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Phantom review

4.4

FlixoCrypt rating

4.4/5
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Key facts

Phantom 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 1,000,000+
Country availability Global
Restricted regions None listed
Available in India Yes
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. 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

Verdict

The most polished Solana wallet, increasingly multi-chain; self-custody care still applies.

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 India? +

Yes. 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

Crypto analyst; 8+ years covering exchanges, wallets and DeFi

Last verified:

Sources