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How to Swap Crypto in Phantom Wallet (Browser Extension)

#Airdrop Farming
2025-10-28 15:239 min read

Content Introduction
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In this video, the presenter demonstrates how to swap cryptocurrencies using the Phantom Wallet browser extension, specifically on the Solana blockchain. The tutorial assumes that viewers have the Phantom wallet set up and provides a walkthrough of the swapping process for tokens like SOL and USDC, highlighting the importance of having sufficient gas fees for transactions. The video explains how to navigate through the swap interface, what fees to expect (including a 0.85% fee for using the Phantom wallet), and emphasizes the cheaper options available through decentralized exchanges. It concludes with tips on saving on fees and the benefits of using alternative platforms rather than relying on Phantom's built-in swapping feature.

Key Information

  • The video tutorial demonstrates how to swap cryptocurrency in a Phantom Wallet using a browser extension.
  • It assumes viewers already have a Phantom Wallet set up and provides a link for wallet setup if needed.
  • The process includes selecting the asset to sell and the one to receive, with the fees needing to be paid in the respective blockchain's gas coin.
  • Different blockchains, including Solana and Ethereum, have different gas fees that users must account for before swaps.
  • Typing in the desired amount will show the exchange rate and the amount one will receive after the swap.
  • Using decentralized exchanges like Radium can save on fees instead of using Phantom's swap function which charges 0.85%.
  • The video explains that users can access other exchanges to swap coins and avoid unnecessary fees.

Timeline Analysis

Content Keywords

Phantom Wallet

This video tutorial demonstrates how to swap cryptocurrencies in your Phantom Wallet using the browser extension. It covers the setup for the wallet, how to access the swap interface, and steps to exchange tokens like Soul and USDC on the Solana blockchain.

crypto swap

The video explains the process of swapping crypto assets within the Phantom wallet, highlighting the importance of having sufficient tokens for transaction fees, known as gas, which varies based on the blockchain used.

transaction fees

It addresses transaction fees encountered when performing swaps. It mentions the gas fee associated with the Solana blockchain and the additional charges incurred with using the Phantom wallet.

exchange rates

The tutorial emphasizes to users how the exchange rates for swapping assets may fluctuate and how to view these rates during the transaction.

decentralized exchange

The video suggests using decentralized exchanges to potentially avoid paying high fees associated with the Phantom wallet and illustrates how to connect to exchanges directly for swapping.

Solana blockchain

Specific instructions and examples are given for performing swaps on the Solana blockchain, including how to manage balances and exchange different tokens.

USDC

The tutorial shows how to convert Soul into USDC as an example of a token swap within the Phantom wallet, demonstrating the ease of the process.

trading bonuses

The creator mentions potential trading bonuses available on different exchanges for users who follow links provided in the description.

Related questions&answers

What is the purpose of this video?

The video demonstrates how to swap crypto in your Phantom Wallet on the browser extension.

Do I need to set up a Phantom Wallet before following this video?

Yes, it's assumed you have the wallet set up already. If not, a link to a setup video is provided in the description.

What tokens are being swapped in this video?

The tokens being swapped are Soul and USDC on the Solana blockchain.

What do I need to pay for when swapping crypto on the blockchain?

You need to pay a transaction fee, known as gas, depending on the blockchain you are using.

What cryptocurrency do I need for transaction fees on the Solana blockchain?

You need to pay gas fees in Soul on the Solana blockchain.

How much does it typically cost to swap on the Solana blockchain?

Transaction fees on the Solana blockchain are generally very low, often around 4 cents.

Is there a fee when using Phantom Wallet for swaps?

Yes, there is a 0.85% fee for swaps within the Phantom Wallet.

What alternatives are there to swap cryptocurrencies without incurring fees?

You can use a decentralized exchange directly, which eliminates the Phantom Wallet fee.

How do I check the exchange rate when swapping?

You can check the exchange rate on the swap screen in your Phantom Wallet before confirming the swap.

What happens to my balances after a swap?

After a swap, your balances will reflect the new amounts of the swapped tokens; you'll have more USDC and less Soul.

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