Among several altcoins that launched with tons of unique selling points, neo remains one of the strongest contenders. This is one of the strongest reasons people buy NEO. Originating in China as Antshares, this project quickly gained popularity and support after rebranding to neo. There is a worldwide community of blockchain developers behind the success of neo.
But its ever-growing ecosystem and objective of becoming the next generation of the internet have led NEO to where it stands now. Crypto enthusiasts have given neo a popular nickname, "Chinese Ethereum," due to
Before we get into how to purchase NEO, it is imperative to know its risks. When it comes to buying any altcoin, the first concern is its unstable price. Crypto volatile prices could fall or rise whenever, making it difficult and quite unprofitable at times. Therefore, before making any crypto purchase online, make sure to check what is driving its price rather than simply buying the dip.
Here’s what usually drives the price of an altcoin like neo:
There are several other market-related reasons behind NEO price movements that you need to consider instead of choosing to buy neo instantly.
Buying NEO is easy for those who have either done it before or already know the correct procedure. But when it comes to safety, many would flinch before proceeding to buy neo online with credit card. One of the safest answers to how to buy neo requires:
Since all cryptocurrencies are highly sensitive assets that could be stolen or hacked if not protected, a hardware wallet helps secure them. A neo hardware wallet will protect your private keys without storing your actual tokens.
But since NEO is a popular crypto asset, one can easily buy it using either a debit card or a credit card, as described below.
There are far too many dos and don’ts to buying a cryptocurrency using a debit card. And yet, countless people choose to buy their favorite crypto, such as neo, with debit card. So before you buy neo with debit card, it’s important to know how to do it safely. We have shared a few tips to lead you down the right path:
After making the purchase, you need to store your NEO tokens safely in a neo-supported hardware wallet.
Now you must be wondering whether one can buy neo with credit card or not, and the answer is yes. These days, buying cryptocurrencies using international credit cards has become quite common thanks to the growing popularity of cryptocurrencies. To buy neo with credit card instantly, you need to take the risk of trusting a third-party platform that facilitates the exchange of money for crypto.
But in order to do this, you need to make sure that your credit card issuer allows cryptographic purchases online. Otherwise, the purchase might fail, and you would be penalized for going against the terms and conditions. Furthermore, you must also pick a crypto platform that lists neo and has active markets for this crypto to proceed with the purchase comfortably.
Since NEO is relatively cheaper than ETH, it’s a popular choice to buy using credit or debit cards.