Cake Wallet review covering its Monero privacy tools, Bitcoin Silent Payments support, built-in swaps, and post-MyMonero role as of September 2026.
Cake Wallet is an open-source non-custodial wallet available on iOS, Android, and desktop. It delivers native support for Monero alongside Bitcoin and additional assets, with private keys held locally on the user's device.
The wallet applies Monero's ring signatures, stealth addresses, and RingCT by default. Users can route traffic through Tor, connect to their own remote nodes, sign with Ledger or Trezor hardware, and enable background Monero sync. Monero seeds default to the 16-word Polyseed format.
Bitcoin features include full Silent Payments (BIP 352) send and receive support plus Lightning via the Spark and Breez SDK. Built-in swaps execute directly through third-party providers without an exchange account.
Version 6.4.5, released 20 September 2026, incorporates recent Lightning, Solana, and Zcash updates while maintaining the focus on usability. After the MyMonero service ended on 6 January 2026, Cake Wallet assumed stewardship of the user base without requiring view-key sharing, establishing itself as the primary lightweight Monero mobile option.
Cake Wallet activates Monero’s ring signatures, stealth addresses, and RingCT on every transaction by default. Ring signatures mix the true sender with decoys, stealth addresses create one-time destination keys, and RingCT conceals amounts so observers see neither the value nor the participants.
Wallets default to a 16-word Polyseed. Users may also restore with the legacy 25-word seed or a BIP39 phrase. After the first outgoing transaction, the app automatically generates a fresh subaddress and displays it for the next receive. Multiple accounts can be created inside one wallet file, letting users keep separate balances without exporting new seeds.
Node choice is left to the user: connect to any remote node or run your own. Tor routing is available as an optional toggle for the entire session. Hardware signing works with Ledger and Trezor devices over USB or Bluetooth, so private keys never leave the device. Background sync keeps the Monero balance and transaction history current even when the app is not open, reducing the need for manual refreshes on mobile.
All of these tools run locally with the user holding the keys. No view key is shared with Cake or any third party, preserving the on-chain privacy guarantees that Monero provides.
Cake Wallet implements Bitcoin support through BIP 352 Silent Payments, which lets users generate reusable sp1 addresses. Each incoming payment automatically derives a unique on-chain Taproot address, eliminating the need to publish fresh addresses for every transaction.
Scanning occurs entirely on-device against a tweak-capable Electrum server. Users can fall back to Cake’s own electrs.cakewallet.com:50001 node or specify a custom server and restrict the scan to a chosen date, height, or block range to limit computation.
PayJoin transactions are supported natively, allowing collaborative inputs that break common chain-analysis heuristics. Lightning functionality arrives via the Spark and Breez SDKs, delivering self-custodial payments without requiring users to open or manage channels.
Hardware wallet signing for Bitcoin works with both Ledger and Trezor devices over USB or Bluetooth, including full passphrase support. All signing operations keep private keys off the phone or desktop, while the wallet still presents the same Silent Payments and PayJoin flows for hardware-protected funds.
Cake Wallet routes swaps through a selection of third-party providers directly in the app, eliminating any need for separate exchange accounts. Users choose from centralized services with no KYC for most swaps including ChangeNOW, Exolix and Trocador, alongside decentralized options such as Chainflip, Jupiter for Solana assets, and NEAR Intents.
The process begins by selecting a trading pair, such as XMR to BTC or dozens of other combinations across supported networks. The interface displays available quotes, which may be floating rate for potentially better pricing or fixed rate to lock in the amount at the start. After reviewing the quote and confirming details, the swap executes on-chain without additional Cake Wallet intervention.
Only the chosen provider’s fee and standard network costs apply. Cake Wallet itself adds no markup or service charge. Providers handle the actual exchange, with swap IDs available for tracking even after a provider like Swaps.xyz was removed in version 6.4.4.
| Feature | Cake Wallet | Official Monero GUI | Exodus | Feather Wallet |
|---|---|---|---|---|
| Privacy defaults | Ring signatures, stealth addresses and RingCT active by default; Tor routing and local key control | Full local node with same Monero privacy primitives enabled | Basic multi-asset privacy; no Monero ring signatures | Monero defaults with local node focus and minimal metadata exposure |
| Swap integration | Built-in registration-free swaps via ChangeNOW, Exolix, Trocador, Chainflip and Jupiter | None built-in | Integrated swaps but often custodial routes | None built-in |
| Silent Payments | Full BIP 352 send/receive support with on-device scanning | Not applicable (Monero-only) | Not supported | Not applicable (Monero-only) |
| Node control | Remote nodes, Tor option and fallback electrs.cakewallet.com server | Full local node required or chosen | No node selection | Local or custom remote node with strong user control |
| Hardware support | Ledger and Trezor for Bitcoin and Monero signing over USB/Bluetooth | Ledger and Trezor via Monero-specific tools | Limited hardware wallet options | Ledger support for Monero |
Cake Wallet stands out for users who want Monero privacy combined with Bitcoin Silent Payments and in-app swaps without leaving the application. The official Monero GUI offers maximum node sovereignty and identical privacy primitives yet requires separate tools for any cross-asset movement. Exodus provides a polished multi-asset interface but lacks Monero’s default privacy features and node options. Feather Wallet mirrors Cake’s Monero focus on desktop while emphasizing local node operation, yet it omits swaps and Silent Payments entirely. Traders who value on-device scanning for reusable addresses and provider choice for swaps therefore find Cake’s combination of features more complete than the alternatives listed.
Remote nodes can see your IP address and transaction timestamps even when Tor routing is enabled. Cake Wallet lets users select or run their own nodes to reduce this exposure, but any third-party node still receives connection metadata.
Scanning runs on-device against a tweak-capable Electrum server. The app falls back to Cake’s electrs.cakewallet.com:50001 server when needed; users can limit the scan to a specific date, height, or block range to control battery and data use.
Review the quoted rate, provider type, and any KYC requirements shown before confirming. Centralized options with no KYC for most swaps such as ChangeNOW, Exolix, and Trocador sit alongside decentralized routes like Chainflip, Jupiter, and NEAR Intents; Cake Wallet adds no extra fee.
Ledger and Trezor devices are supported for signing. The 6.4.x releases added native Bitcoin signing over USB or Bluetooth plus passphrase handling for both vendors.
Import your 16-word Polyseed or 25-word seed directly into Cake Wallet. The service ended on 6 January 2026 with data destruction by 6 February 2026; Cake does not receive view keys during migration.
Yes. Point the wallet at any compatible Electrum server you control; the app accepts custom server addresses for both scanning and broadcasting.
