Where to Buy NEO in USA – Learn How To Buy NEO Today in 2023
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
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.
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#1 Broker to Buy NEO – XTB
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Where to Buy NEO in USA – Overview of the 4 Best Brokers
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.
- XTB – 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 in USA – 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 XTB, here are the steps you need to follow.
- Step 1: Open an Account on XTB – 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 XTB 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 XTB, 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, XTB 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. Proceed at your own risk.
Where to Buy NEO in USA – 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. Binance – Large Exchange to Buy NEO in the US 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.
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
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
2. OKEx – Buy NEO in the US via Crypto Deposits
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
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
3. Capital.com – Utilize Leverage For NEO Trades
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.
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.
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 XTB 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, XTB 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.
However, the most important consideration for you as a beginner is the security of your funds. In terms of this, XTB 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, XTB 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 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, XTB 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 Paypal
A broker like XTB supports using Paypal to buy NEO tokens. Some other e-wallet options you can use include Skrill, Neteller, and more. XTB will also charge a 0.5% fee for using Paypal.
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.
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.
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.
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 XTB, the minimum amount is $200 ($50 for US clients).
When adding the funds to your account, XTB, 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 XTB, 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, XTB 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, XTB 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 XTB 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 & Where to Buy NEO in USA – 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. XTB is a suitable broker based on this metric — as the platform is heavily regulated and offers super-low fees.
At XTB, 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.
XTB – Best Broker Buy NEO
Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.
FAQ
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