What is Phantom? A Guide to Solana’s Most Popular Crypto Wallet
Phantom is a self-custody cryptocurrency wallet supporting multiple blockchains, including Solana, Ethereum, Base, Polygon, and Bitcoin. It offers features for sending, receiving, buying, and swapping cryptocurrencies without relying on centralized exchanges. Launched in 2021, Phantom initially focused on Solana but expanded to other blockchains by 2023. Users can create wallets using an email or a seed phrase, with a recovery phrase for security. Phantom supports decentralized exchanges like Uniswap and allows users to trade Solana-based tokens and meme coins. It includes a built-in swap feature for cross-chain transactions and enables staking of SOL with validators. Phantom emphasizes security, having blocked over 18,000 wallet-draining attempts in 2023. The wallet is user-friendly for beginners and available as a desktop extension and mobile app.
