Overview
Cake Wallet started in 2018 as one of the first Monero wallets for iPhone. It has grown into a multi-coin, privacy-focused, open-source wallet supporting Monero, Bitcoin, Litecoin, Ethereum, Solana, Tron, Polygon and more. It is self-custody and collects no personal data.
Features
- Full Monero wallet with subaddresses and your own node option.
- Bitcoin privacy tools: Silent Payments, coin control and PayJoin.
- Litecoin MWEB private transactions.
- Built-in exchange between coins through partner services.
- Available on iOS, Android, macOS, Windows and Linux.
- Hardware wallet support for some coins.
Security
Cake Wallet is fully open source. A bug in older Bitcoin wallets created in 2020–2021 meant some seeds had weak randomness; Cake Wallet warned affected users to move their funds. No major hack of the app has been reported.
Pros and cons
Pros
- Excellent privacy features.
- One of the best Monero wallets.
- Open source and no tracking.
- Built-in coin exchange.
Cons
- Exchange rates through partners can be high.
- Interface is functional rather than polished.
- Past weak-seed issue on old Bitcoin wallets.
Who it’s for
Cake Wallet is for privacy-minded users, especially Monero holders and Bitcoin users who care about on-chain privacy.
Verdict
Cake Wallet is one of the best privacy wallets available — open source, multi-coin and genuinely private. A top pick for Monero.