Newbies Can Easily Get Started with Web3! Learn to Use Phantom Wallet to Explore Blockchain from Scratch#
Want to enter the Web3 world but confused by various "wallets, tokens, chains"? It's actually not complicated. This guide will teach you step by step how to use Phantom Wallet to take your first step while learning the basics of blockchain and tips to avoid common pitfalls, helping you explore the digital world safely.
What is Blockchain?#
Blockchain is a decentralized ledger system that anyone can view, and it cannot be easily tampered with. All transactions are open and transparent, without the need for a bank intermediary. However, you need a "wallet" to store your assets. A wallet is like your digital asset safe, and Phantom is one of the friendliest options for beginners.
Introduction to Phantom Wallet#
Phantom supports mainstream networks like Solana, Ethereum, and Polygon, and can be used to store tokens and NFTs, providing staking yield features. Its interface is designed to be simple and intuitive, compatible with browser extensions and mobile applications, ensuring that beginners can easily get started.
Core Features:
- Multi-chain switching (supports Solana, Ethereum, and Polygon)
- Built-in token swap, NFT display, and staking features
- 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 website)
- 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 (must include letters and numbers)
- Write down the 12 English mnemonic words generated by the system and save them offline in order
- Complete the verification process
-
Import Existing Wallet (Optional)
- Click "Import Existing Wallet" and enter the mnemonic words or private key
Basic Operation Guide#
- Receive Assets: Click "Receive" to copy the address (Solana addresses usually start with SOL, Ethereum addresses start with 0x)
- Send Assets: Click "Send", enter the recipient's address and amount, confirm the network and fees
- Add Tokens/NFTs: Search for tokens to add on the Tokens page, NFTs will automatically appear on the Collectibles page
Advanced Features#
- Multi-chain Switching: Click the network icon at the top to switch between Solana, Ethereum, and Polygon
- Token Swap: Select tokens, set slippage tolerance, confirm exchange rates and fees
- Stake SOL: On the Earn page, select a validator node, enter the staking amount to start earning
- Connect to DApp: Visit DApps (like Magic Eden), connect Phantom to trade
Security Settings#
- Mnemonic words and private keys must be saved offline, do not take screenshots or share
- Regularly update your wallet password, avoid reusing it on other platforms
- Confirm the domain name is correct when visiting websites, double-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
- Platform Tokens (BNB, OKB): Exchange ecosystem tokens
- DeFi Tokens (UNI, AAVE): Decentralized finance tokens
- NFTs: Unique digital collectibles
- Meme Coins (DOGE, SHIBA): Driven by community culture, highly volatile
Differences Between USDT and USDC#
- Issuer: USDT is issued by Tether, USDC is issued by Circle (regulated)
- Transparency: USDT audits are not public, USDC releases audit reports monthly
- Chain Support: Both support multiple chains, always confirm chain compatibility before transferring, or assets may be lost
Tips for Beginners#
- Test with a small amount, start with $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 Solana chain), withdraw to your wallet
- Try exchanging a small amount of SOL with USDT to experience trading
- Understand Gas fee fluctuations, 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 features.
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