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Splitwise VS Cake Wallet

Compare Splitwise VS Cake Wallet and see what are their differences

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All-in-one crypto finance platform for companies that run on stablecoins. Invoicing, payouts, treasury, budgets and AML — the whole money path in one non-custodial system. No banking friction, no spreadsheet reconciliation. sponsored
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Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

Splitwise logo Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!

Cake Wallet logo Cake Wallet

Cake Wallet For Monero, Bitcoin, And Litecoin
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • Cake Wallet Landing page
    Landing page //
    2023-04-16

Splitwise features and specs

  • User-Friendly Interface
    Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
  • Multi-Platform Availability
    Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
  • Expense Tracking
    The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
  • Flexible Split Options
    Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
  • Currency Conversion
    Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
  • Bill Reminders
    The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
  • Integration with Payment Platforms
    Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages of Splitwise

  • Privacy Concerns
    Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
  • Subscription-Based Features
    Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
  • Manual Entry Requirement
    Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
  • Limited Automatic Reconciliation
    While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
  • Dependency on Group Honesty
    The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
  • Potential for Confusion
    The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Cake Wallet features and specs

  • Privacy Features
    Cake Wallet is known for supporting privacy-focused cryptocurrencies like Monero (XMR), which offers enhanced anonymity and privacy for users.
  • User-Friendly Interface
    The wallet features a straightforward and intuitive interface, making it accessible for both beginners and experienced users.
  • Multicurrency Support
    In addition to Monero, Cake Wallet supports other popular cryptocurrencies, allowing users to manage multiple assets within the same app.
  • Non-Custodial
    As a non-custodial wallet, users retain full control over their private keys, enhancing the security of their assets.
  • Open Source Software
    The wallet's open-source nature allows the community to audit its code for security and improvements, which can contribute to trust among users.

Possible disadvantages of Cake Wallet

  • Limited Customer Support
    Some users may find the level of customer support provided by Cake Wallet to be limited compared to other services.
  • Mobile Only
    Cake Wallet is primarily designed for mobile devices, which could be a limitation for users who prefer or require a desktop option.
  • Learning Curve for Privacy Coins
    Users new to privacy-focused coins like Monero may need to invest time in understanding how these technologies differ from traditional cryptocurrencies.
  • Transaction Delays
    While not unique to Cake Wallet, users may occasionally experience transaction delays due to network congestion, especially on privacy blockchains.

Analysis of Splitwise

Overall verdict

  • Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

  • Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
  • It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
  • Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
  • Supports multiple currencies, which is great for international travel groups.
  • Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

  • Roommates who need to regularly split household bills and expenses.
  • Groups of friends or families who often travel together and need to manage shared travel costs.
  • Colleagues or classmates working on projects or events that require shared funding.
  • Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Cake Wallet videos

+ Add

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

Category Popularity

0-100% (relative to Splitwise and Cake Wallet)

Splitwise

Cake Wallet

Personal Finance
100 100%
Personal Finance
0% 0
Cryptocurrencies
0 0%
Cryptocurrencies
100% 100
Expense Tracking
100 100%
Expense Tracking
0% 0
Cryptocurrency Wallets
0 0%
Cryptocurrency Wallets
100% 100

User comments

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Reviews

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

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once you’ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This one’s not a complete budgeting app but it’s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Cake Wallet Reviews

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

Social recommendations and mentions

Based on our record, Cake Wallet seems to be more popular. It has been mentiond 34 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.

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

Cake Wallet mentions (34)

  • Monero Community Crowdfunding System
    I'm glad you gained something! Welcome to Monero! Drop a Monero address here and I'll send you a tiny amount for your first transaction. I recommend CakeWallet, which is cross-platform, user friendly, and does a lot of good for the community, but any of the wallets recommended on the official[1] website are fine. p.s. You or anyone can reach out via my contacts in bio if you have any questions about Monero. [1]... - Source: Hacker News / 5 months ago
  • Comprehensive Analysis of De-Anonymization Attacks Against the Privacy Coin XMR
    Check out feather wallet (https://featherwallet.org/) on desktop or cake wallet (https://cakewallet.com/) on mobile. Once you create a wallet and write down the seed phrase, generate a "view key". - Source: Hacker News / over 1 year ago
  • [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: about 3 years 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 3 years 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: over 3 years ago
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What are some alternatives?

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

Tricount - Manage and share expenses with friends

Electrum - Electrum is an easy to use Bitcoin client.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

Blockchain Wallet - Popular cryptocurrency wallet for those looking to transform the financial system right from their...

Splid - Splid helps friends manage their money.

Exodus.io - All-in-one app to secure, manage and exchange blockchain assets.

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