Solflare vs Phantom Comparison 2025

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Eric Huffman

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Last updated: 

August 12, 2025

Solflare (2020) and Phantom (2021) both launched shortly after the Solana blockchain launched its mainnet in 2020, with both wallets rocketing to the top of user favorites lists. Strong support for Solana specifically made these specialized crypto wallets indispensable for early SOL fans.

A lot has changed since then, including additional chain support for Phantom. In this Solflare vs Phantom comparison, we’ll see how these two titans in the Solana ecosystem stack up today.

We tested both Solflare and Phantom using the mobile app and browser extension for each wallet app. First, we created new wallets to duplicate the new user experience. We also imported an existing wallet to duplicate a migration for experienced users. Testing focused on factors such as ease of use, decentralized app (dApp) compatibility, security, and in-app features.

Let’s start with a quick summary of how it went and our overall take on Phantom Wallet vs Solflare.

Solflare vs Phantom: Side-by-Side Comparison

We compared some key features of Solflare and Phantom. Standout features for each wallet app include cross-chain swaps for Phantom and SOL staking for Solflare.

Notable differences include multi-chain support, which Phantom Wallet offers, albeit with limited selection. By contrast, Solflare focuses on Solana assets, with some support for bridging select assets, i.e., USDC, from Ethereum and other EVM networks to Solana.

We’ll cover these features in more detail later in the guide.

Phantom takes a slight lead in our hunt for the best Solana wallet. However, a table doesn’t tell the whole story. Next, let’s look at supported coins.

Solflare vs Phantom Wallet: Supported Coins and Blockchains

Before we discuss supported cryptocurrencies, it’s important to consider the goal of each wallet. Phantom supports more coins because it supports more networks. Solflare focuses on the Solana ecosystem. However, when comparing support for Solana ecosystem tokens, Solflare and Phantom provide similar support.

Early on, Phantom had an advantage with its support for Compressed NFTs (cNFTs). However, Solflare now supports cNFTs as well. Let’s look at the types of tokens supported on Solflare first, which range from meme coins to utility coins to liquid staking tokens.

Solflare Supported Token Types

• SOL (Solana): SOL is the native token for Solana, used as a fuel token for the network and a base asset in trading.
• SPL Tokens (Fungible Tokens): Solana Program Library (SPL) tokens follow a standard and are interchangeable with tokens that are minted from the same token contract.
• NFTs (Non-Fungible Tokens): Solflare supports NFTs, tokens with unique traits, as well as cNFTs, a newer, more data-efficient type of NFT.
• wSOL (Wrapped SOL): Solflare also supports wSOL, which allows SOL tokens to be used in decentralized finance (DeFi) applications by wrapping SOL as an SPL token.
• LSTs (Liquid Staking Tokens): Several protocols offer tokens that represent staked SOL. Technically, these are SPL tokens as well.

Phantom Supported Token Types

Let’s start with Solana ecosystem tokens supported by Phantom Wallet. The list parallels the tokens supported by Solflare.

• SOL
• SPL Tokens
• NFTs
• wSOL
• LSTs

However, with multi-chain capability, Phantom also supports several other key coins and tokens.

• Bitcoin (BTC) (Bitcoin Ordinals, BRC-20)
• Ethereum (ETH) (ERC-20, ERC-721, ERC-1155)
• Polygon
• Base
• Sui

For multi-chain users, Phantom offers more versatility. Although Phantom supports fewer chains than other multi-chain wallets, such as Trust Wallet, the app targets some of the fastest-growing chains.

Phantom Wallet vs Solflare: Security Comparison

Let’s examine security for Solflare vs Phantom, including hardware wallet support, seed phrase backups, and third-party audits. Both wallets offer very similar features, although each has advantages in specific areas. For example, Phantom offers better audit transparency, whereas Solflare Wallet offers better hardware wallet support.

Seed Phrase and Encryption

Both Solflare and Phantom support standard seed phrases (12 or 24 words). In this scenario, the wallet stores the seed phrase and private keys on your device. However, Phantom also supports social logins via a Google account or an Apple account.

If users choose this option, the crypto wallet uses a Multi-Party Computation (MPC) system. The wallet’s private keys are split into three shares, with only one being stored on the device. A second is stored with the social login provider, and the third is stored on Phantom’s encrypted servers.

This strategy is designed to make the wallet newbie-friendly by bypassing the need for a seed phrase, but Phantom also recommends backing up the seed phrase. This step allows users to access their wallets if they lose access to their social account (or if Phantom’s servers can’t respond).

Audits and Transparency

Third-party audits help provide assurance regarding the safety of crypto wallets and highlight potential issues. Audits become especially important for closed-source code that can’t be reviewed independently by the community. Neither Solflare nor Phantom uses fully open-source code.

We found audits for both Solflare and Phantom. However, for Solflare, we were only able to locate an audit on the Solflare Snap for the MetaMask wallet. This Snap does not directly relate to the Solflare mobile wallet or browser extension. By comparison, Phantom provides a repository of audit reports on GitHub. A 2024 audit by Least Authority identified minor issues in otherwise well-organized code, all of which were addressed by the Phantom team.

Two-Factor Authentication

Neither wallet offers external two-factor authentication (2FA), such as Google Authenticator or email verification. Instead, both wallets offer biometric authentication using fingerprint readers on supported mobile devices. Desktop browser extensions for both wallets use PIN codes to unlock the wallet.

Scam and Phishing Protection

Solflare and Phantom perform similarly regarding scam protection, albeit with slightly different approaches.

• Solflare’s scam detection centers on Solflare Guards, a system that monitors transactions to detect and block malicious smart contract actions. Solflare also blocks known scam sites and malicious contracts, reducing phishing risks. Similar safeguards protect against impostor tokens.
• Phantom uses transaction previews that provide a human-readable summary of smart contract actions with warnings, although it doesn’t automatically block transactions. However, a separate feature blocks known malicious websites and smart contracts. Phantom also provides an NFT burn feature that allows users to remove spam NFTs.

Automatic blocking of malicious transactions makes Solflare a better choice for new users, although both wallets offer outstanding protection.

Hardware Wallet Support

Solflare takes a slight lead in hardware wallet support. Both Solflare and Phantom support Ledger hardware wallets via a USB connection on desktop or a Bluetooth connection on mobile devices. Solflare also supports Keystone wallets, a popular brand that offers airgapped key protection and supports up to three seed phrases.

Hardware wallets are optional, but provide the flexibility to easily connect to dApps using Solflare or Phantom while protecting larger balances against online threats.

Incident Track Record

Neither crypto wallet has suffered any verifiable hacks due to flaws in its code. A well-publicized 2022 hack affected users of both wallets who had imported their seed phrases into the Slope Finance app.

These seed phrases were accessed from a centralized server, resulting in losses of more than $4 million. This breach was not related to flawed code for Solflare or Phantom, but instead another app into which users had imported their seed phrases.

Solflare vs Phantom: Features

Features for Solflare vs Phantom vary slightly depending on the platform. For example, Solflare provides an “Explore” tab on mobile devices that allows users to bookmark recently used dApps. Phantom offers perpetual futures trading in its mobile app. Neither of these features is available in the browser extensions. Let’s compare features by category.

In-Wallet Trading

Both Phantom and Solflare offer decentralized exchange (DEX) integration to make it easy to swap tokens super fast. However, Phantom offers some notable extras in this area. As a multi-chain wallet, Phantom supports swaps on other networks, such as Base and Ethereum (in addition to Solana), as well as cross-chain token swaps.

Additionally, Phantom offers built-in perps (perpetual exchange) trading with leverage on mobile. On Solflare, users must connect to a dApp for this functionality. Naturally, you can see detailed transaction history on both wallets.

Buying Crypto

Buying crypto through either wallet is a straightforward process. However, users should be aware of the fees and spreads associated with in-app purchases. Solflare and Phantom partner with third-party providers, which then send purchased crypto directly to the wallet.

Prices vary based on the provider and payment method, but can also fluctuate based on market prices. In the side-by-side example below, Phantom (pictured on the right) offered a better value.

Fees and spreads can add 1% to 5% to the purchase price, particularly if paying by credit card or debit card. Some providers may also offer bank transfers or ACH transfers, which typically offer lower fees or no fees (spreads still apply). In our test, ACH transfers came with a delayed delivery of one day as opposed to near-instant transfers for some card-funded purchases.

These additional costs aren’t unusual for wallet apps, and card-funded purchases on crypto exchanges can see similar additional costs.

DeFi / dApp Access

Solflare and Phantom are well-supported by dApps in the Solana ecosystem. Expect effortless connections with both wallets appearing as crypto wallet options for popular decentralized applications on Solana.

However, neither app offers a curated list of trusted apps. Users are left to their own devices to find dApps and DeFi applications. Built-in features like USDC yields on Solflare provide a simple starting point, although we only saw this feature on the browser extension.

Staking

Both wallets support SOL staking. Solflare, pictured on the left below, makes staking easy to find and newbie-friendly. Finding staking on Phantom took a few more clicks but revealed additional options. Users can mint PSOL (Phantom Staked SOL), a liquid staking token that accrues staking yields.

Staking yields for Solflare vs Phantom using the default native SOL staking options were comparable at 6.49% and 6.75% APY, respectively. Yields vary based on network needs.

NFT Management

Solflare and Phantom both offer Solana NFT management features, but the edge goes to Solflare on this one for one reason: NFT floor values. Solflare provides an approximate NFT portfolio value for your NFT based on the floor values (lowest pricing) for known collections. NFT values for Phantom were buried in the detail page for the NFT and were not reflected in the portfolio value.

Solflare allows users to mark NFTs as verified or unverified (hidden). Phantom enables users to burn unwanted NFTs easily.

Phantom vs Solflare: Compatibility and User Experience

Both Phantom and Solflare provide a browser extension for Chromium-based browsers and Firefox. Both also provide mobile apps for Android and iOS. Phantom also provides a Windows app that allows running multiple instances.

Although both wallets provide a clean, intuitive interface, we’d give the edge to the Solflare browser extension in this part of the Solflare vs Phantom comparison. Solflare can run in its own tab, creating a spacious experience for users. By contrast, although Phantom can run in an expandable sidebar, Solflare’s execution is objectively better.

Experienced users should have no problem navigating either wallet app. Newer users will likely fare better with Solflare, which offers a simpler interface on desktop and mobile.

Solflare vs Phantom: Customer Support & User Reviews

Crypto apps typically don’t fare well on user review sites like Trustpilot, and both Solflare and Phantom suffered a few dings as well. Solflare offers more support options, which may help explain its higher user reviews on Trustpilot. However, both apps earned high ratings on the Apple App Store and Google Play. Let’s start with a comparison of support options.

Customer and Community Support

Notably, neither wallet app offers phone support, and both caution users about phishing scams.

Solflare Customer Support Options

• Live Chat: Users can chat with a live person 24/7.
• Help Center: Solflare’s help center provides a searchable bank of articles on how to get started and use features.
• Contact Form (Email): Solflare also provides a contact form, although chat and the help center are faster solutions.

Phantom Customer Support Options

• Help Center: Similar to Solflare, Phantom offers a help center with articles on how to use the app as well as general crypto topics. We found Solflare’s help easier to use.
• Chatbot: An AI-powered chatbot can answer simple queries.

Additional community support options include Phantom’s Reddit and Solflare’s Discord channel.

User Reviews

Solflare also earned higher ratings on Trustpilot, with Solflare user reviews giving the app 3.8 out of 5 stars. Phantom didn’t fare as well. Trustpilot users rated the app 2.5 out of 5 stars, with several complaints centering on scam tokens or hidden tokens.

However, both of the leading crypto wallets earned extremely high ratings on Google Play and the Apple App Store. Users rated Solflare at 4.8 stars out of 5 on the App Store and 4.6 stars on Google Play. Users rated Phantom at 4.8 out of 5 stars on both platforms.

Solflare vs Phantom Conclusion: Which One Should You Go For?

Choosing between Solflare and Phantom centers on use case, or in some cases, experience level. Both are very capable Solana wallets, although Solflare may be the better choice for new users. A clean interface and Solflare Guards are both well-suited to less experienced users.

Phantom is a better fit for users with a few trades under their belt. Although the wallet offers social login to simplify onboarding, newer users may be overwhelmed with some of the trading options, such as perpetual futures on mobile. However, for users who need Bitcoin and Ethereum support alongside Solana, Phantom makes a solid choice.

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