Rainbow
Self-custody crypto wallet and trading app for phones and browsers, built on Ethereum.
Updated · AppBreakup editorial · iOS, Android, Browser extension
Is Rainbow free?
Yes, free to use
- License:
- GPL-3.0
Checked on Rainbow's site Nov 8, 2026
Switch from Rainbow to
All 5
Atomic WalletFree
- RaRabby Wallet
Free
PhantomFree
- Verified facts
- 5 of 5
- Alternatives ranked
- 5
- Approved reviews
- 0
- Visits sent from here
- 0
About Rainbow
Rainbow started as a friendly Ethereum wallet and has grown into a self-custody trading app. You keep your own keys, and from the same app you can buy and swap tokens, trade prediction markets powered by Polymarket, and open leveraged perpetual futures on crypto, stock indexes and commodities through Hyperliquid. Live prices and charts are built in, and trades earn the project's own reward token. It runs on iPhone and Android and as a browser extension for Chrome, Firefox, Edge, Brave, Safari and Arc, so the same wallet can connect to web3 apps on desktop. The app's code is published on GitHub. The wallet itself is free to download; trading carries fees, and an optional Rainbow Black tier offers bigger rewards and instant deposits. Its team also makes RainbowKit, a widely used wallet-connection kit for developers. It suits Ethereum users who want a polished wallet with trading in one place; people who just want to store coins safely may find the leverage and rewards features distracting.
Best for: Ethereum users who want a self-custody wallet with swaps and trading built in.
Pros and cons
What works
- Self-custody: your keys stay with you
- Same wallet on mobile and as a browser extension for most browsers
- Swaps, prediction markets and perps without leaving the app
- App source code is GPL-3.0 licensed on GitHub
Why people leave
- Focus has shifted toward trading and leverage, which adds risk and clutter
- Built around Ethereum and EVM chains rather than Bitcoin
- Rewards are paid in the project's own token
Rainbow vs Atomic Wallet, Rabby Wallet and Phantom
From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.
| Attribute | Rainbow | Atomic Wallet | Rabby Wallet | Phantom |
|---|---|---|---|---|
| Pricing | Free | Free | Free | Free |
| Verified price | — | — | — | — |
| Free plan | Free app | Free app | Free app | Free app |
| Open source | Yes | No | Yes | No |
| Self-hostable | No | No | No | No |
| Platforms | iOS, Android, Browser extension | Windows, macOS, Linux, Android, iOS | Browser extension, iOS, Android | iOS, Android, Browser extension |
Top Rainbow alternatives
See all 5- 1Atomic Wallet74.4
Simpler multi-coin wallet covering Bitcoin and many other chains, on desktop too.
- 2RaRabby Wallet68.8
Desktop-first EVM wallet with clear transaction previews, without the trading and leverage features.
- 3Phantom64.8
Polished multichain wallet on mobile and browser, stronger if you also use Solana.
- 4
Zengo59.6No seed phrase to manage, with MPC-based recovery for people worried about losing keys.
- 5
Ledger Wallet57.5Adds a hardware device for offline key storage when balances get large.
Why people left Rainbow
In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.
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Reviews
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Rainbow: common questions
What is Rainbow?
Rainbow: Self-custody crypto wallet and trading app for phones and browsers, built on Ethereum. Best for ethereum users who want a self-custody wallet with swaps and trading built in. Available for iOS, Android and Browser extension.
Is Rainbow free?
Yes, Rainbow is free to use.
Is Rainbow open source?
Yes. The source code is on GitHub at rainbow-me/rainbow.
What platforms does Rainbow run on?
Rainbow is available for iOS, Android and Browser extension.
What are the best alternatives to Rainbow?
The highest-ranked Rainbow alternatives right now are Atomic Wallet, Rabby Wallet and Phantom. See the full ranked list for pricing, platforms and verified facts.
Rainbow vs Atomic Wallet: what's the difference?
Both Rainbow and Atomic Wallet are free to use. Rainbow is open source and Atomic Wallet is not. Only Rainbow runs on Browser extension. Only Atomic Wallet runs on Windows, macOS and Linux.