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 Bitcoin to a Taproot address instead, which can affect whether your funds appear in Phantom if Taproot isn't enabled. To learn more, see Supported Bitcoin addresses in Phantom.
Before you send
You need a small amount of Bitcoin (around 500 sats) to cover network fees. For more details, see About network fees (gas).
Send Bitcoin from Phantom
- On the Home tab, 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 Bitcoin to reach the recipient (sometimes longer).
Receive Bitcoin in Phantom
- On the Home tab, 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 amount appear before the deposit is confirmed, but you can't spend it until the transaction has at least one network confirmation.
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, turn Taproot on:
- Go to Settings → Preferences → Preferred Bitcoin Address.
- Turn on Taproot.
- Return to the Home tab and check your balance again.
Transaction fails due to insufficient balance
A transaction can fail if you don't have enough Bitcoin to cover the network fee. You typically need at least 500 sats.
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:
- Go to mempool.space 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 Phantom following the steps in Reset Phantom.
FAQ
How many confirmations does Bitcoin need before it appears in my wallet?
Received Bitcoin may appear in your wallet as pending before it is fully confirmed. You need at least one network confirmation before you can spend or send it. Confirmation time varies depending on network congestion and the fee paid by the sender. It typically takes between 10 minutes and an hour, though it can occasionally take longer.
You can check the status of a transaction at mempool.space by searching for your wallet address or the transaction ID.