Cryptocurrency Q&A
What is the minimum amount in Phantom wallet?
What is the minimum amount in Phantom wallet?
SumoMighty
Thu Apr 10 2025
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6
answers
1470
I'm wondering about the minimum balance required in a Phantom wallet. Is there a specific amount that needs to be maintained, or can the wallet have a zero balance?
6 answers
CherryBlossomGrace
Sat Apr 12 2025
This balance is necessary to cover any network fees that may arise during transactions.
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CryptoQueenGuard
Sat Apr 12 2025
Phantom users are required to maintain a minimum balance of 0.005 SOL in their wallets.
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CryptoTitaness
Fri Apr 11 2025
BTCC, a top cryptocurrency exchange, offers a range of services to its users. These services include spot trading, futures trading, and a wallet service.
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Daniele
Fri Apr 11 2025
Solana, as a blockchain network, charges fees for processing transactions and these fees are deducted from the user's wallet balance.
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Michele
Fri Apr 11 2025
Having sufficient SOL in your wallet ensures that you can cover these fees and avoid any disruptions in your transactions.
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