It’s game time on Phantom 🏈
Open → Predict → Sports → Football https://t.co/oOOTkQECcF
3.8/ 5
Our score
Good
Custody
Self-custodial
Chains
Solana
Platforms
iOSAndroidChromeFirefox+2
In-app swaps
Yes
Hardware wallet support
Yes
What is Phantom?
Phantom is a self-custodial wallet and trading app for Solana, Ethereum, Bitcoin, Base and Polygon. It has more than 20 million users. The app combines asset storage with swaps, prediction markets, perpetuals, payments and developer tools.
Company and funding
Phantom was founded in January 2021 by Brandon Millman, Francesco Agosti and Chris Kalani. Millman is CEO and co-founder; he previously worked as a senior engineer at Twitter and helped build the 0x decentralized exchange. Agosti is CTO and co-founder, while Kalani is CPO and co-founder. Both previously worked at 0x. The company is headquartered in San Francisco and has a team of more than 100 people. Its Series C raised $150 million in January 2025 at a $3 billion valuation. Sequoia Capital and Paradigm led the round, with participation from a16z crypto and Variant.
How the wallet works
The wallet is self-custodial, so Phantom says it does not have access to customer funds. It is available as a browser extension and as iOS and Android apps. They can also trade through the app's markets. Phantom offers a prepaid Visa card issued by Lead Bank, with Bridge Ventures as program manager.
Phantom Connect gives developers embedded wallets with Google or Apple sign-in, alongside connections to existing browser-extension wallets. Embedded wallets currently fully support Solana. Ethereum, Base and Polygon support for embedded wallets is planned. The Phantom MCP Server lets AI agents sign transactions and transfer tokens. It also supports cross-chain swaps and access to Hyperliquid perpetuals.
Fees and availability
The MCP Server documentation states that Phantom charges no transaction fees or platform fees for that product, and charges no swap commissions. The general wallet's swap costs and network fees can vary by transaction, while market pricing can affect the transaction. The card may have fees. Phantom is not for UK users.
Track record and risks
Phantom launched its in-app token swapper in June 2021 and raised $9 million in Series A funding in July 2021. It reported 15M+ users in January 2025, alongside about $25 billion in self-custodied assets. The website reported more than 20 million users on October 17, 2026. Sui support was deprecated in September 2026, and Monad support has also been deprecated.
Self-custody leaves seed-phrase loss and phishing risks with the wallet holder. Browser extensions can be exposed to malicious sites or vulnerabilities, while built-in swaps can add fees or price impact through transaction routing. Perpetuals add liquidation and market risks. The card introduces Lead Bank and Bridge as additional service providers.
Founders
Brandon MillmanCEO and co-founder
Previously a senior engineer at Twitter and helped build the decentralized exchange 0x.
Francesco AgostiCTO and co-founder
Previously worked at 0x.
Chris KalaniCPO and co-founder
Previously worked at 0x.
Best for:Solana and multichain usersMobile wallet usersOn-chain tradersDevelopers building embedded wallets
Pros and cons
Pros
- 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
- Built-in swaps, perps and prediction markets
- Scam detection flags malicious transactions
Cons
- 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
Our review
3.8/5
Good
Phantom combines broad chain support with trading tools, but its self-custody model leaves recovery responsibility to the user.
Phantom is a self-custodial wallet available as a browser extension, iOS app and Android app. The company says it has more than 20 million users as of October 2026, and its current wallet documentation supports Solana, Ethereum, Bitcoin, Base and Polygon. Support for Monad and Sui has been deprecated.
Users can swap tokens and access decentralized applications. Phantom says its perps product has passed $50 billion in volume and 192,000 traders as of October 15, 2026. The wallet also supports Ledger connections and scam detection that flags malicious transactions.
Phantom is self-custodial, so the company says it cannot access user funds. A lost recovery phrase can therefore leave assets inaccessible, while a compromised browser extension can expose signing activity.
It was founded in 2021 by Brandon Millman, Francesco Agosti and Chris Kalani. Millman previously worked as a senior engineer at Twitter and helped build 0x; Agosti and Kalani also worked at 0x. Sequoia Capital and Paradigm co-led its $150 million Series C in January 2025 at a $3 billion valuation, with participation from a16z crypto and Variant.
The wallet supports Solana, Ethereum, Bitcoin, Base and Polygon, with Ledger connections and integrated trading. Its developer products also support embedded wallets and Google or Apple login. Phantom Connect fully supports Solana, while EVM embedded-wallet support is planned.
Specs
| Wallet type | Mobile, Browser extension · unverified |
|---|---|
| Custody | Self-custodial |
| Chains | Solana |
| Platforms | iOS, Android, Chrome, Firefox, Edge, Brave |
| Hardware wallet support | Yes · unverified |
| In-app swaps | Yes · unverified |
| NFT support | Yes · unverified |
| Buy crypto in app | Yes · unverified |
| Security features | Scam detection, Transaction warnings, Spending limits · unverified |
| Built-in dApp browser | Yes · unverified |
| Perpetuals trading | Yes · unverified |
Not disclosed by the provider: KYC required, Open source, Staking, WalletConnect, Recovery without a seed phrase, Passkey login, Multisig, Swap fee.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Multichain wallet
Supports Solana, Ethereum, Bitcoin, Base and Polygon through browser, iOS and Android apps.
In-app swaps
Users can swap supported tokens inside Phantom.
Perpetuals trading
Phantom offers perpetuals, including Hyperliquid-based trading, and reported $50B in perps volume on October 15, 2026.
Prediction markets
The app provides access to prediction-market contracts alongside spot crypto trading.
Scam detection
Phantom flags malicious transactions and provides transaction warnings before signing.
Hardware connection
The wallet can connect to Ledger hardware wallets for an additional signing device.
Embedded wallets
Phantom Connect creates app-managed wallets with Google or Apple sign-in, with full embedded-wallet support currently on Solana.
AI agent wallet
The MCP Server lets AI agents sign transactions, transfer tokens and swap across supported networks.
Inside Phantom
Trading
The Trading area covers token buying and selling, trending tokens, top traders and app discovery. It also includes Prediction Markets and Perps, while Terminal provides desktop trading tools.
Move Money
Move Money covers sending crypto and paying friends. Phantom also describes spending through Apple Pay, Google Pay or Visa acceptance, including its prepaid debit Visa Card.
Your security
Phantom presents self-custody as the wallet's security model and says it cannot access user funds. Scam detection flags malicious transactions, and Ledger can be connected for hardware-wallet storage.
Phantom Connect
Phantom Connect is a developer SDK suite for embedded wallets and existing extension-wallet connections. It supports Google or Apple social login, with full embedded-wallet support currently available for Solana.
Phantom MCP Server
The MCP Server gives AI agents access to wallet actions such as signing transactions and transferring tokens. It also supports cross-chain swaps and Hyperliquid perpetuals trading. Its documentation states that the server charges no transaction fees or platform fees, and no swap commissions.
Phantom Card
The Phantom Card is a prepaid debit Visa Card issued by Lead Bank, with Bridge Ventures LLC as program manager and Phantom as platform provider. The website says fees may apply and applicants must be at least 18.
Phantom screenshots
What users say about Phantom
Reported problems include transfers and withdrawals getting stuck, funds not showing, and support that is slow or generic, along with a few complaints about token display.
In their own words
“Pending 2 hours the money is out of my account though What should I do to process it or cancel it”
“Does anyone know how to fix this? Ive been trying to take my money out of phantom for 2 days and ive been stuck on this screen for hours at a time any fixes?”
“BTC confirmed to my Phantom Native SegWit address but not showing in Bitcoin balance/transactions [removed]”
“Cannot withdraw funds from Phantom app - Support is giving me the runaround [removed]”
“Phantom customer service is ignoring me. They won't load my balance with a tx that is marked as COMPLETE [removed]”
“SOL to SUI bridge fails - can’t transfer, swap or sell SUI. Does anyone work at Phantom support?!? [removed]”
Scam warning: Leaked private keys and bots have drained funds from compromised wallets
Based on 100 Reddit posts and comments, 86 X replies from the last 12 months, checked Oct 17, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Phantom? Share your experience below.
Funding and investors
$159MTotal raised
5Rounds
12Investors
-
Series C Jan 2025 $150M
-
Series B Jan 2022 $109M
-
Series A Jul 2021 $9M
-
Series A Jul 2021 $9MSource
-
Funding round Amount undisclosed
FAQ
Who founded Phantom?
Phantom was founded in 2021 by Brandon Millman, Francesco Agosti and Chris Kalani. Millman previously worked as a senior engineer at Twitter and helped build 0x; Agosti and Kalani also worked at 0x.
Does Phantom charge wallet or swap fees?
The MCP Server charges no transaction fees, platform fees or swap commissions. General wallet swaps may have transaction, network or market-related costs. Fees may apply to the Phantom Card.
Is Phantom available on mobile?
Yes. Phantom is available as an iOS app and an Android app, as well as a browser extension for Chrome, Firefox, Edge and Brave.
What chains does Phantom support?
Phantom currently supports Solana, Ethereum, Bitcoin, Base and Polygon. Support for Monad and Sui has been deprecated.
Is Phantom self-custodial?
Yes, Phantom is self-custodial and says it does not have access to user funds. Users can connect a Ledger hardware wallet, and Phantom includes scam detection for malicious transactions.
Does Phantom support perpetuals trading?
Yes. Phantom offers perpetuals trading, and its perps product reported more than $50 billion in volume and 192,000 traders on October 15, 2026.
Latest from Phantom on X
ready for upvember https://t.co/KeC3m1nX8R
Charts are down, but US predictions on Phantom are up.
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Got any predictions for the weekend? https://t.co/fGI25pNXmM
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Trade together 🤝 Earn together 💸
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Get 25% of your friend’s trading fees when you share your ref link.
They get 10% off, too. https://t.co/44kzlgO1GA
Recent public posts from @phantom, shown as published. Not reviewed or endorsed by CryptoReview.
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