Cake Wallet vs Safe

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

VS
Safe3.9/5
Feature
Ratings
Our score4.3/53.9/5
User ratingNo reviews yetNo reviews yet
Security4.54.5
Ease of use4.03.5
Chain support4.04.0
Features4.04.5
Privacy5.02.5
Specs
KYC required No No
Wallet typeMobile, DesktopMobile, Web, Smart contract wallet
CustodySelf-custodialSelf-custodial
ChainsBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, OtherEthereum
PlatformsiOS, Android, macOS, LinuxiOS, Android
Open source YesNot disclosed
Hardware wallet support Yes Yes
In-app swaps YesNot disclosed
Buy crypto in app YesNot disclosed
Security featuresPIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-FeeMultisig, Programmable access control, Transaction simulation, Risk scanning, Transaction guards, Spending limits, Passkey module, Recovery module
Recovery without a seed phrase No Yes
Passkey loginNot disclosed Yes
MultisigNot disclosed Yes
Built-in dApp browser NoNot disclosed
Perpetuals trading NoNot disclosed
Company
Founded20182018
Headquarters——
InvestorsNot disclosedSignum Capital
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 smart contracts avoid a central asset custodian
  • 18+ independent smart account audits are listed
  • Supports 40+ EVM-compatible networks
  • Hardware wallets including Ledger can sign transactions
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
  • EVM-only coverage excludes Bitcoin and Solana
  • Smart contract transactions can cost more gas than regular accounts
  • Signer loss or coordination failure can block funds
  • A 2025 frontend supply-chain attack targeted a Bybit Safe
Best forMonero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware walletsDAO treasury management, Company onchain accounts, Fund and protocol operations

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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