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What is Phoenix Wallet?

Phoenix is a Bitcoin wallet that facilitates both the sending and receiving of bitcoins. While it may initially resemble other standard Bitcoin wallets, its unique feature is its seamless integration with the Lightning Network, which simplifies the complexities of transactions. This allows users to enjoy faster and more cost-effective transactions without requiring any extra effort from them. The wallet is readily available for download on Google Play for Android users, and it has been offered on the App Store since July 2021. Created by ACINQ, Phoenix operates as a self-custodial wallet, which means that users have complete control over their private keys, thereby enhancing the security of their bitcoins. The design of the wallet promotes an intuitive and user-friendly experience, significantly bolstered by its Lightning Network support, which enhances transaction efficiency. It's important for users of self-custodial wallets to back up their keys to protect their assets, and they should refrain from sharing these keys with others to maintain security. Ultimately, Phoenix not only enables users to efficiently manage their bitcoins but also places a strong emphasis on the importance of safeguarding their funds. With each transaction made through Phoenix, users can feel confident in their ability to navigate the world of cryptocurrency seamlessly.

What is Cake Wallet?

Cake Wallet offers a reliable and secure environment for individuals to manage their XMR and BTC, as well as a range of other digital currencies. Established in 2018 by Cake Technologies LLC, it became the first open-source Monero wallet for iOS, with an expansion to Android in January 2020. By February 2021, the wallet integrated support for BTC through the Electrum wallet, broadening its appeal. Cake Technologies strives to make cryptocurrency more accessible by providing an intuitive interface suitable for beginners, while also catering to more experienced users with advanced features. Throughout its three years in the market, Cake Wallet has reliably enabled safe and simple transactions for its clientele. Additionally, it supports a variety of currencies, including Monero and Bitcoin (Electrum), and maintains its open-source nature. Users benefit from a built-in exchange that allows for seamless trading between multiple cryptocurrencies such as XMR, BTC, ADA, and BCH, among others. Furthermore, the app now allows for direct BTC purchases, enables users to create multiple wallets and accounts, and offers backup options through local storage or cloud solutions. The added capability to connect to preferred remote nodes further enriches the wallet's usability and functionality, making it a versatile choice for cryptocurrency management.

Media

Media

Integrations Supported

Birdeye
Bitcoin
Bitcoin Core
ChangeNOW
Lightning Network
Telegram
Zano

Integrations Supported

Birdeye
Bitcoin
Bitcoin Core
ChangeNOW
Lightning Network
Telegram
Zano

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Phoenix

Date Founded

2019

Company Location

France

Company Website

phoenix.acinq.co

Company Facts

Organization Name

Cake Wallet

Date Founded

2018

Company Location

United States

Company Website

cakewallet.com

Categories and Features

Categories and Features

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