Phantom is the better Solana wallet for most people, while Solflare is better for hardware-wallet users and anyone who wants a Solana-only app. Phantom scores 8.6/10 and Solflare 8.3/10 in our method: Phantom wins on app support, chains and built-in scam detection, Solflare on hardware options. Neither is cheap on swaps by published fees: Phantom charges 0.85% and Solflare doesn't publish its rate.
Risk notice: Crypto trading is high risk and memecoins can go to zero in minutes. Phantom and Solflare are hot wallets unless paired with a hardware device. This page is not financial advice; only trade what you can afford to lose.
Facts on this page were checked October 23, 2026, from Phantom's and Solflare's own docs and the sources linked below. This is a research-based review built from published docs, not a hands-on trial.
Quick verdict
- Pick Phantom if you use many Solana apps, want Ethereum, Bitcoin or Base in the same wallet, or want the strongest built-in scam warnings. Visit Phantom
- Pick Solflare if you want Ledger, Keystone or a $49 tap-to-sign card, stake SOL, and don't need other chains. Visit Solflare
Side by side
| Phantom | Solflare | |
|---|---|---|
| Our score | 8.6/10 | 8.3/10 |
| Custody | Self-custodial | Self-custodial |
| Swap fee | 0.85% flat | Not published (in quote) |
| Swap routing | Phantom's swapper | Jupiter aggregator |
| Perps | Yes, via Hyperliquid (0.05% builder fee) | No native perps |
| Chains | 9 (Solana, Ethereum, Bitcoin, Base, BNB Chain and more) | Solana only |
| Platforms | iOS, Android, Chrome, Brave, Edge, Firefox | iOS, Android, extension, web app |
| Hardware wallets | Ledger | Ledger, Keystone, Solflare Shield |
| Scam protection | Blowfish previews and site warnings | Simulation and scam-site warnings |
| Users (self-reported) | 15M monthly active (Jan 2025) | 4M+ active (homepage) |
| Own-code hack | None confirmed | None confirmed |
Sources: Phantom fees, Phantom docs, Solana Compass on Phantom's ninth network, Solana Compass on Phantom perps, The Block, Solflare, Solflare swap help, Solflare Shield. Checked October 23, 2026.
Fees
Phantom lists "a flat 0.85% transaction fee" on swaps, included in the quote and collected in the token you sell (Phantom). Perps through Phantom add a 0.05% builder fee on each open and close on top of Hyperliquid's own fees (Solana Compass).
Solflare routes swaps through Jupiter (Solflare help) but we found no published swap fee percentage in its help center or docs. That doesn't mean it's free; the cost is inside the quote.
What this means in practice: on a $1,000 swap, Phantom's fee is $8.50 (our arithmetic). Before a large Solflare swap, compare its output amount with the same swap on jup.ag to see the difference. If low fees are your priority, neither is the cheapest: Backpack says it charges 0% on swaps and Jupiter Mobile publishes 0%-0.5% (best Solana wallet).
Both charge nothing to hold or send beyond Solana network fees. Solflare suggests keeping about 0.05 SOL for swap transaction fees (Solflare help).
Security
Phantom bought the security firm Blowfish, which shows transaction previews, flags risky approvals and warns before you open malicious sites (Phantom). Its docs say users may see a warning when it "can't accurately simulate a transaction" (Phantom docs).
Solflare shows transaction simulation and phishing or scam-site warnings before approval and offers biometric locks on mobile (CryptoSlate). Its docs list the only official domains and say staff never message you first (Solflare docs).
Track record. Neither has a confirmed hack of its own wallet code. The August 2022 Solana drain of about $4 million was traced to Slope; Phantom said it found no compromise of its systems (The Block). In February 2026 a Phantom user lost about $264,000 to address poisoning tied to Phantom's in-app chat; keys weren't compromised (Cointelegraph). Solflare's card product was paused in July 2026 after its issuer failed; Solflare said user funds were safe because the card draws from users' own wallets (ChainCatcher).
Edge: Phantom for in-wallet scam detection; Solflare for hardware choice (below).
Hardware wallet support
Both work with Ledger.
- Phantom: "currently supports Ledger hardware wallets" (Phantom docs), on extension and on mobile over Bluetooth (Phantom).
- Solflare: Ledger over USB on the extension and on mobile (Solflare docs), plus Keystone and its own Shield card, an NFC card with a secure chip and PIN lock that starts at $49 (Solflare Shield docs).
On both, the Ledger Solana app usually needs blind signing on for token and smart-contract transactions, which Solflare's docs say "means the Ledger approves transactions it cannot fully display." A hardware wallet stops key theft, not a bad signature, so read the wallet's warnings either way.
Edge: Solflare.
Chains, apps and features
Phantom supports nine networks as of October 2026, after adding BNB Chain on October 1 (Solana Compass), and has native perps. It's the wallet almost every Solana dApp and trading terminal lists first.
Solflare is Solana-only, with native SOL staking and a web wallet. Its team makes separate wallets for Aptos and Sui (Solflare docs).
Edge: Phantom if you use more than Solana; a tie if you don't.
Which should you choose?
| If you... | Choose |
|---|---|
| Want one wallet for Solana, Ethereum and Bitcoin | Phantom |
| Want the strongest built-in scam warnings | Phantom |
| Want to trade perps from your wallet | Phantom |
| Use a Keystone or want a tap-to-sign card | Solflare |
| Stake SOL and only use Solana | Solflare |
| Want the lowest swap fees | Neither; see Backpack or Jupiter Mobile in best Solana wallet |
Many traders run both: one as a vault behind a Ledger, the other for dApps. Keep trading-bot wallets separate from both (Telegram trading bot security). If either wallet is ever drained, see Solana wallet drained: what to do, and for trading apps built on top of these wallets, see best Solana trading app.
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