All in all, this is the fastest way to cash out crypto from Phantom wallet to your bank account. Read this guide and learn how to withdraw USDC from Phantom wallet to your bank account! Therefore, its safe to say that almost any major crypto exchange in the world can swap your SOL for money. How To Trade SOL Tokens On Phantom Wallet, Step-By-Step Process, Coinbase Review: Top Trading Platform With Many Supported Features, Bitstamp Review: User-Friendly Exchange With Competitive Features. Paste the address you copied from Phantom in the bar with Enter Address. Phantom is decentralized and anonymous, which . I would highly recommend you memorize it, but if you dont have the time, its okay as most people dont; but it would be a lot more secure that way. VPNs change your computer or mobile's IP address from the current location, shielding you from threats while making crypto transactions. So you can either swap it to USDC or send SOL to an exchange and sell it there (I'd do the latter as it's probably slightly more price efficient). First, you need to download and install the Phantom extension, which supports Chrome, Brave, Firefox, and Edge. Double-check if every info is correct, especially the wallet address, then hit Send now. Alternatively, you may write it down on paper and store it somewhere safe. Select Create New Wallet to create a new wallet. Then, in this step, start copying the wallet you created above. Press J to jump to the feed. It is arguably one of the most secure crypto wallets out there. You can then select the number of coins you want to send and click 'Send' (note that a small amount of SOL will be needed to cover the transaction fee). Protect your assets on the go with the convenience you expect. His ultimate goal is to build the best community on the Internet. Please enter your username or email address to reset your password. We always recommend that you do your own research before making any investment.#PhantomWallet #Solana #SolanaWallet If your wallet does not have an address on the whitelist in your Binance account, a message will be displayed as follows. You can follow Phantoms channel on Twitter and Discord. I just . Whenever you make a withdrawal, a TxID (Transaction ID) will be generated, which shows that Binance has broadcasted the withdrawal transaction. Then click on Market, instead of Limit and Stop-Limit. Choose Phantom among the selected wallets, and then confirm through the extension app. Second, it is a self-custodial wallet, which means that your private keys are encrypted and stored on your device, not by Phantom. Once you paste the address, you'll see that it automatically matches the Solana network, which means all is fine. The wallet is already available in a browser extension that can be used to manage digital assets and access decentralized applications on the Solana blockchain. 2 months ago. In order to withdraw cryptocurrencies from your Kraken account, you must first add and confirm the withdrawal address. Good luck! Solana may seem like a fledgling in comparison to old-timers like Ethereum and Cardano. Phantom wallet. Again, when you want to send USDC from Phantom wallet by initiating a withdrawal, you need to send your funds elsewhere. To receive the 2FA code, Tap on , 7. RLB is currently listed on Dexlab, where you can trade RLB for USDC, and more exchange listings will happen in the near future. Then, paste the Phantom Wallet address that you have copied in Step 1 in the SOL Address field. In other words, to get money out of my Phantom wallet you need a centralized crypto exchange like Binance. This guide will take you through 10 of the best CeFi and DeFi cryptocurrency wallets out there to keep your investments secured. Search for the currency you wish to withdraw and then click on it. To receive the 2FA code, click on , 6. There are several ways to earn RLB on Rollbit: Complete the challenges to receive RLB rewards, which are doubled for those with a Rollbot linked to their profile. Phantom is a browser wallet (similar to MetaMask) allowing you to store, send and receive the Solana network's native cryptocurrency SOL, as well as other tokens on the network such as RLB, USDC, SRM, ATLAS, and so on. Also, ensure that you have the password details of your Phantom account as you may be asked to sign in to your account in case you are locked out. Phantom is a self-custodial wallet. Selling funds on Binance is a very smooth exercise because of the high volume of order books. However, if you want to withdraw your funds through a withdrawal process, can you directly do it? If your wallet does not have an address on the whitelist in your Binance account, a message will be displayed as follows. 2. 4 [deleted] 1 yr. ago 2. After picking the deposit method, you will be offered two options for transferring the NFT: via Moonpay (to buy NFTs ) or through FTX exchange (to transfer NFTs). Step 1: Create an Account at a Crypto Exchange(Binance), Step 3: Receive USDC on Centralized Exchange, Step 5: Withdraw the Money On Binance[Optional], How to Withdraw USDC From Phantom Wallet FAQ. Paste the withdrawal address on the platform of your choice. This guide serves as your full resource on how to create a Phantom wallet, how to put funds in it, how to use it on applications, and everything else. Phantom doesnt track any personal identifiable information, your account addresses, or asset balances. Updated. Step 5: Select the coin amount to be withdrawn. If not, you still have the MoonPay option. The deposit will be confirmed shortly after and the RLB will be credited to your account. After thorough cleaning with the mild wash formulation CustomWash and subsequent polishing with Acryshield S, you have prepared the surface for the wax. With a valuation of $1.2B and 2 million active monthly users, Phantom is considered the market leader among Solana-based wallets. Click the Withdraw button. Also, for each day in December, one lucky person will also win a Rollbot! It will look something like this: 8LhTmuMGCiYNepUa7VgsPJLZNu5j4hXiCNfyKl31kWv. Crypto believer and 'Hodler' of Bitcoin since the early days. Enter the Amount and Paste the Phantom Wallet Address, Here, you need to enter the amount of SOL that you wish to send in the , Then, paste the Phantom Wallet address that you have copied in Step 1 in the , If you want to save the address for future use, you can do so by, 5. The next step will be to use the Binance P2P portal to find a party that will buy your Bitcoin in your local currency. The Phantom Wallet is a minimalist wallet that's almost too good to be true. Most withdrawals are processed in much lesser time than we estimate :) For security reasons, we store most funds in a cold wallet. Check your Phantom wallet after a minute, your SOL should be there. Instructions for withdrawing SOL from Binance to Phantom Wallet Here is the instruction to withdraw Coin SOL from the Binance exchange Step 1: access the Binance wallet This step requires that you have an account with the Binance exchange and there is already a balance in the wallet to withdraw SOL to the wallet. Select the amount you want to withdraw. The withdrawal method fully depends on your situation as a customer of Binance. Choose Add to Chrome, Step 2: Pin the app to the browser, in the top and left corners of the browser page. All you need to do is click on the middle tab (see figure) and choose which tokens to swap. Last modified 2d ago. Open the Phantom wallet mobile application. But you can check the status of the transaction on the exchange. Web-scale blockchain with speeds of 50k TPS. Now you can do all sorts of DeFi and NFT activities with your web3 wallet. Additionally, if you already have a bank account connected to Binance then you can transfer money to it right away. Lets explore some of them. This is to avoid sending your funds to an unknown or nonexistant wallet. Consequently, in order to transfer, click on Send. Successful wallet creation. By continue reading this guide you will get all the answers you are looking for regarding Phantom wallet: As mentioned earlier, Phantom wallet is supported by the Solana blockchain network and is one of the popular crypto wallets to use there. Search K. The system automatically selects the SOL network. MoonPay offers an easy way to buy SOL directly on your wallet. That's it. Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. This is a decentralized exchange with which you can swap tokens. Paste your RLB address from your Phantom wallet into the 'receiving Rollbit Coin address', enter your 2FA code and select the number of coins you want to withdraw. This subreddit is operated by the Solana Foundation. Receive updates on the most significant trends, Receive crucial insights that will help you stay ahead in the tech world, The chance to be part of our OG community, which will have exclusive membership perks. If you face any type of trouble during the withdrawal process, check that your device is connected to the internet or not. Continue with Recommended Cookies. Also, you might have some crypto funds(like USDC) in your wallet and want to cash out USDC from Phantom. Enter your email address Read this guide and learn how to withdraw from Phantom wallet to bank account! Click on Receive. First, you need to open the extension, click Deposit, then click Buy with MoonPay. In other words, tokens or NFTs that are using Phantom are backed by the SPL protocol which can be compared with the Ethereum ERC-20 tokens. After selecting the wallet address range. On top of that, you can use this link to open a free account at Binance. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Phantom is a self-custody wallet that includes DeFi services such as on-platform altcoin swapping, an NFT marketplace, and staking services. These platforms will automatically detect your wallet, but you have to manually approve it to log in. "The only way that funds can be moved is if you have the private key, and that's why securing private keys is so important." According to the Federal Trade Commission, nearly $82 million was. On the mobile app, this tab can be found at the very bottom of the interface. You can withdraw supported cryptocurrencies from the eToro trading platform to an external wallet via eToro Money, which is a mobile app available on both iOS and Android devices. The more RLB you stake, the greater the chance of winning. Additionally, Phantom wallet acts as a simple browser extension(Chrome, Brave, or Firefox) and therefore turns your browser into a crypto wallet. Phantom reserves the right to modify these fees, and the pairs on which they are charged, at any time in . In this step, SOL was selected to withdraw. At the bottom of the mobile screen, you will be able to see multiple options, including Home, Markets, Trade, Wallet, and User. Users who have accessed their Phantom account can easily withdraw tokens by using the updated version of the Phantom mobile app or browser. Keep it out of anyones eyes. We only recommend companies and products we have personally used, \u0026 any commissions help to pay for content creation. Now that you have copied your wallet address, its time to head back to your Coinbase account. How do I withdraw money from Phantom wallet? phantom wallet - - Solana Wallet. From there, click on the ' Dapper Balance ' button. Since FTX only supports Solana blockchain network for SOL transactions, you dont need to select the network. Since FTX only supports the Solana blockchain network for SOL transactions, you dont need to select the network. Mostly verified users will have the money the same day into the bank account. options typically include cash pickup, bank transfer or mobile money transfers etc). As a result, security is a top priority for them and withdrawing to a bank account requires you to verify(KYC). As explained in this guide there is no direct way to cash out USDC for money. After copying the Phantom wallet address, go to Binance exchange and paste the address under the Withdraw option. Now open to anyone: https://t.co/Y3sK6rwkuN https://t.co/ouGDLZg7Dh, Absofriginlutely loving the @phantom wallet on Solana. Enter the amount of SOL you wish to transfer. For instance, by playing certain blockchain games, you can earn tokens, which you can withdraw into your Phantom Wallet. A Phantom wallet account can be created by following these steps: 1. Coinbase maybe, or e transfer is quicker imo. Check in Withdrawals Section and Phantom Wallet, Check in Withdrawals Section and Phantom Wallet Application. Additionally, you can use the exact same procedure for money withdrawals to Coinbase as well. In the future, the wallet plans to support other chains. Next, you need to copy your SOL address, which can be found on the top area of the Phantom extension. Enjoy your profits and dont forget to share this guide if it was helpful . Here, you need to enter the amount of SOL that you wish to send in the Amount field. Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking. Do More With Your Crypto - Instant transactions with super low fees - A beautiful home for your NFTs and tokens - Use all your favorite Solana dapps . The Phantom Wallet has a simple design, with a durable construction that makes it perfect for everyday use. Particularly, as Phantom is running on the Solana blockchain network you need to swap your tokens to SOL first. The Phantom Wallet is the ultimate way to store your credit cards and cash. Also, you might have some crypto funds in your wallet and want to cash out from Phantom Wallet. A lottery round happens every 100 Bitcoin blocks, where 100 lucky entrants will win prizes. 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