What Is Phantom Wallet? (Non-Custodial, Multi-Chain Web3 Wallet)
Phantom Wallet is a self-custodial crypto wallet. Available as both a browser extension and mobile app, it was designed for seamless management of digital assets.
It started on Solana but now it also supports Ethereum, Polygon, Base, Bitcoin, and—by some sources—Sui. This multi-chain wallet offers flexibility for both new adopters and crypto veterans.
Phantom Wallet suits users looking to easily send, receive, and swap tokens, interact with NFTs, and explore DeFi across chains. Its streamlined user experience makes it a go-to for NFT collectors and DeFi enthusiasts alike.
With a focus on user control, you manage your private keys and seed phrase, ensuring that only you control your funds. It is made for users preferring privacy and security without sacrificing usability or features.
Key Notes
Unibot enables instant, automated, and advanced crypto trading directly through Telegram, integrating with Ethereum and Solana blockchains and supporting features like copy trading and new token sniping.
The UNIBOT token provides platform utility, offering users rewards through revenue sharing, fee reductions, and incentivized loyalty tiers, with a capped supply and daily burn mechanism.
Unibot users trade via bot-managed wallets, foregoing self-custody and incurring risks related to third-party control, potential exploits, and phishing threats, highlighting the importance of diligent security practices.
In contrast, ICONOMI delivers regulated asset custody, transparent all-in-one fees, and secure portfolio management, minimizing hidden costs and custody risks for users.
Phantom Wallet Extension and Mobile App: Where and How It Works
Phantom Wallet is available as a browser extension for Chrome, Firefox, Brave, and Edge. The Phantom Wallet extension brings powerful Web3 tools straight into your browser.
Mobile users can access Phantom on iOS and Android. There is near feature parity between the extension and the mobile app, with added benefits on mobile like biometric authentication.
Always download the official Phantom Wallet extension from the verified website or trusted app stores. Beware of common phishing attempts using misspellings such as "phatom wallet" or "phanton wallet". Double-check URLs before installing.
Key Features You’ll Use Daily
The Phantom Wallet has some interesting features, let's break them down below.
Non-custodial security and privacy
Phantom Wallet is a non-custodial wallet, so only you control the private keys and seed phrase (recovery phrase). No personal information is required by default. Scam detection and transaction warnings are integrated for added safety.
Built-in swaps and cross‑chain swaps
Phantom includes in-wallet swaps for supported networks, allowing you to exchange tokens without leaving the extension or app. Easily set slippage tolerance and review price impact or network fees. The cross-chain swapper simplifies asset movement between chains.
NFT management
Effortlessly view, pin, hide, burn, and list NFTs. Sell directly or showcase your collection. Integration with NFT marketplaces like Magic Eden makes trading NFTs convenient from the Phantom Wallet extension or mobile app.
DeFi and DApp access
Connect to decentralised exchanges (DEXs), lending platforms, and more. The Explore tab unlocks tools, staking protocols, and DeFi dApps. Approvals and permissions are transparent; manage them for improved security with regular checks.
Staking SOL and liquid staking options
Staking SOL is straightforward. Use Phantom to delegate SOL or opt for liquid staking via providers like JitoSOL or PSOL. This flexibility allows you to earn rewards, with clear views of risk and return inside the wallet.
Check out some crypto strategies with Solana (SOL) at ICONOMI!
Bitcoin and ordinals support
Phantom supports BTC, BRC-20 tokens, and Ordinals. Send and receive Bitcoin, manage token standards, and see how BTC workflows differ from SPL and ERC-20 tokens within Phantom. This makes Phantom a one-stop-shop multi-chain wallet.
How To Set Up Phantom Wallet (Extension And Mobile) in 3 Steps
Here's a step by step on how to install the Phantom Wallet.
1. Install the phantom wallet extension
Go to the official Phantom site. Select your browser (Chrome, Firefox, Brave, Edge) and click “Add Extension.” Pin the extension for quick access. Confirm you’re downloading the real Phantom Wallet extension, not a “phatom wallet” scam.
2. Create a new wallet (seed phrase flow)
During setup, create a robust password. Securely back up your 12/24-word recovery phrase offline—do not store in the cloud or share it. Set auto-lock and enable biometrics on your mobile app for an extra layer of security.
3. Import an existing wallet or connect a hardware wallet
If you have an existing seed phrase, you can import it. For extra security, connect a hardware wallet like Ledger. This ensures private keys remain offline. On mobile, use Bluetooth and confirm addresses on the device.
How To Use Phantom Wallet
Here's a quick summary of the main things you can do with the Phantom Wallet:
1. Add funds (buy or receive)
Add funds by buying crypto via integrated partners or receive by sharing your wallet address. Supported assets vary by network—SOL, ERC-20, BTC, and more. Always check the network type before sending assets.
2. Send crypto safely
Verify the recipient address and network before sending. Consider sending a small amount first for extra safety. Never send funds based on social or unverified instructions.
3. Swap tokens within the wallet
Choose tokens, review quoted rates, adjust slippage, and pay attention to fees. If slippage is too low, swaps may fail. Each network has different gas/fee structures.
4. Manage your token list and multiple accounts
You can add/hide tokens and manage multiple accounts easily. Watch out for unknown airdrops—they could be scams. Each network address is distinct, so double-check before receiving assets.
5. Connect to DApps
Phantom enables easy Web3 access: use the “Connect Wallet” button on dApps. Confirm permissions before approving and disconnect or revoke access once done. Phantom’s simulation tools help catch risky transactions before they happen.
6. Stake sol (standard and liquid)
Choose between standard delegation (where tokens are locked) or liquid staking (tokens remain tradable). Understand reward mechanisms and risks, such as slashing or smart contract vulnerabilities, before staking.
Read more in How To Get or Set Up a Crypto Wallet.
Networks, Tokens, and Fees: What to Expect
With Phantom Wallet, you can juggle assets on Solana, Ethereum, Polygon, Base, Bitcoin, and even Sui—all from one sleek dashboard. It manages SPL, ERC-20, BRC-20 tokens, NFTs, and Ordinals effortlessly.
Wondering about fees? Solana keeps costs low, while Ethereum and Bitcoin can get pricey during busy times. Swapping tokens brings slippage and price impact, so always double-check those quotes. If you’re buying or selling crypto, remember third-party on- or off-ramps may add their own charges.
Thanks to Phantom’s multi-chain wallet design, switching between token types (SPL, ERC-20, BRC-20) and wallet addresses is a breeze. You can confidently send, receive, or swap assets across supported blockchains.
Final Thoughts
Phantom Wallet is a standout for anyone seeking a non-custodial, multi-chain wallet to manage, swap, and stake digital assets across Solana, Ethereum, Bitcoin, and more. Its user-friendly approach, robust NFT support, and strong security features make it popular among NFT collectors, DeFi fans, and Web3 explorers.
But if you’re new to crypto, or simply want expert guidance and a hands-off approach, ICONOMI’s copy trading platform is the perfect solution. On ICONOMI, beginners and intermediate investors can mirror the strategies of seasoned crypto experts, making it easy to enter the market and diversify instantly—no wallet headaches or technical barriers.
With ICONOMI, you can invest confidently while learning from the best, leaving complex wallet management to power users. Explore ICONOMI’s copy trading today for a smoother start on your crypto investing journey.
Ready to start your journey with us?
Trusted by over 100,000 users from around the world.
