Phantomfantasies (2024)

FAQs

Is Phantom Wallet good for trading? ›

Best Solana wallet for trading

Phantom is your best option if you'd like to trade SOL and memecoins on mobile or PC. Our mobile app enables you to seamlessly access popular Solana apps such as Jupiter, Drip, and Tensor directly, without needing to leave the app.

Pros: Multi-Chain Compatibility: Phantom Wallet also supports Ethereum and Polygon networks. Non-Custodial Control: As a non-custodial wallet, Phantom gives users control over their private keys, meaning they don´t forfeit custody to a separate entity such as an exchange.

Yes, Phantom is designed to be the decentralized wallet for the Solana blockchain network. Solana(SOL) is the currency being used to handle transactions and can also be stored, staked or sold within the Phantom wallet.

Phantom Wallet is a non-custodial cryptocurrency wallet and browser extension that provides users a secure and user-friendly way to manage their digital assets. Initially made for the Solana blockchain, Phantom now supports Ethereum, Polygon and Bitcoin, but remains one of the most popular wallets for Solana.

Phantom Wallet, recognized for its robust security measures, offers users a safe environment to explore the web3 space. However, the security of your assets also hinges on adopting best practices for web3 wallet security.

If you're only transacting with SOL and Solana tokens, then Phantom Wallet app or Solflare app may be the best Solana app for you, whereas if you have investments on multiple blockchains that you want to manage from a single wallet, Exodus Wallet, Atomic Wallet or Coinbase Wallet apps would all be suitable for your ...

Does Phantom automatically deduct taxes? No, as of 2024, Phantom does not automatically deduct taxes from crypto trades. However, Phantom might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.

Yes. im really sorry to hear that it is better help phantom wallet support team somebody had your seed phrase maybe a friend or family member or stranger or you saved your pharses on your phone or paper and throw it ...

Currently, direct withdrawal to a bank account is not available. Instead, you will need to utilize a cryptocurrency exchange. This exchange allows you to convert your tokens into fiat currency (such as USD, EUR, etc.) and then transfer that fiat currency to your bank account.

Phantom does not collect and store IP addresses. We also use a privacy proxy to obscure IP addresses from RPC providers. As a result, our RPC partners are not able to identify users based on RPC requests. For the limited anonymous analytics that we do have, users have the option to opt-out at anytime.

How many people use phantom wallet? ›

It is currently only trailing behind Google and Google Chrome Apps in the utility category. Phantom Wallet's rise in popularity aligns with its recent achievement of reaching seven million monthly active users, as announced in an April 29 post on X.

The company's code has also been independently audited by Kudelski Security. Phantom also doesn't track or store any personally identifiable information. If you ever run into a problem, you can reach out to Phantom's human customer support team. Phantom Wallet currently supports Solana, Ethereum and Polygon assets.

Buy, sell, and trade NFTs

You can safely manage your NFTs, seamlessly connect to marketplaces, and discover new projects all directly from your Phantom wallet. As of June 2022, there are over 50,000(!) NFT collections on Solana.

Phantom, which supports only one blockchain, is simpler to use than Metamask, which requires switching between different blockchains. In contrast, MetaMask employs a straightforward, consistent interface for EVM-based blockchains, compatible with a range of browsers including Chrome, Firefox, Brave, Edge, and Opera.