Cake Wallet vs Trust Wallet

Cake Wallet4.3/5

VS

Trust Wallet4.0/5

Feature	Cake WalletVisit	Trust WalletVisit
Ratings
Our score	4.3/5	4.0/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.5
Ease of use	4.0	4.0
Chain support	4.0	4.5
Features	4.0	4.5
Privacy	5.0	4.0
Specs
KYC required	No	No
Wallet type	Mobile, Desktop	Mobile, Browser extension
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	BNB Chain
Platforms	iOS, Android, macOS, Linux	iOS, Android, Chrome
Open source	Yes	Yes
Hardware wallet support	Yes	Not disclosed
In-app swaps	Yes	Yes
Staking	Not disclosed	Yes
NFT support	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	Biometric protection, PIN lock, Built-in Security Scanner, Encrypted cloud backup
Recovery without a seed phrase	No	No
Built-in dApp browser	No	Yes
Perpetuals trading	No	Yes
Company
Founded	2018	2017
Headquarters	—	—
Investors	Not disclosed	Not 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	Self-custodial keys stay on the user's device Supports 100+ blockchains and 10M+ digital assets No account or KYC is required for the wallet Available on iOS, Android and Chrome
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 to funds Chrome extension suffered approximately $7M theft in December 2025 Swap costs can include provider and network charges Staking rewards vary and are not guaranteed
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Multi-chain self-custody, Mobile crypto storage, In-app swaps and staking

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