In other words, the ‘risk-return tradeoff’ principle is strong in this game. Like any business, you will find that online brokers vary from one another, especially when it comes to fees and commissions. This includes credit and debit cards like Mastercard, Maestro, and Visa/Visa Electron. The striking difference between an exchange and a broker like eToro is that the latter will store your NEO and keep them safe.
More Cryptocurrency Guides in the United Kingdom
The open-source platform subsequently rebranded to Neo three years later. There are a lot of real economic activities on the NEO blockchain that can replace economic systems in today’s world, like the NEO wallet. Blockchain-based economic activities like the NEO ecosystem make transactions faster and cheaper than real-world banking solutions. The founder of NEO envisions having economic applications that run on smart contracts on the NEO blockchain. The smart contracts are what enforce the economic laws the NEO’s ecosystem will uphold. 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.
Decide your investment strategy
EToro also accepts wire transfer, but if you are wondering how to buy NEO instantly – this is not the way to do it. In a nutshell – the higher the risk – the higher the potential reward. It’s a good idea to come up with an investment plan when considering how to buy NEO. Just think of the 6 P’s – ‘Proper Planning and Practice Prevents a Poor Performance’. It’s important, with any new venture involving finances to make a point of informing yourself of any prospective fees. If you don’t want to use Binance, there are plenty of alternatives – here’s a list of all the exchanges where you can buy NEO.
Navigate to the NEO market
When you own cryptocurrencies, what you really own is a private key, a critical piece of information used to authorize outgoing transactions on the blockchain network. Holding the private keys gives you access to your crypto, like holding a pin code to your debit card; in short it gives you access to your funds. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services.
- That said, many users believe that KuCoin is one of the simpler exchanges on the current market.
- You can buy NEO with a credit or debit card on Bitfinex, Crypto.com, and EXMO.
- All you have to do is enter your debit card details at your online broker with the amount of NEO coins you want to buy.
- Cryptocurrencies are speculative and investing in them involves significant risks – they’re highly volatile, vulnerable to hacking and sensitive to secondary activity.
- Smart contracts allow transactions to be completed in a speedy and trustworthy fashion and without any biases from related parties.
- You can use the information to help you decide which exchange you want to use.
At the risk of repetition, we recommend only ever signing up with a licensed broker, rather than risking your capital at an unregulated exchange. This is because there are hundreds of shady online providers waiting to scam unsuspecting investors. how to buy neo Although not a given, it’s highly unlikely that a third-party crypto exchange is going to be regulated. This leaves you vulnerable to hackers, as there are more stories coming out year-on-year of crypto exchanges being ransacked by criminals.
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