Cryptocurrency Q&A
Is Phantom Wallet an exchange wallet?
Is Phantom Wallet an exchange wallet?
BonsaiVitality
Tue Mar 18 2025
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answers
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Phantom Wallet is not an exchange wallet, but a decentralized digital wallet that can be used to store, send, and receive various digital currencies. It supports multiple blockchain networks and is ideal for managing digital assets, participating in DeFi protocols, and handling NFTs.
7 answers
CryptoAlchemist
Thu Mar 20 2025
This means that you do not have full control over your cryptocurrency.
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Michele
Thu Mar 20 2025
The second type is self-custodial wallets, such as Phantom.
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InfinityEcho
Thu Mar 20 2025
Crypto wallets can be categorized into two main types.
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DongdaemunTrend
Thu Mar 20 2025
The first type is custodial wallets, also known as exchange wallets.
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CryptoVisionary
Thu Mar 20 2025
With self-custodial wallets, you retain full ownership and control over your assets.
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