Your First Hour on fomo

Do I need a crypto wallet before I sign up?

No. fomo signs you in with an email address or a social login, Apple or Google. There is no separate registration form and nothing to write down before you start. When the account is created, a wallet is created with it through Privy, the third-party key infrastructure named in fomo's terms, and it is secured by your login rather than a twelve-word phrase. fomo's help center says the private key is split into shares, with no single party, fomo included, holding enough of them to rebuild it. That description holds until you choose to export the key. What the terms say changes at that point is in Is fomo Safe?.

How much does a small first trade actually cost?

This is the single most useful thing on the page. Per fomo's trading fees article, checked 2026-08-20, Solana orders are priced in four bands by size: a flat 0.10 USDC under 5 USDC, 2% from 5 to 47.50 USDC, a flat 0.95 USDC from 47.50 to 190 USDC, then 0.50%. A $10 test buy costs $0.20, an effective 2%, four times the advertised 0.50% headline. It is not a hidden charge. It is written down in fomo's own documentation. It just does not surface until you run a small trade and read the fee line. Those bands are what fomo calls its lowest-fee route. When a trade goes through one of its other routes, the fee is 0.50% with a 0.95 USDC minimum, so the same $10 buy pays $0.95 by our arithmetic (help center, checked 2026-11-01). See fomo Fees Explained for the full schedule and every scenario worked out.

Can I pay with Apple Pay or a debit card?

Yes, and that is the clearest thing fomo has over a traditional exchange: you can fund the account by paying with Apple Pay or a debit card, handled by third-party payment processors, without opening a separate account or waiting on a bank transfer. You can also transfer in crypto you already hold. On costs, fomo's trading fees article, checked 2026-09-25, says fomo covers the network gas, priority fees and token rent on Solana, so you don't pay them separately there. On Base, BNB Chain, Monad, Robinhood Chain and Ethereum (plus Arc, listed by 2026-11-01, and Elysium, listed by 2026-11-11) you pay network fees on top of fomo's 0.50% fee, and the app shows them in your quote before you confirm. Full walkthrough in buying with Apple Pay or a card, and what to do if a payment or deposit is declined goes through the five reasons fomo documents for a card that will not go through.

Can I move my crypto out of fomo later?

Yes. If you want to move funds to a different wallet, you can export the private key. fomo's Terms of Service describe what happens when you do: the key is “transmitted to you unencrypted by Privy,” the third-party service provider, and fomo is “not responsible for the security or safety of your digital assets” from that point. So two arrangements sit either side of that button. Before it, shares nobody holds in full, per the help center. After it, a plain key that is yours to protect. Full detail in deposits and withdrawals.

What to read next

Once your first trade has settled, the useful next stop is the trading hub, which covers the social feed and how a perp opened in fomo routes to Hyperliquid. If you want to understand the bill before you scale up, the fees hub breaks down exactly what a trade costs by size. And if you're still deciding whether to use fomo at all, fomo vs Moonshot is honest about where each one loses.