Cake Wallet vs Daedalus

Cake Wallet4.3/5

VS

Daedalus3.1/5

Feature	Cake WalletVisit	DaedalusVisit
Ratings
Our score	4.3/5	3.1/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.5
Ease of use	4.0	2.5
Chain support	4.0	1.0
Features	4.0	3.0
Privacy	5.0	4.0
Specs
KYC required	No	No
Wallet type	Mobile, Desktop	Desktop
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	Other
Platforms	iOS, Android, macOS, Linux	Windows, macOS, Linux
Open source	Yes	Yes
Hardware wallet support	Yes	Yes
In-app swaps	Yes	No
Staking	Not disclosed	Yes
NFT support	Not disclosed	Yes
Buy crypto in app	Yes	No
Security features	PIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee	Full-node validation, Hardware wallet integration, Hierarchical deterministic addresses
Recovery without a seed phrase	No	No
Passkey login	Not disclosed	No
Built-in dApp browser	No	No
Perpetuals trading	No	No
Company
Founded	2018	2015
Headquarters	—	—
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	Operates as a self-custodial full node that independently validates every transaction Open-source software developed by Cardano creator Input Output Global Compatible with Ledger and Trezor hardware wallets No platform software fees beyond standard Cardano network fees
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	Requires substantial local storage and lengthy syncing to download the Cardano blockchain No mobile application support for iOS or Android Supports only Cardano and cannot store assets from other blockchains No built-in fiat on-ramp or decentralized exchange swap interface
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Cardano full-node operators, ADA stakers using hardware wallets, Users prioritizing independent blockchain validation

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