Cake Wallet

Cake Wallet is a self-custody cryptocurrency wallet with a built-in choice of swap providers. The team behind it, Cake Labs LLC, has operated since 2018, and the product is also known under the names Monero.com and Cake Labs.

How swaps work

The wallet does not execute exchanges itself. Swaps are carried out by third-party providers, and the app lets the user choose among them inside the interface. The company states that its team supports users and escalates swap problems with the provider when they arise.

Custody model

Because the wallet is self-custodial, the user holds the keys and the funds stay under their control. The exchange step is the only point where a third party is involved, so the terms, rates and limits depend on the provider selected for each swap.

What to confirm

The materials list no supported assets, networks, fees or country restrictions. Before using the swap function, a user should compare the quotes of the available providers and read the provider's own conditions, since responsibility for execution lies with them.

Who it suits

Users who want to keep control of their keys while converting between cryptocurrencies, and who accept that the final exchange is performed by an outside service.