Cake Wallet vs Coinbase Wallet

Cake Wallet4.3/5

VS

Coinbase Wallet3.5/5

Feature	Cake WalletVisit	Coinbase WalletVisit
Ratings
Our score	4.3/5	3.5/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.0
Ease of use	4.0	4.0
Chain support	4.0	4.0
Features	4.0	4.5
Privacy	5.0	2.5
Specs
KYC required	No	Not disclosed
Wallet type	Mobile, Desktop	Mobile, Browser extension, Web
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	Ethereum
Platforms	iOS, Android, macOS, Linux	iOS, Android, Chrome
Open source	Yes	Not disclosed
Hardware wallet support	Yes	Not disclosed
In-app swaps	Yes	Yes
NFT support	Not disclosed	Yes
Buy crypto in app	Yes	Yes
Security features	PIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee	Self-custody, Limit orders, Candlestick charts
Recovery without a seed phrase	No	Not disclosed
Built-in dApp browser	No	Yes
Swap fee	Not disclosed	1%
Perpetuals trading	No	Yes
Company
Founded	2018	2018
Headquarters	—	United States
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	Self-custodial access across Bitcoin, Ethereum and Solana Available on iOS, Android and Chrome Includes swaps, charts and limit orders in one wallet Supports tokenized stocks, commodities and prediction markets
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	DEX swaps can carry a Base App fee of up to 1% Network gas, aggregator fees and slippage can raise swap costs Seed-phrase loss can permanently restrict access Perpetuals add leverage and derivatives risk
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Active onchain traders, Multi-chain self-custody, Mobile crypto swaps

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