Cake Wallet vs Keplr: Privacy Tools vs IBC Ecosystem
Cake Wallet and Keplr are self-custodial, open-source crypto wallets designed for different on-chain priorities. Founded in 2018 by Cake Labs LLC, Cake Wallet focuses on personal privacy and multi-chain storage. It provides native Monero support, Tor routing, and Bitcoin Silent Payments across mobile and desktop platforms.
Keplr, launched in 2021 by Chainapsis, serves as a hub for the Cosmos Inter-Blockchain Communication ecosystem and supports almost 350 blockchains. While Cake Wallet lacks a built-in decentralized application browser and staking dashboards, it integrates directly with offline hardware signers like Trezor, BitBox, and Coldcard alongside Ledger. Keplr includes native staking, governance voting, and a decentralized application browser, but it charges a 0.75% fee markup on in-app token swaps and lacks native storage for Solana.
Quick verdict
Cake Wallet focuses on privacy features including integrated Tor routing, Silent Payments, and native support for privacy assets. Keplr puts ecosystem connectivity first by pairing staking dashboards and governance votes with direct Cosmos app-chain access across browser extensions and mobile devices.
Choose Cake Wallet if you hold Monero, Zcash, or Bitcoin and need privacy tools such as Tor routing and Silent Payments without dealing with browser extensions.
Choose Keplr if you participate in Cosmos governance, stake assets across IBC chains, or need web browser extensions and in-app decentralized application browsers, provided you accept a 0.75% swap surcharge.
| Feature | ||
|---|---|---|
| Ratings | ||
| Our score | 4.3/5 | 4.1/5 |
| User rating | No reviews yet | No reviews yet |
| Security | 4.5 | 4.0 |
| Ease of use | 4.0 | 4.0 |
| Chain support | 4.0 | 4.5 |
| Features | 4.0 | 4.5 |
| Privacy | 5.0 | 3.5 |
| 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, Bitcoin, BNB Chain, Avalanche, Cosmos, Other |
| Platforms | iOS, Android, macOS, Linux | Chrome, Firefox, Edge, iOS, Android |
| Open source | Yes | Yes |
| Hardware wallet support | Yes | Yes |
| In-app swaps | Yes | Yes |
| Staking | Not disclosed | Yes |
| NFT support | Not disclosed | Yes |
| Buy crypto in app | Yes | Yes |
| WalletConnect | Not disclosed | Yes |
| Security features | PIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee | Hardware wallet integration, 24-word seed phrase, Self-custody |
| Recovery without a seed phrase | No | Not disclosed |
| Multisig | Not disclosed | Yes |
| Built-in dApp browser | No | Yes |
| Swap fee | Not disclosed | 0.75% |
| Perpetuals trading | No | Not disclosed |
| Company | ||
| Founded | 2018 | 2021 |
| Headquarters | — | — |
| Investors | Not disclosed | Binary Builders, Coinbase Ventures |
| Strengths and weaknesses | ||
| Pros |
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| Cons |
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| Best for | Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets | Cosmos and IBC users, Multichain staking, DAO treasury teams |
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.
FAQ
Which wallet charges lower swap fees?
Cake Wallet relies on third-party exchange aggregators with variable rates, whereas Keplr explicitly adds a 0.75% markup on top of its in-app cross-chain token swaps.
Can I use Cake Wallet and Keplr on desktop computers?
Yes, but they use different desktop formats. Cake Wallet provides dedicated desktop applications for macOS and Linux, while Keplr functions as a browser extension on Chrome, Firefox, and Edge.
Which wallet supports Monero?
Cake Wallet supports Monero natively alongside Litecoin MWEB and Zcash. Keplr focuses instead on Cosmos IBC networks, EVM chains, and Bitcoin.
Do Cake Wallet and Keplr connect to hardware wallets?
Both wallets support external hardware signing devices. Cake Wallet connects to Ledger, Trezor, BitBox, and Coldcard, while Keplr connects directly to Ledger devices such as the Ledger Nano X.