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CAKE

CAKE

SPV

CAKE wallet review

CAKE Wallet, launched in 2018, is a user-friendly, non-custodial cryptocurrency wallet designed with privacy in mind, especially for Monero (XMR) enthusiasts. Founded by Vik Sharma, who leads as CEO, the wallet is based in the United States and offers support for multiple cryptocurrencies. It also makes trading simple with its integration of various exchanges, providing an easy and secure way for users to manage their digital assets.

Coins
15
Anonymity
Low
Ease of use
High
Security
High
Platforms
Features
Hierarchical Deterministic (HD)
Open source
Extra services
Exchange
Card attaching
Gift card
Promo bonus
No bonus for now
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CAKE offers

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Earning crypto on CAKE

Both custodial and non-custodial wallets offer ways to earn crypto, often through staking or DeFi tools. While Criffy doesn't have earning offers from CAKE at the moment, you can create an alert in the table above. We'll let you know as soon as these offers become available.

Supported platforms for CAKE

Crypto wallets can run on different platforms and operating systems or be hardware-based. CAKE is a great example, supporting IOS, Android. Criffy strives to keep track of new platforms for each wallet, and if anything changes, we will update the information.

CAKE crypto cards

At the moment, we don't have information on crypto cards from CAKE. However, you can explore and select the right crypto card from other providers. Our selection includes a variety of cards that offer different benefits and features, ensuring you find the best match for your needs. Whether you're looking for cashback, low fees, or specific perks, our comparison tools will guide you in making the right choice.

What is the security level of the CAKE?

The security level of a crypto wallet varies based on how cryptocurrencies are stored, who owns the seed phrase, and how transactions are signed. For the CAKE, we consider the security level to be High. It's a good idea for users to keep their seed phrase safe and use all the available security features to ensure better protection.

What is the anonymity level of the CAKE?

The anonymity level of a cryptocurrency wallet depends on factors like KYC requirements and the need for personal information such as your full name, address or email. For CAKE, we consider its anonymity level to be Low.

What type of CAKE?

CAKE is an SPV (Simplified Payment Verification) wallet. SPV wallets let you verify transactions without needing to download the entire blockchain, which is pretty convenient. They rely on a network of full nodes to confirm that transactions are included in a block, making them lighter and faster than full node wallets. This is especially handy for devices with limited storage and processing power. With CAKE, you get secure and quick access to your cryptocurrencies, making your crypto experience smooth and efficient.

Crypto wallets similar to CAKE

Check out other popular crypto wallets with a similar number of supported cryptocurrencies

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Our website provides aggregated financial content and news for informational purposes only. We’re not a substitute for professional advice or independent verification. Always seek independent financial advice or do your own research before relying on any information here for investment decisions. Criffy does not solicit, recommend, endorse, or offer any securities or financial instruments. We may earn commissions from some links, but this does not affect our reviews and comparisons. We strive to keep everything fair and balanced to help you make informed decisions.

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