Phantom Wallet Now Supports Bitcoin, Ordinals, and BRC20 Tokens: A Comprehensive Guide

In a significant development, Phantom Wallet has expanded its support to include Bitcoin, Ordinals, and BRC20 tokens, marking a new era in digital asset management.

This detailed guide explores the new features and provides a step-by-step process to enable Bitcoin in your Phantom Wallet, ensuring you can manage multiple cryptocurrencies effortlessly.

Phantom Wallet Enhances Crypto Storage with Bitcoin Network Integration

The Phantom wallet, known for storing cryptocurrencies like Solana/SOL, announced on December 21, 2023, that it now supports Bitcoin, Ordinals, and BRC20 tokens.

Initially compatible with blockchains like Solana, Ethereum, and Polygon, Phantom has expanded its multi-chain wallet capabilities by adding support for "Taproot" and "Native SegWit" addresses.

Managing Multiple Assets and Introducing Convenient Features

With the newly added Bitcoin support, Phantom users can now manage a variety of digital assets across networks like Solana, Ethereum, Polygon, and Bitcoin in one place.

The Phantom wallet also offers functionalities such as displaying 'sat numbers' and 'inscription IDs', along with a spam filtering feature designed to protect users from fraud.

Currently, the wallet is compatible with applications like "Magic Eden" and "UniSat," with plans to expand support to more applications in the near future.

Enabling Bitcoin on Phantom: A Step-by-Step Guide

As of the time of writing, Bitcoin support in Phantom is in beta. By default, the Bitcoin network is disabled. To manage Bitcoin assets in Phantom, users can enable the network by:

Enabling Bitcoin on Phantom: A Simple Procedure

1. Open the Phantom wallet on mobile or browser.
2. Navigate to the 'settings' gear icon.
3. Select 'Active Networks.'
4. Toggle the 'Bitcoin (BETA)' button to on.

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