What is NEO? How to Buy Neo (NEO) Crypto • Benzinga

Want to jump straight to the answer? You can buy NEO on eToro!
Neo competes directly with Ethereum as a chopine to create fiscal products on a blockchain. The caller is seen as the “ Chinese Ethereum, ” as the Neo Foundation is based out of China. Neo ’ randomness transactions are cheaper than Ethereum ’ s and the platform has a investment company to stimulate proceed growth into the future. With this in mind, Neo is an attractive investment for investors who believe another crypto will finally replace Ethereum as a platform to build decentralize applications on .

What is Neo?

Neo is a blockchain net that competes with Ethereum to provide a platform to build fiscal infrastructure on. Unlike Bitcoin, cryptocurrencies like Ethereum and Neo lashkar-e-taiba developers build fiscal products directly on the blockchain. This eliminates the indigence for a centralized 3rd party, making a fiscal ecosystem that is both trustless and permissionless .

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A trustless system means that there is no want to trust a 3rd party to operate on your behalf. For exercise, you need to rely on a crypto exchange to hold your assets securely and continue supporting the cryptocurrency tokens you ’ re invested in. alternatively of a 3rd party controlling your assets, you control your funds with your crypto wallet and transact using code on Neo ’ south blockchain. This code is referred to as smart contracts, as they ’ ra capable of handling assets on the blockchain .
Neo ’ second network provides a permissionless fiscal system for anyone who can access the chopine ’ randomness smart contracts. Unlike an substitute or bank, you can use a smart contract without having to gain “ license ” by making an account or submitting paperwork .

Brief History of Neo

NEO was initially released as Antshares back in 2014. The blockchain party is based out of China and is believed to be the 1st public blockchain to be developed in the country. In 2017, Antshares rebranded to Neo and promptly appreciated from substitute $ 1 prices to about $ 200 at its top out .
Da Hongfei and Erik Zhang are the co-founders of Neo. They operate the Neo Foundation, which is used to facilitate upgrades to Neo and care in the adoption of Neo ’ randomness network. presently, NEO is trading for equitable under $ 40 and has a commercialize capitalization of about $ 2.75 billion .
The 2nd keepsake on Neo ’ s network is NeoGAS. NeoGAS is similar to Ethereum ’ s natural gas, but it ’ s not directly linked to the NEO nominal. NeoGAS is used to purchase computational power for transactions and smart contracts, “ fueling ” the network .

How to Buy Neo (NEO)

  1. Open an online account. In arrange to purchase NEO tokens, you ’ ll need to make an account with a crypto trade chopine that supports the trade of the asset. unfortunately, most major exchanges like Coinbase and eToro don ’ metric ton support the trade of NEO, but you can watch the price movements of the token on the Coinbase app. The most democratic substitution that supports NEO is Binance, a popular crypto central that supports a diverseness of altcoins.

    To make an history with Binance, you ’ ll need to provide the web site with data about yourself. The data you provide is for tax purposes, and it ’ s identical similar to making an account with a standard brokerage house. Some information you ’ ll necessitate is your social Security number, address, electronic mail address and birthday.

  2. Buy a wallet (optional). If you don ’ thymine design on actively trading your cryptocurrency, you should store your crypto assets on a dedicate crypto wallet. Storing your funds on an exchange puts your crypto at risk of being stolen, as hackers may be able to breach the exchange ’ randomness security. The 2 chief types of cryptocurrency wallets are hardware and software wallets.

    Software wallets are calculator programs that you can use on your computer or mobile device. These programs are more impregnable than storing your funds on exchanges and are generally free to use. Hardware wallets are the most secure way to store your NEO tokens, as hardware wallets are physical devices that store your crypto offline.

  3. Make your purchase. In a similar way to stocks, you can buy NEO as a specify order or a commercialize orderliness. market orders purchase your NEO tokens at the commercialize monetary value which is determined by the highest bid and lowest ask in an substitution ’ south ordain ledger.

    alternatively, you can buy your NEO using a limit order. limit orders purchase NEO at a stipulate price you set when placing your order. If the market price dips to the price you ’ ve specified, the order will mechanically purchase NEO at that price.

Best Crypto Exchanges

Voyager

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mobile Traders
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Disclosure: *Other fees may apply.

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fluid Traders

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1 Minute Review
Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell and trade assets using Voyager Crypto ’ s simple mobile platform available as a free download for io and Android users .
When you invest through Voyager, you ’ ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers. Voyager is besides one of the only brokers we ’ ve seen that allows users to earn interest on their crypto investments .
Though the agent could do more to improve its customer service, it ’ s an excellent choice for founder investors and seasoned professionals alike .
Best For

  • Cryptocurrency investors looking for a wide selection of supported projects.
  • Investors who prefer mobile trading.
  • Anyone interested in earning interest on their crypto investments.

Pros

  • Simple, straightforward and intuitive mobile platform
  • Wealth of investment opportunities
  • Allows users to earn interest on select crypto investments

Cons

  • Only available for mobile users — no desktop platform
  • Limited routes to contact customer service team

eToro

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copy trading
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Disclosure: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) and USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections and not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

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replicate trade

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eToro is headquartered in Cyprus, England and Israel. A major eToro plus is its sociable trade operations, which allows newly clients to copy deal the platform ’ s best performers. Its social trade features are top pass, but eToro loses points for its underwhelming research and customer avail features .
Best For

  • Investors looking to CopyTrade other traders
  • Simple user interface

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  • Several major cryptocurrencies and altcoins
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  • Large client base for new traders to imitate

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  • Only 29 coins available

Robinhood

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Robinhood is a agent designed for traders who want a dim-witted and easy-to-use chopine. It takes out all the bells and whistles that can be confusing to the modern day trader, serving as the perfective station for beginners to learn the markets. The interface is intuitive and comfortable to master, streamlined to ensure you don ’ deoxythymidine monophosphate get distracted as you build a portfolio. Though advance traders might like more exhaustive psychoanalysis tools, Robinhood gives you everything you need to start trade and learn the ropes .
Best For

  • Beginner traders
  • Mobile traders

Pros

  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency

Cons

  • Fewer analysis tools than most
  • Only taxable, non-retirement accounts are available

Changelly

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instantaneous exchanges
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Best For
instant exchanges

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1 Minute Review
Changelly Crypto is a cryptocurrency rally platform that allows users to swap, buy and sell more than 170 cryptocurrencies .
With an intuitive and straightforward platform, tools that allow you to find the best exchange rate cursorily and multiple forms of currencies and payment methods accepted, Changelly offers a wide range of benefits over its competitors .
Though we ’ d love to see Changelly expand its educational offerings and consider adding earphone defend to its customer avail repertoire, the platform is a firm choice for both fresh and experience traders alike .
Best For

  • New cryptocurrency investors
  • Investors looking to invest in cryptocurrency using a non-major fiat currency
  • Investors who value high-level customer support options

Pros

  • Selection of more than 170 cryptocurrencies to buy, sell and exchange
  • Simple and straightforward platform is easy enough for beginners
  • Pro platform is ideal for advanced users
  • 24/7 live chat support is responsive and proactive

Cons

  • Currently no option for phone support

Best Crypto Wallets

here are the best software and hardware wallets for Neo .

Best Hardware Wallet: Ledger Nano S

The Ledger Nano S is an low-cost hardware wallet for most crypto investors, coming in at good over $ 50 on Amazon. The wallet supports a variety of altcoins and its Ledger Live platform allows you to download applications for lesser-known crypto assets .
Ledger makes a premium crypto wallet called the Ledger Nano X that retails for $ 119 on Ledger ’ s web site. The Nano X has a couple of benefits over the Nano S, such as Bluetooth connectivity and accompaniment for up to 100 applications ( the Nano S alone supports up to 18 applications ). For most investors, the Nano S will have everything you need to store your cryptocurrency securely .

Best Software Wallet: Binance Wallet

Binance Wallet is an exchange wallet that holds your crypto assets off the exchange. If you choose to use Binance to buy and sell NEO, it ’ s a bang-up option to store your cryptocurrency since it ’ s so commodious. besides, Binance is one of the few wallets that lets you earn NEOgas, which is deposited to your wallet on the 2nd day of each month .
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Given its high transaction fees, many investors are looking for alternatives to Ethereum. NEO is a clear rival to Ethereum, and it may gain grip if Ethereum can ’ triiodothyronine fix its scalability problems quickly .

Trade, Sell or Convert your NEO

If you plan on day trading your NEO, then you ’ ll need to keep your crypto on an exchange. You can ’ thymine deal cryptocurrencies from most crypto wallets, but some high-tech wallets let you exchange crypto using smart contracts. If you ’ rhenium holding your neo in a crypto wallet, you ’ ll want to send it spinal column to an rally in holy order to sell it. To transfer your NEO tokens from your crypto wallet, barely enter your exchange ’ s NEO address in your crypto wallet and send it on its manner .

Current Crypto Prices

The stallion cryptocurrency asset course has been in a bull market this year, with prices appreciating well over 100 % in many cases. institutional buyers like Square, Tesla and Grayscale have all been driving up the price of bitcoin by adding the asset to their proportion sheets. To get an idea of how cryptocurrency prices are moving, check out some of the major cryptocurrency prices below.

Is Neo a Good Investment?

If you don ’ deoxythymidine monophosphate think Ethereum will be able to scale in a seasonably manner, then Neo may be a good investment for you. justly now, Ethereum ’ s grocery store capitalization is about 75 times more than NEO ’ second, and most blockchain developers use Ethereum to build smart contracts. net effects are an important region of the blockchain diligence, and it will be difficult for any chic contract-enabled blockchain to replace Ethereum as a decentralized fiscal service provider .

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