Cake Wallet: keys, security, fees and reviews
Software wallet
In short
- Key control
- Non-custodial: only the user holds the private keys and seed phrase.
- Fees
- Wallet: Free; no fee to send or receive, only the network fee
- Risks and caveats
- Cake cannot recover funds or reset a PIN; deleting the wallet without a seed phrase or encrypted backup means the funds are lost.
- Checked
- 28 October 2026
Visitor ratings: do you like Cake Wallet?
Key facts
- Wallet type
- Software wallet
- Who holds the keys
- the user (self-custody)
- Developer
- Cake Technologies, LLC
- Platforms
- iOS, Android, desktop
- Open source
- yes
- Official site
- cakewallet.com
Key facts checked on 28 October 2026 against official sources.
What is Cake Wallet
Cake Wallet is a free, open-source, non-custodial multi-currency wallet for Android, iOS, macOS and Linux, made by Cake Labs LLC. It was founded in 2018 as the first Monero wallet for iOS and now also supports Bitcoin, Ethereum, Litecoin, Solana, Tron, Zcash and other networks, with built-in swaps and privacy features.
Who holds the keys
| Parameter | Details |
|---|---|
| Key control | Non-custodial: only the user holds the private keys and seed phrase. |
| Recovery | Cake cannot access, freeze, reverse or recover a wallet; restoring requires the seed phrase or an encrypted backup. |
| Account model | No accounts, logins or KYC to use the wallet itself. |
| Seed phrase | The app PIN is stored only on the device and cannot be reset; a locked-out user must restore from the seed phrase. |
Features and supported networks
| Parameter | Details |
|---|---|
| Platforms | Android, iOS, macOS and Linux; Windows builds are paused during a desktop redesign |
| Supported networks | Monero, Bitcoin (incl. Lightning), Litecoin, Ethereum, Solana, Tron, Polygon, Arbitrum, Base, BNB Smart Chain, Zcash, Zano, Decred, Bitcoin Cash, Dogecoin, Nano |
| Swaps | In-app swaps via third-party providers, including decentralised ones (Chainflip, Jupiter, Near Intents) and the Trocador aggregator |
| Buy / sell | Buy crypto with card or bank and sell by bank transfer through third-party providers |
| Privacy (CoinJoin, Tor) | Tor integration, Bitcoin Silent Payments and Litecoin MWEB |
| Hardware wallet support | Ledger and Trezor (Monero, Bitcoin, Litecoin, Ethereum, Polygon); BitBox on Android |
Security and audits
- Open source under the MIT License; the code is on GitHub (cake-tech/cake_wallet).
- Vulnerabilities are reported privately via a GitHub security advisory or encrypted email; Cake Labs aims to acknowledge within 2 business days and may pay discretionary rewards.
- Only the latest release on each platform receives security fixes.
Fees
| Parameter | Details |
|---|---|
| Wallet | Free; no fee to send or receive, only the network fee |
| Swaps | Swap and buy/sell providers build their spread or fee into the quoted rate |
History
| Date | Event |
|---|---|
| 2017 | Vikrant Sharma founded Cake Labs. |
| 2018 | Cake Wallet launched as the first Monero wallet for iOS. |
| 20 January 2026 | Zcash support went live. |
| 2 March 2026 | Bitcoin Lightning support launched. |
Risks and caveats
- Cake cannot recover funds or reset a PIN; deleting the wallet without a seed phrase or encrypted backup means the funds are lost.
- Swaps and buy/sell run through third-party providers, whose rates and fees apply and which fall outside Cake's security scope.
- Windows builds are currently paused, so there is no up-to-date Windows app.
About the developer
- Developer
- Cake Labs LLC, which also runs Cake Pay, Monero.com and Cupcake
- Legal entity
- Cake Labs LLC, a limited liability company formed under the laws of Nevis
- Founders
- Vikrant Sharma, founder and CEO
Official links
- Website: cakewallet.com
- Docs: docs.cakewallet.com
- Source code: github.com/cake-tech/cake_wallet
- Download: github.com/cake-tech/cake_wallet/releases
- Security: cakewallet.com/security
- Blog: blog.cakewallet.com
Questions and answers
Is Cake Wallet self-custodial?
Yes. Only the user holds the private keys and seed phrase; Cake cannot access, freeze or recover a wallet.
Is Cake Wallet open source?
Yes. The code is on GitHub under the MIT License.
Which coins does Cake Wallet support?
Monero, Bitcoin (including Lightning), Litecoin, Ethereum, Solana, Tron, Polygon, Arbitrum, Base, BNB Smart Chain, Zcash, Zano, Decred, Bitcoin Cash, Dogecoin and Nano.
Does Cake Wallet charge fees?
Sending and receiving is free apart from network fees; swap and buy/sell providers build their fee into the quoted rate.
Who makes Cake Wallet?
Cake Labs LLC, a Nevis company led by founder and CEO Vikrant Sharma.
Sources
- cakewallet.com
- apps.apple.com
- Cake Wallet — About Us
- Cake Wallet — Security & Vulnerability Disclosure
- Cake Wallet — Terms of Use
- Cake Wallet Docs — Common questions
- Cake Wallet Docs — Swap
- Cake Wallet Docs — Hardware wallet
- Cake Wallet GitHub — README
- Cake Wallet Blog
More in this section
How voting works
Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.
Page updated: