Cake Wallet vs Gem Wallet

Cake Wallet4.3/5

VS

Gem Wallet4.6/5

Feature	Cake WalletVisit	Gem WalletVisit
Ratings
Our score	4.3/5	4.6/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.5
Ease of use	4.0	4.5
Chain support	4.0	5.0
Features	4.0	4.0
Privacy	5.0	5.0
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, Arbitrum, Base, Polygon, Avalanche, Sui, Aptos, TON, Tron, Hyperliquid, Cosmos, Other
Platforms	iOS, Android, macOS, Linux	iOS, Android
Open source	Yes	Yes
Hardware wallet support	Yes	Not disclosed
In-app swaps	Yes	Yes
Staking	Not disclosed	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	Biometric authentication, 12-word seed phrase backup, Apple Keychain integration, Google Tink encryption
Recovery without a seed phrase	No	No
Built-in dApp browser	No	Yes
Swap fee	Not disclosed	0.5%
Perpetuals trading	No	Not disclosed
Company
Founded	2018	2023
Headquarters	—	United Arab Emirates
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	Fully open-source mobile application audited by CertiK in April 2026 Requires no account creation, email address, or identity verification Supports over 100 distinct blockchains within a single interface Integrated DEX aggregator compares routes across 23 swap providers
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 client or web browser extension available Swaps carry a 0.5% fee in addition to standard network costs No social recovery alternative for the seed phrase
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Mobile multichain crypto management, Privacy-focused self-custody, Direct cross-chain swaps without exchanges

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