Cake Wallet vs Ownbit

Cake Wallet4.3/5

VS

Ownbit3.7/5

Feature	Cake WalletVisit	OwnbitVisit
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	3.5
Chain support	4.0	4.5
Features	4.0	4.0
Privacy	5.0	4.0
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	Bitcoin, Ethereum, Solana, BNB Chain, Optimism, Tron, Other
Platforms	iOS, Android, macOS, Linux	iOS, Android
Open source	Yes	No
Hardware wallet support	Yes	No
In-app swaps	Yes	Yes
NFT support	Not disclosed	Yes
Buy crypto in app	Yes	Not disclosed
WalletConnect	Not disclosed	Yes
Security features	PIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee	Air-gapped QR signing, Multi-signature (m-of-n), Biometric authentication (Face ID), Local key encryption, BIP39 recovery phrase
Recovery without a seed phrase	No	No
Passkey login	Not disclosed	No
Multisig	Not disclosed	Yes
Built-in dApp browser	No	Yes
Perpetuals trading	No	No
Company
Founded	2018	2018
Headquarters	—	Singapore
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	Eliminates dedicated hardware wallet costs by using offline smartphones as air-gapped signers Self-custodial keys remain encrypted locally without central server custody Supports native multisig on Bitcoin, XRP Ledger, and Stellar without third-party smart contracts No identity verification or account KYC required to set up wallets
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 commercial third-party security audits completed for application code Advanced multisig tiers require annual subscriptions ranging from $69 to $599 Forgotten wallet passwords cannot be recovered without an offline seed phrase backup Desktop and browser extension interfaces are unavailable
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Teams managing multi-signature treasury assets, Users creating air-gapped phone cold storage, Self-custody setups requiring no KYC

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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