Phantom Terminal
Phantom's desktop trading terminal: new memecoin launches, wallet tracking and perps, straight from the wallet you already use
trade.phantom.com- phantom.com
- help.phantom.com
- sniper.xyz
Real talk
Why people use it
- Trades from your own Phantom wallet
- 0.85% swap fee, under the usual 1%
- Wallet tracking and perps in one place
Why people leave
- Market orders only on the web
- Not available in the UK; no perps in the US
- Fewer pro tools than Axiom or Terminal
What is Phantom Terminal?
Phantom Terminal is the trading terminal from the team behind the Phantom wallet, at trade.phantom.com. It launched in beta in November 2025, after Phantom bought the memecoin terminal SolSniper. SolSniper's old domain, sniper.xyz, now redirects here.
The Discover feed splits tokens into New, Migrating and Migrated, like other terminals, plus tokens trending among Phantom users. You can follow wallets, see their buys and sells on the chart and get notified. Perps run on Hyperliquid with TP/SL from the same screen, and positions sync with the Phantom mobile app.
The big difference is the wallet: you trade from your own Phantom wallet, not a new one the terminal creates. Phantom charges 0.85% on most swaps. The terminal only does market orders, and limit orders need the mobile app. It isn't available in the UK, and perps aren't available in the US.
Phantom Terminal vs the rest
AxiomAll-in-one tradingWeb, iOS1%
TerminalCashback and multichainWebNot published
PhotonSimple snipingWeb1%
GMGNFollowing smart moneyWeb, Telegram1%Phantom Terminal FAQ
Is Phantom Terminal legit?
Yes. Phantom Terminal is a real, working tool: we checked it on 7 November 2026 at trade.phantom.com. Legit doesn't mean risk-free: only open it from trade.phantom.com, never from links in DMs, and keep only what you can afford to lose in any trading wallet.
What is the Phantom Terminal URL?
trade.phantom.com. Phantom will never ask for your recovery phrase to use it.
How much does Phantom Terminal charge?
Phantom's fee is 0.85% on most swaps, plus network fees. Perps use Hyperliquid, which has its own fees.