Getting started – Phantom

A concise guide (HTML format) to set up and start using Phantom wallet safely and effectively.

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Introduction

What is Phantom?

Phantom is a non-custodial cryptocurrency wallet built primarily for the Solana blockchain ecosystem. It enables users to store, send, receive, and stake SOL and SPL tokens, interact with decentralized applications (dApps), and manage NFTs. This document is a beginner-friendly walkthrough with practical steps, safety tips, and links to official resources.

Why use Phantom?

Quick tip

Always confirm you are on the official phantom domains before installing or entering seed phrases.

Getting set up

Step 1 — Install Phantom

Install the Phantom browser extension from an official source (Chrome Web Store, Firefox Add-ons) or download the mobile app from official app stores. After installation, create a new wallet or restore an existing one using your seed phrase.

Step 2 — Create a wallet

Warning

Never share your seed phrase. Phantom staff or legitimate dApps will never ask for it.

Using Phantom

Sending and receiving tokens

To receive tokens, copy your public address and share it with the sender. To send tokens, paste the recipient address, choose the amount and confirm the transaction. Always double-check addresses and amounts before confirming.

Transaction fees and speed

Solana transactions are typically fast and low-cost, but network congestion can affect speed. Phantom displays estimated fees before confirmation.

Pro tip

Use small test transactions when sending tokens to a new address first.

Interacting with dApps

Connect your wallet

When a dApp requests to connect, Phantom will show a permission prompt. Review which accounts and permissions the dApp requests. Approve only trusted dApps and revoke access when no longer needed.

Approvals and signatures

Signatures confirm actions (like swaps or contract calls). Phantom will display details — read them carefully. If something looks unfamiliar, cancel and investigate.

Security note

Phantom never asks for your seed phrase to connect to a dApp. If prompted, treat it as malicious.

Managing NFTs & staking

NFTs

Phantom provides a gallery for NFTs associated with your wallet. You can view metadata, but transferring NFTs requires the same caution as tokens — confirm recipient addresses and fees.

Staking SOL

Staking allows you to delegate SOL to a validator to earn rewards. Phantom simplifies delegation but compare validators (uptime, commission) before delegating.

Reminder

Delegating is reversible but may require an unbonding period depending on network rules; verify current staking mechanics before making decisions.

Official resources & further reading

Below are official or widely-recognized Phantom resources. Always prefer official docs and support channels when troubleshooting.

How to verify links

Check domain spelling, look for HTTPS, and prefer links from official domains or the app stores to avoid phishing.

Troubleshooting & best practices

Lost seed phrase

If you lose your seed phrase and still have access to the wallet, export the phrase immediately and store it securely. If you lose the seed phrase and lose access, funds are unrecoverable unless you had backups.

Compromised device

If your device is compromised, move funds to a new wallet created on a secure device and ensure you never reuse the compromised seed phrase.

Routine