Cake Wallet vs Solflare

Cake Wallet4.3/5

VS

Solflare3.5/5

Feature	Cake WalletVisit	SolflareVisit
Ratings
Our score	4.3/5	3.5/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.5
Ease of use	4.0	4.0
Chain support	4.0	2.5
Features	4.0	4.5
Privacy	5.0	3.0
Specs
KYC required	No	No
Wallet type	Mobile, Desktop	Mobile, Browser extension, Web
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
Open source	Yes	Not disclosed
Hardware wallet support	Yes	Yes
In-app swaps	Yes	Yes
Staking	Not disclosed	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	Self-custody, Hardware-wallet integration, Google and Apple Quick Login
Recovery without a seed phrase	No	Not disclosed
Built-in dApp browser	No	Not disclosed
Perpetuals trading	No	Yes
Company
Founded	2018	2020
Headquarters	—	—
Investors	Not disclosed	Alliance
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 Solana wallet with mobile, web and Chrome access Hardware-wallet integration supports a separate signing device Native staking has no separate Solflare platform fee 4M+ active users reported by Solflare
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	Solana-focused chain support limits use outside the ecosystem Seed phrase loss and phishing remain self-custody risks Bridge, cards, perps and xStocks add external-provider exposure Instant Unstake costs approximately 0.5% to 3%
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Solana asset holders, SOL stakers, Solana NFT collectors

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