Even Beginners Can Easily Enter Web3! Learn to Use Phantom Wallet to Navigate Blockchain from Scratch#
Do you aspire to enter the Web3 world but are confused by concepts like "wallets, tokens, chains"? In fact, getting started is not difficult. This guide will teach you step by step how to use the Phantom wallet to begin your journey while mastering the basics of blockchain and avoiding pitfalls, ensuring you explore the digital realm safely.
What is Blockchain?#
Blockchain is a decentralized public ledger where anyone can view transaction records, and it cannot be tampered with at will. Every operation is transparent and public, eliminating the need for a banking intermediary, but you need a "wallet" to store your assets. The wallet acts as your digital safe, and Phantom is an ideal choice for beginners.
Introduction to Phantom Wallet#
Phantom supports major networks like Solana, Ethereum, and Polygon, allowing you to store tokens and NFTs, and it offers staking rewards. Its interface is simple and intuitive, compatible with browser extensions and mobile apps, making it easy for newcomers to get started.
Core Features:
- Multi-chain switching (Solana / Ethereum / Polygon)
- Built-in token swap, NFT display, and staking
- Compatible with iOS, Android, and Chrome/Brave browsers
Installation and Setup#
-
Download
- Browser extension: Visit phantom.app to download (make sure to use the official site)
- Mobile: Search for “Phantom: Crypto Wallet” in the App Store or Google Play
-
Create a New Wallet
- Set a password of at least 8 characters (including letters and numbers)
- Write down the 12 English mnemonic words generated by the system in order and store them offline
- Complete the verification steps
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Import Existing Wallet (Optional)
- Click “Import Existing Wallet” and enter your mnemonic words or private key
Basic Operation Guide#
- Receive Assets: Click “Receive” to copy the address (Solana chain starts with SOL, Ethereum starts with 0x)
- Send Assets: Click “Send,” enter the recipient's address and amount, and confirm the network and fees
- Add Tokens/NFTs: Search for and add tokens on the Tokens page; NFTs will automatically display on the Collectibles page
Advanced Features#
- Multi-chain Switching: Click the network icon at the top to switch between Solana / Ethereum / Polygon
- Token Swap: Select tokens, set slippage tolerance, and confirm the exchange rate and fees
- Stake SOL: On the Earn page, choose a validator node, enter the staking amount, and start earning rewards
- Connect to DApps: Visit DApps (like Magic Eden) and connect Phantom to trade
Security Settings#
- Store mnemonic words and private keys offline, avoid screenshots or sharing
- Regularly change your wallet password, and do not reuse it on other platforms
- Verify domain names when visiting websites, and carefully check information before signing transactions
- Enable privacy mode to prevent screenshot leaks
Overview of Cryptocurrencies#
- Bitcoin (BTC): Digital gold
- Ethereum (ETH): Smart contract platform
- Stablecoins (USDT, USDC): Pegged 1:1 to fiat currency
- Exchange Tokens (BNB, OKB): Ecosystem tokens of exchanges
- DeFi Tokens (UNI, AAVE): Decentralized finance tokens
- NFTs: Unique digital collectibles
- Meme Coins (DOGE, SHIBA): Community-driven, highly volatile
Differences Between USDT and USDC#
- Issuer: USDT is issued by Tether, while USDC is issued by Circle (regulated)
- Transparency: USDT audits are not public, while USDC provides monthly audit reports
- Chain Support: Both support multiple chains; confirm chain consistency before transferring to avoid asset loss
Tips for Beginners#
- Start with a small amount, use $10 to familiarize yourself with the process
- Download Phantom, create a wallet, and back up your mnemonic words
- Purchase $10 USDT on an exchange (choose the Solana chain) and withdraw to your wallet
- Try exchanging a small amount of USDT for SOL to experience trading
- Understand gas fee fluctuations and choose the right time to operate during network congestion
- Be wary of scams, do not trust "private message airdrops" or "customer service chats"
- Save mnemonic words in two separate places (e.g., one at home and one in a bank safe)
Congratulations, you have officially stepped into the Web3 world from being an "outsider." You can now explore more DApps, NFTs, and DeFi activities.
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