You will then get 12 keywords. Successful wallet creation. Function for copying wallet addresses. Phantom supports all tokens built on the SPL standard, which includes all assets that run on the Solana blockchain. Moreover, where the Solana blockchain network is designed to handle transactions fast, Phantom wallet is the place to store your tokens. At the bottom of the mobile screen, you will be able to see multiple options, including Home, Markets, Trade, Wallet, and User. Use the search bar on the top right-hand side to navigate to the RLB/USDC market. With a valuation of $1.2B and 2 million active monthly users, Phantom is considered the market leader among Solana-based wallets. The main reason for this is that Phantom is connected to smart contracts and runs autonomously. This is to avoid sending your funds to an unknown or nonexistant wallet. You can then select the number of coins you want to send and click 'Send' (note that a small amount of SOL will be needed to cover the transaction fee). In this Phantom Wallet tutorial, I show you how to send, receive, stake and swap on the Solana blockchain. Lets explore some of them. Get into the SOL balance on the platform. Based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Now you can do all sorts of DeFi and NFT activities with your web3 wallet. Phantom is a self-custodial wallet. Here in this read, you will learn the way to withdraw SOL tokens from thePhantom Wallet. Below are the necessary steps for Binance: Next, go back to your Phantom wallet, enter your password to log in, and find your USDC funds. Then, you can exchange those tokens for fiat money (USD) by launching another DApp like Raydium. Last modified 2d ago. After selecting the wallet address range. How to cash out from Phantom Wallet? In other words, tokens or NFTs that are using Phantom are backed by the SPL protocol which can be compared with the Ethereum ERC-20 tokens. Again, when you want to withdraw money from Phantom wallet by starting a money transfer process, you need to send your funds elsewhere. Go to either https://trade.mango.markets/ or https://magiceden.io/, whichever you prefer. More information on how to use Binance P2P portal here. Double-check if every info is correct, especially the wallet address, then hit Send now. For instance, if you are living in the European Union Area you can withdraw EURO instantly. Additionally, Phantom wallet acts as a simple browser extension(Chrome, Brave, or Firefox) and therefore turns your browser into a crypto wallet. With this in mind, the Phantom wallet is one of the available tools on Solana to use. Additionally, you can use the exact same procedure for money withdrawals to Coinbase as well. Will appear two functions, Send from Wallet / Exchange: Receive from a wallet or exchange such as Binance, Deposit from FTX: Send from the FTX exchange, a window of the FTX exchange will open. Once withdrawn, the funds will be sent to your wallet and appear in your balance after the transaction has confirmed (typically less than 10 seconds). To buy RLB on Dexlab, you'll need some USDC and at least 0.03 SOL to place an order. This guide serves as your full resource on how to create a Phantom wallet, how to put funds in it, how to use it on applications, and everything else. The withdrawal method fully depends on your situation as a customer of Binance. After copying the Phantom wallet address, go to Binance exchange and paste the address under the Withdraw option. From there, click on the ' Dapper Balance ' button. Phantom is a digital wallet reimagined for DeFi, making it safe On top of that, you can use this link to open a free account at Binance. Do not share this key phrase with anyone or lose this key phrase as if you lost your wallet. Search for the token name on Solana explorer and copy the token mint address. Go to the 'Deposit' button, then select 'Withdrawals' and choose 'Rollbit Coin (RLB)'. To get started with Dexlab, you'll first have to connect your wallet and have a balance of at least 0.03 SOL in your Phantom wallet to place orders. You push. 3) Complete your withdrawal request Your balances will be then displayed on Dexlab. Withdraw USDT via the SOL network to Phantom Wallet. At the moment, banks cant deal with decentralized technology or non-custodial wallets. In order to withdraw cryptocurrencies from your Kraken account, you must first add and confirm the withdrawal address. This is the preferred crypto wallet for most Solana traders. In the Phantom wallet, select RLB, click 'Send' and paste the deposit address from Rollbit into the 'Recipient's RLB Address' field. You'll then be able to send RLB to exchanges. From personal experience with this wallet, I feel that I can use the phantom wallet which can incorporate the swap function available in the wallet, moreover, the wallet functions are very complete and easy to use in the same application. On top of that, the Phantom wallet is using a decentralized environment and you(the user) are in full control of all assets. Remember that Phantom can store all kinds of SPL tokens where USDC is just one of them. 2. Second, it is a self-custodial wallet, which means that your private keys are encrypted and stored on your device, not by Phantom. Disclosure: This post could contain affiliate links. Search for USDC and on it, click Withdraw to the right. Phantom doesnt track any personal identifiable information, your account addresses, or asset balances. Select the amount you want to withdraw. Create an account to follow your favorite communities and start taking part in conversations. Log in to your Binance account and click [Wallet] - [Overview] - [Transaction History] to view your cryptocurrency withdrawal record. In case you have not installed the Phantom browser extension then you can easily find and add it on your Chrome, Edge, Brave, and Internet Explorer browser by visiting the Phantom.com/download webpage. Once completed, your fiat balance will appear in your dashboard. Once the token is added to your wallet drop down the token, click receive and navigate to ERC20 tab. Coinbase maybe, or e transfer is quicker imo. Withdrawal hold Certain deposits, such as first time ACH purchases, debit or credit card purchases or digital wallet purchases will trigger a temporary (72 hour) withdrawal hold on the account, for security purposes. After you have saved your wallet, go back to step 4. Enjoy your profits and dont forget to share this guide if it was helpful . Phantom makes it safe & easy for you to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain. Please contact the moderators of this subreddit if you have any questions or concerns. This means I may make a small commission if you make a purchase. 2021 COINCU Financial Group Inc. With a Mexican-themed design and up to 10000x Max Win, Muertos Multiplier Megaways is sure to satisfy every player's craving for a big win. You can also get a higher RLB payout by being one of the first 100 people to complete the challenge (with each challenge released at 00:00 UTC for every day in December). located on the top right corner of the webpage. Each bet slip with a stake over $5 containing an NFL Playoff game will be allocated a number and 10 winners will be drawn after the conclusion of the Super Bowl. Save my name, email, and website in this browser for the next time I comment. Need to reach us? This doesnt cost you any more but it does help me to continue publishing cool and actual content about Bitcoin & Crypto Thank you for your support! The same process goes for every other token, but make sure they are Solana-based tokens as thats what Phantom currently supports. The next step will be to sell your SOL funds for money like USD, GBP, or another currency. The Phantom Wallet has a simple design, with a durable construction that makes it perfect for everyday use. Afterward, Click on Withdraw, which will direct you to the withdrawal page. Click on the Add to Chrome button on the chrome extensions page. Sure, its also possible to use Coinbase for USDC withdrawals from Phantom. Phantom is designed to store your private keys, which are necessary to access your funds across the blockchain. Then log in to your Binance account and buy SOL, or any other Solana-based tokens by clicking on Trade Spot. It also allows you to transfer your digital assets to a hardware wallet. We can copy the detailed wallet address below with 44 characters: Solana Coin (SOL) receive and send function. If you are having trouble unstaking or withdrawing your SOL it could be for the following reasons: You don't have enough SOL in your wallet to pay for the transaction. Go to the Phantom website and click on the Create a Wallet button. Remember, this phrase is extremely important as it is the only thing that could recover your account in case something happens to your device. To start browsing on the Solana ecosystem Phantom supports you with the following functionalities: Probably you are already using Phantom on a daily basis and are familiar with the functionalities mentioned above. USDC doesnt have a fiat trading pair on Binance. At the moment, banks cant deal with decentralized technology or non-custodial wallets. Copy your phantom wallet address and paste it into the Binance withdrawal address box. Step 3: Securely back up your 12-word recovery phrase. If your wallet does not have an address on the whitelist in your Binance account, a message will be displayed as follows. It is located in the upper right-hand corner. It took 2 minutes for us to receive SOL on our Phantom Wallet. Ever. Once you've clicked on 'Request Withdrawal', a notification will pop up and the network fee will be deducted from your account balance. Obtain the USDC withdrawal address on your Phantom Wallet. The Process to Withdraw SOL from Phantom Wallet. Definitely yes! It is arguably one of the most secure crypto wallets out there. I am a bot, and this action was performed automatically. Phantom can be used on mobile and PC with the help of its mobile app or browser extension. Please help. Do More With Your Crypto - Instant transactions with super low fees - A beautiful home for your NFTs and tokens - Use all your favorite Solana dapps . For instance, if you want to buy SOL with BTC, click on the SOL/BTC pair. ).Logging into Mango with PhantomLogging into Magic Eden with Phantom. However, to accomplish this an additional verification step is required. All you have to do is head over to the webpage of any supported application. 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