Buy NEO [NEO]
How to Buy NEO: The Main Peculiarities of the Asset’s Purchasing
Want to know how to buy NEO coin? Here is the answer:
How to buy NEO cryptocurrency
- Open an online account
To purchase NEO tokens, you must create an account on a crypto trading platform that supports asset trading. To create an account, you must provide the site with information about yourself.
- Buy a wallet (optional)
If you do not plan to trade your cryptocurrency actively, you should store your crypto assets in a dedicated crypto wallet. There are two leading cryptocurrency wallets: hardware and software wallets.
Software wallets are computer programs that you can use on your computer or mobile device. These programs are more secure than storing your funds on exchanges and are generally free to use. Hardware wallets are the safest way to keep your NEO tokens, as hardware wallets are the physical devices where your cryptocurrency is stored offline.
As with stocks, you can buy NEO as a limit or market order. Market orders buy your NEO tokens at the market price, which is determined by the highest bid and lowest ask on the exchange’s order book.
Alternatively, you can buy your NEO with a limit order. Limit orders buy crypto at the specified price you set when placing the order. If the market price drops to the price you select, the order will automatically buy NEO.
Current price of NEO
In September 2022, NEO’s price in dollars is $8–9. NEO hit an all-time high of $198,38 on the 15th of January in 2018. The lowest price was noticed on the 21st of October in 2016 — $0.078349400000.
NEO coin price
Before looking at price predictions, we should examine NEO’s historical performance. First, it will show us what factors have influenced the price in the past. Secondly, we will be able to measure price fluctuations to understand how far NEO can go.
During the ICO in August 2017, NEO crypto price was $0,0320. However, on January 15, 2018, the price skyrocketed to $198.20. The general bullish trend of cryptocurrency caused a sharp increase. Imagine how lucky those who participated in the ICO were at that time!
In early January 2020, the coin was trading at a stock market below $10. In mid-February, the price in GBP UK doubled. From mid-February to mid-March, a bearish trend pushed the price to $4 (March 13 was the year’s lowest point).
The next bullish trend started only in July and, as of September 18th, pushed the cryptocurrency to $25.90. Then the NEO USD price went down again and reached $14. It experienced ups and downs for the rest of the year but ended 2020 at around $14.
You may have noticed that the NEO share price has been very volatile throughout the year; it jumped from $5 to $25, meaning it could fluctuate significantly in the coming years.
If interested in a detailed NEO graph, go to our crypto exchange.
NEO price prediction for 2023
Wondering what the future of NEO price is? Find out NEO cryptocurrency price prediction here.
In its NEO crypto forecast for 2023, TradingBeast predicts that the value will increase to $11,55 by December. PricePrediction.net also anticipates further growth, stating that NEO’s price will reach around $13.3569 by then. Conversely, WalletInvestor talks about the price’s decline.
How to invest in NEO
NEO makes it easy to earn passive income. All NEO token holders receive a portion of the network’s utility token, GAS. Tokens are generated each time a new block is created. GAS tokens are credited automatically.
Please note that if you store your NEO tokens on a cryptocurrency exchange, you may not receive these rewards. This varies by exchange, so it is highly recommended that you keep your cryptocurrency tokens in a blockchain wallet that you have sole control over.
The Neo Network distributes 80% of GAS token rewards to those who stake their NEO tokens, compared to 10% to NEO token holders who do not. Since there is such a big difference in dividends, it is best to bet.
NEO: where to buy
NEO is a rather popular and widespread cryptocurrency. Due to it, you can buy it at almost any major crypto exchange with a debit or credit card. You should just choose the one that offers you the most suitable conditions to trade NEO.
What wallet to use to store NEO crypto?
The NEO Wallet is a digital storage space for NEO after a successful purchase has been made. The wallet works with a set of codes that give the user access and total control over the NEO tokens he holds. Here are the best options to consider:
- NEO Community Wallet
This wallet was created to provide fast and direct access to the NEO blockchain.
- Ledger Nano S Wallet
This is a cold/hardware wallet designed to protect NEO tokens from attacks by storing them offline.
- NEO Tracker wallet
This lightweight online wallet allows users to access the blockchain and perform transactions without downloading the entire blockchain.
How to sell NEO
Selling NEO on a cryptocurrency exchange can be intimidating for newbies. You have to read the chart and understand how to place orders. Besides, you also need to understand the difference between market and limit orders and how to place them.
If you hold NEO to trade through an exchange, to sell NEO for state currency is much easier.
What is NEO cryptocurrency used for
NEO is some kind of cash replacement. Thus, you can use it for buying, trading, and donating. However, you can use NEO for more than just government money. For instance, to collect contributions or facilitate businesses that are not dependent on the authorities or the financial system. In addition, the preservation of treasures cannot be taken away.
NEO is available at all major cryptocurrency exchanges like WhiteBIT. So, you won’t have any difficulties deciding to buy NEO.
According to price predictions, NEO crypto future is bright. Thus, NEO investments seem an excellent idea. Anyway, you should consider all the available information before making a decision.
The NEO shares price today is $8,80. The current CoinMarketCap ranking is #65, with a live NEO market cap of $620 709 157 USD. To get more precise information, you should use the NEO chart.
As a matter of fact, yes, invest in NEO is a good idea. With a well-thought-out roadmap and vision, NEO is set to radically change the entire cryptocurrency world as a viable investment option. Nevertheless, you have to study all the available information and make your analysis of the coin before investing.
The NEO network was launched in 2014 but failed to become one of the world’s leading blockchain platforms. However, NEO is still among the top 100 cryptos.
This is an online environment or application that allows you to find information stored in a public ledger.