Wallet Setup Guide · 2026

How to Set Up a
Solana Wallet

To receive payouts from SOLANAFUNDED, you need a Solana-compatible wallet. This guide covers Phantom, Solflare, Backpack, and Exodus — step-by-step, with no jargon.

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Recommended wallets

Best Solana wallets for SOLANAFUNDED payouts

Any Solana-compatible wallet that supports SOL and USDC (SPL tokens) will work. These four are the most widely used and recommended.

👻

Phantom

Most popular Solana wallet. Browser extension (Chrome, Firefox, Brave, Edge) plus iOS and Android apps. Clean interface, supports SOL, USDC, and all SPL tokens.

phantom.app →
☀️

Solflare

Feature-rich wallet with built-in staking. Excellent for traders who want full control. Browser extension + mobile. Supports hardware wallets (Ledger).

solflare.com →
🔒

Backpack

Modern multi-chain wallet by the xNFT team. Solana-native with clean UX. Growing fast in the Solana ecosystem. Browser + mobile.

backpack.app →
🌊

Exodus

Polished desktop and mobile wallet. Supports Solana and most major chains. Great interface for beginners who want simplicity.

exodus.com →

Recommended for SOLANAFUNDED: Phantom is the most widely used in the Solana trading community and has the smoothest experience for receiving SOL and USDC payouts. The guide below uses Phantom.

Step-by-step

Install Phantom Wallet — complete guide

1

Go to phantom.app

Open phantom.app in Chrome, Firefox, Brave, or Edge on your desktop. For mobile, search "Phantom Wallet" in the App Store or Google Play — download only from the official store listing.

2

Click "Download" and add to your browser

Select your browser, then click "Add to [Browser]" on the extension store page. The Phantom icon will appear in your browser toolbar after installation.

3

Click the Phantom icon and select "Create New Wallet"

Phantom will show you a 12-word seed phrase (recovery phrase). Write this down on paper immediately. Do not take a screenshot. Do not save it in a notes app or email. This phrase is the master key to your wallet — anyone with it can access your funds.

4

Confirm your seed phrase

Phantom will ask you to confirm a few words from your phrase to make sure you wrote it down. Select the correct words in order. This step cannot be skipped.

5

Set a password

Create a password for browser-level access to your wallet. This is separate from your seed phrase — it only protects the extension on this device.

6

Copy your Solana wallet address

Open Phantom and click on your wallet name at the top of the popup. Your Solana address (a string of ~44 characters starting with a capital letter) will be copied to your clipboard. It looks like: 7xKXtg2CW87d97TXJSDpbD5jBkheTqA22YXNK

7

Provide your address to SOLANAFUNDED

When you request a payout on SOLANAFUNDED, paste this address in the payout destination field. Your SOL or USDC will arrive directly to this wallet within 7–28 minutes.

[ Phantom wallet step screenshots — add here ]
Step 1: phantom.app homepage • Step 3: seed phrase screen • Step 6: address copy view

Security

Wallet security essentials

Seed phrase = your wallet. Store your 12-word phrase offline on paper. A metal backup is even better for long-term storage. Never digitise it.

Questions

Wallet FAQ

Which wallet is best for SOLANAFUNDED payouts?+
Phantom is the most popular choice in the Solana trading community and the easiest to set up. Solflare is a strong alternative if you want hardware wallet support. Both handle SOL and USDC without issue.
Can I use a Coinbase or Binance address for SOLANAFUNDED payouts?+
No. Never use exchange deposit addresses for prop firm payouts. You do not control the private keys to exchange addresses. Always use a self-custody wallet like Phantom or Solflare where you hold your own seed phrase.
Does it cost anything to set up a Phantom wallet?+
No. Phantom is free to download and use. Creating a wallet costs nothing. There are small network fees (fractions of a cent on Solana) for sending transactions, but receiving payouts has no cost to you.
Is there a SOLANAFUNDED coupon code?+
Yes — code SFDON30 gives 30% off any challenge account. See our coupon page for the full details on how to apply it.

Wallet set up? Time to get funded.

Use code SFDON30 for 30% off your challenge account. Payouts go straight to your new wallet.

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