Hot wallet
Phantom vs Rainbow
Same kind of product, two profiles. Affiliate status is not how this page is ordered.
Phantom
Phantom is a hot wallet best known on Solana, with support it has extended to other networks. Fees for in-app swaps were not verified, so this profile does not quote one.
Rainbow
Rainbow is an Ethereum-focused hot wallet. Fee numbers and the exact network list were not verified, so this profile does not quote them.
Facts
| Fact | Phantom | Rainbow |
|---|---|---|
| Custody | Phantom says recovery-phrase wallets and Google or Apple sign-in wallets are both self-custodial. Phantom does not hold the recovery phrase or the private keys. Verified 2026-10-26 | Rainbow's site says "Your keys. Your crypto." Verified 2026-10-26 |
| Platforms | Free on iOS, Android, and as a browser extension. Verified 2026-10-26 | — |
| Recovery | A recovery-phrase wallet uses a 12-word phrase. Phantom says that phrase is the root of the private keys, and that a device password or biometrics does not replace it. Verified 2026-10-26 | — |
Phantom sources
- Custody
Verified 2026-10-26
Phantom says recovery-phrase wallets and Google or Apple sign-in wallets are both self-custodial. Phantom does not hold the recovery phrase or the private keys.
- Platforms
Verified 2026-10-26
Free on iOS, Android, and as a browser extension.
- Recovery
Verified 2026-10-26
A recovery-phrase wallet uses a 12-word phrase. Phantom says that phrase is the root of the private keys, and that a device password or biometrics does not replace it.
Rainbow sources
- Custody
Verified 2026-10-26
Rainbow's site says "Your keys. Your crypto."
Order on this site follows published fees. An Affiliate tag does not change it.