Coincu
Cake Wallet
Crypto Wallets

Cake Wallet

7.2/10
Score
Cake Wallet
Crypto Wallets

Cake Wallet Review

7.2/10
Good
Cake Wallet
Cake Wallet
By Andrej Gjorgievski · Contributing Author
Verdict

Genuine non-custodial design, a fully open MIT-licensed codebase, category-leading Monero support, real multichain coverage, hardware pairing, and a named US team with eight years of operating history behind roughly 1.75 million users. Free and account-free, with nothing mislabeled anywhere in the product. What holds it out of the 8s is specific. The 2021 Bitcoin weak-key bug was a real key-generation failure — long fixed, Monero never touched, but part of the record. Builds are not reproducible, so the open code cannot yet be independently matched to the shipped binary, and no third-party audit report is public. On top of that you have the inherent hot-wallet risk, the missing browser extension, and sync friction for novices.

Pros
  • Fully open source under an MIT license
  • Non-custodial, no account, no wallet-level KYC
  • Reference mobile Monero wallet since 2018
  • 17+ chains and Lightning from one seed
  • Pairs with Ledger hardware wallets
Cons
  • Hot wallet — keys live on a connected device
  • 2021 BTC weak-key bug, fixed in v4.1.7
  • Builds not reproducible per WalletScrutiny
  • No public third-party audit report
  • No browser extension for dApp use

FAQ

Written by
Andrej Gjorgievski
Contributing Author
Fact-checked by
George Ong
Last updated
Jul 27, 2026