Software Alternatives, Accelerators & Startups

Cake Wallet VS Sumsub

Compare Cake Wallet VS Sumsub and see what are their differences

Cake Wallet logo Cake Wallet

Cake Wallet For Monero, Bitcoin, And Litecoin

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • Cake Wallet Landing page
    Landing page //
    2023-04-16
  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

Cake Wallet videos

MONERO CAKE Wallet Tutorial - Use Unstoppable Domains to Send XMR Monero To ANYONE

Sumsub videos

How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

Category Popularity

0-100% (relative to Cake Wallet and Sumsub)
Cryptocurrencies
100 100%
0% 0
Identity Verification And Protection
Cryptocurrency Wallets
100 100%
0% 0
Identity Verification
0 0%
100% 100

User comments

Share your experience with using Cake Wallet and Sumsub. For example, how are they different and which one is better?
Log in or Post with

Reviews

These are some of the external sources and on-site user reviews we've used to compare Cake Wallet and Sumsub

Cake Wallet Reviews

We have no reviews of Cake Wallet yet.
Be the first one to post

Sumsub Reviews

  1. Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast

Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.

Social recommendations and mentions

Based on our record, Cake Wallet should be more popular than Sumsub. It has been mentiond 32 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Cake Wallet mentions (32)

  • [UPDATES] Now store Ethereum in Cake Wallet beta
    We are excited that Cake Wallet beta users can now store Ethereum and ERC-20 tokens, such as the USDT, USDC, and DAI stablecoins, directly in their wallet. Source: 11 months ago
  • MoneroKon 2023 is next week! AMA Session with the MoneroKon Orga Team
    No one knows; that is the beauty of Monero. There is the official Monero wallet (https://www.getmonero.org/downloads) and other 3rd-party wallets like Cake Wallet (https://cakewallet.com), Rino (https://rino.io), Feather (https://featherwallet.org) and Monerujo (https://monerujo.io). Source: about 1 year ago
  • Event Poll - Monerokon
    "Monero Konferenco isn't just an academic conference. It's a gathering of the smartest minds that are involved with private digital payments." - Vik Sharma, CEO of Cake Wallet, an open-source cryptocurrency mobile wallet that supports the exchange of Monero, Bitcoin, and Litecoin, one of the sponsors of Monero Konferenco 2022. https://cakewallet.com. Source: about 1 year ago
  • More Gift Cards Added to Cake Pay Mobile (USA) to Live Off Your Crypto
    Hey reddit, we have some exciting news for you as we take steps to make it just that much easier to LIVE ON CRYPTO! We just released a new update for Monero.com & Cake Wallet apps, specifically CakePay Mobile in USA, that adds more gift card options for you to spend your XMR/BTC/LTC on. With just an email you can access these gift card discounts and more:. Source: about 1 year ago
  • How many Monero accounts should we have for safety? What's the best way to have multiple Monero accounts?
    If you want to compartmentalize your wallets like this, then I'm a little confused what #1 means, but for #2, a cold wallet would be best, a cold wallet is either a hardware wallet(like trezor or ledger), or storing it on an offline device like an old device or something that never touches the internet. #3 you could potentially use a mobile wallet like monerujo or cake wallet or even on a wallet on your... Source: over 1 year ago
View more

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: over 1 year ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 1 year ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 1 year ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 2 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 2 years ago
View more

What are some alternatives?

When comparing Cake Wallet and Sumsub, you can also consider the following products

Electrum - Electrum is an easy to use Bitcoin client.

Onfido - Onfido is the data-driven platform for intelligent background checking.

Samourai - a bitcoin wallet for the streets

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.

Coinomi - Free Secure Multi-Coin Multi-Asset HD Wallet for Bitcoin and Altcoins

Veriff - Smart and scalable identity verification.