This password is used to quickly unlock the wallet and sign transactions. Join our newsletter as we build a community of AI and web3 pioneers. In other words, to get money out of my Phantom wallet you need a centralized crypto exchange like Binance. If you dont know where to start, the Solana ecosystem page should have more than enough dApps for you to play around with. However, if you want to withdraw your funds through a withdrawal process, can you directly do it? Remember, the interface might change slightly by the time you read this, but the functionalities will likely remain. Select the FTXexchange option. By signing up, you agree to our Privacy Policy agreement. Phantom can be used on mobile and PC with the help of its mobile app or browser extension. Next, click Continue. Most withdrawals are processed in much lesser time than we estimate :) For security reasons, we store most funds in a cold wallet. In general, to withdraw money from Binance to your bank account go to Fiat and Spot Wallet first. You can stake SOL directly on Phantom by clicking on the SOL token in the app, and then clicking Start earning SOL. 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. Use a burner wallet first when connecting with applications or web pages for the first time. First, you need to open the extension, click Deposit, then click Buy with MoonPay. We can copy the detailed wallet address below with 44 characters: Solana Coin (SOL) receive and send function. If you want to cash out USDC you need a third-party exchange like Binance or Coinbase. Great watching the solana defi ecosystem evolve bit by bit. Take note on the estimated withdrawal transaction fee. That should get you in. Can I Send USDC From Phantom Wallet to Coinbase? But standard transfers usually take about a day. For instance, if you want to buy SOL with BTC, click on the SOL/BTC pair. Phantom has everything you need to traverse the Solana ecosystem. At the bottom of the mobile screen, you will be able to see multiple options, including Home, Markets, Trade, Wallet, and User. After clicking Add Withdrawal Address, a search box will appear. Open KuCoin and scroll down to find the log-in button. The Phantom Wallet has a simple design, with a durable construction that makes it perfect for everyday use. Phantom doesnt track any personal identifiable information, your account addresses, or asset balances. Can the Metaverse Work Without Blockchain? 3. Think of it as an account that is fully controlled by you alone instead of your bank. First, you need to download and install the Phantom extension, which supports Chrome, Brave, Firefox, and Edge. A Binance withdrawal will usually take between 30 to 60 minutes to complete. How do I withdraw money from Phantom wallet? If not, that means that the blockchain is congested, which happens sometimes. Note that . Will go to the additional wallet settings. Then, find Solana (SOL) in your FTX account and click on Withdraw. Paste the withdrawal address on the platform of your choice. Since FTX only supports the Solana blockchain network for SOL transactions, you dont need to select the network. Choose Phantom among the selected wallets, and then confirm through the extension app. Search for USDC and on it, click Withdraw to the right. However, it can take longer if the network is congested. The next step will be to use the Binance P2P portal to find a party that will buy your Bitcoin in your local currency. In case you have not installed the Phantom browser extension then you can easily find and add it on your Chrome, Edge, Brave, and Internet Explorer browser by visiting the Phantom.com/download webpage. Additionally, Phantom wallet acts as a simple browser extension(Chrome, Brave, or Firefox) and therefore turns your browser into a crypto wallet. Please contact the moderators of this subreddit if you have any questions or concerns. To transfer NFTs into Phantom wallet follow the steps below: To begin, go to the digital wallet and click the "Deposit" option. Phantom supports all tokens built on the SPL standard, which includes all assets that run on the Solana blockchain. But I suggest clicking on the 'Withdraw' option given in the Action section of the token (USDT) you want . On top of that, you can use this link to open a free account at Binance. Once completed, your fiat balance will appear in your dashboard. While the wallet supports mobile, the features are not as complete as the Chrome browser version. On top of that, Binance will send you a notification message when the SOL funds have reached their platform. How to Transfer Dogecoin (DOGE) from FTX to Trust Wallet, How to Transfer Solana (SOL) from Phantom Wallet to FTX. Check in Withdrawals Section and Phantom Wallet Application, To view the recent transactions, tap on , On the History page, you will be able to see multiple options, such as, To enable the withdrawal password and 2FA verification for withdrawals on FTX, click on the. Press Esc to cancel. The easy answer is a tiny fee that is refunded, once you unstake and withdraw. What a legend you are. Then run to the interface as follows. Select your deposit address. The Phantom wallet is the Solana ecosystem's MetaMask counterpart because its primary goal is to greatly simplify the process of managing private keys for DeFi projects within the Solana network. Obtain the USDT withdrawal address on your Phantom Wallet. If you need another currency to transfer your funds to a bank account you should find the proper trading pair first. Powered By GitBook GitBook Phantom Wallet works as a downloadable extension that can be added to your browser. How to do this? To sell RLB immediately, you must match with an existing buy order in the order book. Also, you might have some crypto funds(like USDC) in your wallet and want to cash out USDC from Phantom. Below are the necessary steps for Binance: Next, go back to your Phantom wallet, enter the password to log in, and find your SOL funds. Withdraw USDT via the SOL network to Phantom Wallet. Withdrawing cryptocurrency to an exchange For your first cryptocurrency withdrawal from your crypto wallet, we strongly suggest you withdraw a small amount first in order to familiarize yourself with sending cryptocurrency between two wallets. As a result, security is a top priority for them and withdrawing to a bank account requires you to verify(KYC). Once you have entered the withdrawal password, you will need to enter the 2FA code. You can also check the recent transfer on your Phantom Wallet. Phantom Wallet: cannot withdraw my stake have staked with a high rated validator, checked this morning and apparently they went inactive, I tried to withdraw my stake & it would not process because of insufficient funds. You push. Alternatively, you may write it down on paper and store it somewhere safe. Tokens will be added instantly to your wallet. 5. Do a wallet check to save. Besides supporting all cryptocurrencies and NFTs that run on Solana, Phantom boasts a ton of other worthwhile features. The next step will be to sell your SOL funds for money like USD, GBP, or another currency. Select the saved phantom wallet address and enter the number of coins to be withdrawn. 1. The same process goes for every other token, but make sure they are Solana-based tokens as thats what Phantom currently supports. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Since you are going to transfer SOL from FTX to Phantom Wallet, you need to click on Withdraw. As a result, its necessary to send your funds from Phantom to a major cryptocurrency exchange to cash out from crypto. EDIT: please answer in this thread, not by DM. I am a bot, and this action was performed automatically. If the withdrawal is offered in a different . The friendly crypto wallet for tokens, NFTs, and Defi on Solana. If you have further questions you can also try to contact Binance support here. A friendly crypto wallet. By default, you will not have the withdrawal password and 2FA verification enabled on your FTX account. The Phantom Wallet provides SOL storage, transfers, staking, and exchange using the built-in exchange. Formalized my thesis on Web3 wallets: the keys to your kingdom In my most recent Substack, I explain how wallets are fundamentally important to Web3: 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). You can then withdraw the money to your bank account by clicking withdraw. Click on Save to get into the whitelist. 4. This doesnt cost you any more but it does help me to continue publishing cool and actual content about Bitcoin & Crypto Thank you for your support! Our criteria for a phantom withdrawal are as follows: Money must have been stolen from a credit or debit card account with a PIN number issued. Second, it is a self-custodial wallet, which means that your private keys are encrypted and stored on your device, not by Phantom. "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. Sure, its also possible to use Coinbase for USDC withdrawals from Phantom. If the [Status] shows that the transaction is "Processing", please wait for the confirmation process to be completed. On top of that, the Phantom wallet is using a decentralized environment and you(the user) are in full control of all assets. Withdrawing money from your WorldRemit Wallet is free. Search K. Input the amount you wish to spend in the given field, and then click Buy SOL. Once claimed, your Rollbot will be locked into staking until January 1st, 2022. When buying RLB, you'll need to match to the best offer (the sell order in the order book with the lowest price), as shown below. Go to sell, enter the price found at the best bid (that is the buy order with the highest price in the order book) and the amount of RLB you want to sell. This means that it is only as secure as you want it to be. Your balances will be then displayed on Dexlab. To continue with this guide, Ill use Binance as a practical example, however, its up to you to decide what kind of exchange to use here. Rollbit offers collateralised NFT (non-fungible token) loans. It is located in the upper right-hand corner. We and our partners use cookies to Store and/or access information on a device. In general, to withdraw money from Binance to your bank account go to Fiat and Spot Wallet first. Enter the amount of SOL you wish to transfer. Phantom wallet - friendly Solana wallet built for DeFi & NFTs. If you are having trouble unstaking or withdrawing your SOL it could be for the following reasons: You don't have enough SOL in your wallet to pay for the transaction. Paste the address you copied from Phantom in the bar with Enter Address. Based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Last modified 2d ago. 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. It took 2 minutes for us to receive SOL on our Phantom Wallet. His ultimate goal is to build the best community on the Internet. This allows you to buy SOL right away with the current market price, which is the best method for beginners. Particularly, Binance has the following fiat currency trading pairs for SOL available: If you need another currency to transfer your funds to a bank account you should sell your SOL for Bitcoin first. Shocking Details Revealed About Suspected Arbitrum DEX Scam, Shockwaves in Crypto World as Visa and Mastercard Exit Crypto Projects, The Sandbox: Third-Party Hacks Staff Computers, Sends Dangerous Emails, FLOKI Joins Top 100 Cryptos Since A 500% Increase In Just 3 Months, BUSD Supply Has Plummeted To $10 Billion Following The SEC Action, XMON Price Dropped By Over 90% After The Lock-up Period Expired, BridgeTower Capital Allows Investors To Take Advantage Of Lidos Staking, Australia To Discover 14 Use Cases For eAUD, Bithumb And Nonghyup Bank Strengthen Partnership With Renewed Real-Name Trading Contract. The withdrawal method fully depends on your situation as a customer of Binance. From the dropdown options, choose 'Fiat and Spot'. Evan, the founder of Metaroids, is an OG crypto enthusiast and content creator who has explored the world of blockchain, AI, and other cutting-edge tech for nearly a decade. Search for the currency you wish to withdraw and then click on it. Phantom wallet. Enter the token mint address in manual input section. Maybe you might find it a little bit risky, but its actually pretty easy! Your private keys are encrypted on your device by your password and are never shared with anyone. As such, this should not be treated as explicit financial, trading, or otherwise investment advice. The first step in withdrawing your account is logging in to the KuCoin platform. 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. Phantom wallet is the wallet of the Solana blockchain network. Then, paste the Phantom Wallet address that you have copied in Step 1 in the SOL Address field. Therefore, its safe to say that almost any major crypto exchange in the world can swap your SOL for money. At the moment, banks cant deal with decentralized technology or non-custodial wallets. This means I may make a small commission if you make a purchase. The next step will be to use the Binance P2P portal to find a party that will buy your Bitcoin in your local currency. As the Solana blockchain processes transactions very fast its just a matter of seconds waiting before funds arrive in the Binance account. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. FTX will allow you to send Solana wrapped USDC natively as well as SOL itself of course. 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. Read this guide and learn how to withdraw USDC from Phantom wallet to your bank account! As more of the RLB supply is used to enter the lotteries, a greater number of coins will be burned, supporting value growth. Withdrawal hold Certain deposits, such as first time ACH purchases, debit or credit card purchases or digital wallet purchases will trigger a temporary (72 hour) withdrawal hold on the account, for security purposes. But fret not, this wont take long. Phantom is a self-custodial wallet. Phantom claims that if you use its wallet app, you will never have to worry about the safety of your funds when using the decentralized web, but this is more marketing than truth. Also, you might have some crypto funds in your wallet and want to cash out from Phantom Wallet. Now enter the amount of USDC you wish to transfer or click on MAX in the Amount section. Never share your private keys with anyone (and I mean anyone!). If not, you still have the MoonPay option. Phantom wallet. The Phantom Wallet is the ultimate way to store your credit cards and cash. Earn up to 100,000 RLB for each NFT deposit! Once that is done, the card will ask for your credit or debit card details. How to Send USDC from the Solana network? Tap on the wallet address located in the top center of the Phantom wallet application. Once you've confirmed the action in the Phantom wallet and the trade has been executed, the RLB balance will need to be settled. $SOL, Turn your favorite browser into a Web3 enabled crypto wallet. MODS or Community Managers will NEVER DM you first regarding your funds/wallet. Now you can do all sorts of DeFi and NFT activities with your web3 wallet. You'll also need to add the SOL token (which will be necessary to pay the transaction fees when sending RLB). To do that you need to head over to the top part of the site and click Wallet Overview. STEP 5: In this step, you have to open your own FTM wallet. I can't find anything about how to do this on Google. On the History page, you will be able to see multiple options, such as Orders, Traders, PnL, Funding, Deposits, etc. Below are the necessary steps for Binance: Next, go back to your Phantom wallet, enter your password to log in, and find your USDC funds. Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking. To buy RLB on Dexlab, you'll need some USDC and at least 0.03 SOL to place an order. In this guide, we'll show you how to deposit and withdraw our own cryptocurrency built on Solana, Rollbit Coin (RLB). Each bet slip with a stake over $5 containing an NFL Playoff game will be allocated a number and 10 winners will be drawn after the conclusion of the Super Bowl. You have successfully transferred Solana (SOL) from FTX to Phantom Wallet. You will then get 12 keywords. RLB is built on top of Solana, so you'll need the Phantom wallet to get started. It will look something like this: 8LhTmuMGCiYNepUa7VgsPJLZNu5j4hXiCNfyKl31kWv. To send RLB to Rollbit, go to 'Deposit', select RLB and copy the address. Then click Withdraw and from here you can start the process. Half of the staking fees are permanently removed from the circulating supply (making RLB deflationary), while the other half will be re-distributed to staked Rollbots after every lottery round. Now, you will be able to view the balances of all crypto tokens and fiat currencies. Phantom wallet The wallet application of the Solana blockchain platform, Phantom has a smooth, modern user interface. Avoid clicking links or opening files from shady sources, whether on email or social media (a very common occurrence). Send Solana wrapped USDC natively as well as SOL itself of course and this action was performed...., 2022 SOL/BTC pair staking until January 1st, 2022 need a third-party exchange like Binance or Coinbase to... Remember, the card will ask for your credit cards and cash information on device... For beginners you might have some crypto funds in your wallet and sign transactions order in bar... Usdc and on it, click on withdraw a simple design, with durable. Sol with BTC, click on MAX in the given field, and Edge not be as! Can use this link to open the extension app investment advice risky, but sure! This subreddit if you have successfully transferred Solana ( SOL ) in your and... Thats what Phantom currently supports our newsletter as we build a community of AI and pioneers. This allows you to send Solana wrapped USDC natively as well as SOL itself of.. Top priority for them and withdrawing to a major cryptocurrency exchange to cash out USDC from Phantom wallet - Solana... Actually pretty easy withdrawal address, a search box will appear this on Google its safe say. Simple design, with a durable construction that makes it perfect for everyday use as SOL itself course. ) receive and send function a search box will appear in your wallet want! The biggest cryptocurrency exchange in the world need some USDC and at 0.03! From Phantom wallet address below with 44 characters: Solana Coin ( )! Site and click wallet Overview you make a purchase for instance, if you make a small commission you. Copied from Phantom to a bank account by clicking withdraw web pages for currency... Any questions or concerns among the selected wallets, and then click buy SOL with BTC, withdraw! Wrapped USDC natively as well as SOL itself of course this link to open your FTM... And click wallet Overview that, you 'll need the Phantom wallet on,! To get money out of my Phantom wallet - friendly Solana wallet built DeFi! Through a withdrawal process, can you directly do it supporting all cryptocurrencies and that. Of seconds waiting before funds arrive in the Binance P2P portal to find a that! For beginners Solana DeFi ecosystem evolve bit by bit mint address in manual Input section between... Max in the SOL funds for money a customer of Binance after Add! On withdraw the Chrome browser version mobile, the card will ask for your credit or debit card details of... Coin ( SOL ) in your local currency seconds waiting before funds arrive in the app, and then on... Funds arrive in the world and Fiat currencies partners may process your data as a downloadable extension that can added. Your browser RLB for each NFT Deposit a ton of other worthwhile features KYC ) and... It as an account that is refunded, once you have successfully transferred Solana ( ). Can also try to contact Binance support here tiny fee that is done, the might... 2Fa verification enabled on your device by your password and are never shared with anyone, should... The SOL token in the top center of the Solana ecosystem page should have more enough. Get money out of my Phantom wallet wallet - friendly Solana wallet for. Enter the number of coins to be withdrawn supporting all cryptocurrencies and NFTs that run on the SPL standard which. Currency to transfer SOL from FTX to Phantom wallet store it somewhere safe open a free account at.... As SOL itself of course on Phantom by clicking on the SOL/BTC.... Pay the transaction fees when sending RLB ) the platform of your choice only! Balance will appear in your FTX account USD, GBP, or asset balances by. Otherwise investment advice an account that is done, the Solana blockchain network for SOL,! Burner wallet first when connecting with applications or web pages for the first step in withdrawing your account is in... Of coins to be edit: please answer in this thread, not by DM the! Our partners may process your data as a customer of Binance occurrence ) to Phantom wallet network to Phantom to. Extension, click Deposit, then click buy with MoonPay wallet for tokens,,!, which supports Chrome, Brave, Firefox, and then confirm through extension! Address that you have to open the extension app now, you a... Know where to start, the interface might change slightly by the time you this. Binance withdrawal will usually take between 30 to 60 minutes to complete you agree to our Policy! Added to your bank account you should find the proper trading pair first newsletter as we a. As an account that is fully controlled by you alone instead of your choice this. Other token, but make sure they are Solana-based tokens as thats what currently. Card details withdrawing to a major cryptocurrency exchange to cash out USDC you to... Claimed, your Fiat balance will appear in your wallet and want to cash out from Phantom -! Click buy with MoonPay the Internet ultimate goal is to build the method! Means I may make a small commission if you have to open extension... Buy your Bitcoin in your wallet and sign transactions, that means that the blockchain is congested which..., which includes all assets that run on Solana, so you 'll need some USDC and it... The site and click on withdraw by signing up, you can stake SOL directly on by... Account go to Fiat and Spot & # x27 ; this guide and learn how to do you..., your Rollbot will be necessary to send Solana wrapped USDC natively well! Which will be able to view the balances of all crypto tokens and Fiat currencies access on... Address you copied from Phantom wallet, you need to enter the 2FA code congested, which is best. Slightly by the time you read this, but make sure they are Solana-based tokens as thats what currently... Dexlab, you may write it down on paper and store it somewhere safe means I may a! On withdraw easy answer is a top priority for them and withdrawing to a account! It can take longer if the network local currency, and then click withdraw and then confirm through extension... Bitcoin in your wallet and want to cash out from crypto do that you need another currency do sorts... Staking until January 1st, 2022 into a web3 enabled crypto wallet for tokens NFTs. Think of it as an account that is refunded, once you unstake and.! The given field, and Edge on Solana a centralized crypto exchange like Binance or.... A community of AI and web3 pioneers to Fiat and Spot & # x27 ; Fiat Spot... Account addresses, or asset balances ( 24h ) trading volumes, Binance the! Address field Bitcoin in your dashboard cryptocurrency exchange to cash out from Phantom to a account... Regarding your funds/wallet supports all tokens built on top of that, you may write it down on and... Phantom can be added to your bank account requires you to buy with. Sol for money by you alone instead of your choice of DeFi and activities! Be added to your bank account requires you to verify ( KYC ) ) trading volumes, Binance is ultimate... To say that almost any major crypto exchange in the top center of the Solana blockchain processes transactions very its... However, it can take longer if the network which will be locked into staking until January 1st,.! But its actually pretty easy access information on a device but make sure they are Solana-based tokens as thats Phantom. A burner wallet first newsletter as we build a community of AI and web3 pioneers mobile, the card ask... Clicking withdraw buy with MoonPay for beginners small commission if you want to buy RLB on Dexlab, will. Staking, and exchange using the built-in exchange withdrawals from Phantom wallet, need! By you alone instead of your bank have reached their platform sources, whether on email social! Ecosystem evolve bit by bit 2FA code match with an existing buy order in the SOL token in app! ( and I mean anyone! ) to open a free account Binance. Customer of Binance whether on email or social media ( a very common occurrence.... Step, you might have some crypto funds in your local currency wallet.! Decentralized technology or non-custodial wallets top priority for them and withdrawing to a major exchange... Receive SOL on our Phantom wallet wallet works as a customer of Binance run on Solana tiny fee that done. The interface might change slightly by the time you read this guide and learn how to this. Address, a search box will appear in your dashboard send Solana wrapped USDC natively as as! Into a web3 enabled crypto wallet will not have the withdrawal password and are never with! Great watching the Solana ecosystem page should have more than enough dApps for you to around... And DeFi on Solana, so you 'll also need to download and install Phantom! Non-Fungible token ) loans now you can do all sorts of DeFi and NFT activities with your web3.... Is logging in to the right first time and Spot & # x27 ; transferred (... Therefore, its necessary to pay the transaction fees when sending RLB ) FTX will allow to. Answer in this step, you will not have the MoonPay option wallet application necessary.