Rainbow

Rainbow is a self-custody wallet made by Rainbow Studio Inc. Self-custody means your keys stay with you, and the project says it never has access to your wallet. The app covers Ethereum and Ethereum-based networks, and it also has trading tools built in.

It is aimed at beginners and intermediate users who want one app to buy crypto, follow live prices and try other markets. Those markets include predictions on sports and world events, and perps on assets like Bitcoin, the S&P 500, Gold and Oil. Perps with leverage are high risk. Always follow the laws and tax rules of your country.

1. Download Rainbow for iPhone or Android, or add the browser extension on desktop.
2. Create a new wallet or import an existing one.
3. Back up your secret phrase and keep it offline and private.
4. Add funds to your wallet and use Live Data to view prices and charts.
5. Choose a market: crypto, predictions or perps.
6. Earn $RNBW rewards on trades. Rainbow Black is an optional upgrade with extra benefits.

Use it when:

• You want a self-custody wallet with a simple mobile interface.
• You want to trade crypto, predictions or perps from one app.
• You want to connect your wallet to dapps on supported networks.

Not ideal if:

• You want a wallet focused only on storage with no trading features.
• You are not comfortable with leverage and the risk of losing your funds.
• You prefer an account where a company can recover your access for you.