Phantom Wallet – A friendly Solana Wallet – Use Phantom Wallet Extension to know benefits & features available on Phantom. Dig out the methods to create a wallet, and send and buy SOL on this wallet.

Phantom Wallet – A friendly Solana Wallet

Phantom Wallet- Interact with DeFi and NFTs

Phantom Wallet is a user-friendly wallet that is accessible on multiple browsers like Edge, Brave, Firefox, and Chrome. It comes up with a simple and easy method to interact with many blockchain networks in the Solar ecosystem. The wallet includes an easily available extension that permits you to send or receive different Cryptocurrencies and tokens, NFTs, and also an option to swap your tokens within the wallet. It is a lightweight non-custodial Solana wallet that works in the browser. It is majorly compatible with Ledger devices for extra security. You need to pay very few fees on the Phantom Wallet compared to other wallets.

Advantages of the Phantom Wallet

It is easily accessible on many browsers with an intuitive and starter-friendly interface.
You also get to enjoy the benefits of Solana’s extraordinarily low fees.
It also supports linking hardware wallets like a ledger for enhanced security.
It is a non-custodial wallet, which indicates that you still clasp your private keys.

Phantom Wallet: A User-Friendly Interface

Phantom Wallet makes the usage of the Solana blockchain so easy and simple. After completing the downloading process of the wallet on your browser, you have to enter your password to get into the wallet. There is no need for punctilious AML or KYC. the homepage of the dashboard characteristics quickly access to receive and sell buttons.
All the transactions are paid by using the SOL token. You can conveniently navigate to your portfolio of tokens or the built-in DeX. When you swap any token, you can see the rate of your slippage and fees. It also puts up an overview of your recent activities in your wallet. And you can also traverse the settings of the wallet with ease.

Top Features of Phantom Wallet

The Phantom Wallet is simple to manage digital assets on the Solana blockchain. The most impressive feature is the built-in charge which allows you to swap tokens on the Solana ecosystem.
It also provides NFTs and collectibles to make it easier for the users to assemble and view their NFTs in the app. It also has web browser features that are compatible with hardware wallets like the Ledger hardware wallet.
You have an option to link your Ledger wallet with Phantom Wallet. By taking Solana’s native token, you can earn rewards.

Cryptocurrencies Supported on Phantom Wallet

Phantom Wallet supports all the various kinds of Cryptocurrencies on the Solana ecosystem.
Some of the most supported Cryptocurrencies on the wallet include Serum, Raydium. USDC, USDT, and Solana.

Steps to Download the Phantom Wallet

To download the Phantom Wallet extension on your PC, you have to walk through the steps highlighted below.

Firstly, you have to move to the Phantom Wallet.
Or else, you can visit the Google Chrome extension store or Firefox extension.
If you are using the Google Chrome extension store, you need to hit the Add to Chrome button.
However, if you choose the Firefox extension store, you must go to the Add to Firefox button.
Doing so will add the Phantom Wallet extension to your browser.

Steps to generate a New Wallet on Phantom Wallet

Start the process by downloading the Phantom Wallet extension on your PC.
After completing the installation process, the Phantom will appear on the new tab.
Once you hit the wallet, two options will appear on your screen.

Create New Wallet
Use Secret Recovery Phrase

Then, you need to go to the Create New Wallet option.
Next, the Secret Recovery Phrase or Mnemonic will be prompted on your screen.
You have to write it down somewhere. Or else, you can copy the code by hitting on the Copy button.
After which, you have to select the OK; I saved it somewhere bar appearing at the bottom of that page.
Now, you must generate a strong password for your wallet.
Enter it twice in the Confirm Password bar.
Further, hit on the Terms of Services box.
Then, tap on the Save option.
The Keyboard Shortcut page will be shown on your screen.
From that page, you have to hit on the Continue bar.
At the end of the procedure, you must select the Finish option.

Steps to Buy Solana Inside Phantom Wallet through MoonPay

To begin the procedure, you have to open the Phantom Wallet extension.
Now, go to the Deposit button attested on your screen.
To proceed, tap on the Buy with MoonPay option.
Then, you need to input the quantity of the Solana that you would like to buy.
And hit on the Continue bar provided at the end of your screen.
Next, you have to submit your registered Email Address and hit the Continue button again.
Now, you will receive a Verification Code in your given email.
You must copy the code and input it in the provided field.
To accept the written Terms and Conditions and Privacy Policy, press the checkbox.
Further, go to the Continue option.
Before you conclude the procedure, you have to enter your card details like card number, security code/CVV number, and expiry date.
After that, tap on the Continue option.
Once you complete all the steps, you must wait for a few minutes to get the Confirmation Mail on your Phantom Wallet.

Steps to Send SOL from Coinbase to Phantom Wallet

Foremost, you have to head to the Phantom Wallet extension.
From that page, you need to click on the Deposit option.
Nextly, you should copy the address of your Phantom Wallet.
Then, you need to open your Coinbase account by logging in.
Lastly, you have to Transfer/Deposit Solana from your Coinbase to Phantom Wallet.
Then hit on the Continue bar.
After which, walk through the details and tap on the Send Now button.
You have to add the Verification Code in the boxes and tap on the Confirm option.

Conclusion

You can use Phantom Wallet on macOS, Windows, and any Linux operating system. It is free to download or get on your desired devices. The decentralized Web 3.0 self-custodial wallet keeps your private keys on your devices. Pay attention to the sections mentioned above to learn about Phantom Wallet.