Phantom Wallet: fees, security and alternatives

The most widely used Solana wallet, also EVM- and Bitcoin-compatible.

Phantom is a self-custody wallet: only you hold the keys. It comes as a browser extension and a mobile app. It is the most widely used Solana wallet, and it also supports EVM networks and Bitcoin.

The wallet is free: you pay network fees and, on built-in swaps, possible service fees. Because your keys are on a connected device, the main risk is phishing: check every transaction before signing and revoke permissions you no longer use.

Category
Solana hot wallet
Custody of funds
Self-custody · extension and mobile
Model
Self-custody · extension and mobile
Cost
Free; network fees and possible swap fees
Conditions
Service fees may apply on built-in swaps.
Profile checked on
September 24, 2026

Points to watch

Keys on a connected device: phishing and malicious signatures. Check every transaction before signing.

Official sources

Official site: phantom.com

Frequently asked questions

Is Phantom free?

Yes, the wallet is free. You pay network fees and, on built-in swaps, possible service fees.

Can you store Ethereum or Bitcoin on Phantom?

Yes: Phantom started on Solana, but it is also compatible with EVM networks, including Ethereum, and with Bitcoin.

Can Phantom recover my funds if I lose my recovery phrase?

No: it is a self-custody wallet, and only your recovery phrase can restore the wallet.

Phantom, Solflare or Backpack: which one to choose?

Phantom is the most widely used and the most versatile; Solflare is a native Solana wallet with staking and hardware wallet support; Backpack Wallet is the Backpack team's wallet, separate from its exchange.

In the same category

  • Rabby : Wallet EVM qui simule chaque transaction avant signature, pratique pour la DeFi.
  • Safe : Wallet multisignature : plusieurs signataires doivent valider chaque transaction.
  • MetaMask : Wallet EVM le plus répandu, en extension navigateur et sur mobile.
  • Rainbow : Wallet EVM mobile et extension, simple pour débuter et suivre ses NFT.
  • Zerion : Wallet EVM et Solana avec suivi de portefeuille DeFi multi-chaînes.
  • OKX Wallet : Wallet multi-chaînes d’OKX (EVM, Solana…), distinct du compte exchange.

Useful guides