Cake Wallet vs Ledger Wallet (formerly Ledger Live)
Cake Wallet has the higher grade on both axes: Safety 7.4 against 6.9, and Privacy 8.6 against 8.2.
Cake Wallet
Open-source multi-coin mobile and desktop wallet with strong Monero support
Privacy
8.6/ 10
Excellent
Safety
7.4/ 10
Strong
ID never required KYC 0 Docs reviewed Full review →
Ledger Wallet (formerly Ledger Live)
Open-source companion app for Ledger hardware wallets, renamed from Ledger Live
Privacy
8.2/ 10
Strong
Safety
6.9/ 10
Fair
ID never required KYC 0 Docs reviewed Full review →
Side by side
| Cake Wallet | Ledger Wallet (formerly Ledger Live) | |
|---|---|---|
| Category | Wallets | Wallets |
| KYC policy | ID never required | ID never required |
| Custody | Non Custodial | Non Custodial |
| Sign-up | No account needed | No account needed |
| Open source | Yes | Yes |
| Tor onion address | No | No |
| Coins | XMR, BTC, ETH, LTC, USDT | BTC, ETH, SOL, XRP, USDT, USDC |
| Pay with | Not published | Crypto, Card, Bank transfer |
| Founded | 2018 | Not published |
| Jurisdiction | Not published | France |
| Not available in | Not published | Ledger may restrict access in certain countries; users must not be on sanctions lists |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Cake Wallet
Accepts Monero5+ years operating
Both
No registrationNo email neededNo phone neededOpen sourceNon-custodialThird-party liquidity
Only Ledger Wallet (formerly Ledger Live)
Legal entity disclosed
Where they sit among wallets
Questions
Is Cake Wallet or Ledger Wallet (formerly Ledger Live) safer?
Cake Wallet has the higher Safety grade: Cake Wallet 7.4, Ledger Wallet (formerly Ledger Live) 6.9, out of 10.
Does Cake Wallet or Ledger Wallet (formerly Ledger Live) require KYC?
Cake Wallet is KYC level 0 (ID never required). Ledger Wallet (formerly Ledger Live) is KYC level 0 (ID never required).
Which has more incidents on record?
Cake Wallet has 0 and Ledger Wallet (formerly Ledger Live) has 0 documented incidents in the registry.