Bitkey vs Sparrow
Quick take
Bitkey offers a mobile‑first 2‑of‑3 setup with device pairing, cloud‑assisted recovery, and no seed memorization. Sparrow is a non‑custodial desktop wallet with manual seed backups, advanced coin control, and robust node connectivity. Compare recovery approach, device model, node options, and everyday usability.
Platform |
Physical device (hardware wallet) + mobile app
Desktop wallet
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Supported Networks |
Bitcoin
Bitcoin
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Features |
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Price |
$149 for device
Free
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Custody & Control |
Shared custody: you hold two out of three keys
Non-custodial
|
Recovery Method |
Cloud + device pairing
Manual seed backup
|
Open Source |
No
Yes
|
Does it connect to your own node? |
Yes
Yes – Bitcoin Core or Electrum server (Tor supported)
|
User Experience |
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Interface |
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App Ratings |
iOS: 4.6 Android: 4.2 No app available
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Profile
Founder(s)
|
![]() Jack Dorsey ![]() Craig Raw |
Company description |
Bitkey is a mobile and hardware wallet developed by Block and designed for people new to Bitcoin who want simple, secure self-custody. The system combines a phone app with a wireless hardware device a... Bitkey is a mobile and hardware wallet developed by Block and designed for people new to Bitcoin who want simple, secure self-custody. The system combines a phone app with a wireless hardware device and an encrypted cloud backup, using a 2-of-3 multisig model to keep users in control of their funds. This structure allows users to recover access even if they lose their phone or the device, adding safety without relying on seed phrases. Sparrow Wallet is a desktop Bitcoin wallet designed to give users full control over their bitcoin. It was created by developer Craig Raw and is open-source, privacy-focused, and ideal for both beginne... Sparrow Wallet is a desktop Bitcoin wallet designed to give users full control over their bitcoin. It was created by developer Craig Raw and is open-source, privacy-focused, and ideal for both beginners and advanced users. The wallet works on Windows, macOS, and Linux. |
Founded in |
2024
2020
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Website |
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Availability |
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FAQs
Is Sparrow a hardware wallet?
No. Sparrow is a desktop software wallet that can pair with hardware devices.
Does Bitkey require me to memorize a seed phrase?
No. Bitkey replaces traditional seed phrases with device pairing and an encrypted cloud backup.
Can Sparrow work with hardware devices?
Yes. Sparrow integrates with popular hardware wallets and can connect to your own node.