Cryptocurrency

A beginner’s guide on how to buy NEO 2018

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The NEO was launched in 2014. It was initially called Antshares and was founded by Eric Zhang and Da Hongfei. It is a decentralized and open source cryptocurrency with a platform that exchanges digital assets and also brings smart assets together. It is the first open source cryptocurrency in China. The NEO vision is aimed at merging the digital economy with the traditional economy so that the blockchain will be used to manage smart assets and contracts in a safe, efficient and legal manner. The NEO has 2 tokens which are: NEO and GAS.

Below are 3 easy steps by which you can buy NEO SUCCESSFULLY:

Get an NEO wallet

The NEO, like any other cryptocurrency, cannot be bought or sold without a wallet. You have to create an NEO wallet before you can buy NEO assets. There are desktop, web and mobile versions of NEO wallets. You can go to the official NEO website to get an NEO wallet.

Some available and popular options where you can buy NEO wallets are:

Neon wallet

This is an NEO desktop wallet that was developed by the City of Zion and is available for Windows, Mac, and Linux. It has the necessary features required to operate the NEO, that is, it can hold both NEO and GAS, allows users to store, send and receive NEO and GAS and also allows users claim GAS if they are holding NEO.

NEO tracker wallet

This is an open source web NEO wallet developed by NEO tracker that also allows users to send, receive and store their NEO and also, claim Gas if they have NEO.

NEO wallet

This is another web wallet option developed by the NEO community that allows users to store, send and receive NEO and GAS and also claim GAS while holding NEO.

Neowalllet

This is a web wallet developed by Unchain developers and allows users to send, store and receive NEO.

The official NEO wallet

This is a GUI desktop wallet developed/offered by the NEO project and has all the necessary features and NEO functions but is only available for Windows desktop.

The NEO mobile wallet

This is the only NEO wallet developed by Peter Linx (a third party) that’s available on the NEO website. It is available for android only but has all the necessary NEO features as well.

NEO paper wallet

This is a paper wallet that can store or send NEO and GAS offline for extended periods, but you cannot claim GAS while holding NEO in this paper wallet.

However, because of the active presence of fraudsters, it is best advised to use NEO wallets that are linked to the official NEO website “NEO.org” or wallets created by recognized NEO developers

Find an NEO exchange

After creating an NEO wallet, the next step is to find an exchange where you can purchase NEO. Some of the most popular exchanges where you can purchase the NEO are Bittrex, Bitfinex, Finance, Cryptopia, HitBTC, and Allcoin.

Buy NEO

It is possible to buy NEO with bitcoin in which case you have to have bitcoin in your bitcoin wallet or with other currencies as may be specified by the NEO exchange you choose. Therefore, after you have decided on an NEO exchange, buy the amount of NEO assets you want and store them in your NEO wallet.

Related: BEST BITCOIN EXCHANGES REVIEW 2018


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About the author

Tayyab M

I love to talk about global tech-happenings, startups, industry, education and economy.

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