Home
»
Review
»
Phantom Wallet Review

Phantom Wallet Review

Alysha Jane
Fact Checked
Sep 26, 2022

Summary: Phantom Wallet is the most popular Solana native wallet for DeFi, NFTs and GameFi on the SOL network.

Their user-friendly web, iOS and Android crypto wallet makes it easy to store, buy, sell and trade digital assets on the Solana blockchain through popular apps like Serum DEX, OpenSea, Magic Eden and many others.

Table of Contents

Phantom Wallet Platfrom Highlights

Platform Highlights

  • Largest and most popular Crypto wallet for Solana.
  • Available on iOS, Android, Chrome, Firefox, Brave and Edge.
  • Safest SOL wallet with no history of exploits or hacks.

What is Phantom?

Phantom Wallet is a digital wallet that allows users to store, send, and receive Solana-supported tokens. Phantom Wallet was one of the first Solana-based digital asset wallets. It is available on both mobile and desktop, on mobile is it supported on iOS and Android, for desktop it can be added as an extension on chrome, Firefox, Brave & Edge.

In addition to Solana, Phantom has recently announced its plans to support Ethereum and ERC-20 tokens on its application. The news was reported in early 2022 with plans already underway and Phantom is aiming to have its platform EVM-compatible by the end of 2022.

Phantom Wallet Features

This wallet offers a number of great features that make it an ideal choice for Solana token holders including:

  • Solana Staking from over 10 different validators with APY ranging between 5% - 9%.
  • Solana-based NFT and collectibles storage.
  • Most supported dApps in the Solana ecosystem.
  • Token Swap - swap tokens directly on the application.
Phantom Features.
Phantom Features.

Is Phantom a safe wallet to store crypto?

Yes, if you're looking for a safe and secure way to store your Solana tokens, then you should definitely check out Phantom Wallet. First and foremost, Phantom Wallet is a non-custodial wallet, which means that your private keys are never stored on any centralized servers. This gives you complete control over your funds, and ensures that they can never be stolen or lost.

It is also independently audited by Kudelski Security, one of the best auditing firms globally. Phantom Wallet also offers support for Ledger hardware wallets, which provide an additional layer of security for your crypto holdings.

Phantom Wallet doesn't track or store any of your personal identifiable information like addresses or asset balances. So if you're looking for a safe and secure way to store your Solana tokens, then Phantom Wallet is definitely worth checking out.

Phantom Security Page.
Phantom Security Page.

Does Phantom offer customer support?

If you ever need any help or have any questions, Phantom Wallet's customer support team is available to contact via its online ticketing system, email and Twitter. It also offers an extensive FAQs section and a robot Live Chat feature.

Phantom FAQs.
Phantom FAQs.

About Solana Network

Solana is a public blockchain that uses Proof of Stake (PoS) to validate transactions. Solana's key features include scalability, security, and speed. With Solana, users can transact at high speeds without sacrificing decentralization or security. Solana's mainnet launched in March 2020, and since then, the platform has processed over $12B worth of transactions.

It is now the most popular alternative blockchain to Ethereum and is considered its biggest competitor. Solana has amassed fans from allover the world including many celebrity and financial endorsements like Mike Tyson and Jason Derulo. It is a popular blockchain option for retail users that don't believe in Ethereums scalability with its high gas fees.

Final Verdict

Overall, Phantom Wallet is a great option for those looking for a digital wallet to store Solana tokens. Phantom Wallet is easy to use and offers a variety of features that make it a great choice for those looking for a Solana wallet. It offers high security, is supported on almost every Solana-based dApp and you can stake SOL on the application.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

Twitter
View Posts