If you want to work with multiple blockchains in the Solana ecosystem and looking for tactics to help you in this endeavor, then you can surely put your trust in the Phantom wallet. Yes, that's true for this case. This wallet shows a high level of compatibility with the Solana ecosystem allowing you to get going with the supported crypto tokens.
As soon as you reach the official platform of this wallet, you will get to note that the wallet is available as a browser extension for several popular web browsers and at the same time, you can have it on your mobile phones through the available application.
To know more about how this wallet works and what exclusive features it comes with, you can read the different sections given below.
To have a look at the features and services this wallet comes with, you can read the pointers given right below:
Since the list is pretty long, so we have included a few crypto tokens in the list below:
Downloading and adding a Phantom wallet to your device is completely free of cost. But, at the same time, you need to understand that you will be charged some fee for transacting on the Phantom wallet. Well, it charges you a flat 0.85% fee whenever you swap any crypto-asset through this wallet. Therefore, you should carefully review the fee charged to you whenever you go on to make any kind of transaction.
When you trust your money with some kind of online platform, you really want it to be in safe hands. So, if you are trusting your hard-earned money with a Phantom wallet, then you have probably made a good choice. As you may already know, the Phantom wallet is a self-custodial wallet which in turn gives you full access to the private keys and lets you manage all your stored keys the way you want. Speaking about the security measures it has taken, well, the wallet is safeguarded with Kudelski Security which means it is highly encrypted.
In order to set up your Phantom wallet, you need to get the wallet extension added or install the application on your smartphone. After doing that, you need to complete the setup process as explained below:
Before you start using the Phantom wallet for making transactions on the Solana ecosystem, you need to make sure that you are using a supported browser or mobile device. You also need to understand the fee structure it charges you so that you do not get surprised when you are being charged for transacting.
Download the Phantom wallet extension of the app from the official website and click the "Create new wallet" option to start transacting on the Solana ecosystem.