Sparrow Wallet vs Trust Wallet Comparison

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.

New wallets get a 12-word phrase; 12- and 24-word phrases can be imported. Addresses on a few networks, such as Wanchain and IoTeX, are derived differently from the Ethereum address of the same phrase, so another wallet may not find them.

Browser extension only: source code audit and penetration test; all five findings fixed and the fixes checked by the auditor. No audit of the phone app has been published.

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.

The privacy notice names Dapps Platform Bahrain W.L.L., doing business as Trust Wallet, as the company that handles your data. The terms of service are governed by Hong Kong law, with arbitration in Hong Kong. The app stores list DApps Platform Software Services Ltd. and DApps Platform, Inc. as the developer.

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.

Founded in 2017 by Viktor Radchenko and bought by Binance in July 2018, its first acquisition; Binance said at the time that Trust Wallet would keep its autonomy. Security reports go through Binance's bug bounty programme. Trust Wallet does not publish its current ownership structure, so Binance is the last documented owner.