Crypto markets move quickly, and having a wallet that keeps up with your trading needs is essential. The Phantom wallet now offers an upgraded swapping feature designed for greater convenience, broader token access, and enhanced user control. Whether you're looking to capitalize on trending memecoins or trade established assets, these improvements help you stay agile in a fast-paced environment.
Enhanced Convenience
Swapping tokens should be simple and fast. There's no need to navigate multiple external platforms or deal with complicated processes. Every extra step can mean missing out on valuable opportunities.
With Phantom’s integrated swapper, you execute trades directly within the wallet. See a memecoin gaining momentum? Enter a position instantly. Notice a dip in a major asset? Adjust your portfolio without delay. Phantom ensures you remain where the action is, making it easier to act on market movements as they happen.
Expanded Token Selection
Limited token availability can hinder your trading strategy. Phantom now aggregates tokens from various liquidity sources, offering access to hundreds of thousands of tokens—from low-cap gems to large-cap staples.
Tokens with at least $5K in liquidity are listed within an hour, so you never miss newly launched assets. You can also search tokens using their contract address for accuracy and ease. This expanded selection allows you to diversify and explore more opportunities in a single platform.
Improved Transaction Control
New and volatile tokens often experience rapid price changes, leading to transaction failures. Phantom’s custom slippage feature lets you tailor your swap parameters to improve success rates.
Increase slippage to complete trades despite price fluctuations or thin liquidity. Decrease it to minimize exposure to front-running and reduce costs. You’re in control of your trading experience and can adjust settings based on market conditions.
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Step-by-Step Guide to Swapping
Swapping tokens in Phantom is straightforward. Follow these steps:
- Open your Phantom wallet and select the Swap tab (🔁).
- Choose the token you wish to sell.
- Select the token you want to buy.
- Enter the amount. A quote will display the estimated tokens you’ll receive. Select Review Order.
- Confirm transaction details and click Swap.
Always verify token legitimacy. Unverified tokens appear under a separate category—check contract addresses carefully using the ℹ️ icon to avoid scams.
Frequently Asked Questions
What tokens can I swap in Phantom?
Phantom supports hundreds of thousands of tokens, including new launches, memecoins, and major cryptocurrencies. Tokens are added once they reach $5K in liquidity, typically within an hour.
How does custom slippage work?
You can set your desired slippage tolerance to balance transaction success and cost. Higher slippage helps in volatile markets, while lower slippage can protect against unfair pricing.
Is it safe to swap unverified tokens?
Always exercise caution. Unverified tokens haven’t been vetted by third parties. Double-check contract addresses and do your own research before swapping.
Can I swap using a contract address?
Yes. Use the search function and enter the contract address to find specific tokens quickly and accurately.
Does Phantom charge swapping fees?
Phantom may apply network and liquidity provider fees, which vary based on the blockchain and token pair. Always review fees before confirming a swap.
What chains are supported for swapping?
Phantom currently supports swapping on Solana, Ethereum, and Polygon, with more networks anticipated in the future.
Looking Ahead
Phantom continues to innovate for its users, with more features and upgrades on the way. The goal is to provide a seamless, efficient, and secure swapping experience right within your wallet.
Stay informed and ready to make the most of market movements with enhanced tools and broader access. 👉 Get advanced swapping methods