Phantom Review (October 2026): Fees, US States and Licenses

Best for: Solana users

6.0/10

US access 20%9.0
Regulation 20%3.0
Security record 15%7.0
Cost 15%5.0
Range 10%4.3
Popularity 15%7.1
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
CustodyNon-custodial
App Store4.8 ★ · 64K

Our verdict

Phantom is a self-custody wallet from Phantom Technologies, Inc. covering Solana, Ethereum, Bitcoin and other networks, with a stated community of 20+ million users. Its help center lists a 0.85% fee on select swap pairs and free stablecoin swaps into a Cash account. KYC may be required by third parties for Phantom Cash features.

Pros

Published 0.85% fee applies only to select pairs
Free stablecoin swaps into a Phantom Cash account
CFTC no-action relief reported in March 2026

Cons

Cross-chain swaps add bridge fees of roughly 0.1%-0.5%
Phantom Cash features may require third-party KYC
Fiat purchase providers not named in terms

Phantom fees

Maker / taker: — Not verified
Simple buy: 0.85% Phantom fee on most swaps, plus network fee and price impact
Volume tiers: Swapping USDC, USDT, USDG or PYUSD into the Cash account is free; some flows such as perps deposits carry no Phantom fee
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network fee only
Minimum deposit: — Not verified

Is Phantom available in my state?

Terms (fetched 2026-10-05) exclude only sanctioned jurisdictions; CoinDesk reported CFTC no-action relief for Phantom on 2026-03-17.

The list of states this platform serves is not verified yet.

New York: — Not verified
ID check (KYC): No
Withdraw crypto: Yes
Funding: Crypto

Is Phantom regulated?

US operator: Phantom Technologies, Inc.
Parent company: — Not verified
State licenses: — Not verified
New York license: — Not verified
Founded: — Not verified
Headquarters: — Not verified

How secure is Phantom?

Proof of reserves: N/A (non-custodial)
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

None found in the sources checked.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Phantom

Spot
Self-custody wallet

Site advertises perps, prediction markets (Kalshi integration reported Dec 2025), a desktop trading Terminal and Phantom Cash with a Visa card; US state eligibility for these was not verified.

Apps: Web, iOS, Android
Support: Help center

Phantom FAQ

What are Phantom's fees?

Simple buy: 0.85% Phantom fee on most swaps, plus network fee and price impact.

Is Phantom regulated in the US?

US customers are served by Phantom Technologies, Inc..

Can I withdraw crypto from Phantom to my own wallet?

Yes. Phantom lets US users send crypto to an external wallet.

Does Phantom require ID verification?

No account or ID check is needed for on-chain swaps on Phantom.

Alternatives to Phantom

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.