You can send and receive Bitcoin in Phantom using two address types:
- Native SegWit (
bc1q…) - Taproot (
bc1p…)
New wallets use a Native SegWit address by default. Some apps and services may send BTC to a Taproot address instead, which can affect whether your funds appear in Phantom if Taproot isn’t enabled.
To learn more, see What Bitcoin addresses does Phantom support?
Tip: To manage your Bitcoin address type, go to Settings → Preferences → Preferred Bitcoin Address.
Send Bitcoin from Phantom
- Select Send.
- Select your Bitcoin address (Taproot or Native Segwit).
- Enter the recipient’s Bitcoin address.
- Enter the amount you want to send, then select Next.
- Review the details, including the amount and network, then select Send to submit the transaction.
After you submit the transaction, it appears as Pending. It may take several minutes for your BTC to reach the recipient (sometimes longer). You can track confirmations on Mempool.
Receive (deposit) Bitcoin into Phantom
- Select Receive.
- Select your Bitcoin address (Taproot or Native SegWit).
- Copy the address or scan the QR code using the sending wallet or exchange.
- Paste the address into the destination field.
- Submit the transaction.
After you submit the transaction, the deposit appears as Pending. You may see the BTC amount appear before the deposit is confirmed, but you can’t spend it until the transaction has at least one network confirmation.
You can track the transaction on Mempool.
Common issues
Bitcoin is missing from my wallet
If your Bitcoin doesn't appear in Phantom after receiving it, it may have been sent to a Taproot address (bc1p…) while Taproot is turned off.
To fix:
- Go to Settings → Preferences → Preferred Bitcoin Address.
- Turn on Taproot.
- Return to the Home tab and check your balance again
Can't send Bitcoin—balance is blocked by sat protection
Phantom uses sat protection to prevent you from accidentally sending Ordinals (Bitcoin NFTs) or rare sats (unique or collectible satoshis).
Bitcoin uses the UTXO model (Unspent Transaction Output), meaning your balance is made up of multiple individual outputs rather than a single continuous balance. Some outputs may contain rare sats or inscriptions.
To protect these assets, Phantom automatically excludes those UTXOs from being spent. They won't appear in your sendable balance, even though they're included in your total portfolio value.
To check whether your Bitcoin contains rare sats or inscriptions, see How to preserve rare sats. To learn more about this feature, see How sat protection works in Phantom.
Not enough Bitcoin to cover network fees
Every Bitcoin transaction requires a network fee paid in bitcoin. Even if your balance looks sufficient, a transaction can fail if your bitcoin is held in UTXOs that can't cover the fee.
Make sure your wallet has enough spendable bitcoin. You typically need at least 500 sats, though fees may be higher during network congestion.
Can't send—another Bitcoin transaction is still pending
Phantom allows only one pending Bitcoin transaction at a time. If a transaction is already pending, new sends are blocked until it confirms. You may see: "You can only have one BTC transfer pending at a time."
To check your transaction status, follow these steps:
- Go to Mempool and enter your wallet address.
- If the transaction is pending on both Phantom and Mempool, wait for it to confirm.
- If the transaction is confirmed on Mempool but still shows pending in Phantom, reset the app to resync. See Reset the Phantom app.