Long-established open-source Bitcoin wallet with Lightning support
Privacy 8.6
Safety 8.5
Wallets Since 2018 Reviewed 22 Oct 2026
Cake Wallet review
Open-source multi-coin mobile and desktop wallet with strong Monero support
- No account needed
- Accepts Monero
- Never holds your funds
- Open source
- No email needed
- 5+ years operating
ID never required KYC 0 Documentation reviewed
Privacy
8.6/ 10
Excellent
Safety
7.4/ 10
Strong
Based on terms and documentation. No test transactions published yet. See the arithmetic
Cake Wallet review in short
Cake Wallet is a wallet operating since 2018. Its terms put it at KYC level 0 of 4: ID never required. NoKYC Score grades it 8.6/10 for privacy (excellent) and 7.4/10 for safety (strong). In its favour: no account needed, no email needed and no phone number. No incidents are on record.
- Category
- Wallets
- KYC level
- 0 of 4: ID never required
- Grades
- Privacy 8.6/10, Safety 7.4/10
- Sign-up
- No account needed
- Custody
- non-custodial
- Incidents on record
- 0
- Last reviewed
- 22 Oct 2026
Cite this review
NoKYC Score, "Cake Wallet review", reviewed 22 Oct 2026, https://nokycscore.com/service/cake-wallet
Also available as plain text.
What Cake Wallet is
Cake Wallet is an open-source, non-custodial wallet for Monero, Bitcoin, Ethereum, Litecoin and other assets, available on iOS, Android including a direct APK, and Linux. The site says it has operated since 2018 and is used by more than two million people, and describes the software as trustless because users keep their own private keys. A built-in exchange lets users swap between coins through third-party providers, whose own rules on holds and verification apply to those swaps, and the companion Cake Pay service handles spending. No account is needed to create a wallet.
What Cake Wallet offers, and what to watch
8 of 13 privacy and safety features, 0 warnings in its terms.
"Not stated" means its own pages do not say.
Identity
- ID never required Yes The terms rule identity checks out, or the design makes them impossible.
- No account needed Yes Usable without creating an account, or the account is only a random number.
- No email needed Yes An email address is not required to sign up or use it.
- No phone number Yes A phone number is never required.
Payment
- Accepts Monero Yes Monero hides sender, receiver and amount, so the payment cannot be traced to you.
- Accepts Lightning Not stated
Access
- Tor onion address Not stated
- Works without JavaScript Not stated
Trust
- Never holds your funds Yes The operator never controls user funds, so it cannot freeze them.
- Open source Yes The code that matters is public and can be inspected.
- Independent audit Not stated
- Company named Not stated
- 5+ years operating Yes Has operated continuously for five years or more.
Warnings
- May ask for ID Not in terms
- Screens deposits Not in terms
- Holds your funds Not in terms
- Email required Not in terms
- Phone number required Not in terms
- Closed source Not in terms
- Nobody accountable Not in terms
Does Cake Wallet require KYC?
- 0 Never
- 1 Not mentioned
- 2 Rare
- 3 On risk flag
- 4 Mandatory
KYC level 0: ID never required. The terms rule out identity checks, or the design makes them impossible.
Self-custodial wallet with no account; built-in swaps are executed by third-party providers under their own terms.
How the grades add up
Both grades start at 50 points and move by fixed, published amounts. Nothing is adjusted by hand. The total is divided by ten.
Privacy
8.6- Starting points 50
- KYC level 0: ID never required +20
- No registration +6
- No email needed +3
- No phone needed +1
- Accepts Monero +4
- Open source +2
- Non-custodial +3
- Third-party liquidity -3
- Total, clamped to 0–100 86
Safety
7.4- Starting points 50
- Open source +8
- Non-custodial +12
- 5+ years operating +10
- Third-party liquidity -6
- Total, clamped to 0–100 74
Test ledger
Real transactions run by our editors. A badge without a ledger is an assertion; this is the proof.
No test transactions published yet
The grades above rest on Cake Wallet’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.
Incidents on record
No incidents are on record for Cake Wallet. If you have a documented case, report it.
User reviews
Reviews never change a grade. Reviews with a transaction reference are marked.
No reviews yet.
Write a review
Create an account to write a review. It takes ten seconds and needs no email: you get a random key and a random name. Already have a key? Sign in.
Alternatives to Cake Wallet
All alternatives → 
Self-custodial mobile Lightning wallet from ACINQ with automatic channels and swaps
Privacy 8.6
Safety 8.5
Open-source desktop Bitcoin wallet that routes all traffic through Tor
Privacy 8.9
Safety 8.0
Open-source self-custodial Bitcoin and Lightning wallet and remote node manager
Privacy 8.6
Safety 8.0
Cake Wallet vs ElectrumCake Wallet vs PhoenixCake Wallet vs Wasabi WalletCake Wallet vs ZEUS
Cake Wallet: common questions
Does Cake Wallet require KYC?
Cake Wallet is rated KYC level 0 of 4 on this site: ID never required. Self-custodial wallet with no account; built-in swaps are executed by third-party providers under their own terms.
Is Cake Wallet safe to use?
Cake Wallet has a Safety grade of 7.4 out of 10 and a Privacy grade of 8.6 out of 10. No incidents are on record. Evidence level: documentation reviewed.
Is Cake Wallet legit?
Cake Wallet is a working wallet that has operated since 2018. Being real is not the same as being safe: its Safety grade here is 7.4 out of 10, built from custody, liquidity, track record and incidents.
Is Cake Wallet a scam?
NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. No incidents are on record for Cake Wallet.
Do I need an account or email to use Cake Wallet?
No account needed.
Does Cake Wallet have a Tor onion address?
No official onion address was found on Cake Wallet's own pages.
Which cryptocurrencies does Cake Wallet support?
Cake Wallet supports XMR, BTC, ETH, LTC, USDT.
Can I use Cake Wallet over Tor?
Cake Wallet does not publish an official onion address.
Listing history
- Listing added. Facts and KYC level set from the service's own terms and documentation.