Cake Wallet vs Phantom

Cake Wallet4.3/5

VS

Phantom3.8/5

Feature	Cake WalletVisit	PhantomVisit
Ratings
Our score	4.3/5	3.8/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.5
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	Not disclosed
Wallet type	Mobile, Desktop	Mobile, Browser extension
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	Solana
Platforms	iOS, Android, macOS, Linux	iOS, Android, Chrome, Firefox, Edge, Brave
Open source	Yes	Not disclosed
Hardware wallet support	Yes	Yes
In-app swaps	Yes	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	Scam detection, Transaction warnings, Spending limits
Recovery without a seed phrase	No	Not disclosed
Built-in dApp browser	No	Yes
Perpetuals trading	No	Yes
Company
Founded	2018	2021
Headquarters	—	United States
Investors	Not disclosed	Paradigm, Sequoia Capital, Variant, a16z crypto +8
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	Self-custodial custody across five supported networks Available on iOS, Android and four browsers: Chrome, Firefox, Edge and Brave 20M+ users reported on October 17, 2026 Ledger connection adds hardware-wallet support
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	Seed-phrase loss can permanently block access Sui and Monad support have been deprecated Not available to UK users Perpetuals add liquidation and market risk
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Solana and multichain users, Mobile wallet users, On-chain traders

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