Moonshot vs Phantom
Phantom is cheaper: a $1,000 buy-and-sell costs $15.30 in platform fees vs $20.00 on Moonshot. Pick Moonshot if you are mobile-first buyers who want to fund with card or Apple Pay and trade Solana memecoins in a simple app. Pick Phantom if you are solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions.
Checked 2026-10-16 · both venues' fee pagesMoonshot is a mobile app for buying memecoins, tokenized stocks and leveraged positions on Solana, with a Create tab for launching coins. It describes itself as a self-custodial wallet that routes swaps through the Jupiter aggregator.
Phantom is a self-custodial multi-chain wallet (Solana, Ethereum, Base, Polygon, BNB Chain, Bitcoin, HyperEVM and others) with built-in swaps, cross-chain swaps, Hyperliquid-powered perps, prediction markets and a Cash stablecoin account. It charges a 0.85% Phantom fee on most swaps.
Phantom saves $4.70 per $1,000 round trip.
Side by side
| Moonshot | Phantom | |
|---|---|---|
| Type | Launchpad | Wallet |
| Status | live | live |
| Chains | Solana | Solana, Ethereum, Base, Polygon, BNB Chain, Bitcoin, HyperEVM, Robinhood Chain, Arc |
| Platforms | ios, android | ios, android, extension, web |
| Custody | embedded-wallet | non-custodial |
| KYC | onramp-only | onramp-only |
| Platform fee, round trip | 2% | 1.7% |
| $1,000 round trip | $20.00 | $17.00 |
| Sign-up perk | Under a separate referral bonus program, both users may receive up to $100 of sponsor memecoins (90% chance of $3) after the new user deposits $5+ via the on-ramp. iOS only; KYC/AML required to claim. | 10% of own eligible trading fees rebated for 3 months, paid in CASH |
| Perps taker / maker | — | 0.095% / — |
| United States | Partly available | Partly available |
| United Kingdom | Partly available | Partly available |
| European Union | Unverified | Partly available |
| Launched | 2024-06 | — |
| Reported incidents | 0 | 3 |
What your trade costs on each
Cost of a round trip (buy + sell). Platform fee only; network and pool fees are extra.
Features
| Feature | Moonshot | Phantom |
|---|---|---|
| memecoins | ✓ | — |
| token creation | ✓ | — |
| creator fees | ✓ | — |
| tokenized stocks (xStocks) | ✓ | — |
| leverage up to 250x | ✓ | — |
| Apple Pay on-ramp | ✓ | — |
| mobile app | ✓ | ✓ |
| Jupiter routing | ✓ | — |
| referral rewards | ✓ | — |
| swaps | — | ✓ |
| cross-chain swaps | — | ✓ |
| perps | — | ✓ |
| prediction markets | — | ✓ |
| copy trading | — | ✓ |
| limit orders | — | ✓ |
| gasless transactions | — | ✓ |
| cash account | — | ✓ |
| debit card | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Moonshot: watch out for
- Trades of $2-$100 cost 2.5% per side with about a $0.99 minimum, so small round trips cost 5% or more.
- Leverage and tokenized stocks are unavailable to US, Canadian and UK persons.
- Leverage of up to 250x can liquidate positions on small price moves.
Phantom: watch out for
- 0.85% swap fee on most swaps (1.7% for a buy-and-sell round trip), on top of network fees and price impact.
- Perps are unavailable in the US and UK; tokenized stocks are blocked in the US, UK, France, Germany and the Netherlands.
- Dropped Monad (Aug 2026) and Sui (Sep 2026) support; Arbitrum, Optimism and Avalanche are not supported.
FAQ
Is Moonshot better than Phantom?
Phantom is cheaper: a $1,000 buy-and-sell costs $15.30 in platform fees vs $20.00 on Moonshot. Pick Moonshot if you are mobile-first buyers who want to fund with card or Apple Pay and trade Solana memecoins in a simple app. Pick Phantom if you are solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions.
Which is cheaper, Moonshot or Phantom?
Phantom. On a $1,000 round trip: Phantom $15.30 vs Moonshot $20.00, platform fees only.
Can I use Moonshot or Phantom in the US?
Moonshot: partly available. Phantom: partly available. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Moonshot homepage — checked 2026-10-16
- Moonshot Support: Fees — checked 2026-10-16
- Moonshot Support: Creator fees — checked 2026-10-16
- Moonshot Support: Refer friends — checked 2026-10-16
- Moonshot Support: DEXs — checked 2026-10-16
- Moonshot Support: Leverage — checked 2026-10-16
- Swap crypto in Phantom (Phantom Help) — checked 2026-10-16
- Trade perps in Phantom (Phantom Help) — checked 2026-10-16
- Understanding perp trading in Phantom (Phantom Help) — checked 2026-10-16
- Supported networks (chains) in Phantom — checked 2026-10-16
- Ending support for Monad in Phantom — checked 2026-10-16
- Ending support for Sui in Phantom — checked 2026-10-16