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BlueWallet vs Cake Wallet

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

BlueWallet3.5/5
VS
Cake Wallet4.3/5
Feature
BlueWalletVisit
Cake WalletVisit
Ratings
Our score3.5/54.3/5
User ratingNo reviews yetNo reviews yet
Security4.04.5
Ease of use3.54.0
Chain support1.54.0
Features4.04.0
Privacy4.55.0
Specs
KYC requiredNot disclosed No
Wallet typeMobile, DesktopMobile, Desktop
CustodySelf-custodialSelf-custodial
ChainsBitcoinBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other
PlatformsiOS, AndroidiOS, Android, macOS, Linux
Open source Yes Yes
Hardware wallet support Yes Yes
In-app swaps No Yes
Staking NoNot disclosed
NFT support NoNot disclosed
Buy crypto in app No Yes
Security featuresBiometric authentication, Multisig vaults, Watch-only wallets, Coin control, Payjoin, RBF, CPFP, Plausible deniability, Own-node connectionPIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee
Recovery without a seed phrase No No
Passkey login NoNot disclosed
Multisig YesNot disclosed
Built-in dApp browser No No
Perpetuals trading No No
Company
Founded20172018
Headquarters——
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Self-custodial keys remain on the device
  • Open-source software under the MIT license
  • Supports multisig, watch-only and hardware signing
  • User-controlled Bitcoin transaction fees
  • 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
  • Supports BTC and Lightning only
  • Lightning requires a connected backend
  • Lightning is described as experimental
  • Self-custody makes seed-phrase loss financially irreversible
  • 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 forBitcoin self-custody, Watch-only Bitcoin wallets, Multisig cold storageMonero 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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