Phantom Review
Self-custody with Ledger pairing
of 10
Phantom states plainly that it is self-custodial and that it never has access to your funds, and it supports connecting a Ledger device. Its official homepage does not list supported chains, publish a swap fee, or state an open-source position.
No money changes hands. This is a non-commercial project: no advertising, no sponsored placements, and no affiliate or referral links. Links to the services below earn us nothing. Every overall score is the plain average of the criteria shown on the page, so you can check the arithmetic yourself — see our rating methodology and how the site is funded.
Custody
Self-custodial; vendor states it never has access
Hardware wallets
Ledger
Chains
Not stated on the official homepage
Swap fee
Not stated
Open source
Not stated
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (9.0 + 3.0 + 6.0 + 4.0 + 8.0) ÷ 5 = 6.0.
Pros
- Unambiguous custody statement: self-custodial, vendor never has access
- Ledger hardware wallet pairing is supported
- Available as a browser extension and mobile app
Cons
- Supported blockchains are not listed on the official homepage
- No swap fee is published
- Open-source status is not stated
The custody claim is clear
Phantom states that self-custodial means you control your funds and that the company never has access. As custody statements go it is about as direct as they come, and it is the criterion the wallet scores highest on.
Everything else is undocumented on the homepage
The chains supported, the cost of an in-app swap and the wallet's open-source position are all absent from the official homepage. Readers comparing wallets on those points will have to look elsewhere, and our rubric scores what the vendor publishes.
Hardware support
Phantom states that a Ledger device can be connected, which moves the keys off the browser and onto dedicated hardware.
How it compares
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.Phantom — official site — checked
Frequently asked questions
Is Phantom self-custodial?
Yes. The official site states self-custody means you control your funds and that Phantom never has access.
Can Phantom be used with a hardware wallet?
Yes. The official site states you can connect a Ledger device.
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