Cake Wallet vs Xverse

Cake Wallet4.3/5

VS

Xverse3.7/5

Feature	Cake WalletVisit	XverseVisit
Ratings
Our score	4.3/5	3.7/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.5
Ease of use	4.0	4.0
Chain support	4.0	3.0
Features	4.0	4.5
Privacy	5.0	3.5
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	Bitcoin, Other
Platforms	iOS, Android, macOS, Linux	iOS, Android, Chrome
Open source	Yes	Yes
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, Seed phrase encryption, Hardware wallet support, Independent audits
Recovery without a seed phrase	No	Not disclosed
Built-in dApp browser	No	Not disclosed
Perpetuals trading	No	Yes
Company
Founded	2018	2021
Headquarters	—	—
Investors	Not disclosed	Draper Associates, Draper Dragon, Trust Machines
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 wallet with Ledger and Keystone support Supports Bitcoin, Stacks, Starknet and Spark Ordinals, Runes and stablecoin features are built in Least Authority regularly audits the code
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	Swap costs include network, liquidity-provider and Xverse fees Earn rates are variable and rewards are not guaranteed Fiat providers may impose separate identity requirements A 2023 Chrome extension issue exposed unencrypted seed phrases under certain conditions
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Bitcoin and Ordinals users, Stacks and Bitcoin L2 users, Hardware wallet users

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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