Earn SOL with a couple clicks
Keeping your crypto on an exchange is similar to keeping all your money in an open area so that anybody can take it without your permission. Hence, as soon as you buy any crypto from a trading exchange, the next step you need to take instantly is to transfer those cryptos to a safe crypto wallet. Especially if you are buying a Solana-based crypto, there couldn’t be a wallet better than Phantom Wallet.
Available as a Phantom Wallet extension, this wallet is a Solana-friendly wallet that also supports some other blockchains as well. Well, there’s so much more that you should know about this efficient crypto wallet and the sections below have been dedicated to help you understand the same. So, check them out right below.
Primary developed for Solana blockchain, this crypto wallet could be a perfect wallet choice for you if you are a crypto trader, beginner, or professional. The wallet now offers support for some additional networks such as Bitcoin, Polygon, and Ethereum. If that sounds like something you’ve been looking forward to, then I am sure you are interested in understanding how to use a Phantom extension.
Don’t worry, the following sections have been dedicated to give you a glimpse into the details of this wallet. But first, taking a look at the key features of the wallet is quite necessary.
Once you download and add the Phantom wallet extension to your browser, you are entitled to the following benefits:
Support for multiple chains- Apart from the Solana blockchain, Phantom has extended its support to multiple other networks such as Polygon, Bitcoin, and Ethereum.
In-wallet swapping options- Want to swap your tokens? Don’t worry because you do not have to move to a third-party exchange to do that because the wallet has built-in features for the same.
NFT management- Besides crypto, this wallet extends support for viewing, sending, and receiving NFTs without having to navigate to any other platform.
Stake your assets- The wallet interface comes with an option to stake your crypto money, especially SOL, and earns you rewards while you sit back relaxing.
Compatible with hardware wallets- You can easily integrate this wallet with a hardware wallet such as Ledger and enjoy an added layer of security to your assets.
If you are using a Google Chrome browser, then there are at least two ways to install and use the Phantom extension. You can straightaway head to the Chrome Web Store and add the extension from there. Else, we have broken down another process for you right below:
Open the website https://phantom.com/ (this is the official website)
Locate the purple-colored “Download” button at the top and click it
Distinguish the Chrome icon from the available options and click it
Within the Chrome Web Store interface, choose “Add to Chrome”
On the pop-up box, choose “Add Extension” and the Phantom icon will be added.
Don’t fret if you do not have a Google Chrome browser on your device. You can still use the wallet by installing the Phantom Wallet extension on Mozilla Firefox. Here’s how:
Get the extension download link from https://phantom.com/download
Or, simply navigate to the “Firefox add-ons” section
Here, you can look for the “Phantom Wallet” entry by using the search bar
Hit the “Add to Firefox” option
Complete the process by choosing the “Install” button
Whether it is getting the Phantom wallet extension on Edge or installing the Phantom extension on a Brave browser, you can follow the steps below to find the complete process-
On Edge, you can navigate to the Edge Add-ons Store
Look for the Phantom Wallet entry and install it
On a Brave browser, you can open the Chrome Web Store
Follow the further on-screen instructions to add it to Brave.
After making sure that you have installed a genuine version of the extension, you can then proceed with the steps to create a new wallet on this extension. The steps for the same are described below:
Click on the ghost-like Phantom wallet icon
On the main interface of the wallet, you can choose the “Create New Wallet” button
Now, the wallet will generate a 12-word Secret Recovery Phrase (keep it somewhere safe)
You also need to create a strong password for authorization
To import an existing wallet, use its Secret Recovery Phrase
Start using your wallet right away
Note: For quick access, we recommend you to pin the extension by clicking on the puzzle icon in the toolbar.
If you are having second thoughts before or after installing the Phantom Wallet extension and you are wondering whether or not this extension is safe, then we recommend you take a look at the security aspects associated with this wallet right here:
Works as a non-custodial wallet where you are the only owner of your private keys as they are locally stored on your device.
AES-GCM encryption is used for encrypting your private keys and other crucial information.
Password protects your wallet for that extra security.
The wallet is also able to detect any potential phishing scams.
Connect it to a hardware wallet to enjoy heightened security.
The open-source code of the wallet makes it open for community audit resulting in transparency.
Remove the extension and then install its fresh version or you can simply update it.
If you're having an issue while connecting it to a dApp, refresh the dApp and the browser.
Try clearing your browser’s cookies or use it in incognito mode.
If you’re having any network-related issues, you should ensure that you’re on the correct network.
If it is not showing in the toolbar, make sure that you pin it to the toolbar manually.
This is the best-in-class crypto wallet that makes sure you get to use all the features and functions of the Solana blockchain and other supported networks. There are some distinctive features of the wallet for which it is known i.e. in-built swaps, high-end security, and NFT support.
Click on the puzzle icon on Chrome > manage extensions > locate Phantom Wallet > and click the blue switch present next to it.
Yes, you can surely access Solana-based decentralized exchanges such as Raydium, Orca, Jupiter Aggregator, etc. through it.
After unlocking your wallet, go to the “Staking” section and click on the “SOL” token. After that, you can choose “Stake SOL”, choose a validator of your choice, and provide the staking amount.
Within your wallet, click on the “Manage Token List” icon and then choose “Add a custom token.” Afterward, you just need to follow a few easy prompts.