Cryptocurrency Networks With Neo Coin Wallet

neo coin wallet

NEO which was formerly known as Antshares is a smart economy platform and also happens to be the first Chinese blockchain project. NEO project was a real time open source on GitHub till June 2015 after the project was established in 2014. The aim of NEO coin and its platform is to develop a smart economy that has a network which is been distributed by using the blockchain technology and digital identity to digitalize assets and automatically managing digital assets using smart contracts.

Currently, NEO coin is been traded on so many cryptocurrency exchange platforms such as Binance, Coinbase, Bittrex, Cryptopia and others. NEO coin project have been developing rapidly striking deal of cooperation with other well established blockchain start-ups such as Agrello, Bancor and Coindash. Some time ago, Red Pulse, the Chinese blockchain start-up made an announcement of their platform where financial research can be carried out which will be built on the system of smart contracts NEO 2.0. Just like other major global digital coins, NEO cryptocurrency has lots of qualities such as:

  1. Having a cryptographic method of network encryption
  2. A decentralization of systems, which simply mean that there is no single control centre, all blockchain system works as a peer to peer network.
  3. It has limit in number- this means that the total coin you can extract on NEO is 100 million. You should also note that at the moment miners can only manage to get half of their specified number.
  4. It has no control by the state.

Crypto users worldwide are already familiar with all this features which are also applicable to other crypto coins in the cryptocurrency market.

NEO Coin Wallets

The NEO cryptocurrency happens to support different types of crypto wallets such as the following:

  1. Mobile wallet
  2. Desktop wallet
  3. Cold wallet
  4. Hot wallet
  5. Paper wallet

Please take note that before you buy the NEO tokens, you are advised to first create a wallet for NEO, either Ledger, Nano S, some official wallets like the NEON wallet, NEO-CLI, NEO-GUI, NEO wallet, etc.

How To Buy NEO Coin

To buy NEO coin, there are ways you can buy it, either you buy from someone who has NEO coin to sell or you buy from an online NEO coin exchanger. There are three world class online exchangers we will recommend to you for a safer transaction, they are:

  1. Coinbase
  2. Binance
  3. Kucoin

 

Coinbase:

Coinbase is a global digital currency asset and exchange company that provides a platform to buy and sell all kinds of digital currencies worldwide. Coinbase as well sends all necessary information about your transactions to block chain network so that it can be verified.

Coinbase also serves as a wallet where all your digital currencies can be safely stored. In their platform, they exchange different types of cryptocurrencies such as Ethereum, Litecoin, Bitcoin, NEO coin and also other fiat currencies in over 70 countries.

Coinbase has over 30 million customer base and has facilitated the exchange of digital currencies worth over 50 billion dollars since its establishment in 2012. So if you are interested in buying NEO coin or trading in digital currencies in today’s digital world, then we recommend you sign up with Coinbase.

When buying and selling cryptocurrencies, Coinbase expects you to link your bank account or debit or credit card (whichever you prefer) to your account with Coinbase to be able to buy cryptocurrencies. To use a bank account in Coinbase enables you to have higher limit which is $100 per transaction and $2, 500 per week, but the disadvantage is that it takes long to verify such transactions, so you will definitely see your money between two to four days in your Coinbase wallet depending on your bank. But for those who want to sell digital currencies, once you have confirmed the sales, it will also take between two to four days for your proceeds to reflect in your bank.

For those with debit or credit cards on their Coinbase wallet, a lower limit of $200 per week is given, though you can still buy cryptocurrencies by transferring money from your bank to the Coinbase web portal and your bitcoin will show up in your Coinbase wallet instantly.

Binance:

Binance is a cryptocurrency trading platform which offers the most competitive crypto rate in the world. Binance accepts users all over the world and they have received lots of positive reviews from cryptocurrency traders. Recently, they have partnered with top Israel based Payment Company called Simplex to enable credit card buying of cryptocurrencies at a premium.

Binance was founded by Changpeng Zhao and launched on July 2017. Their operation consist of crypto to crypto exchange which means that they don’t facilitate fiat currencies. Their partnership with Simplex will allow them to run brokerage services that will enables you to buy up to 6 different cryptos with your credit card and a service fee of 3.5% will be charged by them.

Binance only accepts crypto deposit in their platform, meaning that you can transfer your NEO coin from Coinbase to Binance. Note that all the coins that are supported by Binance can be deposited and withdrawn at any time. The platform enables you to buy the below cryptos with your credit card:

  • Ripple (XRP)
  • Ethereum (ETH)
  • bitcoin (BTC)
  • Binance coin (BNB)
  • Bitcoin cash (BCH)
  • Litecoin (LTC)

 

Kucoin:

Kucoin is known as one of the best and fastest growing crypto exchange in the world. Also known as the people’s exchange, it is very simple and easy to use for first time investors, and for advanced users who love cryptocurrencies. They have whole lot of altcoin on their platform and are also adding more on a regular bases. Kucoin’s objective is to offer low fee for both withdrawing and trading. Zero deposit fee and their trading fees are only 0.1 percent on whatever you purchase making it very affordable to use their platform.

To ensure you get good trading experience, whether you are buying or selling NEO coin, we recommend you register with the above mentioned exchange (Coinbase, Binance and Kucoin) for safer transactions.

Why You Should Buy NEO Coin Now

As at march 2018, the NEO cryptocurrency coin is valued at $130 and happens to be the top ten largest cryptocurrency by the market capitalization with a market valuation of about $8 billion. The NEO GAS token on the other hand is valued at $39 and its market capitalization is about $400 million. With all the advantages NEO crypto has over others, it will be a very profitable coin to hold for the future.

Leave a Reply

Your email address will not be published. Required fields are marked *