How and where to buy/sell NEO in 2020: A comprehensive guide

If you are interested in how to buy NEO, then you’ve come to the right place. This comprehensive guide would be your one source of all the information you need to know about what is NEO.

The decentralized block chain application Neo has been very successful since its foundation in 2014. In addition to blockchain technology, Neo also uses smart contracts to manage digital assets. The Neo network is based on a decentralized Byzantine fault tolerance consensus mechanism and is extremely fast. 10,000 transactions per second can be executed.

For those in a hurry: Buy/Sell NEO CFDs in three steps

Before you can trade NEO, the first step is to create an account with a trading platform that supports the currency. Our choice is eToro. Here, opening an account is particularly easy and doesn’t even require verification for trades up to $2,000. Furthermore the provider is state-regulated and therefore subject to deposit protection. To open an account you just need to enter your personal details in the login form on the start page.

Now you will receive an email from eToro with a link that you need to confirm. Then you’re ready to go.

To top up your trading account with real money you have to click on the “Deposit money” button at the bottom left. This will open a window where you can select the desired payment method, such as instant bank transfer.

Depending on the chosen method, the payment can now be made and the trading account can be topped up.

If the deposit was successful, the new account balance is now displayed at the bottom of the screen.

With it now the desired currency, in this case NEO CFDs, can be bought. The easiest way is to enter the currency in the search field and thus find it. Now in the purchase field the desired adjustments can be made. Here it is also determined for how many Euro you want to buy Stellar.

If you do not want to trade real NEO but rather NEO CFDs, these can also be found via the search field. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when 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.

Should one invest in NEO?

The homepage states that NEO is a “non-profit, community-based blockchain project”. It also states that NEO was created “to lead the traditional economy into a new era of the smart economy”. Anyone who takes a close look at the technology of NEO will also find that it is a few steps ahead of Bitcoin.

NEO used the basis of the digital currency Ethereum and has subsequently expanded the system. This is also the reason why “Smart Contracts” are at the center of numerous NEO projects – actually a matter that has been taken up by Ethereum. NEO has thus clearly expressed its intention not only to become a new means of payment, but also plans to realize the Smart Economy, i.e. the networked economy. A vision that is particularly interesting at the present time when it comes to the question of whether to invest in NEO.

The current rate

How to buy/sell NEO?

Meanwhile, there are several ways to purchase NEO and also other crypto currencies, such as Stellar Lumens. The safest and most convenient options are brokers and exchanges.

You should understand the difference between the two before you invest in NEO.

Differences between NEO CFD brokers and stock exchanges

CFD brokers

Stock exchanges

The difference between real NEO and NEO CFDs

Since there are two ways to trade NEO, there are therefore also two different types of NEO investments:

  1. Brokers trade NEO CFDs, as financial instruments that use the NEO price as a basis
  2. With stock exchanges, one trades with “real” NEO

Benefits to use a Broker

Functionality: When you buy/sell NEO CFDs, you bet on the performance of the coins and do not receive any real coins. You do not own this crypto-currency in its physical-digital form, but rather deal with the price development. You can imagine the whole thing like this: If the NEO price rises or falls, your CFD also rises or falls. You can choose the NEO price in a 1:1 ratio or work with a lever.

Leverage: For example, if you use a leverage of 10, then your CFD rises and falls 10 times as much as the actual NEO price. This has the advantage that your profit is also 10 times as high. The disadvantage is that this CFD leverage is also associated with great risks.

If you do not cope with price fluctuations and excitement so well, the CFDs are perhaps not the right investment for you. You can also use CFDs at Plus500.

Top 3 Broker to buy/sell NEO CFDs

Buy crypto currencies with our first choice for crypto broker 
5/5

✔ Our first choice for crypto broker 
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✔ 2000+ trade products
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Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 76.4% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro - buy crypto currencies with award winning trading platform
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✔ Award winning trading platform
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✔ Social trading and copy trading

Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 66% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

4/5

✔ Broker since 1997 and 2.2M customers 
✔ Regulated by CySec 
✔ 213 tradeable assets
✔ no spreads, but transaction fee

Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 83% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How stock exchanges work

NEO Coins: Buying NEO coins has the great advantage that you can hope to increase the value of the currency here. If NEO is developing as rapidly as Bitcoin, an investment could definitely be worthwhile at this point in time. Because at the moment prices are low and hopes are high. To store your coins safely, you need a wallet. When choosing your wallet, make sure you choose a reputable provider.

Crypto bots: this way you can see NEO coins as a long-term investment or you can sell them on at the next possible high, i.e. actively trade them. Here too, there are opportunities for profits. You can also leave trading to a crypto bot. These crypto trading robots are becoming increasingly popular on the crypto scene because they take over trading fully automatically. The disadvantage is that you do not have to do the trading yourself and trading crypto currencies can be quite exciting!

Top 3 stock exchanges to buy/sell NEO

5/5

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✔ Binance Academy

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✔ High liquidity and low fees
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✔ Deposit via VISA, MasterCard
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Buy cryptocurrency with award winning trading platform
4/5

✔ Best known US Bitcoin exchange
✔ Emoney license in UK and US 
✔ Deposit via VISA, MasterCard, SEPA
✔ no spreads, but transaction fee

What happens after the NEO purchase?

Especially as a newcomer to the world of crypto, you may wonder what happens after buying digital currency. This is how it continues:

The storage

If you have bought coins, you need, as already mentioned, a digital wallet. If you have already opened an account at a so-called crypto exchange, you also have such a storage facility – but if you do not have an account at an exchange, you have to look for a wallet provider.

The problem here is that the private key with which the wallet is controlled remains in the possession of the exchange. This means that there is actually a small security risk here. Even if today’s stock exchanges are all at the cutting edge of security technology, this does not mean that a hacker cannot succeed in getting hold of the private key.

The sale

If you want to sell your coins because the price has risen, they can be offered on an exchange at any time. Due to the fact that you don’t have to offer your coins on the exchange where you bought them, you can compare fees in advance. The fees charged by the exchanges differ greatly, so it is advisable to get an overview in advance.

NEO - The conclusion

If you want to buy/sell NEO, it’s relatively easy as fast as possible – even a beginner, who hasn’t been interested in the topic so far, will probably have no problems. Due to the fact that there are different possibilities as well as platforms, you can make a comparison in advance and answer the question for yourself, which possibility seems to be especially attractive.

Does the future belong to the crypto-currencies? Anyone who believes that the crypto market will gain strength, with the NEO playing a major role here, should of course put money into the digital currency.

Frequently asked questions about buying NEO

In numerous forums one reads that the crypto currency NEO could even be the successor of Bitcoin, the mother of all digital currencies. Hardly any other digital currency has been able to increase in value as quickly as the digital currency NEO.

The reasons why NEO is particularly interesting for investors and crypto fans are extremely diverse. For example, the NEO protocol is superior to the Bitcoin protocol. From a technical point of view, NEO can be compared to Ethereum – in other words, NEO is a much bigger competitor to Ethereum than to Bitcoin. This is because NEO – just like Ethereum – enables the development of digital assets like smart contracts.

NEO, like Ethereum, offers the possibility to create so-called Smart Contracts. Smart Contracts are intelligent contracts that automatically process agreements made between the parties. This means that manual checks of the contract, such as by regulatory authorities, are no longer necessary. Manipulations are also not possible thanks to the blockchain. Furthermore, the contract is processed in real time.

NEO also closes a few loopholes that would have made contracts in Ethereum’s universe even more vulnerable to cybercriminals. In other words, NEO uses a unique block-chain algorithm that ensures that the Ethereum model is expanded and further improved. Unlike Ethereum, NEO makes communication and thus work with the Microsoft .NET Framework possible right from the start. In addition, NEO has been able to create an interface that subsequently allows programmers to work in JavaScript. Currently, further steps are planned to ensure that the broad mass of NEO feels addressed.

If you are toying with the idea of investing your money in NEO, you will ask yourself at the beginning how secure the trade is at all. At this point it must be said that the market is extremely volatile – price jumps are simply part of it. This means that the price can rise or fall 15 percent overnight.

If you want to invest your money in crypto-currencies, especially in Litecoin, you will need nerves of steel. It’s also important to follow the news and watch the markets – in other words, to see how they react to various events.

In order to buy/sell NEO, you must register with a stock exchange or broker, so registration is not missing.

The only way to get Litecoin without registration is mining.

Despite the great predictions for the crypto world, you should not forget that investing in cryptocurrencies involves a high risk. The high volatility does not exist in any other speculative investment objects. Although the NEO share price seems to be quite stable, even inconspicuous news can have a quite strong influence on the performance. The crypto market is sensitive, yet more and more people are abandoning conventional investments and prefer to invest in the promising crypto currencies.

Only you can decide whether or not you want to buy NEO.

Our Choice

Safer Crypto Trading

✔ Governmental regulation

✔ Depositor protection

✔ Extensive trading platform

✔ Diverse deposit options

eToro is a multi-asset platform offering CFD and non-CFD products. 66% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Disclaimer All content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets as well as products, services and other investments. The opinions expressed on this site do not constitute investment advice and independent financial advice should be sought whenever possible. This website is not intended for use in jurisdictions where the trading or investment described is prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. You should therefore carry out your own due diligence. This website is available to you free of charge, but we may receive commissions from the companies we offer on this website.
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