Phantom Review
By Itai Varochik | Last updated February 1, 2026
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Our Verdict
Phantom is the best wallet for Solana users, combining elegant design with practical DeFi features. Its multi-chain expansion is promising, but it remains strongest on Solana. If Solana is your primary chain, Phantom is the clear choice.
GetASearch Score: 9/10
Rating: 4.7/5 (950 reviews)
Pros
- Beautiful UI
- Multi-chain support
- Built-in swap and staking
- Fast transactions
Cons
- Newer than competitors
- Smaller dApp ecosystem
- Limited advanced features
- No hardware wallet
Score Breakdown
| Criteria | Score |
|---|---|
| Features | 8.0/10 |
| Ease of Use | 10.0/10 |
| Value for Money | 9.0/10 |
| Customer Support | 7.0/10 |
| Overall | 9.0/10 |
What is Phantom?
Phantom is the leading self-custodial wallet for the Solana ecosystem, with growing support for Ethereum, Polygon, and Bitcoin. With over 7 million monthly active users, Phantom has established itself as the "MetaMask of Solana" - a sleek, intuitive gateway to DeFi, NFTs, and token management on one of the fastest Layer-1 blockchains. What sets Phantom apart from other wallets is its design polish. The interface is clean, colorful, and genuinely enjoyable to use - a rarity in crypto tooling. Token balances display with real-time USD values, NFT collections are presented in a visual gallery, and transaction history is human-readable rather than raw blockchain data. The onboarding process takes under 2 minutes and guides new users through seed phrase backup with clear, non-technical language. Phantom's built-in token swap uses Jupiter aggregation to find the best rates across Solana DEXs, with a 0.85% fee on swaps. The staking feature lets users delegate SOL to validators directly from the wallet, earning 6-7% APY. Cross-chain swaps between Solana, Ethereum, and Polygon are supported through integrated bridges, though the experience is smoother for Solana-native transactions. The browser extension (Chrome, Brave, Firefox, Edge) and mobile app (iOS/Android) maintain feature parity. Hardware wallet support for Ledger is available, adding cold storage security for larger holdings. Phantom's Burn NFTs feature lets users remove unwanted spam NFTs from their wallet (a persistent problem on Solana) while earning a small SOL refund for closing the associated token account. Security features include biometric authentication, auto-lock, transaction simulation (previewing what a transaction will do before signing), and phishing detection that warns users when interacting with known malicious sites. The transaction simulation feature is particularly valuable - it shows exactly which tokens will leave and enter your wallet before you confirm, helping prevent approval-based attacks. Limitations include Solana's occasional network congestion and outages (which affect all Solana wallets), limited Bitcoin functionality compared to native Bitcoin wallets, and the smaller DeFi ecosystem on Solana compared to Ethereum. The wallet also lacks advanced features like multi-sig support and custom RPC endpoints that power users may want.
Phantom Features
| Feature | Available | Description |
|---|---|---|
| Multi-Chain | Yes | Solana, Ethereum, Bitcoin |
| In-App Swap | Yes | Trade tokens directly |
| Staking | Yes | Stake SOL natively |
Phantom Pricing
Free
Best For
- Solana users
- Crypto beginners
- Mobile-first users
- NFT traders
Final Verdict
Phantom is the best wallet for Solana users, combining elegant design with practical DeFi features. Its multi-chain expansion is promising, but it remains strongest on Solana. If Solana is your primary chain, Phantom is the clear choice.