How to send and receive Bitcoin (BTC) with Phantom

  • Updated

Newly created Phantom wallets start with a Native SegWit bc1q or in the case of Taproot addresses bc1p. This makes it easier to not only buy Bitcoin (BTC) directly from within Phantom, but also send and receive BTC from other wallets and exchanges. This address is usually used by dApps like Magic Eden or Unisat as your "Payment address".

 

To learn more about the other BTC addresses supported by Phantom, please check this article.

 

To send:

1. Click on Bitcoin Native SegWit or Taproot account address, depending the network you want to use

2. Click on Send

3. Enter the recipient's Bitcoin Address

4. Enter the amount you want to send and click Next

5. Finally, verify the token amount, network and click on "Send" to initiate the transaction.

You will get the confirmation once the transaction is complete.

 

To receive:

1. Click on the Bitcoin Native SegWit or Taproot account address depending where you want to receive the funds

2. Click on Deposit

3. Scan the QR code with the wallet that initiates the transfer or Copy the account address 

4. Paste the account address in the destination account address field in the dApp that initiates the transfer

 

NOTE: to enable or disable Bitcoin Networks, go to Settings, Preferences, Preferred Bitcoin Address.

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