If you dive into the world of cryptocurrencies, the first thing you need, along with the information, is the wallet. If you are already busy among all encrypted currency procedures, its management may seem exhausted, especially with many safety concerns and options as well …
What if there is a single wallet can handle everything – starting with your NFTS (non -replaceable codes) and other symbols to storing rewards? We are talking about the Phantom wallet, one of the most traded cryptocurrency portfolios today. It is designed for NFTS management and encrypted currencies, as well as access to decentralized applications (DAPS) on blocks chains such as Polygon and Ethereum, especially Solana.
Its selling point is that it is a non -guardian, which means that it does not contain primary phrases and special keys for users, who have full control of their origins and digital keys. This article deepens in Phantom Wallet, explains how to use it and its advantages, and what users should pay attention to.
Start
Phantom wallet is designed to be designed and initially desktop extension for the Solana Blockchain series. Now, the most prominent thing that distinguishes it is that it supports many blocs chains, including Solana, Polygon, Base, ethereum and even Bitcoin. Since it is not under guard, this means that Phantom does not keep your digital assets in a central warehouse.
Rather, it is the users who keep it by controlling information. Hence, you are responsible for maintaining digital assets in your Phantom wallet are safe, just as you maintain your actual wallet in safe from the starch when you are on the street. It is a useful gateway for those who run encrypted currencies, but also NFTS, allowing users to interact with decentralized financing platforms (Defi) and decentralized applications.
Phantom Wallet’s attractiveness is the fact that it is an anonymous encryption wallet – well, partly, at least. It does not request user’s personal information like the name, email address and phone number, but transactions are recorded on Blockchain Solana General. So, it is not completely unknown, but a “pseudonym”.
Preparing the fake wallet
Start using Phantom Wallet is simple. First, users have the option to download the mobile phone application in addition to the browser supplement. The preparation process and the state of use are largely the same, with the main difference that users can use biometric safety on the mobile phone application, such as facial recognition and fingerprints.
So, first, one needs access Official website And download the version they need. As of January 2025, Phantom is available as an attachment for the browser (Edge, Brave, Firefox, Chrome) and mobile app (Android and iOS). After choosing the version and the basic system that suits you, you can either import an existing wallet or create a new wallet.
Moreover, one can choose to create a wallet using an initial phrase or email address. If you choose to prepare and reach the wallet through an initial phrase, make sure to save it in a special and safe place that no one can reach. This is basically your main key and the only way you can recover your wallet. Hence, it is self -evident that: Do not share it with anyone.
After that, one needs to create a strong password for its wallet. Users need to note that this password will only be used locally, based on the profile of the device and their current browser. If a person arrives to the application via his smartphone, he has the option to use biometric safety such as face recognition or fingerprints. That’s all – your Phantom wallet is ready to work.
Mobility in the fake wallet
After preparing, it’s time to see exactly how to deal with the encrypted currency here. On the main screen there are four buttons: send, receive, switch and buy. When the cryptocurrency is sent to you, they appear automatically in the wallet. To send encrypted currencies, click the “Send” button and enter the wallet address to the recipient in addition to the amount to be sent. In addition, all transactions can be found in the “activity tab” that tracks everything.
The “SWAP” option allows you to easily perform barters or trading between multiple cryptocurrencies. One of the important concepts that must be observed here is “slip”, whose settings can be changed using the upper right button. Basically, the higher the slip rate, the higher the cost of your trade. While low sliding is better when it comes to the price, the treatment may fail if it is too low. Are you not sure the amount should be the level? Adjusting it on “automatically” allows PHANTOM Wallet to search for the best exchanging exchange.
Finally, you can also buy encrypted currencies here via external network partners, with different fees and payment methods by site. Common payment methods include debit/credit cards, Google Pay and Apple Pay.
Another interesting thing to do Phantom Wallet View all your encrypted currency balances. Therefore, if you want to remove/add certain distinctive symbols, click “Manage the Distinguished Code List” at the bottom of the application or desktop, where you can choose the distinctive symbols that you want to appear by switching their options and turning off.
There are some safety settings that you need to know in Phantom Wallet. The first thing is that your general address – the long series of letters and numbers on the square in the upper right corner of the main screen – is completely safe to give it to those who need to send encrypted currencies to you. Second, you can modify and customize Phantom Wallet settings according to your preferences. For example, you can not only change your favorite viewing language, but you can also change the currency concession. Do you want to lock the application automatically after a few seconds of lack of activity? Phantom Wallet also has this option.
If you missed:
