Gem Wallet vs Phantom

How Gem Wallet vs Phantom compare on our ratings, wallet specs, funding, pros and cons.

VS
Phantom3.8/5
Feature
Ratings
Our score4.6/53.8/5
User ratingNo reviews yetNo reviews yet
Security4.53.5
Ease of use4.54.0
Chain support5.04.0
Features4.04.5
Privacy5.03.0
Specs
KYC required NoNot disclosed
Wallet typeMobileMobile, Browser extension
CustodySelf-custodialSelf-custodial
ChainsEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Sui, Aptos, TON, Tron, Hyperliquid, Cosmos, OtherSolana
PlatformsiOS, AndroidiOS, Android, Chrome, Firefox, Edge, Brave
Open source YesNot disclosed
Hardware wallet supportNot disclosed Yes
In-app swaps Yes Yes
Staking YesNot disclosed
NFT support Yes Yes
Buy crypto in app Yes Yes
Security featuresBiometric authentication, 12-word seed phrase backup, Apple Keychain integration, Google Tink encryptionScam detection, Transaction warnings, Spending limits
Recovery without a seed phrase NoNot disclosed
Built-in dApp browser Yes Yes
Swap fee0.5%Not disclosed
Perpetuals tradingNot disclosed Yes
Company
Founded20232021
HeadquartersUnited Arab EmiratesUnited States
InvestorsNot disclosedParadigm, Sequoia Capital, Variant, a16z crypto +8
Strengths and weaknesses
Pros
  • Fully open-source mobile application audited by CertiK in April 2026
  • Requires no account creation, email address, or identity verification
  • Supports over 100 distinct blockchains within a single interface
  • Integrated DEX aggregator compares routes across 23 swap providers
  • Self-custodial custody across five supported networks
  • Available on iOS, Android and four browsers: Chrome, Firefox, Edge and Brave
  • 20M+ users reported on October 17, 2026
  • Ledger connection adds hardware-wallet support
Cons
  • No desktop client or web browser extension available
  • Swaps carry a 0.5% fee in addition to standard network costs
  • No social recovery alternative for the seed phrase
  • Seed-phrase loss can permanently block access
  • Sui and Monad support have been deprecated
  • Not available to UK users
  • Perpetuals add liquidation and market risk
Best forMobile multichain crypto management, Privacy-focused self-custody, Direct cross-chain swaps without exchangesSolana and multichain users, Mobile wallet users, On-chain traders

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