Being free, open-source (auditable) and strongly focused on user privacy, this wallet is ideal for cypherpunks. The Tor anonymity network among a few other security features such as the implementation of the ZeroLink protocol and Chaumian Coinjoin coin shuffling/mixing are integrated into the wallet, making it harder, if not impossible, to trace your transactions' paths. According to its developers, Wasabi Wallet is the only light wallet that doesn't fail against network analysis. A network analysis by experts may reveal CoinJoin transaction(s). However, it’s next to impossible to identify who sent coins, and how much to whom. Also, Wasabi rates the privacy level of each transaction, which is a nice feature.

The cost of mixing your coins through Wasabi is much cheaper than the centralized mixers and it's more reliable. Mixing coins takes a little while so you need to leave the wallet open on your desktop.

Wasabi may be considered by some people as not being user-friendly and there's a lot of criticism about its UI. There's no option for turning off the dark theme, and discouraging beginners by technical terms and explanations is another issue.

A label is required every time you want to receive bitcoins; this may be inconvenient and sometimes compromising user privacy.

Apparently, there's no easy way to integrate this wallet's unique functionalities with a hardware wallet, and there's no version for smartphones. Also, 2 Factor Authentication is missing.