Trezor.io VS Cake Wallet

Cake Wallet

Cake Wallet For Monero, Bitcoin, And Litecoin

Landing page //
2023-05-04

Landing page //
2023-04-16

Trezor.io

Website: trezor.io
$ Details

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Cake Wallet

Website: cakewallet.com
$ Details

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Trezor.io features and specs

Security
Trezor provides advanced security for handling and storing cryptocurrencies with hardware wallets, protecting from online threats such as hacking and phishing attacks.
Ease of Use
The Trezor wallet is user-friendly, making it accessible for both beginners and experienced users to manage their crypto assets efficiently.
Multi-Currency Support
It supports a wide range of cryptocurrencies, allowing users to store various digital assets in one place.
Open Source
Trezor’s firmware and software are open-source, providing transparency and the ability for the community to audit the code for security vulnerabilities.
Backup and Recovery
Trezor offers a secure recovery feature through a seed phrase, enabling users to restore their wallet and funds if the device is lost or damaged.
Integrations
The device can integrate with other wallets and services, providing versatility and extended functionality for users.

Possible disadvantages of Trezor.io

Cost
Trezor devices can be relatively expensive compared to other types of wallets, which might be a barrier for cost-sensitive users.
Physical Risk
Since it is a physical device, there is a risk of loss, theft, or damage, which could compromise access if recovery measures are not properly managed.
Learning Curve
For users who are new to cryptocurrencies, learning to use the hardware wallet and understanding its security features could be challenging.
Dependency on Manufacturer
Users are somewhat dependent on Trezor for firmware updates and ongoing support, which could be a concern if the company goes out of business or discontinues support.
Limited Mobile Support
While Trezor supports mobile devices to some extent, its functionality and user experience are often superior on desktop environments, which could limit convenience for mobile-centric users.

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 Trezor.io

Overall verdict

Yes, Trezor.io is generally regarded as a good and reliable choice for securely storing cryptocurrencies. It is particularly praised for its security measures and ease of use.

Why this product is good

Trezor.io is considered a good option for cryptocurrency users due to its strong security features as a hardware wallet. It provides offline storage of private keys, multi-factor authentication, and regular updates to guard against vulnerabilities. The wallet supports a wide range of cryptocurrencies, ensuring versatility for users with diverse portfolios. Additionally, Trezor's user-friendly interface and comprehensive support resources make it accessible even to those new to hardware wallets.

Recommended for

Cryptocurrency holders looking for secure storage solutions, users who prioritize security and privacy, individuals with multi-currency portfolios, and those who want a straightforward yet comprehensive hardware wallet experience.

Trezor.io videos

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Cake Wallet videos

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

Category Popularity

0-100% (relative to Trezor.io and Cake Wallet)

Trezor.io

Cake Wallet

Cryptocurrencies

88 88%

Cryptocurrencies

12% 12

Cryptocurrency Wallets

87 87%

Cryptocurrency Wallets

13% 13

Crypto

92 92%

Crypto

8% 8

Cryptocurrency Exchange

60 60%

Cryptocurrency Exchange

40% 40

User comments

Share your experience with using Trezor.io and Cake Wallet. For example, how are they different and which one is better?

Reviews

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

Trezor.io Reviews

Top 5 Best Ethereum Wallet [2021] With Highlights & Additional Features

Trezor is the oldest Bitcoin hardware wallet. It is a product of SatoshiLabs and has a straightforward interface. In terms of security, Trezor is quite advanced as its PIN code never leaves the wallet. This means even if you connect it with a compromised computer, you won’t face the risk of compromising your wallet. Some argue it’s the best Ethereum wallet in the market.

Source: www.upgrad.com

Top 10 Best Bitcoin Wallets of 2021

Highly recommended for advanced users, The Trezor hardware wallet is a device you store your bitcoins on. It plugs into your computer or smartphone. The device has a small screen you can use to manage your secure connection. Current models sell for $55 to over $500 depending on which one you choose. Website: www.trezor.io

Source: medium.com

20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021

The Trezor hardware wallet helps you to store your bitcoins. You can easily plug into your computer or smartphone. It helps you to randomly generated pin code that keeps the device safe and secure.

Source: www.guru99.com

Best Bitcoin Wallets

The Trezor hardware wallet is a device that can store your digital coins offline. It plugs into your computer or smartphone. The device has a small screen you can use to manage your secure connection. Currently, you can buy the introductory-level Trezor One for $55 or the higher-end Model T for $169.99.

Source: www.thebalance.com

The 7 Best Bitcoin Wallets That You Should Use For Storing BTC

With Trezor, when you first connect it to your PC, it shows a nine-digit pin code on its OLED screen. You need to enter the same pin code by clicking on your corresponding PC screen. This code is generated randomly every time you connect Trezor and makes sure that even a tampered PC can’t get your pin.

Source: coinsutra.com

Cake Wallet Reviews

We have no reviews of Cake Wallet yet.
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Social recommendations and mentions

Based on our record, Trezor.io seems to be a lot more popular than Cake Wallet. While we know about 374 links to Trezor.io, we've tracked only 33 mentions of Cake Wallet. 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.

Trezor.io mentions (374)

Printer company served you malware for months, called them false positives
That kind of confirmation does exist, it’s called using a hardware wallet, such as those made by Trezor and others. https://trezor.io/. - Source: Hacker News / 5 months ago
Ask HN: Who is hiring? (February 2025)
Trezor | Software Engineer (Embedded, Firmware, React) | Prague, CZ | Remote | https://satoshilabs.com/careers Description copied from the Firmware Developer role, have a look at the careers page for many more details! We’re Trezor (https://trezor.io/), a leading company in crypto security, that has pioneered the hardware wallet industry. As a Firmware Developer, you’ll help us develop firmware that runs on... - Source: Hacker News / 8 months ago
With what's happening with Binance, Coinbase, and others lately, I think we should switch to DeFi Platforms and Hard Wallets ASAP.
Next thing to have is a hard wallet if you haven’t already like a Ledger or a Trezor and let it sit there. That’s the safest thing to do! Also, there’s always been a risk of KYC (Know Your Customer) on CEXes as mentioned several times. This was all meant to be decentralized and keep our identity under wraps and retain that anonymity that crypto was originally designed for… and you get a hold of your keys. Source: about 2 years ago
Getting started
Https://trezor.io/ - Easy to use, no matter how new in Bitcoin you're. Source: over 2 years ago
Daily General Discussion - June 19, 2023
I've purchased a Trezor model T from what I believe is the official Trezor website (https://trezor.io/). Is it rational for me to have a slight fear that it isn't a legit trezor and maybe the chip is compromised, possibly being able to send off my seed to an unknown party? Source: over 2 years ago

Cake Wallet mentions (33)

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 / 4 months 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 2 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: over 2 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 2 years 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: over 2 years ago