Cake Wallet
Shares rank 3 of 4 cryptocurrency wallets by recommenders
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.
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.
7 people gave an opinion
- recommend it
- 5
- criticize it
- 2
- approval share
- 71%
Recommended in 4 of 13 months
- November 2025: recommended
- December 2025: not recommended
- January 2026: not recommended
- February 2026: not recommended
- March 2026: not recommended
- April 2026: recommended
- May 2026: recommended
- June 2026: not recommended
- July 2026: not recommended
- August 2026: not recommended
- September 2026: not recommended
- October 2026: recommended
- November 2026: not recommended (month in progress)
Why it doesn’t carry the badge
- 5 people recommend itNeeds 10 or more, not met.
- 2.5 recommenders for every criticNeeds 2 to 1 or better, met.
- Recommended in 4 of 13 monthsNeeds 4 or more, met.
The same three rules apply to every product, and the badge can’t be bought. How the badge works
What people say about it
The reasons people give, with the number of comments that give each one. Open a reason to read what they said.
Why people recommend it
Each mark is one comment
Easy self-custody without hardware
“I keep a modest amount in Cake Wallet, not on an exchange. No hardware needed.”
Comment from 29 Oct 2026 in “Binance-hacker-1029 – $5.6B stolen from Binance” “If one has an app like Cake Wallet, it's easy.”
Comment from 13 Nov 2025 in “Bitcoin's big secret: How cryptocurrency became law enforcement's secret weapon” Trusted by long-time users
“I've been a long time user and never saw reports of cake wallet being insecure or people losing their wallet money from there.”
Comment from 30 Nov 2025 in “Chainalysis Successful Deanonymization Attack on Monero” “apps like CakeWallet, where their node is used and assumed as trustworthy”
Comment from 30 Nov 2025 in “Chainalysis Successful Deanonymization Attack on Monero”
What people warn about
Each mark is one comment
Wallet-draining bug caused real losses
“the bug is reproducible with real funds on all versions since their "liquid glass"redesign on Android”
Comment from 8 Sep 2026 in “Cake Wallet has a wallet-draining bug” “we lost $35,000 USD worth of Monero to a divide by zero bug in Cake Wallet”
Comment from 10 Oct 2026 in “House with 15m underground tunnels for sale for 300k” Assumes its node is trustworthy
“apps like CakeWallet, where their node is used and assumed as trustworthy”
Comment from 30 Nov 2025 in “Chainalysis Successful Deanonymization Attack on Monero”
Other cryptocurrency wallets people recommend
The three most recommended other cryptocurrency wallets, with the same counts for each, so you can compare like for like. The tick on each bar marks the 2 to 1 line the badge needs.
| Product | Recommend | Criticize | Approval | Months | Owned | Badge |
|---|---|---|---|---|---|---|
| Ledger hardware wallet | 11 | 47 | 19% | 4 | — | — |
| Trezor Safe 5 | 6 | 4 | 60% | 2 | — | — |
| Cake WalletThis page | 5 | 2 | 71% | 4 | — | — |
| Coldcard hardware wallet | 5 | 20 | 20% | 3 | — | — |
What people said
8 of the 9 comments that mention it, newest first. Each links to the original comment.
“I keep a modest amount in Cake Wallet, not on an exchange. No hardware needed.”
“we lost $35,000 USD worth of Monero to a divide by zero bug in Cake Wallet”
“the bug is reproducible with real funds on all versions since their "liquid glass"redesign on Android”
“Create a self-custody wallet for Litecoin, I recommend CakeWallet.”
“which is cross-platform, user friendly, and does a lot of good for the community”
“I've been a long time user and never saw reports of cake wallet being insecure or people losing their wallet money from there.”
“apps like CakeWallet, where their node is used and assumed as trustworthy”
“If one has an app like Cake Wallet, it's easy.”
Counts come from 1,795,640 Hacker News comments, November 2025 to November 2026. How we count. Report a mistake.