Nobody on this earth wants to lose his hard-earned money and to ensure the same, a lot of individuals keep their money in banks as it minimizes the risk of robbery. However, when it comes to cryptocurrencies, a lot of us fail to provide the security it deserves and this negligence ultimately leads to crypto theft. But do you know, this risk associated with crypto can be sidestepped?
Indeed… There are wallets like Phantom Wallet extension that are standing as frontline warriors to help us keep our crypto safe from any such theft.
Do you wish to know more about this wallet, scroll down to find every detail of this user-friendly software wallet and help yourself use it as a newcomer.
Here we begin!!!
Keeping it extremely simple, I would like you to know that it is a cryptocurrency wallet that surfaced in the marketplace quite a few years ago. The wallet simply allows users to buy, sell, store, and stake crypto assets without much difficulty.
And you know what the best part is? It lets you trade and explore the NFT (Non-Fungible Tokens) as well. That’s not all… Phantom Chrome extension is a self-custodial wallet extension which simply means you will have complete control over your stored assets.
Isn’t that fantastic??? Moreover, you get to stake SOL and other supported tokens which can help you earn rewards.
Though it is popular amongst some users that Phantom Chrome is only a Solana-friendly wallet. But that’s not true… Yes, dear readers. This wallet supports multiple blockchains and now supports Ethereum and Polygon blockchains as well. To know how diverse this wallet is, check out its key traits below:-
Enhanced crypto security with the use of high-tech encryption features
Comes with an intuitive and user-friendly interface
Non-custodial in nature giving you full authority over your assets
In-app token “swap” feature
Allows you to stake SOL tokens and earn rewards
View, manage, and send NFT without leaving the wallet interface
Can be easily synced with hardware wallets such as Ledger and Trezor
Supports multiple dApps and custom tokens
’m sure you are impressed by the exclusive features of this efficient wallet. In that case, you might be interested in learning the way to use it ASAP. Well, in that case, the first step you need to take is, to install the Phantom Chrome extension on a browser. The steps that will help you do that have been explained below:-
Straightaway get to the official website- https://phantom.com/download
When you spot the “Download” button, click it
Quickly navigate to the “Download for Desktop” section
Choose the current browser icon that you are using
It could be Chrome, Brave, Edge, or Firefox
The extension shall be installed by now
One of the most amazing features of this wallet is that you can stake your Solana-based crypto assets without leaving the wallet interface. Yes, that’s true my friends. Let me help you do that:-
Launch the Phantom Chrome extension
Sign into your wallet
Go to the Solana asset tab
Select “Start earning SOL”
Choose a preferred validator
Enter the amount of SOL to be staked
Confirm by choosing the “Stake” option at the end