Swapping in Phantom is usually quick. If a swap fails, it’s typically because your wallet can’t pay the network fee, the price moved, or there isn’t enough liquidity for the token pair.
Phantom supports swaps on these networks: Solana, Ethereum, Base, Polygon, Bitcoin, Sui, Monad, HyperEVM.
Check you have enough gas
Every swap needs a small amount of the network’s native token to pay fees. The native token must be on the same network you’re swapping on.
| Network | Suggested native token amount |
|---|---|
| Solana | 0.02 SOL |
| Ethereum | 0.002 ETH |
| Base | 0.002 Base ETH |
| Polygon | 0.5 POL (or MATIC) |
| Sui | 0.05 SUI |
| Bitcoin | 500 satoshis |
| Monad | 0.002 MON |
| HyperEVM | 0.01 HYPE |
What you can do
- Make sure you have the native token on the correct network. For example, ETH on Ethereum doesn’t count as ETH on Base.
- Add more of the network’s native token to your wallet, then try the swap again.
- If you're interested to learn more about gas, see About network fees (gas).
Slippage tolerance was exceeded
Phantom uses a default slippage limit. If the price changes quickly, the swap can fail.
What you can do
- During a swap, open Settings in the upper-right corner.
- Increase Slippage slightly.
- Try the swap again.
Important: Increasing slippage can result in a less favorable rate.
Low liquidity for the token pair
Swaps can fail when there isn’t enough liquidity for the token pair—this is common with new or thinly traded tokens.
If you’re swapping a new or niche token, low liquidity can prevent the swap from completing. See Swapping low-liquidity tokens in Phantom.
What you can do
- Wait a few minutes and try again.
- Swap a smaller amount.
Price impact is too high
Price impact is how much your swap changes the market price. If the liquidity pool is small, even a modest swap can move the price enough to fail.
What you can do
- Split a large swap into smaller swaps.
- Try swapping during busier periods, when liquidity is often higher.
- If you’re comfortable doing so, check the token’s liquidity in a DEX interface or block explorer before swapping.
Warning: If swaps consistently fail and liquidity is extremely low, the token may be effectively untradeable—and funds could be unrecoverable.
The token may be malicious
If you see a warning that the swap failed due to a malicious token, the token may be a scam designed to prevent selling or swapping.
What you can do
- Stop interacting with the token. Avoid sending, approving, or swapping it again.
- In the future, stick to verified tokens. In Phantom, verified tokens have a purple checkmark next to the token name.
- If you want to investigate further, confirm the token contract using trusted sources.
Important: Scam tokens often can’t be swapped. Funds tied to them are usually unrecoverable.