Solana has attracted a lot attention from the international community. Solana’s growth rates have been very impressive and it can be said that Solana is directly competing with Binance Smart Chain. This article will show you how trade SOL tokens on the Phantom Wallet. Solana is a blockchain platform that hosts decentralized, scalable apps. Founded in 2017, it is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees than rival blockchains like Ethereum.Solana does not need to use complicated solutions like sharding or Layer 2 and still delivers scalability up to 65,000 TPS and 400ms block times.How to create a Phantom walletStep 1: Add Phantom Wallet to ChromeVisit the website: https://chrome.google.com/webstore/phantom/ and click Add to Chrome.Then, in the top right corner, click the button to Pin the Phantom application to the browser. Step 2: Add Phantom Wallet to Chrome. Next, click the button to pin the Phantom application to your browser. If you have a Sollet wallet you can restore it and select “Use secret Recovery phrase”. Step 3: Secure the wallet. The system will give you 12 keywords. These keywords should be copied and saved. If the account is locked out or you forget your password, you can use these keywords to retrieve your wallet account. Next, choose “OK, it’s saved somewhere”. These keywords are irreplaceable and cannot be recovered if they are lost. Step 4: Create a passwordPassword.
Confirm Password: Enter the password again.
Check the box that says I agree to the Terms and Service. Select Save. Select Finish.
How to trade SOL on a Phantom wallet Two options are available: Send from Wallet / Exchange: Receive tokens from a wallet, exchange, or such as Binance
Deposit from FTX – Send from the FTX Exchange, a window will open for the FTX Exchange
You must choose the type of trade you want to make at this stage. You must decide how you want to trade SOL. Solana is not only a tool for Blockchain engineers but also optimizes transactions and improves the user experience. We hope you have found this information helpful in understanding how to trade SOL on Phantom Wallet. We are grateful for your understanding. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comThanaCoincu NewsContentsTags: PhantomPhantom WalletSOLSolanaSolana blockchainSolana network