The short version
- Score: 3.3/5, ranked 9 of 17 wallets we rate
- Strongest: Features (4.4/5)
- Weakest: Backup and recovery (1.7/5)
- Source code: closed
This review is generated from public evidence. Every point below links to the fee page, license, audit or report it came from, and the same rules score every wallet we cover. Evidence was last checked on Sep 30, 2026.
Blocklr score: 3.3/5
| Category | Score | Weight |
|---|---|---|
| Security | 3.3/5 | 40% |
| Features | 4.4/5 | 20% |
| Backup and recovery | 1.7/5 | 15% |
| Usability | 3.4/5 | 15% |
| Cost | 3.3/5 | 10% |
How Phantom earned its score
Security: 3.3/5
| What we checked | Points | Why |
|---|---|---|
| Open source | 0 / 3 | Closed source. source |
| Key protection | 2 / 3 | Can sign with a hardware wallet. source |
| Published independent audits | 2 / 2 | 2 published independent audits. source |
| Incident record since 2019 | 4 / 4 | No incidents found since 2019. |
Features: 4.4/5
| What we checked | Points | Why |
|---|---|---|
| Networks | 3 / 3 | Supports Bitcoin, Ethereum and EVM chains, Solana. source |
| Capabilities | 4 / 5 | Offers staking, swaps, NFTs, app connections. source |
Backup and recovery: 1.7/5
| What we checked | Points | Why |
|---|---|---|
| Recovery options | 1 / 3 | BIP39 recovery. source |
Usability: 3.4/5
| What we checked | Points | Why |
|---|---|---|
| Platforms | 2.25 / 3 | Works with iOS, Android, browser extension. source |
| Support | 0.5 / 1 | Email or ticket support. source |
Cost: 3.3/5
| What we checked | Points | Why |
|---|---|---|
| Price or swap fee | 2 / 3 | Free to use; 0.85% fee on in-app swaps. source |
Track record since 2019
We found no hacks, breaches or freezes affecting Phantom since 2019.
Who Phantom fits
A good fit if
- You want a free wallet for everyday use.
- You hold coins on Bitcoin, Ethereum and Solana and want one wallet for all three.
- You plan to pair it with a hardware wallet later.
Think twice if
- You want open-source software: this wallet is closed source.
Goes to the official site. Blocklr earns nothing from this link.
Frequently Asked Questions
Is Phantom open source?
No. Phantom is closed source. Wallet app source is not published: the repository named in the 2024 audit (github.com/phantom/wallet) returns 404 publicly. Phantom's security page describes only its phishing blocklist as open source.
How much does Phantom cost?
Phantom is free to download. Free to use; 0.85% fee on in-app swaps.
Has Phantom had a security incident?
We found no security incidents affecting Phantom since 2019.
How is Phantom's score calculated?
Phantom scores 3.3/5. The score is calculated by fixed rules from public evidence, and the same rules apply to every wallet. No company can pay to change it.
About this review
Blocklr has no affiliate, advertising or sponsorship deal with Phantom or any other platform, so nothing here was paid for. Scores come from the rules in our review methodology. A fact we could not confirm scores as the lowest tier, which can make a score lower than it deserves. If something is wrong or out of date, tell us and we will check the source and correct it.