Rainbow Wallet Review – Features, Fees & Security | CMW

Rainbow crypto wallet review: supported coins, fees, security, and how it compares to top wallets in 2026.

The fun, simple, and secure way to explore Web3

Rainbow is a mobile-first Ethereum wallet that brings joy to the Web3 experience with its playful design and thoughtful features. Built by a team of Ethereum enthusiasts, Rainbow focuses on making crypto accessible and fun while maintaining strong security. The wallet excels at NFT display with beautiful galleries and collection organization. Rainbow supports ENS (Ethereum Name Service) natively, integrates with major Layer 2 networks, and features a unique points system for active users. Its emphasis on community and user experience has earned it a dedicated following among NFT collectors and DeFi users.

Key Facts

  • Website: rainbow.me
  • Founded: 2019
  • Headquarters: San Francisco, USA
  • Rating: 4.7 / 5 (45K+ reviews)

Pros

  • Beautiful, playful design
  • Excellent NFT experience
  • Native ENS support
  • Strong L2 integration
  • Active community and rewards
  • Gas-free swaps on some networks

Cons

  • EVM chains only
  • Mobile-focused (browser extension newer)
  • Smaller team than competitors
  • Limited advanced features

Features

  • Multi-chain: Available (Ethereum + L2s)
  • NFT gallery: Available (Beautiful display)
  • ENS integration: Available (Native support)
  • Swap: Available (Aggregated rates)
  • Hardware wallet: Available (Ledger)
  • Watch wallets: Available (Track any address)
  • Points system: Available (Rainbow Points)
  • Mint calendar: Available (Discover NFT drops)
  • Token discovery: Available
  • Activity feed: Available

Frequently Asked Questions

What are Rainbow Points?

Rainbow Points are earned by using the wallet - making swaps, holding NFTs, and staying active. They're a way to reward loyal users, though their future utility hasn't been fully announced.

Is the iCloud backup safe?

Rainbow's cloud backup is encrypted with your device passcode before upload. Apple/Google cannot read it. For maximum security, disable cloud backup and store your recovery phrase offline.

Does Rainbow support Solana?

No, Rainbow currently focuses on Ethereum and EVM-compatible chains (L2s and sidechains). For Solana, consider Phantom or Solflare.

Can I import my MetaMask wallet?

Yes, you can import any wallet using your 12-word recovery phrase. Go to Settings > Create or Import > Import with recovery phrase.