SummaryThis study presents an enhancement of the diffusive‐discrete crack transition scheme (10.1002/nme.7169) to describe dynamic fracture at finite strain. In the enhanced scheme, the crack initiation, propagation, and bifurcation processes are determined from an energy minimization problem based on crack phase‐field theory, and the predicted diffusive crack is replaced by the discrete representation using the finite cover method. In the meantime, numerical damping is introduced to maintain computational stability and avoid distortion of the physical mesh in the finite cover context. By taking advantage of the features of the diffusive‐discrete crack transition scheme, the proposed approach enables us to stably simulate a series of dynamic fracture events involving crack initiation at an arbitrary location, propagation, and bifurcation in arbitrary directions, arbitrary divisions of an original object into multiple portions, and independent motions of divided portions. After spatial and temporal discretizations by the finite cover method and the Newmark method are described, as well as the simulation algorithm of the enhanced finite cover‐based staggered iterative procedure for dynamic fracture, several representative numerical examples are presented to demonstrate the performance and capabilities of the developed approach.