Cryptocurrencies, initially, did not have any monetary worth and now, nothing seems to match their worth. Thus, it is clear that users need a safe location to store and protect their crypto funds, which gave birth to the concept of digital or crypto wallets. And as soon as the idea spread, tons of crypto wallets came to being.
So, we thought of introducing you to a recent wallet service that seems to have acquired a great user base for the Solana crypto (or SOL) – the Phantom Wallet. It is famously named as the factor that bridges the gap between the Solana blockchain network and the crypto users.
Currently, the wallet functions as a simple web browser extension but there are rumors of ongoing operations to soon launch a mobile application. Let’s not delay and get into the good part of this information guide.
This part of the read has been assigned the responsibility of walking you through the features that makes Phantom a great choice for storing your crypto tokens (Solana and SOL-based):
You should know that Phantom is available for easy download as a plug-in on popular browsers like Chrome, Edge, Firefox, and Brave. It has been noted to have tons of similarities with the MetaMask wallet and often gets pointed to as the MetaMask of the Solana blockchain.
This part of the read has been focused on the way that you can opt for using the wallet service. First, getting or downloading the wallet is extremely free and highly facile to use. You would then be asked whether you need to create a new wallet address or you’d like to import an old one. If you opt to create a new one, you’ll get your hands on a 12-word seed phrase along with the successful creation and confirmation of your Phantom Wallet password.
You can use your wallet to store your crypto, review the balance on your portfolio, trade and exchange crypto, and benefit from other features as well.
As mentioned earlier, Phantom Wallet is a simple browser extension or a browser plug-in and therefore, can be used on a computer only. Although, it will soon launch its mobile application for both Android and iOS, let us walk you through the steps mentioned below to help you with installing the service on your computer:
Note: As soon as the installation is complete, you’ll be able to see the added plug-in on your browser.
This part of the read has been assigned the responsibility of helping you set up your wallet for use along with facile steps:
This part of the read has been focused on helping users when they, for some reason, lock themselves out of their Phantom Wallet. Enlisted are the steps of resolution:
There can be a time/s when you lose control over your wallet accounts and that is when there would be a need to recover it. The seed phrase that you were suggested to note down and kept in a safe offline location would be the major ingredient here. So, let us walk you through the steps for the same:
Well, it has been anticipated that the release of the mobile application for the Phantom Wallet will bring in new features to enhance and elevate the experience of crypto users. Some of the new features that may be designed into the app are listed below:
The detailed read above is focused on an exclusive crypto wallet that is a browser extension or a plug-in that can be downloaded and added to your in-use browser very easily- the Phàntóm Wállet. This wallet service is very much similar to MetaMask, which is why it, sometimes, is described as the MetaMask wallet for the Solana blockchain network.
Scrolling through the informative piece above you’ll get to know the features of the service, a user guide, the process of installing it, the steps for setting it up, and so much more. Also, to conclude the read, we have added a small section that contains the new features that may debut in the mobile application set to arrive this year.