Phantom Lets U.S. Users Send and Receive Bank Wires Up to $1 Million

According to Phantom, users in the United States can now fund accounts and move bank wires of up to $1 million without Phantom fees.

Summary

Phantom said users in the United States can now fund their accounts and send or receive bank wires of up to $1 million without Phantom fees. The update expands funding and withdrawal options for users of the crypto wallet, linking traditional bank transfers with digital asset account access. The company did not provide additional details in the source text about partner banks, eligibility limits beyond the stated cap, or whether third-party banking charges may still apply.

Terms & Concepts
  • Crypto wallet: Software that lets users store, send, and receive digital assets and interact with blockchain-based services.
  • Bank wire: An electronic transfer of money through the banking system, often used for larger-value domestic or international payments.
  • Account funding: The process of adding money to an account so it can be used for trading, payments, or other financial activity.