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How to Buy Solana Using Credit/Debit Card On Phantom Wallet and Swapping Sol for InVastor Coins On The Wallet

19 days ago
11

Buying Solana (SOL) and swapping it for InVastor coins using the Phantom Wallet involves several straightforward steps. Below, I’ll guide you through the entire process, including setting up your wallet, purchasing SOL with a credit or debit card, and swapping SOL for InVastor coins.

Step 1: Setting Up Phantom Wallet

If you haven’t already, you’ll need to install the Phantom Wallet. It’s available as a browser extension for Chrome, Firefox, and Edge, as well as a mobile app for iOS and Android.

  1. Visit the Phantom Wallet website and download the extension or mobile app.
  2. Follow the prompts to create a new wallet. Make sure to securely store your recovery phrase.
  3. Once your wallet is set up, you can access it by clicking the Phantom icon in your browser or opening the app.

Step 2: Buying Solana (SOL) with Credit/Debit Card

Phantom Wallet allows you to purchase SOL directly using a credit or debit card through a third-party provider. Here’s how:

  1. Open your Phantom Wallet and click on the “Buy” button. This is usually found on the main dashboard.
  2. Select the amount of SOL you want to purchase. You can enter the amount in USD, and it will convert to SOL for you.
  3. Choose the payment method. You will typically see options for credit/debit cards.
  4. Input your card details and follow the prompts to complete the purchase. You may need to verify your identity depending on the service provider.

Example: If you want to buy $100 worth of SOL, enter that amount, and the wallet will show you how much SOL you will receive based on the current market rate.

Step 3: Swapping SOL for InVastor Coins

Once you have purchased SOL, you can swap it for InVastor coins using a decentralized exchange (DEX) that supports Solana. Here’s how:

  1. Make sure you have some SOL in your wallet. This will be used for transaction fees.
  2. Visit a DEX that supports InVastor coins, such as Raydium or Jupiter Exchange.
  3. Connect your Phantom Wallet to the DEX by clicking the “Connect Wallet” button and selecting Phantom from the list.
  4. Once connected, you’ll see an option to swap tokens. Select SOL as the token you want to swap from and InVastor coins as the token you want to swap to.
  5. Enter the amount of SOL you want to swap for InVastor coins.
  6. Review the transaction details, including the estimated amount of InVastor coins you will receive and the transaction fee.
  7. Click “Swap” to complete the transaction.

Step 4: Confirming the Swap

After the swap is completed, you can confirm the transaction in your Phantom wallet:

  1. Go back to your Phantom Wallet and click on the “Assets” tab.
  2. Look for InVastor coins in your asset list. If you don’t see them, you may need to add the token manually by searching for its contract address.

Important Considerations

  • Always double-check the token contract address for InVastor coins to avoid scams.
  • Transaction fees can vary, so be aware of the costs involved in buying and swapping tokens.
  • Keep your wallet and recovery phrase secure to protect your assets.

By following these steps, you can successfully buy Solana using a credit or debit card on the Phantom Wallet and swap it for InVastor coins. Happy trading!

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