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 2023.
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.
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.
Will Phantom Wallet offer other networks?
Yes, Phantom Wallet have announced plans to deploy their crypto wallet on Ethereum and Polygon. The team is actively exploring other networks and will update users when more information is available.
The team also plans to integrate additional features such as support for decentralized exchanges, DeFi services and a range of other marketplaces. The Phantom Wallet team promises that their wallet will be constantly evolving in order to meet the needs of its customers.
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.
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.
In conclusion, Phantom Wallet is a well-rounded Solana native wallet that stands out in the market with its user-friendly interface, strong security measures and a wide range of supported dApps. With plans to expand its reach to Ethereum and other networks, Phantom Wallet is poised to be a key player in the DeFi and NFT space.
The wallet offers great features for Solana token holders, including staking and token swap options, and is considered a safe and secure option for storing digital assets. With a dedicated customer support team, Phantom Wallet is a top choice for those looking for a seamless and secure experience with their crypto assets.