Cake Wallet vs MetaMask

Comparing: two wallets
Decided by: Editorial rating
Last reviewed: 2026-08-25

Open source Monero-first wallet with real bitcoin privacy tools, carrying a 2021 key generation bug that is still costing people coins.

MetaMask3.0

MetaMask holds real bitcoin since December 15, 2025, but it is still an Ethereum wallet with a BTC address attached.

Verdict: Cake Wallet

Cake Wallet rates higher on our rubric: 3.3 against 3.0 for MetaMask.

Criterion: Editorial rating
Cake Wallet: 3.3
MetaMask: 3.0

Cake Wallet and MetaMask, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

Cake Wallet and MetaMask compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
Fact	Cake Wallet	MetaMask
Editorial rating	3.3 (favoured on this row)	3.0
Status	Available	Available
Made by	Cake Labs	Consensys
Price	Free download	Free download
Who holds the keys	self-custodial, seed and keys generated and stored on your own device, with no account and no telemetry	self-custodial, keys generated on your device from a 12 word Secret Recovery Phrase Consensys never sees
Bitcoin-only	No	No
Runs on	iOS, Android, Windows, macOS, Linux	iOS, Android, Browser extension
Screen	Not stated	Not stated
Connectivity	Tor for all traffic, connection to your own node, Ledger hardware signing, and silent payments plus PayJoin on the bitcoin side	Not stated
Released	2018, launched as the first open-source Monero wallet on iOS	2016
Countries on the maker's list	No published list	228
Last reviewed	2026-08-25	2026-08-25

Pros and cons, side by side

Cake Wallet

What works

Open source under an MIT license, with a public repository that is actively developed
Self-custodial with no account and no KYC, and, in Cake's words, zero data collection or telemetry
Genuine bitcoin privacy tooling: silent payments and PayJoin, plus Tor for all traffic and your own node
Handles Monero properly, which almost no other multi-asset wallet does
Ledger hardware wallet support, plus Cake's own two-factor option and biometric unlock
Reachable outside the app stores: direct APK, Accrescent, and Windows and Linux builds

What to watch

Bitcoin wallets created before v4.1.7 are permanently unsafe and have to be replaced, not just updated
The Milk Sad researchers traced sweeps of those weak wallets continuing into 2024, three years after the warning
The flaw was in Cake's own key generation code rather than a third-party library, and it ran through 2020 and 2021
Multi-asset by design, so it carries far more chains and far more code than a bitcoin-only wallet
Monero's privacy guarantees and much more transparent chains share one app, which takes care to use well

MetaMask

What works

Native bitcoin support since December 15, 2025, with a BTC address generated for you automatically
Swaps from Ethereum, other EVM networks or Solana into bitcoin without leaving the wallet
Buying supports debit and credit cards, Apple Pay, PayPal and bank transfer, depending on your region
Keys are generated on your device, and Consensys holds nothing it could freeze or reset
The extension almost every dapp is tested against, so connections rarely break

What to watch

Bitcoin support is native SegWit only: MetaMask's own announcement says Taproot is still to come
The app now bundles perpetual futures at up to 50x leverage, prediction markets and tokenized stocks next to your keys
Those extra products carry their own eligibility rules, which are separate from the wallet and change without notice
A hot wallet in a browser extension or phone app, with no secure element and no offline signing
Bitcoin is one chain among many, and the product's center of gravity is Ethereum

Frequently asked questions

Is Cake Wallet or MetaMask better?

Cake Wallet rates higher on our rubric: 3.3 against 3.0 for MetaMask. The rating follows the product rubric published on our about page; the rows above set custody, price and platforms side by side so you can check it.

Are Cake Wallet and MetaMask free?

Yes, both are free to download. What differs is who holds the keys: Cake Wallet is self-custodial, seed and keys generated and stored on your own device, with no account and no telemetry; MetaMask is self-custodial, keys generated on your device from a 12 word Secret Recovery Phrase Consensys never sees.

Is Cake Wallet or MetaMask bitcoin-only?

Neither: both support assets beyond bitcoin. Cake Wallet: Multi-asset: Monero, bitcoin, Lightning, Litecoin, Ethereum, Solana, Zcash, Bitcoin Cash and more. MetaMask: Ethereum and EVM networks, Solana, Monad and Sei, plus native bitcoin since December 15, 2025.

The full reviews: Cake Wallet and MetaMask, each with its sources, and every wallet we review.

More comparisons

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