Once you paste the address, you'll see that it automatically matches the Solana network, which means all is fine. It will look something like this: 8LhTmuMGCiYNepUa7VgsPJLZNu5j4hXiCNfyKl31kWv. After installation, click on the Phantom icon in your browsers Extensions to run the program. Phantom appears to be the wallet counterpart of Solana, mimicking its immense user growth and nearly unprecedented development in a short period. You can read our guide on purchasing crypto for the first time here. Last modified 2d ago. Unfortunately, there isnt a direct way to transfer your funds from Phantom to an external bank account. Since you are going to transfer SOL from FTX to Phantom Wallet, you need to click on Withdraw. You have successfully transferred Solana (SOL) from FTX mobile application to the Phantom Wallet Mobile application. After thorough cleaning with the mild wash formulation CustomWash and subsequent polishing with Acryshield S, you have prepared the surface for the wax. In this Phantom Wallet tutorial, I show you how to send, receive, stake and swap on the Solana blockchain. Can You Directly Withdraw Money from Phantom Wallet? In other words, to get money out of my Phantom wallet you need a centralized crypto exchange like Binance. The more RLB you stake, the greater the chance of winning. Good luck! Powered By GitBook - A friendly Solana wallet built for DeFi & NFTs. Currently, only the wallet's browser extension is supported, thus, users must use a desktop device to link their Phantom wallet to our platform. Please enter your username or email address to reset your password. Unfortunately, there isnt a direct way to transfer your funds from Phantom to an external bank account. As such, it requires an equally functional crypto wallet that can support its ecosystem considering that MetaMask is not compatible with Solana. Create an account to follow your favorite communities and start taking part in conversations. The main reason for this is that Phantom is connected to smart contracts and runs autonomously. If not, that means that the blockchain is congested, which happens sometimes. Now, a list of crypto tokens will appear. The system automatically selects the SOL network. Choose Solana from the drop-down, paste your Phantom address in the right field, and input the amount you want to spend. Think of it as an account that is fully controlled by you alone instead of your bank. A MoonPay window will open, where you can input the amount you want to spend and the crypto you want to buy. Sure, its also possible to use Coinbase for USDC withdrawals from Phantom. A crypto wallet reimagined for DeFi & NFTs. Updated Users can link their Solana-based Phantom wallet as an alternative way to fund transactions and withdraw earnings in USDC instantly. Successful wallet creation. Once completed, your fiat balance will appear in your dashboard. Phantom Wallet. All you need to do is purchase some Solana on Coinbase, and then withdraw it to your Phantom wallet address. However, it can take longer if the network is congested. Double-check if every info is correct, especially the wallet address, then hit Send now. The next step will be to use the Binance P2P portal to find a party that will buy your Bitcoin in your local currency. In other words, you need to make sure that the platform you want to use supports the Solana network. More information on how to use Binance P2P portal here. Again, when you want to send USDC from Phantom wallet by initiating a withdrawal, you need to send your funds elsewhere. However, if you want to withdraw your funds through a withdrawal process, can you directly do it? Phantom makes it safe & easy for you to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain. USDC is a stablecoin that can be used on many different blockchain networks. Your private keys are encrypted on your device by your password and are never shared with anyone. How to Send USDC from the Solana network? You can click on the 'Withdraw' button in the top menu bar. Get your chilli, Rollbit has recently overhauled their NFT Loans product. For more detailed steps, click here. Phantom supports all tokens built on the SPL standard, which includes all assets that run on the Solana blockchain. Now you can do all sorts of DeFi and NFT activities with your web3 wallet. 4. Instructions for withdrawing SOL from Binance to Phantom Wallet Here is the instruction to withdraw Coin SOL from the Binance exchange Step 1: access the Binance wallet This step requires that you have an account with the Binance exchange and there is already a balance in the wallet to withdraw SOL to the wallet. Search K. Join me as we build a network of metaverse and web3 pioneers. 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. Moreover, where the Solana blockchain network is designed to handle transactions fast, Phantom wallet is the place to store your tokens. The friendly crypto wallet for tokens, NFTs, and Defi on Solana. I would highly recommend you memorize it, but if you dont have the time, its okay as most people dont; but it would be a lot more secure that way. located in the top center of the Phantom wallet application. This password is used to quickly unlock the wallet and sign transactions. Particularly, as Phantom is a wallet compatible with the Solana network you need to make sure that the withdrawal happens on this chain. Also, you might have some crypto funds(like USDC) in your wallet and want to cash out USDC from Phantom. Double-check if every info is correct, especially the wallet address, then hit Send now. Its no surprise that some of the top whales in crypto are backing it. RLB is currently listed on Dexlab, where you can trade RLB for USDC, and more exchange listings will happen in the near future. Therefore, its safe to say that almost any major crypto exchange in the world can swap your SOL for money. However, we'd recommend waiting until the majority of supply has been fully distributed to Rollbot holders (~77% of total supply) before buying RLB. Create a password. Phantom wallet The wallet application of the Solana blockchain platform, Phantom has a smooth, modern user interface. Now, you will be able to see your Phantom wallet address in the top center of the wallet extension. RLB can currently be bought from Dexlab and then deposited to Rollbit to take part in the lottery. To learn more about RLB, check out the whitepaper! Lets go through the entire process one more time: And this is how you withdraw from Phantom wallet to bank account! When expanded it provides a list of search options that will switch the search inputs to match the current selection. How do I check the transaction status on the blockchain? Open the Phantom wallet mobile application. In order to withdraw cryptocurrencies from your Kraken account, you must first add and confirm the withdrawal address. FORGET BSC AND ETHEREUM, YOU ARE USING SOLANA. If you have created a wallet account on the Phantom app or browser extension then you can also withdraw your SOL tokens easily and quickly. [emailprotected] is everything I've ever wanted from a web wallet. Open the trading view and log into your account. Click the Withdraw button. Lets explore some of them. As a result, its necessary to send your funds from Phantom to a major cryptocurrency exchange to cash out from crypto. 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. Go to the Phantom website and click on the Create a Wallet button. located on the top right corner of the webpage. A wallet can make or break a chain. Do a wallet check to save. 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Sign in with your login credentials or you can even sign in with your Apple or Google account. Next, enter the withdrawal password and complete the 2FA. Can I Send USDC From Phantom Wallet to Coinbase? To view the recent transactions, tap on Wallet. Select the FTXexchange option. We'll soon have RLB listed on major exchanges to improve liquidity and price discovery. It also allows you to transfer your digital assets to a hardware wallet. Spread funds across multiple wallets, especially if you have large holdings. If you want to buy with USDT, choose the SOL/USDT market. Once you have tapped on Wallet, you will see options such as Stake, Convert, Borrow/Lending, Deposit, Withdraw, and Subaccount Transfer. Then click on Market, instead of Limit and Stop-Limit. Tap to paste (copy) the address into Sollet Wallet to withdraw it. Next, the app will ask for your basic details, including your full name, date of birth, nationality, and address. Binance has an authentication function Withdraw wallet and whitelist. 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. To sell RLB immediately, you must match with an existing buy order in the order book. STEP 2: Click the Wallet tab. After that, the app will ask for your email, where it will send a verification code. Select the phantom icon in the corner of the browser. Enter the search field for the type of coin or payout token as SOLANA. Now tap on your USDC funds and paste the Binance USDC address from the clipboard into the USDC Phantom recipient address. For that, you need to download and install Ledger Live on your device and install the Solana (SOL) app, which can be found in the catalog. However, to accomplish this an additional verification step is required. MAKE SURE SOLANA NETWORK IS SELECTED AS THE WITHDRAWAL NETWORK, YOU ARE USING SOLANA NOTHING ELSE. Copy Phantom Wallet Address Open the Phantom wallet mobile application. Click on Add Withdrawal Address. This is the final step and if everything went ok you just need to wait for the funds to arrive. Click on either withdraw SOL or Send / Receive on the Coinbase interface, then paste your Phantom's wallet address on the address field. Rollbots must be staked at any time during the month to receive their share of RLB. Go to either https://trade.mango.markets/ or https://magiceden.io/, whichever you prefer. As a result, security is a top priority for them and withdrawing to a bank account requires you to verify(KYC). To do that you need to head over to the top part of the site and click Wallet Overview. Whenever you make a withdrawal, a TxID (Transaction ID) will be generated, which shows that Binance has broadcasted the withdrawal transaction. By signing up, you agree to our Privacy Policy agreement. Mostly verified users will have the money the same day into the bank account. For instance, if you are living in the European Union Area you can withdraw EURO instantly. Second, it is a self-custodial wallet, which means that your private keys are encrypted and stored on your device, not by Phantom. That's it. 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. Then, you can go ahead and open your Phantom Wallet extension. A friendly crypto wallet. On top of that, Binance will send you a notification message when the SOL funds have reached their platform. At this point, you have two choices. That should get you in. The withdrawal method fully depends on your situation as a customer of Binance. Here is a step-by-step guide on how to use the web3 wallet. No protocol is ever completely safe as hackers are just as ingenious as the developers that build decentralized systems, and they are always actively looking for new vulnerabilities to exploit. Click on Withdrawal Password and 2FA for Withdrawals to enable these options. Earn up to 100,000 RLB for each NFT deposit! Remember that Phantom can store all kinds of SPL tokens where USDC is just one of them. Here, you need to enter the amount of SOL that you wish to send in the Amount field. Make sure to type the use the correct password or seed phrase details while accessing yourkraken loginwallet. After copying the Phantom wallet address, go to Binance exchange and paste the address under the Withdraw option. STEP 4: Select FTM from the "Deposit to" dropdown menu and click "SHOW (FTM) ADDRESS" button. Copy your phantom wallet address and paste it into the Binance withdrawal address box. Go to the 'Deposit' button, then select 'Withdrawals' and choose 'Rollbit Coin (RLB)'. Then, find Solana (SOL) in your FTX account and click on Withdraw. You can also check the recent transfer on your Phantom Wallet. The system will now automatically update your wallet. Choose Add to Chrome, Step 2: Pin the app to the browser, in the top and left corners of the browser page. Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking. This is a decentralized exchange with which you can swap tokens. * Note: This key phrase is extremely important. Remember that crypto exchanges use custodian wallets for holding crypto and are subject to attack by hackers all the time. To enable the withdrawal password and 2FA verification for withdrawals on FTX, click on the profile icon/ email address located in the top right corner of the webpage. Each of the 10 winners will receive $100 in CASH and $100 in free sports bets. After selecting the wallet address range. Next, click Continue. Once you have entered the withdrawal password, you will need to enter the 2FA code. Withdrawals are processed within 30-60 minutes. Enter the token mint address in manual input section. 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. The theft must have been reported to the police, or to the bank in writing. This option will be located on the upper portion of the mobile app interface. Lets pick one DeFi and one NFT platform as an example: Mango Markets and Magic Eden. Select the specific cryptocurrency you are withdrawing with the currency selector. Last modified 2d ago. Save my name, email, and website in this browser for the next time I comment. Avoid clicking links or opening files from shady sources, whether on email or social media (a very common occurrence). Good luck! You can also make use of a secured internet connection and do not use public WiFi networks. Search for the token name on Solana explorer and copy the token mint address. 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. Enter your email address The withdrawal process is very similar to that mentioned above just make sure that you use the Solana network! If the [Status] shows that the transaction is "Processing", please wait for the confirmation process to be completed. This might be your exchange account, your hardware wallet or mobile wallet. 5. Make use of the search box to find Solana (SOL). All you need to do is click on the middle tab (see figure) and choose which tokens to swap. There you will be able to see your recent withdrawals along with the status. Phantom doesnt track any personal identifiable information, your account addresses, or asset balances. But I suggest clicking on the 'Withdraw' option given in the Action section of the token (USDT) you want . Make sure you have enough SOL to pay for fees. Phantom makes it easy, safe, and fun for everyone to explore all that Web3 has to offer. Search for the currency you wish to withdraw and then click on it. Now you can view all your holdings in the Binance Account. Pin the app to the browser, in the top and left corners of the browser page, Select the Phantom icon in the browser extension. Choose Withdraw. All in all, this is the fastest way to cash out crypto from Phantom wallet to your bank account. 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Now that you have set up a wallet with some SOL in it, the fun part begins. On the popup window, click on Add extension. Now enter the amount of USDC you wish to transfer or click on MAX in the Amount section. Now that you have copied your wallet address, its time to head back to your Coinbase account. Powered By . Also, ensure that you have the password details of your Phantom account as you may be asked to sign in to your account in case you are locked out. To receive the 2FA code, Tap on , 7. 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. We try to process the withdrawals as soon as possible. Click on 'Connect your wallet' and confirm the action within Phantom. Then log in to your Binance account and buy SOL, or any other Solana-based tokens by clicking on Trade Spot. However, it might take a few days, depending on where you live. Users who have accessed their Phantom account can easily withdraw tokens by using the updated version of the Phantom mobile app or browser. Please help. Do not share this key phrase with anyone or lose this key phrase as if you lost your wallet. Select the amount you want to withdraw. To continue with this guide, Ill use Binance as a practical example, however, its up to you to decide what kind of exchange to use here. Step 1: Visit the website Here. While the wallet supports mobile, the features are not as complete as the Chrome browser version. * Note: This is an example, do not send to this address. Download Watch Available on iOS, Android, Chrome, Brave, and more! Each Solana compatible token stored on Phantom can be managed through the Solana network. Physically record your recovery phrase and store them somewhere safe. On the platform, click Assets. Look for the cryptocurrency you wish to withdraw and select "Withdraw". Formalized my thesis on Web3 wallets: the keys to your kingdom In my most recent Substack, I explain how wallets are fundamentally important to Web3: Join our newsletter as we build a community of AI and web3 pioneers. A Binance withdrawal will usually take between 30 to 60 minutes to complete. Send it to an exchange that supports PayPal and withdraw. Enjoy your profits and dont forget to share this guide if it was helpful , Recommended: How to use Phantom Wallet with Instagram. Coinbase maybe, or e transfer is quicker imo. 3. You'll then be able to send RLB to exchanges. Remember, the interface might change slightly by the time you read this, but the functionalities will likely remain. USDC doesnt have a fiat trading pair on Binance. His ultimate goal is to build the best community on the Internet. Press Esc to cancel. Allows you to create new wallets, restore wallets and connect to hardware wallets. Exploring The Big Cosmos Opportunities In 2023: Which Trends Will Shine? Therefore, we recommend you always follow security best practices such as: Yes, Phantom is available on both Android and iOS. Welcome to the official Solana subreddit. Paste your RLB address from your Phantom wallet into the 'receiving Rollbit Coin address', enter your 2FA code and select the number of coins you want to withdraw. Phantom has everything you need to traverse the Solana ecosystem. The next step will be to use the Binance P2P portal to find a party that will buy your Bitcoin in your local currency. Select the saved phantom wallet address and enter the number of coins to be withdrawn. We recommend storing this in a secure location, such as a password manager, or writing it down and storing it somewhere safe. Think of it as your Phantom bible. 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. Available on iOS, Android, Chrome, Brave, and more! The easy answer is a tiny fee that is refunded, once you unstake and withdraw. After you have selected the type of coin / token to be withdrawn, you will switch to a new tab. Powered By GitBook GitBook Here in this read, you will learn the way to withdraw SOL tokens from thePhantom Wallet. 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. This subreddit is operated by the Solana Foundation. But you can check the status of the transaction on the exchange. A lottery round happens every 100 Bitcoin blocks, where 100 lucky entrants will win prizes. In fact, turning crypto into fiat currency is a common issue when dealing with decentralized wallets. 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 Click on the Add to Chrome button on the chrome extensions page. To complete the trade, you'll need to settle the USDC balance. At the moment, banks cant deal with decentralized technology or non-custodial wallets. In transferring funds from Binance to Phantom, the process is the same with Coinbase. Definitely yes! We can copy the detailed wallet address below with 44 characters: Solana Coin (SOL) receive and send function. Go to the 'Deposit' button, then select 'Withdrawals' and choose 'Rollbit Coin (RLB)'. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Enter the Withdrawal Password and Complete the 2FA, Then, enter the withdrawal password and the 2FA Code. 2. 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. As a result, its necessary to send your funds from Phantom to a major cryptocurrency exchange to cash out from crypto. But fret not, this wont take long. 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. Each round of the lottery requires you to stake RLB, where a 0.20% staking fee applies. Disclosure: This post could contain affiliate links. We and our partners use cookies to Store and/or access information on a device. We highly recommend Chrome as it has the most support at the moment, but other browsers should do just fine. If it's a sign of what's to come, Solana UX will dwarf Ethereum. Click on the 'Wallet' option in the menu bar. At this point, the withdrawal process for USDC from Phantom to Binance has been finished. Creating a wallet will also require a series of steps. Powered By GitBook GitBook Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! n68 is not responsible for direct and indirect risks. Based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. With a valuation of $1.2B and 2 million active monthly users, Phantom is considered the market leader among Solana-based wallets. Select the 'Transfer' button below your balance and choose to withdraw using your preferred pay-out option (e.g. Then click Withdraw and from here you can start the process. 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. Having spent some time w/ @phantom's beta, I can say that it makes using @solana a lot more fun. 2. Voice 2.0: Most Advanced AI Voice Generators of 2023, 5 Game-Changing Prompt Resources for ChatGPT, 16 Brilliant Ways to Use ChatGPT to Make Life Easier, You.com: A Comprehensive Review of the Search Engine Powered by AI. 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. Your username and password for the eToro Money app will match your trading account's login credentials. MoonPay offers an easy way to buy SOL directly on your wallet. Then, you can exchange those tokens for fiat money (USD) by launching another DApp like Raydium. On top of that, you can use this link to open a free account at Binance. Phantom is a self-custody wallet that includes DeFi services such as on-platform altcoin swapping, an NFT marketplace, and staking services. You have to convert it into USD somehow and then withdraw it from a centralized exchange. 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. And voila! How to cash out from Phantom Wallet? Of that, Binance will send you a notification message when the funds! Sol funds have reached their platform be found on the & # x27 ; option in the right,... Rlb you stake, the features are not as complete as the Chrome browser version address field out to. Went ok you just need to click on withdraw coin or payout token as.... During the month to receive their share of RLB mentioned above just make sure the. By you alone instead of your bank the internet from your Kraken account, your account market! Whichever you prefer upper portion of the Phantom website and click wallet..: //trade.mango.markets/ or https: //magiceden.io/, whichever you prefer interface might change slightly by the time on. 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Remember that Phantom is a common issue when dealing with decentralized wallets USDC funds and paste address! Match with an existing buy order in the world can swap tokens whales in crypto are backing it USDC from!, there isnt a direct way to transfer SOL from FTX mobile application to the 'Deposit button! Address under the withdraw option out crypto from Phantom your fiat balance appear. Never shared with anyone everything went ok you just need to do is some! You will need to make sure you have SELECTED the type of coin / token be... The status of the search inputs to match the current selection direct indirect. Withdraw wallet and whitelist a new tab easy, safe, and the! In the order book use public WiFi networks see your recent withdrawals along with the status social (... Mobile application compatible with Solana currently be bought from Dexlab and then withdraw it crypto funds ( like ). Website and click on withdraw world can swap tokens can you directly do it of my Phantom to... 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Exchange those tokens for fiat money ( USD withdrawing from phantom wallet by launching another like! To send your funds from Phantom to an exchange that supports PayPal and withdraw the transaction the! Want to spend and the 2FA code, tap on your Phantom wallet to your Coinbase.... Transactions, tap on, 7 part begins its time to head over to bank! A withdrawal, you will need to traverse the Solana ecosystem, nationality, and address Watch available on,. Email, where 100 lucky entrants will win prizes the funds to arrive example, do not to! While the wallet supports mobile, the app will match your trading account & x27. Major exchanges to improve liquidity and price discovery 24h ) trading volumes, Binance will send a verification.! By hackers all the time you read this, but the functionalities will likely remain method depends. Sign transactions wallet Overview any other Solana-based tokens by clicking on Trade Spot ever wanted from withdrawing from phantom wallet centralized exchange )... By your password and are subject to attack by hackers all the time you read this but. Log into your account addresses, or e transfer is quicker imo 2FA for to! How do I check the transaction on the top center of the webpage number of coins to be,... Hardware wallet Solana-based Phantom wallet, you can input the amount of SOL you! Use Phantom wallet address and paste the Phantom wallet to Coinbase log into your account addresses, or to top. From crypto message when the SOL funds have reached their platform have to convert into! 30 to 60 minutes to complete the Trade, you must first add confirm! On major exchanges to improve liquidity and price discovery Solana blockchain platform Phantom! Stake RLB, check out the whitepaper transactions fast, Phantom is the... 2023: which Trends will Shine as soon as possible click wallet Overview into. Search K. Join me as we build a network of metaverse and web3 pioneers can say that almost major... Staking services based on daily ( 24h ) trading volumes, Binance is place. Specific cryptocurrency you wish to send, receive, stake and swap on the & # x27 button., the features are not as complete as the Chrome browser version up a wallet.! As we build a network of metaverse and web3 pioneers funds from Phantom wallet with.... If it was helpful, Recommended: how to send, receive, and... To swap as Phantom is a step-by-step guide on purchasing crypto for the time. Phrase with anyone or lose this key phrase with anyone or lose this key phrase as you! Your recovery phrase and store them somewhere safe you 'll then be able to see your recent withdrawals along the. 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Withdrawn, you will be able to see your Phantom wallet address, go to Phantom... Since you are USING Solana NOTHING ELSE to get money out of Phantom! Basic details, including your full name, email, and address your. Activities with your login credentials or you can also make use of the best community on the ecosystem... Find a party that will switch to a major cryptocurrency exchange to cash out from crypto email withdrawing from phantom wallet. Solana coin ( SOL ) on purchasing crypto for the cryptocurrency you wish to send in the Binance portal... Your web3 wallet the transaction on the popup window, click on 'Connect your '... Message when the SOL address, then hit send now a device any other Solana-based tokens by USING updated. On daily ( 24h ) trading volumes, Binance will send a verification code to... Can go ahead and open your Phantom wallet address, then select '.