Phantom Wallet: Setup Your Solana Wallet
Whenever we think about starting to trade on the Solana blockchain platform, choosing a safe and secure wallet is always a difficult task for us. You must choose a wallet to trade on the Solana blockchain that can let you utilize decentralized applications. Today we are going to talk about such a crypto wallet that would be the right Solana Wallet for you and that is Phantom Wallet. Yes, you heard it right, Phantom Wallet has almost the feature that you need to organize digital assets on the Solana blockchain. This wallet creates private keys to let you access the wallet most securely. You do not need to provide any of your personal information to create your wallet and you can easily use the wallet using a browser of your computer/laptop.
Getting, creating, accessing, and recovering processes for the Phantom Wallet is not so difficult and you can also complete these procedures without any mistake or delay. All you need to do is, keep reading this document and implementing the instructions that we have concluded on this page. So, with no more delay, let’s move on to the setup process of the Phantom Wallet.
Main features of Phantom Wallet
A few important features of the Phantom Wallet are as follows:
Phantom Wallet is a lightweight non-custodial Solana wallet that can be used in a browser
You can use it with Ledger devices as well for extra security
Users can easily stake Solana for passive income generation with this wallet
Gives you access to tokens and SOL-based NFTs
How to get a Phantom Wallet on the computer?
Phantom Wallet can be used using a browser on your computer. This wallet is not available for Android or iOS devices. To get the Phantom browser extension, you need to install it by visiting the Phantom official webpage. However, you can also get the Phantom Wallet on your device by following the steps that are given below:
Open a browser and visit the Phantom.com webpage
Here you need to look for the ‘Download’ button and click on it
On this page, scroll down and click the ‘Add to browser’ option
Wait for a while, the Phantom Wallet extension will be added to your computer
The procedure to set up Phantom Wallet
You can easily set up your Phantom Wallet with the help of these steps. Make sure to note the private keys correctly to avoid issues. Now, by keeping your device connected with the interment connection, the approach to the process mentioned below:
Open the Phantom browser extension on your computer/laptop
Now, get to the ‘Create New Wallet’ button and click on it
Choose a new password for your Phantom Wallet
You will need to verify the same password in the next field
Now, click the ‘Continue’ button to visit the next page
Here find the seed phrase for your wallet
Note the code on a paper and click on the ‘OK, I saved it somewhere’ option
When asked, enter the seed phrase details on the next page to confirm it
Now, you need to click on the ‘Finish Wallet Setup’ button
Finally, your Phantom Wallet has been created successfully
The process to unlock the Phantom Wallet
If you have locked out from the Phantom Wallet then you need to follow the steps that are given below. Make sure to provide the Phantom password details correctly.
Open the Phantom browser extension
Now, you need to enter the password in the required field
Then, get to the ‘Unlock’ button and click on it
Now, you will be logged in to your wallet account
How to recover the Phantom Wallet?
The way to recover the Phantom Wallet on your computer is given below. When asked, you need to provide the seed phrase details correctly to import your Phantom Wallet without any trouble.
Open the Phantom Wallet extension on your computer
Now, you need to click the ‘Use seed phrase’ option
Enter the seed phrase details in the correct sequence
Check the seed phrase once and then choose a new password
You may need to confirm the same password in the next field
Now, reach to the ‘Import’ button and click on it
Finally, you have recovered the Phantom Wallet using the seed phrase details
In short, if you are looking to trade on the Solana blockchain then you must need to set up a wallet first. You can use Phantom as your Solana blockchain wallet. Above this page, we have discussed complete information about the Phantom Wallet setup process. You can also create a new wallet by getting the Phantom browser extension. To avoid issues while accessing or using the Phantom Wallet, you need to stay connected to the internet. Do not forget to keep your Phantom Wallet seed phrase details safely. Once you finish the setup process, you will be ready to manage the digital assets on the Solana blockchain using the Phantom Wallet. We are sure that you have learned about the procedure to set up a new Phantom Wallet with the help of this post.