Explore Bitcoin and Ordinals with Phantom wallet (2024)

Note: Bitcoin is out of beta and available for all users as of May 30, 2024.

Without Bitcoin, there’d be no web3.

The revolutionary crypto, along with its blockchain, kicked off this movement and industry that we all love so much. And regardless if you’re a Solana or Ethereum maxi, or a multichain enjoyooor, there’s no denying that we wouldn’t be here without it.

With that said, we’re thrilled to launch Bitcoin (₿eta) on Phantom. Now, you don’t need to hold your BTC on centralized exchanges or download unfamiliar wallets to collect Ordinals—you can do everything right from your favorite multichain wallet.

Bitcoin’s better with Phantom

Since launch, we’ve focused on making crypto safe and easy to use. And now, we’re doing the same for Bitcoin, Ordinals, and BRC-20 tokens.

One wallet for everything

With Phantom, you have the best of Solana, Ethereum, and Bitcoin all in one. This means you can grow your SOL, ETH, and BTC bags, build a collection of the hottest NFTs and Ordinals, swap tokens across chains with ease, and explore all the best DeFi apps from the most user-friendly wallet. No more dealing with centralized exchanges!

Your trusted companion

With the introduction of Ordinals and the BRC-20 token standard, NFTs and tokens are now on Bitcoin. But with different terminology and technical considerations, it can be confusing or intimidating to get started. Not anymore. With Phantom, you can explore the exciting world of Bitcoin, Ordinals, and BRC-20 tokens in a safe and easy way.

Features you’ll love

  • Full Bitcoin support: Buy, sell, trade, transfer, and HODL BTC, Ordinals, and BRC-20 tokens.
  • Easy address management: Toggle Bitcoin addresses on and off in settings to use Taproot and Native Segwit as you wish.
  • Transaction overviews: See important transaction details at a glance, such as ETA and estimated balance changes. Plus, we convert BTC-denominated values to USD to give you better context.
  • Inscribed and rare sat protection: Never "spend” your Ordinals, BRC-20s, or rare sats by accident.
  • Connected apps: Browse, buy, list, and inscribe Ordinals and BRC-20 tokens on Magic Eden and UniSat.
  • Immersive ordinals gallery: View, search for, and pin Ordinals in your Collectibles tab.
  • Automatic spam detection: Stay safe from scams while spam Ordinals are automatically filtered and hidden in your Collectibles and Activity tabs.
  • Rich Ordinals metadata:

How to enable Bitcoin

Bitcoin support is currently in beta so it’s 100% opt-in. Don’t want to use it? No problem, it’s off by default. Want to try it out? You can turn it on in a few clicks.

If you’re ready to explore Bitcoin, Ordinals, and BRC-20 tokens in our wallet, you can do so by activating the network. Here’s how:

Step 1: Open your Phantom wallet on mobile or browser

Step 2: Go to ‘Settings’

Step 3: Select ‘Active Networks’

Step 4: Toggle ‘Bitcoin’ on

Once you do this, Bitcoin, Ordinals, and BRC-20s will be enabled in your Phantom wallet.

How to enable Taproot

We support Native SegWit and Taproot, each with its own balance. Native SegWit is the default BTC address, but you can also turn on Taproot whenever you want. Here’s how:

Step 1: Open your Phantom wallet on mobile or browser

Step 2: Go to ‘Settings’

Step 3: Select ‘Preferences’

Step 4: Select ‘Preferred Bitcoin Address’

Step 5: Toggle ‘Taproot’ on

Once you do this, both Native SegWit and Taproot will be enabled in Phantom. You can adjust your address preferences any time in settings.

How to get started

You can get started with Bitcoin, Ordinals, and BRC-20 tokens in Phantom by importing an existing Bitcoin wallet. Here’s how:

Import an existing Bitcoin/Ordinals wallet

Step 1: Open your Phantom wallet on mobile or browser

Step 2: Go to ‘Settings’

Step 3: Select ‘Manage Accounts’

Step 4: Select ‘Add/ Connect Wallet’

Step 5: Select ‘Import Secret Recovery Phrase’

Step 6: Input your 12-24 word secret recovery phrase

Step 7: Select ‘Import’

  • Important note: For ₿eta, when you import a Bitcoin-only secret recovery phrase, your wallet will appear empty if you haven’t yet activated Bitcoin in the settings. If this happens, don’t worry, your assets will display as soon as you activate the Bitcoin network.

Other than importing an existing Bitcoin wallet, you also have the option to receive BTC/Ordinals from an existing wallet or buy Bitcoin right in Phantom.

Looking ahead

Supporting Bitcoin and Ordinals is another step towards fulfilling our mission to make crypto safe and easy for everyone.

For now, we’ve limited our beta to a select number of trusted apps, such as Magic Eden and UniSat, but we plan to support more apps soon. We also plan to add other Bitcoin-friendly features such as Ledger support, custom gas fees, and more.

Stay tuned!

Explore Bitcoin and Ordinals with Phantom wallet (2024)

FAQs

Does Phantom wallet support Ordinals? ›

On-ramps: Phantom supports multiple on-ramps to trade BTC, Ordinals, and BRC-20 tokens within the wallet itself, including Moonpay, Robinhood, and PayPal.

Is Phantom good for Bitcoin? ›

One wallet for everything

With Phantom, you have the best of Solana, Ethereum, and Bitcoin all in one.

How to get Bitcoin Ordinals? ›

How to Mint Bitcoin Ordinals
  1. First, select a Bitcoin-compatible platform such as Magic Eden.
  2. Find the section for inscribing or creating an Ordinal.
  3. Drag your file to the interface, insert your text, or choose your domain if desired.
  4. Click "Inscribe" or the equivalent button.
Aug 29, 2024

What is the secret phrase in the Bitcoin wallet? ›

What is a secret recovery phrase? Your secret recovery phrase is the key to your wallet and controls access to all your crypto. A secret recovery phrase is a set of words that correspond to numbers. These numbers make up a seed integer that generates all of the private keys in your wallet.

Which wallets support Ordinals? ›

  • The Ordinals Wallet.
  • Xverse Wallet.
  • Hiro Wallet.
  • MetaMask + GenerativeXYZ.
  • OKX Wallet.
  • Atomic Wallet.
  • Leather (Formerly Hiro Wallet) – Feature-Packed for Bitcoin and Stacks NFTs.
  • Hardware Wallets – Maximum Security for Your Assets.
Jan 31, 2024

Does phantom wallet report to IRS? ›

Does Phantom automatically deduct taxes? No, as of 2024, Phantom does not automatically deduct taxes from crypto trades. However, Phantom might still report your crypto transactions to your country's tax authority, like the IRS or HMRC.

What are the cons of phantom wallet? ›

Cons: Limited Ledger Integration: While Phantom boasts Ledger hardware wallet integration, this feature is currently not available for users on the Firefox web browser or mobile app versions.

What are Bitcoin Ordinals? ›

In simple terms, Bitcoin Ordinals are digital collectibles created by inscribing content like art or media onto individual satoshis on the Bitcoin blockchain. Each inscribed sat is one-of-a-kind and can be owned, collected, and traded like a non-fungible token (NFT).

Can you hold BTC on Phantom Wallet? ›

Now, you don't need to buy and hold your BTC on centralized exchanges or download unfamiliar wallets to collect and store Ordinals. You can do it all from your favorite multichain wallet—Phantom.

How much are Bitcoin Ordinals worth? ›

Ordinals Price Summaries

Ordinals's price today is US$29.26, with a 24-hour trading volume of $81.56 M. ORDI is +3.24% in the last 24 hours. It is currently -10.40% from its 7-day all-time high of $32.66, and 13.18% from its 7-day all-time low of $25.85.

Is Ordinals Wallet legit? ›

Ordinals wallets are safe because they don't actually store your inscriptions. Rather, they store the private keys to your digital artifacts, which “live” safely on the blockchain.

How to fund Ordinals wallet? ›

Here are the steps to fund your wallet:
  1. Purchase Bitcoin. Bitcoin can be purchased on most central exchanges (CEXs). ...
  2. Transfer your Bitcoin. Following the instructions for your chosen CEX, initiate a transfer. ...
  3. Add your Bitcoin RECEIVE wallet address to receive the funds to your wallet.

What is the secret key in Bitcoin? ›

A private key/secret key is a sophisticated string of alphanumeric characters, a kind of digital password, unique to each cryptocurrency wallet. This key allows the wallet owner to access and control their funds, making transactions and managing their holdings.

What is the 24 words in crypto wallet? ›

Your 24-word recovery phrase (sometimes also called a mnemonic phrase, Secret Recover Phrase or seed phrase) is the master key to all your crypto accounts. Anyone gaining access to your recovery phrase can very easily clone your accounts on their own device (or software wallet) and spend your funds.

What is the private key in Phantom? ›

A private key is a unique, alphanumeric string that corresponds to a single cryptocurrency address. It allows you to sign transactions and access funds within that specific address. Each private key is derived from the seed phrase but is not the same as the seed phrase.

How to buy Ordinals on Phantom? ›

Buying an Ordinal on Magic Eden with Phantom

Your Native Segwit address will be used as your "Payment address" and your Taproot address will be used as your "Ordinals address." This taproot address will be where you will receive and store your Ordinals.

What is the phantom wallet compatible with? ›

Phantom Wallet was designed for use on the Solana blockchain; while it now also supports other chains such as Ethereum, Polygon, and Bitcoin, this guide will focus on Solana.

What does phantom wallet support? ›

Phantom wallet currently only supports Solana, Ethereum, Polygon, and Bitcoin assets.

What swap does phantom wallet use? ›

Bridge in-wallet with Phantom

With our Cross-Chain Swapper, you can easily convert or swap tokens between different networks, such as Solana, Ethereum, and Polygon, directly within your Phantom Wallet.

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