Cake Wallet vs Lumo Wallet

Cake Wallet4.3/5

VS

Lumo Wallet3.9/5

Feature	Cake WalletVisit	Lumo WalletVisit
Ratings
Our score	4.3/5	3.9/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Ease of use	4.0	4.0
Chain support	4.0	4.0
Features	4.0	4.5
Privacy	5.0	3.0
Specs
KYC required	No	No
Wallet type	Mobile, Desktop	Mobile, Desktop
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	Bitcoin, Ethereum, Solana, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Tron, Other
Platforms	iOS, Android, macOS, Linux	iOS, Android, macOS, Windows
Open source	Yes	Not disclosed
Hardware wallet support	Yes	Yes
In-app swaps	Yes	Yes
Staking	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	AES-256 local encryption, Biometric authentication, Passcode protection, Hardware wallet support, Cyberscan AI transaction insights
Recovery without a seed phrase	No	No
Built-in dApp browser	No	Not disclosed
Swap fee	Not disclosed	0.4%
Perpetuals trading	No	Not disclosed
Company
Founded	2018	2026
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	Non-custodial architecture with AES-256 local encryption and hardware wallet support Independent Cyberscope security audit completed with a 100% score Flat 0.4% swap fee regardless of the routing provider Zero issuance fee for the virtual Lumo Basic debit card
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	Short operational history following its July 2026 public launch Debit cards and fiat ramps require KYC verification through external partners Lumo Card Checkout holds business funds custodially until payout Tokenized stock and card availability depends on country-specific partner coverage
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Users spending crypto with debit cards, Multi-chain traders wanting low swap fees, Merchants accepting crypto payments online

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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