Start using fomo safely

Step 1: Know what fomo is, and the odds

The fomo app lets you buy and sell crypto tokens, including many small new meme coins, across eight blockchains from one cash balance, and see other traders' trades in a social feed. The company behind it, FOMO Labs Inc., is real and well funded. The tokens are the risk: most small tokens lose most of their value, and a trade on a blockchain cannot be reversed.

Fact fomo announced $94M across three funding rounds, the last a $75M Series B led by Index Ventures (22 June 2026). Its terms say it is not a registered broker-dealer (§18).

Is fomo legit? →What is fomo →

Step 2: Check you are allowed to use it

You must be 18 or older and of legal age where you live. fomo is not offered in Crimea, Donetsk, Luhansk, Cuba, the Democratic Republic of Congo, Syria, Iran, Libya, Myanmar, North Korea, Sudan, Venezuela or Yemen. In the US you can trade tokens, but perps (leveraged futures) are closed to U.S. Persons, including US citizens abroad, and tokenized stocks are blocked. The terms forbid using a VPN to get around any of this.

Fact fomo Terms of Service, 26 October 2026: preamble (restricted places), §1 (age), §10 (perps), §11 (tokenized assets).

Is fomo available in the US? →Does it need ID? →

Step 3: Get the real app, and lock it down

Install "fomo - never miss out" (App Store) or "fomo" (Google Play) from FOMO Labs Inc., or use fomo.family in a browser. Sign in with Apple or Google and remember which account: a different one creates a new, empty account. There is no seed phrase. Then turn on multi-factor authentication (Settings, Security), which adds a check before every withdrawal, send and key export.

Fact fomo creates two non-custodial wallets at sign-up, run on Privy. It says "No one at fomo can move, hold, or touch your tokens", and that it will never ask for your private key.

Official links →Wallet and keys →The apps →

Step 4: Add a small amount

In the mobile app tap Deposit and use what your account offers: Apple Pay to cash (from 5 dollars), a bank-issued debit card, a US bank (some accounts), or USDC sent from another wallet or exchange. On the web you can only send USDC. If you send crypto, send USDC on the exact network you pick in the app; the wrong token or network does not land as cash.

Fact fomo adds no fee of its own to Apple Pay deposits; the payment provider's fee shows at checkout. Prepaid, virtual and Apple Cash cards are declined.

How to deposit →

Step 5: Make a small first trade, knowing the real cost

Search the token by its contract address rather than its name, read any warning label, and check its liquidity. fomo charges 0.50% per trade on standard tokens and 0.05% on select majors, but small Solana trades have minimums: a $25 buy costs $0.50 (2%) on the cheapest route and $0.95 (3.80%) on the others, against $2.50 on $500. You pay again when you sell. A referral code only lowers the 0.50% rate, to 0.45%.

Fact Computed from fomo's published schedule (help centre, read 2026-11-10). Measured from public data, traders paid fomo 0.60% of spot volume on average in October 2026.

Fee calculator →What traders actually paid →What a code does →

Open fomo → Our referral link: 0.45% trading fee instead of 0.50% on standard-rate trades.

Step 6: Know the way back out

Sell to your cash balance, then Withdraw: to a US bank in the mobile app (minimum 3 dollars, 1 to 3 business days on Standard, after a one-time ID check by Spritz), or as USDC to a wallet or exchange on a matching network from anywhere. Never withdraw to a PayPal, Venmo or Robinhood crypto address; fomo says those funds are lost. fomo has no CSV or PDF export, so keep your own records for tax.

Fact Positions under 2 USDC (5 USDC on Ethereum) cannot be sold in the app. Perps money must be moved back to your token cash balance before it can be withdrawn.

How to withdraw →Taxes and history →