Phantom Review (September 2026)
Verdict: Solana users who also hold some ETH or BTC.
Phantom launched in 2021 as a Solana wallet and now also supports Ethereum, Bitcoin, Base, Polygon, Sui and Monad.
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Security
- Recovery phrase backup: yes
- PIN protection: no
- Passphrase (25th word): no
- Secure element chip: no
- Open-source code: no
- Multisig support: no
- Biometric unlock: yes
- Two-factor authentication: no
Features
- Built-in swap / buy: yes
- Staking: yes
- NFTs: yes
- DeFi / dApps: yes
- Browser extension: yes
- Mobile app: yes
- Desktop app: no
- Hardware wallet signing: yes
Networks: Solana, Ethereum, Bitcoin, Base, Polygon, Sui, Monad
Ease of use (editorial): 9/10
Pros and cons
Pros
- Clean, fast interface
- Multi-chain, including Bitcoin
- Built-in NFT gallery and SOL staking
- Ledger support for signing
Cons
- Closed-source
- A hot wallet: keys live on an internet-connected device
- Support is mostly self-serve
Phantom vs Coinbase Wallet
| Feature | Phantom | Coinbase Wallet |
|---|---|---|
| Type | Software | Software |
| Status | Current | Current |
| Price | Free | Free |
| Assets | Tokens on Solana, EVM chains, Bitcoin and Sui | Tokens on Bitcoin, Solana and 10+ EVM networks |
| Open source | No | No |
| Secure element | No (software wallet) | No (software wallet) |
| Connectivity | Phone / computer | Phone / computer |
| Screen | Your phone or computer | Your phone or computer |
| Backup | Recovery phrase | Recovery phrase |
| Passphrase support | No | No |
| Multisig | No | No |
| Staking | Yes | No |
| DeFi / dApps | Yes | Yes |
| Mobile app | Yes | Yes |
| Desktop app | No | No |
| Browser extension | Yes | Yes |
| Ease of use (editorial) | 9/10 | 9/10 |
| Best for | Solana users who also hold some ETH or BTC. | Coinbase customers taking their first step into self-custody on Base. |
Shaded rows differ. Read the full Coinbase Wallet review.
Phantom FAQ
Is Phantom safe?
Phantom is a software wallet with a recovery-phrase backup. Its code is not fully open source, so you rely more on the company. As a hot wallet it is best for spending money; keep savings on a hardware wallet.
How much does Phantom cost?
Phantom is free to download. Swaps and purchases inside the app include provider fees or spreads, and network fees apply to every transaction.
Which coins does Phantom support?
Tokens on Solana, EVM chains, Bitcoin and Sui, including networks such as Solana, Ethereum, Bitcoin, Base and Polygon. Check the official supported-assets list before sending a coin.
Sources
Facts on this page were checked on against these public pages. Fees and product lineups change often; always confirm on the provider's own site.
Reader reviews
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Information only, not financial advice. Facts checked Sep 23, 2026. New to self-custody? Read crypto wallets explained.