How to Get Started With the Phantom Wallet

Publisher

Anthony Ortiz

April 25, 2025

Most crypto traders have heard of the Phantom Wallet, especially those conversant with the Solana network. However, Phantom offers more than Solana services. It is a non-custodial, multi-chain wallet that supports Solana, Ethereum, Base, Polygon, and Bitcoin. To get started with the Phantom Wallet, you need to understand the basics: downloading and creating accounts. This article provides steps to install and create a Phantom account and explains other things you need to know about the wallet.

Why You Need the Phantom Wallet

Aside from being the best Solana wallet, Phantom is also the most versatile. The wallet ranks high with popular wallets like Metamask, owing to its advanced features, security, wide acceptability, and multi-chain support. Phantom is also known for its lightning-fast transactions and low transaction fees. Try Phantom Wallet if you want an efficient, user-friendly wallet for crypto, DeFi, and NFTs.

Getting Started With the Phantom Wallet

Download

The Phantom Wallet is available as a browser extension for Firefox, Chrome, Brave, and Edge. Visit the official Phantom extension website, choose your browser, and add the wallet. Phantom is also available as a mobile application for iOS and Android devices.

Using the mobile app means you can access your Phantom Wallet anytime, even without your desktop computer. Follow the steps below to download the Phantom Wallet:

Step 1: Visit the Apple App Store (iOS devices) or Google Play (Android). Search “Phantom Wallet.” Tap on the wallet icon.

Step 2: Tap the Install or Get button next to the app to start the download.

Step 3: Wait till the download count reaches 100%. This process shouldn’t take more than a minute, but the download speed depends on your network quality.

Step 4: Click Open to launch the Phantom Wallet once the app is installed.

Wallet Creation

After downloading and installing the wallet, the next thing to do is create your account. Your wallet account is the platform where you can send, receive, swap, and manage crypto tokens however you want. Phantom offers you total control of your assets via your personalized account. The steps below will guide you through the account creation process on Phantom Wallet:

Step 1: Open the Phantom Wallet app or locate the Phantom extension on your preferred browser. The Phantom onboarding screen will greet you. Check the “I agree to the Terms of Service” box.

Step 2: On the next page, select Create a new wallet. You can also add and restore an existing wallet using the “I already have a wallet” option.

Step 3: For seamless setup, use the “Continue with Email” option or the “Create a seed phrase wallet” option for enhanced security. In this tutorial, we will choose the latter.

Step 4: Set up your preferred login security protocols (biometrics and passcodes) and click Next.

Step 5: You’ll then see a 12-digit secret recovery phrase. Copy and save the phrase to your clipboard. You should also write it down and keep it in a safe place for better security. This phrase is crucial, as anyone with access to it can access your wallet and funds. After that, click on “Ok, I saved it somewhere“.

Step 6: Confirm your secret phrase is safe, then read and agree to Phantom’s Terms of Service. Create a Username and click Continue to finalize the creation of your Phantom Wallet.

Once the steps are complete, your account is ready to go. To fund your account, copy the designated wallet address for the token you want to buy, then send the funds to the address. You can also buy crypto using the app’s built-in Buy Crypto function.

Besides crypto deposits from other exchanges or wallets, you can fund your wallet using bank credit/debit cards. Click the Buy button and select Credit & Debit Card as your preferred payment option. Lastly, you can enable notifications to get instant updates about your wallet activity.

Quick Tour of the Phantom Wallet

Founded in 2021, Phantom Wallet is already among the leading wallet options for managing cryptocurrencies and NFTs across multiple blockchains. One of Phantom’s perks is its user-friendly interface, with every feature strategically placed for enhanced ease of use.

On the homepage, you will find all your assets and wallet balance. Additionally, you can receive, send, swap, and buy tokens by tapping the designated icons on the app’s homepage.

You can also check your collectibles and transaction history and swap tokens with a click when using the app. The Phantom Wallet also features a built-in browser to explore updates and search for updates within the app. Lastly, tap your avatar to access your profile, which you can modify as you please.

Bottom Line

Getting started with the wallet begins with downloading and creating an account. You can access the web browser extension or the mobile application for iOS and Android devices. This article provided easy steps to download and create a Phantom Wallet whenever possible. Follow the steps to get started with Phantom Wallet to efficiently manage your SOL, BTC, ETH, and other supported assets.

FAQs

1. Can I send money from Phantom to my bank account?

Yes, you can send funds from Phantom directly to your bank account. To use this feature, ensure your bank account is linked with the Phantom Wallet, and then choose the bank account after clicking the Withdraw option.

2. How can I earn money in Phantom Wallet?

Phantom Wallet users can earn SOL rewards via staking. Click Start earning SOL, then choose between Native or Liquid Staking to start earning.

3. Can I receive Bitcoin on Phantom?

Yes, you can send and receive BTC on Phantom using the BTC address on the wallet. You can also import an existing BTC wallet account on Phantom.

4. Can I send crypto from Binance to Phantom?

Yes, you can send crypto tokens from the Binance exchange to your wallet. Copy and paste the receiving address for the token on Binance’s withdrawal page, then send.