Cake Wallet
Open-source non-custodial multi-currency crypto wallet
Performances
RD Popularity Index
RD Growth Index
Comparison
Follow Updates
Follow Lists
People
About Cake Wallet
Cake Wallet is an open-source, non-custodial multi-currency wallet available on Android, iOS, macOS, and Linux. It supports major cryptocurrencies like Bitcoin (BTC), Monero (XMR), Ethereum (ETH), Litecoin (LTC), and others, along with ERC-20 tokens. The wallet emphasizes privacy and user control: private keys remain on the user's device, and it offers built-in features such as a crypto exchange, QR code payments, and optional Tor integration for enhanced anonymity. Its core value proposition is simplifying multi-asset management while prioritizing security and privacy, especially for Monero users who need advanced privacy features like subaddresses and view keys.
Market pain points Cake Wallet addresses include the complexity of managing multiple wallets for different coins, privacy concerns with custodial services, and the need for a user-friendly interface without sacrificing control. By being open-source and non-custodial, it builds trust and allows community audits. The wallet also supports fiat on-ramps and a built-in exchange, reducing friction for new users.
In the past six months (March to September 2026), Cake Wallet released v6.0.0 (around March 2026) with a redesigned UI and integration of the Lightning Network via the Spark protocol, enabling fast and low-cost Bitcoin transactions. This was followed by v6.3.0 (around July 2026) which added home screen transaction history, improved alias resolution (OpenAlias, ENS, Unstoppable Domains), precision handling for amounts, and upgraded the Flutter engine for better performance. A notable negative: Windows desktop builds were paused during this period due to a planned rewrite of the desktop app, leaving Windows users on older versions. Also, some users reported sync delays for certain coins, though these were not widely confirmed as critical issues.
Founded in 2018 as an open-source multi-currency wallet. In 2020, integrated Monero to strengthen privacy. In 2024, introduced Bitcoin Silent Payments support, enabling addressless receiving; also integrated Payjoin v2 and Tor for enhanced transaction privacy; added Litecoin MimbleWimble Extension (MWEB); and launched dEURO stablecoin. These milestones mark long-term shifts toward user-controlled privacy and decentralized finance.
Cake Wallet has made significant strides in the past six months. In March 2026, it integrated Bitcoin Lightning Network support via the Breez SDK and Spark protocol, enabling self-custodial, private Lightning transactions without node management. This was followed by v6.0.0, which introduced a redesigned interface and optimized performance, and v6.1.2, adding native USDT bridging across Ethereum, Polygon, and Arbitrum, plus Trezor hardware wallet support for Monero. Privacy remains a core focus: Cake implemented a custom Spark suite that avoids embedding Spark addresses in invoices and prevents transaction data from being published to public explorers by default. Looking ahead, Cake Wallet plans to deepen its Lightning ecosystem, expand cross-chain capabilities, and further enhance privacy defaults, aiming to make Lightning practical without compromising custody or anonymity.
Vik Sharma (also known as Vikrant Sharma) is the CEO and founder of Cake Wallet. He is an experienced business builder and early crypto investor focused on privacy-first products. He started acquiring and mining Bitcoin in November 2013, and later created Cake Wallet in January 2018 as a Monero-only wallet, expanding to Bitcoin and other assets over time. He moved the company headquarters to Nevis and Saint Kitts for precautionary legal reasons. His LinkedIn: https://www.linkedin.com/in/vikrant-s-1b975072/; Twitter: https://x.com/vikrantnyc.