NEO Buy 2021: The NEO Token Guide

NEO is a blockchain technology and cryptocurrency that is often referred to as the Chinese Ethereum. Like Ethereum, NEO also allows so-called smart contracts. These allow contracts to be executed automatically on the blockchain.

NEO is one of the 10 largest cryptocurrencies and its popularity is due to rumours that ICOs in China will only be allowed to take place with the help of the Neo Coin in the future.

Buying Neo: What to look out for

Buying Neo is not for speculators: We at Kryptoszene.de now explain the easiest way to buy Neo. Before doing so, however, you should ask yourself the following questions:

  • Where is the best place to buy Neo? Our recommendation is eToro.
  • Do you want to trade Neo or use it as an investment? That depends on personal preference.
  • How do Neo Wallets work? It’s very simple, storing with etoro is easy.
  • Is it worth investing your money in Neo? Neo is still worthwhile as a speculative investment.

How to buy Neo: Guide in three steps

We show how to get Neo into your portfolio quickly and easily. We use the broker eToro for this, as it offers the unique advantage that you can buy both real cryptocurrencies and CFDs – in other words, the advantages of a broker and an exchange combined. We will discuss the difference between a broker and an exchange below.

  1. Registering with a broker or crypto exchange

    First, you register with a broker or crypto exchange.For our example, we have chosen eToro because here we can hold real Neo Coins as well as speculate with NEO derivatives. First, we click the link to register with eToro:In the form we enter user name, e-mail and password and accept the terms and conditions:We then receive a verification email where we click on the link to confirm the account.u003cimg style=width: 100px; src=https://goldreward.io/wp-content/uploads/2021/06/atm-2.png alt=u003e

  2. Top up the account

    In the next step we need to fund our account with money in order to be able to buy Neo. To do this, we click on the Deposit money button at eToro: We then select the amount and the payment method we want to deposit with and then click on the Send button to deposit the amount.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/savings.png alt= style=width: 100px;u003e

  3. Buy Neo

    Now that we have topped up our account, we can start with the actual purchase of Neo. To do this, we click in the search box at the top and enter NEO there. Then we click on the Trade button: The purchase window then opens. Here we have the following options: 1. Buy or sell: In our case, we have to set it to buy.2. Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or delayed (order). Amount: How much Neo we would like to buy. Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.5. Leverage: With which leverage we want to buy Neo. With leverage X1 we buy real Neo, with leverage X2 we buy leveraged Neo CFDs. After we have configured all options, we click on the Open Trade button to complete the purchase.Subsequently, we have the Neo in our portfolio, the purchase is complete!

Buy Neo with PayPal, Sofortüberweisung and more

In our example we show the purchase with credit card. eToro also offers other ways to deposit:

Payment optionpossible?
Buy Neo with credit card 
Buy Neo with PayPal 
Buy Neo with SOFORT Bank Transfer 
Buy Neo with Rapid Transfer 
Buy Neo with Skrill 
Buy Neo with bank transfer 
Buy Neo with Neteller 
Buy Neo with UnionPay 

Where can you buy 2020 NEO? Selected alternatives

Buy Neo with Bitfinex

Bitfinex describes itself as the world’s leading trading platform.

So Neo can be traded here as well.

You will quickly realise that this is not a pure crypto exchange, but an exchange that also allows Neo to be traded in currency pairs with US dollars or euros.

If this appeals to you, you can consider registering. Incidentally, the offer can also be managed well via the provider’s app.

  • Many functions for professional crypto traders
  • Currency pairs with crypto and FIAT currencies
  • Demo platform
  • Deposit also with Euro and US Dollar
  • Trading only possible from $10,000
  • Long verification procedure
  • Not suitable for beginners

If you want to get some explanations about the platform first, you can also switch to demo mode directly on the start page.

This allows access to the trading software even without registration. At this point, however, we would like to point out a fundamental difference between Bitfinex and providers such as eToro.

Because while the CFD broker has designed its site completely in German, you have to use Bitfinex in English, Russian or Japanese.

Step 1: Registration

In the course of registration, one is first confronted with some instructions.

You have to confirm that you are trading as a professional trader, that you must have deposited at least 10,000 US dollars in order to use all the platform’s functions, that you accept the lengthy verification process, which can take between six and eight weeks, and that you have to pay a small fee if you do not actively use your account.

Only after these confirmations can one proceed with the registration.

It quickly becomes clear that Bitfinex is rather less suitable for pure trading beginners, but rather for very experienced traders who want to pursue trading on a regular basis and bring corresponding capital with them.

So you would do well to think carefully about whether you want to open an account here.

Step 2: Verification

However, the demo platform shows you that you will undoubtedly encounter a crypto exchange that has extraordinary qualities.

After the first registration, you will have to undergo the verification process. This includes the submission of various documents, such as the confirmation of identity by means of a copy of an ID card and also the address verification by means of invoices.

In addition, of course, you have to connect your personal crypto wallet or the other payment methods with Bitfinex.

As already mentioned, it can take a few weeks for the entire procedure to be completed.

For real crypto traders, however, this should not be a real hurdle. There are different levels of verification, on which the trading options are based.

The effort of verification is not that immense. Only the waiting time is longer on Bitfinex than on other platforms. In return, you can be sure that all participants in the exchange are checked so intensively.

Step 3: Deposit

Since not so long ago, Bitfinex not only allows you to deposit with online currencies, but also with euros or US dollars.

This was, in a way, a revolution on the platform, which had previously operated as an exclusive crypto exchange.

All in all, you have numerous deposit options.

If you deposit a digital coin, the Bitfinex addresses are displayed when you click on the respective value. This must then be entered in the user’s wallet.

The deposit of euros is only possible after successful verification and the minimum amount here is a whopping €10,000. However, you will have to deposit the equivalent with all currencies.

Step 4: Neo act

Finally, one can devote oneself to trade.

A search field allows you to easily and specifically discover the different currency pairs of Neo.

So you can buy and sell with US dollars, bitcoin, Ethereum, euros, British pounds or even Japanese yen Neo.

In a way, such diversity is unique in the industry. In addition, you get great overviews and statistics on the current price developments.

Bitfinex App

You can then initiate your order with simple buttons. The general possibilities on the platform are indeed impressive.

Crypto beginners and inexperienced traders might be a little overwhelmed by the offer.

Experienced users should also take a tour, which can be taken in the upper area of the platform. Once again, we would like to point out that the platform is really something for experienced traders.

Buy Neo with credit card

So you have to make a certain effort to be able to buy Neo. Without registering with a certain service provider, you can hardly get your hands on the coin.

Some users will wonder to what extent you can use your credit card to buy Neo.

Platforms like eToro or Coinbase, for example, allow you to buy cryptocurrencies on a regular basis using Visa or MasterCard.

There is also Ethereum and the Litecoin on offer.

For Neo, the situation is not quite so simple. You could open your account with eToro without any problems and use your credit card as a means of payment, but you can’t really buy Neo with the broker.

You only participate in trading through eToro and its options. CFDs thus only use the various assets as underlying assets.

The actual coin must therefore be acquired in a different way.

Step 1: Buy Bitcoin on Coinbase

However, it is possible to access Neo in your own wallet using your credit card. Even if Neo is not actually in Coinbase’s repertoire, you can still use its services.

You register and buy a certain number of Bitcoins. However, it should be noted that fees may be charged for this. If you use a normal bank transfer, these fees are significantly lower.

The purchased bitcoins can then be paid out to the user’s own wallet. But Coinbase also has its own online wallet with a corresponding address.

Step 2: Register with Binance

But now you still haven’t acquired a Neo. This works very simply via Binance, for example. This is also a crypto exchange.

However, it does not require such high minimum deposits as Bitfinex, and the platform itself is also much more suitable for aspiring traders and inexperienced crypto investors.

Step 3: Buy Neo with Bitcoin

With Binance, too, an account must first be created and the verification process completed. The acquired Bitcoin can be deposited here using the wallet and the corresponding address.

This can easily be found on the deposit page of the exchange.

Since the currency pair Neo-Bitcoin is also available here, Bitcoins can be converted into Neo Coins according to the current exchange rate.

Finally, the tokens can be cashed out quite easily and you are finally the owner of the desired Neo coins.

So you really do have to take a bit of a diversion, but once you’ve registered on the various platforms, the actual purchase of Neo is more or less a piece of cake.

You just have to get used to the process.

Buy Neo with Paypal

Those who are now looking for a way to complete the same procedure with Paypal are in for a disappointment.

Paypal has removed itself from crypto exchanges. The in-house buyer protection is simply not compatible with the anonymised transactions of crypto blockchains.

However, trading is very well possible via brokers and eToro is one of the few providers that accept Paypal as a payment option.

To complete the Paypal payment here, simply select the service provider in the list of payment methods.

In the next window you will be able to enter your login data via the interface of the transaction specialist to confirm the deposit. Those who value Paypal payments will find a suitable offer in eToro.

Why should I buy Neo with Paypal?

  • Fast deposit
  • Buyer protection
  • Secure transactions
  • One login for various online payments
  • Indication of a reputable broker

The crypto scene recommendation: Buy Neo from the test winner

Recommendation: Buy Uniswap at Libertex

  • Top Crypto Brokers
  • Premium Plus Partner Valencia FC
  • Mobile apps
  • 213 Cryptos & other assets
  • 0 Spread

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 83% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The cryptocurrency Neo is not yet really comparable with the big pioneers of the crypto industry. Neo is simply not yet widespread enough. But that doesn’t mean that the future prospects are unfavorable. A considerable number of investors believe that the coin will continue to grow in the future. To get into trading, you have to do some research.

Kryptoszene.de provides the assistance with the instructions that let you complete the Neo purchase in just a few steps.

The acquisition of digital coins is basically possible in various ways. You have to decide whether you want to add the tokens to your wallet yourself or whether you are really only interested in trading.

If the latter is the case, then you don’t even have to set up crypto wallets, but can focus on just one platform that allows you to trade.

Conclusion

Furthermore, a fair minimum deposit and the good trading experience are convincing. Trading via Bitfinex is only recommended to professional crypto investors.

Recommendation: Buy Uniswap at Libertex

  • Top Crypto Brokers
  • Premium Plus Partner Valencia FC
  • Mobile apps
  • 213 Cryptos & other assets
  • 0 Spread

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 83% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Buy NEO: FAQs

  1. Will Neo be needed for ICOs in the future?

    There is no official confirmation, but rumours about a strategic orientation of the Chinese market persist. Nevertheless, online currencies have so far been characterised by their independence and decentralised properties. A compulsion to use certain cryptocurrencies seems unlikely from this point of view. However, it will probably depend on the regulatory forces in the Middle Kingdom.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/income-3.png alt= style=width: 100px;u003e

  2. I don't believe in Neo. Can I still trade with the coin?

    Yes! Since cryptocurrencies are traded in pairs, just like their counterparts in the Forex market, you can buy and sell the values at any time. In the case of CFDs, there is the possibility of a buy or sell order in this context.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/strategy-1.png alt= style=width: 100px;u003e

  3. How much does it cost to buy Neo with a credit card?

    If you use the presented instructions to buy Neo via Coinbase, you have to calculate with fees of 3.99%. If you want to avoid these costs, you can make the payment with a bank transfer or trade derivatives with a broker.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/cvv-2.png alt= style=width: 100px;u003e

  4. Can I use Paypal for my Neo purchase?

    Paypal is fundamentally unsuitable for buying online currencies. The payment service provider has deliberately withdrawn from online platforms in the crypto market, as there have been repeated discrepancies with its own buyer protection. However, Paypal can be used as a regular payment method at eToro.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/transfer.png alt= style=width: 100px;u003e

  5. Why do I have to buy Bitcoin first to get Neo?

    Coinbase simply allows the purchase of three cryptocurrencies: Bitcoin, Ethereum and Litecoin. Since only the Bitcoin-Neo currency pair can be found on the Binance platform, the fastest way is to first equip yourself with Bitcoins.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/cryptocurrency-2.png alt= style=width: 100px;u003e

  6. Which documents are necessary for verification?

    Normally, the broker or the crypto platform has to confirm two details in particular, namely the identity and the address. In this respect, one will have to upload a copy of one's ID or passport. The address can easily be verified with bills that include the date, name and address. Gas, water and electricity bills are particularly suitable in this context.u003cimg src=https://goldreward.io/wp-content/uploads/2021/06/money.png alt= style=width: 100px;u003e

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