Phantom Wallet Tutorial (2024) | Step-by-Step Guide for Beginners

Phantom Wallet Tutorial (2024) | Step-by-Step Guide for Beginners

hey everyone and welcome back to my
channel Crypton snake here and in
today’s step-by-step guide I’ll walk you
through setting up and getting started
with Phantom wallet let’s Dive Right
In Phantom is a non-custodial
multi-chain wallet designed for buying
sending receiving storing and trading
crypto and nfts it provides access to
the vibrant web3 ecosystem of across
salana ethereum polygon and Bitcoin
additionally Phantom is compatible with
Ledger Hardware wallet it’s important to
note UPF front that Phantom is not an
open-source wallet this means that its
underlying code is not accessible to the
public to start head to the Phantom
doapp website and select download choose
your preferred browser we’re using
Chrome and install the extension once
installed you can pin it for quicker
access you’ll be redirected to the
landing page and presented with two
options to create a new wallet or import
an existing one since we’re starting
fresh click create new wallet set up and
confirm your password read and agree to
the terms of service then click continue
the next step is crucial Phantom will
generate a 12-word secret recovery
phrase which is essential for wallet
recovery in case you lose access hover
the mouse over the words to reveal them
and write down the words in the same
order as displayed remember to store
your recovery phrase securely as losing
it means losing access to your wallet
and crypto assets permanently never
share it with anyone as doing so could
compromise the security of your wallet
once you’ve done this confirm that
you’ve saved your secret recovery phrase
and click continue your wallet is now
ready to use click get started to
proceed click on the Phantom extension
tab to open it on the top you have your
balance and main functions followed by
the default tokens for salana ethereum
and polygon you can go to manage token
list to remove the tokens you don’t use
or add them back Bitcoin is also
available in Phantom as a beta version
which you can enable in settings now
let’s top up the balance one option is
to buy crypto via the buy button select
your coin choose the amount you wish to
spend and click next then select your
provider either moonay or coin base and
proceed by following their instructions
another way to top up your balance is by
receiving funds click receive select the
coin from the list for this tutorial
we’re using ether then copy and send
your wallet address to the sender or
show them your QR code once the funds
are received they’ll reflect in your
wallet balance your total balance is
shown at the top and each coin balance
is displayed in its respective tab click
on the coin to access its balance fun
functions information about the coin and
your transaction history with it you can
click Swap and select the coins to swap
them directly from the Phantom wallet
without needing to enter an exchange
enter the amount and you’ll receive a
calculation of how much you’ll receive
along with information about the
provider and the current best price
review your order and click swap if you
wish to proceed now let’s send some
crypto return to the menu and select
your coin click Send and enter the re
recipient’s address you can either click
maximum or enter the amount you wish to
send then click next review your details
and adjust your gas fee if you wish the
lower the fee the slower the transaction
the higher the fee the faster the
transaction when you are ready click
Send your funds are now on their way
click on view transaction to be
redirected to Ether scan where you can
view detailed information about your
transaction your updated balance will
reflect in your wallet and coin balance
and your transaction will appear in the
list of transactions in the coin menu
that concludes our overview of the main
wallet tab now let’s explore the
remaining features in the nft tab you
can browse your nft collection next
there’s the swap tab then we have the
recent activity tab which displays your
activity with all tokens lastly there’s
the browse tab where you can explore
various web 3 apps view token statistics
and trends browse collections across
networks and engage in Quests for
rewards in Phantom you can even mint a
photo or video a feature available in
the mobile application Additionally you
have access to educational articles
about crypto which are always valuable
moving on to other functionalities
hovering your mouse over your account at
the top allows you to copy your wallet
address for each token providing a
convenient shortcut clicking the icon in
the top left corner grants access to
your account information and management
from there you can add another wallet by
creating a new one connecting a hardware
wallet importing a secret recovery
phrase or private key and watching a
public wallet
address below you can manage your active
accounts and access settings in settings
you can rename your account by clicking
on it view your addresses review your
secret recovery phrase and private key
in preferences you can customize
settings such as display language
default app wallet and preferred
Explorer for each token under security
and privacy you can change your password
set up an autolock timer download
application logs togg is showing wallet
shortcuts and sharing Anonymous
analytics and reset the
app Additionally you have access to
active networks address book and
connected apps in active networks you
can enable and disable networks
including activating Bitcoin available
in beta mode in developer mode you can
turn on test net mode finally you have
access to help and support and more
information about Fantom wallet at the
bottom you can click lock wallet to sign
out of
phantom that wraps up today’s Phantom
wallet tutorial we hope you found this
video helpful and informative if you
have any questions please leave them in
the comments below don’t forget to
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Phantom Wallet Tutorial (2024) | Step-by-Step Guide for Beginners | How to Set Up Phantom Crypto Wallet | Phantom Wallet Account Create – Ethereum, ERC 20 Wallet | Phantom Wallet Review

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