Cake Wallet vs Citowise

Cake Wallet4.3/5

VS

Citowise3.0/5

Feature	Cake WalletVisit	CitowiseVisit
Ratings
Our score	4.3/5	3.0/5
User rating	No reviews yet	No reviews yet
Security	4.5	2.5
Ease of use	4.0	3.0
Chain support	4.0	3.5
Features	4.0	3.0
Privacy	5.0	3.5
Specs
KYC required	No	No
Wallet type	Mobile, Desktop	Mobile
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	Ethereum, Bitcoin, Other
Platforms	iOS, Android, macOS, Linux	iOS, Android
Open source	Yes	Not disclosed
Hardware wallet support	Yes	Yes
In-app swaps	Yes	Yes
Buy crypto in app	Yes	Yes
Security features	PIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee	PIN protection, Encrypted local storage, Hardware wallet integration
Recovery without a seed phrase	No	No
Passkey login	Not disclosed	No
Built-in dApp browser	No	Not disclosed
Perpetuals trading	No	No
Company
Founded	2018	2016
Headquarters	—	Estonia
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	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	Non-custodial key storage on user devices without mandatory registration Direct integration with Trezor and Ledger Nano S hardware wallets Support for Bitcoin, Ethereum, Bitcoin Cash, and ERC-20 tokens
Cons	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users to manage seed phrase backups without automated social recovery	Project has shut down and mobile apps are no longer maintained Past removal from the Google Play Store required manual APK installation No modern security features like MPC recovery or passkey authentication
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Historical wallet research, Cold storage mobile pairing, Early ERC-20 token tracking

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