Phantom Wallet Review – Features, Fees & Security | CMW

Phantom crypto wallet review: supported coins, fees, security, and how it compares to top wallets in 2026.

A friendly crypto wallet

Phantom is a non-custodial crypto wallet that started as the premier Solana wallet and has expanded to support Ethereum, Polygon, and Bitcoin. Known for its beautiful design and intuitive user experience, Phantom makes Web3 accessible to everyone. The wallet features a built-in NFT gallery, token swaps, and seamless dApp connections. Phantom has quickly become one of the most popular wallets with over 3 million active users, particularly loved by NFT collectors and Solana ecosystem participants. Its focus on user experience without sacrificing security has made it a favorite among both beginners and power users.

Key Facts

  • Website: phantom.app
  • Founded: 2021
  • Headquarters: San Francisco, USA
  • Rating: 4.8 / 5 (85K+ reviews)

Pros

  • Beautiful, intuitive interface
  • Best-in-class Solana support
  • Fast transactions
  • Built-in NFT gallery
  • Excellent swap functionality
  • Hardware wallet integration

Cons

  • Limited blockchain support (4 chains)
  • Relatively new (less track record)
  • Some features Solana-exclusive
  • No built-in staking yet

Features

  • Multi-chain: Available (SOL, ETH, MATIC, BTC)
  • Built-in swap: Available (Best rate aggregation)
  • NFT gallery: Available (Grid view with details)
  • Hardware wallet: Available (Ledger support)
  • Transaction preview: Available (See effects before signing)
  • Burn spam NFTs: Available (Clean up unwanted NFTs)
  • Priority fees: Available (Customize Solana fees)
  • Buy crypto: Available (MoonPay, Coinbase)
  • Watch-only wallets: Available
  • Dark mode: Available

Frequently Asked Questions

Does Phantom support Bitcoin?

Yes, Phantom added Bitcoin support in 2023. You can receive, store, and send BTC directly in Phantom alongside your Solana and Ethereum assets.

How do I connect Phantom to Ledger?

Go to Settings > Connect Hardware Wallet > Select Ledger. Make sure the Solana or Ethereum app is open on your Ledger device. Follow the prompts to import your Ledger accounts.

What is transaction simulation?

Before you sign a transaction, Phantom shows you exactly what will happen - what you'll send, receive, and any approvals granted. This helps protect against malicious transactions and scams.

How do I burn spam NFTs?

Go to your NFT collection, find the spam NFT, tap the three dots menu, and select 'Burn NFT'. On Solana, you'll actually receive a small SOL refund for the rent!