How long does a deposit from Phantom to Peanut take?

Solana transactions confirm in under 1 minute. Polygon takes about 5 minutes. Ethereum can take up to 10 minutes. Solana is the recommended network for the fastest deposit.

Does Phantom support Arbitrum or Tron?

No. Phantom supports Solana, Ethereum, Polygon, and Base. If you need to deposit from Arbitrum, Tron, or Avalanche, use MetaMask or another multi-chain wallet.

What do I need to pay gas fees?

A small balance of the network's native token. For Solana, you need SOL. For Ethereum and Base, you need ETH. For Polygon, you need MATIC. The amount is very small — under $0.01 on Solana.

What happens if I send on the wrong network?

Sending on a network that does not match your Peanut deposit address will result in permanent loss of funds. Make sure Phantom is on the same network as the deposit address shown in Peanut.

My deposit from Phantom has not arrived — what should I do?

Check the transaction in Phantom's activity history. Copy the transaction signature and look it up on the relevant explorer (e.g., Solscan for Solana). If confirmed but not in Peanut, contact support with the transaction details. See the deposit troubleshooting guide.

Deposit from Phantom to Peanut

Send USDC or USDT from Phantom to Peanut. Gas under $0.01 on Solana. The fastest way to fund your account.

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How to Deposit from Phantom to Peanut

Phantom is a popular self-custody wallet built for Solana, with support for Ethereum, Polygon, and Base. Sending USDC from Phantom via Solana is one of the fastest and cheapest ways to deposit into Peanut — transactions confirm in under a minute with gas fees under $0.01.

Once your deposit arrives, your money is held in digital dollars. You can pay at over a million merchants in Argentina, send Pix in Brazil, send money to anyone, or withdraw to a bank account in 40+ countries.

Before You Start

Make sure you have:

Phantom wallet installed. Available as a browser extension and mobile app for iOS and Android.
USDC or USDT in your Phantom wallet. On a Peanut-supported network (Solana, Ethereum, Polygon, or Base). Phantom does not support DAI.
Native tokens for gas. You need SOL for Solana transactions, ETH for Ethereum/Base, or MATIC for Polygon.
A verified Peanut account. Verification takes under 2 minutes.

How to Deposit from Phantom

1
Open Peanut and copy your deposit address
Tap "Deposit" in the Peanut app, select Solana (recommended) or another supported network, and copy the deposit address.
2
Open Phantom and select Send
In your Phantom wallet, make sure you are on the correct network (Solana is the default). Tap Send.
3
Paste the Peanut deposit address
Paste the address you copied from Peanut into the recipient field.
4
Select your stablecoin and enter the amount
Choose USDC or USDT and enter the amount you want to send.
5
Review and confirm
Review the estimated gas fee (under $0.01 on Solana) and confirm the transaction.

Your Peanut balance updates automatically once the transaction confirms. Solana deposits typically arrive in under 1 minute.

Fees

Phantom charges no transfer fees. You only pay network gas:

Network	Typical Gas Cost
Solana	Under $0.01
Polygon	Under $0.01
Base	$0.01–$0.10
Ethereum	$0.50–$5.00+

Gas is paid in the native token (SOL, MATIC, or ETH). Peanut charges no deposit fee. For a full overview, visit the pricing page.

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FAQ

Deposit from Phantom in under a minute. Gas under $0.01 on Solana.

Deposit from Phantom to Peanut

How to Deposit from Phantom to Peanut

Before You Start

How to Deposit from Phantom

Open Peanut and copy your deposit address

Open Phantom and select Send

Paste the Peanut deposit address

Select your stablecoin and enter the amount

Review and confirm

Fees

FAQ