Lumo Wallet vs ShapeShift

How Lumo Wallet vs ShapeShift compare on our ratings, wallet specs, funding, pros and cons.

Feature	Lumo Wallet Visit	ShapeShift Visit
Ratings
Our score	3.9/5	4.2/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.0
Ease of use	4.0	4.0
Chain support	4.0	4.5
Features	4.5	4.0
Privacy	3.0	4.5
Specs
KYC required	No	No
Wallet type	Mobile, Desktop	Mobile, Web
Custody	Self-custodial	Self-custodial
Chains	Bitcoin, Ethereum, Solana, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Tron, Other	Ethereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
Platforms	iOS, Android, macOS, Windows	iOS, Android
Open source	Not disclosed	Yes
Hardware wallet support	Yes	Yes
In-app swaps	Yes	Yes
Staking	Yes	Yes
Buy crypto in app	Yes	Yes
WalletConnect	Not disclosed	Yes
Security features	AES-256 local encryption, Biometric authentication, Passcode protection, Hardware wallet support, Cyberscan AI transaction insights	Not disclosed
Recovery without a seed phrase	No	Not disclosed
Swap fee	0.4%	0%
Company
Founded	2026	2014
Headquarters	United States	Switzerland
Investors	Not disclosed	Earlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
Strengths and weaknesses
Pros	Non-custodial architecture with AES-256 local encryption and hardware wallet support Independent Cyberscope security audit completed with a 100% score Flat 0.4% swap fee regardless of the routing provider Zero issuance fee for the virtual Lumo Basic debit card	Zero platform commission fees charged on decentralized trades No identity verification or KYC required to swap or store funds Covers more than 10,000 assets across 48 native blockchains Direct hardware wallet connectivity for Ledger and Tangem devices
Cons	Short operational history following its July 2026 public launch Debit cards and fiat ramps require KYC verification through external partners Lumo Card Checkout holds business funds custodially until payout Tokenized stock and card availability depends on country-specific partner coverage	Third-party routing protocols and automated market makers impose variable swap fees and spreads Cross-chain execution risks depend entirely on third-party bridge and DEX contract security Users bear total responsibility for managing unassisted seed-phrase recovery Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best for	Users spending crypto with debit cards, Multi-chain traders wanting low swap fees, Merchants accepting crypto payments online	KYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration 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.