Cake Wallet software installation and operation guide for Android
Cake Wallet is a wallet for managing Monero cryptocurrency. The tutorial describes how to install and generate a wallet, as well as transfer and receive funds.
Installation of Cake Wallet app #
- Download the application Cake Wallet from the Play Store or F-Droid.
Generating a wallet #
- Launch the Cake Wallet app and click Set PIN.
- Create a PIN.
- Click Create New Wallet.
- Choose Monero (XMR) and click Next.
- Set the name of the wallet, select Advanced settings, select Tor only and click Continue → Follow.
- Click I understand. Show me my seed.
- The seed will be displayed. This is a security phrase that should be saved in a safe place along with the date the wallet was created, for example, on an external USB drive encrypted with Veracrypt, TrueCrypt, or LUKS. If recovery is required, you will be asked to enter the security phrase to recover the wallet along with its creation date. The creation date is required to retrieve the correct number of blocks from the Monero network. Entering too late a date during recovery may result in an incorrect amount of funds displayed in the wallet. Save the seed and click Verify seed.
- Provide the information requested on the screen and click Open Wallet.
- Wait for the node to synchronize before using the wallet. Progress can be seen at the top of the screen, which announces the number of remaining Monero network blocks to be downloaded. In case of connection problems, press the information about the remaining blocks and select Reconnect. The wallet is ready for use when the text SYNCHRONIZED is visible at the top of the screen.
Receiving funds #
- Go to Receive → Accounts and subaddresses. A list of your Monero addresses used to receive funds will be displayed. You can generate new subaddresses by clicking + under Addresses. It is a good idea to use subaddresses once and generate a new one for each transaction to maximize the privacy of your funds. All incoming transactions to any of the subaddresses are added together, and their balance is common to the entire account. Paste the address where you want to receive the funds, for example, in the appropriate box on the exchange or by sending it to the appropriate person.
- After receiving the funds, the History tab will show the incoming transaction.
- You must wait for 10 confirmations from the Monero network before sending the received funds.
Sending funds #
- To send funds, go to the Send tab. Under Address, paste the destination Monero address. Under XMR, enter the amount. Verify the Estimated fee amount; it should be a few cents. Click the Send button.
WARNING: This action cannot be undone. Providing an incorrect address may result in loss of funds.
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Enter your PIN.
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After checking the transaction details again, slide the Swipe to send button to the right.
- Wait for 10 confirmations from the Monero network before continuing to use the subaddress after sending funds. You can check the available balance by clicking Home → Available Balance.