# Cake Wallet

5 Hacker News commenters recommended Cake Wallet and 2 criticized it, November 2025 to November 2026. It was recommended in 4 of 13 months.

**Verdict:** Free self-custody crypto wallet app that long-time users trust for Monero and Litecoin. Critics point to a wallet-draining bug that caused real fund losses.

## Why people recommend it

- Easy self-custody without hardware (2 comments): "I keep a modest amount in Cake Wallet, not on an exchange. No hardware needed." ([source](https://news.ycombinator.com/item?id=50297357)) "If one has an app like Cake Wallet, it's easy." ([source](https://news.ycombinator.com/item?id=45916294))
- Trusted by long-time users (2 comments): "I've been a long time user and never saw reports of cake wallet being insecure or people losing their wallet money from there." ([source](https://news.ycombinator.com/item?id=46095624)) "apps like CakeWallet, where their node is used and assumed as trustworthy" ([source](https://news.ycombinator.com/item?id=46093324))

## What people warn about

- Wallet-draining bug caused real losses (2 comments): "the bug is reproducible with real funds on all versions since their "liquid glass"redesign on Android" ([source](https://news.ycombinator.com/item?id=49618770)) "we lost $35,000 USD worth of Monero to a divide by zero bug in Cake Wallet" ([source](https://news.ycombinator.com/item?id=50038023))
- Assumes its node is trustworthy (1 comments): "apps like CakeWallet, where their node is used and assumed as trustworthy" ([source](https://news.ycombinator.com/item?id=46093324))

## Alternatives hackers recommend

- [Trezor Safe 5](https://hackerapproved.com/p/trezor-hardware-wallet.md): 6 recommend

## Cite as

Hacker Approved, "Cake Wallet", https://hackerapproved.com/p/cake-wallet/ (counts from 1,795,640 Hacker News comments, November 2025 to November 2026).