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Download Phantom Wallet Extension | Official Website

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Do you wish to be called “dumb” because you left your crypto assets on the exchange from where you purchased them? Or do you want to be called “smart” because you took the safety of your crypto assets seriously? Well, keeping your crypto assets on your crypto exchange is a highly insensible decision and there’s not one but many reasons why it is not recommended by crypto experts.

When you keep these assets on the exchange, they are vulnerable to hacks. In the past, there have been cases of crypto exchanges being hacked. And when a crypto exchange gets hacked, you will eventually lose all the funds stored there.

But, worry not!!! When you have a Phantom wallet by your side, you can have a good night’s sleep and keep your crypto away from intruders for as long as you want.

Taking A Closer Look At The Phantom Extension

Do you wish to be called “dumb” because you left your crypto assets on the exchange from where you purchasea

I’m sure, now, you might be interested in knowing what a Phantom wallet is. Isn’t it??? 

To put it short, we can say that Phantom is a decentralized wallet that belongs to the category of hot crypto wallets that are available in the software format. Alongside performing its basic operation i.e. to store your crypto assets, it also comes in handy in various other scenarios.

Want to know how? Check out the points below and take a look at the operations you can perform right after installing the Phantom extension or the app:

  • Store: This is the primary feature of the wallet as it allows you to store crypto assets belonging to various blockchains such as Ethereum, Solana, Polygon, etc.
  • Buy/ Sell/ Trade: After signing up with this wallet, you can also buy, sell, and trade crypto assets using its in-built features
  • Hardware wallet integration: If you have a huge amount of crypto assets that need additional security, you can surely connect your wallet with a hardware wallet
  • User-friendly interface: Beginner crypto traders always opt for a platform that is easy to use and this is what Phantom has to offer you. Both the Phantom extension as well as app are pretty easy to use

d them? Or do you want to be called “smart” because you took the safety of your crypto assets seriously? Well, keeping your crypto assets on your crypto exchange is a highly insensible decision and there’s not one but many reasons why it is not recommended by crypto experts.

When you keep these assets on the exchange, they are vulnerable to hacks. In the past, there have been cases of crypto exchanges being hacked. And when a crypto exchange gets hacked, you will eventually lose all the funds stored there.

But, worry not!!! When you have a Phantom wallet by your side, you can have a good night’s sleep and keep your crypto away from intruders for as long as you want.

What Are The USPs Of Phantom Wallet Extension?

Being a crypto trader, you must have some queries in your mind like- when I have so many crypto wallets to choose from, then why should I go with this particular wallet? Don’t worry!!! This section of the read has got you covered and will surely give you a clear justification of why this wallet stands out from the rest:

  • Solana staking: who doesn’t like some extra earnings? Well, if you also have some SOL in your wallet, you can stake your holdings to earn some additional rewards.
  • Token swap: not all crypto wallets come with this exclusive feature that is present in a Phantom wallet. Hence, if you wish to swap your tokens easily, you must go with this wallet.
  • Self-custodial: this is yet another unique feature of this wallet because it makes you the sole controller of your crypto assets that you have stored in your wallet.
  • Biometric authentication: the wallet uses top-notch technologies to provide the wallet users with the required safety and to enhance the security quotient, you can also enable the biometric authentication feature over it.
  • Create up to 100 accounts: if you often get confused with your crypto funds, then using the “Add Account” feature within your wallet, you can easily segregate your funds into different wallets and name them accordingly.

How Do You Use A Phantom Wallet Extension?

Well, the process is pretty straightforward.

All you need to do is download the Phantom extension on a supported browser or download its mobile application. After you’ve downloaded it, you can set up a new wallet on it by completing some easy steps. Otherwise, if you already have a wallet, you can import that particular wallet using its specific Secret Recovery Phrase.

Want a detailed explanation of the same? Check out the information furnished in the section to follow. 

Basic Steps To Install Phantom Extension

As discussed in the previous sections of this read, you can start using the wallet without installing its application or its extension on your device. So, be ready with a device connected to the internet and follow me through the steps below to install the extension:

  1. Open the official Phantom website: Evidently, you first need to visit its official website i.e. https://phantom.app/ to get your hands on the authentic wallet file
  2. Select “Download”: Now, your next step is to locate the purple-colored “Download” button present on the main page and then select it to proceed
  3. Move to the “Download for Desktop” section: When you are presented with three menus to choose from i.e. Desktop, Mobile, or Web3, move to the “Desktop” section
  4. Choose your browser: Here comes the part where you can choose among four browser options such as Chrome, Brave, Firefox, and Edge
  5. Follow the prompts: The steps you need to follow further will entirely depend on the web browser that you have chosen in the previous steps

Upon the completion of some more steps, the installation of your wallet file will finish.

Now, It's Time To Set Up The Phantom Wallet

When the wallet files have been installed and the extension has been added, the next step that you need to take to start using this wallet is to set up your wallet. If you are looking forward to getting some details on the same, then I suggest you check out the steps present below:

  1. Primarily, open the Phantom extension or its iOS/Android application that you’ve downloaded via https://phantom.app/download
  2. On the welcome screen, choose “CREATE A NEW WALLET” button
  3. To safeguard your wallet, assign a unique yet strong password
  4. Enter the same Phantom wallet login password twice to confirm it
  5. Give a read to the Phantom Terms and tick the applicable box if you agree to these terms
  6. Select “CONTINUE” and choose the option to display the Secret Recovery Phrase
  7. Back up the recovery phrase as explained and create multiple copies

Congratulations!!! You’ve successfully created a new wallet on Phantom.

IMPORTANT: Have you already created a wallet on this platform long ago? If yes, you can just choose the “Import Wallet” option and access it by providing the correct Secret Recovery Phrase.

Summarizing The Read:

Remember that your wallet contains sensitive data such as your valuable crypto assets and private keys. Hence, you must consider it to be a great responsibility to keep the Secret Recovery Phrase of your wallet safe. Losing your SRP will eventually lead to the loss of all the funds you’ve sent to your wallet. Also, in case you have some SOL in your wallet, don’t forget to stake them to earn rewards if you are not planning to sell them any sooner.