Funding
Fomo Deposits & Withdrawals
Funding and cashing out are standard crypto transfers. The risk is not complexity — it is the two or three details that are unforgiving if you get them wrong. This page covers both directions in one place.
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To deposit into Fomo, open the deposit screen, select the asset and network, and send funds from your wallet or exchange to the address shown, using that exact network. To withdraw, close the positions you want to exit, paste your external wallet address for a supported network, confirm the amount and network, and submit. Both directions settle once the blockchain confirms the transfer, and neither can be reversed.
Key facts
- Primary funding method
- Crypto transfer
- Common asset
- USDC and other stablecoins
- Fiat on-ramp
- Not verified — varies by region
- Withdrawal destination
- External wallet you control
- Network fee
- Charged by the blockchain, both ways
- Reversible
- No — on-chain transfers are final
- Last updated
- 2026-08-21
How to deposit into Fomo
A deposit is you sending crypto from a wallet or exchange you already control to an address Fomo displays for your account. Nothing about it is unusual, but two details decide whether it works: the network you send on, and the address you paste.
- 1
Open the deposit screen
In the Fomo app or web app, go to your wallet or balance section and choose deposit.
- 2
Select the asset
Pick the token you intend to send. Stablecoins such as USDC are the usual choice for a trading balance.
- 3
Select the network
This is the step that matters. The same token exists on several chains, and the address is only valid on the chain shown.
- 4
Copy the address
Copy it from the app rather than typing it. Then compare the first and last six characters after pasting.
- 5
Send a small test first
For a first deposit, send a small amount, confirm it arrives, then send the rest. The extra network fee is cheap insurance.
- 6
Wait for confirmations
The transaction must be confirmed on-chain before the balance is usable. Timing depends on the network.
Funding methods
Crypto transfers (including stablecoins such as USDC) are the documented funding route. Fiat on-ramp availability depends on region and is not confirmed here.
| Item | Detail |
|---|---|
| Crypto transfer | Documented routeSend to the deposit address on the displayed network. |
| Stablecoin (e.g. USDC) | Commonly usedConfirm which chain your Fomo deposit screen expects. |
| Card payment | Not verifiedAvailability depends on region and provider. |
| Bank transfer | Not verified |
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How to withdraw from Fomo
Moving funds off a trading platform is the step people rehearse least and regret most. Do it once with a small amount before you need to do it with a meaningful one.
- 1
Decide what you are exiting
Withdrawing does not close positions for you. Close what you intend to close first, then withdraw the resulting balance.
- 2
Prepare the destination wallet
Have the receiving wallet open and confirm it supports the asset and the network you plan to use.
- 3
Paste, then verify the address
Copy from the wallet, paste into Fomo, then compare the first and last characters. Clipboard-swapping malware is a real and boring way to lose money.
- 4
Select the correct network
The receiving wallet must be on the same chain. An address format that looks familiar is not proof of chain compatibility.
- 5
Send a small test withdrawal
For a first withdrawal to a new address, send a small amount first and confirm arrival.
- 6
Submit and track
Once confirmed on-chain, the transfer cannot be reversed. Keep the transaction reference if support is ever needed.
What deposits and withdrawals cost
| Item | Detail |
|---|---|
| Blockchain network fee | Always appliesVaries with the chain and congestion. Charged by the network, not Fomo. |
| Sending exchange fee | VariesIf you fund from an exchange, their withdrawal fee applies. |
| Fomo withdrawal fee | Not verifiedNot clearly documented publicly at the time of writing. |
| Receiving wallet fee | Usually noneSelf-custody wallets do not normally charge to receive. |
| Referral discount applies? | NoThe referral discount covers eligible Fomo fees only, never network or third-party costs. |
Trading fees are separate again and are explained on our Fomo fees page. If you are unsure which chain to use, check supported chains first, and read our safety assessment before committing a large balance.
If a withdrawal is delayed
Fomo deposit and withdrawal questions
Open the deposit screen in the app, choose the asset and network, copy the deposit address, and send the funds from your wallet or exchange on that exact network. The balance appears after network confirmations.
USDC is a widely supported stablecoin and a common way to fund a trading balance. Always confirm the network shown on your Fomo deposit screen before sending, because USDC exists on many chains.
Funds sent on an unsupported network are often unrecoverable. There is no reliable way to reverse a blockchain transaction, so verify the network before you send anything.
It depends on the blockchain, not on Fomo. Most transfers settle within minutes once the required confirmations are reached; congested networks take longer.
Close or keep the positions you want, open the withdrawal screen, paste the destination address for a supported network, confirm the amount and network, and submit. The transfer settles on-chain.
Blockchain network fees always apply. Whether Fomo adds a separate withdrawal charge is not clearly documented publicly, so we mark it as not verified rather than state a figure.
Processing plus network confirmation time. Most on-chain transfers settle within minutes, though platform review steps or congested networks can add delay.
Common reasons are pending confirmations, an internal review step, or an incomplete verification requirement on the account. Check the transaction hash if one is provided before assuming something is wrong.
No. The referral discount applies to eligible Fomo fees only. Blockchain network fees, third-party protocol costs and payment-provider charges are never discounted.
Sources
- Fomo — official website and Terms — Fomo Labs Inc.
We prioritize primary sources published by Fomo Labs Inc. at fomo.family. Where a detail is not documented publicly, we mark it as not verified instead of guessing.