cachewallet.com

What It Is

Cache is a self-custodial iOS/Android wallet provided by Cache Technologies Inc. When a user creates a wallet for the first time, the private key and 12-word BIP-39 seed phrase are generated locally on the device. Cache does not require an email address, phone number, or government ID, and it does not hold users’ private keys. It offers both standard EOA wallets and Safe-based smart wallets, with its main selling points being on-chain Recovery for recovery/inheritance and Scheduled Transfer for timed transfers.

Core Features and Security

Cache supports EVM networks such as Ethereum, Base, Polygon, Arbitrum, and Optimism. Users can send and receive assets, perform same-chain and cross-chain swaps, and buy or sell crypto through third-party aggregators. Private keys are stored in iOS Keychain or Android Keystore, with support for local passwords and biometrics; importing a seed phrase or private key is also handled locally on the device. Its address screening references sanctions lists, malicious-address lists, and high-risk lists, but screening should not be treated as a guarantee of absolute safety. The smart wallet uses the open-source and audited Safe framework, and contract audit reports are published in the security section of the official website.

Fees and Fiat On/Off-Ramps

Wallet creation is free, and deploying a smart wallet only requires network Gas. Sending and receiving only incur Gas fees. Swaps are charged by third-party aggregators, with fees of up to 0.80% plus Gas; Cache receives a referral share. Fiat buying and selling are handled by third-party fiat aggregators and their licensed service providers. Cache does not charge fees for this and does not process KYC data. Fees for Recovery and scheduled transfers are relatively transparent: activation costs $25 on Base and $50 on Ethereum mainnet, plus Gas; Recovery execution fees are 1% on Base and 2% on Ethereum, while scheduled transfer execution fees are 0.5% on Base and 1% on Ethereum.

Pros, Cons, and Who It’s For

Its advantages are clear self-custody boundaries, no requirement for account identity information, detailed fee disclosure, and differentiated recovery and inheritance features. The drawbacks are that advanced features have a learning curve, and misconfigured beneficiaries, loss of the seed phrase, or failure to check in on time could lead to serious consequences. Swaps and fiat channels depend on third parties, so issues must be handled with the relevant service provider. Cache is suitable for users who hold EVM assets long term, care about inheritance planning, and want on-chain automated transfers. It is not suitable for users looking for exchange-style custody, customer-service recovery, or leveraged derivatives.

Access From China

The scraped text does not state whether the service is accessible from mainland China, whether payments are available, or whether there are regional restrictions, so its status is unknown. Chinese users should independently verify whether the app can be downloaded from the App Store or Google Play, and whether third-party fiat services support local bank cards and KYC. Alternatives include MetaMask, Trust Wallet, imToken, Safe, Rabby Wallet, and others.