Side by side

Coinbase Wallet vs Rainbow

Both stand on cryptocurrency wallets software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

Coinbase Wallet

Free plan AndroidAPIExtension+2

Coinbase Wallet combines self-custody, multi-network support, in-app conversions, and security controls in a free wallet. Consider the upcoming classic-wallet closure and network changes before relying on it for ongoing access.

Visit Coinbase Wallet

Rainbow

Free plan AndroidExtensioniPhone+4

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.

Visit Rainbow

The facts

	Coinbase Wallet	Rainbow
Free plan	Yes	Yes
Open source	No	Not published
Runs on	Android, API, Extension, iPhone, Web	Android, Extension, iPhone, Linux, Mac, Web, Windows
Lowest paid plan	Free or on request	Not published
Plans published	1	None
Maker	Not published	Not published
Website	wallet.coinbase.com	rainbow.me
On cryptocurrency wallets software	#1 of 27	#5 of 27

Coinbase Wallet: what it does well

Private keys stay on the user’s device.
Supports EVM networks, Solana, and Bitcoin.
Available on iOS, Android, web, and Chrome extension.
Includes Ledger support and dapp-permission management.

What to know first

Network fees apply.
Third-party purchase fees may apply.
Classic wallet closes August 15, 2026.
Several previously supported networks will no longer be available.

Rainbow: 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

Alternatives to Coinbase Wallet Alternatives to Rainbow The whole list