# How to set up a decentralised wallet and use a decentralised exchange.

1. Download the [Phantom](https://phantom.app/) app/chrome extension
2. Set up a new wallet by following the given instructions AND making sure to write down your recovery phrase
3. Transfer crypto from your centralised exchange (such as Binance) to phantom

   1. **Sign in to Binance**:
      * Go to the Binance website and sign in to your account using your credentials.
   2. **Navigate to Withdraw**:
      * Once logged in, hover over the "Wallet" tab and click on "Overview."
      * Next, find and click on "Withdraw."
   3. **Select Cryptocurrency**:
      * In the withdrawal section, select the cryptocurrency you want to transfer to your Phantom Wallet. Make sure the selected cryptocurrency is supported by Phantom (eg. Eth, Sol)
   4. **Enter Withdrawal Address**:
      * Open your Phantom Wallet extension and click on the Phantom Wallet icon in your browser.
      * Navigate to the "Receive" section to find your Phantom wallet address for the selected cryptocurrency. Click on "Copy" to copy the address to your clipboard. Make sure to click the right address for the right network (eg. if you are sending on Solana, click Solana address, if you are sending on Ethereum, click Ethereum address)
   5. **Paste Wallet Address on Binance**:
      * Go back to the Binance withdrawal page and paste the Phantom wallet address you copied into the "Recipient's crypto address" field.
   6. **Enter Amount**:
      * Enter the amount of cryptocurrency you want to transfer to your Phantom Wallet.
   7. **Network Selection**:
      * Choose the appropriate network for the cryptocurrency you're withdrawing. Ensure that you select the correct network compatible with Phantom (e.g., Ethereum for ERC-20 tokens).
   8. **Review and Confirm**:
      * Double-check all the details, including the withdrawal address and amount.
      * Once you're satisfied, click on "Submit" or "Withdraw" to initiate the transfer.
   9. **Authentication**:
      * Binance may require you to complete additional security steps, such as two-factor authentication (2FA), to verify the withdrawal request.
   10. **Wait for Confirmation**:
   11. After submitting the withdrawal request, wait for Binance to process the transaction. This usually takes a few minutes, but it can vary depending on network congestion.

   h. **That’s it! Your phantom wallet is now funded with crypto**
4. To trade through phantom, use the Jupiter exchange (a decentralised exchange which we highly recommend as it will give you the best rates available, and works across many chains, including Ethereum and Solana).
   1. **Open your Phantom wallet**
   2. **Navigate to the globe on the bottom right corner and search “Jupiter” (this should come up)**
   3. **Connect your wallet (this should automatically give you the option to)**
   4. **Here, you can trade all types of coins, including smaller coins which are not yet listed on centralised exchanges such as Binance.**

If you are still unsure on how to do this, watch this video below:

{% embed url="<https://youtu.be/3CvYMpJ2Bz8>" %}


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