Fomo vs Phantom: the trading app or the wallet
Fomo or Phantom? They do different jobs, and plenty of people keep both. Phantom is a wallet: it holds your coins and NFTs, connects to apps and swaps tokens at 0.85%. Fomo is a trading app: it pays the Solana gas, charges 0.50% from $190 and shows what the traders you follow are buying, on eight chains from one balance. For memecoin trading Fomo is the better pick. Below are the fees at five trade sizes, the wallet differences, which to use for what, and how to move money from Phantom to Fomo.
- Phantom's fee from its own site
- Fees earned from DefiLlama
- Checked November 2026
GEMQUEENX
10% off fees
Fomo
Phantom
| Row | Fomo | Phantom |
|---|---|---|
| $1,000 Solana buy | $5.00gas paid | $8.50plus gas |
| $40 Solana buy | $0.80 | $0.34plus gas |
| BTC, ETH, SOL | 0.05% | 0.85% |
| Trader feed | Yes | No |
| Connects to apps | No | Yes |
| NFTs and staking | No | Yes |
| Seed phrase | None | Recovery phrase or seedless |
Better on that row. Phantom at its flat 0.85% swap fee.
Fomo vs Phantom: key facts
- What each isPhantom is a multichain wallet with swaps built in. Fomo is a social trading app with a wallet built in.
- CheaperFomo on Solana trades over about $112 and on BTC, ETH and SOL. Phantom on smaller Solana trades.
- GasFomo pays the Solana network fee. In Phantom you pay it from your SOL.
- Following tradersFomo shows named traders, their entries and their reasons. Phantom has no trader feed.
- As a walletPhantom connects to apps and holds NFTs. Fomo does neither.
- TogetherA Fomo key can be exported and imported into Phantom, so one wallet can live in both.
Why Phantom users trade on Fomo
You can keep Phantom as your wallet and move only the trading.
A lower fee on bigger trades
0.50% from $190 against 0.85%, with the Solana gas and token rent paid. A $1,000 buy costs $5.00 on Fomo and $8.50 in Phantom, or $4.50 with referral code GEMQUEENX.
You see who is buying
Phantom shows you a token. Fomo shows you the traders you follow who hold it, what they paid and why, and pushes an alert when one of them buys. One tap copies the trade at your size.
Majors at 0.05%
BTC, ETH and SOL cost 0.05% in Fomo's Crypto tab. The same swap in Phantom is 0.85%, seventeen times as much.
Dollars in, no SOL to keep
You fund Fomo with Apple Pay, Google Pay or a card and trade eight chains from one USD balance. There is no gas coin to top up and no seed phrase to store.
What Phantom does not have: the trade feed
This is Fomo's own clip. A trader buys, the reason sits under the trade, and you copy it at your own size in one tap.
In a wallet you decide alone, from a chart. On Fomo you see what people with a public record did with their own money first. The Fomo copy trading page has the steps and the risks.
Is Fomo cheaper than Phantom?
On bigger trades, yes. Phantom's in-wallet swap takes a flat 0.85% whatever the size, and the Solana network fee comes out of your SOL. Fomo charges 0.50% from $190 and pays the network fee, with flat bands on smaller Solana orders: 10 cents below $5, 2% up to $47.50, then 95 cents up to $190.
| Solana buy | Fomo | Fomo + GEMQUEENX | Phantom | Cheaper |
|---|---|---|---|---|
| $10 | $0.20 | $0.20 | $0.09 | Phantom |
| $40 | $0.80 | $0.80 | $0.34 | Phantom |
| $100 | $0.95 | $0.95 | $0.85 | Phantom |
| $250 | $1.25 | $1.13 | $2.13 | Fomo |
| $1,000 | $5.00 | $4.50 | $8.50 | Fomo |
The lines cross at about $112. Below that Phantom is cheaper. Above it, and on BTC, ETH and SOL at 0.05%, Fomo is. Phantom's figures leave out the network fee, which is small on Solana. Every Fomo fee is on the Fomo app fees page.
Is Fomo better than Phantom?
For trading memecoins, yes for most people. Fomo pays the Solana gas, charges 0.50% from $190 against Phantom's 0.85%, sells BTC, ETH and SOL at 0.05% and shows what the traders you follow are buying. Phantom is the better everyday wallet: it connects to apps, holds NFTs and stakes SOL.
How to move from Phantom to Fomo
The move takes five minutes, and your Phantom wallet stays as it is.
Sign up with referral code GEMQUEENX 10% off
Install the Fomo iPhone app or the Fomo Android app, or open fomo.family, and enter
GEMQUEENXbefore your first trade.Copy your Fomo Solana address 1 min
Portfolio tab, the gear, Profile and Account. The first row is your Solana address.
Send from Phantom Safety
In Phantom, send USDC or SOL to that address. Send a small test amount first, then the rest. USDC arrives as cash you can trade on all eight chains.
Follow a few traders and buy
Turn on alerts for the traders whose calls you like and take your first trade. Fomo pays the Solana gas.
How to use your Fomo wallet in Phantom
Fomo does not connect to Phantom the way a site does, but the wallet is yours, so you can open it in Phantom too. In Fomo go to the Portfolio tab, the gear, Profile and Account, then Export keys. You get one private key for Solana and one for the EVM chains. In Phantom choose Add account, then Import private key, and paste it.
A private key gives full control of the wallet. Paste it only into the Phantom app you installed from the official store, never into a site, a form or a chat. The Fomo wallet page walks through the export.
Fomo vs Phantom at a glance
| Fomo | Phantom | |
|---|---|---|
| What it is | Social trading app with a wallet inside | Multichain wallet with swaps, perps and prediction markets |
| Spot fee | 0.50% from $190 on Solana, bands below; 0.45% with referral code GEMQUEENX | 0.85% per swap |
| Solana network fee | Paid by Fomo | You pay it |
| BTC, ETH, SOL | 0.05% | 0.85% |
| Chains | 8 from one USD balance | Solana, Ethereum, Base and more, each with its own gas coin |
| Perps | Hyperliquid and trade.xyz: crypto, US stocks, indices, commodities, pre-IPO | Hyperliquid: 200+ markets, up to 40x |
| Following traders | Feed of named traders, push alerts, one-tap copy | No trader feed |
| Connect to apps, NFTs, staking | No | Yes |
| Wallet | Self-custodial, no seed phrase, key export | Self-custodial, recovery phrase or seedless login |
| Money in | Apple Pay, Google Pay, cards, USDC or SOL | Card purchases through partners, crypto transfers |
| App Store | 4.8 from about 27,000 ratings | 4.8 from about 64,000 ratings |
| Fees earned, 30 days | $8.2M | $4.2M on swaps |
Fees earned are DefiLlama's count for the 30 days to November 9, 2026. Phantom has far more users, so the gap comes from how much Fomo's users trade.
When Phantom is the better pick
If you need a wallet for everything, keep Phantom. It connects to DeFi apps and NFT marketplaces, stakes SOL, shows your collectibles and has prediction markets, none of which Fomo does. It is also cheaper on Solana trades under about $112. Fomo is the app you open to trade; Phantom is the wallet you open for the rest.
Fomo vs Phantom questions
Is Fomo better than Phantom?
For trading memecoins, yes for most people: Fomo pays the Solana gas, charges 0.50% from $190 against Phantom's 0.85%, sells BTC, ETH and SOL at 0.05% and shows what the traders you follow are buying. Phantom is the better pick as an everyday wallet: it connects to apps, holds NFTs and stakes SOL, which Fomo does not do.
Is Fomo cheaper than Phantom?
On Solana trades above about $112, and on BTC, ETH and SOL. Phantom takes a flat 0.85% of every swap plus the network fee. Fomo takes 0.50% from $190 with the gas paid, but charges 2% or a flat 95 cents on smaller Solana orders, so Phantom is cheaper below about $112.
Can I connect my Fomo wallet to Phantom?
Not as a connection, but you can use the same wallet in both. Export your private key in Fomo under Portfolio, the gear, Profile and Account, Export keys, then choose Import private key in Phantom. Fomo gives you one key for Solana and one for the EVM chains.
How do I move money from Phantom to Fomo?
Copy your Fomo Solana address from Profile and Account, then send USDC or SOL to it from Phantom. Send a small test amount first. USDC lands in your cash balance, ready to trade on all eight chains.
Is Fomo a wallet like Phantom?
Partly. Fomo creates a self-custodial wallet for you, with no seed phrase and a key you can export. But it is built for trading inside the app: it does not connect to other apps or sites, and it has no NFT gallery or staking.
Which has perps, Fomo or Phantom?
Both, on Hyperliquid. Phantom lists more than 200 markets with up to 40x leverage. Fomo adds US stocks, indices, commodities and pre-IPO names through trade.xyz and keeps perps next to your spot trades. Fomo perps are not open to US persons.
Keep Phantom, trade on Fomo
Copy referral code GEMQUEENX, sign up on iPhone, Android or fomo.family, and send USDC or SOL over from Phantom. The discount stays for the life of the account.
GEMQUEENX
10% off fees
