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Cake Wallet vs QIE Wallet

How Cake Wallet vs QIE Wallet compare on our ratings, wallet specs, funding, pros and cons.

Cake Wallet4.3/5
VS
QIE Wallet3.5/5
Feature
Cake WalletVisit
QIE WalletVisit
Ratings
Our score4.3/53.5/5
User ratingNo reviews yetNo reviews yet
Security4.53.0
Ease of use4.04.0
Chain support4.04.0
Features4.04.0
Privacy5.03.0
Specs
KYC required No No
Wallet typeMobile, DesktopMobile, Browser extension
CustodySelf-custodialSelf-custodial
ChainsBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, OtherBitcoin, Ethereum, BNB Chain, Solana, Tron, Avalanche, Polygon, Arbitrum, TON, Other
PlatformsiOS, Android, macOS, LinuxiOS, Android, Chrome
Open source YesNot disclosed
Hardware wallet support YesNot disclosed
In-app swaps Yes Yes
StakingNot disclosed Yes
NFT supportNot disclosed Yes
Buy crypto in app Yes Yes
WalletConnectNot disclosed Yes
Security featuresPIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-FeeRecovery phrase backup, Two-factor authentication toggle
Recovery without a seed phrase NoNot disclosed
Built-in dApp browser No Yes
Perpetuals trading NoNot disclosed
Company
Founded20182022
Headquarters——
InvestorsNot disclosedNot 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 private key storage across Bitcoin, Solana, and major EVM chains
  • QR retail payments accepted at over 31,000 South African stores via Zapper
  • Free human-readable .qie payment identifiers included upon setup
  • Built-in QIE staking offering yields up to 15% APY
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
  • Premium multichain ID handles require a fee between $5 and $15
  • Fiat card purchases and swaps depend on third-party aggregators
Best forMonero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware walletsSouth African shoppers using QR crypto payments, Users wanting readable Web3 payment handles, QIE token holders staking for yield

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