If you connected to Phantom Terminal (trade.phantom.com) using the Trading Account feature, a new account was created in your wallet. We refer to this account as a trading account in this article. This account supports automatic approvals of transactions on Phantom Terminal, which lets you trade instantly.
Why does this account appear?
If your wallet was set up using a Secret Recovery Phrase, then when you first connect to Phantom Terminal using the Continue with Phantom → Trading Account option, Phantom creates a new trading account in your wallet.
You'll see a prompt explaining this, along with a "NEW" badge next to the account.
The "NEW" badge only appears once. If you manually disconnect from Phantom Terminal later, then connect again using Continue with Phantom → Trading Account, the trading account will be selected automatically—such as "Account 2" in the following screenshot.
How can I identify this trading account?
The trading account appears in your account switcher similar to a regular account. In the screenshot, the trading account is called "Account 2." On mobile, you may briefly see the label "Last used with Phantom.com" next to the trading account after it's created.
In your app logs (Settings → Security & Privacy → Download App Logs), the trading account appears as a kmsVault account type. For example:
{
name: "Account 2",
identifier: "kms:<unique-identifier:vault",
addresses: [
...
],
type: "kmsVault",
...
}How is this account different?
Unlike regular accounts, the trading account doesn't show a confirmation pop-up for each transaction on Phantom Terminal. When you connect to Phantom Terminal using the Continue with Phantom → Trading Account option, you pre-authorize the account to sign transactions on Phantom Terminal automatically. Trades execute immediately when placed.
This account also has its own Secret Recovery Phrase, which has 24 words.
FAQ
Can I export a recovery phrase for the trading account?
Yes. Go to Settings → Manage Accounts → select the account → Show Recovery Phrase.