Are you ready to learn how to set up your Phantom Wallet Extension Solana so that you can transfer some Solana coins in and can start on some of those great DeFi projects that are coming up? Welcome in, I’m David, and I’m here with cryptotutorials.org, and today, that's exactly what I’m going to show you. I’m going to show you as I set up a Solana wallet. I’m going to take some Solana tokens off of Kraken, and I’m going to send them on over and load them into my wallet and get them all set. All right? And then, if you want to follow through. I'm even going to actually do the next video after this where I take some of those tokens and stake them on Raydium. because I’m trying to get on a new IDO, and I’d like to try to get some tokens for it.
But anyway, right now we're just going to cover the wallet portion of it. Do me a favor, hammer that like button, tap on that subscribe button, make sure those two send a lot of signals out to Google and YouTube and let them know, hey, let's show these Phantom Wallet Extension Solana video to a lot of people who need your quality. So if you think I did a good job with this video, do me that favor and click the buttons below and let's Start.
Warning. I am not a financial advisor and this is not investment advice. Seek a professional.
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So do me a favor, go to getmyfreecrypto.com, I'm putting a link down below, that is where I have a $97 Airdrop Masterclass that I put together and I'm offering it for free zero cost. You just give me your information, and I will send you over the links, you can jump right in and learn how to get in on these Airdrops where you can get early access to tokens too.
Phantom Wallet Extension Solana Guide
Well, here we are on Solana's documentation website. So, as we see, there's a guide on the left here, and it shows Solana Wallet Guide. That's what I’m going through to choose from. So if you look at the bottom, you'll see both app wallets and web wallets. I do most of my DeFi work on my PC, so I think that web wallet is much easier than doing it on my phone. But whatever you need, they're both available. Now Phantom is the one that I have had recommended personally to me by friends, so that's the one that I’m going to be setting up today.
I have no idea of the quality or features that are available in any of these other wallets; maybe down the road, I’ll give them a try and set them up too, but for now, I’ve heard really good things about the Phantom web wallet, so that's what I’m going to be putting on my computer. We're going to set it up for Chrome. And there it is in the Chrome Web Store offered by Phantom, number one Solana wallet. We're going to add this extension. All right, and I am making a brand new web wallet. Now, if you've had one before, and you're recovering for some reason, you need to just use the secret recovery phrase, you put that back and recreate your wallet if you had a computer crash or something.
But for someone that does not have one, you're going to create a new wallet. And I want to copy my secret phrase. All right, I’ve got my password chosen and saved. I’m going to agree to my terms of service. When I save it, you can open the key – oh, here you go, there's a nice keyboard shortcut if you need to open the web wallet, and I don't need to follow you on all the other social media sites for now. So I’m going to go over here, and I’m just going to pin that Phantom Wallet Extension Solana in my Chrome browser right now, because I know I’m going to want to access it. And there it is, it's all nicely loaded up. Now, I need to deposit some Solana tokens or send them from a wallet or an exchange.
Get Confirmed on Kraken
FTX has a lot of stuff, if you're using FTX, they got a direct integration into it. Mine I have is on Kraken, so that's where I’m going to get mine from. There it is, there's my wallet address. Let's go log into Kraken. All right, and here we are. Now, we've got, as you can see, I’ve got little over 15 SOLs that are in my Kraken account, and I want to send this out. So if you haven't done it before, you have to add an address confirmed in Kraken. They're a little bit particular just to try to watch out for you, and make sure you don't send it off to some non-existent address. So let's go back and make sure we've got our Solana wallet address copy pasted into there – actually paste it into here. And this is the description, so...
Hey, and as part of that, I had to go in and do a little confirmation in my email just for them to make sure that this really was me adding a wallet address to Kraken. Now, I want to do a withdrawal. So the withdrawal fee is 0.01 SOL, right now they're about $70, so that's about 70 cents, 75 cents. So very inexpensive, not a whole lot to remove it, so what I'm going to go ahead and do is I'm going to send one SOL out to the wallet and make sure that that transaction goes through correctly. Actually, just do like half, let's do half, 0.5, will be 0.5. It'll charge me the same fee, I’ll get 0.49 SOL, which is $35 worth or something.
And then, once I make sure that it's there, I’ll go back in and I’ll move the rest. When I've been used to a wallet and I've been using it for a little while, I never do this, I check the numbers and I have trust in that. But whenever I start up with a new wallet, I always make sure to test the first currency exchange, or if I'm moving it out of a new exchange, if it's a process I haven't done before, basically, give it a test. It's a very smart thing because if you mess it up, nobody's going to help you out. Tough luck.
Solana is fast blockchain
Okay, anyway, so let's do a withdrawal that much. Let's continue and, yes, two factors, all right, withdrawal successfully submitted. Now, we just have to see how long till we get some Solana. Now, this will be very, very fast. One of the things about Solana is that it' is a very fast blockchain, it can handle a large number of transactions per second, and they're supposed to be able to handle them quite quickly. So I expect this to show up fast. While I’m waiting for this to show up, I’m just going to show you a few quick extra things in the Solana wallet.
First of all, already built to handle NFT collectibles, very unusual when it comes to web wallets. Most web wallets can't do it most of the time. You have to, like, my MetaMask, I have some NFTs in it, and I can only see them from my phone, I can't see them in my MetaMask on my desktop. And then, it's got some integrations in it already for going ahead and swapping and making exchanges. It's got a list of what recent activity you've done, and then your settings at the end. So pretty handy setup.
Well, it just went through, my transfer, as you can see down here, in my Kraken account, and switched to sending for the status, and when I pull up my Phantom web wallet, sure enough, boom, 0.49 Solana, there's the current value of my Solana it says, so not sure what period, if that's 24 hours probably, that sounds about right with what's been going on lately.
Anyways, so that's it, that's all that it takes to set up a Phantom Wallet Extension Solana and to get the currency in there. Now I’m going to hop on to Raydium and kick up some Ray tokens and get my Ray token staked and ready for the upcoming Star Atlas IDO, let me try to see if I can get in on the Star Atlas IDO. But anyway, I’m excited, I’ve got this part done. If you have any questions about Phantom Wallet Extension Solana along the way, it's a pretty straightforward process, but feel free to comment down below. I’d be glad to answer them. Also check my post on Solana Price Prediction. Otherwise, have a wonderful day. Tap that like, tap that subscribe, if you haven't done it yet, helps out a ton, and I wish you guys a great evening. Aloha.