PHANTOM – A FRIENDLY SOLANA WALLET BUILT FOR DEFI & NFTS

Nowadays, Cryptocurrencies have captured the market up to a great extent and nothing seems to match their worth. It also became important for users to store and protect their crypto funds at a safe location. You can use digital or crypto wallets to store your cryptos. There are tons of crypto wallets available online that guarantee to secure your cryptos from unauthorized access.

One of the common wallets with a great user base for the Solana crypto (or SOL) is the Phantom Wallet. It bridges the gap between the Solana blockchain network and the crypto users. The wallet allows you to store, send, receive, stake, and swap tokens on the Solana blockchain.

You can avail all the wallet functions as a simple web browser extension. But before you use this wallet, it is important to know what exactly the Phantom wallet is, how you can use it, and many such questions. Here, in this article, we have provided you with everything that you must know about the Phantom wallet.

What is a Phantom Wallet?

Phantom Wallet is a non-custodial crypto wallet that allows you to access decentralized apps available on the Solana network. With the advancement in technology, cybercrime and digital threat to cryptocurrencies are increased and thus it became important to secure them. The Phantom wallet of the Solana blockchain allows you to trade cryptocurrency and manage all your digital assets.

Initially, the Phantom wallet was only available as a browser extension. But later on, the company launched an app for iPhone users. You can use the Phantom app to directly access all its services. For this, you just have to download and install the wallet from its website, i.e., https://phantom.app/. After successfully installing the app on your device, you can easily deposit, transfer, stake, and swap assets on Solana using it.

Why You Should Use Phantom Wallet?

As mentioned, there are several digital wallets available online that you can use to manage your cryptos. So, it is important to know why you should opt for the Phantom wallet. Given below are some benefits of the Phantom Wallet extension that make it unique from others:

How to Set Up Phantom Wallet?

Phantom Wallet is available as a simple browser extension or a browser plug-in. Therefore, it is very easy to use the wallet on a computer. Soon the company will release a mobile application for both Android and iOS devices. But for now, you can follow the below-given steps to install the service on your computer:

After successfully completing the installation process, you will notice that a plug-in is added to your browser. You can use these plug-ins to avail the services of Phantom crypto wallet. However, if you are facing a problem while adding the browser plug-in, try to identify the root cause of the issue. Go to the list of all the plugins installed on your desired browser and search for Phantom.

How do I Access Phantom Wallet on iPhone?

After completing the setup process, go through the Phantom wallet login steps to access your account. After successful login to your account, you can send, receive, collect NFTs, and swap tokens.

How to Recover Phantom Wallet Password?

If you forget the password of your Phantom wallet, then it is important to recover your wallet to access its services. Given below are some simple steps that you need to follow in order to recover the Phantom Wallet:

Conclusion:

Hope, the above-mentioned information is enough to explain everything about the Phantom wallet. You can easily use this crypto wallet either as a browser extension or an iOS mobile app. The phantom wallet is somehow best in comparison to other crypto wallets because of its security and other amazing features. If you experience any problem while creating a Phantom wallet account, you can immediately contact the professional experts of Phantom wallet to know more about it.

Frequently Asked Questions (FAQs)

Is Phantom wallet trustworthy?

The phantom wallet provides a secure platform to its customers and this makes it one of the most trusted digital wallets. Many users using the Phantom Wallet recommend that the crypto wallet prevent cryptos from hacking or theft.

Does Phantom have a mobile wallet?

Initially, when Phantom was launched, it only has a browser extension. But later, the company released the beta versions of the Phantom wallet app for both iPhone and/or Android phones. You can download the Phantom wallet app from the Play Store and the App Store.

Can Phantom wallet be traced?

As Phantom wallet maintains your privacy, so it is not possible for anyone to track your personally identifiable information. Only you have the access to check your details, like the account addresses or asset balances.

• This service is known as a Solana wallet and you can access it even on your browser.
• You can link the Phantom wallet Solana and use it with Ledger wallet devices to add additional security layers.
• It is easy to add the lightweight non-custodial Phantom Wallet to any browser as an extension.
• Along with several services that the wallet provides, you can access crypto tokens and other SOL-based NFTs. 
• Open your web browser in your system and go to the official website of Phantom Wallet.
• Locate and click the “Download” button appearing on the site.
• Now, you need to scroll and click the “Add to browser” button.
• At last, go through the on-screen instructions and wrap the set-up process.
• Firstly, visit https://phantom.app/download or open the iOS app store on your iPhone.
• Now, choose the device on which you have to install the app. Then, you will be taken to the web store. 
• If you have to download the Phantom Wallet app on iPhone, tap the “iPhone” button. 
• Next, you need to wait till the app is downloaded on your iPhone. 
• After successfully installing the app on your iPhone, it will auto-open. 
• Now, launch the app by clicking the Phantom wallet icon appearing on the screen.
• Click on the Phantom wallet extension to open it or launch its mobile application.
• Now, locate and tap the ‘Import Wallet’ button.
• Enter the 12-word seed phrase details in the respective place.
• Go through all the details that you have entered and make sure everything is correct.
• Create a new password for your wallet and enter it again in the respective box to confirm.
• Now, press the ‘Recover my wallet’ button to complete the recovery process.