SafePal vs Sparrow Wallet Comparison

The phone app creates a 12- or 24-word BIP39 phrase (BIP39/44 derivation); the browser extension creates its own phrase at setup. Wallets can also be imported from a private key.

Creates 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.

SafePal's terms and privacy policy name SkyGenesis Holdings Limited but give no country of registration or governing law. The App Store lists the seller as SAFEPAL LTD.; Google Play lists the developer as BitTech Group Limited with an address in Wan Chai, Hong Kong. The privacy policy says personal data may be moved to Singapore, Hong Kong, mainland China and the United States.

Sparrow 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.

Founded in 2018 by Veronica Wong and two co-founders, starting as a hardware wallet maker. SafePal names Binance, Animoca Brands and Superscrypt as its backers, and says it has made a strategic investment in Fiat24, the Swiss-regulated financial institution behind its in-app IBAN account and Mastercard.

Built 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.