Phantom Wallet Extension | Official Website

Solana, Ethereum, and Polygon are a few popular networks in the cryptocurrency economy. If you want to have access to these networks or work on them, we have one simple solution for you. Yes, it is none other than Phantom Wallet. Though this wallet is primarily meant for storing crypto assets, it comes in handy in many other ways. 

Want to know about the efficiency of this wallet? Well, the details in the section to follow will clarify all your doubts once and for all. 

So, let’s jump right into it. 

Keeping it as short as possible, Phantom wallet is a user-friendly crypto and NFT wallet that works well with crypto built on Solana, Ethereum, and Polygon networks. Not only does it allow you to store crypto assets, but also lets you send, receive, swap, and store crypto assets without following any hard and fast rules. 

Sounds great. Isn’t it??? 

Do you know why this wallet is gaining traction among users are the industry-level security features that it uses to protect users’ funds? Another noteworthy thing about phantom extension is that it lets you work with NFTs, access decentralized apps, and so much more. Moreover, you can also play games available on the Solana blockchain directly from your Phantom wallet. 

Well, there have to be some specific reasons that make this wallet worth your consideration. The reasons why millions of users are using this wallet worldwide are listed below:

• Multi-chain support- Offers multi-chain support from a single platform without having to add different networks manually 

• Security- Phantom believes in providing top-notch security to all its users by incorporating strict encryption features 

• SOL Staking- Staking Solana from within the wallet is one of the most interesting features of this wallet 

• Swapping- There are some additional features that allow you to swap crypto assets on the go 

• Hardware wallet integration- Additionally, you can integrate it with Phantom Wallet for more security 

If you are interested in using the functionality of this wallet, then you can certainly install the phantom wallet extension on one of the said browsers. You can even install the Phantom app on your mobile devices, but first, let's talk about the extension-adding process: 

1. Begin by going to the official website of phantom 

2. Then select the “Download” option on the main page 

3. It will present you with some download options 

4. Select the preferred browser icon (e.g. Chrome)

5. If you choose Chrome or Brave, the Chrome Web Store will show up 

6. In the store, choose “Add to Chrome” > “Add extension” 

7. Open the installed file to initialize the setup

Did you install the Phantom extension successfully??? 

Time to set up a new wallet for you. This is the most crucial step because it requires you to carefully note down your Secret Recovery Phrase in a safe place, but not online. Understood? Now let’s head to the wallet creation steps: 

1. Open the Phantom extension or the app

2. Hit the “Create a new wallet” button on the first screen

3. Time to create a secure password for your wallet

4. Then, you need to confirm the same password and choose “Continue”

5. Now, you will get your seed phrase/ Secret Recovery Phrase

6. Be sure to keep it safe and create its backup for emergency

7. To finalize the wallet setup, please choose the “Continue” button again

After setting up the wallet, you can add some SOL to it and then stake your owned SOL to earn staking rewards. But, prior to telling you the procedure to do so, I would like to guide you on another important topic i.e. logging into your Phantom wallet.

Well, if you are locked out of your Phantom Wallet, the only thing that could give you access to your wallet is your Phantom login password. This is the same password that you created during the wallet setup procedure on the platform.

NOTE: If you cannot recall the password of your wallet or you are seeing an incorrect password error on the login screen, then you must take the necessary steps to reset the password. For password reset, you will eventually need your Secret Recovery Phrase.

1. Open the Phantom Wallet extension on your PC

2. Otherwise, open the Phantom app on your iOS or Android device

3. Provide the wallet login password on the current screen and choose “Unlock”

4. Don’t remember your password? Choose “Forgot password?”

5. Provide your seed phrase details and allocate a new password to your wallet

Don’t haste and carefully take a look at the process to add the supported tokens on the Phantom Wallet. I am sure, the steps listed below will help you in funding your wallet for the very first time:

1. Launch the Phantom Wallet app or the extension

2. Sign into your wallet, if you are locked out

3. From the main screen, pick the “Deposit” option

4. To continue, you must look for the relevant token (SOL, MATIC or ETH) 

5. After that, select your preferred token and view its deposit address/ QR Code

6. You can copy the deposit address or the QR code by choosing the “Copy” option

7. Lastly, use this address on the platform from where you are expecting crypto

Do you know what “staking” is and how it can help you???

If you are completely in delusion and don’t know much about staking, then I am here to help you. By staking, we mean locking or lending our pre-owned crypto assets to enhance the security of a particular network. They in turn reward us for our contribution based on the staked amount. If you also have some SOL lying idle in your wallet, why not stake them? Here’s what the staking process looks like:

1. Add some Solana tokens to your Phantom wallet 

2. Click on the available SOL funds 

3. To continue, choose “Start earning SOL” 

4. Choose one of the validators from the available options 

5. Select the staking amount 

6. Hit the “Staking” option 

Trusted by millions across the globe, Phantom has truly made crypto storage fun with its easy and interactive user interface. Even if you have just entered the crypto marketplace, Phantom welcomes you with open arms. To get started, just follow this read and thank me later. 

1. Is Phantom a good crypto wallet? 

Since its launch, more than 3 million people have installed this fantastic crypto wallet on their devices. The wallet is a popular choice among users due to its multi-chain support, swapping options, security measures, and NFT support. 

2. Can Phantom Wallet hold BTC? 

Phantom believes in the vision of “one wallet for all” and does allow you to store BTC. On Phantom Wallet, you can store Bitcoin, Ordinals, and BRC-20 tokens. 

3. Is Phantom a hot wallet? 

Yes, being a software wallet we can categorize this wallet as a hot crypto wallet. You can install it as a browser extension and a mobile application. 

4. Can you have two Phantom wallets? 

Yes, you can create different Phantom wallets on different devices. Additionally, if you want, you can add up to 100 accounts within a single wallet on Phantom.