The Phantom Wallet is a hot wallet that functions as a negotiator between Solana blockchain and crypto users. The Phantom wallet operates as a website extension, and it launched in 2021. The Phantom wallet allows users to send, receive and exchange cryptocurrency. The Phantom wallet extension works in various types of browsers such as chrome or Firefox, and the mobile application of Phantom wallet is available on ios devices. You will need to set up your account through the Phantom Wallet Extension to start a transaction.
Steps to Create A Phantom Wallet Account Through Phantom Wallet Extension
- Go to the official "Phantom Wallet" website on your trustworthy browser, such as google chrome, to download the "Phantom Wallet Extension."
- Tap the "Add to Chrome" button to add the "Phantom Wallet Extension" to your browser.
- After that, the Phantom Wallet window will be open on your screen; if it is not open, click the "Puzzle Icon" to pin the "Phantom Wallet Extension."
- Click on the "Create New Wallet" button.
- On your screen, you will see "Secret Recovery Phrase." That helps you to recover your Phantom Wallet account if you ever lose your password.
- The secret recovery phrase words are the most important credential for recovering accounts, and you have to note them down and keep them secure. You can also copy all the words by clicking on the "Copy" button and easily store them in your mobile, hardware, and desktop wallets.
- Once you copy and store the secret recovery phrase, click the "Ok, I Saved It" button to move forward with the next step.
- After that, create a strong and unique "Password" for your Phantom Wallet account.
- Enter your password twice for confirmation.
- Read the "Terms and Conditions" of the Phantom Wallet and accept the "terms of services" box.
- Click on the "Save" button.
- You will be prompted to open a Phantom wallet by clicking "Alt+Shift+P."
- Click the "Continue" button to proceed.
- After that, The successful message will be open on your screen; you have successfully installed the "Phantom Wallet Extension" and created an account on "Phantom wallet."
- At last, tap the "Finish" button to end the process.
Steps to Reset Your Phantom Wallet Password
If you ever forgot your Phantom Wallet password, you cannot log in to your account. To solve this issue, you have to follow these steps:
- Open the "Phantom Wallet Extension" on your browser and the Phantom Wallet login page.
- Try to enter your "Current Password" because the forgot password option will only appear when you type the wrong Phantom Wallet password.
- Once you see the "Forgot Password?" option, click on it to move to the next step.
- Enter your "12 Or 24 Secret Recovery Phrase" words on a new window that you store in your mobile, desktop, and hardware wallet.
- When you type the recovery phrase word, give a space for each word.
- After typing all the words in the given box, tap the "Restore Secret Recovery Phrase" button.
- Select the "Wallet Account" that you want to import by selecting the small box.
- After selecting your wallet accounts, click the "Import Selected Accounts" button.
- You have to create a "New Password" for your Phantom wallet account.
- Re-enter your password for confirmation.
- Click the "Save" button to end the process and use this new password to unlock your Phantom Wallet.
Steps to Change Your Phantom Wallet Password
- Open the Phantom Wallet Extension on your browser.
- Enter your "Current Password" to unlock your Phantom Wallet.
- Go to the "Settings" panel by clicking on the setting icon on the bottom right side.
- Select the "Change Password" option from the entire list of settings panel.
- On the password changing page, you will see three empty fields.
- In the first field, enter your "Current Password."
- Next, create a "New password" containing at least eight characters and enter it.
- You have to enter your new Phantom Wallet password again in the last field for confirmation.
- Click the "Save" button to complete the procedure.
- Now you can use this new password to unlock your Phantom Wallet.
Steps to Buying SOL On Phantom Wallet Via Moonpay And FTX Exchange
The Phantom Wallet provides a speedy way to buy cryptocurrencies via MoonPay and FTX. The MoonPay is fast and straightforward, and it supports more than 80 assets and more than 30 currencies. by Following the given steps, you can purchase SOL via MoonPay on the Phantom wallet:
- Open the Phantom Wallet Extension on your browser.
- Tap the "Deposit" button to start the buying process.
- After that, select the "Buy With MoonPay" option.
- The Phantom wallet primarily supports SOL; that is why MoonPay automatically selects SOL; you don't need to set it personally.
- Type the "Amount" that you want to purchase on a Phantom wallet.
- Tap the "Continue" button.
- You have to enter your "Email Address" that you regularly check on the next screen because all the essential codes and links are sent on your email ID.
- Click the "Continue" button.
- Open your email ID, copy the "Verification Code," and paste it into the "Enter Your Verification Code" field to verify your email address.
- Check the "Terms Of Use And Privacy Policy" box.
- Click the "Continue" button.
- After that, you have to enter your "Personal Details," such as your full name, date of birth, country, etc.
- Enter your "Card Details" like security code, expiry date, card number, etc.
- If you already have an account on MoonPay, you don't need to enter your card details.
- Tap the "Continue" button and wait for a few until your order gets executed.
- Open your "Phantom Wallet" for the confirmation of credit.
The Phantom Wallet offers two options to buy Solana; after the MoonPay option, the Phantom wallet offers an FTX Exchange option to buy SOL. Follow these to purchase SOL via FTX on the Phantom Wallet:
- Open the Phantom Wallet Extension on your browser.
- Tap the "Deposit" button.
- Select the "Transfer With FTX" option.
- After that, enter your "Email Address" and "Password" to log in. If you don't have an account on MoonPay, then you can click the "Continue With Google" option.
- Now, you have to complete the identity verification process to pay.
- Enter the "Amount" that you want to buy on a Phantom wallet.
- At last, click the "Pay" button and wait for some time until your order is executed.
Conclusion
The Phantom Wallet can be downloaded as an extension. In the detailed read above, you can learn how you create an account on the Phantom Wallet by adding the Phantom Wallet Extension to your browser. After completing the setup process, you are eligible to buy Solana via MoonPay or FTX exchange. In the above sections, you will learn how to retrieve and change your wallet password.
