Phantom Wallet now supports the Bitcoin network, allowing users to purchase BRC-20 and Ordinals.

Solana ecosystem's well-known wallet, Phantom, has announced its support for the Bitcoin network. This means that users can now use the wallet to directly purchase Inscription tokens on MagicEden and also send and receive Taproot assets.

Phantom Supports Bitcoin Network

The Phantom team has completed the integration of the Bitcoin network and has released a public testing version that is open to all users. It supports digital assets such as BTC, BRC-20, and Ordinals, as well as addresses using Segwit and Taproot to meet the market's recent demands for the Bitcoin network.

In addition, Phantom offers Sat Protection, a feature that automatically retains valuable "rare sats" for users while they engage in transactions.

Phantom provides users with the option to purchase Bitcoin using credit cards, optimizing the user experience. Currently, in Taiwan, users can use MoonPay and Coinbase Pay to make credit card purchases of assets.

By default, the Bitcoin network is hidden in Phantom, but users can manually enable it by going to "Settings," clicking on "Valid Networks," and turning on the "Bitcoin Network" option, allowing them to view the Bitcoin address on the home page.

Phantom Collaborates with Unisat

Unisat has recently announced its integration with the Phantom wallet, allowing users to trade assets on the Unisat market using the wallet.

Excited to announce our partnership with @phantom🎉#UniSat now supports Phantom Wallet connections. Both UniSat Inscribe and UniSat Marketplace are now compatible with Phantom Wallet.

🚀Welcome to explore the new possibilities on UniSat. https://t.co/P1iCkUoQvZ pic.twitter.com/qYfvtCe8iz

— UniSat Wallet – Store, Inscribe and Search. (@unisat_wallet) December 21, 2023

Intense Wallet Competition

In addition to its existing support for the Solana network, Phantom has also added support for the Ethereum and Polygon networks at the end of last year, gradually expanding its support for multiple chains in an attempt to capture more market hotspots and opportunities.

Phantom is moving quickly, leveraging its limited resources to seize market hotspots and establish a strong presence.