NEO can make millions of transactions every day because it has a decentralized ledger. It is making businesses and financial institutions think about how they do business in a new way. The platform can also run popular programming scripts like C#, Python, and Java.
It’s possible to get GAS tokens for free if you buy and hold NEO coins. These tokens can be used to run the blockchain itself. Or, you can sell them on the market and get free coins. People who own NEO coins get to vote on things in the ecosystem, like shareholders.
One hundred million NEO tokens were pre-mined, and they all came out of the ground at once. There was an initial coin offering (ICO), and half was given to investors. The rest are still in a smart contract. There are 15 million NEO tokens allocated to the development team every year to pay for the project. NEO tokens cannot be broken down into smaller parts, unlike many digital currencies. Among other things, you can only store them in round numbers, like 8 NEO coins. You can’t store 8.4 NEO coins. On change, you might be able to buy 8.4 and send the 0.4. So, think about that.
How do I buy NEO Coin?
Buying NEO coins is a simple process similar to believing in other cryptocurrencies like Litecoin, BNB, Bitcoin, and Ethereum. Following the steps below is all you need to do.
Step 1. Choose Your NEO Exchange
If you want to trade NEO, the best place to start is eToro’s cryptocurrency platform. But keep in mind that it’s a trading exchange where you bet on the price to make money, and you can’t get the real currency. Binance and Bittrex are the two most popular places to buy the currency if you don’t want to learn how to make money with it first. You can buy NEO coins with USDT or another cryptocurrency here. Only Bitfinex lets you buy NEO with real money.
As an option, you can use your credit card to buy NEO through Changelly. The fee is a little more, but it’s worth it. With your card, you could buy Bitcoin and then use that money to buy NEO on Changelly or in your wallet.
Step 2. Find a wallet for your NEO coins
If you want to keep your money safe, the best wallet for it is a hardware wallet, like the Ledger Nano X or S. They let you keep your money safe and easy to get. At only $59, the Ledger Nano S is a great deal. You can also get a wallet from the official NEO website, which has a desktop, mobile, and web version for you to choose from too. There’s also an official NEO GUI wallet that only works with Windows, but it’s a full node, which means it will download the entire NEO blockchain to your computer and keep it there for you.
If you are looking for other types of software, Atomic Wallet, Exodus, and NEON wallets are all excellent options. They all have good security and a good set of features.
Step 3. Take Precautionary Steps
There are a lot of things that you should do before you buy any cryptocurrency:
To sign up for the exchange or trading platform, you should use a new email address.
• Always choose a strong password that has upper and lower case letters, digits, and special characters in it, as well as a mix of them.
In this case, make sure your computer and other devices are safe and checked to make sure there aren’t any holes in them.
• Use unique and different passwords for both your email and your exchange account so that no one can get into them.
• Make sure you’ve set up two-factor authentication for extra security.
Step 4. Buy NEO Coin.
If you have chosen your cryptocurrency exchange wallet and taken the necessary precautions, it’s time to buy your NEO coins. You can buy them now. You’ll need to sign in to your crypto exchange and go to the market. You’ll enter the total number of coins you want to buy there. It’s easy, click the “Buy” button. The exchange will find the best price. Soon, your account will be full of coins.
Step 5. You should add NEO to your wallet now.
Once the NEO coins are in your account, you can transmit them to your virtual or hardware wallet to keep them available and secure.
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