A head-to-head comparison of Phantom and Rainbow Wallet — pricing, the features that actually differ, and which one fits which use case.
The most popular Solana wallet, now multichain with Bitcoin, Ethereum, and Base support
The most beautiful Ethereum wallet with the best NFT display and Layer 2 UX
These are the 1 capabilities where the two tools genuinely diverge — the rest of their feature sets overlap.
| Capability | Phantom | Rainbow Wallet |
|---|---|---|
| Non Evm Chains | Yes | No |
| Feature | Phantom | Rainbow Wallet |
|---|---|---|
| Self Custody | ✓ | ✓ |
| Hardware Wallet Support | ✓ | ✓ |
| Evm Chains | ✓ | ✓ |
| Non Evm Chains | ✓ | ✗ |
| Mobile App | ✓ | ✓ |
| Browser Extension | ✓ | ✓ |
| In App Swap | ✓ | ✓ |
| Nft Support | ✓ | ✓ |
| Snaps Extensibility | ✗ | ✗ |
| Multi Sig | ✗ | ✗ |
Both tools are free to use — costs come from network or usage fees.
Phantom
Free
Rainbow Wallet
Free
Watch out: 0.85% swap fee is higher than using Jupiter directly.
Watch out: EVM-only — no Solana, Bitcoin, or Cosmos support.
Phantom edges ahead on our editorial score (4.6/5), but these tools aren’t straight substitutes. Pick Phantom when best solana wallet ux — handles compressed nfts, staking, and defi seamlessly matters most to your workflow; pick Rainbow Wallet when best-designed crypto wallet — award-winning ui that makes managing assets enjoyable is the priority. The deciding factor is usually the trade-off you can least afford — Phantom means accepting that 0.85% swap fee is higher than using jupiter directly, while Rainbow Wallet means evm-only — no solana, bitcoin, or cosmos support.
Phantom carries the higher editorial rating (4.6/5 vs 4.4/5), but they solve different problems. Phantom is the stronger pick when you need best solana wallet ux — handles compressed nfts, staking, and defi seamlessly. Rainbow Wallet wins when best-designed crypto wallet — award-winning ui that makes managing assets enjoyable.
Both tools are free to use, with costs coming from network or usage fees rather than subscriptions.
Phantom's main limitation is that 0.85% swap fee is higher than using jupiter directly. For Rainbow Wallet, evm-only — no solana, bitcoin, or cosmos support. Weigh these against how you actually plan to use the tool.
In most cases yes — many teams run both, using each where it's strongest. Since Phantom leads on best solana wallet ux — handles compressed nfts, staking, and defi seamlessly and Rainbow Wallet on best-designed crypto wallet — award-winning ui that makes managing assets enjoyable, the two are often complementary rather than mutually exclusive.