Phantom Review (2026)

The most popular Solana wallet, now multichain with Bitcoin, Ethereum, and Base support

4.6(4,820)

Crypto WalletsFree plan

Last updated: July 2026

What is Phantom?

Phantom is the dominant wallet in the Solana ecosystem with over 15 million users, and has evolved from a Solana-only wallet into a true multichain product covering Solana, Ethereum, Base, Polygon, Bitcoin, and Ordinals from a single interface. Its reputation was built on a clean, consumer-grade UX that made Solana DeFi accessible to mainstream users — the wallet feels like a consumer finance app rather than a developer tool, which contributed to Solana's retail adoption surge in 2021–2024. Phantom's built-in swap (powered by Jupiter on Solana, aggregators on EVM chains) charges 0.85% per trade. The NFT gallery and collectible display is the most polished of any browser wallet, rendering compressed NFTs and cNFTs correctly on Solana — a technical feat that many wallets still miss. Phantom's security team actively maintains a blocklist of malicious dApps and phishing domains, and the wallet surfaces warnings when a site has been flagged — a meaningful protection layer for non-technical users. In 2024, Phantom raised over $150M in funding and has continued to expand chain support and improve mobile performance. The Phantom mobile app is consistently rated the best crypto wallet app on iOS and Android by Solana users.

Phantom Pros & Cons

Pros

✓ Best Solana wallet UX — handles compressed NFTs, staking, and DeFi seamlessly
✓ 15M+ users means broadest dApp compatibility in the Solana ecosystem
✓ Multichain (Solana, Ethereum, Base, Bitcoin) from a single seed phrase
✓ Active phishing protection blocklist reduces risk for non-technical users
✓ Best-in-class mobile app on iOS and Android with full feature parity

Cons

✗ 0.85% swap fee is higher than using Jupiter directly
✗ EVM support is functional but less mature than dedicated EVM wallets like Rabby
✗ Not open source — code is proprietary unlike Solflare or Trust Wallet
✗ Solana-centric team means EVM feature updates can lag behind MetaMask
✗ No multi-sig support for team treasury management

Phantom Pricing (2026)

Phantom offers a free plan.

Phantom

Free

✓Solana + Ethereum + Base + Bitcoin
✓Built-in swap (0.85% fee)
✓NFT gallery
✓Staking
✓dApp browser
✓Hardware wallet support

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Phantom Features

Feature	Phantom
Self Custody	✓
Hardware Wallet Support	✓
Evm Chains	✓
Non Evm Chains	✓
Mobile App	✓
Browser Extension	✓
In App Swap	✓
Nft Support	✓
Snaps Extensibility	✗
Multi Sig	✗

Frequently Asked Questions

Is Phantom free?

Yes, Phantom has a free plan.

What is Phantom used for?

Phantom is used for the most popular solana wallet, now multichain with bitcoin, ethereum, and base support. It's primarily used by Web3 teams in the Crypto Wallets category.

What are the best alternatives to Phantom?

See our full alternatives comparison at web3tools.directory/alternatives/phantom.

How does Phantom compare to other crypto wallets tools?

Phantom has a rating of 4.6/5 based on 4820 reviews. Key strength: Best Solana wallet UX — handles compressed NFTs, staking, and DeFi seamlessly. Main limitation: 0.85% swap fee is higher than using Jupiter directly.

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