrum. Recommend them to use electrum and avoid any close-source wallet, especially coinbase.
legendary
Activity: 2282
Merit: 3014
i wonder how many new support tickets people will put in who are having trouble with this migration. i had a support ticket sit open for months before an actual person replied. another time they closed my support ticket without even responding, all i got was an automated message saying it had been closed. shitty company.
That's Coinbase for you. Their subreddit is permanently filled with people complaining their support ticket has been ignored for months, tickets closed without resolution, accounts locked for no reason, and so on.

Interesting that they sold out... that is one way to make money from creating a "free" wallet I suppose Undecided
The value is in your data. Bread Wallet claimed to have over 10 million users. What do Coinbase have to gain from buying them out? Many of those users would move over to Coinbase's wallet, but they don't make any money from that. Some might then go on to sign up at Coinbase, sure, but most people using Bread Wallet probably already had established accounts at various exchanges, and don't need another one, so not much money to be made there either. More exposure and brand recognition? Maybe. But the data of ~10 million users? Extremely valuable indeed, especially when that data can be linked in to Coinbase's in house blockchain analysis company, which then allows them to charge more for this larger and expanded service from all the various governments and government agencies they sell these capabilities to.

Don't they make a portion of the transaction fees on their hot wallet ? ( Sure know they do when sending coins off of their exchange, which is insane that exchanges don't allow for being able to selecting transaction speeds, but that's a whole other story).  

Now I understand what you're saying about gaining customer information, which is extremely valuable, but I downloaded the wallet just to follow the migration direction they provided and I don't remember providing them any of my information? Maybe (likely) I'm missing something?

So it turns out there is another step added to make your life easier.
In the Coinbase wallet go to advanced and then toggle BRD BTC scanning.
Seems to make it instant.

Thanks bud, I was able to move my coins off but this is good to know.  Maybe I should post it on the Bread wallet reddit sub just to let others know.
legendary
Activity: 2268
Merit: 18771
In the Coinbase wallet go to advanced and then toggle BRD BTC scanning.
Presumably this makes the Coinbase app scan BRD's non-BIP39 derivation paths as we discussed above.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
So it turns out there is another step added to make your life easier.
In the Coinbase wallet go to advanced and then toggle BRD BTC scanning.
Seems to make it instant.



Don't know if it was already there or added in some recent update.

-Dave
legendary
Activity: 1148
Merit: 3117
The value is in your data. Bread Wallet claimed to have over 10 million users. What do Coinbase have to gain from buying them out? Many of those users would move over to Coinbase's wallet, but they don't make any money from that. Some might then go on to sign up at Coinbase, sure, but most people using Bread Wallet probably already had established accounts at various exchanges, and don't need another one, so not much money to be made there either. More exposure and brand recognition? Maybe. But the data of ~10 million users? Extremely valuable indeed, especially when that data can be linked in to Coinbase's in house blockchain analysis company, which then allows them to charge more for this larger and expanded service from all the various governments and government agencies they sell these capabilities to.
I fully subscribe this point of view as it also shares similarities with my previous comment[1] regarding this subject as well. I know this has been said before, but I say it again : The US government (mostly Homeland Security) is aiming to spend[2] - if the requirements are fulfilled by Coinbase - a total of $4,480,060 USD for the very same company that they are trying to regulate. While Coinbase bashes the governments on the outside and social networks, they are ranking up millions from the clients whose rights they so deeply care but only when they are not selling them to governmental entities.

Each and every day I advise someone regarding BTC I try my best to steer people to P2P markets. Yes the rates are a bit higher but it comes to a point that we either have to value our privacy as human beings and accept higher prices, or just be a pawn in a chess game where the King plays in both sides...

[1]https://bitcointalksearch.org/topic/m.59665149
[2]https://techinquiry.org/explorer/vendor/coinbase%2C%20inc./
legendary
Activity: 2268
Merit: 18771
i wonder how many new support tickets people will put in who are having trouble with this migration. i had a support ticket sit open for months before an actual person replied. another time they closed my support ticket without even responding, all i got was an automated message saying it had been closed. shitty company.
That's Coinbase for you. Their subreddit is permanently filled with people complaining their support ticket has been ignored for months, tickets closed without resolution, accounts locked for no reason, and so on.

Interesting that they sold out... that is one way to make money from creating a "free" wallet I suppose Undecided
The value is in your data. Bread Wallet claimed to have over 10 million users. What do Coinbase have to gain from buying them out? Many of those users would move over to Coinbase's wallet, but they don't make any money from that. Some might then go on to sign up at Coinbase, sure, but most people using Bread Wallet probably already had established accounts at various exchanges, and don't need another one, so not much money to be made there either. More exposure and brand recognition? Maybe. But the data of ~10 million users? Extremely valuable indeed, especially when that data can be linked in to Coinbase's in house blockchain analysis company, which then allows them to charge more for this larger and expanded service from all the various governments and government agencies they sell these capabilities to.
HCP
legendary
Activity: 2086
Merit: 4363
Ahhh good ol' BRD wallet... I remember getting annoyed at that wallet years ago because the developer had implemented this thing where you had to enforce a bunch of security features on your device for the wallet to work. I don't recall the specific details but I vaguely remember it annoyed me greatly at the time because I was heavily into Android OS development/testing and it was making life difficult trying to do that and test "Bread" (as it used to be known).

Interesting that they sold out... that is one way to make money from creating a "free" wallet I suppose Undecided
legendary
Activity: 2282
Merit: 3014
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.


I’m sorry but no, I will not chill out about Coinbase. They are a corrupt scumbag company who’s been pulling corrupt bullshit on their customers for years. This is yet just another example of why they are one of the worst companies on the planet and that’s not an exaggeration. I’ve called them the PayPal of Crypto for years because that’s exactly who they are. Brian is a snake who doesn’t give two shits about his customers. Spends a ridiculously little amount on customer support and I’m amazed anyone still uses them (mostly those who don’t know any better).

 This bread wallet take over is a complete mess and shows exactly who they are.


Thanks everyone for the guidance, my buddy helped me move my coins off bread a few hours ago.


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... Cheesy


Lol exactly


this.

also, the "if you don't like them then use another service" argument is kind of weak. you are almost forced to use them if you are in the usa. no matter if you like them or not. they should be more heavily regulated with regards to how they interact with customers to ensure customers are being provided the best possible customer service. For example, having a phone #. That should be a requirement of them. And another would be to answer fast. as it is right now, they just thumb their nose at customers and if something goes wrong all you can do is submit a support ticket and who knows how long that will take if they ever act on it at all.

i wonder how many new support tickets people will put in who are having trouble with this migration. i had a support ticket sit open for months before an actual person replied. another time they closed my support ticket without even responding, all i got was an automated message saying it had been closed. shitty company.

Nah you don’t have to use Coinbase what so ever. There are better exchanges like Kraken, Gemini and even Binance US and there’s certainly tons of hot and hard wallet options better to use than their hot wallet.

I agree with you, they need to amp up there customer services big time. However it’s not much better today than when I made my first transaction with them back in 2014, about the same level of support which is absolutely insane considering they’ve now gone public and raised billions, not to mention make billions. It’s unacceptable.
sr. member
Activity: 1190
Merit: 469
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.


this.

also, the "if you don't like them then use another service" argument is kind of weak. you are almost forced to use them if you are in the usa. no matter if you like them or not. they should be more heavily regulated with regards to how they interact with customers to ensure customers are being provided the best possible customer service. For example, having a phone #. That should be a requirement of them. And another would be to answer fast. as it is right now, they just thumb their nose at customers and if something goes wrong all you can do is submit a support ticket and who knows how long that will take if they ever act on it at all.

i wonder how many new support tickets people will put in who are having trouble with this migration. i had a support ticket sit open for months before an actual person replied. another time they closed my support ticket without even responding, all i got was an automated message saying it had been closed. shitty company.
legendary
Activity: 2268
Merit: 18771
Is there no way to search through say a thousand derivation paths of a seed quickly for balance?  Maybe there are a few default ones as you say, would be helpful to have a list for future reference and if others here are confronted with the same issue, maybe they get to find their path by themselves and chime in here.
There are multiple ways you can try.

Importing the seed phrase to Electrum and selecting "Detect existing accounts" as we discussed above will find the most common ones.

You can also extract your master public key and paste it in to this website: https://blockpath.com/wallets/local/101?action=appxpub. The problem with this is that since it uses a master public key, you cannot derive any hardened paths and so it is of very limited use for scanning a master public key from a seed phrase. Rather, it would be good for scanning an extended public key from a level already after the hardened paths, such as at m/44'/0'/0'.

There is this website which tells you the derivation paths for many of the most common wallets: https://walletsrecovery.org/

Alternatively you can stick you seed phrase in to an offline version of https://iancoleman.io/ and generate any derivation paths you like. This is only really useful if you know the address you are looking for though, since otherwise you would need to import every address you generate in to a wallet to check for balance.
legendary
Activity: 882
Merit: 1873
Crypto Swap Exchange
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... Cheesy
It is rather a very bad move on their side.  Will bring some new users to their Coinbase wallet but is forcefully moving Bread users to Coinbase going to work as they plan?  Because I doubt so.  People tend to reject an idea when it becomes enforced.  In fact, they even tend to do the opposite.

I used Bread myself and it was a good wallet.  But I always had some reticence to whatever Coinbase has created.  Now I am even more disgusted by their doings.

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.
Is there no way to search through say a thousand derivation paths of a seed quickly for balance?  Maybe there are a few default ones as you say, would be helpful to have a list for future reference and if others here are confronted with the same issue, maybe they get to find their path by themselves and chime in here.

-
Regards,
PrivacyG
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
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
legendary
Activity: 2268
Merit: 18771
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.
sr. member
Activity: 1190
Merit: 469

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... Cheesy

legendary
Activity: 1148
Merit: 3117
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 ?  Wink

[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/
legendary
Activity: 2212
Merit: 7064
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.
legendary
Activity: 2268
Merit: 18771
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://bitcointalksearch.org/topic/m.59658088), 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.
legendary
Activity: 2282
Merit: 3014
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!
legendary
Activity: 2268
Merit: 18771
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! Roll Eyes)

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.
legendary
Activity: 2380
Merit: 5213
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.
legendary
Activity: 2268
Merit: 18771
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.
legendary
Activity: 2618
Merit: 6452
Self-proclaimed Genius
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
Quote
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.
legendary
Activity: 2380
Merit: 5213
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.
sr. member
Activity: 1190
Merit: 469

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.  Angry



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.
legendary
Activity: 3472
Merit: 3217
Playbet.io - Crypto Casino and Sportsbook
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.
legendary
Activity: 2282
Merit: 3014
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!
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
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.
legendary
Activity: 2380
Merit: 5213
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.
legendary
Activity: 2212
Merit: 7064
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.
staff
Activity: 3500
Merit: 6152
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.
legendary
Activity: 2282
Merit: 3014
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.  Angry

Any advice / suggestions appreciated!



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