How to Buy NEO – Buy NEO in Under 5 Minutes

According to the team behind the project, NEO is looking to integrate payments, assets, and identities all in one network. The protocol also aims to usher in a new generation of the internet. Owing to NEO’s use cases, the network is often referred to as the ‘Chinese version’ of the Ethereum blockchain.

If you want to understand the important aspects concerning how to buy NEO, read this guide to complete the investment process in minutes.

#1 Broker to Buy NEO – eToro

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How to Buy NEO – Choose a Broker

NEO has spent over six years in the cryptocurrency industry. Therefore, when you want to buy the token, you’ll likely find it listed on many investment platforms. Nonetheless, it’s crucial to only choose the best broker for purchasing the coin.

Here’s a list of the top brokers in which you can buy NEO safely and with low fees.

  • eToro – Overall Best Place to Buy NEO
  • Binance – Large Exchange to Buy NEO for Asset Diversification
  • OKEx – Buy NEO via Crypto Deposits
  • Capital.com – Utilize Leverage For NEO Trades

All these platforms have been thoroughly reviewed by our research team and you’ll come across our detailed analysis as you scroll down.

How to Invest in NEO – A Quick Guide

For those with some experience in purchasing digital tokens, you’ll find it easy to buy NEO. With the steps below, you can buy the token within five minutes.

Using a low-cost and heavily regulated broker like eToro, here are the steps you need to follow.

  • Step 1: Open an Account on eToro – Head over to the broker’s website to create an account. You’ll have to fill in some personal details while completing this step.
  • Step 2: Upload ID – A broker such as eToro enjoys heavy regulation from four financial bodies. Additionally, the platform is registered with FINRA. Essentially, you cannot buy NEO on this broker anonymously. Therefore, you have to provide a valid ID to proceed.
  • Step 3: Add Funds – Make a deposit in line with the minimum required amount. On eToro, this amount is $200 ($50 for US clients).
  • Step 4: Search for NEO – Enter ‘NEO’ into the search box. Once the broker displays the token, click on ‘Trade’ to enter the next page.
  • Step 5: Buy NEO – You’ll need to enter your NEO stake into the appropriate box on the order page. Then, open your trade and wait for the broker to add the NEO tokens to your portfolio – which should happen within seconds.

Notably, eToro has a simple user interface. So, you can navigate all the steps above conveniently and complete the investment process with ease.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Where to Buy NEO – Full Broker Reviews

Important considerations to make when searching for how to buy NEO should include the broker you’ll use. Choosing an investment platform can be challenging since hundreds of brokers operate in the cryptocurrency industry. Therefore, you’ll want to carefully assess various brokers before deicing on the best platform to utilize.

Below are the best NEO brokers that passed our assessment — based on user-friendliness, credibility, fee policy, regulation, and more.

1. eToro – Overall Best Place to Buy NEO

bitcoin today

If you conduct a brief survey of the cryptocurrency industry, you’ll find eToro as one of the best brokers to buy NEO. An important factor that distinguishes the broker is its high regard for the security of funds. eToro is licensed by different regulators – including the FCA and the SEC. Owing to this heavy regulation, the broker mandatorily must operate in a transparent manner and with no hidden fees — which is a great perk for beginners.

If you’re a US client looking to buy NEO using this broker, you’ll have to make a minimum deposit of $50. Otherwise, the minimum amount you need to add is $200. Following this deposit, you can search for NEO and proceed to the broker’s order page to buy the token from as little as $25. Therefore, suppose you’re on a budget, this broker fits the bill since it allows you to buy NEO with an inconsequential amount of money.

etoro crypto

After purchasing NEO tokens, you can take advantage of the broker’s secure storage facility to keep the coins safe. We consider this a great feature because the wallet makes it convenient to sell your tokens when the time’s right. To cash out your investment, you only need to visit your portfolio and instruct the broker to sell the tokens. Essentially, this makes eToro an all-in-one platform that’s highly suitable for newbies.

Concerning investment tools, this broker offers you a number of features that you can leverage to navigate the markets easily. First, the broker offers you the copy trading tool, through which eToro replicates the positions of a chosen investor in your portfolio. Secondly, you can learn more about NEO by utilizing the educational resources provided by the broker. You can also interact with other traders on a social platform with millions of active users.

etoro copy trading

Notably, you might be curious about the fee policy of this platform. Concerning that, eToro is a broker that charges the spread as opposed to trading commissions. At eToro, cryptocurrency spreads start from just 0.75% – which makes the broker very competitive. Additionally, adding funds to your account attracts a fee of just 0.5% (free for US investors). This is the case across all supported payment methods – including debit/credit cards, e-wallets, and bank transfers.

Pros

  • Incur only the spread when you buy crypto
  • $25 minimum investment per trade
  • Payment options include e-wallets, debit/credit cards, and bank wire
  • Registered with FINRA/SEC and regulated by the FCA, CySEC, and ASIC
  • 20 million+ users
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Pro traders might consider the platform too basic
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Binance – Large Exchange to Buy NEO for Asset Diversification

Binance continues to dominate the cryptocurrency scene in terms of trading volume. The exchange witnesses billions of dollars in daily trades, making the platform the largest in this regard. We find that this is one of the best places you can buy NEO, not least because the platform has great security measures to keep users’ funds safe.

First, Binance stores the vast bulk of user tokens offline for added protection. Additionally, you’ll need to undergo a two-factor verification step before you can access your account or process a withdrawal. Notably, to buy NEO through Binance, you must first purchase USDT. Following that, you’ll then exchange the USDT tokens for NEO.

binance review

In terms of fees, it’s crucial to note that your region determines whether you’ll incur low or high fees on this platform. For instance, US clients will pay just a 0.5% fee on debit/credit card transactions while users from some other regions might pay up to 4%. The same also applies to the number of markets you can access — as US clients can only buy 50+ tokens as opposed to the 100+ available to other users.

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit card
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both beginners and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider

3. OKEx – Buy NEO via Crypto Deposits

OKEx homepage

Many investors elect to make crypto deposits when buying a new token. If you would like to go through this method in the process of buying NEO, OKEX is an exchange worthy of consideration. Here, you can transfer some tokens — such as BTC or USDT — over from another wallet. Then, you can proceed to perform a crypto-to-crypto exchange at a 0.10% commission rate, which we consider very low.

Additionally, another advantage of utilizing crypto deposits is that you don’t have to complete the KYC step of the exchange. Although limits apply, being able to skip this step makes your investment process faster. Furthermore, OKEx also allows you to utilize less popular tokens for the crypto-to-crypto exchange. However, in this case, you’ll first need to exchange such a token for a coin like BTC or USDT before proceeding to buy NEO.

The exchange also offers margin trading, which is a common feature that many pro investors leverage to make substantial earnings in the market. On OKEx, you can apply up to 1:20 leverage, meaning you can open a $2,000 position with $100. Notably, although this tool allows you to open positions with more than you have in your account, it can also be a fast route to accumulate losses. Nonetheless, OKEx offers you a custodial wallet to store your token after purchasing them.

Pros

  • Credible digital tokens exchange with 20 million+ clients
  • 400+ digital token pairs
  • Supported payment methods include debit/credit card and bank wire
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation and super secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products are too complex for beginners

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Capital.com – Utilize Leverage For NEO Trades

capital.com review

With more than 200 supported cryptocurrency markets, Capital.com is one of the best places to give you access to NEO in a diversified manner. Some of the other tokens supported on the broker include Ethereum, Bitcoin Cash, Litecoin, Ripple, and more. This broker is most suitable if you intend to buy NEO CFDs in the short term.

This is because, when you open positions on this broker, you do so based on the token’s value as opposed to owning the coin — making it seamless to close the trade when the time’s right. Therefore, as a short-term trader looking to take advantage of crypto market fluctuations, this broker is a great pick. Additionally, Capital.com is regulated by the FCA, CySEC, and ASIC, making the broker a credible option when considering where to gain access to NEO.

capital.com review

Nevertheless, despite the somewhat sophisticated form of trading this broker offers, you can conveniently navigate your way owing to the platform’s simple interface. The broker also offers you leverage to increase your purchasing ability when entering the NEO market. We also find it notable that the broker allows you to go long and short, which are features you might not find on other platforms.

In terms of its fee structure, Capital.com scores really well here — as you pay no commission when using this broker. Once you add a $20 minimum amount (for debit/credit cards) or $250 (wire transfer) to your account, you can proceed to enter the NEO markets. You’ll also gain access to training guides and online courses that you can utilize to have a more thorough understanding of the NEO project.

Pros

  • Highly-rated spread betting and CFD broker
  • Licensed by the Financial Conduct Authority
  • $20 minimum deposit requirement (debit/credit cards and e-wallets)
  • All supported markets are tradeable at 0%
  • Tight spread and no deposit/withdrawal fees
  • 4000+ markets supported
  • Suitable for early-stage investors

Cons

  • The platform might appear too basic for pro traders
  • Minimum deposit of $250 on bank transfers
  • Not available in the US

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

How to Buy NEO – Detailed & Explained in Full

The process of buying NEO is straightforward, depending on your experience in the cryptocurrency industry. If you’re not satisfied with the quick walkthrough provided earlier, we have explained the process of buying the token in a more detailed manner below.

Step 1: Open an eToro Account

As earlier established, this process starts with visiting the broker’s website. Find the ‘Join Now’ button and click on it to initiate your registration.

how to join etoro

Provide the details required by eToro, such as your email address, social security number, and more. After that, answer all other questions the broker will ask and move on to the next step.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Provide ID

Regulated brokers such as eToro have to ensure that all users complete a KYC process. This is to comply with the requirements of anti-money laundering regulations.

To complete this step, eToro requires that you validate your identity and home address. For the former, you can use your passport while your utility bill will suffice for the latter.

Step 3: Add Funds

According to eToro’s policy, you’ll have to deposit $200 into your account ($50 for US clients).

For this purpose, you can use your debit/credit card for swift payments. eToro also allows you to make payments through e-wallets such as Paypal. You can also use bank wire if you’re willing to wait a few days for the funds to arrive.

Step 4: Search for NEO

Click the search tab to enter the token name. Once you do that, the broker will display markets like in the image below.

buy neo

Choose ‘NEO’ by clicking the ‘Trade’ button next to it. Doing this will take you to the last step in this process.

Step 5: Buy NEO

On the order page, you’ll have to enter your NEO stake. You can do this conveniently by adjusting the box to reflect the amount you want.

brymo neo

Once you’ve decided on your stake, the next thing is to open your trade. Following that, the broker will add the NEO tokens you bought to your portfolio.

Buy NEO – Best Place to Buy NEO

The cryptocurrency industry continues to increase in size each and every day. In the same manner, there are numerous service providers offering access to the NEO token. However, they can all be categorized as brokers or exchanges. In this part of the guide, you’ll be shown the differences between these two options.

Online Cryptocurrency Broker

Brokers are often regulated platforms. In fact, some brokers are licensed by numerous regulators.

  • As such, these brokers are better positioned to offer security over funds, which is a great feature to consider.
  • Additionally, buying NEO from a broker means you’re purchasing the token directly from the platform. This eliminates the need to trade with other people in determining the best price to choose.
  • Furthermore, regulated brokers such as eToro make their fee policy open. This means that users do not incur any hidden fees.

These are important reasons why you might want to consider a broker. In even better news, eToro has an in-built wallet for you to safely keep your NEO tokens.

Cryptocurrency Exchange

Despite the unregulated nature of many cryptocurrency exchanges, some investors still consider these platforms as great places to buy tokens like NEO.

  • The first factor that investors consider appealing with exchanges is the fee structure. Some of the platforms offer low commissions, making them cost-effective when buying NEO.
  • Additionally, if you want to trade anonymously, most of these exchanges fit the bill. Since they are not licensed by reputable financial bodies, they do not require users to complete a KYC step.

For investors looking for the highlighted features above, cryptocurrency exchanges are great options.

buy neo

However, the most important consideration for you as a beginner is the security of your funds. In terms of this, eToro is a distinguished broker, not least because it is regulated by the SEC, FCA, ASIC, and CySEC.

Ways to Buy NEO

If you want to buy NEO, you can choose any of the available payment options offered by your chosen broker. In most cases, the payment methods below are the options you’ll find on a platform.

Buy NEO With Debit Card

If you want to make payments in a fast manner, you should consider using your debit/credit card. For using this service, eToro will charge you a 0.5% fee (free for US clients). However, Coinmama will charge you a 5% fee for using the same payment method. As such, this disparity in fees means that you should check what debit card charges apply before you sign up with a broker.

Buy NEO with Debit Card Now

Buy NEO With Credit Card

You can also decide to use your credit card to buy NEO. Simply consider whether the platform you’re choosing supports this payment option. For instance, eToro does support the use of credit cards and you’ll be charged a fee of just 0.5% (free for US clients) for the service.

Buy NEO With Credit Card Now

Buy NEO With Paypal

A broker like eToro supports using Paypal to buy NEO tokens. Some other e-wallet options you can use include Skrill, Neteller, and more. eToro will also charge a 0.5% fee for using Paypal.

Buy NEO With Paypal Now

Buy NEO With Bitcoin

With some exchanges, when you want to buy NEO, you’ll have to use another token to purchase the coin. For instance, if you’re trading the NEO/BTC market, this means you’ll need to use Bitcoin to buy NEO. All you have to do is to first deposit some Bitcoin tokens into your account and then proceed to make the swap.

Buy NEO Now

Why Buy NEO?

You might be unsure about whether to buy the NEO token or otherwise. If you find yourself in this situation, you’ll want to consider the market performance of the project, historical data, the potential of the token, and more.

Here, we discuss some of the features that might drive the token’s value in the market.

Earn Passively

An impressive feature that investors consider when choosing a platform is whether they can make some earnings on their tokens. In this regard, NEO might be a project to consider. First, buying NEO tokens provides you with GAS — another coin of the protocol.

buy neo

When you hold GAS, you gain access to various opportunities for you to earn rewards. Furthermore, this token is useful for developers when completing transactions, indicating the importance of the GAS token to the NEO network. These are just some of the use cases of the coin, making the GAS token an effective way to drive more traction to NEO.

Established Project

NEO has been operative since 2014 as opposed to most of the 12,000 tokens listed on CoinMarketCap, which were launched within the past two years.

Consequently, the project has achieved a notable presence in the digital tokens market. Additionally, this also means you can conveniently assess the token’s market performance to determine whether the project is viable for your investment portfolio.

Community Support

Owing to the use cases of the NEO and GAS tokens, the network has attracted an active community of users. Asides from providing users with earning opportunities, the network also allows token holders to contribute to key issues affecting the network.

This is a crucial factor that some investors will consider when assessing the NEO project. After all, a network where you are a stakeholder in the decision-making process is better than one that doesn’t regard your contribution. Therefore, if you care about a token’s community structure, NEO might be on the list of coins you want to assess.

On The Regulator’s Side

One of the key factors that distinguish NEO in the marketplace is that the protocol was designed to be regulator-friendly. While this seems unusual for a token emanating from China, this factor is one that might impact the network’s value since the protocol is approved by relevant domestic bodies.

buy neo

Over time, the network has supported users to transact in a safe environment that’s devoid of regulatory challenges. The network also leverages a feature called ‘digital identity’ to verify users before granting them access to the platform. As such, if you want a project that enjoys the approval of regulators, NEO does fit the bill.

The Cost of Buying NEO

As a smart investor, you’ll want to understand the costs you’ll incur when buying NEO. Once you know about these costs, you’ll be able to properly estimate your potential returns. To help you out, below we have discussed all you need to know about the cost of buying NEO.

Deposit Fees

Investment platforms often require that you deposit a certain amount into your account before you’re allowed to buy NEO. On eToro, the minimum amount is $200 ($50 for US clients).

When adding the funds to your account, eToro will only charge you a 0.5% fee (free for US clients). This is low in comparison to Coinbase, which charges nearly 4% when you make deposits via debit/credit cards.

Instant Buy

Some platforms offer the ‘instant buy’ feature for investors looking to buy NEO through their debit/credit card in a quick manner. If you’re entering the NEO market using eToro, you’ll only be charged a 0.5% fee (free for US clients), which is notably low in comparison to the 5% fee that Coinmama charges on debit/credits.

Commissions

In terms of trading commission, this can either be fixed or based on the transaction amount.

  • For a broker like Coinbase, there’s a standard trading commission of 1.49%.
  • On the flip side, eToro is a spread-only broker. This means you only incur the spread when buying NEO. Notably, the spread starts at just 0.75% when trading cryptocurrencies on this platform.

Clearly, eToro has a low fee structure among the brokers mentioned above.

How to Sell NEO

Selling your NEO tokens is the easiest process among all the steps that have been discussed in this guide. However, this process might be complicated depending on the broker you choose.

This is why we would suggest eToro as the most suitable broker — since the platform offers you a personal wallet service to store your coins safely. Once you’re ready to sell the tokens, all you have to do is to instruct the broker from within your portfolio.

How to Buy NEO – Conclusion

In summary, this guide has carefully explained all the aspects relevant to buying NEO tokens. First, you’ll need to choose the right broker to ensure your NEO investment is safe. eToro is a suitable broker based on this metric — as the platform is heavily regulated and offers super-low fees.

At eToro, you can buy NEO from just $25 after you add the minimum required funds to your account. To do this, the broker offers you several payment methods including e-wallets and debit/credit cards.

eToro – Best Broker Buy NEO

etoro review

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

FAQ

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.