Use Phantom Terminal to trade Solana tokens and Hyperliquid perps from your desktop browser. Phantom Terminal is available at trade.phantom.com and provides charts, real-time market data, and fast execution.
Connect using seedless wallets (Apple or Google) or recovery-phrase wallets, and trade with auto-approvals and no transaction pop-ups, or connect in a mode where each transaction requires manual confirmation.
Your positions, including tokens and perps, sync to the Phantom mobile app and browser extension when you’re signed in with the same account.
Video tutorial
Wallet connection and access
Connect your wallet to Phantom Terminal
Click Connect in the upper-right corner to view four wallet connection options.
The following table explains each option:
| Option | Trading experience | Device continuity | Note |
|---|---|---|---|
| Continue with Phantom → Trading Account | Instant (automatic approval of all trades) | Positions appear on all devices where you’re signed in to this Phantom account. |
If you sign in with a recovery-phrase wallet, your first sign-in creates a new trading account address on Solana. This account supports auto-approvals and does not require transaction pop-ups. It will have a different address from your usual account. At future sign-ins, Phantom will automatically select this trading account. If you sign in with a seedless wallet, your existing seedless account is used for trading because it already supports auto-approvals. |
| Continue with Phantom → Existing Account | Manual (confirm token trades) | Positions appear on all devices where you’re signed in to this Phantom account. | Signs you in with the account currently selected in your Phantom extension. To switch accounts, disconnect in Phantom Terminal, switch accounts in the extension, then reconnect using Existing Account. |
| Continue with Google | Instant (automatic approval of all trades) | Positions appear on all devices where you’re signed in to Phantom with this Google account and your PIN. | - |
| Continue with Apple | Instant (automatic approval of all trades) | Positions appear on all devices where you’re signed in to Phantom with this Apple account and your PIN. | - |
About the Continue with Phantom option
When you select Continue with Phantom, choose how you want to connect:
- Trading Account (recommended for instant trades)
- Existing Account (manual confirmations)
If you don't see the Continue with Phantom option, this means you don't have the Phantom extension installed in this browser.
Disconnect your wallet
To disconnect from Phantom Terminal, click your profile icon in the upper-right corner and select Disconnect.
To fully revoke the permission you previously granted to Phantom Terminal, open the Phantom mobile app or browser extension, then go to Settings → Connected Apps → trade.phantom.com → Disconnect.
Do this on the same platform you originally used to connect (mobile app or browser extension).
Manage your accounts and balances
Your Phantom Terminal account includes your trading account (for token trading) and your perps balance (for perp trading, where available). Click the profile icon in the upper-right corner to access your account.
Fund your trading account
You can deposit SOL from your balance in Phantom or any exchange.
- Click your profile icon in the upper-right corner.
- Click Add Funds.
- Choose one of the following:
Deposit:
- Copy the deposit address and paste it into your Phantom extension: Send → Solana → paste the address.
- Scan the QR code using your Phantom mobile app: Send → Solana → [ ] icon → scan.
- Copy the deposit address into any wallet or exchange.
Buy: Buy SOL with a credit or debit card using third-party on-ramp providers.
You can also transfer funds between your trading account and your other Phantom accounts using the extension or mobile app.
Tip: Always use the current deposit address shown in your profile. Don't reuse old addresses.
Fund your perps balance and withdraw from it
To trade perps in Phantom Terminal, bridge SOL from Phantom to Hyperliquid:
- Click your profile icon in the upper-right corner.
- Click Tokens ↔ Perps.
- Enter the amount in SOL.
- Click Transfer.
SOL is converted to USDC in your Hyperliquid account. Bridging is non-custodial and uses Hyperliquid’s settlement layer. If you previously traded perps on Phantom mobile, your balance will sync to Phantom Terminal and appear in the extension.
To withdraw, bridge back the same way to return your perps balance to SOL. The minimum withdrawal amount is $5.
Important: Each Phantom account has its own Solana and Ethereum addresses. If you switch accounts in the extension, you may see a different perps balance, or no balance, depending on which account you used to trade.
Withdraw from your trading account
You can withdraw to any Solana address, including your Phantom wallet or an exchange.
- Click your profile icon in the upper-right corner.
- Click Withdraw.
- Enter the recipient’s Solana address.
- Enter the amount in SOL.
- Click Withdraw.
If you connected using the Phantom extension, you must approve the transaction. All other connection methods auto-approve.
Trade tokens
Identify trading opportunities using live market data, order books, and TradingView charts.
View charts
Charts update in under one second and include one-second candlesticks and professional indicators. Zoom in for higher resolution and more precise pattern analysis.
View token information
Each token includes the following metrics:
- Top 10 holders %: Percent of total supply held by the top ten holders.
- Dev holdings %: Percent of tokens held by the developer’s wallet.
- Snipers holdings %: Percent of tokens held by wallets identified as snipers.
- Bundler holdings %: Percent of tokens held by wallets that bundled transactions (often indicating illegitimate buys).
- LP Burned %: Percent of liquidity pool tokens permanently locked.
- Mutable: Whether the token’s metadata (such as name or image) can be changed after launch.
- Mintable: Whether the creator can mint additional tokens.
- Freezable: Whether the creator can pause or block token trades or transfers.
- Dev Wallet address: The address of the token developer’s wallet.
Build your watchlist
On any token page, click Follow to add it to your watchlist, then access the watchlist in Tokens → Watch.
Trade using Quick Buy
Enter an amount of SOL next to lightning icon at the top of the page. Then click the lightning icon next to any token to execute a Quick Buy.
Trade directly on token pages
Search for a token, then enter the amount in SOL, or use one of the preset buy values (1️⃣, 2️⃣, 3️⃣), and then click Buy.
Your position appears in the Positions section of the Tokens page and in your portfolio.
To sell a token, do one of the following:
- Click Sell in the Positions section to sell your full balance.
- Enter an amount manually or use one of the preset options (1️⃣, 2️⃣, 3️⃣), then click Sell.
Trade newly launched tokens
Go to Discover → Launches to find new tokens from different launchpads:
- New: The newest token pairs created (new markets).
- Migrating: Tokens close to being listed on major Solana DEXs, such as Raydium.
- Migrated: Tokens already listed on a DEX.
Tip: Adjust Quick Buy by changing the SOL amount next to the lightning icon.
Filter by launchpads
Click the three-dot icon in any Launches section to filter by launchpads and token parameters.
Trade trending tokens
Go to Discover → Trending to see tokens trending among Phantom users.
Enter an amount of SOL next to lightning icon at the top of the page. Then click the lightning icon next to any token to buy.
Trade perps
Important: Phantom perps aren’t available everywhere. Trading perps involves significant risk and may not be suitable for all users.
Phantom Terminal supports perp trading:
- Go long or short with up to 40× leverage.
- Trade more than 100 markets, including HIP-3.
- Use TradingView charts with sub-second latency.
- View a live order book and real-time trades feed.
- Track funding payments and ROE.
- View and manage open positions in one place.
Perps in the Phantom extension
Perps show up in the Phantom browser extension and open in Phantom Terminal when you click them.
Open perps from the extension
In the extension, you’ll see a Perps section. Click Perps to open the Perps page in Phantom Terminal in your browser.
Jump to your balance or position
If you have no balance, the extension shows Perps, which opens Phantom Terminal.
If you have a perps balance, the extension shows the balance under Perps. Click the balance to open the Perps page in Phantom Terminal.
If you have an open position, the extension shows the position under Perps. Click it to open that perp market in Phantom Terminal.
Discover perps from swap
Trending perps also appear on the extension’s Swap page. Click any perp to open its market page in Phantom Terminal.
Account-specific balances
Where your perps balance appears in Phantom Terminal depends on which account you used:
- If your perps balance is in a regular recovery-phrase account, connect using Continue with Phantom → Existing Account to access that balance.
- If your perps balance is in your trading account, connect using Continue with Phantom → Trading Account to access that balance.
You can also withdraw and consolidate balances if you prefer to keep your perps funds in one account.
Open a position
Note: The first time you trade perps in Phantom Terminal, you may need to click Enable Trading and sign a message.
You can place market orders for perps in Phantom Terminal. To open a position, you need a minimum size of 10.25 USDC. For example, if your margin is 5.15 USDC and you use 2× leverage, your position size is 10.30 USDC.
- Go to Discover → Perps.
- Select a contract.
- Choose Long or Short.
- Enter the order value in USD (calculated as margin × leverage) or use the slider.
- Set your leverage.
- Optionally, turn on Auto Close to set TP (take-profit) and SL (stop-loss) triggers.
- Click Long or Short.
Your filled position appears in the Positions section on the Perps page and in your portfolio.
Manage your positions
You can manage your perp positions in Phantom Terminal or in the Phantom mobile app. Any changes you make on one platform will appear on the other as long as you are using the same account.
Set stop-loss and take-profit triggers
In the Positions tab, click the pencil icon in the TP/SL column and enter target prices. These are order types that automatically execute and close your position when your unrealized PnL reaches the specified gain or loss from your entry price.
Add to a position
Click the position, open the Add tab, enter an amount, then click Add to Short or Add to Long.
Close a position
In the Positions tab, click Close next to the position. To partially close, open the Close tab, adjust the amount, then click Close Position.
Reverse a position
To switch from long to short (or short to long), click the position, open the Reverse tab, then click Reverse.
View open positions
The Positions tab shows your PnL, liquidation levels, and TP/SL settings. If you’re signed in on Phantom mobile with the same account, your positions appear there too.
View trade history
The Trades tab shows a complete record of executed trades every time a perp position was opened or closed.
View funding history
The Funding tab shows a complete record of funding payments you pay for open perp positions.
View history
The Order History tab shows a record of all open, filled, canceled, and rejected perp orders.
Follow wallets' activity
Follow wallets and monitor their trades in real time. When you follow a wallet:
- You can view its token activity.
- You can watch buys and sells on token charts.
- You receive real-time notifications and sound alerts.
Add a wallet to track
- Go to Discover → Track.
- Click Track.
- In the Tracking column, click +.
- Enter the wallet details.
- Click Track Wallet.
Monitor tracked wallets
Recent trades of tracked wallet appear instantly in the Monitor section on the Track page.
You can also view the Track section on the Tokens page.
Trade notifications
Notifications appear throughout the terminal and include quick links for execution and analysis. To mute notifications, click Settings (gear icon) in the lower-right corner and toggle Show notifications and Play sound.
Chart indicators
Tracked wallet buys and sells appear as indicators on token charts.
Portfolio and performance
Use the Portfolio page for the following:
- Tracking PnL, current value, market cap, and remaining amounts.
- Closing token and perp positions.
- Reviewing your trade history.
- Identifying top gainers and losers.
Trading preferences and settings
Configure trade presets
Trade presets let you preconfigure slippage, priority fees, MEV protection, and buy and sell amounts. You can configure up to three presets.
Double-click the preset buttons (1️⃣, 2️⃣, 3️⃣) in the upper-right corner to customize.
Slippage
Slippage is how much less you’re willing to receive in a transaction.
Note: Your slippage depends on the volatility of the token. Higher marketcap coins that aren’t as volatile generally require less slippage.
- Auto slippage (20%) is recommended.
- High slippage (above 20%) increases MEV risk and only recommended for highly volatile tokens.
- Low slippage (1% to 20%) reduces MEV risk but may cause transaction failures.
Priority fee
A priority fee speeds up your transaction by paying above the base gas cost.
Tips
A tip rewards the validator to help your transaction confirm faster.
MEV protection
MEV can occur when attackers manipulate transaction ordering to profit. This can reduce the amount you receive or increase the price you pay.
Important: Enabling MEV protection may cause your transaction to take longer to execute.
Buy and sell amounts
Set preset buy amounts in SOL and sell amounts as percentages.
System settings
Click the gear icon to access:
- Show notifications
- Play sound
- Share anonymous analytics
Click the star icon to adjust background lighting.
Click the speaker icon to toggle sound alerts.
Troubleshooting
My trading account isn't visible in Phantom
If your trading account created on trade.phantom.com doesn’t appear in your Phantom mobile app or browser extension, this usually indicates a sync issue. Trading accounts should normally appear automatically.
What you can do
- Update Phantom to the latest version.
- On mobile: force-close and reopen the Phantom app.
- On desktop: lock and unlock the Phantom browser extension.
After doing this, your new trading account should appear in the account switcher:
- Mobile app: the trading account includes a remark such as “Last used with Phantom.com.” Tap your profile avatar in the upper-left corner to access it. If you traded perps in Phantom Terminal, the account will also show a separate perps balance.
- Browser extension: the trading account appears in the account switcher. Click your profile avatar in the upper-left corner to access it.
FAQ
What tokens are supported?
Only Solana tokens and Hyperliquid perps are supported.
Is Phantom Terminal available on mobile?
Yes. You can open Phantom Terminal on mobile through the in-app browser: in the Phantom mobile app, go to the Explore tab, search for “Phantom Terminal,” then tap Open.
What browsers are supported?
For the best experience, open Phantom Terminal in the same browser where you have the Phantom browser extension installed, such as Google Chrome, Firefox, Opera, Brave, Edge, and others.
Why is my connected wallet address different from my usual address?
If you sign in using Continue with Phantom → Trading Account with a recovery-phrase wallet, Phantom creates a new Solana trading account for auto-approvals. You can access it in your Phantom extension or mobile app.
Do I need to fund a separate account?
It depends on your wallet type and how you sign in:
- Seedless wallet (Apple or Google): If you use Continue with Phantom, Continue with Google, or Continue with Apple, you can trade with your existing SOL balance.
- Recovery-phrase wallet: If you use Continue with Phantom → Trading Account, it creates a new trading account that you must fund. If you use Continue with Phantom → Existing Account, you can trade with your existing SOL balance.
Are my funds custodial?
No. All trades are executed onchain and your wallet remains in your control.
Can I export the recovery phrase for a trading account created in Phantom Terminal?
No. If Phantom Terminal creates a trading account for a recovery-phrase wallet, you can’t view or export a recovery phrase for that trading account.
If you want full access to your funds using your regular recovery-phrase account, transfer funds from the trading account to your regular account in Phantom.