fomo family Fomo does not ask for identity documents to open a wallet or trade spot tokens: sign-up is an email address or an Apple ID and a wallet is generated for you. Three exceptions matter. The terms reserve the right to require KYC as a condition of accessing perpetual futures. Card and Apple Pay deposits are handled by a regulated payment partner that runs its own checks, so a first purchase can trigger a document request even though Fomo itself did not ask. And residents, citizens or companies of twelve named jurisdictions are excluded outright. You must be eighteen. And if you are in the United States, you get spot trading only.
- Sign-up
- Email or Apple ID; no documents for spot trading
- Perps
- KYC may be required (Terms, section on Perps); closed to US persons
- Card deposits
- Payment partner may request ID on first purchase
- Age
- 18, or legal contracting age where you live
- Terms revised
- August 17, 2026
Why spot is no-KYC and that is normal
Fomo's wallet is self-custodial: the keys are split and yours, the company cannot move funds, and swaps happen on public chains from your address. That is the same category as using Phantom or MetaMask with a DEX, and non-custodial software has generally not been treated as a money transmitter that must identify its users. It is why "no KYC" is not a red flag here in the way it would be on an exchange holding your money. The flip side is the same: no regulator, no deposit insurance, nobody to reverse a mistake. The custody design is explained on the legit-or-scam page.
The United States, specifically
Americans can create a wallet, fund it by card, Apple Pay, bank transfer or crypto, and trade spot tokens across every chain the app supports. What Americans cannot do: trade perpetual futures (closed to every US person since the June 2026 launch) or hold the tokenised stocks issued on Robinhood Chain. The September 2026 card-payments inquiry by the New York Attorney General is about how card purchases were coded, not about who is allowed to use the app; if it changes anything, it will be the card funding route.
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Country-by-country notes for the places people ask about most: the UK, Canada, Australia and the EU and EEA.
Excluded jurisdictions
From the terms, capitalised as they write it: Crimea region, Cuba, Donetsk, the Democratic Republic of Congo, Iran, Libya, Luhansk, Myanmar (Burma), North Korea, Sudan, Venezuela, Yemen. Two catch-all clauses add any country embargoed or sanctioned by the United States, the United Kingdom or the European Union, and any country where crypto transactions are prohibited or restricted. The trigger is any one of four connections: citizenship, residence, physical location or place of incorporation. Using a VPN to route around this violates the terms and, since the wallet is tied to your identity via email or Apple ID, is a poor bet.
What "the payment partner may ask" looks like in practice
Card and Apple Pay purchases are processed by a third party, not by Fomo. On a first purchase, or above certain amounts, that partner can require a name, address or an ID scan before releasing the funds. This is the partner's compliance, common to every card-to-crypto on-ramp, and it is separate from the app's own no-KYC stance. If you would rather not do it, funding with USDC from an exchange you already verified with avoids the step entirely.
Checklist before you sign up
- You are 18 or older.
- You are not a citizen or resident of, or physically in, an excluded jurisdiction.
- If you are in the US, you want spot trading and are not expecting perps.
- You are fine with a card-processor ID check, or you will fund with crypto.
- You install from the official stores or fomo.family only (the safe download route).
