Rainbow Wallet Tutorial (2024) | Step-by-Step Guide for Beginners

Rainbow Wallet Tutorial (2024) | Step-by-Step Guide for Beginners

hey everyone and welcome back to my
channel Crypt snake here and today I’ll
walk you through the process of setting
up rainbow wallet and demonstrate its
main features let’s get
started rainbow wallet is a versatile
crypto wallet designed for users who
prefer the ethereum ecosystem it’s
optimized for interacting with ethereum
based assets and seamlessly connects to
popular nft and defi applications s
rainbow wallet is open- Source offering
transparency and Trust to its users its
engaging interface coupled with support
for Hardware wallets has made rainbow a
beloved and highly trusted option in the
crypto World rainbow is available as
both a browser extension and a mobile
application in this tutorial we’ll focus
on the browser extension version to
begin visit rainbow domme website and
select download rainbow extension choose
your preferred browser we’re using
Chrome and install the extension upon
installation you’ll be redirected to the
landing page with two options to create
a new wallet or to import or connect an
existing one since we’re starting fresh
click create new wallet next it’s
crucial to back up your wallet this step
is essential so do not skip it click
reveal your recovery phrase rainbow will
generate a 12-word recovery phrase vital
for wallet recovery in in case you lose
access avoid copying the phrase to the
clipboard for security reasons instead
physically write down the words in the
same order as displayed once done click
confirm I’ve saved these words verify
your secret recovery phrase by selecting
the correct words remember to store your
backup phrase securely as losing it
means losing access to your wallet and
crypto assets permanently never share it
with anyone as doing so could compromise
the security of your wallet next create
and confirm your
password your wallet is now ready to use
one of Rainbow’s special features is its
Rich range of keyboard shortcuts that
enable a smoother user experience click
on Discover shortcuts to explore the
full list now let’s delve into using the
wallet click on the extension or press
and hold shift option and R to open
rainbow before you start using the
wallet it’s a good idea to adjust some
basic preferences click on the three dot
button in the top right corner and
select settings there you can customize
your privacy settings preferred currency
and language theme and enable or disable
sounds now let’s top up the balance you
can deposit from coinbase buy crypto
with a card or receive funds from
another wallet let’s choose the lad
click on copy or use the C shortcut to
copy your wallet address then share it
with the sender you can also display
your QR Code by using the Q keyboard
shortcut once the funds are received
they’ll reflect in your wallet clicking
on the coin allows you to access its
current statistics comprehensive
information and various actions such as
swap bridge and send selecting swap lets
you swap one coin for another without
having to visit an exchange choose the
coin you wish to swap to enter the
desired amount and you’ll see a
calculation of what you would receive
below you’ll find the estimated gas fee
and on the right you can adjust it to
your preference Additionally you can
Bridge your assets by clicking on bridge
and following the same
steps now let’s send some crypto click
Send enter the recipient’s address if
you wish to send all of your funds click
maximum otherwise enter the amount you
wish to send either in crypto or your
local currency adjust the gas fee
according to your preference then click
review review the details and hit send
you’ll be redirected to the history tab
with your transaction history as you can
see your funds are now on their way
click on the transaction to view the
details you can copy the TX hash and
send it to the recipient for reference
and tracking also you can click speed up
to expedite the transaction for a
fee you also have the Buy function click
on it or use the B keyboard shortcut to
purchase crypto with your card you can
purchase crypto via moonay ramp and
coinbase select your provider and follow
their instructions back in the wallet in
the third tab you can view your nfts in
the fourth tab you can claim rewards if
you have a referral code if you press
the K shortcut you can quickly access
the most used wallet functions
alternatively you can search for the
function you need in the search bar
lastly under the three dot button apart
from adjusting your preferences you can
also view your Rainbow profile access
guides and support share feedback and
lock rainbow to sign out that covers the
basic functions of rainbow wallet we
hope you found this tutorial helpful if
you have any questions drop them in the
comments below don’t forget to subscribe
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latest discounts and promo codes thanks
for watching and see you next
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Rainbow Wallet Tutorial (2024) | Step-by-Step Guide for Beginners | How to Set Up Rainbow Bitcoin Wallet | Rainbow Wallet Account Create – Ethereum, ERC 20 Wallet | Rainbow Wallet Review

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