Phantom Wallet Extension | Official Website
Have you heard about the Phantom wallet from every other crypto trader you meet and now you are eager to know more about this wallet? Welcome to this read where I will uncover all the aspects of this wallet from scratch. And I am sure, after learning about the exclusive and useful features of this wallet, you will end up downloading the Phantom wallet extension on your browser.
Wondering what is so special about this wallet? Don't hold your excitement and come along with me to take a closer look at this highly popular wallet choice among users.
About Phantom Wallet at a glance
In this segment, we have given brief information about the Phantom wallet that will help you have a quick introduction to this wallet before going into its depths-
Release date: January 2021
Wallet type: Software/hot wallet
Compatibility: Available as Phantom wallet extension and mobile app
Supported Networks: Solana, Ethereum, Polygon as well as Bitcoin
NFT Support: Yes
What is Phantom Wallet?
If you have been in the cryptocurrency industry for a long time now, you must have heard the name of this wallet from your fellow investors. If not, then let me help you decode the story behind this wallet. This is a software crypto wallet that majorly works for Solana blockchain. However, this does not mean that you won't be able to store crypto assets other than SOL on this. This software wallet definitely works for other networks as well.
And guess what, it supports the storage of Bitcoin as well, unlike its contemporary wallet MetaMask. Moreover, the best part about this wallet is that it also lets you deal with NFTs without any restrictions.
Exclusive traits of the Phantom Wallet extension
The following set of features makes this wallet one of the most-wanted and used crypto wallets across the globe. If you are also interested in knowing more about the reasons behind its extensive user base, take a look at these features-
Multi-chain support: You don't require to switch to different wallets
Access NFT marketplace: Gives you opportunity to access the extensive marketplace of NFTs and sell NFTs in just 2 clicks
Notification Center: Keep an eye on your transactions and history under one tab
Unlimited storage: The wallet can be used for storing and managing crypto without any limits
A hub of powerful Web3 tools: After installing the Phantom Wallet extension, use Swap, Store, Stake, and Earn features
Browsers are supported by the Phantom Wallet extension
If the features explained above have made you fall in love with this wallet even more, you might be interested in knowing the way to install it on your device. Don't worry, we'll talk about that in the next segment. But first, let us discuss the crypto wallets that are supported by this wallet. Here they are-
Chrome
Brave
Firefox
And Edge
Wait!!! Are you planning to install it on your Safari browser??? Well, that's unfortunately not possible. Phantom wallet extension can only be installed on the said browsers.
The hassle-free way to install Phantom Wallet Extension
Let me spill the beans on the most anticipated topic now i.e. adding the wallet extension to your browser so that you can quickly get started with using this wallet. The steps to get the extension are written right below-
Open a supported browser and go to https://phantom.app/
Do you see the "Download" button, click it when you do
Under the "Download for Desktop" section, choose your browser icon
Click on the option to add the extension to your wallet
Wait for it to launch automatically after installation
Get the Phantom Wallet Chrome extension
Since most of us have Chrome web browsers on our devices, I thought of explaining the process to get a Phantom Wallet extension on this browser. Though the process of adding the Phantom Wallet extension Firefox is also pretty similar, this section focuses on adding the Phantom extension on Chrome. Here we go-
Open Chrome and go to https://phantom.app/download
Click on the Chrome browser icon as you proceed
Within the Chrome Web Store interface, select "Add to Chrome"
When asked for confirmation, select "Yes" or "Add extension"
Hurrah!!! The extension has been added successfully
ATTENTION: Only use the official website to install the Phantom Wallet extension or mobile app. Downloading the wallet files from any other sources is not recommended at all. This could be a scam. So, stay alert.
Security Measures taken up by Phantom Wallet
The Security features explained below will help you rely on this wallet for the rest of your life. If you were juggling through other wallets and were concerned about your crypto security, Phantom Wallet has got you covered-
Non-custodial: This is a non-custodial wallet, even the wallet developers have no control over your wallet meaning that only you have access to your assets.
Completely private: While setting up the Phantom Wallet extension, you do not need to share your name, or email address, or upload any identity proof.
Scam alerts: The Scam detection technology in the wallet tells you of malicious transactions within fractions of a second.
Hardware wallet support: To improve its efficiency, you can connect this wallet to a hardware wallet such as Ledger Wallet. This makes the wallet even more secure.
24/7 customer service: If you are stuck with your wallet in an annoying situation that needs urgent assistance, the customer support team has your back.
Troubleshoot errors and issues with Phantom Wallet extension
Nothing is perfect in this world and so is the Phantom Wallet. You might come across such a situation when you end up facing the same problem with its wallet extension. I know this could be an annoying situation, but believe me, these problems can be resolved by applying some easy tips-
Update everything, the Phantom wallet extension, the browser, the PC, etc.
Nothing worked? Switch to another available internet connection
Use the wallet on another device
Completely remove the current version of the wallet extension and re-add it
Quickly go to the browser settings and remove its cookies, cache, and browsing history
Closing Discussion:
The read covers all the essential data on using Phantom Wallet as a first-time user. If you want to know how to set up your wallet after installing the extension, check out the FAQs sections where we have covered some common concerns raised by the users.
That's all for now!!! Happy trading, Happy Staking...
FAQs
Can I add the Phantom Wallet extension on Safari?
Unfortunately, there is no possible way to install and add the Phantom Wallet extension to your Safari browser. But this doesn't mean you cannot use this wallet on your Mac device. Just install the Chrome browser on your device and then add the wallet extension.
How to stake SOL on Phantom Wallet?
Complete the Phantom Wallet login process and then go to the Solana Asset tab where you need to click on the "Start Earning SOL" option. Then, you need to select a provider you wish to stake with such as Stakefish, Cogent Crypto, etc., and then choose the number of SOL for staking. Complete the given form, review it carefully, and then select "Stake."
Is there a Phantom Wallet app?
Yes, Phantom Wallet can be used on a mobile device as well. You can install the Phantom Wallet app on your Android and iOS devices. The app is available for download via the official website and via the App Store/ Google Play Store.
How to set up the Phantom Wallet extension?
Access the Phantom extension by clicking on the puzzle icon on your Chrome browser. After the extension opens, select "Create a new wallet" and then enter a resilient Phantom Wallet login password. When you are presented with the Secret Recovery Phrase, note it down and create its backup. Confirm the seed phrase and click "Continue" to end the wallet setup process.