A Guide for Web3 Beginners - The Most Detailed Operation Guide for SOL Phantom Blockchain Wallet.md#
Blockchain - Wallet#
Taking Phantom Wallet as an Example#
1. Introduction to Phantom Wallet#
- Applicable Scenarios
- Primarily supports Solana (SOL) blockchain, compatible with Ethereum (ETH) and Polygon (MATIC) assets.
- Used for storing tokens, NFTs, staking SOL tokens, and connecting to DApps in the Solana ecosystem (e.g., Magic Eden, Raydium).
- Core Advantages
- Simple and intuitive interface, supports seamless multi-chain switching.
- Built-in token swap, NFT display, and staking features.
- Provides browser plugin and mobile app support (compatible with iOS and Android systems).
2. Installation and Setup#
Step 1: Download Phantom
- Browser Plugin (recommended to use Chrome or Brave browser):
- Visit the official website phantom.app, click “Download” → select the corresponding browser for installation.
- Important Note: Only download from the official website to avoid using counterfeit extensions.
- Mobile:
Search for “Phantom: Crypto Wallet” in the App Store or Google Play Store and install it.
Step 2: Create a New Wallet
- Launch the Phantom app and click “Create New Wallet”.
- Set a custom wallet name and a secure password (at least 8 characters, must include letters and numbers).
- Backup Mnemonic Phrase:
- The system automatically generates 12 English words, write them down in order on a physical medium (do not take screenshots or store online).
- Complete the word order verification process to ensure successful backup.
Step 3 (Optional): Import Existing Wallet
- If you already have a Solana wallet, you can import it using the private key or mnemonic phrase:
Click “Import Existing Wallet” → enter the mnemonic phrase or private key information.
3. Basic Operation Guide#
1. Receive Assets
- Click the “Receive” button on the wallet home page.
- Copy your Solana Address (format starts with
SOL
, e.g.,SOLabc...xyz
) or Ethereum Address (switch to ETH network and it starts with0x
). - Provide this address to the sender (e.g., in the exchange withdrawal interface).
2. Send Assets
- Click “Send” → enter the recipient's address and transfer amount.
- Select Network:
- Ensure the network is set to Solana when sending SOL.
- Switch to Ethereum network when sending ETH.
- Confirm the fee information (Solana network fees are usually less than $0.01).
- After verifying the address, click “Confirm” to complete the transaction.
3. Add Tokens/NFTs
- Tokens:
Click “Tokens” → “+” → search for the token name (e.g., USDC) → click “Add”. - NFTs:
NFT assets automatically display in the “Collectibles” tab, no manual addition is required.
4. Advanced Features#
1. Multi-Chain Switching
- Click the network icon at the top (default shows Solana).
- Select Ethereum or Polygon to manage assets on the corresponding chain.
- After switching networks, the wallet address will change accordingly (e.g., ETH address starts with
0x
).
- After switching networks, the wallet address will change accordingly (e.g., ETH address starts with
2. Token Swap
- Click “Swap” → select the token pair to swap (e.g., SOL to USDC).
- Set the slippage tolerance parameter (default 1%, to prevent transaction failure).
- Confirm the exchange rate and fees before executing the swap.
3. Stake SOL
- Click “Earn” → “Start Earning”.
- Choose a validator node (recommended low commission rate and reputable nodes).
- Enter the staking amount → confirm the transaction, earnings update daily.
4. Connect DApp (using Magic Eden as an example)
- Visit magiceden.io, click “Connect Wallet”.
- Select Phantom → click “Connect” in the pop-up to complete authorization.
- When purchasing NFTs, Phantom will automatically pop up a transaction confirmation window.
5. Security Settings#
1. Basic Protection
- Mnemonic Phrase/Private Key:
- Store securely offline, never disclose to others (Phantom will not ask for it).
- It is recommended to use a metal mnemonic board (e.g., Billfodl) to prevent fire and corrosion.
- Wallet Password:
Regularly update the password and avoid reusing it on other platforms.
2. Anti-Phishing Strategies
- Domain Verification:
Ensure the DApp URL you are visiting is accurate (e.g.,magiceden.io
notmag1ceden.com
). - Transaction Confirmation:
Carefully check the address and amount in the pop-up before signing the transaction to prevent malicious contracts from stealing assets.
3. Enable Privacy Mode
- Turn on the “Hide Personal Data” feature in Phantom settings to prevent sensitive information from being leaked through screenshots.
6. Frequently Asked Questions#
- Why did the transaction fail?
- If the Solana network is congested, try increasing the priority fee or retry later.
- Insufficient balance to pay fees, ensure to reserve at least 0.02 SOL as buffer funds.
- How to recover the wallet?
- Install Phantom on a new device → click “Import Existing Wallet” → enter the mnemonic phrase.
- Does it support hardware wallets?
- Supports connection with Ledger hardware wallets, select “Connect Hardware Wallet” in settings for enhanced security.
Blockchain - Virtual Currency#
Categories#
Type | Features | Examples |
---|---|---|
Bitcoin | The first cryptocurrency, digital gold | BTC |
Ethereum | Smart contract platform | ETH |
Stablecoin | Pegged 1:1 to fiat currency | USDT, USDC |
Platform Token | Exchange ecosystem tokens | BNB (Binance), OKB (OKX) |
DeFi Token | Tokens for decentralized finance applications | UNI (Uniswap), AAVE |
NFT | Non-fungible tokens (art, etc.) | CryptoPunks |
Meme Coin | Community culture-driven, highly volatile | DOGE, SHIBA |
USDT vs USDC#
1. Core Differences
USDT | USDC | |
---|---|---|
Issuer | Tether Ltd. | Circle (regulated) |
Transparency | Reserve audits not public | Monthly public audit reports |
Chain Support | Multi-chain (ERC20/TRC20, etc.) | Mainstream chains (ERC20/Solana, etc.) |
2. Use Cases
- Transfers: Choose the corresponding chain when withdrawing from exchanges (e.g., ERC20 requires ETH for gas fees).
- Trading: Exchange for BTC or ETH on exchanges to avoid price volatility risks.
- Hedging: Convert to USDT or USDC during market downturns to preserve asset value.
⚠️ Note: Cross-chain transfers require confirmation that the other party supports the same chain, or assets may be permanently lost!
Beginner's Essential Tips#
- Small Amount Testing: For first-time operations, it is recommended to use $10 for testing and familiarize yourself with the process.
- Download Phantom and create a wallet (practice the backup process).
- Purchase $10 USDT on an exchange (choose the Solana chain, other products need to pay attention to chain compatibility, such as ERC20, TRC20, BEP20, etc.), and withdraw to the wallet.
- Try using USDT to exchange for a small amount of Solana (or other cryptocurrencies) on the exchange to experience the complete process.
- Learn Gas Fees: Fees may be higher during Solana network congestion; choose the timing to save costs.
- Beware of Scams: Do not trust suspicious information such as “private message airdrops” or “official customer service private messages”.
- Backup Double Insurance: Store the mnemonic phrase securely in two locations (e.g., at home and in a bank safe).
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