# Cake Wallet review: KYC policy, privacy and safety grades

> 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.

Source: NoKYC Score, "Cake Wallet review", reviewed 22 Oct 2026, https://nokycscore.com/service/cake-wallet

## Key facts
- **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
- **Official website:** https://cakewallet.com

## What it 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 the terms say about ID
Self-custodial wallet with no account; built-in swaps are executed by third-party providers under their own terms.

## Features and warnings
- **Identity:** ID never required: yes; No account needed: yes; No email needed: yes; No phone number: yes
- **Payment:** Accepts Monero: yes; Accepts Lightning: not stated
- **Access:** Tor onion address: not stated; Works without JavaScript: not stated
- **Trust:** Never holds your funds: yes; Open source: yes; Independent audit: not stated; Company named: not stated; 5+ years operating: yes
- **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

## 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.

## Sources
- https://cakewallet.com
- https://github.com/cake-tech/cake_wallet

How grades are calculated: https://nokycscore.com/methodology