With a valuation of $1.2B and 2 million active monthly users, Phantom is considered the market leader among Solana-based wallets. More information on how to use Binance P2P portal here. But fret not, this wont take long. However, to accomplish this an additional verification step is required. If you have further questions you can also try to contact Binance support here. Now that you have set up a wallet with some SOL in it, the fun part begins. Stake, Convert, Borrow/Lending, Deposit, Withdraw, 5. If you already have a Sollet wallet, you can restore the wallet and select Use secret recovery phrase. The Phantom wallet is the Solana ecosystem's MetaMask counterpart because its primary goal is to greatly simplify the process of managing private keys for DeFi projects within the Solana network. How to do this? Once that is done, the card will ask for your credit or debit card details. The consent submitted will only be used for data processing originating from this website. to save this key phrase in another file. Phantom is a digital wallet reimagined for DeFi, making it safe This is the secret key phrase to restore the wallet. Once thats done, click Withdraw, and your funds should be in Phantom in a minute. MODS or Community Managers will NEVER DM you first regarding your funds/wallet. Phantom has made its name as the popular Solana blockchain crypto wallet. Even got multiple hardware wallets connected, which is something even metamask hasn't been able to achieve yet. and whitelist. Select the browser on which you want to download the Phantom wallet. Phantom doesnt track any personal identifiable information, your account addresses, or asset balances. Since you are going to transfer SOL from FTX to Phantom Wallet, you need to click on Withdraw. Open KuCoin and scroll down to find the log-in button. Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. A crypto wallet reimagined for DeFi & NFTs. Phantom Wallet Tutorial: How to Send, Receive, Stake & Swap on Solana Every Bit Helps 146K subscribers Subscribe 2.1K Share 169K views 1 year ago Cryptocurrency Wallets - Reviews & Tutorials. All you need to do is purchase some Solana on Coinbase, and then withdraw it to your Phantom wallet address. You can also make use of a secured internet connection and do not use public WiFi networks. Think of it as your Phantom bible. 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. Also added tokens will not disappear even if the token balance is zero. This password is used to quickly unlock the wallet and sign transactions. Half of the staking fees to enter the lottery will be re-distributed to Rollbot holders, based on the rarity of the eye trait. Now that youve purchased SOL, its time to withdraw them to your Phantom wallet. Most withdrawals are processed in much lesser time than we estimate :) For security reasons, we store most funds in a cold wallet. We'll soon have RLB listed on major exchanges to improve liquidity and price discovery. Step 5: Select the coin amount to be withdrawn. Remember that crypto exchanges use custodian wallets for holding crypto and are subject to attack by hackers all the time. And click SelectFinished break up, Check the wallet one last time after creating it. However, we'd recommend waiting until the majority of supply has been fully distributed to Rollbot holders (~77% of total supply) before buying RLB. To. Select the specific cryptocurrency you are withdrawing with the currency selector. Its no surprise that some of the top whales in crypto are backing it. Available on iOS, Android, Chrome, Brave, and more! And voila! Remember, the interface might change slightly by the time you read this, but the functionalities will likely remain. Now open to anyone: https://t.co/Y3sK6rwkuN https://t.co/ouGDLZg7Dh, Absofriginlutely loving the @phantom wallet on Solana. 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. Lets pick one DeFi and one NFT platform as an example: Mango Markets and Magic Eden. And this is how you withdraw USDC from Phantom wallet! There are several ways to earn RLB on Rollbit: Complete the challenges to receive RLB rewards, which are doubled for those with a Rollbot linked to their profile. You can withdraw supported cryptocurrencies from the eToro trading platform to an external wallet via eToro Money, which is a mobile app available on both iOS and Android devices. As the plan we have is to swap Solana(SOL) for money you need to send your SOL funds from Phantom to Binance here. It is located in the upper right-hand corner. On top of that, Binance will send you a notification message when the USDC funds have reached their platform. If it's a sign of what's to come, Solana UX will dwarf Ethereum. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 2 months ago. EDIT: please answer in this thread, not by DM. We thought you could use some help and guidance with withdrawing money from your Phantom Wallet account. This doesnt mean that you shouldnt use Phantom. Now that you have a brand new wallet, its time to put some funds in it. You will land on your dashboard. Read this guide and learn how to withdraw USDC from Phantom wallet to your bank account! With this in mind, the Phantom wallet is one of the available tools on Solana to use. Then, you can go ahead and open your Phantom Wallet extension. The friendly crypto wallet for tokens, NFTs, and Defi on Solana. However, if you want to withdraw your funds through a withdrawal process, can you directly do it? So you can either swap it to USDC or send SOL to an exchange and sell it there (I'd do the latter as it's probably slightly more price efficient). Verify all information and confirm the transaction. A beautiful home for all your NFTs Earn SOL with a couple clicks Lightning fast swaps, super low fees Use all your favorite Solana apps Here in this read, you will learn the way to withdraw SOL tokens from thePhantom Wallet. You'll then be able to send RLB to exchanges. Need to reach us? I just . Get into the SOL balance on the platform. Besides supporting all cryptocurrencies and NFTs that run on Solana, Phantom boasts a ton of other worthwhile features. Successful wallet creation. We can copy the detailed wallet address below with 44 characters: Solana Coin (SOL) receive and send function. So, after a few minutes, click on the Withdrawals section. Open Phantom mobile app or browser extension, If required, provide login details to access the wallet account, Now, find and click the Solana Token Balance option, Choose the Your Stake Now option to proceed, Select the staking account from which you want to withdraw SOL, Now, find and click the Withdraw SOL option, Enter the SOL amount that you want to withdraw, Now, you need to provide the destination details, Make sure that the details are correct and click the Confirm button, Now, you have completed the SOL withdrawal process. After clicking on Withdraw, the Withdraw SOL window will appear. Create a password. Paste the withdrawal address on the platform of your choice. Manage Settings But before that, do not forget to check the network connection status on your computer or mobile. Again, when you want to withdraw money from Phantom wallet by starting a money transfer process, you need to send your funds elsewhere. Note: Scroll down and find the Derivation Path section if the coin or token is not on the options to choose from. I am a bot, and this action was performed automatically. Use the search bar on the top right-hand side to navigate to the RLB/USDC market. Click on your Solana token balance in your wallet Click the "Your Stake" row Choose the validator or staking account you wish to withdraw from Click "Withdraw Stake" Make sure you have enough SOL for gas (0.05 is enough for many transactions) otherwise your transaction will fail. To buy RLB on Dexlab, you'll need some USDC and at least 0.03 SOL to place an order. Next, you need to copy your SOL address, which can be found on the top area of the Phantom extension. At the moment, banks cant deal with decentralized technology or non-custodial wallets. By continue reading this guide you will get all the answers you are looking for regarding Phantom wallet: As mentioned earlier, Phantom wallet is supported by the Solana blockchain network and is one of the popular crypto wallets to use there. Lets go through the entire process one more time: And this is how you withdraw from Phantom wallet to bank account! Phantom is designed to store your private keys, which are necessary to access your funds across the blockchain. Enter the amount of SOL you wish to transfer. If you want to cash out USDC you need a third-party exchange like Binance or Coinbase. Finalize the withdrawal of funds from Phantom by giving the amount of SOL and approve the transaction. Join our newsletter as we build a community of AI and web3 pioneers. Generative VS AI-Generated Art: Whats the Difference? Particularly, Binance has the following fiat currency trading pairs for SOL available: If you need another currency to transfer your funds to a bank account you should sell your SOL for Bitcoin first. By default, you will not have the withdrawal password and 2FA verification enabled on your FTX account. Once you have entered the withdrawal password, you will need to enter the 2FA code. Start by copying the address from the app. Can the Metaverse Work Without Blockchain? As a result, its necessary to send your funds from Phantom to a major cryptocurrency exchange to cash out from crypto. Since we transferring SOL to Phantom Wallet, you need to tap on Withdraw. Physically record your recovery phrase and store them somewhere safe. First, you need to create an account on Coinbase or log in if you already have one. A Phantom wallet account can be created by following these steps: 1. Search for the Solana cryptocurrency, click on the withdraw button to the right in order to open the FTX interface that will allow us to transfer SOL to wallets, in this case, the deposit address of our Phantom wallet. Yes, Phantom is designed to be the decentralized wallet for the Solana blockchain network. An example of data being processed may be a unique identifier stored in a cookie. You can click on the 'Withdraw' button in the top menu bar. The Phantom Wallet provides SOL storage, transfers, staking, and exchange using the built-in exchange. All information in the article is from CoinCu itself and Coi and researched informationn68 is not responsible for direct and indirect risks. Step 2: Select the type of coin or token that you want to deposit into the wallet, Enter the Solana search box and select the SOL icon below, Step 3: Go to Add Wallet Address to withdraw coin. Select the amount you want to withdraw. Make sure to type the use the correct password or seed phrase details while accessing yourkraken loginwallet. Therefore, we recommend you always follow security best practices such as: Yes, Phantom is available on both Android and iOS. Withdrawing cryptocurrency to an exchange For your first cryptocurrency withdrawal from your crypto wallet, we strongly suggest you withdraw a small amount first in order to familiarize yourself with sending cryptocurrency between two wallets. First, you need to open the extension, click Deposit, then click Buy with MoonPay. This is a decentralized exchange with which you can swap tokens. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. STEP 4: Select FTM from the "Deposit to" dropdown menu and click "SHOW (FTM) ADDRESS" button. As the Solana blockchain processes transactions very fast its just a matter of seconds waiting before funds arrive in the Binance account. Click on Receive. Enter the Amount and Paste the Phantom Wallet Address, Here, you need to enter the amount of SOL that you wish to send in the , Then, paste the Phantom Wallet address that you have copied in Step 1 in the , If you want to save the address for future use, you can do so by, 5. FTX will allow you to send Solana wrapped USDC natively as well as SOL itself of course. Successful wallet creation. Solana may seem like a fledgling in comparison to old-timers like Ethereum and Cardano. As a result, security is a top priority for them and withdrawing to a bank account requires you to verify(KYC). How To Trade SOL Tokens On Phantom Wallet, Step-By-Step Process, Coinbase Review: Top Trading Platform With Many Supported Features, Bitstamp Review: User-Friendly Exchange With Competitive Features. Tap on "Wallet" Tap on "Withdraw" Tap on Solana (SOL) Enter the Amount and Paste the Phantom Wallet Address Enter the Withdrawal Password and Complete the 2FA Check in Withdrawals Section and Phantom Wallet Application 1. Your username and password for the eToro Money app will match your trading account's login credentials. Now that you have copied your wallet address, its time to head back to your Coinbase account. Select Create New Wallet to create a new wallet. When I used @phantom for the first time I was blown away at how good it was, better than anything I'd used inside or outside of crypto. 1) Navigate to your 'Accounts' section of the app Log in to your account and click on 'Accounts', located at the bottom left of the page. All you need to do is click on the middle tab (see figure) and choose which tokens to swap. This is the secret key phrase to restore the wallet. Go to the 'Deposit' button, then select 'Withdrawals' and choose 'Rollbit Coin (RLB)'. Do a wallet check to save. Enter the token mint address in manual input section. Once you paste the address, you'll see that it automatically matches the Solana network, which means all is fine. [emailprotected] is everything I've ever wanted from a web wallet. RLB is built on top of Solana, so you'll need the Phantom wallet to get started. Spreading the word about this exciting new technology.. How to cash out from Phantom Wallet? At the moment, banks cant deal with decentralized technology or non-custodial wallets. Up until January 2023, Evan has been writing on Metaroids under the pseudonym Falkris. Phantom wallet is a very important factor in the decentralized Solana ecosystem. Phantom Wallet works as a downloadable extension that can be added to your browser. It's so slim and lightweight, you won't even know it is there until you need it. Think of it as an account that is fully controlled by you alone instead of your bank. Step 3: Securely back up your 12-word recovery phrase. I have some Sol in Phantom Wallet, which I deposited with Moonpay, but now I want to take it out, ideally to Paypal in USD. If you are a US resident, visit the FTS.US website. Half of the staking fees are permanently removed from the circulating supply (making RLB deflationary), while the other half will be re-distributed to staked Rollbots after every lottery round. Now you can view all your holdings in the Binance Account. Spreading the word about this exciting new technology.. Can You Directly Withdraw Money from Phantom Wallet? On the popup window, click on Add extension. Type SOL in the search box and you could see Solana (SOL). This guide will take you through 10 of the best CeFi and DeFi cryptocurrency wallets out there to keep your investments secured. Then click Withdraw and from here you can start the process. Therefore, after finalizing your order your funds(money) will be available in your account for transfer straightaway. To receive the 2FA code, click on , 6. When buying RLB, you'll need to match to the best offer (the sell order in the order book with the lowest price), as shown below. First of all, you need to open an account which shouldnt be a complicated step. Join me as we build a network of metaverse and web3 pioneers. All in all, this is the fastest way to cash out crypto from Phantom wallet to your bank account. Once you have downloaded the Phantom wallet, write down your seed phrase and use a secure password. Look for the cryptocurrency you wish to withdraw and select "Withdraw". You can follow Phantoms channel on Twitter and Discord. Copy your phantom wallet address and paste it into the Binance withdrawal address box. From the dropdown options, choose 'Fiat and Spot'. Rollbit Coin (RLB) acts as an entry ticket into our lottery, where 20% of the casino's profits are shared between regular lottery prizes and the jackpot (split 70:30). 5. Phantom wallet. located on the top right corner of the webpage. . Phantom appears to be the wallet counterpart of Solana, mimicking its immense user growth and nearly unprecedented development in a short period. Open the trading view and log into your account. After that, the app will ask for your email, where it will send a verification code. On top of that, you can use this link to open a free account at Binance. Consequently, in order to transfer, click on Send. Your order should immediately go through. Or write it down on paper to keep. Your private keys are encrypted on your device by your password and are never shared with anyone. This password is used to quickly unlock the wallet and sign transactions. At this point, you have two choices. Thus, we procured and laid down the steps that you'd have to undergo for the same: Begin by accessing your wallet account. If you dont know where to start, the Solana ecosystem page should have more than enough dApps for you to play around with. You push. This button displays the currently selected search type. 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Function for copying wallet addresses. options typically include cash pickup, bank transfer or mobile money transfers etc). The next step will be to use the Binance P2P portal to find a party that will buy your Bitcoin in your local currency. On top of that, Binance will send you a notification message when the SOL funds have reached their platform. These platforms will automatically detect your wallet, but you have to manually approve it to log in. Enter 'RLB' in the search bar and click on the slider to add it to your wallet. This means I may make a small commission if you make a purchase. 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! On the platform, click Assets. In this guide, we used the Binance exchange as a practical example. Search K. This is to avoid sending your funds to an unknown or nonexistant wallet. Once the token is added to your wallet drop down the token, click receive and navigate to ERC20 tab. Definitely yes! In the crypto industry, there are hundreds of wallet providers for centralised finance (CeFi) and decentralised finance (DeFi) that each come with their own features. 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. Step 3.1 You will then get 12 keywords. So just go back to the wallet to check the amount of tokens withdrawn. Send it to an exchange that supports PayPal and withdraw. Read this guide and learn how to withdraw from Phantom wallet to bank account! I have wallet like below, Here is the instruction to withdraw Coin SOL from the Binance exchange. And click Select. As a result, you need to perform two trades on the trading engine. Next, the app will ask for your basic details, including your full name, date of birth, nationality, and address. Phantom Wallet allows users to withdraw and deposit SOL and other crypto tokens that can be traded on the Solana blockchain network. Crypto believer and 'Hodler' of Bitcoin since the early days. Check in Withdrawals Section and Phantom Wallet, Check in Withdrawals Section and Phantom Wallet Application. Click on Withdrawal Password and 2FA for Withdrawals to enable these options. We now offer the most competitive borrowing rates for popular, blue-chip NFT collections. 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. Then, in this step, start copying the wallet you created above. However, if you want to withdraw your funds through a withdrawal process, can you directly do it? 4. It also allows you to transfer your digital assets to a hardware wallet. Transferring/ withdrawing Solana (SOL) from FTX to Phantom Wallet is not a straightforward task since it involves entering the withdrawal password, 2FA verification, pasting the right address, and selecting the right network. This subreddit is operated by the Solana Foundation. REPEAT AFTER ME SOLANA NETWORK FOR SOL/SOLANA. For instance, if you are living in the European Union Area you can withdraw EURO instantly. * Note: This is an example, do not send to this address. Enter the amount of SOL you wish to transfer. Then, to withdraw, follow these steps: Sign in to your Kraken account and navigate to Funding. Unfortunately, there isnt a direct way to transfer your funds from Phantom to an external bank account. In this case, I chose the SOL/USDT pair and clicked on it. After signing in, you will land on your dashboard. Steps to Transfer Solana (SOL) from FTX to Phantom Wallet, Steps to Transfer Solana (SOL) from FTX Mobile Application to Phantom Wallet Mobile Application, Enter the Amount and Paste the Phantom Wallet Address, Enter the Withdrawal Password and Complete the 2FA, Check in Withdrawals Section and Phantom Wallet. Firstly, its code was independently audited by cybersecurity firm Kudelski Security; and the company holds bounty programs regularly to reward white-hat hackers who report vulnerabilities in the app. Spread funds across multiple wallets, especially if you have large holdings. Copy Phantom Wallet Address Open the Phantom wallet mobile application. Powered By GitBook GitBook Make use of the search box to find Solana (SOL). Select the saved phantom wallet address and enter the number of coins to be withdrawn. Disclosure: This post could contain affiliate links. Moreover, where the Solana blockchain network is designed to handle transactions fast, Phantom wallet is the place to store your tokens. Particularly, as Phantom is running on the Solana blockchain network you need to swap your tokens to SOL first. On top of that, you can use this link to open a free account at Binance. Receive updates on the most significant trends, Receive crucial insights that will help you stay ahead in the tech world, The chance to be part of our OG community, which will have exclusive membership perks. 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. Rollbit offers collateralised NFT (non-fungible token) loans. 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Step 4: Add a withdrawal wallet if it is not on the whitelist. Then enter token name and symbol (Ticker) and click add. Note that you will need to download the wallet app and deposit some SOL in it. Powered By GitBook - A friendly Solana wallet built for DeFi & NFTs. Do not share this key phrase with anyone or lose this key phrase as if you lost your wallet. Approve further confirmation prompts, and then youre all set. While the wallet supports mobile, the features are not as complete as the Chrome browser version. Updated. To begin a USDC on Ethereum withdrawal request, head to your Dapper Wallet and select the ' Home ' tab on the left-hand side of the screen. located in the top right corner of the webpage. His ultimate goal is to build the best community on the Internet. Competitive borrowing rates for popular, blue-chip NFT collections friendly crypto wallet 4: Add a withdrawal process can! 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