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Safety

Is Phantom wallet safe

Phantom is a legitimate self-custody wallet, and it warns you before you sign something risky. It cannot protect a recovery phrase you give away.

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What Phantom is

A self-custody wallet that began on Solana in 2021. Phantom holds no keys for you and cannot reverse a payment.

Source: Phantom, how your wallet is secured.

Which chains

  • Solana, always on.
  • Ethereum, Base, Polygon, Bitcoin, HyperEVM and Arc.
  • Robinhood Chain, turned on in Settings, Active Networks.
  • Not Arbitrum, Optimism, BNB Chain or Avalanche.

Source: Phantom, supported chains.

What it does for you

  • Shows what a transaction will do before you sign it.
  • Warns on sites on its blocklist of known scams.
  • Pays security researchers up to $50,000 for a bug.

Source: Phantom, security.

What it cannot stop

  • You typing the recovery phrase into a fake site.
  • A new scam site the blocklist has not seen.
  • A payment to the wrong address.

Has Phantom been hacked

We found no breach of Phantom itself. It was one of the wallets fixed after the 2022 Demonic browser flaw.

Phantom on Robinhood Chain

Phantom uses your Ethereum address on Robinhood Chain, and connects to tbfcrypto to chip in to a card or claim one.

Source: Phantom, Robinhood Chain.

The front of the card

For Zoe · Her 30th · 3 December

Collection pot10 people chipped in 280 USDG

  • Happy 30th to the friend who made me check every preview.

    Ali

  • Purple wallet, purple cake. 🎂

    0xjen

  • For something that is not crypto. Promise.

    Sam

Robinhood Chain

An example card. The names are made up.

Questions

Is Phantom wallet safe?

Yes, as a wallet. Your money is only as safe as your recovery phrase.

Is Phantom wallet legit?

Yes. It is a self-custody wallet founded in 2021 and used on Solana and Ethereum.

Does Phantom work on Robinhood Chain?

Yes. Turn it on in Settings, Active Networks.

Can Phantom recover my wallet?

No. Only your recovery phrase can.

Does Phantom support Arbitrum?

No, not on 1 October 2026.

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