Compare Cake Wallet vs. Freewallet in 2025

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Description

Cake Wallet provides a secure platform for users to store, send, receive, and exchange their XMR and BTC, along with a variety of other currencies. Launched in 2018 and developed by Cake Technologies LLC, it was the pioneering open-source Monero wallet for IOS, later expanding to Android in January 2020. As of February 2021, the wallet has incorporated support for BTC through the Electrum wallet. Cake Technologies aims to democratize cryptocurrency access by offering a user-friendly interface for novices while also including advanced features for experienced users. Over its three years of operation, Cake Wallet has consistently facilitated safe and straightforward transactions for its users. The wallet supports multiple currencies including Monero and Bitcoin (Electrum) and is fully open-source. It boasts a built-in exchange feature that allows users to effortlessly swap between various cryptocurrencies such as XMR, BTC, ADA, BCH, and many more. Additionally, users can now purchase BTC directly within the app, create multiple wallets and accounts, and back them up either locally or via cloud storage. The ability to connect to preferred remote nodes enhances the functionality of the wallet even further.

Description

Experience seamless management of digital currencies with the elegant mobile-first cryptocurrency wallets designed by Freewallet. This platform serves as an entry point into the crypto realm, aiming to streamline the intricacies of digital currencies and facilitate easier access to various coins. The Freewallet suite offers specialized wallets for over 100 well-known cryptocurrencies, accessible on both Android and iOS devices, in addition to a multi-currency wallet application that includes a web-based interface. Users benefit from an integrated exchange supporting more than 100 cryptocurrencies. Each transaction is secured by multi-signature confirmation, enhancing security measures for all users. Additionally, transactions within the Freewallet ecosystem are instantaneous and come without fees, providing a cost-effective solution for transfers. To further protect users, there are daily and weekly limits established to reduce the risk of potential theft. It’s an ideal platform for sending, storing, and managing a diverse cryptocurrency portfolio, including BTC, ETH, and many others, all consolidated in one convenient wallet available as an Android, iOS, and web application, along with free transfers between Freewallet users and a variety of Bitcoin transaction fees catering to both fast and economical transfer options. With its user-friendly interface and robust features, Freewallet stands out as a comprehensive solution for cryptocurrency management.