FantomCoin (FCN) Wallet: Full Guide 2022

Currently, there are many options to store cryptocurrencies. You can choose among different types of wallets, including hardware, desktop, and mobile. The FamtonCoin Wallet belongs to the last category. But how can you install this wallet on your mobile device? How does it perform? Does it offer an acceptable security level? You can find the answers to these questions in our current FantomCoin Wallet review for 2022.

FantomCoin Wallet: Overview

FantomCoin Wallet is an easy-to-use mobile crypto wallet belonging to the Frewallet family. Freewallet is a company launched in 2016 in Tallinn, Estonia. This company developed the FantomCoin Wallet in its early stage for software testing purposes. Currently, it provides cold storage for several altcoins and is freely available for Android devices.

The FantomCoin Wallet features an in-built exchange supporting over one hundred cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, etc. This exchange is synchronized with the FantomCoin blockchain. Users can receive funds in any supported cryptocurrencies and have them reflected in FantomCoins (FCN).

You can convert back your FCN holding to any supported cryptocurrency to send funds to an external address. Besides FCN, you can view your balance in USD or other fiat currency. Transactions between Freewallet users are free of charge. The FantomCoin Wallet also features an FCN block explorer to view the details of all your transactions. This app is available in English, Chinese, French, German, Russian, and Spanish.

Steps to Open Your FantomCoin Wallet Account

Installing the FantomCoin Wallet on your Android device is as easy as it can be. The procedure is more or less the same for all Freewallet products, and it does not take more than a minute. Let us review the steps to do it.

Download the FantomCoin Wallet App

The FantomCoin Wallet app is available from the Google Play Store for free. Alternatively, you can download it from the Freewallet website.

Install the App on Your Device

This step is straightforward. Just click on the ‘Install’ button and follow the instructions.

Register an Account (Email Address, Facebook, or Google)

This procedure will simplify your authentication later. Also, the FantomCoin Wallet will send an email confirmation for every transaction.

Set a Password for Your Wallet

Choose a strong password to secure your wallet. Frewallet claims that your FantomCoin Wallet can be safely locked even if you lose your mobile device.

Verify Your Email Address

You will get an email message to verify your email address. After this verification, you will be able to use your FantomCoin Wallet. You can adjust your security settings according to your preferences. It is recommendable to enable two-factor authentication by setting a four-digit PIN code.

What Is the Procedure for Adding Cryptocurrencies to My FantomCoin Wallet?

You can fund your FantomCoin account with over one hundred cryptocurrencies. It is easy. We will tell you how to do it.

Buy Cryptocurrency Using Your Credit Card

The easiest way to fund your FantomCoin account is using your credit card. Click on ‘Smart Pay In’ on the app to buy crypto.

Keep In Mind That the Wallet Lets You Top Up with Any Cryptocurrency

As mentioned, the FantomCoin Wallet supports more than one hundred cryptocurrencies. To hold crypto, you need to generate a smart address by clicking on ‘Smart Addresses.’

Select the Cryptocurrency You Want to Buy

Now, you can choose the cryptocurrency of your preference. However, you should remember that your balance will appear in FCN.

Verify Your Transaction Details and Payment Method Then Click “Buy”

After this verification, you just need to wait for your funds to be added to your wallet. You follow a similar procedure to transfer Bitcoin, Ethereum, or another supported crypto asset from a different wallet. If you hold a cryptocurrency that the FantomCoin Wallet does not support, you can use LetsExchange.io to swap it for a supported coin. It is easy and fast, and you do not need to register or complete KYC checks.

How to Send Payments on FantomCoin Wallet?

Although your FantomCoin Wallet stores FCN, you can send payments in any supported cryptocurrencies. You can do it as follows:

Open the app, tap on the ‘+’ sign, and click ‘Send.’
The app will display the icons of all supported cryptocurrencies. Select the coin you want to send.
Input the receiving address in the ‘Wallet Address’ box.
Verify that the address is correct and confirm it.
Enter the amount to send and click ‘Continue.’
The app will display the details of the payment. You can add a description (click ‘Add Comment’ to do it). If all the details are correct, tap ‘Withdraw.’
The app will send you an email to confirm the transaction. After you confirm the payment, the transaction will be processed.

That’s all. It is easy and won’t take long to complete your payment.

FantomCoin Wallet Pros and Cons

Like any other crypto wallet, the FantomCoin Wallet has pros and cons. To help you decide whether this product is the correct one for you, we list its most prominent pros and cons. Let us begin with the pros:

A large number of supported cryptocurrencies
Cold storage for improved security
Support in different languages.

Now, the most notable cons are:

Wallet holds FCN only
Not regulated
Many negative online reviews from users
Available for Android only
Custodial service.

Technically, the FantomCoin Wallet is a good performer. However, being unregulated, one cannot consider it 100% safe. Experts do not recommend it if you hold large amounts of cryptocurrency.

Conclusion

The FantomCoin Wallet is an easy-to-use mobile wallet that supports many cryptocurrencies. However, the wallet holds only FCN, which you can swap for any supported cryptocurrencies. This feature limits transacting in other digital coins. The FantomCoin Wallet is adequate to receive and send payments. But as an unregulated wallet, you cannot be 100% sure of its safety. So, the decision of whether to use it is entirely yours.

FAQ

My FantomCoin Wallet Froze; What Should I Do?

It can be a technical problem. In most cases, deleting the app and reinstalling it will solve the problem.

What Cryptocurrencies Does the FantomCoin Wallet Support?

The FantomCoin Wallet supports 100+ cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, etc.

What Wallet Type Is FantomCoin?

The FamtomCoin Wallet is a mobile wallet for Android only. It provides cold storage for cryptocurrencies.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.

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