Review on CAKE wallet by Yinka Yemisi
The first open source and mobile wallet
it was launched in 2018. It happen to be the first open source and mobile wallet for monero and iOS. The purpose of creating, is to help many people to know or understand and use crypto currency. For new users, there are simply ways to use the wallet and for existing users there are many features for them to enjoy.
Early this year 2020, android version also added. Which means cake wallet can be used on mobile devices like Android phone, it can be download on app store and its free to download, with mobile version, users have access their wallet anytime and anywhere. It has private key, it is safe on users mobile phone there is n need to worry that other users are seen their transactions. Each users are n charge of their assets.
Multiple wallet can be managed on cake wallet at the same time .
It has seed that must be kept, if the phone lost the seed will be used to recover users found.
Pros
- Users can send, receive and exchange crypto currency
- It can be used to exchange monero and other crypto currency
- User can set face ID or fingerprints for security reasons.
- Only the wallet owner have access to private key
Cons
- It sometimes takes time to synchronize
New products
Comments (1)
August 29, 2020
CAKE wallet support many cryptocurrency. The wallet can be used for exchange because it support the exchanging cryptocurrency winch makes it unique from other wallet that can be used for keeping cryptocurrency. You should note that while it make things easy it not always save to keep the asset in the hot wallet because hackers usually target it.
