Setting Up & Funding Phantom Wallet from a Coinbase Account

Step 1: Download and Install Phantom Wallet

• Go to the Phantom website (https://phantom.app/download) and click on “Download”
• Choose the appropriate version for your device (desktop or mobile)
• Follow the installation instructions

Step 2: Create a New Wallet

• Open Phantom and click on “Create a new wallet”
• Choose a strong password and confirm it
• Save your recovery phrase securely (do not share it with anyone!)

Step 3: Set Up Your Phantom Wallet (Optional)

• Phantom doesn’t require setting a preferred currency or account information, unlike custodial wallets. You control your private keys and funds directly.

Step 4: Fund Your Phantom Wallet Using Coinbase

• Purchase SOL on Coinbase: First, buy SOL on your Coinbase account.
• Transfer SOL to Phantom:
  • Log in to your Coinbase account.
  • Click on “Send/Request” and select “Send”.
  • Choose SOL as the cryptocurrency to transfer.
  • Enter the amount you want to transfer.
  • Paste your Phantom wallet address (found in the Phantom app).
  • Confirm the transaction (be aware of gas fees).

Step 5: Verify the Transaction

• Wait for the transaction to be processed (it may take a few minutes).
• Check your Phantom wallet to confirm the SOL funds have arrived.

Important Notes:

• Make sure to save your recovery phrase and password securely. Never share them with anyone.
• Be aware of phishing scams and always verify the authenticity of transactions before sending cryptocurrency.
• Phantom wallet is a non-custodial wallet, meaning you are responsible for your assets and private keys.