Non-custodial software wallet review
Phantom
Reviewed for custody, security, supported assets, cost, audit history, backup model, and open-source status.
3.8 C IC wallet score
CustodyNon-custodial
TypeNon-custodial software
Supported assetsNot verified
PriceFree
Open sourceNo
Last verified2026-04-15
Security And Backup
12-word Secret Recovery Phrase (BIP39)
Pros
- Best-in-class UX for Solana and SVM ecosystem
- Cross-chain: Solana, Ethereum, Polygon, Base, Bitcoin, Sui
- Built-in NFT viewer and swap
Cons
- Closed-source application code
- Hot wallet — same malware risks as any browser extension
- Phishing remains the dominant loss vector
Score Breakdown
Security 3.6 Key isolation, audits, recovery
UX 4.7 Setup, daily use, recovery flow
Asset coverage 4.0 Chains and tokens supported
Cost 5.0 Device price + on-chain fees added
Open source 1.5 Source available + audited
Audits
- Kudelski Security 2022 (per phantom.app/security)