Quick facts
Self-custody wallet: browser extension, iOS and Android.
Chains: Solana, Ethereum, Base, Polygon, BNB Chain, HyperEVM, Robinhood Chain, Arc and Bitcoin (Native SegWit/Taproot). Not Arbitrum, Optimism, Avalanche, Unichain or Linea. Source: Phantom: supported networks, checked 2026-10-15.
Fees and swap fee
| Item | Fee or fact | Status | Source, last verified |
|---|---|---|---|
| Built-in swap fee | 0.85% on most swaps | confirmed | Phantom: swap crypto checked 2026-10-15 |
| Stablecoin swaps into Phantom Cash | free | confirmed | Phantom: swap crypto checked 2026-10-15 |
| Network fee and price impact | paid on top, shown before you confirm | confirmed | Phantom: swap crypto checked 2026-10-15 |
Wallet fees change. The fee line in the swap quote is what you pay.
Security notes
- Solana is always on; turn other networks on or off in Settings → Active Networks.
- Phantom shows transaction previews and warnings. Treat a warning as a reason to stop, not a box to click away.
- Tokens sent to an unsupported network such as Arbitrum do not show in Phantom; Phantom documents recovery using another EVM wallet.
How to set it up
- Install from phantom.com (or the store listing it links to).
- Choose Create a new wallet and set a password.
- Write the recovery phrase down offline and confirm it.
- Fund it with SOL for network fees, then connect to apps only from their official URLs.
Seed phrase and drainer safety
- Your seed phrase (secret recovery phrase) is the wallet. Anyone who has it can empty every account in it. Write it on paper or metal, offline. Never type it into a website, a form, a chat or a cloud note.
- No real support agent, wallet team or airdrop will ever ask for it. A DM offering help is a scam.
- Drainers are sites that ask you to sign a transaction or a token approval that hands over your funds. Read what you sign; if a wallet shows a warning, stop. See fake sites and wallet drainers.
- Install wallets only from the official site or the official app-store listing linked from it. Search ads impersonate wallet brands.
- Keep a separate hot wallet with small amounts for memecoins and new apps, and keep savings in a different wallet or on a hardware wallet.
- Review and revoke old token approvals on EVM chains from time to time.
Related
Set up Phantom
- Install from phantom.com (or the store listing it links to).
- Choose Create a new wallet and set a password.
- Write the recovery phrase down offline and confirm it.
- Fund it with SOL for network fees, then connect to apps only from their official URLs.
Frequently asked questions
What is the Phantom swap fee?
0.85% on most swaps (confirmed, source checked 2026-10-15). Network fees come on top.
Can Phantom support recover my wallet?
No. Only your recovery phrase (or backup) can restore a self-custody wallet. Anyone asking for it is a scammer.