# 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.

*Source: https://fomoappguide.com/compare/fomo-vs-moonshot*

**fomo vs Moonshot**

fomo and Moonshot solve the same basic problem the same basic way: buy crypto from your phone with a card or Apple Pay, no exchange account required. They get compared constantly because they're each other's closest competitor on that exact pitch. Here's what actually differs, with every fee number pulled from each app's own published terms.

![fomo's social trading feed showing recent trades from followed traders](/images/compare/fomo-vs-moonshot/fomo-app-feed.webp)

*Source: fomo — official product image*

> **Key takeaway:** Moonshot is the simpler, cheaper app for small trades under about $40. fomo is cheaper above that, and it adds a social feed, perpetual futures, and five chains instead of two. Neither app publishes a number that's flattering once you actually run it.

## The Numbers

| | fomo | Moonshot |
|---|---|---|
| Spot fee | 0.50% (0.05% on select major tokens), **$0.95 minimum on Solana orders under 200 USDC** | 2.5% under $100, 1% over $100, ~$0.99 minimum |
| Chains | Solana, Base, BNB Chain, Monad, Ethereum | Solana, Base |
| Referral discount | 10% off, permanent (0.50% → 0.45%) | Not documented |
| Social feed | Yes — follow traders, see their trades live | No |
| Perpetual futures | Yes, via Hyperliquid | Via Jupiter Perps integration |
| Funding | Card, Apple Pay, USDC | Card, Apple Pay, bank |
| Wallet | Non-custodial, MPC key-splitting via Privy | Non-custodial, MPC via Turnkey |
| Ownership | Independent, $94M raised | Majority-owned by Jupiter Exchange since Jan 2025 |

Sources: fomo fees from [help.fomo.family](https://help.fomo.family/en/articles/14436214-trading-fees-on-fomo); Moonshot fees from [support.moonshot.com](https://support.moonshot.com/trade/fees). Both checked 2026-08-08.

## Where the fee actually crosses over

fomo's headline fee (0.50%) looks worse than Moonshot's on paper only if you ignore Moonshot's minimum. Run the real math:

| Trade size | fomo fee | Moonshot fee |
|---|---|---|
| $10 | $0.95 (9.5%) | $0.99 (9.9%) |
| $25 | $0.95 (3.8%) | $0.99 (4.0%) |
| $50 | $0.95 (1.9%) | $1.25 (2.5%) |
| $100 | $0.95 (0.95%) | $1.00 (1.0%) |
| $500 | $2.50 (0.50%) | $5.00 (1.0%) |

Both apps punish small trades hard through their minimums — that's the real story neither one puts in its marketing. Above roughly $190, fomo's percentage fee takes over from its floor and the gap widens in fomo's favor, since fomo drops to 0.50% flat while Moonshot's better tier still charges 1%.

> **Tip:** Trade less often, in bigger amounts. A single $200 trade on fomo costs $1.00; ten separate $20 trades cost $9.50 in minimums alone for the exact same total exposure.

## Where fomo Wins

**The social feed.** This is fomo's actual product, not a bolt-on. Seeing what other traders are buying in real time is the reason people compare the two apps at all — Moonshot doesn't have an equivalent.

**More chains.** Five versus two. If you want exposure to BNB Chain, Monad, or Ethereum tokens from the same app, fomo covers it and Moonshot doesn't.

**Cheaper above ~$190 a trade.** Once you're trading real position sizes rather than $20 test buys, fomo's 0.50% flat rate beats Moonshot's 1% tier every time.

**A real, verified referral discount.** fomo documents a permanent 10% fee cut for referred users. Moonshot doesn't publish an equivalent.

## Where Moonshot Wins

**Ownership stability.** Jupiter Exchange, one of the largest and most established names in Solana DeFi, holds a majority stake. That's a different risk profile than an independent company still raising venture rounds.

**Simplicity.** No feed, no follow mechanic — just buy and sell. For someone who specifically doesn't want a social layer, that's a feature, not a gap.

**Marginally better on the smallest trades.** At $10-$25, the two are close enough not to matter, but Moonshot's percentage-based fee (rather than a flat floor plus percentage) is slightly more forgiving as trade size approaches its minimum from below.

## The bigger picture: neither is the cheap option

Compared to a desktop terminal like Axiom (0.95% net at its base tier, dropping with volume) or a dedicated perp exchange like Hyperliquid (0.045% taker), both fomo and Moonshot charge a real premium for the convenience of a phone app and Apple Pay onboarding. That's not a criticism unique to either one — it's the cost structure of the whole mobile-first category. See our [full fee breakdown](/guides/fees) for how fomo's numbers compare against the wider field.

**Trade on fomo** — Sign up through our link and the 10% referral fee discount applies automatically, permanently. [Get the fomo app](https://fomo.family/r/Concept211)

Also see: [fomo Fees Explained](/guides/fees) for the complete schedule, and our sister site [HyperliquidGuide](https://hyperliquidguide.com) for what fomo's perps actually cost once you go past the builder fee.