Hot wallet
Phantom
Phantom is a hot wallet best known on Solana, with support it has extended to other networks. Fees for in-app swaps were not verified, so this profile does not quote one.
Best for
Solana users who want a self-custody wallet with a familiar app interface.
Editorial, based on the product category. Not a paid placement.
Tradeoffs
Pros
- A primary Solana wallet, which matters because many Solana scams impersonate this exact app.
Cons
- A hot wallet still signs transactions on an internet-connected device.
- Swap fees were not verified.
Facts
- Custody
Verified 2026-10-26
Phantom says recovery-phrase wallets and Google or Apple sign-in wallets are both self-custodial. Phantom does not hold the recovery phrase or the private keys.
- Platforms
Verified 2026-10-26
Free on iOS, Android, and as a browser extension.
- Recovery
Verified 2026-10-26
A recovery-phrase wallet uses a 12-word phrase. Phantom says that phrase is the root of the private keys, and that a device password or biometrics does not replace it.
Compare
- Phantom vs Coinbase Wallet
- Phantom vs Exodus
- Phantom vs MetaMask
- Phantom vs Rabby
- Phantom vs Rainbow
- Phantom vs Solflare
- Phantom vs Trust Wallet
A verified row names its source and the date it was read. An Affiliate tag on a link does not change these notes.