This is another exciting feature of the Phantom wallet, which makes it even more appealing considering that NFTs are hot in the crypto world now. The wallet hopes to improve on the average DEX experience by addressing the scalability and UX issues that often plague other in-app swaps NFTS AND COLLECTIBLES For such a young exchange, this achievement is impressive. More than one billion dollars in trade has been transacted since then. Phantom wallet launched its Swap feature in June of this year.
When making swaps, it displays the rate, slippage tolerance, and estimated fee. The swap feature interface is similar to that of Metamask. The Phantom wallet has a built-in decentralized exchange where you can make instant swaps of tokens on the Solana blockchain. However, the disadvantage is that if you lose your recovery phase, your assets cannot be recovered. This type of wallet is advantageous since no one else controls your assets but you. Your security is in your hands and not delegated to a third party. A non-custodial wallet is one in which you are in total control of your assets. This is the most decentralized type of wallet. Once done, it installs automatically and can be accessed from the list of downloaded browser extension. Click ‘Add to Chrome’ on the Phantom plugin, and it downloads the wallet(about six megabytes or so).
Once you click that, the website ushers you into a web store containing a number of plugins. There is an ‘Add to Chrome’ button(If you’re using Chrome). Open the Phantom website (phantom.app) on any of the four supported browsers(Google Chrome, Brave, Edge, or Firefox).
#Phantom wallet install#
HOW DO I INSTALL THE PHANTOM BROWSER EXTENSION ON MY DESKTOP OR LAPTOP To access the wallet on your browser, press ALT + SHIFT + P, and the wallet will pop up, displaying your portfolio balance and giving you access to send and receive coins as well as partake in the other functions of the wallet. Upon creating a new one, you will be given a 12-word seed phrase, followed by the creation and confirmation of a password. After installing the plugin on your browser, the wallet would ask you if you want to create a new wallet address or import an old one.
#Phantom wallet download#
But due to the increased load on the network and increased fees, Ethereum's popularity as the main NFT network dropped significantly since the industry's popularity spike in September of 2021.Being a web extension, the Phantom wallet is free to download and easy to use. Users on the marketplace mainly use Ethereum for both selling and buying non-fungible tokens. While OpenSea has not officially confirmed or denied Solana support, the official Twitter account of the platform left a comment under Wong's post tagging the blogger and Phantom wallet official account. OpenSea is working on Solana integration, as well as wallet support /ZEefshKSY1 The integration of the new network on OpenSea was most likely found by the reverse engineering of the platform that allowed Wong to discover the hidden wallet connect feature that will allow users to connect to the platform with Phantom.
The biggest NFT marketplace, OpenSea, is possibly adding Solana network support, according to screenshots posted by crypto-blogger Jane Manchun Wong.
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