Rainbow

Rainbow is a self-custody crypto wallet. You hold your own keys, so the company does not hold your funds. It started as an Ethereum wallet and now supports many EVM networks. Its website also lists trading tools such as crypto, predictions, perps and live data in one app.

It suits beginners and intermediate users who want one mobile app for holding and trading. It also suits people who want a browser extension to connect to dApps. Some features, like perps with leverage, are high risk. Rules for these products differ by country, so users must follow the laws of their own country.

1. Download Rainbow for iPhone, Android or a desktop browser such as Chrome, Firefox, Edge, Brave, Safari or Arc.
2. Create a new wallet or import an existing one with a secret phrase.
3. Back up your secret phrase and store it safely. Only you can recover the wallet.
4. Add funds to your wallet address, or deposit through the options inside the app.
5. Open the Crypto, Predictions or Perps sections to view live prices and charts and place trades.
6. Check any fees, rewards terms and local rules before you use a feature.

Use it when:

• You want a self-custody wallet with a simple mobile app.
• You want to hold tokens and view charts in one place.
• You want to connect to dApps from a phone or a browser extension.
• You want to try prediction markets or perps and understand the risks.

Not ideal if:

• You want a wallet that only stores assets, with no trading features.
• You do not want to manage and back up your own secret phrase.
• You are not comfortable with leveraged products, which can lose value fast.