Does Phantom wallet have fees?

Solana fees are $0.00025 per transaction , but they fluctuate over time. The fees are set by the competition for block-space, which increases when the traffic on the blockchain increases. Compared to Ethereum, Solana has 60 thousand times lower fees.

Phantom charges a flat 0.85% transaction fee on swaps where both assets are included in the following list: SOL, USDC, USDT, ETH, BTC, renBTC. Rates that appear in the Phantom application are calculated with fees applied. Fees are claimed in the form of the taker asset.

Phantom Wallet Fees For any transactions on the Solana network, you’ll need to pay transaction costs or gas fees, which in this case is paid in SOL . This is similar to how you need to pay ETH for transactions on Ethereum or BNB for the Binance Smart Chain.