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Cake Wallet vs Coinomi

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

Cake Wallet4.3/5
VS
Coinomi3.9/5
Feature
Cake WalletVisit
CoinomiVisit
Ratings
Our score4.3/53.9/5
User ratingNo reviews yetNo reviews yet
Security4.53.0
Ease of use4.04.0
Chain support4.04.5
Features4.04.0
Privacy5.04.5
Specs
KYC required No No
Wallet typeMobile, DesktopMobile, Desktop
CustodySelf-custodialSelf-custodial
ChainsBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, OtherEthereum, Bitcoin, Solana, BNB Chain, Tron, Other
PlatformsiOS, Android, macOS, LinuxiOS, Android, Windows, macOS, Linux
Open source YesNot disclosed
Hardware wallet support Yes No
In-app swaps Yes Yes
StakingNot disclosed Yes
NFT supportNot disclosed Yes
Buy crypto in app Yes Yes
WalletConnectNot disclosed Yes
Security featuresPIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-FeeBIP44 recovery phrase, Local key encryption, IP masking proxy, Custom node connection, UTXO control
Recovery without a seed phrase No No
Passkey loginNot disclosed No
MultisigNot disclosed No
Built-in dApp browser No Yes
Perpetuals trading No No
Company
Founded20182014
Headquarters——
InvestorsNot disclosedNot 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
  • Native support for 50+ blockchains and 10,000+ assets in one app
  • Zero platform fees for basic sending and receiving
  • Operates without account registration or mandatory identity verification
  • Allows users to connect directly to their own Bitcoin full node
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
  • Lacks hardware wallet integrations with devices like Ledger or Trezor
  • A 2019 desktop flaw leaked seed phrases to Google's spell check API
  • Third-party swap and fiat partners charge variable spreads and fees
Best forMonero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware walletsMulti-chain cryptocurrency holders, Users running personal Bitcoin nodes, Cross-platform desktop and mobile traders

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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