Cake Wallet vs ShapeShift

Cake Wallet4.3/5

VS

ShapeShift4.2/5

Feature	Cake WalletVisit	ShapeShiftVisit
Ratings
Our score	4.3/5	4.2/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Ease of use	4.0	4.0
Chain support	4.0	4.5
Features	4.0	4.0
Privacy	5.0	4.5
Specs
KYC required	No	No
Wallet type	Mobile, Desktop	Mobile, Web
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	Ethereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
Platforms	iOS, Android, macOS, Linux	iOS, Android
Open source	Yes	Yes
Hardware wallet support	Yes	Yes
In-app swaps	Yes	Yes
Staking	Not disclosed	Yes
Buy crypto in app	Yes	Yes
WalletConnect	Not disclosed	Yes
Security features	PIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-Fee	Not disclosed
Recovery without a seed phrase	No	Not disclosed
Built-in dApp browser	No	Not disclosed
Swap fee	Not disclosed	0%
Perpetuals trading	No	Not disclosed
Company
Founded	2018	2014
Headquarters	—	Switzerland
Investors	Not disclosed	Earlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
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	Zero platform commission fees charged on decentralized trades No identity verification or KYC required to swap or store funds Covers more than 10,000 assets across 48 native blockchains Direct hardware wallet connectivity for Ledger and Tangem devices
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	Third-party routing protocols and automated market makers impose variable swap fees and spreads Cross-chain execution risks depend entirely on third-party bridge and DEX contract security Users bear total responsibility for managing unassisted seed-phrase recovery Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	KYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration users

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