When managing your crypto assets in Phantom, ensuring you’re interacting with the correct token is crucial. While searching for your favorite token/project by name is convenient, using the token’s contract address offers a higher level of security, helping you avoid scams or counterfeit tokens. This guide will walk you through both methods, emphasizing the importance of using contract addresses.
Searching for a Token by Name
Steps to quickly search for tokens by name (Useful for well-known tokens):
- Open your Phantom Wallet.
- Tap on the magnifying glass icon in the top-right corner.
- Type the token’s name (e.g., “SOL” or “USDC”).
- Select the correct token from the search results.
Note: Be vigilant, as some tokens may have similar names or imposters. Always verify you’re selecting the official token.
Searching for a Token by Contract Address
Steps to search by contract address to ensure maximum security:
- Obtain the token’s contract address from a reputable source like CoinGecko, CoinMarketCap, or the token’s official website.
- Open your Phantom Wallet.
- Tap on the magnifying glass icon in the top-right corner.
- Paste the contract address into the search bar.
- The exact token will appear; select it to proceed.
Benefits of Using a Contract Address:
- Avoid Scams: Ensures you’re adding the legitimate token, not a counterfeit.
- Accuracy: Eliminates confusion from tokens with similar names.
- Security: Guarantees interaction with the correct token contract.
How to Find a Contract Address on CoinGecko
One reliable method to find a token’s contract address is through CoinGecko:
- Visit CoinGecko.
- Search for the token using the search bar.
- On the token’s page, locate the “Contract” section.
- Copy the contract address by clicking the copy icon next to it.
Tip: Always cross-verify the contract address from multiple reputable sources to ensure its authenticity.
Avoiding Token Scams
- Double-Check: Always verify the contract address on multiple platforms.
- Be Cautious: Avoid using contract addresses from untrusted sources.
- Confirm the Blockchain: Ensure the token is on a blockchain supported by Phantom.
While searching by name in Phantom is quick and convenient, using the token’s contract address provides an added layer of security, ensuring you’re interacting with the correct asset. Stay vigilant, always verify contract addresses, and enjoy a safer crypto experience!
If you have any questions or need further assistance, feel free to reach out to our support team or visit our Help Center.
Stay safe and happy trading!