CryptoReview
Submit listing

Balance vs Cake Wallet

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

Balance2.7/5
VS
Cake Wallet4.3/5
Feature
BalanceVisit
Cake WalletVisit
Ratings
Our score2.7/54.3/5
User ratingNo reviews yetNo reviews yet
Security2.54.5
Ease of use3.04.0
Chain support2.54.0
Features2.54.0
Privacy3.05.0
Specs
KYC requiredNot disclosed No
Wallet typeNot disclosedMobile, Desktop
CustodyNot disclosedSelf-custodial
ChainsNot disclosedBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other
PlatformsNot disclosediOS, Android, macOS, Linux
Open sourceNot disclosed Yes
Hardware wallet supportNot disclosed Yes
In-app swapsNot disclosed Yes
Buy crypto in appNot disclosed Yes
Security featuresNot disclosedPIN 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
HeadquartersUnited States—
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • The Balance prototype demonstrated sending Ether through Optimism
  • Public GitHub repository
  • 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
  • Permanent loss of funds if the recovery seed phrase is lost
  • Team size listed as 1 to 10 employees
  • 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 forEthereum layer 2 users, Self-custodial asset holders, Users sending Ether through OptimismMonero 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.

More comparisons

Cake Wallet vs Gem WalletCake Wallet vs KeplrCake Wallet vs Klever WalletCake Wallet vs Status