Phantom - A friendly Solana wallet built for DeFi & NFTs

Phantom makes it safe & easy for you to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain.

What is Phantom App

Phantom makes it safe & easy for you to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain.

hile the Phantom wallet is primed to help users on the Solana ecosystem find easier and better ways of storing and managing their digital assets, the platform is still in its beta development stage.

It is still too early to determine the viability of the platform however, its current level of functionality is promising.

Phantom Wallet

Phantom User Interface

As they say, a wallet can make or break a chain. Thanks to an intuitive user interface, Phantom wallet makes it easy to use the Solana blockchain. Once you have it downloaded on your browser, all you have to do is insert your password to access the wallet. There are no rigorous KYC or AML requirements. The home page of the dashboard features easy access to your send and receive buttons.

Transactions

Transactions are paid using the SOL token and you can easily navigate to your portfolio of tokens or the built-in DeX. With every token swap, you can easily see your slippage rate and fees displayed below. The Phantom interface also gives you an overview of your latest activities in your wallet and you can also navigate to the settings of the wallet with ease.

Phantom’s Top Features

Phantom is built for simplicity when it comes to managing digital assets on the Solana blockchain. Its most outstanding feature is the built-in exchange that lets you swap tokens on the Solana ecosystem. Phantom also supports NFTs and collectibles thus making it easy for users to not only collect but also view their NFTs in the app. For additional security, the Phantom web browser features compatibility with hardware wallets such as the Ledger hardware wallet.

Cryptocurrencies supported

Some of the most prominent supported cryptocurrencies on the wallet include USDT, USDC, Serum, Raydium, and Solana. Phantom’s development team also plans to soon introduce support for Ethereum.

Is Phantom Safe?

Phantom is a safe browser wallet whose code is independently audited by Kudelski Security (a top software auditing firm). Furthermore, as a self-custodial wallet, Phantom offers encrypted private keys that are stored on your device thus giving you full control. Also, the wallet is designed to prevent users from making unintentional actions that may lead to the loss of funds.

Supported Operating Systems

As a browser wallet, Phantom is compatible with any operating system that supports a browser. This means you can use Phantom on Windows, MacOS, and any Linux operating system. However, while MetaMask recently released a mobile app supported on both Android and Apple devices, Phantom does not come with a mobile app.

Potential Dealbreakers of Phantom

While the Phantom wallet is primed to help users on the Solana ecosystem find easier and better ways of storing and managing their digital assets, the platform is still in its beta development stage. It is still too early to determine the viability of the platform however, its current level of functionality is promising.