Looking for a compatible wallet that could let you store a wide range of crypto assets without having to wander here and there? You can put a full stop to your search right here because I am going to introduce you to one of the most trusted as well as commonly used crypto wallets i.e. Phantom wallet. Yes, that’s true. This wallet works in a similar manner as your favorite MetaMask wallet does. Yes, that’s true. Just like MetaMask shares a high level of support for the Ethereum blockchain, in a similar manner, Phantom wallet offers support for the Solana blockchain.
In order to use this wallet properly, you need to eventually download and install its wallet extension or the mobile app, set up your wallet, and then back up your secret recovery phrase to get started. To learn how to do all of that, follow the guidelines I am going to present below.
On the other hand, if you are still in a dilemma and do not know whether using a Phantom wallet would be fruitful or not, then you need to understand that using a Phantom wallet is extremely easy as well as secure. Those who are concerned about their security can go to https://Phantom.app/security to know more about the security practices used by Phantom.
As I said, the first step towards using this wallet is to get the extension or the app installed, here I am with instructions on the same:
For installing the Phantom wallet extension on your Chrome web browser, you need to navigate to https://chrome.google.com/webstore/detail/Phantom/bfnaelmomeimhlpmgjnjophhpkkoljpa?hl=en site. Here, you need to select the “Add to Chrome” option and then hit the “Add extension” option.
On the other hand, if you are running Firefox as your web browser, then you need to install and add the wallet extension to this web browser. For this purpose, you can go to the official website of Phantom wallet i.e. Download Phantom for mobile or desktop, hit the “Download” button, or select the “firefox” icon present in the “Desktop” section. Follow the easy prompts to get the web extension added.
To get the Phantom app downloaded on your Android device, you need to open the application store of your device: App Store on iOS or Google Play Store on your Android device. Once the app is downloaded, you need to select the option to set up a new wallet. If you are not sure how to do that, follow the steps discussed in the next section.
Since it is advised to enable the wallet lock timer to ensure that nobody can gain unauthorized access to your wallet, hence, you need to log into your wallet as soon as it gets locked. Here is what you need to do for the same:
That’s all. On other hand, if you could not recall your password due to some reason or the password that you are entering is not letting you access your wallet, then you need to restore the wallet to regain its access. For this, you will eventually need the seed phrase that you need to enter in the wallet recovery window.
When you enter the crypto world, you see that there are a lot of wallet and exchange entrants. However, you should only go with that wallet or that exchange which is highly popular, safe, and trustworthy. When it comes to safety, the Phatom wallet tops the ranking chart and is extremely easy to use.
Meanwhile, if you are facing any trouble during the usage of this wallet, I would suggest you go to https://help.Phantom.app/hc/en-us. This web link opens up the Help Center service offered by Phantom to its customers so that they can enjoy the wallet services seamlessly.
Does Phantom have a mobile wallet?
Yes, the Phatom wallet is easily available for usage on a desktop as well as a mobile device. To use it on your mobile device, you just need to get its mobile application installed. In case you are not sure where to get the app installed, go to https://Phantom.app/ from your Android or iOS device and install the app.
How do I withdraw money from Phantom wallet?
To withdraw the staking amount that has gone “Inactive” you just need to select the available Solana balance in your Phantom wallet account. Followed by this, navigate to the “Your Stake” row. From here, you can choose the validator for which you wish to withdraw the assets. Next up, select the option referred to as “Withdraw Stake.”
How do I add Solana to my Phantom wallet?
After signing into your Phantom wallet, select the “Buy” option that is present in the “Assets” tab. From the given list, simply choose the “Solana” currency and then add the number of SOL you wish to purchase. Lastly, choose how you would like to pay and complete the payment.
Does Phantom wallet have fees?
In case you wish to use the swap feature of Phantom wallet, you will be charged a 0.85% fee for exploring the pricing available for most of the “Swaps.” In addition to that, the platform also charges some network fees that you need to pay for carrying out the transactions.