CAKE wallet vs Ledger Nano S Wallet Comparison

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Company	CAKE wallet	Ledger Nano S Wallet
User rating	User rating 4.3 / 5 3 user reviews	User rating 4 / 5 4 user reviews
Cryptogeek rating	Cryptogeek rating 4 / 5	Cryptogeek rating 4.2 / 5
Trust Score How it works	Trust Score 3.58 / 5	Trust Score 4.57 / 5

About

	The CAKE Wallet is an Open-Source iOS Wallet for Monero, it accesses the blockchain transactions without having to run a full node. Creating a wallet is as simple as downloading and writing down a mnemonic seed. You can also configure fingerprint recognition and FaceID for a safe login.	Ledger Nano S Wallet is a hardware wallet, a flagship product of the Ledger company, that has been in the industry since 2014. More than 1.5 mln units were sold across the world.

Founding Date

	2018	2019

Country

	USA	France

Languages

	English	English, Japanese, French, Spanish, Korean, Chinese, Romanian

Wallet type

	Software wallet	Hardware wallet

Storage type

	Hot wallet	Cold wallet

Private keys

	Not available	Available

Available coins

	0	66 - Bitcoin (BTC), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Wanchain (WAN), Dogecoin (DOGE), Bitcoin Private (BTCP), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Komodo (KMD), Aion (AION), DigiByte (DGB), Ark (ARK), PIVX (PIVX), Factom (FCT), Elastos (ELA), Zcoin (XZC), Particl (PART), Kin (KIN), Horizen (ZEN), POA Network (POA), GameCredits (GAME), Vertcoin (VTC), Ubiq (UBQ), High Performance Blockchain (HPB), Quantum Resistant Ledger (QRL), Groestlcoin (GRS), Peercoin (PPC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), Crypto.com Coin (CRO), Binance USD (BUSD), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Celo (CELO), Energy Web Token (EWT), Hedera Hashgraph (HBAR), Solana (SOL), TomoChain (TOMO)

Security

	Personal	No data

Anonymity

	Medium	No data

Ease of use

	Easy	No data

Has attached card

	no	No data

Has trading facilities

	yes	No data

Has vouchers and offers

	No data	No data

Features

	Hierarchical Deterministic, Open Source	No data

About	The CAKE Wallet is an Open-Source iOS Wallet for Monero, it accesses the blockchain transactions without having to run a full node. Creating a wallet is as simple as downloading and writing down a mnemonic seed. You can also configure fingerprint recognition and FaceID for a safe login.	Ledger Nano S Wallet is a hardware wallet, a flagship product of the Ledger company, that has been in the industry since 2014. More than 1.5 mln units were sold across the world.
Founding Date	Founding Date 2018	Founding Date 2019
Country	Country USA	Country France
Languages	Languages English	Languages English, Japanese, French, Spanish, Korean, Chinese, Romanian
Wallet type	Wallet type Software wallet	Wallet type Hardware wallet
Storage type	Storage type Hot wallet	Storage type Cold wallet
Private keys	Private keys Not available	Private keys Available
Available coins	Available coins 0	Available coins 66 - Bitcoin (BTC), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Wanchain (WAN), Dogecoin (DOGE), Bitcoin Private (BTCP), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Komodo (KMD), Aion (AION), DigiByte (DGB), Ark (ARK), PIVX (PIVX), Factom (FCT), Elastos (ELA), Zcoin (XZC), Particl (PART), Kin (KIN), Horizen (ZEN), POA Network (POA), GameCredits (GAME), Vertcoin (VTC), Ubiq (UBQ), High Performance Blockchain (HPB), Quantum Resistant Ledger (QRL), Groestlcoin (GRS), Peercoin (PPC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), Crypto.com Coin (CRO), Binance USD (BUSD), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Celo (CELO), Energy Web Token (EWT), Hedera Hashgraph (HBAR), Solana (SOL), TomoChain (TOMO)
Security	Security Personal	Security No data
Anonymity	Anonymity Medium	Anonymity No data
Ease of use	Ease of use Easy	Ease of use No data
Has attached card	Has attached card no	Has attached card No data
Has trading facilities	Has trading facilities yes	Has trading facilities No data
Has vouchers and offers	Has vouchers and offers No data	Has vouchers and offers No data
Features	Features Hierarchical Deterministic, Open Source	Features No data

Social

Website

	www.cakewallet.io	shop.ledger.com

Twitter

	No data	@Ledger

Website	Website www.cakewallet.io	Website shop.ledger.com
Twitter	Twitter No data	Twitter @Ledger

Advantages

	- In 2020, it surprised its users with the open-source app available for the Android operative system. The app offers the same good features. - It offers an impeccable security system and gives autonomy to its users. - Good technology usage.	- Security and safety - The possibility to verify and sign payments - Variety of assets

Disadvantages

	- There is not a desktop version yet released, and there is no information about the coming updates.	- Ledger is a paid product - Can be difficult for beginners

Rating

User rating	User rating 4.3 / 5 3 user reviews	User rating 4 / 5 4 user reviews
Cryptogeek rating	Cryptogeek rating 4 / 5	Cryptogeek rating 4.2 / 5
Advantages	Advantages - In 2020, it surprised its users with the open-source app available for the Android operative system. The app offers the same good features. - It offers an impeccable security system and gives autonomy to its users. - Good technology usage.	Advantages - Security and safety - The possibility to verify and sign payments - Variety of assets
Disadvantages	Disadvantages - There is not a desktop version yet released, and there is no information about the coming updates.	Disadvantages - Ledger is a paid product - Can be difficult for beginners

CAKE wallet user rating is 4.3, based on 3 user reviews. Ledger Nano S Wallet user rating is 4, based on 4 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?

CAKE wallet

Trust Score: 3.58 / 5

Compare with:

DigiByte Wallets, Swiss Bank In Your Pocket, InfinitoWallet

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Ledger Nano S Wallet

Winner

Trust Score: 4.57 / 5

Compare with:

Freewallet, Cryptonator, SpectroCoin

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CAKE wallet vs Ledger Nano S Wallet - Which Wallet Is Better in 2025?

This CAKE wallet vs Ledger Nano S Wallet comparison is based on the most recent data on both companies. We do our best to provide you with unbiased information about cryptocurrency companies.

Based on user reviews only, CAKE wallet is rated 4.3 with 3 user reviews, while Ledger Nano S Wallet is rated 4 with 4 user reviews.

Let's finally move to overall Trust Score:

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