Rainbow

Rainbow is a self-custodial crypto wallet focused on Ethereum and Ethereum-compatible networks, known for its design and ease of use. Available on mobile and as a browser extension, it aims to make holding tokens, collecting NFTs and using decentralised applications feel approachable and even fun. Its identity is design. Rainbow has stood out for a colourful, carefully crafted interface that treats a wallet as a consumer product rather than a technical tool. NFTs are displayed as a visual gallery, tokens are presented with clear prices and charts, and onboarding is designed to help newcomers create a wallet, back it up and understand what they are doing. That focus has made it popular with NFT collectors and people new to Ethereum. As a self-custodial wallet, Rainbow gives users control of their private keys. Backups can be stored with a secret phrase or encrypted in cloud storage, which offers a balance between security and convenience, and hardware wallets such as Ledger can be connected for added protection. The wallet supports Ethereum along with layer-2 networks such as Base, Optimism, Arbitrum and others, with built-in swaps and bridging that find routes across networks. Rainbow connects to decentralised applications through WalletConnect and its browser extension, and its developer kit, RainbowKit, is widely used by app developers to add wallet connection to their websites, which extends its influence beyond its own users. The wallet has experimented with rewards and points programmes to engage users. The trade-offs are its narrower focus on Ethereum-based networks compared with multi-chain wallets, the security responsibilities of self-custody, and swap fees on in-app trades. Alternatives include MetaMask, the most widely supported Ethereum wallet; Rabby for security-focused transaction previews; Phantom for a polished multi-chain wallet; Coinbase Wallet for users of Coinbase's ecosystem; Zerion for portfolio tracking with a wallet; and Ledger hardware wallets for cold storage. Choose Rainbow when you want a friendly, beautifully designed Ethereum wallet, particularly for NFTs and newcomers.