Rainbow scores 1 point above Electrum, led by key export and account recovery. Rainbow ranks #8 and Electrum #9 of 11 published wallets. Every term of the gap is on the ledger below; the inputs are on the audit receipt.
Rainbow67
vs
ELElectrum66
Scores are out of 100; published scores fall within 41–99 · ranks #8 and #9 of 11
Rainbow scores 1 point above Electrum, led by key export and account recovery.
Rainbow #8 of 1167
ELElectrum #9 of 1166
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termRainbow leads on 2 of 4 published criteria; Electrum on 1. The terms sum to the gap.
TermRainbowElectrumWeightPoints
Key export8/106/106.7+3.5for Rainbow+1.8 of 32
Incident record2/106/105.8−6.0for Electrum−3.1 of 32
Account recovery9/106/104.3+3.4for Rainbow+1.7 of 32
Net of the terms+0.9
Criteria roundingThe criteria block is rounded to whole points before it is spread−0.1
Reproduced gap+0.8
Published gapAfter score rounding and bounds — see the note below6766+1.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
RainbowScore 67GPL-3.0 open-source EVM wallet whose export and exit docs are unusually complete, wrapped in a vendor that publishes no security surface at all and has repositioned itself as a leveraged-trading app.Strength: Recovery exit — 9/10Watch-out: Read the security surface before you commit, because there isn't one. rainbow.me/security is a 301 to a marketing article whose case for safety is "Rainbow is open source" and a "world class team" — no advisory archive, no linked audit, no bug bounty, and the GitHub Security tab says outright "This project has not set up a SECURITY.md file yet" with zero advisories. Rainbow's own sitemap lists 11 URLs and not one of them is a security page. Everything verifiable about this wallet, you verify yourself from the GPL-3.0 source; nothing is verifiable from the vendor. That matters more in 2026 than it did in 2024, because the app you install today is a leveraged-trading front end — 50x perps via Hyperliquid, prediction markets, $RNBW staking tiers — while the Terms of Use governing it were last updated December 13, 2023, the release-notes feed stops at September 23, 2024, and the App Store listing, refreshed with version 2.0.45 on 2026-09-17, still describes a six-chain Ethereum wallet with no mention of perps. The wallet underneath is genuinely good and genuinely exportable. The company around it stopped publishing.ElectrumScore 66The reference Bitcoin desktop and Android wallet since 2011: open source, its own published seed standard, private-key export and a self-disclosed 2018 phishing incident, with a plain preview rather than a scanner before signing.Strength: Key export — 6/10Watch-out: Electrum does not create BIP-39 seeds. Its own seed format is published ("Electrum does not generate BIP39 seeds", electrum.readthedocs.io/en/latest/seedphrase.html, read 2026-10-28), but fewer wallets import it than import BIP-39, so check that the wallet you might move to reads Electrum seeds before relying on the phrase alone. Download it only from electrum.org: in December 2018 malicious servers pushed a fake "update" through the client's error popup, the maintainers disclosed it on their own repository (github.com/spesmilo/electrum/issues/4968), and versions from 3.3.3 on no longer render that text. Bitcoin only.
Quick facts
At a glance
3 of 4 rows read the same for both.
FactRainbowElectrum
PricingSnapshotFree to download and use (iTunes lookup for app id 1457119021, fetched 2026-10-28: formattedPrice "Free", version v2.0.46 released 8 October 2026). The only vendor-stated charge on the wallet is on swaps, quoted without a rate, on rainbow.me/support/app/bridge-and-swap-tokens (fetched 28 October 2026): "Rainbow Fee: This is the percentage/amount that Rainbow applies. This fee will always be visible for you to review." No Rainbow page loaded publishes the percentage; the learn.rainbow.me article cited in August now returns HTTP 404. A separate page, rainbow.me/support/app/staking-rnbw (fetched 28 October 2026), prices tiered cashback against that unstated fee: "Silver (5,000) → 25% fee cashback in RNBW. Gold (10,000) → 50% fee cashback in RNBW. Diamond (15,000) → 75% fee cashback in RNBW. Black (20,000) → 100% fee cashback in RNBW." and "When someone unstakes, they pay a 10% exit fee, which is distributed to everyone still staking.""Electrum is distributed under the MIT licence by Electrum Technologies GmbH." (electrum.org, fetched 28 October 2026). The same page is the download page for Linux, Windows, macOS and Android and states no price, subscription or service fee; the only cost of a payment is the network fee the user sets. Electrum has no in-app token swap; its submarine swaps between on-chain bitcoin and Lightning run through swap servers whose fees electrum.org does not state.
Asset coverageEditorial——
Region fitSnapshotglobalglobal
Custody modelEditorialSelf-custody: the vendor cannot move funds without your keySelf-custody: the vendor cannot move funds without your key
From the published criteria
Which should you pick?
Rainbow
67#8 of 11
Leads
Pick it when
Pick Rainbow if key export matters most — it scores 8/10 to Electrum's 6/10 there (weight 28).
Strength
Recovery exit — 9/10
Tradeoff
Read the security surface before you commit, because there isn't one. rainbow.me/security is a 301 to a marketing article whose case for safety is "Rainbow is open source" and a "world class team" — no advisory archive, no linked audit, no bug bounty, and the GitHub Security tab says outright "This project has not set up a SECURITY.md file yet" with zero advisories. Rainbow's own sitemap lists 11 URLs and not one of them is a security page. Everything verifiable about this wallet, you verify yourself from the GPL-3.0 source; nothing is verifiable from the vendor. That matters more in 2026 than it did in 2024, because the app you install today is a leveraged-trading front end — 50x perps via Hyperliquid, prediction markets, $RNBW staking tiers — while the Terms of Use governing it were last updated December 13, 2023, the release-notes feed stops at September 23, 2024, and the App Store listing, refreshed with version 2.0.45 on 2026-09-17, still describes a six-chain Ethereum wallet with no mention of perps. The wallet underneath is genuinely good and genuinely exportable. The company around it stopped publishing.
EL
Electrum
66#9 of 11
Pick it when
Pick Electrum if incident record matters most — it scores 6/10 to Rainbow's 2/10 there (weight 24).
Strength
Key export — 6/10
Tradeoff
Electrum does not create BIP-39 seeds. Its own seed format is published ("Electrum does not generate BIP39 seeds", electrum.readthedocs.io/en/latest/seedphrase.html, read 2026-10-28), but fewer wallets import it than import BIP-39, so check that the wallet you might move to reads Electrum seeds before relying on the phrase alone. Download it only from electrum.org: in December 2018 malicious servers pushed a fake "update" through the client's error popup, the maintainers disclosed it on their own repository (github.com/spesmilo/electrum/issues/4968), and versions from 3.3.3 on no longer render that text. Bitcoin only.
Self-identify in 10 seconds
Which one is actually for you?
RainbowLeads
Choose Rainbow if key export matters most
Key export: 8/10 against 6/10 for Electrum (weight 28)
Account recovery: 9/10 against 6/10 for Electrum (weight 18)
RainbowScore 67GPL-3.0 open-source EVM wallet whose export and exit docs are unusually complete, wrapped in a vendor that publishes no security surface at all and has repositioned itself as a leveraged-trading app.Strength: Recovery exit — 9/10Watch-out: Read the security surface before you commit, because there isn't one. rainbow.me/security is a 301 to a marketing article whose case for safety is "Rainbow is open source" and a "world class team" — no advisory archive, no linked audit, no bug bounty, and the GitHub Security tab says outright "This project has not set up a SECURITY.md file yet" with zero advisories. Rainbow's own sitemap lists 11 URLs and not one of them is a security page. Everything verifiable about this wallet, you verify yourself from the GPL-3.0 source; nothing is verifiable from the vendor. That matters more in 2026 than it did in 2024, because the app you install today is a leveraged-trading front end — 50x perps via Hyperliquid, prediction markets, $RNBW staking tiers — while the Terms of Use governing it were last updated December 13, 2023, the release-notes feed stops at September 23, 2024, and the App Store listing, refreshed with version 2.0.45 on 2026-09-17, still describes a six-chain Ethereum wallet with no mention of perps. The wallet underneath is genuinely good and genuinely exportable. The company around it stopped publishing.
ELElectrum
Choose Electrum if incident record matters most
Incident record: 6/10 against 2/10 for Rainbow (weight 24)
ElectrumScore 66The reference Bitcoin desktop and Android wallet since 2011: open source, its own published seed standard, private-key export and a self-disclosed 2018 phishing incident, with a plain preview rather than a scanner before signing.Strength: Key export — 6/10Watch-out: Electrum does not create BIP-39 seeds. Its own seed format is published ("Electrum does not generate BIP39 seeds", electrum.readthedocs.io/en/latest/seedphrase.html, read 2026-10-28), but fewer wallets import it than import BIP-39, so check that the wallet you might move to reads Electrum seeds before relying on the phrase alone. Download it only from electrum.org: in December 2018 malicious servers pushed a fake "update" through the client's error popup, the maintainers disclosed it on their own repository (github.com/spesmilo/electrum/issues/4968), and versions from 3.3.3 on no longer render that text. Bitcoin only.
Criterion by criterion
Scorecard
Published criteria · weight in points of 868 of 8 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology
Key export
by 2 of 10weight 6.7 of 86Rainbow leads
Rainbow8/10 out of 10
Electrum6/10 out of 10
Clear signing
weight 7.2 of 86Tie
Rainbow5/10 out of 10
Electrum5/10 out of 10
Incident record
by 4 of 10weight 5.8 of 86Electrum leads
Rainbow2/10 out of 10
Electrum6/10 out of 10
Account recovery
by 3 of 10weight 4.3 of 86Rainbow leads
Rainbow9/10 out of 10
Electrum6/10 out of 10
Score dimensions
weights sum to 86
The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.
Availabilityweight 20 of 86 · constant here
Rainbow14/20Electrum14/20
Tie
Published criteriaweight 30 of 86
Rainbow14/30Electrum13.7/30
Rainbow leads
Frictionweight 10 of 86 · constant here
Rainbow2.7/10Electrum2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Rainbow3.2/8Electrum3.2/8
Tie
Measured dataweight 18 of 86 · constant here
Rainbow8.3/18Electrum8.3/18
Tie
Decision rulePublished order
Choose Rainbow unless the term Electrum leads on is the one you are buying.
Pick Electrum if incident record matters most — it scores 6/10 to Rainbow's 2/10 there (weight 24).
The published order weighs every criterion the same way for everyone. To weigh them your way, run .
From the published order
Next best action
If this isn't your case
Other matchups worth comparing
How you can lose money here, and what the ranking scores
Key failure: your own keys are made, shown or recovered unsafely.
Scored by Can I export my own keys and use them elsewhere? · 28% (Rainbow 8/10, Electrum 6/10)
Scored by Can I see exactly what I am signing? · 30% (Rainbow 5/10, Electrum 5/10)
Scored by What has gone wrong, and did they publish it? · 24% (Rainbow 2/10, Electrum 6/10)
Scored by If I lose my device, how do I get back in? · 18% (Rainbow 9/10, Electrum 6/10)
Rainbow scores 1 point above Electrum, led by key export and account recovery. Published scores, out of 100: Rainbow 67 (rank 8 of 11 wallets), Electrum 66 (rank 9 of 11).
ReviewedRe-read in progressOverdue; re-read by 10 November 2026.Methodology v2026.10.18
How this page is reviewed
Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
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