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Cake Wallet vs Sparrow Wallet

How Cake Wallet vs Sparrow Wallet compare on our ratings, wallet specs, funding, pros and cons.

Cake Wallet4.3/5
VS
Sparrow Wallet3.8/5
Feature
Cake WalletVisit
Sparrow WalletVisit
Ratings
Our score4.3/53.8/5
User ratingNo reviews yetNo reviews yet
Security4.54.5
Ease of use4.03.5
Chain support4.01.5
Features4.04.5
Privacy5.04.5
Specs
KYC required No No
Wallet typeMobile, DesktopDesktop
CustodySelf-custodialSelf-custodial
ChainsBitcoin, Ethereum, Solana, Arbitrum, Base, Polygon, BNB Chain, Tron, OtherBitcoin
PlatformsiOS, Android, macOS, LinuxWindows, macOS, Linux
Open source Yes Yes
Hardware wallet support Yes Yes
In-app swaps Yes No
StakingNot disclosed No
NFT supportNot disclosed No
Buy crypto in app Yes No
Security featuresPIN protection, Encrypted backups, Tor routing, Bitcoin Silent Payments, Coin control, Replace-by-FeeCoin control, PSBT support, Multisig, Tor, Encrypted local wallet data, Hardware-wallet support, Air-gapped signing
Recovery without a seed phrase No No
Passkey loginNot disclosed No
MultisigNot disclosed Yes
Built-in dApp browser No No
Perpetuals trading No No
Company
Founded20182020
Headquarters——
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Fully open source under the MIT license
  • Self-custodial design requires no user account creation or identity verification
  • Built-in Tor routing conceals IP addresses when broadcasting transactions
  • Integrates hardware signing devices alongside an air-gapped phone signing option
  • Apache 2.0 open-source license
  • Self-custodial local wallet storage
  • Detailed UTXO and fee control
  • PSBT and multisig support
Cons
  • Native in-app bridging is restricted to USDT across Ethereum, Polygon, and Arbitrum
  • In-app exchange rates and fiat purchases carry external third-party provider fees
  • Fee customization and bumping tools are unavailable on Solana, Tron, and Arbitrum
  • Requires users to manage seed phrase backups without automated social recovery
  • Supports Bitcoin only
  • Desktop setup is complex for basic users
  • Seed loss can permanently block recovery
  • Public-server use can expose wallet-related network information
Best forMonero and privacy-focused asset holders, Users routing transactions through Tor, Mobile users pairing hardware walletsBitcoin self-custody, PSBT signing workflows, Multisig wallet management

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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