Key takeaway: Fomo simplifies crypto trading with a social-first approach, letting users learn, copy, and profit alongside top traders—all through an easy, beginner-friendly app.
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The crypto market has birthed millionaires and many deep-pocketed individuals. Most of these people had to immerse themselves in understanding the complex crypto trading tools. But what about the average user? Can’t they also profit from the market? Fomo, a crypto trading app, makes this possible. This Fomo app review dissects the details about the project.
Focused on bringing simplicity to the crypto industry, Fomo has attracted thousands of users into its ecosystem through intuitive user-friendliness. The platform brings a social-first approach to crypto, enabling users to maximise their earning potential.
Whether you’re a beginner crypto trader seeking to attain your first six-figure portfolio, an experienced trader seeking solid benefits, or a crypto trader keen on social crypto trading, there’s a spot for you within the Fomo ecosystem.
What is the Fomo app?
The Fomo app is a mobile social crypto trading platform that allows users to buy, sell, hold, and trade cryptocurrencies.
In today’s world of crypto, users need a level of expertise to make the most from their crypto journey. No matter how intuitive a crypto exchange or wallet claims to be, users still need to understand the working principles behind key concepts such as wallet addresses, on-chain transactions, swaps, yield farming, trading, and more.
This makes it difficult for beginners or those with no crypto knowledge to enter the market. Even when they join the crypto market, they only watch others netting profits, whereas the case is not the same for them. As a result, they are often enveloped by the fear of missing out (fomo), a psychological feeling that tends to cause investors to plunge themselves into the market impulsively.
Aiming to make crypto investments as simple as ordering pizza, Fomo boasts one of the most intuitive user interfaces. Instead of users submitting personal credentials or safeguarding 12-seed phrases, they simply connect their Apple or Google accounts to Fomo to create a crypto account. The crypto trading app is available for iOS and Android devices.
The fomo family mobile app is developed by Fomo Labs. Its team members include engineers and crypto experts who have worked with renowned projects like OpenSea, Uniswap, dYdX, and Square.
As a social trading app, Fomo allows users to follow friends and connect, similar to social media platforms. This move helps beginners to gain experience from seasoned traders, thereby reducing the learning curve for novice traders. This way, users can monitor the moves and performances of their friends, and even learn from them for copy trading. The platform’s developers believe this feature will bring the best mobile trading experience to users. Users can also connect their Fomo accounts to social media handles like X, though this feature is optional.
Like the popular self-custodial wallet, Phantom, Fomo has focused on the Solana ecosystem since its 2025 debut. Users can trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). They can also access memecoins, especially those launched on the Solana mainnet.
The Solana community heavily backs Fomo. On February 18, 2025, the social trading app secured $2 million through a pre-seed round with participation from over 140 angel investors. These include Solana’s co-founder Raj Gokal, Jito Labs’ CEO Lucas Bruder, Polygon Labs’ CEO Marc Boiron, Azuki’s founder Zagabond, and Sei’s co-founder Jeffrey Feng.
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Key features of the Fomo app
Here are the top features you’ll find intriguing within the Fomo Family ecosystem:
- Seamless onboarding: Fomo offers a quick and easy sign-up process. Instead of spending time undergoing KYC or safekeeping long seed phrases, users can create a Fomo account within seconds and commence their crypto journey. This is true for Android and iOS users.
- Apple Pay Integration: Users with Apple devices can use their Apple ID to create or log into their account. This way, they can always stay glued to the social trading app regardless of the Apple device they are using at the moment.
- Real-time insights into top traders: You can view the trades top performers are making as they happen. You can also see their bio, portfolio size, trading activity, and more. This transparency helps you learn new strategies. You can also follow them and possibly get a follow-back from them. There is an option where users can send crypto to a trader on the platform.
- Custom copy-trading notifications: Follow traders whose trading strategies you trust and get instant alerts when they trade. You can even set rules, such as minimum trade amounts. After tracking the trading activities of top traders, you can mimic their trades to potentially net massive profits.
- Gasless swaps: Fomo’s fee structure entails that users pay 0.5% of their buy or sell transactions. However, its swap feature is accessible to users, even without paying gas fees. This makes on-chain transactions cheaper.
- Sending tokens directly to other users: Fomo supports direct token transfers. This enables users to send tokens directly to other users in the app, just like sending money from a bank account to a friend.
- Leaderboard to observe who’s performing the best and feed: On the fomo family’s dashboard, there is a section labeled “Leaderboard.” This section displays a rankings board that shows the best performers among traders. It also shows their gains, cash balance, open positions, and closed positions. If you’re a crypto expert, you can climb your way to the top of the leaderboard.
- Referral Program: Fomo has a referral program where users can refer their friends to join the social trading app. Upon joining, the referrer earns 25% of their friends’ trading fees. These friends who use the referral code also receive a 10% discount on fees.
What verified tokens are available on Fomo?
While fomo family is focused on enabling users to never miss out again, it is poised to bring quality to its audience. On the platform is a section labeled “Verified,” which features cryptocurrencies that have met a specific standard. Crypto assets in this section have a purple-colored check mark to distinguish them from unverified tokens.
Only cryptocurrencies that have attained a daily traded volume of over $1 million, a market capitalisation of over $3 million, over 500 unique holders, and have unique metadata qualify to receive a purple mark. The fomo verification committee is responsible for ascertaining whether a crypto token qualifies to rank among verified tokens or not.
Among the crypto assets on the list are:
- SOL
- TROLL
- LIGHT
- JLP
- NOBODY
- RAY
- ETH
- BTC
- USELESS
- PUMP
- JUP
- VINE
- PYTH
- BOOP
- PENGU
- ME
- PONKE
- DOOD
- Ghibli
What are graduated tokens displayed on the home page?
As the name implies, graduated tokens displayed on Fomo are digital assets that were recently created from a token launchpad, such as Pump.fun. They are also called unverified tokens. These newly created tokens are highly volatile and risky for users seeking to invest in them. Only when these tokens attain significant market metrics will the Fomo team decide whether to remove them from the list of graduated tokens. Due to these digital assets’ severe volatility, users are urged to be cautious when trading them.
Fomo App Fees Explained
Fomo users pay a flat fee of 0.5% on every buy and sell transaction. The fomo social trading crypto app implements a minimum fee of $0.95, which helps to cover network fees, administrative fees, and blockchain fees. These fees also include what the platform calls the “token rent,” which is a one-time payment made whenever a user buys a crypto asset for the first time. Since Fomo’s minimum fee is $0.95, its minimum transaction size is $2.
How to start trading on the Fomo app?
- Download the Fomo app on your iOS or Android device.
- Create an account within seconds using your Apple ID or Google account.
- Tap the “Deposit” option to top up your account. Available payment options include using debit cards or sending crypto like USDC from an existing Solana wallet.
- Once you receive the funds in your fomo account, search for the crypto asset you intend to purchase.
- Input the amount of that cryptocurrency that you wish to buy.
- Confirm the details and execute the transaction.
- Check your balance to see your newly purchased crypto.
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FAQs
What is the Fomo app best for?
Fomo is best for social crypto trading. Instead of trading alone, you can see what top traders are doing in real time, follow their strategies, and even copy their moves. This makes it useful for people who want to learn by watching experts, or for beginners who don’t want to feel lost when making trading decisions.
How user-friendly is the Fomo app?
Fomo boasts one of the most intuitive user interfaces. With the platform’s masterful mixing of crypto and social media, it has a modern, clean, and easy-to-navigate interface. Even if you’re new to crypto, the design makes it less intimidating. You can quickly find leaderboards, insights, and notifications without getting confused.
Is Fomo crypto app legit?
Fomo is generally known to be a legit social trading app. Created by those who have worked with big names in crypto and tech, fomo has raised funds from well-known investors, which adds to its credibility. However, like with any trading app, it’s important to research and understand the risks before investing money.
How can I reach out to Fomo customer support?
The fomo social trading app provides customer support mainly through email. Some users say replies can be slow, so it may take time to receive a response. Because of this, it’s a good idea to double-check information in their app guides or FAQs before contacting support.
Do I need to link my X account?
No, you don’t need to connect your X (formerly Twitter) account to use Fomo. The app focuses on its own in-app community features and does not require linking to outside accounts to function properly.
Conclusion
The crypto market can be quite complex for newbies to navigate. Fomo blurs the barriers through its intuitive interface and seamless onboarding process. This fomo app review showed how the platform brings a social-first approach to crypto. This way, users can learn from experts and even climb their way to the top of the leaderboard. These features have made fomo a go-to mobile trading app for many in the crypto community. Still, like every crypto trading platform, users need to perform due diligence before investing in the mobile app.
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