How to Buy NEO NEO in 2023: A Simple Guide

After reading this article, you will learn all about what NEO is, how to buy NEO coin, where to buy NEO coin, and whether or not NEO is a good investment. Before we get into how you can purchase NEO, I’ll tell you a little bit about the story and history behind NEO. Since that day, NEO has gone from $10.51 to an all-time high of $196.85 in January ‘18. The wave that was made across the crypto world earned NEO the title ‘The Ethereum of China’. There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. That’s the first step in buying NEO, once you get your Bitcoin or Ethereum, you can continue to the next step.

• Sadly, several large businesses, like Coinbase and eToro, do not offer to trade NEO.
• However, the main selling point for NEO is the concept of their ‘smart economy’.
• Neo also knows that the blockchain industry cannot circumvent existing legal systems or create solutions that are wholly incompatible with existing business frameworks.
• The service will let you purchase NEO tokens through a more popular coin, for example, Ethereum or Bitcoin.
• Even though it is not in the top 10, this can actually be thought of as a benefit for NEO.
• Depending on the general feeling of the market – you will be holding onto your crypto-assets for months or years.

As such, you’d be out of luck if you are not already in possession of a crypto asset. Most importantly, cryptocurrency exchanges are rarely regulated by a body like the FCA – so you can never be sure if your investment funds are safe. NatWest has said that its customers can use debit cards and Faster Payments to purchase crypto. However, the bank restricts payments to crypto platforms that it perceives as posing the highest risk of financial harm. NatWest customers that want to buy Neo should try using a large and well-regulated platform. The minimum deposit to start using eToro is about £8 ($10), and buying NEO incurs a transparent fee of 1% plus spread.

How to Sell NEO (NEO)?

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more https://www.tokenexus.com/derivatives-in-crypto/ expensive than using the spot market. Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. When you buy and/or sell NEO, you’ll likely need to pay a commission.

Alternatively, eToro will gladly store your NEO coins in a safe and secure manner, at no extra fee. When you are happy that the information entered in the previous steps is correct, you can confirm your choices with the platform. At eToro, you don’t have to throw wads of cash at purchasing NEO, as you can invest from just $25 each time. This makes a regular investment strategy achievable, whilst learning the ropes.

Step 6: Storing Your NEO (NEO)

Bittrex prides itself on its robust security measures, high liquidity, and extensive range of trading pairs. Decide on a payment option, such as a credit card, debit card, bank transfer, or third-party payment service, depending on the exchange that best suits your requirements and price range. CEXs such as EXMO, Crypto.com, and Bitfinex allow you to purchase NEO with fiat currency such as USD with Visa, Mastercard, or a wire transfer.

• These GAS tokens are then used to pay for transactions – meaning that in many ways, NEO transfers are free.
• You can also choose from thousands of shares and ETFs from 17 UK and international marketplaces – all on a 0% commission basis.
• Combine this with the fact that blockchain technology is still in its early stages, the growth (and profit) potential is significant.
• In the case of cryptocurrencies – the best brokers are regulated, supports lots of payment methods, and allow you to invest in a low-cost environment.
• BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
• Once you have sold your NEO tokens into cash – you can then withdraw them back to your bank account or debit/credit card.

Visa offers prepaid cards but you’ll need to ensure you won’t have to give up personal details to obtain it. Local transfers through how to buy neo a UK bank account are available on many platforms. It is free on eToro, and can vary on Coinbase depending on the bank.

Where to Buy NEO UK

Most traders and investors are more concerned with the level of security of the trading platform or exchange where they intend to buy NEO. On the other hand, if you need to hold your NEO coins for a longer period (weeks or months), it is best to move your NEO tokens to a crypto wallet. To do that, you should enter the public key before the NEO coins can be transferred. If 2FA is enabled, you should also enter the One Time Password (OTP) for confirmation of the transfer. To put in your buy request, select the fiat money and the amount you need to use to pay for the investment, and it will give you the number of NEO coins that you can get. It will take a couple of moments for the coins to appear in your exchange wallet.

Moreover, technological collaborations with similar companies might also play a significant role. Hence, the maximum price for NEO in 2024 will be $20.73, with a minimum of $16.59 and an average trading price of $18.25. The NEO ecosystem faces a sentiment leaning towards bearishness, reflecting the broader market context. Furthermore, the Fear & Greed Index stands at 38, indicating a state of fear among investors and market participants. The circulating supply of NEO currently amounts to 70.54M out of a maximum supply of 100.00M. This distribution emphasizes the platform’s approach to scarcity and scarcity as it navigates the market.

Neo has a track record of delivering high returns on investment either due to its volatility or more fundamental reasons like growing adoption and institutional interest. Combine this with the fact that blockchain technology is still in its early stages, the growth (and profit) potential is significant. You can buy immediately at market price or set a price you’d like to buy at. You’ll receive an email verification link when you create an account. Complete your profile by submitting details like your date of birth and a passport photo, after which you submit KYC documents.