Rainbow - Ethereum Wallet Ratings and Reviews

A breath of fresh air!

I’ve been dabbling in the NFT space for a little over a year now and have spent much of it on Cardano after being attracted to the low fees, and user friendliness of many of the wallets that make it easy to see the NFTs you own displayed within your wallet. After going back to ethereum to get some exposure to some NFT projects I liked I was pained and disappointed to not be able to easily see my NFTs displayed within my wallet and further frustrated with the clunkiness of metamask. I heard about rainbow wallet and have loved that my complaints about ethereum wallets are no longer valid. I do use a ledger (as a believe everyone should especially for their savings wallet) so it’s great that I can just watch my already existing wallets! Thanks for helping to push the space towards mass adoption with sleek and intuitive features!

Developer Response ,

🥲 We can't thank you enough for the kind words, and we appreciate your support. Rainbow aims to do what Rainbow does exactly for the reasons you described and we couldn't do it without users like you! Stay awesome and thanks again for using and being a part of Rainbow 🌈

!DeddMunny!

I’ve only had a little experience with rainbow, but it has been an exciting one so far. I think that it’s going to be the platform for me to really introduce myself into the cryptocurrency universe. I have had a few opportunities to immerse myself in to Web3, but because of extenuating circumstances, I haven’t been able to explore these options. As much as I would like. Now that I might have some more time on my hands, I would like to utilize the entire realm of possibilities. and I believe rebuild will help me get there a little bit faster with a lot more style. I appreciate all your hard work. And I apologize for my any delays on my part.

Developer Response ,

☺️ We can't thank you enough for your kind words and all of your support! Sincerely, we appreciate you taking the time to explore the app and are happy to be along for your Web3 journey. We have a ton of resources available on our knowledgebase to help you along the way here: learn.rainbow.me -- but always feel free to connect with us at support@rainbow.me if we can help with any questions! Welcome, we're so happy to have you 🌈

For New Users

1 Best ISO App For Uniswap Use
2 Real Time Swapping
3 Access To The ETH Network (Blockchain)
4 Real Proof of Stake With ETH Base Tokens

Be Cautious: Every ETH Token Are Not Real For Anyone Can Create A Token To Get Published Make Sure You Do Your Research And Stay Up To Date With Your Token’s Community & System

For Best Results We Recommend:
Connecting A Wallet For Safety So You Have Full Time Access of Watching And Keeping Track Your Funds Through Both Apps = Eyes On Both Your Wallet And Our Platform As Well So You Can Insure They Both Have The Same Amounts. Also In Case Your Lose Access To Our Platform You Still Have Access To Your Wallet To Re Add For Swapping.

While Also Making Sure That The Tokens You Hold Have The Same Price & Percentage Change As Well.

Also It’s Much Safer To Go Directly The ETH App Than Get Tracked by Cookies On Ah Website Where There Are Scammers Waiting For Users With An Unsecured Connection or Users Who Leave Their Wallets On The Site While Forgetting To Unplug Their Wallet.

Developer Response ,

Thank you so much for the kind words, and thank you for being an awesome Rainbow user! We couldn't do this without you, and appreciate and of your support 🌈 If you run into any issues or have any questions along the way, please reach out to us at support@rainbow.me

BEWARE I GOT CHARGED $446 FOR ONE SWAP

I did one swap and was charged a $446 dollar fee! The transaction didn’t show me the charge of $446 before the swap, only the gas fee. IF YOU SWAP THE 20% PREMIUM FEE IS ON YOUR ENTIRE STACK OF CRYPTO YOU’RE SWAPPING NOT ON THE GAS FEE. It is not clear that the premium fee is not on the eth gas fee and looks intentionally deceiving probably on purpose to trick people into doing a premium swap. I left a Twitter comment with photo proof yesterday and they haven’t responded yet. If I get the charge back or any of my $446 Back that would be amazing. This is literally the only fault of the app that they don’t make it clear they’re taking 20% of your stack. Also it’s predatory that they’d even do such a 20% charge because like me I was in the middle of something and wanted to swap quickly I never would have imagined they’d have such a charge, I thought this app was safe. Kyber network and uniswap would never take 20% of your stack. Rainbow please make this right.

Developer Response ,

Hey there, thanks for trying Rainbow! We're sorry to hear you didn't have a positive experience. The fees you referenced are unfortunately not fees we control or receive. For every transaction on the Ethereum blockchain, the network requires a "gas fee" which fluctuates based on supply and demand. The Ethereum blockchain has been very busy the last few months resulting in unusually high fees to perform transactions on certain days. We always display the estimated "gas fee" for every transaction so you can always make informed decisions about how to use your money. Often it might be worth waiting for gas prices to come down before performing a given transaction. With Rainbow, you are in control of your money! If you'd like additional help or have any questions, we'd love to help. Please reach out to us at support@rainbow.me.

So far super buggy

So I use this with Rarible and so far both this app and raribke have many problems when working with eachother. For example communication between the two apps is very poor. Rarible requires me to sign a message through rainbow wallet and sometimes the message doesn’t connect to rainbow wallet. Other times I recieve the sign message request but Rarible doesn’t receive it leaving a spinning loading wheel which causes the page to never load. I cannot even update my settings in Rarible since the communication between rainbow wallet and Rarible is so ineffective. I am beyond frustrated with the two services because I have invested a lot of time and money into this. Please fix issues with Rarible, and have better cross platform communication built into future updates.

Developer Response ,

Hey there, thanks for using Rainbow! We're so sorry about the connection issues you've been experiencing between Rainbow and Rarible. Over the past 3-4 days the service that is used to connect crypto wallets to various websites and apps (WalletConnect) is currently experiencing an outage due to high volume of usage. We are working closely with the WalletConnect team and app developers from various sites to quickly resolve this issue, but we are largely dependent upon these sites to update WalletConnect on their end. Rarible may need to update in order for the connection to start working smoothly again, so we will reach out to their team to alert them! The outage is only affecting some website connections, so there are many still working. Again, we’re sorry you’re experiencing these connection issues though and are working hard to resolve them! Feel free to reach out to our support team at support@rainbow.me

I’ve used a lot of wallets

Rainbow wallet always stood out because of its fun aesthetic and its attempt to make the arcane nature of blockchains and make them digestible. After a long break (kept buying but not a lot of on chain interaction due to bear market.) I started to use the wallet again thanks to its ledger integration. Wow is all I can say this feels pretty close to the mobile web 3 dream that was described years ago. After a month of interacting with different contracts I see very little need to use anything else but my phone, rainbow wallet and ledger. Thank you rainbow!!

Beautiful New App, but backup to iCloud!

Love this highly intuitive and beautiful little app but after getting a new iPhone all transactions were failing. Turns out the iCloud sync process didn’t include the hash of my recovery phrase. So, word to the wise, if your transactions are failing, uninstall the app and rebuild the wallet from your recovery phrase. Or if you want a more managed process back this app up to iCloud. Don’t take my word for it. Google! But yeah, problem solved.

The fees are absurd

I transferred a bit to try it which cost a ton, then I now can’t get it out because those fees are so high. Eth has gone up in value , but it won’t let me use my eth balance so I’d have to put more money in to move my eth to cover the fee. I understand there is a fee to use the chain in general, but it’s the selling and moving cash to my bank account I’m talking about that’s high. If I transfer to my Gemini wallet it’s about 19 dollars which I could deal with in the event, I could easily transfer it using my current eth balance for the fee -but I as I understand it I need to transfer more dollar in which has another fee to do to pay the 18? Maybe it’s just me but Beware it’s not as easy as using some other platforms.

Developer Response ,

Hey there, thanks for using Rainbow! We're sorry to hear you didn't have a positive experience. The fees you referenced are unfortunately not fees we control or receive. For every transaction on the Ethereum blockchain, the network requires a "gas fee" which fluctuates based on supply and demand. The Ethereum blockchain has been very busy the last few days resulting in unusually high fees to perform transactions. We make sure to prominently display the estimate "gas fee" for every transaction so you can always make informed decisions about how to use your money. Often it might be worth waiting for gas prices to come down before performing a given transaction. With Rainbow, you are in control of your money! If you'd like additional help or have any questions, we'd love to help. Please reach out to us at support@rainbow.me.

🌈The Best of the Best Wallets🌈

Might be the best wallet app of all the Ethereum wallet apps I have used. So many Ethereum wallets make UI so complicated. Rainbow is the complete opposite. Super easy setup and beautiful clean interface. Very sticky interface! Trust me I have searched around and only 1 or 2 come close to where Rainbow app is. I am looking forward to seeing them add a web3 browser and more tokens to swap. Also would be cool to get a Rainbow debit card one day. Sky’s the limit for this app, they are already doing so many things right.

Great, few bugs

It looks great, and it’s very user friendly. The deposit money for banking is the only troublesome aspect, if I hit the *max* option supplied for me I can deposit it fine, but if I type that number in myself it’s insufficient liquidity. And either way when you back out of banking, the buttons kind of stop working. But those are just notes for the future, I really like the direction it’s heading in!!