🌈 Rainbow review: security, features and score
81/100SCORE · BTrustedSelf custody, seed phrase
Grade B, very good
A first Ethereum wallet for someone who finds MetaMask cold and confusing.
The facts
- DEVELOPER
- Rainbow
- LAUNCHED
- 2019
- TYPE
- Mobile and browser
- CUSTODY MODEL
- Self custody, seed phrase
- KEY MODEL
- 12 word seed phrase, with optional iCloud or Google Drive encrypted backup
- CHAINS
- Ethereum, Base, Arbitrum, Optimism, Polygon, Zora
- PLATFORMS
- iOS, Android, Chrome, Brave
- OPEN SOURCE
- Full
- AUDITS
- Audited, open source
- HARDWARE SUPPORT
- Ledger
- SWAP COST
- Small routing fee on in-app swaps.
What it can do
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- The friendliest Ethereum wallet there is
- Open source
- Excellent NFT handling
- Encrypted cloud backup for people who will lose a paper seed
✗ Weaknesses
- Ethereum and its layer 2s only
- No staking
- Cloud backup is a convenience and a risk at the same time
Incident history
No security breach or significant incident on record.
Cloud backup is encrypted with a password you set. If that password is weak, your seed is only as safe as your iCloud account.
Reputation and reviews
A reputation score out of 100, kept separate from the feature score above. It reflects what users actually report over time rather than a star rating scraped on one day.
REPUTATION
82/100
Consistently praised for design and for making Ethereum approachable. Criticised for a narrower chain list than Trust Wallet or MetaMask.
Check current reviews yourself
Star ratings change constantly, so we link to the sources rather than printing a number that is out of date the day after it is written.
If something goes wrong
COMMON FIXES
Transaction stuck pendingYour transaction has sat as Pending for minutes or hours and nothing is moving.Transaction failed but the gas was still takenThe transaction reverted, you got nothing, and the fee left your wallet anyway.Token is not showing in my walletThe block explorer shows the tokens arrived, but the wallet shows nothing.I sent tokens to the wrong networkYou withdrew to your address but picked the wrong chain, and the balance is not where you expected.
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.