Cake Wallet

Cake Wallet combines several cryptocurrency wallets in one free, MIT-licensed application. It adds no wallet charge to ordinary sends or receives; sending still costs the blockchain network fee. Swaps and purchases use providers whose rates and fees are included in the quote.

First setup asks for a PIN, with four digits by default and an option for six. That code unlocks this installation; it cannot recover funds on another device. Select Create New Wallet, choose a currency and name the wallet. Monero defaults to a 16-word Polyseed. If you want several currencies to share a wallet group, choose the BIP39 recovery format instead; Polyseed wallets cannot join those groups. Record and verify the words, and preserve any optional passphrase separately because losing it makes that wallet inaccessible even with the words.

Cake's complete backup file has a different role. It restores wallets and app settings together, but only into a fresh installation containing no wallets. Choose Restore Existing Wallet, then Backup file, supply the backup password and select the original ZIP before importing. That password is separate from the app PIN. Keep the individual recovery phrases too.

Android users can enable background synchronization under Settings, App settings, Connections, then Background sync. Daily, Hourly and Aggressive modes trade battery use for frequency, with controls for charging and unmetered networks. Android determines the actual timing. Hardware wallets and Decred wallets are excluded, and enabling battery optimization again switches background sync off.

Hardware setup begins in Wallets, Restore Wallet, then Hardware wallet. Compatibility depends on the device, currency and operating system: BitBox is supported on Android, while SeedSigner, Keystone and Foundation Passport are marked Coming Soon. Choose from the working combinations before buying a signer for this particular app.