Service profile

Phantom Profile: US Access and Service Limits

Read Phantom's documented US availability, costs and service limitations with dated sources and practical next steps.

By the CoinReckon editorial desk · Published

Evidence snapshot: · Evidence updated 2026-10-20 · Methodology 1.3.

Documentary review. No deposit, trade, withdrawal or support test was performed for this page. Read the methodology.

A blank phone and nested transparent key containers.
Editorial illustration

Choose your location to see its recorded access and ratings. GLOBAL covers the documented international route; it does not mean access in every country.

United States · Unrated profile

Phantom: recorded position

No numeric rating

Access and exclusions

Available in the recorded evidence · evidence dated .

Phantom shows up constantly in Solana circles, and readers keep asking whether a US resident can actually rely on it and what the paperwork says. This profile answers that from an imported evidence snapshot rather than a demo of the app.

What this wallet profile covers

Phantom is listed here as an informational software-wallet profile, which means CoinReckon has not assigned it a numeric rating in this wave. The operator of record is Phantom Technologies, Inc., shown as a US entity in the documentation reviewed on 2026-10-20 14. Phantom runs as a self-custody multichain wallet, delivered as a mobile app and a browser extension, and it grew up around the Solana network before broadening its chain support 35. The company dates to 2021 and is headquartered in the US 235. Everything below works from that snapshot, not from a hands-on trial.

US access and third-party services

Keep two questions apart: can a US reader install and use the wallet, and can that reader reach every service wired into it. On availability, the evidence record records US access as documented, with no excluded states noted as of 2026-10-20 68. That flag covers the wallet itself. The swaps, staking and on-ramp purchases that appear inside Phantom run through outside providers, and each of those carries its own geography and eligibility rules that the wallet flag does not settle. New York sits in its own column. The record marks NY access as documented but on no stated licensing basis, with the practical trace being a New York resident's federal lawsuit filed in the Southern District of New York 16. US access does not automatically extend to every integrated product or to every state-level requirement.

Custody and connected-service boundaries

Phantom holds funds as a self-custody wallet, so the private keys and recovery phrase sit with the user rather than with the company. That design shapes what the evidence record can and cannot establish. When you swap, stake or buy through the app, you are usually touching a third-party provider, and the limits that matter - which assets, which regions, which fees and which identity checks - belong to that provider, not to the wallet shell around it. If a purchase option disappears for your region or asset, that is the provider's rule showing through the wallet, and the evidence record does not document those provider-by-provider terms. The 2022 Slope episode made the boundary concrete: Phantom's own infrastructure was not breached, and the losses reached people who had reused one recovery phrase across apps 9.

Documented item Dated value or scope Practical implication
Operator Phantom Technologies, Inc., US, as recorded 2026-10-20 14 This is the entity named in the record; do not treat every group name as interchangeable.
US availability Documented, no excluded states, checked 2026-10-20 68 Covers wallet access, not each integrated provider.
New York scope Documented, no stated licensing basis, checked 2026-10-20 16 A distinct scope that does not inherit general US access.
Company Founded 2021, headquartered in the US 235 Identity and context only, not proof of safety.
Sanctions screening OFAC none and EU none in the sampled list, checked 2026-10-20 7 Absence from a sampled list is not regulatory approval.
2022 incident Third-party Slope seed leak, 9,200+ wallets, $4.5-8 million 9 A dated past event with a third-party root cause.

Security incidents and enforcement

In August 2022, a wave of Solana wallet drains traced back to Slope, a separate mobile wallet that had been sending unencrypted recovery phrases to its own telemetry server 9. More than 9,200 wallets were emptied across that incident for a reported $4.5 to 8 million 9. Phantom users were caught only where they had reused the same recovery phrase they had used in Slope, and Phantom's infrastructure itself was not compromised 9. The record does not document any compensation to affected users 9.

On the regulatory side, the evidence record shows no completed or open enforcement action by US authorities against Phantom, and the company does not appear in the sampled OFAC and EU listings checked on 2026-10-20 7. In March 2026 the CFTC issued Phantom a no-action letter tied to its plan to act as a technology vendor for derivatives venues. That is a position of non-enforcement with conditions attached, not a license and not an endorsement 8. Separately, a private federal lawsuit filed in 2025 by a New York resident alleges that the wallet concealed known breach risks. Those are a plaintiff's claims, and the evidence record does not record an outcome 1.

What the evidence does not measure

Several decision-grade details sit outside this snapshot. The evidence record does not document a fee schedule for the wallet or its integrated services, so cost comparisons are not something this profile can make. Recovery paths beyond the standard self-custody seed phrase are not described, and the 2022 incident record notes no compensation route. Chain-by-chain compatibility beyond the general multichain description is not laid out. No one at CoinReckon installed or operated the app for this profile, so there is no first-hand read on speed, reliability or the interface. A blank field here means the record is silent, not that a feature is missing.

How to assess it for your needs

Run the record against your own situation before you rely on it:

  • Identity and geography: confirm you are a US user the wallet documents as supported, and remember New York is its own scope that does not ride on general US access 168.
  • Intended operation: decide whether you need plain self-custody storage or the integrated extras that run on outside providers.
  • Cost or status limit: the evidence record does not publish wallet fees, so price any integrated service at the provider before you commit.
  • Custody and provider boundary: accept that you hold the recovery phrase, and that reusing it across apps is what widened the 2022 losses 9.
  • Next step: where a point stays unresolved for you, read the operator's current terms and provider pages directly instead of inferring from this snapshot.

Quick questions

Why does Phantom have no numeric rating? This wave publishes it as an informational software-wallet profile, so no score is assigned. The template reads that status from the profile data, not from any number in this text.

Does wallet access mean every integrated service is available? No. The documented US access covers the wallet itself, while the integrated services keep their own provider and geographic limits.

Was the wallet tested for this profile? No. This is a documentary profile built from an imported snapshot, not a hands-on review.

Your practical next step: match this record to your own use, then read the operator's live terms and any provider page before you move funds. For broader context, see the category hub and a related service profile, browse all crypto service reviews, check how CoinReckon assesses services, or send an editorial correction if a dated fact here needs an update.

Sources

This profile is general educational information, not personal investment, legal or tax advice. Crypto can lose value, and a documentary analysis is not a guarantee of safety, access or recovery. CoinReckon uses no affiliate links or purchase incentives, and the dates shown mark when the evidence was recorded, not a fresh verification.