THE INDEPENDENT GUIDE
New to fomo?
Start here.
fomo is an app that lets you buy crypto from your phone using Apple Pay or a debit card, and see what other traders are buying while you do it. It is genuinely easy to start, which is the point — and it also means it is easy to spend money without noticing. This guide walks you through setting it up, shows you exactly what each trade costs, and points out the things worth knowing before you put real money in. Plain English, no jargon, and we show our sources.
Independent. Not affiliated with fomo. Signing up through our link gives you a permanent 10% discount on trading fees and pays us a commission, and we say so on every page. Nothing here is financial advice.
0.50%
Standard trading fee
0.45%
Your fee with our link
$0.95
Minimum fee, small Solana orders
5
Chains supported
What is fomo?
fomo is a mobile app, built by FOMO Labs Inc., that lets you buy and sell crypto across five chains -- Solana, Base, BNB Chain, Monad and Ethereum -- using a card, Apple Pay, or an existing crypto balance. It launched in April 2025 and has since raised roughly $94M, most recently a $75M Series B led by Index Ventures at a $550M valuation. Alongside spot trading, it layers on a social feed where you can follow other traders and see their trades in real time. Our What Is fomo? page covers the full picture.
The fee is 0.50% per trade, which is 50 cents on a $100 trade. The catch is on Solana: any order under 200 USDC pays a flat $0.95 no matter how small it is, so a $10 trade costs you 95 cents rather than 5 cents. We work it out trade size by trade size in the fees guide.
Wallets are non-custodial. Keys are generated and split into shares through Privy (acquired by Stripe in 2025), so no single party -- including fomo -- can reconstruct your wallet on its own, unless and until you export the key yourself. We cover exactly what changes when you do in Is fomo Safe?. fomo also offers perpetual futures, though it doesn't run them itself -- they route to Hyperliquid through a builder code, covered in our perps guide.
DECIDED ONCE, AT SIGNUP
Pay 0.45% instead of 0.50%, permanently
fomo's help center calls this a 10% discount, which is the same thing said a more confusing way: 10% off a 0.50% fee leaves you paying 0.45% on every trade. It applies automatically -- there's no code to enter later and no tier to climb.
The catch: it can only be added at signup. There's no way to apply a code to an account that already exists. That's the whole argument for using a link before you create your account, and it's the only reason this page pushes one. How the referral works has the full mechanics, including what the person who referred you earns.
Get 10% off fomo feesSourcing: verified verbatim against help.fomo.family, 2026-08-08. We earn 25% of the trading fees generated by people who sign up through our link, which is why the link is here -- it costs you nothing extra and saves you 10%.
SEVEN CLUSTERS
Explore our guides
Getting Started
Download the app, set up the embedded wallet, fund it with a card or a transfer, and place a first trade without losing a fifth of it to fees.
Explore Guides →
Trading & Perps
Spot swaps, the social feed and following other traders, and the perpetual futures that are not fomo's own — they are Hyperliquid trades placed through a builder code.
Fees & the $0.95 Minimum
The headline is 0.50%. A $0.95 floor on small Solana orders makes a $10 buy cost 9.5%, majors are 0.05%, and Ethereum adds gas. The real schedule, with sources.
fomo Comparisons
Cited, data-driven comparisons against Moonshot, Phantom, Jupiter Mobile, Coinbase, Robinhood and the desktop terminals. Every fee quoted from official docs.
Token, Points & Ecosystem
Whether a fomo token exists, what the points program actually is, and how to tell the app apart from the unrelated FOMO tokens that own its search results.
Security & Safety
What a Privy embedded wallet means for who holds your keys, what happens if you lose access, and the fake fomo apps and lookalike domains to avoid.
Troubleshooting
Stuck deposits, failed swaps, withdrawal limits, card declines, and the restricted-jurisdiction errors that block perps for U.S. users.
NEW TO FOMO
Start here, in this order
Four steps, and the order matters. One of them you cannot undo later: your referral discount can only be added the moment you create your account.
If you would rather have the whole thing in one sitting, the first trade walkthrough runs from signup to a filled order, and deposits and withdrawals covers getting money back out again.
Get 10% off fomo feesWork out what fomo actually is before you download it
fomo is a mobile app for buying crypto with a card or Apple Pay, with a social feed layered on top. Start with What Is fomo? for the full picture of the company and the app.
Understand the fee before you fund your account
The 0.50% headline hides a $0.95 minimum on small Solana orders, so a $10 trade costs 95 cents rather than 5 cents. fomo Fees Explained works out the real math with every number sourced.
Know what "non-custodial" means once you export a key
fomo's wallet is genuinely non-custodial while your funds sit in the app -- that changes the moment you export your key. Is fomo Safe? covers custody, key export, and real fake fomo sites to avoid.
Sign up through a referral link, then make your first trade
A referral code can only be added at signup and gives a permanent 10% fee discount. Then work through your first trade.
THE SHORT VERSION
fomo at a glance
| What it is | Mobile social crypto trading app |
|---|---|
| Company | FOMO Labs Inc., founded April 2025 |
| Chains | Solana, Base, BNB Chain, Monad, Ethereum |
| Spot fee | 0.50% standard, 0.05% on majors, $0.95 min on small Solana orders |
| Perps fee | 0.05% on top of Hyperliquid (perps not available to U.S. Persons) |
| Referral discount | 0.45% instead of 0.50%, permanent, added only at signup |
| Custody | Non-custodial, MPC-split keys via Privy, exportable |
| Token | None as of this writing. No confirmed airdrop |
| Mobile | Native iOS and Android apps |
| Funding | ~$94M total, Series B at a $550M valuation (June 2026) |
Fees and product facts were verified against fomo's Terms of Service and help center on 2026-08-08. Where the two documents disagree -- which happens on the fee minimum -- we quote both rather than pick one.
START READING
Popular guides
What Is fomo? The Social Crypto Trading App, Explained
fomo lets you buy crypto with Apple Pay and see what other traders are doing while you do it. What it actually is, who built it, and how it's different from a normal exchange app.
fomo Fees Explained: What 0.50% Actually Costs You
fomo's real fee schedule, worked out in dollars: the 0.50% headline, the $0.95 minimum on small Solana trades, the 0.05% rate on majors, and what perps actually cost.
fomo vs Moonshot (2026): Which Mobile Trading App Is Actually Cheaper?
fomo and Moonshot both let you buy crypto with Apple Pay from your phone. A side-by-side on real fees, chains, and the social features, with every number sourced.
How to Trade on fomo: A Complete Beginner's Guide
Step by step: download fomo, set up your wallet, fund your account, and make your first trade. Written for someone who has never bought crypto before.
fomo Perps: How They Actually Work (Hint: fomo Doesn’t Run Them)
fomo's perpetual futures are Hyperliquid trades routed through a builder code, not fomo's own exchange. What that means for your fees.
Is fomo Safe? Wallet Security, Custody, and Real Fake-Site Warnings
How fomo's non-custodial wallet actually works, what happens when you export your key, and documented fake fomo sites you should know about.
fomo Referral Code: What You Actually Get
fomo's real referral program: a permanent 10% fee discount for you, 25% of your fees for whoever referred you. What the fake '50% off for life' posts are getting wrong.
Is There a fomo Token or Airdrop? Here’s What’s Actually True
No, fomo has not launched a token. There's no confirmed airdrop, no points program, and no official denial either.
LIVE DATA
Market pages for the assets fomo trades
fomo spans five chains, from Solana memecoins to majors on Base, BNB Chain, Monad and Ethereum. Our markets section tracks prices for the assets you'll be trading, with a chart on every page.
Browse Markets →HONEST CAVEATS
Who fomo is not for
We make money when people sign up, so it is worth being blunt about who should not. These are the things we would want to know before creating an account.
- ⚠You trade in small amounts on Solana. The $0.95 minimum fee on orders under 200 USDC turns a $10 trade into a 9.5% cost, which compounds fast if you trade often in small sizes. Read the full fee breakdown before you decide how you'll size trades.
- ⚠You want the cheapest way to trade perps. fomo's perps route to Hyperliquid through a builder code that roughly doubles the cost versus trading Hyperliquid directly. You're paying for the convenience of one app, not for the lowest fee.
- ⚠You're a US-based trader who wants perps. They're not available to U.S. Persons, per fomo's own terms of service. Spot trading is unaffected.
- ⚠You don't want a social feed influencing what you trade. Seeing other traders' positions in real time is fomo's core feature, not an opt-in extra. If that sounds like more noise than signal to you, a plain buy/sell app may suit you better.
- ⚠You're looking for automated copy trading. fomo's marketing references it, but it isn't documented as a live feature in the help center. See our social feed guide for what the feed actually does today.
Worth weighing against all that: onboarding is genuinely the easiest in this category, the referral discount is real and documented, and the wallet's non-custodial model is solid while your funds stay in the app. Also read our full security breakdown for what changes the moment you export a key.
Get 10% Off fomo Fees, Permanently
Sign up through our link and your trading fee drops from 0.50% to 0.45% automatically, on every trade. The discount can only be added at signup.
Get 10% off fomo feesJUST ADDED
Recently Published
How to Trade on fomo: A Complete Beginner's Guide
Step by step: download fomo, set up your wallet, fund your account, and make your first trade. Written for someone who has never bought crypto before.
fomo Wallet: How to Deposit, Withdraw, and Fund Your Account
Every way to add money to fomo, how withdrawals work, and what non-custodial actually means for your funds. Plain-language walkthrough with sources.
Buying Crypto on fomo With Apple Pay or a Debit Card
How fomo's card and Apple Pay onboarding actually works, what it costs compared to a bank transfer, and what to check before your first purchase.
fomo Perps: How They Actually Work (Hint: fomo Doesn't Run Them)
fomo's perpetual futures are Hyperliquid trades routed through a builder code, not fomo's own exchange. What that means for your fees, your funds, and who's actually on the other side of your trade.
ONE DECISION YOU CANNOT REDO
Lock in your discount before you sign up
A referral code can only be added the moment you create your account -- there's no way to add one afterward. Ours takes your rate from 0.50% to 0.45%, permanently, on every trade.