Setting Up Your Wallet

Before you start trading memecoins, you will need a wallet. On Solana, the most popular choice is Phantom because it is simple and secure.

Your wallet is your personal bank. You control it, not an exchange.

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1. Download Phantom

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Step 1: Go to the official site

Visit:

https://phantom.app

Only download from trusted links.

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Step 2: Install Phantom

You can install Phantom as:

• A browser extension

• A mobile app (iOS or Android)

Choose whichever you prefer.

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Step 3: Create a wallet

Follow the prompts to create a new wallet.

Phantom will show you a seed phrase. Write it down somewhere safe and offline.

Do not share your seed phrase with anyone. Anyone who has it controls your wallet.

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2. Add some SOL

You will use SOL to:

• buy coins

• pay transaction fees

Fees on Solana are very cheap compared to most chains.

To add SOL:

• Buy SOL on an exchange (Coinbase, Binance, MoonPay via Phantom, etc.)

• Send it to your Phantom wallet address

Always double check the address before sending. Crypto transactions cannot be reversed.

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3. Consider creating multiple wallets

Many traders use more than one wallet for safety and organization.

Common setup:

• One wallet for trading

• One wallet for holding long term

• One wallet for testing new sites or connections

This helps reduce risk if something goes wrong.

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Wallet security tips

• Never connect your wallet to random websites

• Double check links before signing anything

• Avoid clicking unknown airdrops or DM links

• Store your seed phrase offline, not in your phone notes

• Use your trading wallet for risk, not your main wallet

If you protect your seed phrase, you protect your money.