Create a wallet (SOL)

1. Why You Need a Wallet

To use PancakeSwap on Solana, you need a crypto wallet — it’s your personal vault for digital assets and your passport to DeFi. Without a wallet, you won’t be able to:

  • Swap tokens on Solana

  • Provide liquidity to PancakeSwap’s V3 Pools (our capital-efficient, concentrated liquidity model)

  • Interact with any dApp or store tokens on Solana


2. Wallet Setup Essentials (Security First!)

Crypto wallets give you full control over your assets — but with great power comes great responsibility. Keep your wallet safe by following these best practices:

✅ Do’s
❌ Don’ts

Download from official sources (app stores, verified websites)

❌ Don’t install from random links or DMs

Follow the setup instructions carefully

❌ Don’t rush or skip the backup process

Back up your recovery phrase and store it offline

❌ Don’t screenshot or store it on your phone or computer

Keep your phrase private — it's your only way to recover access

❌ Never share it, even if someone claims to be "support"

✅ Only enter your recovery phrase inside the wallet app

❌ Never input it into websites, popups, or other apps

🧠 Your recovery phrase = access to your wallet


3. Choosing Your Wallet: Mobile vs. Desktop

Not sure which type of wallet to use? Here’s a quick breakdown of mobile vs. desktop/web wallets so you can choose what fits your style:

Feature

Mobile Wallets

Browser/Desktop Wallets

Use case

Swap & track on-the-go

Best for multitasking or deep dApp use

Ease of use

Intuitive, beginner-friendly

Lightweight extensions, quick access

Security

Depends on phone security

Easier hardware wallet integration

Convenience

All-in-one app

More manual, but powerful

Best for...

Casual users, mobile-first traders

Desktop users, more advanced flows

📱 Mobile wallets can offer a smoother experience for trading, managing portfolios, and browsing NFTs — all from your phone.


⚠️ Note: These are some Solana-compatible wallets based on current ecosystem adoption. Always DYOR (Do Your Own Research).

Multi-Platform Wallets (Mobile & Desktop)

Some popular wallets that you may use for the Solana ecosystem (not limited to):

Both Phantom and Solflare are available on:

  • iOS & Android apps

  • Web Browser extensions


🔌 WalletConnect-Compatible Options

Using WalletConnect, you can connect other wallets to PancakeSwap on Solana — directly from desktop or mobile:

  • Binance Wallet

  • OKX Wallet

  • Jupiter Wallet

  • Backpack, and more

You’ll see a full list of supported wallets when connecting on the PancakeSwap UI via WalletConnect.


5. General Wallet Setup Steps (Quick Guide)

No matter which wallet you choose, the process is generally similar:

  1. Download the wallet app or browser extension from its official source

  2. Launch the app and tap “Create a new wallet”

    • (Or select “Import” if you already have one)

  3. Set a strong password or PIN (if required)

  4. You’ll be shown a recovery phrase (12 or 24 words) —

    Write it down and store it somewhere safe, offline

  5. Confirm your recovery phrase to complete setup

  6. Fund your wallet with SOL

    → You’ll need SOL to pay for gas fees when swapping or adding liquidity on PancakeSwap


Why SOL?

SOL is the native token of the Solana blockchain — it’s used to pay for transaction fees.

Before you can interact with PancakeSwap, you’ll need to hold some SOL in your wallet.

You can:

  • Buy SOL on a centralised exchange and transfer it in

  • Or bridge assets to Solana using a cross-chain bridge (coming soon on PancakeSwap)

View here to see how to Get SOL


Ready for the Next Step?

Once your wallet is set up and funded with SOL, you’re ready to:

  • Swap tokens using PancakeSwap on Solana:

  • Add liquidity to V3 Pools and start earning:

💡 What are V3 Pools?

PancakeSwap V3 uses a concentrated liquidity model, designed to maximise capital efficiency.

Want to learn more? Check out the Liquidity Pools section.

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