Freedom251 › Cryptocurrency Wallets Software
Rainbow
What Rainbow is
Rainbow is a free app and browser service for trading financial markets from a phone. Listed markets include crypto, stocks, championships, commodities, meme coins, and world events. Its non-custodial wallet lets users buy Bitcoin and other supported crypto while private keys remain on their device. Users can also trade Polymarket markets involving sports, elections, rate cuts, and other subjects. Rainbow advertises long and short perpetual trading with up to 50x leverage on Bitcoin, the S&P 500, gold, and oil through Hyperliquid. The app displays real-time prices and charts. Rainbow says each trade earns $RNBW, while Rainbow Black adds free instant deposits, larger rewards, and automatic compounding of up to 100% of trading fees. Apps are listed for iOS and Android, with extensions for Chrome, Firefox, Edge, Brave, Safari, and Arc. Wallet recovery uses a 12-word phrase and optional encrypted iCloud backup.
Who it suits
It suits people seeking a phone-focused trading app with a self-custodied crypto wallet and access across mobile, desktop browsers, and web. Users should be comfortable managing their own recovery phrase and possible transaction fees.
What it does well
- Free plan available
- Non-custodial wallet keeps keys on-device
- Supports crypto and prediction markets
- iOS, Android, web, and browser extensions
- Real-time prices and charts
What to know first
- Lost recovery phrases cannot be restored
- Swap, transfer, and network fees may apply
- Some ERC-20 tokens may be unsupported
- Leverage advertised up to 50x increases exposure
Verdict
Rainbow combines self-custodied crypto storage with several listed trading markets and broad platform coverage. Its fee possibilities and irreversible recovery phrase make account management an important consideration.
Facts from Rainbow's own pages
- Company details
- The opened maker pages did not state a headquarters or founding year. · rainbow.me, 8 Oct 2026
- Crypto
- Rainbow says users can buy Bitcoin and meme coins and describes the crypto as belonging to the user. · rainbow.me, 8 Oct 2026
- Crypto wallet
- Rainbow says users can buy Bitcoin and other supported crypto while controlling their own keys. · rainbow.me, 8 Oct 2026
- Desktop platforms
- The download page lists browser extensions for Chrome, Firefox, Edge, Brave, Safari, and Arc. · rainbow.me, 8 Oct 2026
- Fees and limits
- The terms say users may incur swap, card or bank transfer, and blockchain network fees, and that some ERC-20 tokens may not be supported at times. · rainbow.me, 8 Oct 2026
- Headquarters
- Miami, Florida, United States · rainbow.me, 28 Sept 2026
- Live data
- Rainbow advertises real-time prices and charts within the app. · rainbow.me, 8 Oct 2026
- Maker
- The homepage identifies the maker as Rainbow Studio Inc. · rainbow.me, 8 Oct 2026
- Markets
- The site lists crypto, stocks, championships, commodities, meme coins, and world events as tradable markets. · rainbow.me, 8 Oct 2026
- Mobile platforms
- The download page offers apps for iOS and Android. · rainbow.me, 8 Oct 2026
- Non-custodial security
- Rainbow's terms say its wallet is unhosted and non-custodial, with private keys stored on the user's device. · rainbow.me, 8 Oct 2026
- Perpetuals
- The site advertises long or short trading with up to 50x leverage on Bitcoin, the S&P 500, gold, and oil, powered by Hyperliquid. · rainbow.me, 8 Oct 2026
- Prediction markets
- Rainbow says users can trade Polymarket markets covering sports, elections, rate cuts, and other topics. · rainbow.me, 8 Oct 2026
- Predictions
- The site says users can trade Polymarket markets covering sports, elections, rate cuts, and other topics. · rainbow.me, 8 Oct 2026
- Privacy
- The privacy policy says the service may collect personal information and error log data, including device IP address and operating system version, and may use third-party services that collect identifying information. · rainbow.me, 8 Oct 2026
- Product
- Rainbow describes itself as an app for trading financial markets from a phone. · rainbow.me, 8 Oct 2026
- Recovery
- The terms say a new wallet gets a 12-word recovery phrase and Rainbow cannot recover it if lost; they also describe an encrypted iCloud backup feature. · rainbow.me, 8 Oct 2026
- Rewards
- Rainbow says every trade earns $RNBW and Rainbow Black offers free instant deposits, bigger rewards, and automatic compounding of up to 100% of trading fees. · rainbow.me, 8 Oct 2026
- Support
- Rainbow provides getting-started, mobile, and browser-extension guides and lists support email [email protected]. · rainbow.me, 8 Oct 2026
- Third-party services
- The terms say fiat crypto purchases use third-party processors, including Apple Pay or a valid bank account and debit card. · rainbow.me, 8 Oct 2026
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