How Much Does Phantom Wallet Charge for Transactions?

Transaction Fee Structure

1. Phantom Wallet itself does not impose fixed transaction fees for on-chain transfers.

2. Fees are dynamically determined by the underlying blockchain network—Solana, Ethereum, or Bitcoin—based on real-time congestion and validator demand.

3. On Solana, typical base fees range from 0.000005 SOL to 0.00001 SOL per signature, though priority fees may increase this during peak usage.

4. For Ethereum-based transactions, Phantom displays gas estimates sourced directly from EIP-1559-compatible fee APIs before confirmation.

5. Bitcoin transactions processed via Phantom’s Ordinals/BRC-20 integration reflect mempool-driven satoshi-per-byte rates fetched live from block explorers.

Refuel Mechanism Impact

1. When users lack sufficient SOL to cover network fees, Refuel automatically converts a portion of the intended transfer value into SOL.

2. The conversion uses real-time DEX-sourced price feeds from Jupiter and Raydium, with slippage tolerance set at 0.5% by default.

3. No additional markup is applied during Refuel execution; only standard swap fees from integrated liquidity pools apply.

4. Users retain full visibility of the converted amount and final fee deduction prior to signing.

5. Refuel operates exclusively on Solana and does not extend to Ethereum or Bitcoin fee layers.

Perpetuals Trading Costs

1. Phantom Perps leverages Hyperliquid’s fee model: 0.03% taker fee and 0.01% maker rebate on perpetual futures trades.

2. Each trade incurs a protocol-level builder fee capped at 0.1% of position size, paid on-chain as part of order submission.

3. Funding rate payments occur every eight hours and are calculated transparently using Hyperliquid’s index price oracle.

4. Liquidation penalties are enforced solely by Hyperliquid’s risk engine—not Phantom—and follow its published margin thresholds.

5. No custody-related fees apply, as Phantom remains non-custodial; all collateral resides in Hyperliquid’s smart contracts.

Swap and DeFi Interaction Fees

1. Built-in swaps route through multiple AMMs including Orca, Raydium, and Jupiter, with routing optimized for minimal slippage and gas cost.

2. Phantom applies no platform fee on swaps; users pay only pool fees (typically 0.25%–0.3%) and network costs.

3. Cross-chain bridging via Wormhole or LayerZero integrations displays estimated relay and gas fees before initiation.

4. Staking rewards distribution carries zero withdrawal or claim fees on Solana or Ethereum staking modules.

5. NFT minting and listing fees reflect native chain requirements—no Phantom-imposed surcharges are added.

Frequently Asked Questions

Q: Does Phantom charge for wallet creation or recovery?Phantom imposes no fee for wallet creation, import, or seed phrase recovery. All cryptographic operations occur client-side without backend billing.

Q: Are there hidden fees when connecting to third-party dApps?No hidden charges exist during dApp connection. Phantom only relays user-signed transactions; any fees originate from the dApp’s contract logic or network layer.

Q: Can users adjust gas or priority fees manually in Phantom?Yes. Advanced settings allow manual override of Solana compute units, Ethereum maxFeePerGas, and Bitcoin fee rate—accessible before final signature.

Q: Is the 0.1% builder fee for Perps deducted from user equity or paid separately?The 0.1% builder fee is deducted from the executed trade value at settlement, not from margin balance. It appears as a separate line item in the Hyperliquid position history.