Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Neo, and is trustworthy!
You can find our top 3 exchanges for buying Neo here, alternatively you can also check our comparison of the best Australian crypto trading platforms if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Neo
And of course, the final step is to find Neo on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Neo (NEO)
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How to Sell Neo
- Sign into the exchange
- Find where you stored your Neo, either on a hardware wallet or on the exchange.
- Transfer your Neo to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Neo.
Considerations when looking to buy Neo.
Neo describes itself as an "acceleratingly growing and developing ecosystem" that aims to become the foundation of the next generation internet. This new economy will see digitized assets, payments, and identities come together.
This project, originally known as Antshares was the first Chinese public blockchain. It was launched in February 2014. Three years later, Neo was adopted as the new name for the open-source platform.
The project created a global community of developers to create new infrastructure and lower barriers to entry. Additionally, the EcoBoost initiative was launched by the team behind the project to encourage others to build decentralized apps on the blockchain.
It has been compared to the Chinese version the Ethereum network.
The Neo blockchain's continuous development is one of its unique selling points. This allows it to be futureproof and can handle sudden increases in demand. Neo 3.0 has been developed by the Neo project, which enhances network security and allows for more transactions per second.
This network has two native tokens, NEO and GAS. It is different from other blockchains. NEO is an investment token that allows users to vote on improvements to the blockchain. GAS is used for fees to cover transactions completed on the network.
Neo is the only blockchain project to have a development fund. EcoBoost was launched in 2019 and is billed as an initiative that offers "full life cycle support for high-potential project" -- which includes grants, technical support, and promotion on social networks.