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SPECIFICTION
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Rainbow

rainbow.me

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Spec score 7.3 #6 of 27 in Cryptocurrency Wallets Software

What it is

Rainbow is a phone-focused app for trading financial markets, combining crypto access with markets in stocks, championships, commodities, meme coins, and world events. Its wallet lets users buy Bitcoin and other supported crypto while keeping control of private keys on their device. Users can also trade Polymarket markets covering subjects such as sports, elections, and rate cuts. Rainbow advertises long or short positions with up to 50x leverage on Bitcoin, the S&P 500, gold, and oil through Hyperliquid. The app lists real-time prices and charts, and says each trade earns $RNBW. Rainbow Black is described as offering free instant deposits, larger rewards, and automatic compounding of up to 100% of trading fees. Apps are available for iOS and Android, with browser extensions for Chrome, Firefox, Edge, Brave, Safari, and Arc. The wallet is non-custodial; a new wallet receives a 12-word recovery phrase that Rainbow cannot restore if lost, with an encrypted iCloud backup feature also described. Transactions may involve swap, payment, or blockchain network fees.

Spec sheet

Product
Rainbow describes itself as an app for trading financial markets from a phone.Read 8 Oct 2026 · rainbow.me
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.Read 8 Oct 2026 · rainbow.me
Support
Rainbow provides getting-started, mobile, and browser-extension guides and lists support email [email protected].Read 8 Oct 2026 · rainbow.me
Headquarters
Miami, Florida, United StatesRead 28 Sep 2026 · rainbow.me
Maker
The homepage identifies the maker as Rainbow Studio Inc.Read 8 Oct 2026 · rainbow.me
Company details
The opened maker pages did not state a headquarters or founding year.Read 8 Oct 2026 · rainbow.me
Crypto
Rainbow says users can buy Bitcoin and meme coins and describes the crypto as belonging to the user.Read 8 Oct 2026 · rainbow.me
Crypto wallet
Rainbow says users can buy Bitcoin and other supported crypto while controlling their own keys.Read 8 Oct 2026 · rainbow.me
Desktop platforms
The download page lists browser extensions for Chrome, Firefox, Edge, Brave, Safari, and Arc.Read 8 Oct 2026 · rainbow.me
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.Read 8 Oct 2026 · rainbow.me
Live data
Rainbow advertises real-time prices and charts within the app.Read 8 Oct 2026 · rainbow.me
Markets
The site lists crypto, stocks, championships, commodities, meme coins, and world events as tradable markets.Read 8 Oct 2026 · rainbow.me
Mobile platforms
The download page offers apps for iOS and Android.Read 8 Oct 2026 · rainbow.me
Non-custodial security
Rainbow's terms say its wallet is unhosted and non-custodial, with private keys stored on the user's device.Read 8 Oct 2026 · rainbow.me
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.Read 8 Oct 2026 · rainbow.me
Prediction markets
Rainbow says users can trade Polymarket markets covering sports, elections, rate cuts, and other topics.Read 8 Oct 2026 · rainbow.me
Predictions
The site says users can trade Polymarket markets covering sports, elections, rate cuts, and other topics.Read 8 Oct 2026 · rainbow.me
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.Read 8 Oct 2026 · rainbow.me
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.Read 8 Oct 2026 · rainbow.me
Third-party services
The terms say fiat crypto purchases use third-party processors, including Apple Pay or a valid bank account and debit card.Read 8 Oct 2026 · rainbow.me

Strong points and limits

Strong points

  • Wallet keeps private keys on the user's device
  • Markets include crypto, stocks, and world events
  • Polymarket markets cover several topics
  • Apps for iOS and Android
  • Browser extensions span six listed browsers

Limits

  • Rainbow cannot recover a lost recovery phrase
  • Transactions may incur swap or network fees
  • Some ERC-20 tokens may not be supported at times

Who it suits

Rainbow suits users who want a phone-based way to access crypto and a range of trading markets, with browser extensions also available. Its non-custodial wallet is for people prepared to safeguard their own recovery phrase.

Verdict

Rainbow brings a non-custodial crypto wallet together with several types of trading markets and mobile and browser access. Users should understand the recovery-phrase responsibility and possible transaction fees before using it.

Where Specifiction places it

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