Where to Buy NEO in USA – Learn How To Buy NEO Today in 2022
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
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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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.
All these platforms have been thoroughly reviewed by our research team and you’ll come across our detailed analysis as you scroll down.
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.
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.
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.
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.
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.
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
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
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
Cons
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
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
Cons
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.
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
Cons
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.
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.
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.
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.
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.
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.
Click the search tab to enter the token name. Once you do that, the broker will display markets like in the image below.
Choose ‘NEO’ by clicking the ‘Trade’ button next to it. Doing this will take you to the last step in this process.
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.
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.
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.
Brokers are often regulated platforms. In fact, some brokers are licensed by numerous regulators.
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.
Despite the unregulated nature of many cryptocurrency exchanges, some investors still consider these platforms as great places to buy tokens like NEO.
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, eToro is a distinguished broker, not least because it is regulated by the SEC, FCA, ASIC, and CySEC.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
In terms of trading commission, this can either be fixed or based on the transaction amount.
Clearly, eToro has a low fee structure among the brokers mentioned above.
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.
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.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.