Route 1: through an exchange
- On the exchange, find the deposit option for the token and copy the address and network.
- In Phantom, tap + then Send on mobile, or click Send on the Home tab in the extension. Paste the address, pick the token, enter the amount and add a memo if the exchange requires one.
- When the tokens arrive, sell them for your local currency and withdraw to your linked bank account.
Check before you send
- The token and the network must both be supported by the exchange. Phantom's help center warns that an unsupported token or the wrong network can lose funds.
- Swap lesser-known tokens such as memecoins to a widely supported token like SOL, USDC or USDT first.
- Keep enough of the native token, such as SOL, to pay the network fee.
- Do not withdraw CASH straight to an exchange. Move it to your main wallet and swap to SOL or a stablecoin first.
- Blockchain transactions cannot be reversed.
Route 2: Cash account to a US bank
Phantom's pages say this is limited to US users who completed identity verification in the app, with exclusions listed such as New York. Check eligibility in the app.
Taxes
Selling crypto for cash may be taxable depending on where you live. Phantom does not issue tax forms. See the tax tools page, Phantom and how to cash out SOL and memecoins.