Cake Wallet vs Sparrow Wallet Comparison
| Feature | ||
|---|---|---|
| Overview | ||
| Rating | 7.1 | 7.8 |
| Type | Software wallet | Software wallet |
| Price | Not specified | Not specified |
| Free to use | Yes | Yes |
| Established | 2018 | 2020 |
| Platforms |  Android iOSmacOS Linux |  WindowsmacOSLinux |
| Networks |  Monero Bitcoin Lightning (through a third party) Litecoin Zcash Ethereum Polygon Arbitrum Base BNB Chain Solana Tron Bitcoin Cash Dogecoin | Bitcoin |
| Keys & recovery | ||
| Who holds the keys | You hold the keysShow detailsHide detailsBitcoin, Zcash, Ethereum and the other networks use a 12- or 24-word BIP39 phrase. New Monero wallets default to the 16-word Polyseed format; a 25-word Monero seed or a 12-word BIP39 phrase can be chosen instead. Only BIP39 wallets can share one phrase across several networks. | You hold the keysShow detailsHide detailsCreates BIP39 phrases of 12 to 24 words. It can also restore from SLIP39 shares, and it can hold no seed at all when the keys live on a hardware wallet. |
| Seed format | Standard phrase (BIP39) | Standard phrase (BIP39) |
| Seed portability | Restores in other wallets | Restores in other wallets |
| Passphrase | Yes | Yes |
| Recovery | Seed phrase | Seed phrase |
| Multisig | Not supported | Built in |
| Network & metadata | ||
| Default server | The vendor's servers | Public servers |
| Own node | Supported | Supported |
| Tor | Built in | Built in |
| Coin control | Full | Full |
| ID for in-app buying | Yes | No |
| Device purchase | Not applicable | Not applicable |
| Device | ||
| Secure element | Not applicable | Not applicable |
| Air-gapped | Not applicable | Not applicable |
| Firmware code | Not applicable | Not applicable |
| Trust & transparency | ||
| App code | Fully open source | Fully open source |
| Server code | Partly open source | No vendor servers |
| Reproducible builds | No | Yes |
| Security audit | None on record | None on record |
| Bug bounty | No | No |
| Jurisdiction | NevisShow detailsHide detailsCake Wallet's terms name Cake Labs LLC, a limited liability company formed under the laws of Nevis, and say disputes are governed by Florida law. The App Store lists the developer as Cake Technologies, LLC. | South AfricaShow detailsHide detailsSparrow is built by one developer, Craig Raw, who is based in South Africa. No company stands behind the project, and Sparrow runs no wallet servers of its own. |
| Owner | Cake Labs LLCShow detailsHide detailsFounded by Vikrant Sharma, its CEO, who started the company in 2017; Cake Wallet launched in 2018 as a Monero wallet for iOS. Cake Labs also makes Monero.com, Cake Pay and Cupcake. | Craig RawShow detailsHide detailsBuilt and maintained by a single developer since 2020, with code contributions from others. Sparrow is free and is funded by donations; it has no support team, only a community-run Telegram group. |
| Telemetry | Opt-in | No telemetry |
| Past incident | Yes | No |
