Quote from: Hatchy on Today at 05:15:13 PM

you can check here on Reddit a few reviews on CW. I've been using Cake Wallet for a while now, and honestly, I haven't run into any issues. One of the main reasons I started using it was to convert my stablecoins into Bitcoin without having to deal with a centralized exchange. Cake Wallet seemed to fit perfectly and it's worked out great for that.

The only real hurdle I've found with Cake Wallet is that it doesn't use the BIP44 standard that a lot of other multicrypto wallets do. This means you have to create a separate seed phrase for each cryptocurrency you want to store which can be a bit of a pain since you need to keep each one securely backed up. It's not ideal, but it's a tradeoff. Onn the flip side, the fact that it's an opensource wallet really makes it stand out from the crowd.

Ok, thanks for the info.

So we mainly have two things here:

1. Cake wallet, unlike for example Exodus or Trezor Suite, require separate seed phrases for each coin.
2. You can use Cake wallet to convert between currencies.

Is the (2) easy to do? Does it use reputable exchanging services? Is there a chance of having coins blocked by the exchanging services?