Cake Wallet vs Monero GUI Comparison

Bitcoin, Zcash, Ethereum and the other networks use a 12- or 24-word BIP39 phrase. New Monero wallets default to the 16-word Polyseed format; a 25-word Monero seed or a 12-word BIP39 phrase can be chosen instead. Only BIP39 wallets can share one phrase across several networks.

Monero's own 25-word seed: 24 words encode the private spend key and the 25th is a checksum. It is not BIP39, but it is the most widely used seed format among Monero wallets. The GUI creates and restores only this format, and can also restore a wallet from its private keys or from a hardware wallet.

Cake Wallet's terms name Cake Labs LLC, a limited liability company formed under the laws of Nevis, and say disputes are governed by Florida law. The App Store lists the developer as Cake Technologies, LLC.

The Monero Project calls itself a loose collective of individuals; the GUI has no company behind it. The terms of use of getmonero.org, last revised in June 2017, are governed by the laws of South Africa.

Founded by Vikrant Sharma, its CEO, who started the company in 2017; Cake Wallet launched in 2018 as a Monero wallet for iOS. Cake Labs also makes Monero.com, Cake Pay and Cupcake.

Built by volunteer and crowdfunded contributors under the oversight of the Monero Core Team. No part of the block reward goes to development; the project is funded by donations to its General Fund and through the Community Crowdfunding System.