Phantom Wallet | Phantom Wallet Tutorial | Phantom Wallet Staking
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Welcome to our Phantom Wallet Video!
Phantom is a non-custodial browser extension and crypto wallet that offers a simple and secure way of interacting with multiple blockchain networks in the Solana ecosystem. The wallet comes with an easily accessible extension that allows users to send and receive cryptocurrencies and tokens, collect NFTs, and even swap tokens within the wallet.
This is a decentralized Web 3.0 self-custodial wallet that stores your private keys on your device thus giving you complete control of your funds. Phantom is compatible with several browsers including Chrome, Firefox, Edge, and the Brave browser.
Simply put, Phantom is the MetaMask equivalent of the Solana ecosystem as it is mainly designed to make the process of managing private keys for DeFi projects in the Solana network much easier.
Available on several browsers with an intuitive and beginner-friendly interface
Benefits from Solana’s extremely low fees
Features a built-in token swap feature with Ethereum support coming in the future
Supports linking hardware wallets such as Ledger for increased security
Non-custodial wallet, which means you still hold your private keys
Phantom User Interface Overview
As they say, a wallet can make or break a chain. Thanks to an intuitive user interface, Phantom makes it easy to use the Solana blockchain. Once you have it downloaded on your browser, all you have to do is insert your password to access the wallet. There are no rigorous KYC or AML requirements. The home page of the dashboard features easy access to your send and receive buttons.
Transactions are paid using the SOL token and you can easily navigate to your portfolio of tokens or the built-in DeX. With every token swap, you can easily see your slippage rate and fees displayed below. The Phantom interface also gives you an overview of your latest activities in your wallet and you can also navigate to the settings of the wallet with ease.
Supported Operating Systems
As a browser wallet, Phantom is compatible with any operating system that supports a browser.
This means you can use Phantom on Windows, MacOS, and any Linux operating system. However, while MetaMask recently released a mobile app supported on both Android and Apple devices, Phantom does not come with a mobile app.
Is Phantom Safe?
Phantom is a safe browser wallet whose code is independently audited by Kudelski Security (a top software auditing firm).
Furthermore, as a self-custodial wallet, Phantom offers encrypted private keys that are stored on your device thus giving you full control. Also, the wallet is designed to prevent users from making unintentional actions that may lead to the loss of funds.
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Phantom Wallet video. Make sure to leave a like on the video if you gained value from it!
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00:00 – Phantom Introduction
00:36 – Phantom Explained.
09:45 – Recap.
- Phantom Wallet Tutorial: How to Send, Receive, Stake & Swap on Solana
- Solana NFT Beginners Guide | Phantom Wallet Tutorial
- The Best Crypto Wallet for NFT’s and Cryptocurrency Security 2022
- How to use Phantom Wallet + Buy Solana NFTs
- SOLANA NFT TUTORIAL | HOW TO MINT, TRADE AND BUY NFTS | PHANTOM WALLET SETUP!