Phantom supports all tokens built on the SPL standard, which includes all assets that run on the Solana blockchain. Once that is done, the card will ask for your credit or debit card details. Continue with Recommended Cookies. The plan you might have is to swap USDC for the money you need to send your USDC funds from Phantom to Binance here. [emailprotected] is leading the charge for better crypto UX huge props to Chris Kalani @fragosti @BChillman and the rest of the team! Click on the 'Wallet' option in the menu bar. Here are 5 steps you'll need to transfer USDC to your Phantom wallet: Buy USDC on a platform that enables USDC withdrawals via the SOL network. 4 [deleted] 1 yr. ago Good luck! Next, the app will ask for your basic details, including your full name, date of birth, nationality, and address. Click on Receive. [emailprotected] is everything I've ever wanted from a web wallet. Once you have entered the withdrawal password, you will need to enter the 2FA code. Just make sure that you have received the funds by going to your USDC wallet on Binance. To send RLB to Rollbit, go to 'Deposit', select RLB and copy the address. Paste the withdrawal address on the platform of your choice. Definitely yes! When expanded it provides a list of search options that will switch the search inputs to match the current selection. Rollbit offers collateralised NFT (non-fungible token) loans. If you have further questions you can also try to contact Binance support here. Phantom allows you to view your NFTs directly on the wallet app by clicking the Collectibles tab (the second tab from the left). Selling funds on Binance is a very smooth exercise because of the high volume in the order books. Rollbots must be staked at any time during the month to receive their share of RLB. Need to reach us? For instance, if you want to buy SOL with BTC, click on the SOL/BTC pair. Enter the amount of SOL you wish to transfer. From here, you'll be able to see your total Dapper Balance including both your withdrawable and non-withdrawable balances. Phantom is a self-custody wallet that includes DeFi services such as on-platform altcoin swapping, an NFT marketplace, and staking services. You have to convert it into USD somehow and then withdraw it from a centralized exchange. Ever. Our hotline (02)882-26467 (882-COINS) is also available from 9am - 6pm, Mondays to Fridays. Paste the address you copied from Phantom in the bar with Enter Address. Now that you have copied your wallet address, its time to head back to your Coinbase account. Once completed, your fiat balance will appear in your dashboard. If you want to cash out USDC you need a third-party exchange like Binance or Coinbase. Double-check if every info is correct, especially the wallet address, then hit Send now. Currently, only the wallet's browser extension is supported, thus, users must use a desktop device to link their Phantom wallet to our platform. Enter the token mint address in manual input section. When I used @phantom for the first time I was blown away at how good it was, better than anything I'd used inside or outside of crypto. However, the team plans to introduce support for Ethereum and Ethereum-based layer-2 protocols and sidechains, such as Arbitrum, Polygon, Plasma, etc. In this case, I chose the SOL/USDT pair and clicked on it. Be sure to check your email and input the code in the app, then click Continue. I have some Sol in Phantom Wallet, which I deposited with Moonpay, but now I want to take it out, ideally to Paypal in USD. Moreover, where the Solana blockchain network is designed to handle transactions fast, Phantom wallet is the place to store your tokens. In the Phantom wallet, select RLB, click 'Send' and paste the deposit address from Rollbit into the 'Recipient's RLB Address' field. Click the Withdraw button. From there, click on the ' Dapper Balance ' button. First, you need to open the extension, click Deposit, then click Buy with MoonPay. However, we'd recommend waiting until the majority of supply has been fully distributed to Rollbot holders (~77% of total supply) before buying RLB. It works by generating and managing private keys on behalf of users that allow them to store funds and sign transactions. Solana(SOL) is the currency being used to handle transactions and can also be stored, staked or sold within the Phantom wallet. The first trade would be to sell USDC for BTC(Buy Bitcoin) and then sell BTC for fiat currency(USD, EUR, or any other). Particularly, as Phantom is a wallet compatible with the Solana network you need to make sure that the withdrawal happens on this chain. Therefore, after finalizing your order your funds(money) will be available in your account for transfer straightaway. Note that . All in all, this is the fastest way to cash out crypto from Phantom wallet to your bank account. For your help, we have described the step-by-step guide to withdraw SOL tokens above in this post. Then, paste the Phantom Wallet address that you have copied in Step 1 in the SOL Address field. A crypto wallet reimagined for DeFi & NFTs. For instance, if you are living in the European Union Area you can withdraw EURO instantly. Your order should immediately go through. Therefore, we recommend you always follow security best practices such as: Yes, Phantom is available on both Android and iOS. Again, when you want to withdraw money from Phantom wallet by starting a money transfer process, you need to send your funds elsewhere. Finalize the withdrawal of funds from Phantom by giving the amount of SOL and approve the transaction. Visit the FTX website. Additionally, you can use the exact same procedure for money withdrawals to Coinbase as well. This is the secret key phrase to restore the wallet. From personal experience with this wallet, I feel that I can use the phantom wallet which can incorporate the swap function available in the wallet, moreover, the wallet functions are very complete and easy to use in the same application. Now tap on your USDC funds and paste the Binance USDC address from the clipboard into the USDC Phantom recipient address. Additionally, Phantom wallet acts as a simple browser extension(Chrome, Brave, or Firefox) and therefore turns your browser into a crypto wallet. Powered By . Physically record your recovery phrase and store them somewhere safe. All you need to do is click on the middle tab (see figure) and choose which tokens to swap. Now, step by step you will : Select the amount of SOL to transfer. With this in mind, the Phantom wallet is one of the available tools on Solana to use. Remember that Phantom can store all kinds of SPL tokens where USDC is just one of them. After installation, click on the Phantom icon in your browsers Extensions to run the program. Now, head over to the search bar and find the right SOL pair for you. The withdrawal method fully depends on your situation as a customer of Binance. More information on how to use Binance P2P portal here. At this point, you have two choices. Each Solana compatible token stored on Phantom can be managed through the Solana network. Just make sure that you have received the Solana funds by going to your wallet on Binance. We always recommend that you do your own research before making any investment.#PhantomWallet #Solana #SolanaWallet So, after a few minutes, click on the Withdrawals section. Now you can do all sorts of DeFi and NFT activities with your web3 wallet. In other words, to get money out of my Phantom wallet you need a centralized crypto exchange like Binance. In fact, turning crypto into fiat currency is a common issue when dealing with decentralized wallets. You can connect to just about any dApp that runs on the Solana blockchain, whether they be DEXs, NFT marketplaces, other web3 platforms, and many more. Creating a wallet will also require a series of steps. To learn more about RLB, check out the whitepaper! Your private keys are encrypted on your device by your password and are never shared with anyone. With a valuation of $1.2B and 2 million active monthly users, Phantom is considered the market leader among Solana-based wallets. Or write it down on paper to keep. Crypto believer and 'Hodler' of Bitcoin since the early days. 2. You can do this by clicking on the wallet button that is typically placed on the top-right section of a dApp webpage (9 times out of 10 you can find it there! 2) Select the cryptocurrency you are withdrawing Locate the digital currency you want to send and then scroll down until you see the 'Withdraw' button. The next step is to create a new account or import an existing account. Tap to paste (copy) the address into Sollet Wallet to withdraw it. Do not share this key phrase with anyone or lose this key phrase as if you lost your wallet. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Remember, this phrase is extremely important as it is the only thing that could recover your account in case something happens to your device. Keep it out of anyones eyes. At this point, the withdrawal process for USDC from Phantom to Binance has been finished. . 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. 1) Navigate to your 'Accounts' section of the app Log in to your account and click on 'Accounts', located at the bottom left of the page. For instance, if you are living in the European Union Area you can withdraw EURO instantly. Maybe you might find it a little bit risky, but its actually pretty easy! First of all, you need to open an account which shouldnt be a complicated step. At the moment, banks cant deal with decentralized technology or non-custodial wallets. Click on the Add to Chrome button on the chrome extensions page. If your wallet does not have an address on the whitelist in your Binance account, a message will be displayed as follows. All information in the article is from CoinCu itself and Coi and researched informationn68 is not responsible for direct and indirect risks. crypto wallet Phantom makes it safe & easy for you to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain. I still have over 3.0 Sol in my account , do I need more, or is this a system error? How To Withdraw From Phantom To Bank Account, Step 1: Create an Account at a Crypto Exchange(Binance), Step 3: Sell Solana on Centralized Exchange, Step 4: Select Binance Withdrawal Methods, Step 5: Receive the Money On Your Favorite Payment Method, How to withdraw from Phantom Wallet to Bank Account FAQ, How To Withdraw From Phantom Wallet To Bank Account. and whitelist. However, if you want to withdraw your funds through a withdrawal process, can you directly do it? 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. But you can check the status of the transaction on the exchange. Choose Solana from the drop-down, paste your Phantom address in the right field, and input the amount you want to spend. REPEAT AFTER ME SOLANA NETWORK FOR SOL/SOLANA. Unfortunately, there isnt a direct way to transfer your funds from Phantom to an external bank account. Note that you will need to download the wallet app and deposit some SOL in it. Here in this read, you will learn the way to withdraw SOL tokens from thePhantom Wallet. 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. Example: If you sent VET to your ETH wallet, select ETH - Ethereum in this field. The Phantom Wallet has a simple design, with a durable construction that makes it perfect for everyday use. Once withdrawn, the funds will be sent to your wallet and appear in your balance after the transaction has confirmed (typically less than 10 seconds). Choose Phantom among the selected wallets, and then confirm through the extension app. Firstly, its code was independently audited by cybersecurity firm Kudelski Security; and the company holds bounty programs regularly to reward white-hat hackers who report vulnerabilities in the app. How To Withdraw USDC From Phantom Again, when you want to send USDC from Phantom wallet by initiating a withdrawal, you need to send your funds elsewhere. Binance has an authentication function Withdraw wallet and whitelist. When you successfully log into your account, click on "Balance". 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. The application of a phantom coating starts with a classic cleaning process, where we recommend the Chem-Tools MasterCollection. Good luck! To transfer Solana (SOL) from FTX to Phantom Wallet, there will be zero withdrawal fee applicable. Now open to anyone: https://t.co/Y3sK6rwkuN https://t.co/ouGDLZg7Dh, Absofriginlutely loving the @phantom wallet on Solana. Phantom reserves the right to modify these fees, and the pairs on which they are charged, at any time in . And voila! Phantom is compatible with Ledger hardware wallets. How to do this? Enter the amount of SOL you wish to transfer. Log in to your Binance account and click [Wallet] - [Overview] - [Transaction History] to view your cryptocurrency withdrawal record. The Phantom wallet is a significant factor in the decentralized Solana ecosystem. Sure, its also possible to use Coinbase for USDC withdrawals from Phantom. Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking. Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 1 - At the right, in the Transact Pane, click From and select asset and the amount you want to withdraw 2 - Click To and select a Crypto network 3 - Tap Preview withdrawal 4 - Enter your private wallet address 5 - Tap 6 - Enter your 6-digit code generated by your authenticator app 7 - You're done! Based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. I have wallet like below, Here is the instruction to withdraw Coin SOL from the Binance exchange. Then, to withdraw, follow these steps: Sign in to your Kraken account and navigate to Funding. 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. Paste the withdrawal address on the platform of your choice. And click Select. How To Withdraw From Phantom To Bank Account Again, when you want to withdraw money from Phantom wallet by starting a money transfer process, you need to send your funds elsewhere. If you already have a Sollet wallet, you can restore the wallet and select Use secret recovery phrase. Approve further confirmation prompts, and then youre all set. Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking. You have to convert it into USD somehow and then withdraw it from a centralized exchange. If you are a US resident, visit the FTS.US website. In this Phantom Wallet tutorial, I show you how to send, receive, stake and swap on the Solana blockchain. Transfering SOL from Binance to Phantom wallet is a simple task. Once you have downloaded the Phantom wallet, write down your seed phrase and use a secure password. Open Phantom mobile app or browser extension, If required, provide login details to access the wallet account, Now, find and click the Solana Token Balance option, Choose the Your Stake Now option to proceed, Select the staking account from which you want to withdraw SOL, Now, find and click the Withdraw SOL option, Enter the SOL amount that you want to withdraw, Now, you need to provide the destination details, Make sure that the details are correct and click the Confirm button, Now, you have completed the SOL withdrawal process. options typically include cash pickup, bank transfer or mobile money transfers etc). However, sometimes withdrawals could take up to 24 hours to process. You can also store it on different devices, but I highly recommend you encrypt each copy. Save my name, email, and website in this browser for the next time I comment. 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. Up until January 2023, Evan has been writing on Metaroids under the pseudonym Falkris. By default, every user can borrow up to $100,000 from. Phantom wallet is a very important factor in the decentralized Solana ecosystem. How to Send USDC from the Solana network? Here are 5 steps you'll need to transfer USDT to your Phantom wallet: Buy USDT on a platform that enables USDT withdrawals via the SOL network. The Process to Withdraw SOL from Phantom Wallet Make sure that you have linked a bank account with your wallet and follow the steps that are given below: Open Phantom mobile app or. This password is used to quickly unlock the wallet and sign transactions. RLB is currently listed on Dexlab, where you can trade RLB for USDC, and more exchange listings will happen in the near future. The system will now automatically update your wallet. The system automatically selects the SOL network. However, to accomplish this an additional verification step is required. How to Withdraw Money from Phantom To Bank Account // Cash out Solana on Phantom Wallet Tech Express 8K subscribers Subscribe 63 Share Save 5.9K views 10 months ago If this tutorial helped. Powered By GitBook GitBook As a result, you need to perform two trades on the trading engine. If you are unable to withdraw your cryptocurrency balances from Kraken, there may be several reasons for this. After that, the app will ask for your email, where it will send a verification code. Spread funds across multiple wallets, especially if you have large holdings. Phantom wallet - friendly Solana wallet built for DeFi & NFTs. As I'll touch on later, relayers and dispatchers allow users to have seamless interactions as they would with any normal "web2" application. Then, you can exchange those tokens for fiat money (USD) by launching another DApp like Raydium. 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