Cake Wallet vs Wasabi Wallet
A detailed comparison to help you choose between Cake Wallet and Wasabi Wallet.
Cake Wallet Multi-coin wallet with built-in exchange. | Wasabi Wallet Bitcoin privacy wallet with built-in CoinJoin. | |
|---|---|---|
| Rating | 4.2 (361 reviews) | 4.5 (160 reviews) |
| Pricing Model | free | free |
| Starting Price | Free | Free |
| Best For | Best for users seeking privacy and security tools | Best for cryptocurrency users protecting financial privacy |
| Free Tier | ||
| API Access | ||
| Team Features | ||
| Open Source | ||
| Tags | — | — |
Cake Wallet
Pros
- + Non-custodial; you control your keys
- + Open-source codebase on GitHub
- + Granular privacy settings, including Tor-only toggles
- + Built-in swap with multiple provider options
- + Air-gapped hardware wallet QR workflow support
- + Silent Payments support for Bitcoin privacy
Cons
- - Swaps and buy/sell depend on third-party providers
- - Using Cake nodes can expose IP and sync metadata
- - Tor mode setup can be confusing or brittle
- - Supported coins can change over time
Wasabi Wallet
Pros
- + Free, open-source (MIT) and non-custodial
- + WabiSabi CoinJoin protocol with coordinator privacy goals
- + Automatic CoinJoin with configurable strategies and thresholds
- + Rejects coordinators charging explicit coordination fees
- + RPC interface enables automation and scripting
Cons
- - CoinJoin requires a configured coordinator; defaults changed in 2024
- - CoinJoin not possible directly from hardware wallets
- - Privacy gains depend on round quality and user behavior
- - Regulatory pressure impacted zkSNACKs coordinator availability
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