To smoothly engage with MEME, you must master the operation tutorial of the Phantom wallet
The Phantom wallet is a non-custodial, multi-chain, and NFT trading multifunctional digital wallet, particularly popular on the Solana chain. Currently, the Phantom wallet supports five chains: Solana, Bitcoin, Ethereum, Polygon, Base, etc. The ease of use, speed, and security of the Phantom wallet make it the preferred choice for most people to engage with meme coins and NFTs.
I. How to download the Phantom wallet?
The Phantom wallet can be downloaded on multiple platforms. First, visit the Phantom official website (https://phantom.app/) and click the download button. It currently supports four browsers, so you just need to select the plugin version for your browser and wait for the installation to finish, then you can use the wallet directly in the browser. The Phantom wallet also has iOS and Android versions. You need to visit the App Store or Google Play and search for 'Phantom Wallet' to download and install it.
After downloading, open the Phantom wallet application or browser extension.
(1) Click 'Create Wallet', you can now use email and create a decentralized wallet.
① After creating it with an email, you no longer need to remember the mnemonic phrase and private key; just set a 4-digit PIN code.
② Create a decentralized wallet, and be sure to write down and securely store the mnemonic phrase displayed on the mnemonic page, which is crucial for recovering our wallet. Additionally, set a secure password to encrypt the local wallet file.
(2) After completing the password and mnemonic phrase setup, the wallet will be successfully created.
II. How to import an existing wallet and find the mnemonic phrase and private key
After creating a new wallet, if you already have a mnemonic phrase or private key from a Phantom wallet, you can import the wallet now.
Open the Phantom wallet application or extension. Click the circle in the upper left corner, click the '+' sign on the left. Choose to import the recovery phrase or click to import the private key.
First, name the imported wallet, then enter the corresponding mnemonic phrase or private key. After importing, the assets from the previous wallet will sync.
Some may ask, I have already created a wallet, but I can't find my mnemonic phrase. However, my wallet is still in the extension. How can I view my mnemonic phrase and private key?
The Phantom wallet does not directly display your mnemonic phrase and private key, but you can find the backup option for the mnemonic phrase in the wallet settings. Note that the mnemonic phrase and private key are very important; if lost, funds cannot be recovered.
(1) Open the Phantom wallet and click the circle in the upper right corner. Select 'Settings' at the bottom of the left sidebar.
(2) Click 'Manage Accounts', then click the six small dots in the upper right corner. Select 'Show Recovery Phrase' or 'Show Private Key'.
(3) Enter the password as prompted, then the mnemonic phrase will be displayed.
Important reminder: Be sure to keep your mnemonic phrase and private key secure and avoid disclosing them to others.
III. How to recharge and withdraw tokens
(1) How to recharge
Now that the wallet has been created, how should I recharge it? The Phantom wallet supports recharging through multiple methods, including direct transfers from exchanges or using other wallets.
Open the Phantom wallet and click 'Receive'. Here we can see that there are five chains. The advantage of the Phantom wallet is that no matter what asset you recharge, as long as you select the correct chain, it will be credited to your account.
The first method is to withdraw coins from an exchange; we can directly open the QR code to scan for withdrawals.
The second method is to transfer between wallets; you can click on the wallet address behind to transfer assets between wallets.
(2) How to withdraw?
To withdraw funds or transfer to another wallet, you can follow the steps below:
Open the Phantom wallet.
Select the 'Assets' page and find the token you want to withdraw.
Click on the token and select 'Send'.
Enter the target address (the wallet address you want to transfer to) and enter the amount.
Confirm the transfer information and enter your password to confirm.
IV. How to purchase meme coins through the Phantom wallet
1. Directly purchase meme tokens in the Phantom wallet; click the swap arrow below. Select the Sol token above and the meme token below, and you can directly search for the contract address of the meme coin you want to buy in the search bar. If you still don't know how to find the contract address of the meme token, you can watch our complete tutorials on CoinMarketCap and CoinGecko. Purchasing within the wallet has limitations for buying coins, filtering popular coins, and observing coin trends, so we recommend purchasing through the platform website. The next step is to use common tools like GMGN for engaging with MEME assets on-chain.
2. Purchase meme tokens through the gmgn.ai website. Click the link wallet in the upper right corner, follow the steps to select the Sol token above and the meme token you want to purchase below. Click 'Swap' to make the purchase directly.
V. How to cancel a chain protocol?
When you haven't used a chain protocol in your wallet for a long time, you can cancel it through the wallet. Click the small circle in the upper left corner of the wallet, click 'Settings'. You can find the list of 'Connected Websites' or 'Authorized Apps' in the Phantom wallet's settings and click to revoke authorization.
Whether you are a beginner or an experienced crypto user, the Phantom wallet is a worthwhile option to try.
