Gem Wallet vs Rainbow

How Gem Wallet vs Rainbow compare on our ratings, wallet specs, funding, pros and cons.

VS
Rainbow3.3/5
Feature
Ratings
Our score4.6/53.3/5
User ratingNo reviews yetNo reviews yet
Security4.53.0
Ease of use4.54.0
Chain support5.02.5
Features4.04.0
Privacy5.03.0
Specs
KYC required NoNot disclosed
Wallet typeMobileMobile, Browser extension, Web
CustodySelf-custodialSelf-custodial
ChainsEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Sui, Aptos, TON, Tron, Hyperliquid, Cosmos, OtherEthereum
PlatformsiOS, AndroidiOS, Android, Chrome
Open source YesNot disclosed
In-app swaps Yes Yes
Staking Yes Yes
NFT support YesNot disclosed
Buy crypto in app Yes Yes
Security featuresBiometric authentication, 12-word seed phrase backup, Apple Keychain integration, Google Tink encryptionSelf-custody
Recovery without a seed phrase NoNot disclosed
Built-in dApp browser YesNot disclosed
Swap fee0.5%Not disclosed
Perpetuals tradingNot disclosed Yes
Company
Founded2023—
HeadquartersUnited Arab EmiratesUnited States
InvestorsNot disclosed6th Man Ventures
Strengths and weaknesses
Pros
  • Fully open-source mobile application audited by CertiK in April 2026
  • Requires no account creation, email address, or identity verification
  • Supports over 100 distinct blockchains within a single interface
  • Integrated DEX aggregator compares routes across 23 swap providers
  • Self-custodial key control
  • Supports Ethereum and Arc
  • Swap costs appear before confirmation
  • Combines wallet and prediction markets
Cons
  • No desktop client or web browser extension available
  • Swaps carry a 0.5% fee in addition to standard network costs
  • No social recovery alternative for the seed phrase
  • Perpetuals add liquidation and Hyperliquid counterparty exposure
  • Swap fees vary and network charges still apply
  • Fee-on-transfer token swaps can be blocked
  • Self-custody leaves seed-phrase loss with the user
Best forMobile multichain crypto management, Privacy-focused self-custody, Direct cross-chain swaps without exchangesMobile Ethereum wallet users, Crypto and prediction-market traders, Users trading perpetuals

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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