Phantom review
Last reviewed:
🏆 2026 Overall Top Rated 🏆 2026 Best Hot Wallets
FlixoCrypt rating
Key facts
| Type | wallet-hot (Hot Wallets) |
|---|---|
| Trading fees | Maker n/a · Taker In-app swap fee + low Solana gas |
| Withdrawal | Network gas only |
| Free to use | Yes |
| KYC required | No |
| Regulated | No / limited |
| Supported assets | any major token via custom networks (no fixed asset list) |
| Country availability | Global |
| Restricted regions | None listed |
| Affiliate commission | CPA · None (self-custody) |
| FlixoCrypt rating | 4.4 / 5 |
| Best for | Solana users (and now multi-chain) wanting a polished wallet |
| Last verified | 2026-06-29 |
Overview
Phantom is a self-custody wallet that began as the leading Solana wallet and has expanded to support Ethereum, Polygon and Bitcoin. It is known for a clean, beginner-friendly interface with built-in swaps and NFT support. It is free and non-custodial, so security depends on the user safeguarding the recovery phrase. It remains the default choice for the Solana ecosystem.
Availability
Phantom is available in: Global. Always confirm availability for your country on the official site, as regional support changes. Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site. Regional note — India: Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
Pros
- Best-in-class Solana experience (now multi-chain)
- Clean, beginner-friendly UI
- Built-in swaps and NFT support
Cons
- Strongest on Solana
- Self-custody risk model
- Swap fees apply
Who it is for
- Best for: Solana users (and now multi-chain) wanting a polished wallet.
- Avoid if: You need deep, mature support across many non-Solana chains.
Verdict
The most polished Solana wallet, increasingly multi-chain; self-custody care still applies.
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Phantom FAQ
What is Phantom? +
Phantom is a self-custody wallet that began as the leading Solana wallet and has expanded to support Ethereum, Polygon and Bitcoin. It is known for a clean, beginner-friendly interface with built-in swaps and NFT support. It is free and non-custodial, so security depends on the user safeguarding the recovery phrase. It remains the default choice for the Solana ecosystem.
Is Phantom safe? +
Phantom is lightly regulated or non-custodial. No protocol breach; user risk is phishing and malicious approvals. As with any platform, use strong security and only hold what you need on it.
Does Phantom require KYC? +
No — KYC is not required (non-custodial or minimal verification), which shifts custody and compliance responsibility to you.
What are Phantom's fees? +
Phantom fees: maker n/a, taker In-app swap fee + low Solana gas; withdrawals: Network gas only. Always confirm current fees on the official site, as crypto fees change often.
Is Phantom available in my country? +
Available globally, with some regional restrictions. Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site. Regional note — India: Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
What is Phantom best for? +
Solana users (and now multi-chain) wanting a polished wallet.
When should you avoid Phantom? +
Avoid Phantom if: You need deep, mature support across many non-Solana chains.
What are the main pros and cons of Phantom? +
Pros: Best-in-class Solana experience (now multi-chain); Clean, beginner-friendly UI; Built-in swaps and NFT support. Cons: Strongest on Solana; Self-custody risk model; Swap fees apply.
Is Phantom regulated? +
No / limited. Self-custody software
When was this Phantom review last verified? +
This review was last verified on 2026-06-29 against the official site.
Reviewed by Arjun Mehta
Editorial lead overseeing FlixoCrypt's research, sourcing and verification process
Last verified:
Sources
- Phantom — official site — verified