How to start in 4 steps
Install Phantom on your phone from phantom.com (referral codes only work in mobile sign-up)
Create a new wallet; a referral code can only be entered on the sign-up screen
Write the recovery phrase down offline and set a strong password
Fund the wallet with SOL, then make a small first swap and read the fee line
Plain link to the official site: we earn nothing from it. Check the address before you log in.
Side by side
| Phantom | Solflare | |
|---|---|---|
| Type | Self-custody, extension + mobile | Self-custody, extension + mobile |
| Chains | Solana, Ethereum, Base, Polygon, BNB Chain, HyperEVM, Robinhood Chain, Arc, Bitcoin | Solana only |
| Built-in swap fee | 0.85% on most swaps | Not published as a fixed %; routes via Jupiter, shown in the quote |
| Network fee | Shown before you confirm | 0.000005 SOL per signature; ~0.002 SOL rent for a new token account |
| Referral for new users | 10% fee rebate for 3 months (mobile sign-up) | — |
Sources: Phantom networks, Phantom swaps, Solflare swaps, Solflare fees.
Which one for memecoins?
If you only trade Solana memecoins, Solflare keeps things simple. If you also hold coins on Base, BNB Chain or Robinhood Chain, Phantom covers them in one app. For frequent trades, swapping inside either wallet usually costs more than a trading app or terminal, so many people keep the wallet for storage and trade elsewhere (best memecoin trading apps).
Security either way
- Write the recovery phrase down offline; never type it into a website.
- Read the transaction preview; a warning is a reason to stop.
- Keep long-term holdings on a hardware wallet (Ledger vs Trezor vs Tangem).
Related
Sources
Updated 2026-10-12. How we test
Frequently asked questions
Is Phantom or Solflare better?
For Solana only, both work; Solflare is simpler. Phantom supports more chains, including Base, BNB Chain and Robinhood Chain.
Which has lower swap fees?
Phantom publishes 0.85% on most swaps. Solflare doesn't publish a fixed percentage; check the quote.
Can I use both?
Yes. You can import the same recovery phrase into both, though that also doubles the places it is exposed.
Signed up but waiting on first deposit?
Nothing is paid until your first purchase through the Deposit button in the pump.fun app (card, Apple Pay, Google Pay, PayPal or another method the app shows). SOL or other crypto sent from an exchange or wallet does not count. The 10-day window starts when that deposit is confirmed: trade on 5 different days (UTC) inside it, and keep the purchased funds in the wallet until the last payout.
Independent guide, not affiliated with pump.fun. Affiliate link: we may earn a share of fees.