# Fomo: a social app for trading crypto, from your phone

Canonical URL: https://mrkts.gg/markets/fomo
Last updated: Nov 11, 2026, 12:00 PM ET

Fomo is a crypto trading app where you can buy and sell coins on Solana, Base and other chains, and see what other traders are buying. Here's how it works, what it costs, who can use it, and the risks.

## At a glance

- Type: Crypto trading app
- Who it's for: USA + Global
- What you trade: Crypto tokens on Solana, Base, BNB Chain, Ethereum and other chains, by swapping
- Your wallet: Non-custodial: the app makes a wallet for you, and you can export its private keys Source: https://fomo.family/terms
- Fees: 0.50% per trade on most tokens, with a small minimum on Solana; 0.05% on some major tokens Source: https://help.fomo.family/en/articles/14436214-trading-fees-on-fomo

## How it works

1. **Get the app.** Sign up on your phone or the web. The app makes a wallet for you.
2. **Add funds.** Deposit crypto to trade with. Apply the referral before your first trade.
3. **Trade and follow.** Swap into tokens on Solana, Base and other chains, and see what other traders buy.

## Who can use it

Fomo is open in the US and most other countries for crypto trading. Its perpetual futures and stock tokens aren't open to US persons. It doesn't serve the sanctioned places in its terms, such as Cuba, Iran, North Korea and occupied parts of Ukraine.

## Risks

- Memecoins and small tokens can drop to zero in minutes. Only trade what you can afford to lose.
- You hold your own wallet keys. Lost keys or a signed scam transaction can't be undone.
- Following other traders isn't a strategy. They can be wrong, or selling to you.

## Our relationship

mrkts has a referral link with Fomo and may earn a reward if a reader signs up and trades. It doesn't change what we write. Facts above come from Fomo's own pages, checked 2026-11-11.

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