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Rainbow vs ShapeShift

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

Rainbow3.3/5
VS
ShapeShift4.2/5
Feature
RainbowVisit
ShapeShiftVisit
Ratings
Our score3.3/54.2/5
User ratingNo reviews yetNo reviews yet
Security3.04.0
Ease of use4.04.0
Chain support2.54.5
Features4.04.0
Privacy3.04.5
Specs
KYC requiredNot disclosed No
Wallet typeMobile, Browser extension, WebMobile, Web
CustodySelf-custodialSelf-custodial
ChainsEthereumEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
PlatformsiOS, Android, ChromeiOS, Android
Open sourceNot disclosed Yes
Hardware wallet supportNot disclosed Yes
In-app swaps Yes Yes
Staking Yes Yes
Buy crypto in app Yes Yes
WalletConnectNot disclosed Yes
Security featuresSelf-custodyNot disclosed
Swap feeNot disclosed0%
Perpetuals trading YesNot disclosed
Company
Founded—2014
HeadquartersUnited StatesSwitzerland
Investors6th Man VenturesEarlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
Strengths and weaknesses
Pros
  • Self-custodial key control
  • Supports Ethereum and Arc
  • Swap costs appear before confirmation
  • Combines wallet and prediction markets
  • Zero platform commission fees charged on decentralized trades
  • No identity verification or KYC required to swap or store funds
  • Covers more than 10,000 assets across 48 native blockchains
  • Direct hardware wallet connectivity for Ledger and Tangem devices
Cons
  • 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
  • Third-party routing protocols and automated market makers impose variable swap fees and spreads
  • Cross-chain execution risks depend entirely on third-party bridge and DEX contract security
  • Users bear total responsibility for managing unassisted seed-phrase recovery
  • Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best forMobile Ethereum wallet users, Crypto and prediction-market traders, Users trading perpetualsKYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration users

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