It’s a platform that marries traditional financial principles with cutting-edge technology, offering an array of financial services, from token swaps to yield farming.
Cheking if the site connection is secure
It’s a platform that marries traditional financial principles with cutting-edge technology, offering an array of financial services, from token swaps to yield farming.
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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 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
I’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
The moment you’re done installing the Phantom Chrome extension to your browser, you can open the installed file and start the process of creating a wallet. Don’t know how to do that? Take a look at the steps given right here:-
Open the wallet extension and click “Create a new wallet”
Go ahead by creating a strong password and confirm it
Select “Continue” and then you’ll receive the Seed Phrase
Be sure to back up the Secret Recovery Phrase
When done with that, click “Continue”
Restoring an existing wallet is not a hassle on the Phantom extension. If you have your wallet’s Secret Recovery Phrase aka Seed Phrase, you can have access to your wallet within seconds. Explained below is the method to restore it:-
Open the Phantom Chrome extension or mobile app
On the first screen, select “I already have a wallet”
Enter the Secret Recovery Phrase very cautiously
Set up a new password as a security measure
Select “Continue” and your wallet will be restored
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 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
Don’t get sad in case you are not getting the expected outcome from your Phantom wallet. There could be various underlying factors leading to this issue. Stay patient and follow the tips below to get going with the wallet extension again:-
Update the Phantom Wallet
Update your PC or browser
Reinstall the extension
Install and use the wallet on another device
Switch to a stronger internet connection
Try accessing the wallet after some time
Clear browser cookies and cache
As you must have realized, Phantom is a diverse and efficient crypto wallet. Apart from letting you store and trade cryptocurrencies, it also lets you manage and view NFTs, access dApps, connect to hardware wallet, and more.
So, what are you waiting for? Install the Phantom Chrome extension right now and enjoy all the perks it brings along.
Phantom offers the same functionality as all the browser extensions. You can install it on browsers such as Chrome, Brave, Edge, and Firefox.
As long as you have access to the Secret Recovery Phrase of your wallet, you can use your Phantom wallet on multiple devices that are supported by it.
For using Phantom Chrome on an Android or iOS device, you can install the wallet mobile app. This app can be extracted from the official website https://phantom.com/download or from your device’s application store.
Unfortunately, there’s no Phantom Chrome extension for the Safari browser. Currently, the extension is only available for Chrome, Brave, Edge, and Firefox browsers.