Phantom wallet- A Solana-friendly wallet with easy staking features

When dealing in crypto through the Solana blockchain, it is advisable that you choose a platform that works best with this particular blockchain and when we talk about Solana, nothing could beat the functionalities offered by Phantom wallet. Well, this Solana-friendly crypto wallet lets you do more than just store crypto coins and tokens. Hence, if you are looking forward to using this wallet further, dive deep with us in the sections to follow.

Here, I will teach you comprehensive details about wallet usage from scratch. So, without further ado, let's get straight into this.

What is a Phantom wallet?

Basically, it is a decentralized and non-custodial wallet that lets its users store their assets. And you know what the best part is, it lets you stake and earn crypto rewards in just three steps. Hence, it is by far considered one of the best Solana-based wallets that lets you stake crypto with ease. In addition to this, you may also connect it with a hardware wallet so that you can enjoy maximized security for your crypto assets.

Why should you choose Phantom Wallet?

In case you are wondering why should you choose Phantom wallet when there are several other Solana-friendly wallets available in the marketplace, then you should take a look at the exclusive features that I have talked about in the section to follow:

• The wallet comes with the feature to buy, send, and receive NFTs
• As said above, it follows a pretty easy staking process
• If you wish to swap crypto assets through it, all of this can be done by using this wallet
• When it comes to transaction fees, it charges very low fees
• That's not all, privacy and anonymity are at the core of this wallet

Learn how to get started with it

To get started with it, you first need to add the Phantom Wallet extension to your web browser. Apart from that, you may also choose the option to use this wallet on your mobile device which can be easily done by installing its mobile app. For PC users, here is the way to get the Phantom wallet extension installed:

1. Straightaway, get to the https://phantom.app/download website
2. Choose your preferred web browser to get the extension installed- Firefox, Chrome, Brave, and Edge
3. Scroll down a little more, if you wish to get the app
4. Based on your chosen option, follow the further instructions

As soon as you get the extension added, you can set up a new Phantom wallet on your browser or app or you may also import an existing wallet.

Setting up a new Phantom wallet from the scratch

Setting up a new wallet on the phantom extension is as easy as having a piece of cake. All you need to do is follow the step-by-step guide that we have enlisted hereby:

1. Begin the procedure by opening the newly installed file
2. Followed by this, choose the option to create a new wallet
3. Thereafter, you will be asked to set up a login password for this wallet
4. Once you have done that, you can proceed by backing up your seed phrase
5. This way, you will be able to set up a new Phantom wallet on your device.

Conclusion:

As it is clear from the article above, using Phantom Wallet is not a big deal. Even if you have the slightest idea of using basic computer operations, you will be able to get started with it without further ado. Just follow me through this read and you'll eventually be ready with a safe storage space for your crypto assets.