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 âsub accountsâ or âsub walletsâ
Instructions:
To generate additional wallets under the same secret phrase, follow these steps which are both applicable on Android and iOS:
Step 1: Tap on the arrow next to your active walletâs name to open the Wallet Switcher menu
Step 2: Tap on Add another wallet
Step 3: Next youâll tap Create a new wallet. From here, you can name the wallet anything youâd like or just tap the âCreate Walletâ button. Your deviceâs biometric or passcode will then be used to authenticate it