Is Fomo app custodial? Who holds your funds?
Partly. fomo uses an embedded wallet: a wallet provider secures the keys inside the app, and you can export them to take full control.
Checked 2026-10-17 · 1 source- Wallets are generated and managed by Privy. Users can view and export private keys. fomo's terms call the wallet non-custodial.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
Sources: fomo Terms of Use (FOMO Labs, Inc.). The venue's own page wins if it disagrees with ours.
fomo
Trading terminal · 1% round trip. fomo is a social, multichain crypto trading app from FOMO Labs, Inc. on iOS, Android and web. It offers gasless memecoin swaps, a trader feed and leaderboards, and Hyperliquid perps outside the US.
Full fomo sheet: fees, custody, incidents →