Cake Wallet vs Edge Wallet

Cake Wallet4.3/5

VS

Edge Wallet3.7/5

Feature	Cake WalletVisit	Edge WalletVisit
Ratings
Our score	4.3/5	3.7/5
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	3.5
Privacy	5.0	4.5
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, Solana, BNB Chain, Optimism, Polygon, Avalanche, TON, Tron, Base, Other
Platforms	iOS, Android, macOS, Linux	iOS, Android
Open source	Yes	Yes
Hardware wallet support	Yes	No
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	Client-side encryption, Zero-knowledge architecture, PIN login, Biometric login, Duress Mode, Two-factor authentication, Automatic cloud backup
Recovery without a seed phrase	No	Yes
Passkey login	Not disclosed	No
Built-in dApp browser	No	Not disclosed
Perpetuals trading	No	No
Company
Founded	2018	2014
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	Automatic cloud backups eliminate the need to write down manual seed phrases Direct support for privacy-focused coins including Monero, Zcash, and Zano Requires no personal identity verification App client code is published under an open-source BSD-3-Clause license
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	No desktop application or browser extension is available Does not connect to hardware wallets like Ledger or Trezor A 2023 incident compromised roughly 2,000 keys via unencrypted local disk logs
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Mobile users wanting seedless self-custody, Privacy coin holders using Monero and Zcash, Traders needing cross-chain mobile swaps

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