Ethereum
Official Website: ethereum.org
Ethereum (ETH) is a decentralized, open-source blockchain that enables smart contracts. Unlike Bitcoin, which is primarily a digital currency, Ethereum provides a more versatile platform allowing developers to build various types of decentralized applications (dApps), and supports token standards such as ERC-20.
This wallet type only supports sending on the Ethereum network. Do not attempt to receive other networks to this wallet, or send funds to other networks.
Addresses
In Cake Wallet's Ethereum wallet, there is only one address per wallet, which is standard for the Ethereum ecosystem. Keep in mind that this will have lesser privacy compared to some other assets, where new addresses are automatically generated.
Your Ethereum address will start with 0x followed by a series of alphanumeric characters.
Seed Format
Cake Wallet uses a 12-word BIP39 seed for Ethereum wallets by default. Under Advanced Settings on the wallet creation screen you can choose a 24-word BIP39 seed instead, and you can add a seed passphrase. When creating or restoring a wallet, you can use the seed phrase or the private key. The derivation path used is m/44'/60'/0'/0.
Fee Levels
Transaction fees are a necessary part of sending Ether or ERC-20 tokens.
Ether (ETH) is consumed as a 'gas' fee when making any transaction from an Ethereum wallet. This also applies to sending ERC-20 tokens. For example, to send USDT, you need to pay a network fee in ETH, not USDT. Thus, sending 10 USDT will cost a certain amount of ETH, and the recipient will receive the full 10 USDT.
Cake Wallet offers three fee levels for transactions:
Slow: Cheaper but may take longer to confirm.
Medium: Recommended for most transactions. Balanced speed and cost.
Fast: Expensive but confirms quickly.
These fee levels are determined automatically using current network fee rates.
We recommend using the Medium fee level under normal conditions for a good balance of speed and cost.
Ethereum has two components to fees: the base component set as the network minimum, and the priority component. By changing the Cake Wallet fee level, you add or remove from this priority value. The base fee component does not change.
MEV protection
When you send an Ethereum transaction, Cake Wallet broadcasts it privately through Blink rather than the public mempool. This protects your transaction from MEV — "maximal extractable value" attacks such as front-running and sandwiching, where bots watch the public mempool and reorder or insert transactions around yours to profit at your expense.
Blink protection is enabled by default. If a private broadcast ever fails, Cake Wallet automatically falls back to a normal broadcast so your transaction still goes through. You can turn it off with the Use Blink Protection toggle under Connections in settings.
Tokens
Cake Wallet's Ethereum wallet can store ERC-20 tokens in addition to ETH. Some common ERC-20 tokens such as USDC, USDT, DAI, and DEURO (Decentralized Euro) are displayed by default. To show other ERC-20 tokens, open the Assets tab on your home screen, tap the Tokens button, and enable them.
Other token types, as well as NFTs, are not currently supported; expanded support is planned for the future.
Adding a new token
You can add a new ERC-20 token from the same Tokens screen: search for your desired token, then tap to enable it.
If the token does not appear, you can add it by contract address. Paste the address of the custom token you wish to add, then click the + button.
Transaction history
Transaction history is populated using the Etherscan API. You can enable or disable this API lookup in Connections settings.
Features for Ethereum
Bridge USDT between chains — move USDT between Ethereum, Polygon, and Arbitrum directly in-app.