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Cake Wallet Review: Best Privacy Wallet for Bitcoin and Monero Users
- Cake Wallet is a mobile wallet designed for users who value privacy and control when managing cryptocurrencies.
- Its exceptional level of control is made possible through its advanced UTXO management system, known as Coin Control.
- Cake Wallet offers a unique feature known as Silent Payments, allowing users to receive funds without generating and sharing a new address for every transaction.
- In-app exchange feature powered by Trocador, an aggregator that finds the best exchange rates across various providers.
- Cake Wallet is one of the few mobile wallets offering advanced transaction customization, and it supports multiple output transactions.
- Users can route the entire Cake Wallet app through the Tor network, adding an extra layer of anonymity and security.
- Cake Wallet lets users connect to their own custom nodes, enhancing privacy and decentralization.
- The wallet supports Monero, Bitcoin, Litecoin, Nano, and Bitcoin Cash, and offers ease of use for securely storing keys.
- Cake Wallet is not designed for NFT storage and trading capabilities, as its focus is on securely managing cryptocurrencies.
- The built-in exchange feature and Tor integration make Cake Wallet one of the best options for privacy and more granular control of transactions on the go.
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