Phantom App Review – Is This App Truly Trusted By 3 Million Users?

Even though the owners of the Phantom app present us with ownership details, there are no transparent addresses or contact options revealed. That’s quite an important detail that can diversify good from bad wallet providers.

But even at first glance, you can’t say this company looks top-notch. To find out all the risks you are taking with this company, make sure to read this Phantom app review carefully.

Who Is Phantom App?

Phantom app is a non-custodial hot crypto wallet created by Phantom Technologies Inc. This firm has anonymous origins, and for a company that offers a sort of financial services, they have quite a childish approach. Firstly, the company doesn’t reveal true owners and team staff. Instead, they present you with avatars called Brandon, Francesco, etc.  Of course, none of those avatars lead to some social media accounts like LinkedIn. 

Nevertheless, let’s discuss the regulatory aspect. Since the company doesn’t provide financial services or advice but only an app for crypto transfers and storage, it is not required to be regulated. Yet, that allows it to manipulate whatever it wants. To find out how more transparent firms operate, check our Toggle AI review. 

What Users Think About Phantom App?

Quite a surprising detail is that there are only 14 Phantom app reviews available on Trustpilot. Since the company presents us with a pool of traders of 3 million, it’s not reasonable that there are only 14 comments. Especially when you see 90% of them are negative. But of course, that can’t be taken as proof of anything. 

In reality, there must be many more traders with negative experiences. In any case, the key problem appears to be platform and ICO manipulations. Definitely not something traders want to see. But for more clarity about reviews and crypto trading features, we invite you to read our OWNR Wallet review as well.

Key Phantom App Wallet Features

Besides regular crypto staking and swapping features any crypto wallet offers, you can have some additional features here. Even though these might look attractive and promising, there are a few details you should know. 

The key features available with this wallet are token and NFT listings. Practically anyone can offer their own tokens and NFTs. Therefore, the app security is completely meaningless. Indeed, yes, the company doesn’t have any access to your money since it’s a non-custodial wallet.  However, with closed-source code, you never know what happens behind the scenes.

Is The Phantom App for IOS and Android Devices Available?

Indeed, yes. Phantom app download options are available in trusted stores like PlayStore and AppStore. Besides the Phantom app for Android and iOS, you can also install the Chrome extension for easier access. 

All in all, it appears the company after all has more than 5 million downloads of their crypto wallet. That’s quite a positive thing, considering all the negative reviews. 

Security Features With Phantom App

Generally speaking, the main protection here is the fact the wallet is non-custodial. However, it’s a hot wallet that is vulnerable to online threats. On the positive side, this app can be easily integrated with Ledger to protect your crypto. 

Additional notable options are scam detection flags for malicious transactions and bug bounty features.

However, with open-source code, you never know what can be imported at any time. That’s why keeping the Phantom app password phrase safe is crucial for protection. 

What Cryptos The Platform Support?

With any crypto wallet provider, you can find similar token offerings. However, if the security matches your requirements, you won’t care much about what they have, especially since crypto wallet expansions are quite common. For instance, the Phantom app crypto offer supports tokens from Ethereum, Polygon, and Solana networks. 

This allows you to trade a whole lot more tokens with these different ecosystems. Some of the primary choices in this case could be: 

• ETH
• SOL
• MATIC and many other ERC-20 or ERC-721 tokens.

On top of that, users can trade a wide range of NFTs. Yet, after all the negative reviews, you should be careful which ones you are choosing. 

What Are Fees Included?

When it comes to the app itself, it’s completely free of charge. Therefore, you don’t have to worry about being charged for some nonsense reason. However, when you are swapping tokens, you can expect swap fees. 

Since these solely depend on the network conditions, you should be prepared for anything. Sadly, that can also dictate your moves quite often. But it’s up to you to accept them or decline the offer and wait for a better offer.

Summary: Is The Phantom App Worth It?

Using Phantom app store features can be worth it, even though users are reporting potential issues. In general, this app can’t be compared to top-tier wallet providers, regardless of the Phantom app iOS and Android download rate. 

Crypto staking can be profitable, but you rely highly on other users and luck. Also, these are mostly long-term investments. Meanwhile, we recommend you apply for funding programs where you can earn profits without exposing your capital to the market. Indeed, it’s possible. Companies like Funded Trading Plus offer a funded account with up to $200k after traders pass the evaluation phases.

Therefore, if you have the right strategies or use automated tools, this can be quite a profitable journey, especially since the profit split goes up to 90%. That’s quite a fair deal with zero risk of losing your money in trading. Sign up today with Funded Trading Plus, a highly trusted UK-based trading firm, and find out all the possibilities of prop trading starting today.

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