Wallets created in Rainbow are generated using a secret phrase that was created (or imported) when you first setup Rainbow.
A secret phrase is like a cryptographic key and whoever knows it can control everything inside of a wallet. The phrase can even be used to create multiple wallets that can all be restored using the same phrase.
These additional wallets created under the same secret phrase are often called “sub accounts” or “sub wallets”
Create Multiple Wallets under the Wallet Switcher:
To generate additional wallets under the same secret phrase, follow these steps which are both applicable on Android and iOS:
Tap on the arrow next to your active wallet’s name to open the Wallet Switcher menu.
Tap on Add another wallet.
Next you’ll tap Create a new wallet. From here, you can name the wallet anything you’d like or just tap the “Create Wallet” button. Your device’s biometric or passcode will then be used to authenticate it.
Create Multiple Wallets under the Wallets & Backup menu:
To generate additional wallets under different phrases, follow these steps which are both applicable on Android and iOS:
Tap the 3 dots in the upper right hand corner.
You’ll tap Settings → Wallets & Backup
You’ll then select the wallet group with its associated secret phrase, and which group you’re looking to create a new wallet under.
Then, you’ll tap Create a New Wallet
📌 If you are trying to create a new wallet for security purposes such as a compromised secret phrase, you’ll need to create a new wallet that has a new secret phrase. You can follow our guide here for creating a new phrase within Rainbow.
Reach out to support at [email protected] if you have any questions!