Phantom Wallet: Best Crypto Wallet To Trade DeFi & NFTs
The phantom wallet is one of the popular cryptocurrency wallets available on the internet. Just like other digital wallets, the Phantom crypto wallet is known for its amazing features and services. Being one of the most widely used crypto wallets, you can store, send, receive, stake, and swap tokens using Phantom wallet Solana.
There are several amazing features, like cost-effectiveness, security, etc. that make Phantom the best among its competitors. Phantom Wallet allows its users to transact and interact with NFT platforms, Defi apps, and games available on the Solana blockchain. Here, in this article, we have mentioned everything that you must know about the Phantom wallet.
What is Phantom Wallet?
Being a non-custodial crypto wallet, Phantom Wallet allows you to access decentralized apps available on the Solana network. In the era of cybercrime, the chances of digital threat to cryptocurrencies are increased and thus it is important to have a secure wallet to secure them. This digital crypto wallet of the Solana blockchain helps you to trade cryptocurrency and manage your digital assets.
Many features make Phantom a great choice for storing your crypto tokens (Solana and SOL-based). Some benefits of Phantom Wallet Extension and its app include:
- You can link the Phantom wallet Solana and use it with Ledger wallet devices to add layers of security.
- Solana can be staked with the Phantom wallet for generating some passive income.
- It is easy for you to directly access the services of Solana wallet on your browser.
- Being a part of the wallet service, you can access crypto tokens and other SOL-based NFTs.
How to Use Phantom Wallet Services?
You can download and install Phantom wallet as a plug-in extension on popular browsers like Chrome, Edge, Firefox, etc. In this section, we have mentioned how you can use the services of the Phantom wallet. Firstly, download the wallet in your system or visit its official site to use its services.
You then have to select whether you want to create a new wallet address or like to import the old one. If you select to create a new one, you need a 12-word seed phrase. This recovery phrase helps you to successfully create and confirming your Phantom Wallet password. After setting up the Phantom wallet, you can use it to store your crypto, review the balance on your portfolio, trade and exchange crypto, and many more.
How to Set Up Phantom Wallet on a Computer?
As mentioned, you can use Phantom Wallet
as a simple browser extension or a browser plug-in, and therefore, it can be used only on a computer. Soon It is also available as a mobile application for both Android and iOS devices. But for now, let us discuss the steps to install the service on your computer:
- Open your default web browser and go to the official website of Phantom Wallet.
- Locate and click the “Download” link appearing on the site.
- Now, scroll down the window and click the “Add to browser” button.
- At last, go to the onscreen instructions and wrap it up.
Once the installation process is successfully completed, a plug-in will be added to your browser. You can use these plug-ins to use all the services of Phantom crypto wallet. However, if you are unable to see the browser plug-in, try to identify the root cause of the issue. We’d suggest you go to the list of all the plugins installed on your desired browser and search for Phantom.
How do I Use Phantom Wallet Address to Install Extension?
Follow the below-mentioned steps to launch the extension of Phantom wallet on your device:
- Open any compatible browser and visit https://phantom.app/.
- Locate the Phantom Extension icon and click on it.
- If you are unable to find the icon, get into the “puzzle-piece” icon.
- Scroll down or search for the “Phantom Wallet” extension.
- When you got it, go on to place a click on it.
Want Phantom Wallet on iPhone? Let’s Check What Can be Done.
If you want to know how to access Phantom wallet on iPhone, follow the below-given steps:
- Firstly, go to https://phantom.app/download or open the iOS app store on your device.
- Now, select the device on which you want to install the app. After that, you will be taken to the web store.
- If you are using iPhone, click on the “iPhone” button to install the Phantom app.
- After clicking the “Install” button, the app will be downloaded on your iPhone.
- Once it is successfully installed on your iPhone, it will auto-open.
- Now, tap the Phantom wallet icon to launch it.
After completing the setup process, apply the Phantom wallet login steps to get access to your account. After logging in to your account, you can send, receive, collect NFTs, and swap tokens.
Quick Steps to Recover Phantom Wallet Password
If you are locked out of your Phantom wallet
or forget its password details, then immediately recover your wallet to access its services. Follow the below-mentioned to recover the Phantom Wallet:
- Open the Phantom wallet extension in your browser or its mobile application.
- Now, find the ‘Import Wallet’ button and click on it.
- Type in the 12-words seed phrase details in the place, where asked.
- Check all the details that you have entered.
- Create a new password for your wallet and enter it again to confirm.
- Now, you need to press the ‘Recover my wallet’ button.
This long and descriptive read is enough to provide you with all information about the Phantom wallet. After successfully creating your wallet, you can send, stake, swap Solana to your Phantom wallet, and even buy NFT using it. It is very easy to use this crypto wallet as a browser extension/plug-in or an app. But if you experience any problem while using it, try to find the root cause of the issue. You can even contact the professional experts of Phantom wallet to know more about the wallet services.
Frequently Asked Questions (FAQs)
Is Phantom wallet trustworthy?
When it comes to the trust that Phantom wallet provides to its customers, the answer is it is one of the trusted digital wallets. As per the users using the Phantom Wallet, the crypto wallet app prevent your cryptos from hacking or theft.
Does Phantom have a mobile wallet?
There are beta versions of the Phantom wallet app available for your iPhone and/or Android phones. You can download them from the Play Store and the App Store. But before you download the app, make sure you are not downloading the fake versions. You can also access the service of Phantom wallet on your browsers- Brave, Chrome, Edge, and Firefox.
Can the Phantom wallet be traced?
Phantom maintains your privacy and does not allow anyone to track your personally identifiable information, like your account addresses or asset balances.
Phantom wallet allows you to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain as Android/iPhone app or browser extension.