Review on CAKE wallet by Paul Maduagwu
Cake is a good choice for storing Monero $XMR
Cake wallet is a non-custodial cryptocurrency wallet for Monero $XMR. Here only the user can access funds on the wallet. Setup is simple and can be completed in under a minute. All that is required for creating a wallet on Cake is a secure pin and making sure you backup your recovery phrase.
One of my favorite feature on the wallet is the option to use dark mode which is what i prefer in most applications. The wallet can be unlocked using pin or biometrics, which makes the experience a bit more seamless.
Its a truly anonymous wallet, as no KYC is required, users can create multiple accounts and wallet addresses to boost anonymity. The wallet also has a handy Exchange built in to make quick Exchanges through ChangeNow Exchange provider. Overall the wallet looks good, simple UI and anonymous but there isn't much else that can be done on the wallet.
Pros
- Available for Android and IOS mobile.
- Good social media presence and customer support.
- Non-custodial, only users can access their funds.
- Multiple fiat currencies to customize portfolio tracking.
- Easy User interface.
- Biometric authentication option.
- Built in Exchange.
Cons
- The UX can be confusing for new users. Especially when multiple addresses and accounts are created.
