About Phantom Cash

Phantom Cash is a suite of financial tools built into your Phantom wallet. It lets you hold, send, receive, and spend money in one place, powered by crypto but designed to feel like everyday money.

In the Phantom mobile app, you’ll see a dedicated Cash tab that gives you access to your Cash account. Your Cash account is a self-custodial wallet on Solana, tied to your Phantom username, and designed for instant swaps and smooth peer-to-peer transfers without transaction prompts.

Your Cash account always holds CASH, a USD-pegged stablecoin. If you're in the US (except NY/AK) you can link your bank account for deposits and withdrawals, and spend your Cash balance with a crypto-enabled Visa card—the Phantom Cash debit card.

Key features

Phantom Cash lets you use crypto like everyday money:

• Quick sell crypto: Go from crypto to cash in just a few taps.
• Peer-to-peer payments: Send money to any Phantom usernames.
• DeFi support: Use your CASH token in DeFi apps like Kamino for lending, borrowing, or liquidity.
• Instant bank funding (US only): Link a bank account or card to add funds and start using them.
• Phantom Cash debit card (US only): Spend your Cash balance anywhere Visa is accepted, including Apple Pay and Google Pay.
• Virtual account to get paid (US only): Get routing and account numbers after one-time identity verification.

How Phantom Cash works

Your Phantom profile (the same identity that powers your Phantom username, shown as @PhantomUser in the following diagram) owns both your regular Phantom wallet accounts and your dedicated Cash account.

Your Cash account is a self-custodial smart contract wallet on Solana that always holds CASH. In the app, your balance is shown in USD.

The following partners connect Phantom Cash to the real world:

• Stripe handles identity verification (KYC) and the funding of tour Cash account via a linked US bank account, debit card, or Apple Pay.
• Bridge powers the Phantom Cash debit card and US bank deposits and withdrawals.
• Lead Bank issues the Phantom Cash debit card.

Your CASH is always held onchain.

Funding

You can add funds to your Cash account in several ways, depending on availability in your region.

Onchain funding

• Sell supported Solana-based tokens into your Cash account balance.
• Receive CASH from other Phantom users or Solana wallets.

Offchain funding (US only)

• On-ramp via Stripe using a linked US bank account, debit card, or Apple Pay.
• Receive ACH direct deposits or domestic wire transfers using your routing and account numbers.

When you use offchain funding, funds are received by Bridge and converted one-to-one into CASH, which is credited to your Cash account.

For more information, see How to fund your Phantom Cash account.

Sending

You can send funds from your Cash account in the following ways, depending on availability in your region.

Onchain sending

• To Phantom usernames:  If the recipient has Phantom Cash activated, they receive the funds in their Cash account. If they haven’t activated Phantom Cash yet, the funds arrive as CASH in their wallet. After activation, they can move it into the Cash account using Add Cash → Quick Sell Crypto.
• To Solana wallets: Funds are sent as CASH to any Solana wallet address. If the recipient wallet doesn’t already have a CASH token account, you may see a one-time token account creation fee. This fee is charged in CASH.

Offchain sending (US only)

Send USD to US bank accounts using ACH. When you send offchain, your CASH moves onchain to a Bridge address. Bridge converts that CASH to USD and sends it to the receiving bank.

For more information, see How to send funds from your Phantom Cash account.

Spending

Offchain spending (US only)

If available to you, the Phantom Cash debit card lets you spend your Cash account balance anywhere Visa is accepted, including online, in apps, and in stores.

When you make a payment, Bridge draws CASH from your Cash account, converts it to USD, and the merchant is paid like any standard Visa transaction.

For more information, see How to spend with your Phantom Cash debit card.

Swapping

You can swap between your Cash account balance and tokens in your Phantom wallet:

• Swaps from Solana-based stablecoins like USDC, USDT, USDG, and PYUSD into your Cash account are free.
• Swaps involving other Solana-based tokens use standard swap fees.
• Stablecoins on other networks, such as Ethereum or Polygon, must be bridged to Solana before they can be swapped.

For more information, see How to swap tokens with Phantom Cash.

Withdrawing

Onchain withdrawals

Withdraw CASH from your Cash account to your other Phantom wallets at any time.

Offchain withdrawals (US only)

Withdraw USD from your Cash account directly to a US bank account you own using ACH. When you withdraw, your CASH moves onchain to a Bridge address. Bridge converts that CASH to USD and sends it to the receiving bank.

For more information, see How to withdraw funds from your Cash account.

Privacy

Identity verification (KYC)

• Phantom doesn’t store KYC information or link any of your wallets to your real-world identity.
• Stripe handles identity verification for Phantom Cash.
• Phantom never has access to your legal name and does not store KYC information.
• Phantom doesn’t link or correlate your KYC information with your non-Cash wallet addresses.

Bank deposits and withdrawals 

• What appears onchain: transfers to or from your Cash account from or to a Bridge wallet.
• What doesn’t appear onchain: the final bank destination and the purpose of the transfer.

Card payments

• What appears onchain: transfers from your Cash account to Bridge’s debit card smart contract.
• What doesn’t appear onchain: the things you pay for (merchant names, items, and receipts).
• Bridge rotates the addresses it uses.

Crypto sends

• P2P transfers to other Phantom users and sends to other Solana wallets are regular blockchain transactions.
• Amounts and wallet addresses appear on Solana.

Security

• Self-custodial by design: Your Cash account is a wallet on Solana that only you control, tied to your Phantom account.
• Powered by CASH: Balances are always held on Solana in CASH, never as fiat in offchain accounts.
• Payments partner: Bridge manages USD ↔ CASH for US bank deposits and withdrawals.
• Licensed card issuer: Phantom Cash debit card is issued by Lead Bank; Bridge is the program manager.
• KMS protection: Phantom’s Key Management System (KMS) adds recovery options and extra safeguards for Phantom Cash accounts.

Feature availability

*Requires identity verification (KYC) in the Phantom app, handled by Stripe.

**Phantom Cash debit card becomes available after KYC and card activation in the app.

The Prepaid Debit Visa Card is issued by Lead Bank pursuant to licensing by Visa U.S.A. Inc. and may be used everywhere Visa is accepted. Must be 18 or older to apply. Fees may apply. See Cardholder Agreement and Phantom's website for details.

Bridge Ventures LLC is the program manager for the card on behalf of Lead Bank. Phantom is the platform provider for application, access, and management of the card.

Phantom Cash availability varies by jurisdiction.