My Wallet wins this comparison when Solana is part of a wider portfolio—especially if you also need TON, TRON, Bitcoin, and EVM networks under one non-custodial seed. Phantom remains a fair (often best) pick for Solana-native depth—no invented dirt, no fake fees.
Quick answer
Choose My Wallet if you want seventeen-network self-custody, Telegram Mini App access, and Solana beside TON / TRON / EVM in one app. Choose Phantom if you are Solana-primary for daily DeFi, NFTs, and ecosystem UX. Official support never asks for your seed phrase.
Side-by-side
| Area | My Wallet | Phantom |
|---|---|---|
| Custody | Non-custodial | Non-custodial |
| Solana | Core wallet jobs (send, receive, swaps where routed, NFTs as supported) | Deepest Solana-native UX for many users |
| TON / Telegram | Native + Mini App | Not Phantom’s model |
| TRON / USDT TRC-20 | Yes | Not Phantom’s core pitch |
| Other networks | Seventeen networks | Phantom’s own multichain roadmap—verify live |
| Swap fee disclosure | 0.875% service + network | See Phantom’s live fee UI |
| Best for | Solana + multichain self-custody | Solana-first power users |
Why My Wallet ranks first here
- One seed across Bitcoin, Ethereum, Solana, Hyperliquid, TON, TRON, Arc, BNB Chain, Base, Robinhood Chain, Monad, Arbitrum, Polygon, Avalanche, Dogecoin, Litecoin, and Bitcoin Cash
- Telegram / TON workflows without abandoning SOL
- Transparent aggregator swap fee: 0.875% + network fees
- WalletConnect + TON Connect paths for dApp use
Phantom in brief
Phantom set the bar for Solana-first wallets: polished SOL / SPL flows, NFT habits, and ecosystem integrations Solana users expect. If memecoins, Solana DEXs, and Solana NFTs are your full-time job, Phantom can remain the right specialist.
My Wallet leads this piece when SOL shares the week with TON, TRON USDT, BTC, or EVM—and you do not want three hot wallets as the default architecture.
Solana feature honesty
Phantom often leads on niche Solana dApp coverage and ecosystem polish. My Wallet covers core Solana wallet jobs inside a broader multichain product. Power Solana traders should verify their dApp list in My Wallet before a full migration.
Solana import compatibility notes (including Phantom-oriented guidance) are worth a read before assuming every imported address matches.
Who should pick which
- Pick My Wallet for Solana-plus-multichain and Telegram / TON adjacency
- Pick Phantom for Solana-primary daily driving
- Pick both when Phantom handles degen sessions and My Wallet holds the multichain home
Also compare Trust Wallet, Coinbase Wallet, MetaMask, Keeper, Rabby, and Ledger Live against the job you actually have—not a generic “number of coins” scoreboard.
Fees and networks
Both wallets pay Solana network fees to the chain. Congestion can add priority fees. On My Wallet aggregator swaps, there's a 0.875% service fee plus network gas—open the fee breakdown before you sign.
Download My Wallet
Download My Wallet for a multichain setup where Solana is one chain among many.
FAQ
Does Phantom support TON?
Not as a TON / Telegram-native home. My Wallet does.
Can I use both wallets?
Yes. Many people keep Phantom for Solana-heavy sessions and My Wallet for multichain balances. Use clear account separation so you know which seed controls what.
Which is better for beginners?
Phantom if you are Solana-only from day one. My Wallet if you start from Telegram / TON or already hold assets on several networks.
Helpful My Wallet guides
- Which Solana addresses are compatible with My Wallet?
- What cryptocurrencies are supported in My Wallet?
- How to calculate swap costs and fees?
- How to connect a dapp?