Cake Wallet vs Zengo

Cake Wallet4.3/5

VS

Zengo3.6/5

Feature	Cake WalletVisit	ZengoVisit
Ratings
Our score	4.3/5	3.6/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Ease of use	4.0	4.0
Chain support	4.0	3.5
Features	4.0	3.5
Privacy	5.0	3.0
Specs
KYC required	No	Not disclosed
Wallet type	Mobile, Desktop	Mobile, MPC
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, Other	Other
Platforms	iOS, Android, macOS, Linux	iOS, Android
Open source	Yes	Not disclosed
Hardware wallet support	Yes	No
In-app swaps	Yes	Yes
Staking	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	Multi-party computation, 3-Factor Recovery, 3D FaceLock biometrics, Cloud backup
Recovery without a seed phrase	No	Yes
Built-in dApp browser	No	Yes
Swap fee	Not disclosed	4%
Perpetuals trading	No	Not disclosed
Company
Founded	2018	—
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 MPC design avoids a traditional seed phrase Recovery uses email, cloud backup and 3D FaceLock Supports 14+ blockchains No Zengo fee for sending, receiving or storing crypto
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 exchange fees reach 4%, before variable liquidity and network fees Recovery depends on email, cloud backup and biometric access ERC-20 transactions require ETH for Ethereum network fees Mobile-only availability limits desktop wallet use
Best for	Monero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware wallets	Mobile self-custody without seed phrases, Users wanting biometric wallet recovery, Multi-chain swapping and staking

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