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3.9 12 Reviews 18 Complaints
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Cake Technologies Reviews 30

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Cake Technologies Great if you like not having access to your money!

Don't ever use this app. I sent LTC to Cake Wallet and now it's trapped. Attempts at exchanging and sending aren't going through or posting to the blockchain despite my leaving enough for fees. They're not showing up on Blockchair. They always get stuck on pending. Nothing works on iOS or Android. I tried reconnecting and re-importing the wallet. There's not even any error message for why these transactions aren't being posted or processed.

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Cake Technologies Lost $1500 due to a development error

As an iOS developer myself I’m being fair here- this is a very good app, but be very careful when using Cake Wallet. What is secure one day is not secure the next.

Very good interface, great for what it does and facilitates with a few caveats. But they really dropped the ball on security and opened themselves up to vulnerabilities and in turn got a bunch of their users money stolen, myself included.

And lets be honest app support is non-existant.

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Cake Technologies I’ve used it for almost a year

It gets worse and worse. Full balance will say I have so much, but then available balance goes from the full amount to zero every other second and I can’t get transactions done when I need to. Currently I’ve been waiting 1 1/2 hours for transactions that should take 15min at most and I’m still not done. But I am done with Cake. I’m sorry. I wish I could leave a good review, but it’s gotten so bad with random dumb error messages, I’m done. If you have any other options to use, to that route. Cake is so bad lately, it’s not even worth trying.

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Cake Technologies Something sketchy going on

After making a couple of test deposits, last night, I decided to migrate a large sum of BTC to my cake wallet. 27 minutes after doing so, a “send” / transfer out took place that was .0001 less than what I had deposited. This was not initiated by me nor to and address that I know.

I spoke with a friend that is using cake as well and he has recently had a similar experience.

My keys were written down on paper and stored in my safe, they weren’t available.

Something very sketchy about this. I reached out to support via email with no response as of yet.

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Cake Technologies Difficult To Use

I have been trading crypto for 10 years and thought I’d start trading with XMR, boy was that a mistake. I deposited money just to find out exactly how difficult it was going to be to get it returned to my account outside of this one. It has been a huge nightmare and EVERYTIME I log in my account grows smaller and smaller. 1000% complete rip-off. I am still waiting for a phone number to appear somewhere so I can actually talk to a human. I saw they’re down the street from me in Orlando so maybe I’ll pay a visit to the office and let them know how I feel about thieves in my area. Live and Learn I guess. Sincerely, Karma

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Cake Technologies Should have known better

The problem has since been fixed but Cake designed an app with insufficient security (inadequate seed generation) on their Btc wallet and the last version of the app had no push notification functionality so their ability to tell anyone they screwed up was non existent. The problem creates a security breach in which scammers could decode decode you not at all random sees and steal your Btc as soon as it hit the wallet. The only notification of this was a Twitter post and later an entire Reddit sub of people who lost Btc. Xmr wallet is great but just use changenow.io directly to avoid giving them Btc. The seed flaw was bad enough that they are either idiots or where in on it.

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Cake Technologies Best XMR Mobile wallet

So far this is the best XMR Mobile wallet if you care about privacy. I had some issues at first trying to figure out where my coins were, but then realized you need to wait for the wallet to sync fully before seeing your balance. This is a much better wallet than MyMonero and in my opinion a very important tool in the crypto space. Currently it’s the only mobile crypto wallet that provides its users complete privacy when transacting. This is something no other crypto currency offers. Thank you for the hard work devs. Looking forward to seeing future updates and will do what I can to support you guys.

Heads up to new users:
IF YOU ARE HAVING ISSUES SEEING YOUR TRANSACTIONS YOU MUST WAIT FOR THE WALLET TO FULLY SYNC

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Cake Technologies Best monero wallet so far

There really is nothing better than this wallet. I love this wallet so much. When I think of cake wallet, I get the same warm feelings I had at 90s raves munching pac man pills. Seriously, that’s how much I love cake wallet. Feels like I’m rolling every time I use it. You won’t find another wallet as good as cake wallet. I truly hope they continue to grow and become more than just a wallet in the future. I hope they become the .01% best of wallets. Fiat on ramps, maybe even a market place people can buy and sell from each other, something like localbitcoin. And eventually, it’s own super privacy exchange for trading privacy coins. Okay, I’m gonna go take a cold shower now. No need to look further, just download cakewallet and don’t look back.

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Cake Technologies Money takes several hours or days to transfer

I tried to transfer funds from one cake wallet to another and the first time it was 50 dollars took 7 hours for that to go through with the change from Bitcoin to xmr. So then I tried to transfer 100 dollars it’s been 3 or 4 days now. Reached out to customer service and they have been telling me that there is an error in the programming and I should be in my account now when I do the update. Did the update no xmr received yet going on day 4 or 5 lost count. They will lose your money. I hope they can find my money. Good luck! There are a lot of wallets out there and it seems to me to just get a xmr wallet run local nodes and run through an straight exchange will be cheaper and take way less time. Would give it one star but the other transfer went through.

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Cake Technologies Edit: it’s still trash (Prev Edit: I’ve grown to love Cake Wallet

I’m coming back to once again say that Cake Wallet has failed me. It’s locked nearly my entire balance - coins that have been co firmed for a couple weeks - and even restoring the wallet onto another device isn’t possible. I don’t know why this is the only Wallet that I’ve ever had a problem with. The “Restore” button doesn’t even light up even after entering all of the necessary info.

Originally I left a one star review for Cake Wallet. At the time I think it was warranted. However, I’ve been using it since on both iOS and Android. And I’ve come back to say that I really appreciate and even like the app today in 2022. Being able to swap Monero into BTC is extremely convenient as well. Bottom line is that the problems seemed to have been fixed, it’s fast, and it looks good.

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Cake Technologies Fantastic for self-custody

Short review: Fantastic open source self-custody mobile wallet

Longer review: I’ve used Cake for about a year now, got it when it only supported Monero. I have had 0 issues, HOWEVER, it is clear (given the nature of how Monero currently works, as well as some of the other reviews I’ve seen) that noobs may run into issues or get confused. I implore everyone who downloads this app (or the Monero.com app) to educate themselves on how Monero works as well as common-sense ways of keeping your funds secure.

Everything from not understanding that your wallet client needs to scan recent blocks in order to “see” transactions where it received/spent funds, to not understanding the sanctity and importance of your seed phrase could cause issues for those who are just getting started with Monero. I don’t think this is an issue that the dev team can really fix, spare for forcing informative materials in front of every new user, which would be less than ideal.

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Cake Technologies You either love it or hate it, and I hate it

First off, this review is mostly about the UI and not the function. It works fine.

Pros:
Works to send and receive.

Cons:
I absolutely despise the UI (in my opinion, I respect yours if you like it so please respect mine).

It’s super inconvenient to have the most basic functions of a wallet on three different pages, on the left you have your QR code, middle you have your balance with a bunch of wasted space around it, and on the right you have transactions. Those things can fit on one page, and have a button to show your QR code.

I really don’t understand the point of having an exchange built into a wallet that only supports (currently) three currencies. It would be much easier and convenient to go to the website for the exchange.

You can’t rename wallets. You are stuck with the two random words it picks and most of the time they are very strange.

In conclusion: I really don’t recommend this wallet. At all. I would recommend edge Wallet because it supports many currencies, has an amazing UI, has great customer support, and supports buying in app. I love the UI in edge because it’s right between classic and modern. And Cake Wallet is over modernized, and looks hideous.

There is no way this wallet becomes popular unless more currencies are added and the horrible UI is fixed. If these things are done I’ll give it another try.

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Cake Technologies Complaints 18

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Cake Technologies Insecure Wallet

I’ve used tons of exchange wallets, never have I used one that allowed my BTC to be stolen by a third party while exchanging to XMR. Next.

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Cake Technologies this is scam

I made an exchange from btc to xmr and received nothing. I contacted customer service and they didn't solve anything. I lost my btc. watch out

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Cake Technologies Money stolen

Sent about $20 worth of btc to the address and I haven’t gotten any of it back still waiting to receive it but it’s highly unlikely thanks a lot cake wallet

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Is Cake Technologies Legit?

Cake Technologies earns a trustworthiness rating of 28%

Assess your risks. Protect your personal information when dealing with Cake Technologies.

Our conclusion: After careful review, ComplaintsBoard concludes that Cake Technologies has trust issues, raising doubts about their legitimacy. We highly recommend being cautious and doing some research before engaging with Cake Technologies. If you have had a negative experience with Cake Technologies, let ComplaintsBoard know by filing a complaint.

Cake Technologies protects their ownership data, a common and legal practice. However, from our perspective, this lack of transparency can impede trust and accountability, which are essential for establishing a credible and respected business entity.

We conducted a search on social media and found several negative reviews related to Cake Technologies. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.

Cake Technologies offering cryptocurrency services, it is important to be aware of the potential risks involved. Cryptocurrency transactions can be anonymous and irreversible, making them a prime target for scammers and fraudsters.

However ComplaintsBoard has detected that:

  • Despite a low legitimacy rating, Cake Technologies has demonstrated a high level of commitment to customer satisfaction with a resolution rate 100% of 18 negative reviews. While caution is advised when dealing with this company, their focus on resolving customer complaints is a positive sign for those who choose to use their services.
  • Cake Technologies has received 3 positive reviews on our site. This is a good sign and indicates a safe and reliable experience for customers who choose to work with the company.
  • A long registered date for cakewallet.com can be seen as a positive aspect for Cake Technologies as it indicates a commitment to maintaining the website and its domain name for a long period of time. It also suggests that the company is organized and has taken steps to secure its online presence.
  • The age of Cake Technologies's domain suggests that they have had sufficient time to establish a reputation as a reliable source of information and services. This can provide reassurance to potential customers seeking quality products or services.
  • Cakewallet.com has a valid SSL certificate, while Scammers can obtain a valid SSL certificate by using fake information or by using a stolen or hijacked domain. In some cases, they may even use a certificate issued to another legitimate website.
  • Cakewallet.com has been deemed safe to visit, as it is protected by a cloud-based cybersecurity solution that uses the Domain Name System (DNS) to help protect networks from online threats.
  • We looked up Cake Technologies and found that the website is receiving a high amount of traffic. This could be a sign of a popular and trustworthy website, but it is still important to exercise caution and verify the legitimacy of the site before sharing any personal or financial information
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Cake Technologies Update broke app

Nothing loads now when you try and open the app you are greeted with a blank screen. Sweet when an app you are supposed to trust with your money takes it hostage.

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Cake Technologies Scam

Tried to transfer btc to xmr went to a different wallet brought me to”change.io” tried to refund it back from the website to my btc wallet and told me to deposit money..

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Cake Technologies Syncing

BTC wallet not syncing. Only just started happening. I have money in limbo now and there’s nothing on support page in reference to this issue. Before today it’s always worked great.

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Cake Technologies Scam

Robbed just like all other users on here. Don’t put your money on here. I checked my wallet and there is a transaction taking all my xmr. Careful out there folks. This one here is a scam 100%

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Cake Technologies DO NOT USE

I have had problems with this wallet and LOST MONEY since beginning to use it. Did their update and no saying the wallet will not load and I have now lost all the money that was in the wallet. Do not use! Stay away.

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Cake Technologies App is now a scam

Added support for Zcash which has been widely know for its links to literal murders and scams of users. They paid 250k to get Zcash added and cakewallet sold out for it.

Can’t support this transition from monero to Zcash.

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Cake Technologies Can’t exchange monero to bitcoin

Every time I try to exchange come into bitcoin the app crashes and takes me to my home screen. It won’t let me confirm the transaction, it crashes every time. Does this have something to do with the nodes or bugs on the app?

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Cake Technologies Does nor work consistently

Every time I try to send monero to another address it says "one of destinations is zero". It rarely works, if I ever want to send monero it takes more than 20 tries for it to actually send. Please do not use this as a wallet unless you want problems.

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Cake Technologies Worked Fantastic until the price dip!

What the heck, Cake Wallet? This app was perfect for Monero. I bought a lot when the price was HIGH. Now that the price is super LOW and I want to buy MORE the exchange isn’t working. It will work for all other coins except Monero.
FAIL FAIL FAIL FAIL FAIL

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Cake Technologies Beware

I used to believe in this app but today did the Bitcoin to monero exchange and it sent 5000 to an unknown address. And they will not help with it. Worst day ever thanx also the balance that I had 200 went missing without a trace and I can’t get at the remaining 400 which is dwindling

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Cake Technologies Terms are a dealbreaker

There’s wording that would limits the developers liability in the case of malware or hacks. Say what you will, but ultimately it leaves open an exit plan “just incase.” A wallet app should take the same stance as the captain goes down with the ship. Otherwise it’s quasi-centralized. Open source or not

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Cake Technologies Exit scamming

I would not recommend. They used to be fantastic for conversions but I’m pretty sure they’re getting ready to exit scam. None of my conversions are happening, they’re getting lost along the way and their app suspiciously doesn’t actually allow you to copy and paste the transaction ID. Find somewhere else to convert your crypto, because this ain’t the one.

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Cake Technologies Don’t download, Steals your money

Had $25 in bitcoin and it said it would be a $4 fee to transfer to xmr and turns out they took my money because I ended up with $11 in xmr, that’s literally half. I do not care if varying fee is up to 3rd party vendors, there should be a disclaimer if you’re gonna almost triple my fee without my consent. Needless to say I will not be using this app ever again.

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Cake Technologies Money lost

The exchange system is broken. You’re provided an estimate instead of a guarantee, and that estimate is largely inaccurate. I lost BTC to an exchange site and wasn’t told how much XMR I’d ACTUALLY receive from it until the BTC was already sent. That’s not how an exchange works. You should see a guaranteed send and receive amount and be able to choose if you want to do it based off of that, not based off of a gamble.

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Cake Technologies It’s like a flip of a quarter

It’s like a flip of a quarter whether or not you’re gonna have a good experience or not. I’ve used this app/wallet twice, the first time it went well. this more recent second time I used it I have had a TERRIBLE experience this time. I used there in app exchange that lets you exchange crypto currencies, and I never got the new exchanged crypto currency it took it out of my wallet but never put anything in my other wallet.

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About Cake Technologies

Screenshot Cake Technologies
Cake Technologies, launched in 2017, is a cryptocurrency wallet platform that allows users to store and manage their digital assets effectively. The platform has positioned itself as a leading provider of secure and user-friendly cryptocurrency wallets for mobile devices. The company is based in Zurich, Switzerland, and has seen explosive growth since its launch, with a user base spanning over 150 countries.

Cake Wallet has several features, including the ability to buy and sell cryptocurrencies, receive and send funds from and to other wallets, as well as instant conversion services, all within the platform. The wallet also has a top-class security system, including two-factor authentication and multi-signature transactions, ensuring the protection of users' funds from any potential breaches.

One of the unique selling points of Cake Wallet is its built-in exchange feature, which allows users to buy and sell various cryptocurrencies directly within the app. Users can exchange between Bitcoin, Litecoin, Monero, and other cryptocurrencies, with the fiat conversion feature available in supported areas.

The wallet is also user-friendly, with a simple and intuitive user interface. The platform’s design emphasizes simplicity, allowing even non-technical users to navigate it better. Cake Wallet also offers extensive support documentation, which helps users troubleshoot any issues they might encounter.

Moreover, Cake Wallet has an excellent customer support team that provides prompt assistance to users through multiple channels such as live chat and email. The team provides quality customer service, and users can rest assured that they will receive help anytime they need it.

Overall, Cake Technologies has become one of the most popular cryptocurrency wallet platforms in the market and continues to innovate its offering. The platform's quality and user-friendly features make it an ideal platform for both new and experienced cryptocurrency investors. As the company continues to grow, it is positioning itself as a top player in the cryptocurrency wallet industry.

Overview of Cake Technologies complaint handling

Cake Technologies reviews first appeared on Complaints Board on Apr 10, 2023. The latest review Great if you like not having access to your money! was posted on May 15, 2023. The latest complaint Insecure Wallet was resolved on May 15, 2023. Cake Technologies has an average consumer rating of 5 stars from 30 reviews. Cake Technologies has resolved 18 complaints.
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Cake Technologies Category
Cake Technologies is ranked 125 among 298 companies in the Mobile Apps and Add-Ons category

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