Frequently asked questions

Question 1

What is Phantom?

Accepted Answer

Phantom is categorized as a software wallet / hot wallet designed for interaction with multiple different blockchains Phantom offers a mobile-first experience, optimized for both iOS and Android devices, featuring an intuitive interface for managing assets, NFTs, and DeFi activities.

Question 2

Is Phantom safe & legit?

Accepted Answer

Phantom is a non-custodial and closed-source wallet. Phantom use robust security measures, including scam detection, support for hardware wallet integration, and a private-by-design approach that requires no personal information for setup. Phantom has not been involved in any known hacks, exploits, or scandals.

Question 3

Who created Phantom?

Accepted Answer

Phantom was created by Phantom Technologies, Inc. a company co-founded by Brandon Millman, Chris Kalani, and Francesco Agosti

Question 4

Where is Phantom's company based?

Accepted Answer

The company behind Phantom, Phantom Technologies, Inc., is headquartered in San Francisco, California.

Question 5

How does Phantom work?

Accepted Answer

Phantom is a mobile-first wallet that connects to supported blockchains via mobile applications. Users can manage assets, interact with decentralized applications, and perform token swaps directly within the app. Phantom also supports hardware wallet integration for enhanced security.

Question 6

When was Phantom launched?

Accepted Answer

Phantom was officially launched January 15, 2021.

Question 7

Why is Phantom Wallet so popular?

Accepted Answer

Phantom Wallet became popular because it’s very easy to use and feels like a modern app, unlike many earlier crypto wallets. Phantom grew alongside the fast and low fee Solana ecosystem, which attracted many users quickly. Phantom also became the default choice for NFTs and DeFi on Solana due to smooth integration.

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