Sparrow vs Phantom
On coverage Phantom is broader (5 chains vs 1). Sparrow is Bitcoin-only (minimal attack surface), Phantom is multi-asset. On code, Sparrow is fully open-source and auditable, the other is not: if sovereignty matters to you, that weighs a lot. Choose based on what you store: large, long-term holdings reward security, daily use rewards convenience.
| Sparrow | Phantom | |
|---|---|---|
| Tier | S | A |
| Rating | ★ 4.6 | ★ 4.4 |
| Fund custody | Self-custody (funds in your control) | Self-custody (funds in your control) |
| Type | Software (hot wallet) | Software (hot wallet) |
| Source code | Open-source | Partly open-source |
| Recovery | Seed phrase 12/24 parole (BIP-39) | Seed phrase 12 parole (BIP-39) |
| Bitcoin-only | Yes | No |
| Supported chains | Bitcoin | Solana, Ethereum, Base, Polygon, Bitcoin |
| Built-in swap | No | Yes |
| Built-in staking | No | Yes |
| dApp browser | No | Yes |
| WalletConnect | No | Yes |
| Hardware wallet support | Yes | — |
| Segment | B2C | B2C |
| Built-in fiat on-ramp | — | Yes |
| Security audits | — | Kudelski Security, Least Authority |
| Regions | US, EU/EEA, UK, APAC, LATAM, MENA, Africa | US, EU/EEA, UK, APAC, LATAM, MENA, Africa |
| Licences & safety | Nessuna (wallet self-custody non-custodial) | Nessuna (wallet self-custody non-custodial) |
Frequently asked questions
Sparrow vs Phantom: which is better?
On coverage Phantom is broader (5 chains vs 1). Sparrow is Bitcoin-only (minimal attack surface), Phantom is multi-asset. On code, Sparrow is fully open-source and auditable, the other is not: if sovereignty matters to you, that weighs a lot. Choose based on what you store: large, long-term holdings reward security, daily use rewards convenience.
Is Sparrow custodial or self-custody?
Sparrow is self-custody: you keep the keys, while Phantom is self-custody.