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AnkerPay vs Cake Wallet

How AnkerPay vs Cake Wallet compare on our ratings, wallet specs, funding, pros and cons.

AnkerPay3.0/5
VS
Cake Wallet4.3/5
Feature
AnkerPayVisit
Cake WalletVisit
Ratings
Our score3.0/54.3/5
User ratingNo reviews yetNo reviews yet
Security3.04.5
Ease of use3.54.0
Chain support2.54.0
Features3.04.0
Privacy3.05.0
Specs
KYC requiredNot disclosed No
Wallet typeMobile, DesktopMobile, Desktop
CustodySelf-custodialSelf-custodial
ChainsBitcoin, Ethereum, Solana, BNB Chain, Polygon, Tron, OtherBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other
PlatformsAndroid, iOS, Windows, macOSiOS, Android, macOS, Linux
Open sourceNot disclosed Yes
Hardware wallet supportNot disclosed Yes
In-app swaps Yes Yes
Staking NoNot disclosed
Buy crypto in app Yes Yes
Security featuresSPV verification, Private key exportPIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee
Recovery without a seed phraseNot disclosed No
Built-in dApp browserNot disclosed No
Perpetuals tradingNot disclosed No
Company
Founded—2018
HeadquartersSouth Africa—
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Lightweight SPV architecture keeps mobile storage use minimal
  • Direct compatibility with physical AnkerATMs across South Africa
  • Self-custodial key storage preserves user control of assets
  • In-app token swaps through AnkerSwap
  • Fully open source under the MIT license
  • Self-custodial design requires no user account creation or identity verification
  • Built-in Tor routing conceals IP addresses when broadcasting transactions
  • Integrates hardware signing devices alongside an air-gapped phone signing option
Cons
  • No built-in staking or passive yield earning features
  • Cash settlement is available in South African Rand through the regional ATM and POS network
  • Native in-app bridging is restricted to USDT across Ethereum, Polygon, and Arbitrum
  • In-app exchange rates and fiat purchases carry external third-party provider fees
  • Fee customization and bumping tools are unavailable on Solana, Tron, and Arbitrum
  • Requires users to manage seed phrase backups without automated social recovery
Best forSouth African crypto retail users, Traders using physical Bitcoin ATMs, Holders of UTXO payment coinsMonero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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