Cake Wallet vs Trust Wallet
Cake Wallet has the higher grade on both axes: Safety 7.4 against 5.3, and Privacy 8.6 against 7.0.
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 →
Trust Wallet
Widely used self-custodial multi-chain mobile wallet and browser extension with third-party swaps and on-ramps
Privacy
7.0/ 10
Strong
Safety
5.3/ 10
Caution
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| Cake Wallet | Trust Wallet | |
|---|---|---|
| Category | Wallets | Wallets |
| KYC policy | ID never required | No ID mentioned |
| Custody | Non Custodial | Non Custodial |
| Sign-up | No account needed | No account needed |
| Open source | Yes | No |
| Tor onion address | No | No |
| Coins | XMR, BTC, ETH, LTC, USDT | BTC, ETH, BNB, SOL, USDT, USDC, TRX |
| Pay with | Not published | Crypto, Card |
| Founded | 2018 | Not published |
| Jurisdiction | Not published | Hong Kong (governing law) |
| Not available in | Not published | Comprehensively US-sanctioned countries and regions, including Cuba, Iran, North Korea, Syria, Crimea, Donetsk and Luhansk |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Cake Wallet
Accepts MoneroOpen source5+ years operating
Both
No registrationNo email neededNo phone neededNon-custodialThird-party liquidity
Only Trust Wallet
Closed source
Where they sit among wallets
Questions
Is Cake Wallet or Trust Wallet safer?
Cake Wallet has the higher Safety grade: Cake Wallet 7.4, Trust Wallet 5.3, out of 10.
Does Cake Wallet or Trust Wallet require KYC?
Cake Wallet is KYC level 0 (ID never required). Trust Wallet is KYC level 1 (no ID mentioned).
Which has more incidents on record?
Cake Wallet has 0 and Trust Wallet has 0 documented incidents in the registry.