• Phantom Wallet | A friendly crypto wallet

    Phantom Wallet is a renowned non-custodial crypto wallet and web browser extension that provides an easy and secure interaction method with several blockchain networks. The wallet is equipped with an easy-to-use extension that grants customers to receive and send cryptos and tokens, collect non-fungible tokens (NFTs), and exchange tokens inside the wallet. This is a self-custodial Web3.0 wallet that stores the private keys of its users on their devices and gives them absolute control of their funds. Phantom Wallet is compatible with various web browsers such as Firefox, Chrome, Brave, and Edge.

    Benefits of Using Phantom Wallet Extension 

    • Phantom Wallet is easily accessible on many web browsers with an intuitive and easy-to-use interface. 
    • Protect the Solana arrangement and earns perks by staking users’ SOL token. 
    • Self-custodial wallet, which suggests you still keep the private keys. 
    • Phantom Wallet supports associated hardware Wallets for better security like Ledger. 
    • Phantom Wallet benefits from the low fees of Solana. 
    • It offers a wide range of assets like SOL, USDC, Serum, Raydium, USDT, and various tokens provided by the Solana blockchain. 

    Methods to Download Phantom Wallet on PC

    • First of all, launch the Firefox extension or Chrome extension store on your computer. 
    • Or, you can visit the official website of Phantom. 
    • Next, write Phantom Wallet in the search bar and hit the Enter key. 
    • Now, you have to tap on the Phantom icon from the available options. 
    • Then, you must press the Add to Chrome button. 
    • That’s it; you have successfully installed the Phantom Wallet on your device. 

    Methods to Set Up Phantom Wallet Extension

    • Firstly, you have to open the Phantom Wallet on your PC. 
    • On the official page, you should tap on the Create New Wallet tab. 
    • Now, the Secret Recovery Phrase will be visible on the screen.  
    • Note: write down your recovery phrase somewhere safely. You can only access your account through the recovery phase. 
    • Next, to copy the secret code, click on the Copy icon available under Recovery Phrase. 
    • When you are done with writing the secret phrase, tap on the I saved it somewhere option. 
    • After that, you need to generate a unique and strong password for the Phantom Wallet
    • Then, rewrite your password in the confirm password box. 
    • Go through the Terms of Services set by the website and tick the agree to box.
    • Hit the Save button displayed at the bottom. 
    • Here, a window with a keyboard shortcut will pop up on the screen. You have to press the Continue button. 
    • Once you finish all the steps, a window with a confirmation message will appear on your screen. Hit the Finish tab. 
    • Finally, your Phantom Wallet is ready to use. 

    Methods to Reset the Phantom Wallet Password 

    • For this step, you should launch the Phantom Wallet
    • Then, keep entering your current password until you see the Forgot Password option.
    • Now, tap on the Forgot Password option to open a new window. 
    • Here, you have to provide your recovery phrase in the preferred field and hit the Restore recovery phrase button. 
    • Select your wallet account and tap on the Import Selected Account tab. 
    • Next, you need to generate a new password for your wallet. 
    • Re-enter the password in the given box and press the Save button. 
    • That’s all; you now use this new password to access the Phantom Wallet

    Methods to Change the Phantom Wallet Password 

    • To begin, launch the Phantom Wallet extension.
    • Enter the password to unlock the Phantom Wallet
    • Then, navigate and tap on the Settings icon. 
    • Next, you have to select the Change Password option. 
    • Here, input the current password in the first box. 
    • After that, you must create a new and strong password in the second box.
    • Rewrite the password in the last box to confirm it. 
    • Lastly, you should tap on the Save button. 

    Methods to Buy Solana in Phantom Wallet through MoonPay 

    • Let’s start with moving to the Phantom Wallet using your password. 
    • Now, you need to hit the Deposit button. 
    • Next, you should select the Buy with MoonPay option from the given choices. 
    • Choose the asset as SOL and input the amount you wish to purchase.
    • Then, press the Continue button visible at the bottom of the screen. 
    • After that, enter the email address in the MoonPay window and hit Continue. 
    • Head to your mailbox and submit the verification code you have received. 
    • Input the required information and billing address. 
    • Here, enter the card details and tap Continue. 
    • Congratulations! You have successfully bought Solana within your Phantom Wallet. 

    Methods to Purchase Solana within Phantom Wallet via FTX exchange

    • To proceed, head to the Phantom Wallet
    • Then, you must go for the Deposit option. 
    • Next, you have to click on the Transfer with FTX option from the stated option.
    • After that, you need to provide the required details like email address and password. 
    • Type the amount and click on the Pay button.  
    • Now, you should check your balance in the Phantom Wallet

    Methods to Deposit Solana in Phantom Wallet 

    • First, you need to unlock the Phantom Wallet using your login password. 
    • Next, you must tap on the Deposit SOL icon to view your wallet address. 
    • Now, to copy the address, you should click on the Copy tab. 
    • Then, move to the external wallet or exchange and paste the address you have copied. 
    • Input the amount and select the currency.
    • After that, head to your Phantom Wallet and check your balance. 

    Methods to Withdraw the Stake from Phantom Wallet

    • Get into your Phantom Wallet using the password. 
    • Tap on the Solana token balance tab. 
    • Then, you must hit the “Your Stake” row.  
    • Now, pick the staking account from which you would like to withdraw.
    • Next, tap on the 3-dots icon visible at the top of the window. 
    • After that, you have to press the Withdraw SOl button to complete the process. 

    Conclusion

    Phantom Wallet is the best option if you wish to initiate crypto transactions in the Solana blockchain network. It is easy to download and set up, has a secure interface, and is secured against cyber threats. The extension is available on Chrome, Edge, Brave, and Firefox, and there is a user-friendly app for iOS. To know how to create and use Phantom Wallet, you can go through the above informative sections.