Rainbow - Ethereum Wallet vs its rivals

Side-by-side comparison against Rainbow - Ethereum Wallet's closest competitors — identity, store metrics, ratings & sentiment, and strategic intel.

	Rainbow - Ethereum Wallet This App	Trust: Crypto & Bitcoin Wallet Nemesis	Exodus: Crypto Bitcoin Wallet Contender	Phantom - Trade Markets Contender	OKX: Buy Bitcoin BTC & Crypto Peer	Rabby Wallet - Crypto & EVM Peer	Zerion: Crypto Wallet & DeFi Peer
Core Identity
Developer	Rainbow Studio, Inc	DApps Platform Software Services Ltd.	Exodus Movement, Inc.	Phantom Technologies Incorporated	OKX MALTA LTD	OPCODE LABS PTE. LTD.	Zerion LLC
Category	Finance	Finance	Finance	Utilities	Finance	Utilities	Finance
Platform	Android, iOS	iOS, Android	iOS, Android	Android, iOS	iOS, Android	iOS, Android	Android, iOS
Store Metrics
Rating	4.6 / 5	4.7 / 5	4.6 / 5	4.8 / 5	4.6 / 5	3.3 / 5	4.8 / 5
Ratings Count	4,088	196,517	35,419	59,402	22,179	1,153	4,728
Price	Free	Free	Free	Free	Free	Free	Free
Release Date	Jun 26, 2019	Sep 27, 2017	Mar 23, 2019	Jan 30, 2022	Jan 4, 2018	Feb 28, 2024	Aug 27, 2019
Last Updated	May 4, 2026	Apr 16, 2026	May 6, 2026	Apr 28, 2026	Apr 21, 2026	Apr 11, 2026	Apr 8, 2026
Sentiment & Reviews
Sentiment	mixed	negative	-	negative	negative	-	-
Score	65/100	38/100	-	35/100	34/100	-	-
Praises	Clean and intuitive interface design makes navigating complex decentralized finance features accessible for newcomers	General Reliability	-	Simple and clean interface design facilitates quick navigation for new cryptocurrency traders Fast transaction processing speeds provide a competitive edge for active market participants	Ease of Use	-	-
Complaints	Critical security concerns regarding potential private key leaks and unauthorized access to user funds	Asset Loss and Security Exploits Technical Bugs and Balance Display Issues	-	Frequent application crashes and unexpected logouts disrupt critical financial transactions post-update Security concerns regarding unauthorized fund transfers and lack of multi-factor authentication Broken onboarding and verification flows for financial card features prevent user access	Withdrawal & Fund Access Regressive UI Updates	-	-
Requests	Advanced configuration options for custom networks and RPC providers to support power user requirements	-	-	Enhanced security protocols including mandatory multi-factor authentication for large outgoing transactions Improved token management tools to hide or delete valueless assets from the dashboard	-	-	-
Strategic Intel
Strengths	Design-forward interface reduces cognitive load for new users iCloud backup integration simplifies wallet recovery Open-source status fosters community-driven development	Massive 200M+ user base and brand recognition Unrivaled multi-chain support (100+ blockchains) Native 'Stablecoin Earn' yield integration	-	Terminal desktop integration captures high-volume traders Social profiles drive network effects via peer-to-peer payments Scam detection functions as a brand moat against common Web3 risks	Unified CEX/DEX Web3 Wallet integration Audited 1:1 Proof of Reserves AI-driven trading automation tools	-	-
Weaknesses	Recurring reports of security exploits erode user trust Lack of custom RPC configuration limits power-user utility Inconsistent app performance following recent updates	Critical balance-syncing and display bugs History of unrecovered losses from extension exploits Lack of human-led customer support	-	Lack of multi-factor authentication for outgoing transfers Frequent crash reports post-update Broken onboarding flows for financial card features	High-friction withdrawal and bank-linking process Technical errors in KYC/verification onboarding Removal of professional UI features in recent updates	-	-
Pricing	free	free	free	free	freemium	free	free
Momentum	Intense	Active	Intense	Intense	Maintenance	Intense	Intense
Update Cadence	5 versions	5 versions, 1 majors/6mo, ~3d avg	5 versions	5 versions, ~3d avg	5 versions, ~4d avg	5 versions	5 versions

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