Cake Wallet

Cake Wallet is an open-source, non-custodial cryptocurrency wallet supporting 16+ blockchains — including Solana with native Jupiter DEX swaps — built by Cake Labs and used by over 1.75 million people since 2018.

Cake Wallet launched in 2018 as the first iOS wallet for Monero and has since grown into a broad multi-chain wallet maintained by Cake Labs LLC, a company registered in Orlando, Florida. The wallet runs on iOS, Android, Linux, and Windows, requires no account or KYC to use, and keeps private keys entirely on the user's device. Its MIT-licensed codebase is publicly auditable on GitHub under the cake-tech organization.

Supported Networks and Assets

Cake Wallet supports a wide range of networks: Bitcoin (with Lightning), Ethereum, Polygon, Base, Arbitrum, BNB Smart Chain, Solana, Tron, Litecoin, Bitcoin Cash, Dogecoin, Zcash, Nano, Decred, Wownero, and Zano. Token standards covered include ERC-20, BEP-20, SPL, and TRC-20. Each network runs as a separate wallet with its own seed; users can hold multiple wallets of any type within a single app instance.

Solana Integration

Cake Wallet's Solana support lets users store SOL and SPL tokens within the same self-custodial environment as the rest of their portfolio. USDC and USDT are enabled by default; additional tokens from Cake's curated list can be toggled on in settings, and any SPL token can be added manually via mint address. The wallet derives keys using the standard Solana derivation path (m/44'/501'/0'/0') from a 12- or 24-word BIP39 seed, with optional passphrase support. Solana fees are set automatically — there are no manual priority-fee tiers — reflecting the network's characteristically low costs. SOL is required to pay network fees even when sending SPL tokens.

In January 2026 (v5.7), Cake Wallet added in-app Solana swaps powered by Jupiter, Solana's dominant DEX aggregator. The integration routes swap orders through Jupiter's smart routing, which surveys liquidity across multiple Solana DEXs to find the best execution price for each trade. Swaps settle on-chain and remain non-custodial throughout; no third-party account is needed. The same update also added Blink API support, which allows users to initiate on-chain transactions via blockchain links shared outside the wallet.

Bitcoin and Lightning

Cake Wallet's Bitcoin implementation includes two privacy technologies that most wallets omit: Silent Payments, which generate one-time addresses preventing address reuse tracking, and PayJoin v2, which breaks the common-input-ownership heuristic used by blockchain analytics services. Custom node support allows users to validate against their own Bitcoin full node rather than a Cake-operated server.

Lightning Network support launched in March 2026 using Breez SDK combined with a Cake-built Spark integration. Unlike custodial Lightning wallets, Cake Wallet maintains user key control without requiring manual channel management or node uptime. The implementation does not embed the user's Spark address in Lightning invoices, and transaction data is not published to public block explorers by default — a deliberate design choice to limit on-chain visibility for routine payments.

Privacy Architecture

Privacy is a consistent design principle across Cake Wallet's integrations. Tor routing is available natively within the app, channeling traffic through the Tor network to mask IP addresses from node operators. The wallet imposes no account creation, email address, or identity verification requirement at any point in its core functionality. Fiat on-ramps are available through partner providers via Onramper and others; those partners apply their own KYC independently of the wallet.

Zcash support, added in January 2026, defaults to shielded transactions — using privacy-preserving z-addresses rather than transparent addresses. This is the technically correct default for Zcash privacy but not universally adopted by wallets that carry ZEC. BirdPay allows sending ZEC to an X (formerly Twitter) username rather than a full Zcash address, and Zcash.me aliases provide human-readable handles that resolve to shielded addresses.

Ethereum and EVM Networks

Ethereum, Polygon, Base, Arbitrum, and BNB Smart Chain are all supported with ERC-20 and BEP-20 token management. Arbitrum was added in January 2026 as an Ethereum Layer 2, reducing fees while maintaining Ethereum's security model. A February 2026 update added improved EVM balance fetching, retrieving token balances more efficiently across EVM-compatible chains. Hardware wallet pairing is supported for Ledger, Trezor, COLDCARD, and BitBox02, enabling cold storage access directly from the app interface.

Built-in Exchange and Cake Pay

Swaps are available for most supported networks through third-party providers without leaving the app or creating exchange accounts. Solana swaps specifically use Jupiter's on-chain routing rather than a centralized intermediary. Swap limits and fees vary by provider and trading pair.

Cake Pay is an in-app service that lets users purchase gift cards from major retailers using cryptocurrency. It is available across the wallet's main supported assets and extends to over 140 countries via Cake Pay Web. Cake Labs also operates Monero.com, a companion app and resource hub for the Monero community.

Open Source and Company Structure

Cake Wallet is MIT-licensed and its full codebase is published on GitHub. Development is led by Cake Labs LLC, a named US company founded by Vikrant Sharma — a meaningful distinction from privacy wallets developed by anonymous teams. The practical trade-off is US legal jurisdiction. Per WalletScrutiny's assessment, builds are not yet reproducible, meaning users must trust the binaries distributed through app stores rather than independently verifying them against the published source.

Cake Wallet began with a focused privacy thesis — the first iOS Monero wallet — and has expanded that philosophy outward: self-custodial Lightning with on-chain fallback, shielded-by-default Zcash, Tor integration, and Bitcoin Silent Payments sit alongside Solana's Jupiter-powered DeFi access and broad EVM coverage in a single app that requires no account to use.