A Complete Beginner’s Guide to Rabby Wallet

Why Use Rabby Wallet?

Rabby Wallet offers users a smooth multi-chain experience for DeFi that automatically selects the chain for a dApp, saving users from the hassle of manually switching between chains. Rabby Wallet also prioritizes security, with security features such as transaction previews, risk scanning, and security alerts. 

Key Takeaways

  • Rabby Wallet is a multi-chain web3 wallet developed by DeBank that focuses on accessibility and security.
  • Rabby Wallet supports over 10,000 cryptocurrencies and NFTs on Ethereum and over 141 EVM chains and testnets.
  • This article guides readers through some of the basic features of Rabby Wallet and how to use them.
how to use Rabby Wallet

Cryptocurrency wallets are focused on improving the way people interact with blockchains and cryptocurrencies. Rabby Wallet is gaining popularity among cryptocurrency investors with its focus on security and user-friendliness, as it offers users a smooth multi-chain experience along with pre-transaction risk scanning and transaction previews. To date, it has over 400K users on the Chrome web store and over 10K downloads on Android. 

Note that at the time of writing, the iOS app is still under review and users should only download Rabby Wallet from the official website: https://rabby.io/

Rabby Wallet

Rabby Wallet is a multi-chain web3 wallet created by DeBank, a DeFi portfolio tracker. It supports Ethereum and Ethereum Virtual Machine (EVM) chains including Polygon, Arbitrum, and Optimism. To date, Rabby has integrated 141 chains and testnets, and over 10,000 cryptocurrencies.

Rabby Wallet offers users a smooth multi-chain experience, where it automatically chooses the corresponding chain for a DeFi dApp based on their database, saving users the trouble of switching between chains when accessing multiple dApps at the same time. 

Rabby also prioritizes user security, and the wallet features transaction previews that show the user’s estimated balance change before signing a transaction, along with pre-transaction risk scanning that alerts users if it finds potential vulnerabilities. 

Rabby Wallet Points

Rabby Wallet distributes points to users when they perform certain activities on the wallet. The Rabby Wallet point system was introduced in January 2024 and is meant to promote the wallet’s usage. 

Users can earn points when they refer new users or use some of the wallet features like Gas Top Up and Swap (more on these later). Despite rumors that the wallet points could translate to qualification in future token airdrop(s), the Rabby team is yet to announce the complete plan for the Rabby Wallet Points program. 

https://youtube.com/watch?v=tsP70m6_m9E%3Ffeature%3Doembed

Now, let’s get started on installing and setting up your Rabby Wallet.

Installing and Setting up the Rabby Wallet

Rabby Wallet is available on desktop for Windows and Mac, along with Android devices, although the iOS version is still under review at the time of writing. It is also available as a Chrome extension, which we will be using for this tutorial.

To install the Rabby Wallet;

  1. Visit the Rabby Wallet site.
Download Rabby Wallet
  1. Select Extension and click Download for Chrome.

Always verify the authenticity of your source when downloading any applications.

  1. When the download and installation process is complete, you can select the application from your list of extensions.
  2. Click Next to begin the wallet setup process.
Proceed with Rabby Wallet setup

Setting up a New Rabby Wallet

To set up a new wallet for your Rabby wallet;

  1. Click Create a New Seed Phrase.
Create new seed phrase Rabby wallet
  1. Enter a password for your wallet.
  2. Click Next to continue.
Set up Rabby Wallet password
  1. Click Show Seed Phrase to proceed.
Show Rabby Wallet seed phrase
  1. Your wallet seed phrase is displayed on the next page. Carefully copy and save the phrase (ideally offline and on crypto steel) and click I’ve Saved the Phrase to continue.
Copy and save Rabby Seed Phrase

The provided seed phrase is multi-wallet. On the next page, a list of wallets addressed under your seed phrase is presented. 

  1. To add any of the addresses to your wallet, toggle the switch icon at the left corner of each wallet address.
Add addresses to Rabby Wallet
  1. Click Done to proceed after selecting the addresses you wish to add to your wallet.

Your Rabby Wallet is now set up and ready to use.

You can also import your existing wallet address to Rabby or connect to your old wallet provider using Rabby. 

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