How Much Money Do You Need to Start on Fomo?

You can open a Fomo account with nothing in it, and signing up is free. The real floor comes from the deposit method you pick: $5 for an Apple Pay top-up, no minimum for USDC sent on Solana, and 0.50 USDC on most other networks. Once money is in, the smallest amount you can sell back is 2 USDC, or 5 USDC on Ethereum.

So you could start with five dollars. Whether you should is a different question, because on small trades the fee takes a bigger bite. The numbers below come from Fomo's help center as of November 2026. The screen in your app always has the final word.

Minimum deposit for each method

A crypto deposit under the network minimum isn't lost. It waits at your deposit address until another deposit on the same network pushes the total over the line. Reopening the app doesn't change that. Ethereum is the one to watch: its minimum is the highest and it moves with gas prices, so clear it by a comfortable margin rather than landing right on it.

Fomo adds no fee of its own to an Apple Pay top-up. The payment provider charges one, shown at checkout before you pay, so $20 on your bank statement lands as a little less than 20 USDC. A USDC send costs you only the network fee on the chain you send from, which on Solana is a fraction of a cent.

What is the smallest trade on Fomo?

Fomo doesn't publish one minimum buy for every chain. Each chain has its own floor, and the app tells you when an amount is too small. On the web, Quick buy accepts anything from $2 to $5,000.

The rule that matters more is on the way out. The minimum sell is 2 USDC on most networks and 5 USDC on Ethereum. If a coin you hold drops below that, you can't sell it in the app. Holdings worth under $2 also disappear from your list by default, filed as dust. Buy a $3 position, watch it fall 40%, and you're left with something you can see only by tapping Show hidden.

That is why a first buy of $10 to $20 makes more sense than $3. It leaves room to sell after a bad day.

How much do fees take from a small trade?

On Solana, where most memecoins trade, Fomo pays the network costs and charges by trade size on its lowest-fee route:

• Under 5 USDC: 0.10 USDC
• 5 to 47.50 USDC: 2%
• 47.50 to 190 USDC: a flat 0.95 USDC
• 190 USDC and up: 0.50%

The route changes from trade to trade, and the other routes cost 0.50% with a 0.95 USDC minimum. On Base, BNB Chain, Monad, Robinhood Chain, Ethereum and Arc the fee is 0.50% plus the network fee, which you pay.

Here is what a full round trip costs on Solana's lowest-fee route if you buy and then sell at the same price:

A $10 trade has to rise about 4% before you break even. At $100 the hurdle is under 2%. Memecoins often move that much in minutes, so small trades still work for learning, but you should know what you're paying for each one.

A referral code knocks the 0.50% rate down to 0.45%. It doesn't change the fixed amounts on small Solana trades or the 0.05% rate on major tokens, and it has to be added before your first trade. Our page on the Fomo referral code shows where to enter referral code GEMQUEENX.

Watch the network fee outside Solana

On Ethereum, a $10 buy can lose a large share of its value to gas. When the network fee is a big part of a trade, the app shows a High network fee sheet and asks you to tick I understand. Take that as a signal to trade a bigger size, or the same token on a cheaper chain if it has one.

Other minimums you'll meet in the first weeks

• Sending to another Fomo user: from $1.
• Withdrawing to a bank (US): $3 minimum.
• Withdrawing to a crypto wallet: each network has a minimum, and the app says Amount too low with the figure if yours is under it.
• Perps: at least 5 USDC to move into the perps balance, at least 2 USDC to move back out, and positions of at least 15 USDC in size. Opening the perps account carries a 1 USDC fee at the protocol level, and Fomo pays it for you.

So how much should you start with?

Start with an amount you could lose without it bothering you, because memecoins can and do go to zero. Inside that limit, a practical first deposit is $20 to $50. That covers two or three buys of $10 to $20, leaves every position above the 2 USDC sell minimum after a bad move, and keeps the fee lesson cheap.

If you already hold USDC on an exchange, send it on Solana: no minimum, no Fomo fee and the cheapest network fee. If you have no crypto, an Apple Pay or debit top-up of $20 on your phone is the fastest route. The deposit guide compares every method side by side.

Common questions

Is there a monthly fee or an account fee?

No. Fomo earns from the trading fee on each trade. Holding cash or tokens in your account costs nothing.

Can I start with $1?

Through USDC on Solana you can deposit $1, and a 1 USDC buy costs a 0.10 USDC fee. You couldn't sell it again, though, because it sits under the 2 USDC sell minimum. Treat $5 to $10 as the useful floor.

Why did my deposit arrive smaller than I paid?

The payment provider takes its fee from the charge. The checkout screen shows it before you confirm.

My $0.40 USDC deposit never showed up. Is it gone?

No. On Base, BNB Chain, Monad and Robinhood Chain the minimum is 0.50, so it waits at your address. Send a little more on the same network and both amounts credit together.

Next, learn how the Fomo cash balance works and how to buy your first token.