The Solana isn’t compatible with the MetaMask Wallet, and you can’t add it to the list of networks. This is because MetaMask only supports ETH-based blockchains that developers have built using ETH Virtual Machine (EVM) and the native programming language known as Solidity. Even though users can’t add Solana to the MetaMask Wallet, some alternatives are accessible to connect with the Solana blockchain. The right crypto wallet, to begin with, is Phantom Wallet, which is harmonious with Solana and enables users to interact with NFT and SOL DeFi apps.
What is the Best Solana MetaMask Alternative?
As outlined before, the Phantom Wallet is the perfect alternative to the MetaMask Wallet for the Solana blockchain. It’s a safe, non-custodial virtual currency wallet that supports Solana, enabling users to access and connect with the Solana apps such as Orca, Serum, Magic Eden, and others. The wallet also offers many amazing features, like fast transaction confirmation, low gas fees, and safe storage of private keys.
The wallet is accessible on Android and iOS devices, making it user-friendly regardless of the user’s device. Phantom Wallet also consists of an in-built dApp browser, enabling users to discover several Solana apps straight from the wallet.
Also Read: How to Install MetaMask Wallet: A Step by Step Guide
Benefits of Using Phantom Wallet
Following are some of the benefits of Phantom Wallet which you can consider before getting started.
Deposit Cryptocurrency
Using the Deposit features, users with SOL tokens and other Solana-based tokens can easily transfer their funds to the Phantom Wallet. Hitting the Deposit tab will display a list of available tokens, and after selecting the token, the wallet will show the account address and a QR code to ease the deposit.
Purchase Crypto
Phantom can integrate with third-party payment providers like MoonPay and Coinbase Pay to allow users to buy USDC or SOL through wire transfer, credit card, or other payment providers such as Apple Pay. Tapping the Buy icon will show the option to choose USDC or SOL and the amount, and hitting the Next button will display the accessible payment methods in the users’ jurisdiction.
NFTs (non-fungible tokens)
Phantom has in-built support for the Solana-based collectibles and NFTs, permitting users to check their NFTs within the wallet interface. The wallet automatically groups similar NFTs to make it simpler to find particular items.
The wallet also merges with a Solana NFT marketplace Magic Eden comparable to OpenSea of ETH, allowing users to handle the NFT listing on Magic Eden within the wallet interface.
Swaps
Phantom integrates with a Solana-based DEX (decentralized exchange), Raydium, for users to exchange SOL-supported tokens in the wallet interface.
Staking SOL
The wallet enables users to participate in SOL consensus by staking Solana tokens to obtain rewards.
Users must have SOL tokens in their wallets to use the staking service. Tapping on the SOL balance will launch a window with the option to begin earning SOL. Then a list of Solana validators will open up to which users can delegate the stake under the SOL consensus proof of stake.
Steps to Install a Solana Wallet (Phantom Wallet)
A few digital currency platforms (specifically dApps in the NFT space) accept SOL tokens as a mode of exchange for selling, purchasing, and swapping NFTs and other digital assets. So, the best method to use them is to utilize a crypto wallet that supports Solana, like the Phantom Wallet, which is accessible as a desktop extension and a smartphone app.
Now, you can check out the instructions to set up the wallet:
- To begin, you should head to the official Phantom Wallet to download the extension.
- Or you can download the app through Google Play or App Store.
- After downloading the wallet, hit the Extension icon to launch the home page.
- Then, tap on the Create a New Wallet tab.
- Next, you must generate a hard-to-break login password for your wallet and hit the Continue icon.
- The wallet will display a Backup Recovery Phrase, which you must jot down and safely store somewhere safe. Once done, check the given box and press the Continue button.
- After this, note the Shortcut keys that will help you to open the wallet extension and hit the Finish tab.
- All Done; your Phantom Wallet is ready to use.
Will the MetaMask Wallet Support SOL in the Future?
MetaMask doesn’t support blockchains that aren’t compatible with ETH’s EVM.
While MetaMask hasn’t given any official statement regarding its stand on other blockchain protocols, it will probably support ETH-based networks only for the foreseeable future.
Is the Phantom Wallet Secure?
The team of professionals behind the wallet takes safety seriously and has taken numerous measures to ensure the crypto funds of its users are safe. The wallet keeps the user’s data safe with state-of-the-art encryption technology. Phantom uses PBKDF2 password hashing and AES 256 encryption to protect the private keys of its users on their devices. Also, each transaction needs 2-FA to provide an additional layer of security.
Final Words
Even though the Solana network isn’t compatible with the MetaMask Wallet, users can connect via alternative crypto wallets like Phantom Wallet, providing a user-friendly and safe experience. Following the above guide, you will easily download the Solana Wallet and begin exploring several NFT and DeFi apps on the Solana blockchain.
