Cake Wallet vs Yoroi Wallet

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

VS
Feature
Ratings
Our score4.3/52.1/5
User ratingNo reviews yetNo reviews yet
Security4.51.0
Ease of use4.02.5
Chain support4.01.5
Features4.02.5
Privacy5.03.5
Specs
KYC required No No
Wallet typeMobile, DesktopBrowser extension, Mobile
CustodySelf-custodialSelf-custodial
ChainsBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, OtherOther
PlatformsiOS, Android, macOS, LinuxChrome, Firefox, Edge, iOS, Android
Open source Yes Yes
Hardware wallet support Yes Yes
In-app swaps Yes Yes
StakingNot disclosed Yes
Buy crypto in app YesNot disclosed
Security featuresPIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-FeeHardware wallet integration, Local key storage, Seed phrase backup
Recovery without a seed phrase No No
Built-in dApp browser NoNot disclosed
Perpetuals trading No No
Company
Founded20182018
Headquarters——
InvestorsNot disclosedNot 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
  • Open-source codebase backed by Cardano founding entity EMURGO
  • Direct hardware wallet support via Trezor and Ledger
  • Self-custodial design where users retain control of seed phrases
  • Lightweight client that skips full node blockchain syncing
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
  • Permanently shut down in July 2026 following a 16.1 million ADA exploit
  • No longer supports active transfers, dApp connections, or new account creation
  • Limited historically to the Cardano and Ergo ecosystems
  • Affected by a signing flaw that compromised 374 user wallets
Best forMonero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware walletsFormer users migrating seed phrases, Checking affected exploit address status, Auditing historical Cardano transaction balances

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