Where To Buy NEO – Beginner’s Guide

In a world and time where cryptocurrencies are trying to get into the mainstream world and make a mark for themselves, NEO has gained a lot of attention. Some cryptos are used as a means of exchange, and others power blockchain projects – NEO is one such coin.

NEO is considered to be a rival to Ethereum in its functionalities and structure, being more than just a cryptocurrency, but a whole ecosystem and foundation for a smart economy. In this guide we’ll review all aspects of the NEO platform, how to invest in NEO, some potential NEO price predictions.

If you’re just getting started where to buy Neo tokens securely, eToro is considered the best crypto exchange for beginners, we’ll review some of the other best places to buy NEO below.

Where to Buy NEO – Full Reviews

NEO has risen in popularity and volume in the last few years. It’s this popularity and NEO functionality around NEO that makes it listed across a lot of exchanges. There is a long list of cryptocurrency exchanges listing NEO on their platform, however, there are a few which stand out from the rest.

Here’s a list of the top four crypto exchanges to invest in NEO that our analysts reviewed:

1. eToro: Overall best place to buy NEO in 2022

Launched in 2007, eToro tops our list of best places to buy NEO from in 2022 for a variety of reasons. The platform has been regulated by the SEC, registered with FINRA, and won the trust of its users through a ton of other features.

One of such features is buying a cryptocurrency on a spread-only basis. A spread-only basis refers to paying the difference between buying and selling price as a fee instead of a traditional commission.

The spreads on the eToro platform start from as low as 0.75%. Adding to the list of other benefits is the fact that there are no deposit fees involved when you’re funding your account in USD.

There are other funding methods involved as well, such as debit/credit cards, online banking, and domestic wires as well. eToro also includes e-wallets such as Paypal and Neteller in its list. $10 is the minimum deposit required for US clients. Adding on, eToro also has a list of other cryptocurrencies listed on their platforms, such as Bitcoin, Litecoin, Dogecoin, Cardano, Solana, Ethereum, Ripple and many more.

eToro also offers traditional asset classes such as US and foreign stocks, ETFs, forex and indices which in turn allows you to diversify your portfolio, from a single platform.

Optionally your portfolio on eToro can be managed by their team with the Copy Portfolio feature, or a trader you choose from a list of pro traders.

eToro has a mobile app for iOS/Android app and its website platform for desktop as well.

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com: Growing fast & accessible

Crypto.com is a one-stop-shop for many to buy NEO from. The platform, with 10 million-plus users and 250+ listed cryptocurrencies, is another considerable platform to buy NEO.

The platform strives to provide its users with a safe platform to invest in crypto in a more cost-effective manner. It is so accessible that once your account has been opened and your identity is verified, you can even buy NEO using your debit card.

Crypto.com recently partnered with Visa to launch a Crypto.com Visa card, exclusive to the platform. This card has a list of other features as well, and can actually be used to withdraw amounts from the ATM.  Although, there is an option to use other cards as well. When it comes to the fees involved.

Crypto.com charges a commission of 2.99% to buy NEO with a debit card. As a welcome offer to its new users, the platform waives the commission for the first 30 days. Another interesting feature available on the Crypto.com platform is the availability of the Crypto Earn feature. This allows you to earn interest on crypto idle in your account

It is accessible and easy to use too, offering 100+ digital assets on its platform and also has an NFT marketplace in place.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase: User-friendly and easy to use the platform to buy NEO in 2022

Coinbase has always been known for its user-friendly platform and features. The platform that launched in 2012, allows users to invest in different cryptocurrencies from its platform.

Since its launch, the company has risen to become one of the largest crypto exchanges and is even listed on the NASDAQ. It has been there for a long time and has had a large number of customers (89 million-plus) who trust the platform.

For buying NEO from Coinbase, you need to create an account and register yourself. After that, an ID is required. As and when you have uploaded your ID and created your account, you can pay for NEO via a Visa or a MasterCard deposit.

One of the drawbacks of Coinbase is that buying NEO and any other cryptocurrency through a debit/credit card is quite expensive and amounts to 4%.

While the fees on Coinbase are a little high (use Coinbase Pro for low fees), the security protocols and user-friendly experience make up for it. The platform also offers insurance of up to $250,000 to its users, hence protecting them from unwarranted risks.

One of the many security features on Coinbase is that if and when you tend to log in to your Coinbase account from a different IP address, a verification mail is sent to your registered email to ensure it’s you.

The company goes a step further, and stores 98% of its customers’ funds offline to protect it from theft and unwanted losses. Adding to that, all consumers are required to activate two-factor authentication on their Coinbase account.

Cryptoassets are a highly volatile unregulated investment product.

4. Binance: A cost-effective solution

With over 100 million traders using Binance, it might just be the most popular and widely accepted crypto exchange platform. Binance charges a minimal 0.1% commission making it a highly competitive platform and exchange.

The Binance US website also allows users to gain access to more than 500 digital assets and currencies. This covers a large chain of large-cap cryptocurrencies, as well as smaller tokens and cryptocurrencies.

Adding on, the large range of storage options, the in-app Trust crypto wallet, and more are viable options for every investor that makes Binance a go-to crypto exchange can give you access to the popular decentralized exchange PancakeSwap.

Cryptoassets are a highly volatile unregulated investment product.

What is NEO?

NEO was founded by Do Hengfei and Erik Zhang in China in 2014. Since its inception, it has had a strong market presence, considering the constant comparison with Ethereum.

It started as ANT in 2014 and was finally rebranded as NEO in June 2017. It is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets and smart contracts, which again is similar to Ethereum.

NEO has aimed to automate the management of digital assets with the assistance of smart contracts and eventually build a distributed network-based smart economy system.

NEO describes its Smart Economy System as Digital Assets + Digital identity + Smart contract = Smart Economy.

NEO has the ability to digitize the assets on the blockchain, in an open, decentralized, trustworthy and traceable manner that is free of any intermediaries and their costs.

It supports two crypto coins- NEO and GAS. Moreover, it also supports programming in all mainstream languages including C#, Java, Python, Go and Kotlin allowing a large number of versatile developers to easily contribute to the platform.

NEO Price

The NEO price today is $27 and in 2022 the token appears to have found support at the $20 level based on the NEO price chart.

One concern is that the NEO token’s second bull cycle failed to make a new higher high and the NEO price now is trading below the 2018 ATH. Some investors would consider that an ‘echo bubble’ or ‘exit pump’ and a red flag.

NEO price history 2017 – 2022

However if the NEO price can reclaim $40 and flip that level to support it could move up to retest its former highs.

It would then potentially form a cup and handle pattern which is a bullish pattern.

Price Prediction for NEO in 2022, 2023 & 2024

Neo has been quite proactively working on the functionalities and utility it can provide to its users.

The cryptocurrency has been able to reach an all-time high of $196.85 and its first price was around $0.07. Here are all the details you need to know about the price of NEO and its history:

Going with the history of NEO, the coin has been able to go through various stages of development and evolution in its journey. It has always stuck with its plan to consistently upgrade the protocol to improve usability, security, functionality and decentralization.

NEO certainly took its time to gain some credibility and traction amongst crypto users and enthusiasts. Although, it all paid well as the cryptocurrency entered the list of top 10 cryptocurrencies.

However, the coin faced a steep fall after mid-2021 due to a massive sell-off by its investors.

2022 NEO Crypto Price Prediction

After hitting $140, NEO faced a considerable slump and fell last year to its support price of $25 in July 2021.

It finally regained momentum and reached $66. However, the cryptocurrency didn’t manage to sustain the bullish trend further. NEO further fell to $16 and managed to recover thereon.

The year 2022 seems optimistic for cryptocurrency. With following the USD/NEO trending pattern, it is evident that the NEO price could record a decent recovery in its value.

Further down in 2022, the cryptocurrency is expected to reach the $30 mark as the Pandemic scenario recedes and other cryptocurrencies rise gradually.

NEO Price Prediction Beyond 2022

Going with the trends and how NEO has performed historically, it is evident that the cryptocurrency will digress from its trend in 2023.

As markets and competitors catch up, there’ll be a lot of heat on NEO. Even after all of this though, the extent to which the price of NEO gets impacted wouldn’t be much.

By 2023, NEO is expected to reach a price level of $35 with an average price level of $32. Analysts have pegged the price of NEO at $40 for 2024, with a minimum predicted price of $30. This gives out a good sign about the coin’s consistency and growth.

Should you invest in NEO?

NEO has been able to make a name for itself in the crypto space due to a wide variety of reasons. From its high of $196, the price of the cryptocurrency currently stands at $29 (at the time of writing).

While it has faced steep falls the trends show that consistent efforts by the organisation have allowed the cryptocurrency to stabilize and show signs of growth.

Some observers and experts even believe that due to the strong regulatory compliances, NEO might be able to benefit from the Chinese government’s strong oversight and regulations over cryptocurrencies.

If you’re someone looking to invest in NEO, it is always advisable to research NEO price predictions. The price at which NEO currently stands can be a good time to get in and ‘buy the dip’, or it may go lower. It depends on your personal risk appetite.

Benefits & Features of NEO

NEO has been around for quite some time now. In order to understand the reason behind NEO gaining a large market share, let’s look at a few benefits and features of NEO that makes it stand out from the rest.

Smart Contracts on NEO

Smart contracts on NEO allow the execution of transactions and agreements among different parties without any stringent legal mechanism and governance. The execution of these smart contracts is based on the programming code of the network. The coding further facilitates transparency, traceability and irreversibility of transactions.

Regulatory compliances

NEO has consistently focused on regulatory compliances which helps it maintain a clear distinction from other standard blockchain platforms. The “digital identity” feature of NEO is another added feature.

The digital identity feature by NEO makes it compulsory for every business, individual or other entity to have a unique digital identity that makes it easier to facilitate verification.

GAS Feature

GAS is yet another benefit of the NEO platform. It is NEO’s asset pairing which means the NEO holders will receive GAS. So, as the prices of GAS rise, so will the investment you’ve made in NEO.

Fast infrastructure

It is fast. NEO’s infrastructure allows it to handle up to 1,000 transactions per second when compared with 15 per second on Ethereum.

Risks & Vulnerabilities of NEO

As is the case with any cryptocurrency, NEO has a set of concerns and vulnerabilities attached to it.

Highly Centralized

The NEO blockchain is highly centralised, with the NEO Foundation controlling six out of eight consensus nodes.

Strong ties with China

Strong ties with China might lead to a little bit of Chinese influence. While there hasn’t been a scenario that might lead to this factor impacting users’ investments it might wary many potential investors down the line.

Open-source NEO code

The NEO code is available open-source on GitHub. While this is standard for all blockchain projects, it might pose a threat.

Best Wallets to buy NEO Crypto

After analyzing the NEO cryptocurrency, you need to ascertain the wallet you will be going for, to buy NEO. There are a lot of factors that one needs to consider when choosing their crypto wallet.

Take into consideration, how long the company has been in operation. Look into how they store your data, the security protocols, who will be holding your private keys, etc. Insurance against theft and losses should also be given major importance.

Many wallets out there allow you to invest in a large number of cryptocurrencies and digital assets from their platform. This should take precedence if you’re looking to diversify your portfolio as much as possible.

You must also go through the customer service available for your preferred crypto wallet. Many wallets are known for their not-so-great customer service availability. Hence, go through reviews online and on the company page to read more about their customer service policy.

eToro wallet – Used by many crypto and NFT holders for safety and security

Use the application first-hand. If you’re someone just starting out it makes sense to go for a crypto wallet that is easy to use and has minimal complexities in its interface. Most of the wallets are accessible either through a desktop or mobile application. However, do make sure that the uniform user experience and smooth usage are applicable across all the platforms.

eToro crypto wallet is a go-to wallet for someone who’s just starting out in the world of cryptocurrencies. The wallet’s easy-to-use interface has been designed keeping in mind beginners. It is also available on Android/iOS and desktop as well.

eToro has FINRA membership as well making it regulated and secure. Adding on, in case you forget your private keys, the team at eToro can help you gain access to it as well.

How to buy NEO Crypto – eToro Tutorial

If you’ve finally made up your mind to buy NEO crypto, this step-by-step guide to buying and investing in NEO through eToro can assist you.

Step 1: Open your eToro Account

In order to start investing in NEO, visit the eToro website and start with your account opening process. As you visit the website, a ‘Join now’ button is visible. Click on the button and the registration form is visible, asking you to fill up the details.

Upon clicking on the ‘Create Account’ page, you need to fill in further details like date of birth, residential address and social security number.

Step 2: Upload your ID

To start buying NEO on eToro you need to upload your ID on the platform to verify yourself. This process is automated on the eToro platform, allowing you to complete the process within 1-2 minutes.

For your ID to be verified in one go, it is always recommended to upload a clear picture of your state ID card, passport, or driver’s license. For residential address proof, select from either one of your utility bills or a bank account statement.

Step 3: Deposit your funds

A minimum amount of $10 is required to be added to your eToro account. This will allow you to buy NEO on the platform. There are a number of payment options available, such as Visa, MasterCard and via automated clearing house or ACH.

Digital wallets, such as PayPal and Neteller are also supported. No fees are usually charged on your selected deposit amount, as long as the respective payment type is in US Dollars.

Step 4: Look for NEO in eToro

Once you’ve deposited your amount in your eToro wallet, search for ‘NEO’. Go on to the search box above the eToro dashboard. Click on ‘Trade’ when you see NEO.

Step 5: Buy NEO crypto

Insert the desired amount you want to invest into NEO via eToro. This amount can vary from person to person, starting from $10 & upwards. Click on ‘Open Trade’ to complete your buy order.

Cryptoassets are a highly volatile unregulated investment product.

How to sell NEO Crypto?

Selling NEO can be done easily through your preferred crypto exchange of choice. If you want to sell off NEO, depending on your investment strategy, eToro allows you to do so easily.

eToro keeps your cryptocurrencies in your portfolio till the time you decide to sell. Moreover, storing your cryptocurrencies in eToro doesn’t lead to any extra storage fees. Just visit your portfolio, select NEO and click on ‘Sell order’ to sell your NEO.

This will allow eToro to sell your tokens at the next best available price, eventually adding the proceeds to your linked account.

The Takeaway: Final Words on NEO

Many industry experts have coined the term ‘the next Ethereum’ when it comes to defining NEO and its utility.

NEO certainly seems like a promising cryptocurrency with its ability to support cryptocurrency by providing support to decentralised apps and smart contracts. That has been something Ethereum has been known for. However, it’s the few notable differences in NEO’s way of operating that keep it at par with Ethereum.

Taking up and competing with Ethereum’s capacity issues will be the key here for NEO. While many investors and experts mentioned it to be a “Chinese Ethereum killer”, the slow progress on many fronts makes it a rather dim start for NEO.

You can get more input on what’s a good price to buy NEO at or if NEO is a good investment on eToro as it’s a social trading platform – all users have their own wall and news feed they can post their thoughts on the markets or a particular coin to.

Cryptoassets are a highly volatile unregulated investment product.

Frequently Asked Questions on How To Buy NEO Coin?