Rainbow Wallet — the best non-custodial Ethereum wallet — favourite features
Rainbow Wallet is a non-custodial wallet for Etheruem and currently supports only iOS devices with an Android version coming soon.
It’s beautifully designed and I use it all the time for portfolio monitoring and assets tracking on Ethereum. Here is a breakdown of some of my favourite features for Rainbow Wallet.
Decentralized Swaps
You can swap between ERC20 token in your wallet with any other ERC20 token with their built-in swap functionality, which routes to decentralized exchanges like Uniswap V2 to execute.
Having an inbuilt swap functionality in your wallet allows you to seamlessly trade between many ERC-20 tokens without an exchange.
It’s powerful, simple, and easy-to-use. You even get a list of verified tokens so that you can be sure that the token you’re swapping for is legitimate.
WalletConnect integration
Rainbow Wallet also supports WalletConnect for Web3 access.
Web3 access is crucial if you want to participate in DeFi on your mobile. With WalletConnect integration, you can make transactions on the go.
NFT Support
Non-Fungible Tokens or NFTs for short are proving to be a big hit in 2021, with weekly volumes hitting more than US$2m. Digital art is a growing segment of NFT which Rainbow Wallet supports to display your digital collectibles in a nice layout.
Backups on iCloud
The last functionality that I like about Rainbow Wallet is the ability to backup your encrypted private key onto iCloud for easy recovery.
You can easily backup one or more of your private keys / seed phrase so you don’t lose access to your digital assets.
There are a hundred more cool features on Rainbow Wallet worth talking about like custom gas, speed up/cancel transactions and add address to contacts.
But hey, I won’t spoil the surprise for you!
