What to do if you received a wrapped token
If you received a wrapped token, you can swap it in the Phantom Swapper. The unwrapping process now happens automatically during the swap.
For more information, see Phantom Swapper FAQ.
Don’t send wrapped tokens to an exchange. Many exchanges don’t support wrapped tokens, which may lead to a loss of funds.
If you’re unsure:
- Contact the exchange to confirm support.
- Or, swap the token back to its native form before sending it.
What are wrapped tokens?
Wrapped tokens are representations of crypto assets that exist on a different blockchain. For example, a wrapped version of SOL (wSOL) can be used on Ethereum. These tokens are backed 1:1 by the original asset and allow for interoperability between blockchains.