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Key Takeaways

Phantom Wallet is a non-custodial Web3 crypto wallet that supports multiple blockchains, including Solana, Ethereum, Bitcoin, Base, Polygon, and Sui, with more networks in development.

Phantom is non-custodial, meaning you control your own private keys and seed phrase. The wallet software does not store or have access to them.

Phantom serves as a gateway for managing cryptocurrencies and NFTs, interacting with DeFi applications, and connecting to DApps across supported networks.

Keep your wallet secure by storing your seed phrase offline, enabling biometric authentication on mobile, and connecting only to trusted DApps. Never share your seed phrase with anyone.

What Is Phantom Wallet?

Phantom Wallet is a non-custodial cryptocurrency wallet. Although it was initially designed for the Solana blockchain, Phantom now supports multiple chains, including Solana, Ethereum, Base, Polygon, Bitcoin (including Ordinals), and Sui. Being non-custodial means that Phantom Wallet does not store or have access to your private keys and seed phrase, so users retain full control over their keys and digital assets. As of 2025, Phantom reports over 20 million downloads and more than 15 million active users.

Phantom Wallet serves as a gateway for users to manage their cryptocurrencies and NFTs. Similar to other Web3 wallets, Phantom also allows you to interact with DeFi platforms and DApps.

How to Set Up a Phantom Wallet

Getting started with Phantom Wallet only takes a few steps. In this example, we will use the Phantom Wallet browser extension, but the process is similar on mobile. The main difference is that on mobile, you can use biometric security such as fingerprint or facial recognition.

1. First, go to the official Phantom website and download the version you need. Phantom is currently available as a mobile app (iOS and Android) and browser extension (Chrome, Firefox, Brave, and Edge).

2. Next, you can create a new wallet or import an existing one.

3. You can choose to create a wallet using an email address or a seed phrase. Using a seed phrase gives you full self-custody.

4. Create a strong password for your wallet. Note that this password will only be used locally (based on your current browser profile and device). On mobile, you will also have the option to use biometric security such as fingerprint or facial recognition.

5. Save your seed phrase in a safe and private place. This phrase acts as your master key and is the only way to recover your wallet. Do not share it with anyone.

6. Your Phantom Wallet is now ready to use.

How to Use Your Phantom Wallet

If you are using the Phantom Wallet browser extension, you can pin it to your extension bar for easy access.

Phantom Wallet key features

When you open your wallet, you will see four main buttons: Receive, Send, Swap, and Buy.

Receive: Copy your wallet address or display the corresponding QR code. You will need these when making a deposit or receiving funds. For example, if you want to withdraw SOL from your Binance account to your Phantom Wallet, copy and paste the receiving address on the Binance withdrawal page.

Send: Send funds from your Phantom Wallet to another wallet. Select the correct blockchain network and verify the receiving address before confirming.

You can adjust your slippage settings using the top-right button, or set it to Auto so Phantom finds the best available swap. A higher slippage percentage means your trade may cost more than expected; a lower setting gives better pricing but may cause the transaction to fail if set too low.

Buy: Purchase cryptocurrencies through third-party network partners. Payment methods and fees vary by location. Common options include credit and debit cards, Apple Pay, and Google Pay.

Staking: Phantom supports native Solana staking directly in the wallet, including validator selection and liquid staking options such as PSOL and JITOSOL. This feature was expanded significantly in 2025.

Phantom Cash: Introduced in September 2025, Phantom Cash is an in-wallet money management feature that allows users to hold and manage fiat-linked funds directly within the app.

Managing your token list

Your Phantom Wallet automatically shows your balances for major cryptocurrencies like SOL, ETH, and BTC. To add or remove specific tokens, click [Manage token list] at the bottom of your wallet interface.

In the following menu, you can choose which tokens to display by toggling them on and off. You can also use the search bar to find specific tokens.

Remember that there's an option for you to turn off tokens you’ve received from unknown sources, as these may be scams. 

Phantom Wallet accounts

At the top of your wallet, you will find your public addresses, one for each supported chain. It is safe to share these public addresses with others, but always use the correct network: Solana for SPL tokens, Ethereum for ERC-20 tokens, Bitcoin for BTC, and so on.

How to create and manage multiple accounts

Phantom Wallet allows you to create multiple accounts within the same wallet, each with a different set of public addresses, all managed using the same password and seed phrase.

1. Click the top-left button next to your account name.

2. Click [Add / Connect Wallet].

3. You can create a new multi-chain account or add an existing wallet. Follow the on-screen instructions.

4. You can switch between accounts at any time using the top-left button.

Phantom Wallet bottom menu

At the bottom of your Phantom Wallet, you’ll find a five-tab navigation menu:

The first tab is the home interface displaying your token list and balances.

The second tab takes you to your NFT collection, where you can manage your digital art and other non-fungible tokens.

The third tab takes you to the Swap function.

The fourth tab shows your wallet's recent activity, including past transactions and interactions with DApps.

The fifth tab opens an exploration interface where you can search for projects, tokens, websites, and collections.

Tips for Staying Safe

Keep your seed phrase safe: Write your seed phrase down and store it in a secure offline location. Do not save it digitally or share it with anyone.

Use biometric security: On mobile, enable Face ID or fingerprint authentication for an additional layer of protection.

Be careful with DApps: Only connect to trusted websites and applications. Review permission requests carefully before approving any transaction.

Update regularly: Make sure you are using the latest version of Phantom to benefit from security patches and new features.

Use built-in scam detection: Phantom includes real-time machine learning-based scam detection, transaction simulation, and spam token filtering. Pay attention to any warnings the wallet displays before confirming transactions.

Phantom Wallet provides a straightforward way to manage crypto assets, NFTs, and DeFi interactions across multiple blockchains from a single interface. Because it is non-custodial, you are responsible for securing your own private keys and seed phrase.

FAQ

What is Phantom Wallet used for?

Phantom Wallet is a multi-chain non-custodial wallet used to store, send, receive, and swap cryptocurrencies across blockchains including Solana, Ethereum, and Bitcoin. It also supports NFT management, DeFi application interactions, native Solana staking, and token swaps.

Is Phantom Wallet safe?

Phantom Wallet is a non-custodial wallet, meaning you control your own private keys and seed phrase. The wallet includes built-in scam detection, transaction simulation, and spam filtering. However, no wallet is risk-free: your assets are only as safe as your seed phrase. Store it offline, never share it, and only connect to trusted DApps.

Which blockchains does Phantom support?

As of 2025-2026, Phantom Wallet supports Solana, Ethereum, Bitcoin (including Ordinals), Base, Polygon, and Sui. Monad testnet is also available. The wallet automatically switches networks based on the connected DApp.

Closing Thoughts

Phantom Wallet is a handy and easy-to-use tool for managing your crypto and NFTs across different blockchains. Since it’s non-custodial, you’re in full control of your assets, which adds an extra layer of security.

However, always remember to keep your seed phrase safe, stay cautious with unknown tokens and DApps, and regularly update your wallet app to stay ahead of security threats.

Further Reading

How to Set Up a Crypto Wallet

What Are Web3 Wallets?

Custodial vs. Non-Custodial Wallets: What's the Difference?

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