Buy NEO UK – How To Buy NEO In The UK In Under 5 Minutes!

Often dubbed as an ‘Ethereum Killer” – NEO is a blockchain project that was founded in China. First founded in 2014, the NEO blockchain not only offers fast and cheap transactions – but it can also facilitate smart contracts.

In this guide, we walk you through the process of how to buy NEO in the UK. We also discuss the best brokers to consider when investing in NEO and what risks and rewards to think about before proceeding.

#1 Broker to Buy NEO – eToro

How To Buy NEO UK – Choose a Broker

Below you will find a selection of the best brokers that allow you to buy NEO in the UK. Each broker has a great reputation in the digital currency marketplace and all support debit/credit card payments.

• eToro – Overall Best Broker to Buy NEO UK
• OKEx – Best Low-Cost Broker to Buy NEO UK via a Crypto Deposit
• Binance – Best Broker to Buy NEO for Asset Diversity

We review all of the above crypto brokers further down in this guide on how to buy NEO in the UK.

How to Buy NEO in the UK – A Quick Guide For 2021

If you want to bypass our detailed guide and instead learn how to buy NEO in the UK right now – follow the steps outlined below!

• Step 1: Open an Account with eToro – We found that the best broker allowing you to buy NEO in the UK is eToro – as the platform is regulated, easy to use, and offers low fees. As such, head over to eToro and open an account – which should take you no more than a couple of minutes.
• Step 2: Upload Your ID – Upload a copy of your passport or driver’s to prove your identity. You’ll also need a copy of a utility bill or bank account statement for your proof of address. Not depositing more than $2,250 (about £1,600) right now? If so, you can skip this step and come back to it at a later date.
• Step 3: Deposit Funds – You will now be instructed to add some funds to your eToro account. Choose from a bank transfer, debit/credit card, or an e-wallet like Paypal.
• Step 4: Buy NEO – With your eToro account funded, search for NEO and click the ‘Trade’ button. Enter your investment amount and click on the ‘Open Trade’ button to finalize your buy order.

And that’s it – you’ve just learned how to buy NEO in the UK! There is no need to withdraw your NEO coins to a private crypto wallet, as eToro will store them safely on your behalf. This means you can view the performance of your NEO investment at any time.

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 in the UK

If this is your first time investing in digital assets online – then you should know that choosing the right crypto broker is crucial. This is no different from spending time researching the best stock broker to buy shares from. In the case of cryptocurrencies – the best brokers are regulated, supports lots of payment methods, and allow you to invest in a low-cost environment.

Don’t have time to research NEO brokers yourself? If this is the case, below we review the best brokers that allow you to buy NEO in the UK.

1. eToro – Overall Best Broker to Buy NEO UK

NEO – like all financial instruments, should only be purchased from a safe and regulated broker. In this respect – there is no better option than eToro when thinking about the best place to buy NEO in the UK. This is because the broker has an excellent reputation globally – with more than 20 million people using the platform to invest and trade. Most importantly, eToro is authorized and regulated by the Financial Conduct Authorty (FCA).

As an added layer of security, eToro is also regulated by bodies in Australia and CySEC – and registered with the SEC and FINRA in the USA. Now that’s safety taken care of – we can move on to fees. Crucially, eToro allows you to buy NEO in the UK on a ‘spread-only’ basis. For those unaware of this term, this simply means that you won’t pay any commission. Instead, your investment cost is dictated by the difference between the buy and sell price of NEO. At eToro, the spread on cryptocurrency purchases starts at a very competitive 0.75%.

When it comes to depositing funds, the average fee on debit/credit card payments in the cryptocurrency industry is 5%. However, at eToro, you will only need to pay 0.5%. This is also the case when funding your account with Paypal, Skrill, Neteller, or a UK bank transfer. What we also like about eToro is that the platform is really simple to use. It’s perfect for beginners – especially when you consider that the minimum NEO investment at eToro is just $25 per stake – which is about £18.

You won’t be restricted to just NEO tokens when you open an account at eToro. On the contrary, you’ll have access to 25 other digital currencies. This is inclusive of Uniswap, Bitcoin, XRP, Ethereum, Cardano, Decentraland, AAVE, Litecoin, Dash, and more. We should also point you in the direction of eToro CopyPortfolios and its Copy Trading tool. The latter allows you to copy other eToro account holders that use the platform to trade and invest. The former is a professionally managed portfolio that gives you access to a wide variety of digital currencies.

If in addition to NEO and alternative digital tokens, if you are interested in other asset classes – eToro once again has you covered. For example, you’ll find tradable markets on energies, precious metals, indices, and forex. You can also choose from thousands of shares and ETFs from 17 UK and international marketplaces – all on a 0% commission basis. To get started with eToro right now – you can open an account online or via the Android/iOS mobile app.

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.

2. OKEx – Best Low-Cost Broker to Buy NEO UK via a Crypto Deposit

The next option to consider is OKEx. This provider is very popular with cryptocurrency traders – not least because it offers over 400+ pairs. Furthermore, trading fees are extremely low here – as you will pay just 0.10% per slide. Although OKEx offers debit/credit card and bank account deposits – it doesn’t offer a direct route to NEO. Instead, you would be required to buy an alternative digital asset like Bitcoin and then exchange it into NEO tokens.

This is why you might consider using OKEx if you already own a cryptocurrency and you have the tokens stored in a private wallet. If this is the case, you can swap the coins into NEO without even needing to provide OKEx with any personal information. No ID documents are required either – as you are not paying for your NEO investment with ‘fiat’ money. Instead, all you need to do is enter your email address, choose a strong password, and then transfer your digital assets into your OKEx wallet.

In doing so, you can then instantly buy NEO. Once you have executed the swap, you can then withdraw your tokens to a suitable NEO wallet. On the other hand, if you keep your NEO tokens on the OKEx platform – you can actually earn interest. At the time of writing, OKEx is offering 2.39% on its NEO savings account. You don’t need to lock the NEO tokens up for a minimum period either, as you can withdraw them any time you wish. Ultimately, this allows you to earn on two fronts – both in terms of a potential increase in the value of NEO and regular interest payments.

Pros

Cons

at eToro, UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

 

3. Binance – Best Broker to Buy NEO for Asset Diversity

The third option that you have when thinking about how to buy NEO in the UK is Binance. This platform allows you to deposit funds with fiat money or cryptocurrency. If opting for the latter, then you don’t need to provide any personal information when you open your account. You can simply transfer your crypto from an external wallet and then proceed to swap it into NEO.

The fees charged by Binance for a crypto-to-crypto trade is just 0.10%. If you want to buy NEO with a debit/credit card, then the process is the same as OKEx. That is to say, you can’t purchase NEO directly with your payment card – so you will need to buy an alternative digital asset like Tether. Then, you can exchange the token into NEO. Using a debit or credit card at Binance costs 1.8% in fees. Bank transfers are free, but at the time of writing, Binance has temporarily suspended this payment method.

Nevertheless, in terms of reputation, Binance is the largest cryptocurrency exchange globally – with more than 100 million traders on its books. It also attracts the largest trading volume – which is rarely less than $10 billion per day. Binance offers several core features that you might consider using – which includes cryptocurrency savings accounts. There is also a Binance debit card issued by Visa – which allows you to spend your digital currency in the real world. Binance also offers the Trust Wallet – which allows you to store your NEO tokens via an Android/iOS app.

Pros

Cons

at eToro, UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

 

How to Buy NEO in the UK – Detailed & Explained in Full

In the earlier sections of this page, we ran you through a condensed guide on how to buy NEO in the UK. With that said, this likely won’t be sufficient for those of you that are new to cryptocurrencies. Therefore, we are now going to show you how to buy NEO in the UK step-by-step with eToro.

To recap, eToro is the best broker offering NEO in the UK as it is FCA-regulated, offers super-low fees, and is really simple to use.

Recommended Broker Buy now CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider. Recommended Broker Buy now CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider. Recommended Broker Buy now CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital. Rating 5.0 4.5 4.3 Mobile App Rating 1/10 10/10 9/10 Features Mobile App Wallet Number of Coins 31 10 14 Fees Trading Fees Spreads Commission N/A Deposit Fees N/A $0 N/A Withdrawal Fees 5 USD $0 N/A Extras Regulated N/A Yes CBI and MiFID in Europe Min. Deposit 50$ $20 $100 Leveraged Trading N/A Yes 1:2 for cryptocurrencies Latest Prices (per Coin) Bitcoin $62206.49 $62262.47 $62417.97 Ethereum $3869.52 $3801.17 $3810.66 XRP $1.11 $1.09 $1.10 Tether $1.00 N/A N/A Litecoin $191.43 N/A $188.99 Bitcoin Cash $624.48 N/A $620.50 Chainlink $25.86 N/A $26.25 Cardano $2.19 $2.12 N/A IOTA $1.21 N/A $1.18 Binance Coin $502.67 $578.23 N/A Stellar $0.38 $0.37 $0.38 EOS $4.59 N/A $4.53 Payment methods Credit Card Paypal Sepa Transfer Skrill Sofort Giropay Neteller

Step 1: Open a Crypto Broker Account

Opening an account at eToro is not like registering at a traditional stock broker – as the platform makes it quick and easy. In fact, all you need to do is click on the ‘Join Now’ button and enter some personal details. This will include the likes of your full name, address, and date of birth.

You will also need to provide some contact information – such as your email address and mobile number. And that’s it – you’ve just opened your eToro account!

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: Verify Your Identity

Although you don’t need to verify your identity right now (on the proviso you are not depositing more than $2,250), we would suggest quickly getting it out of the way. This is because the KYC (Know Your Customer) process needs to be completed before you are able to withdraw funds out of eToro.

Fortunately, all you need to do is provide the following two documents –

• Passport or driver’s license
• Utility bill or bank account statement (issued within the last three months)

Best of all, eToro will verify your documents instantly.

Step 3: Make a Deposit

WIth your eToro account opened and identity verified – it’s now time to deposit some funds. If you are looking to buy NEO without delay, it’s best to choose from a debit/credit card or e-wallet. This is because the deposit will be processed instantly.

A UK bank transfer can also be selected, but you will need to manually transfer the funds. This means potential delays of 1-3 days. Irrespective of your chosen payment method, the minimum deposit is $200 (about £145). You don’t need to spend all of this on NEO, as the minimum trade size is just $25.

Step 4: Search for NEO

eToro supports dozens of asset classes and thousands of markets – so it’s best to search for NEO. You can enter the digital token into the search box like in the image below – and click on the result that loads.

To go to the NEO investment page, click the blue ‘Trade’ button.

Step 5: Buy NEO UK

The final step required when buying NEO at eToro is to complete a buy order. If you have never previously placed a trading order, this essentially tells the broker what you want to achieve from your investment. In other words, how much money do you want to risk on NEO?

Once you have figured this out, enter the value of your investment into the ‘Amount’ box. Finally, click on the ‘Open Trade’ button to buy NEO in the UK.

Buy NEO – Best Place to Buy NEO in the UK

Now that we have covered specific providers, we need to discuss the best place to buy NEO in the UK. In other words, whether you should opt for a cryptocurrency broker or exchange – based on your own investment preferences.

Online Cryptocurrency Broker

A cryptocurrency broker operates much like a share dealing platform. This is because the broker sits between you and your chosen asset. In this case, that’s NEO. The best broker in this space, eToro – holds that all-important FCA license – which can’t be said for the vast majority of cryptocurrency exchanges. Crucially, this means that you can buy NEO in the UK without needing to worry about the safety of your funds.

A direct result of being an FCA-regulated cryptocurrency broker is that the platform can facilitate fiat currency deposits and withdrawals. This simply means that you can use your debit/credit card, bank account, or even an e-wallet like Paypal to fund your NEO purchase.

Cryptocurrency Exchange

There are hundreds of cryptocurrency exchanges in the online domain – many of which allow you to buy, sell, and trade NEO tokens. Such platforms typically offer very low fees, with commissions often amounting to no more than 0.10% per slide. You will also find that cryptocurrency exchanges host a huge number of digital tokens – which often runs in the hundreds of pairs.

On the flip side, most cryptocurrency exchanges only accept deposits in the form of digital tokens. This is because they are not legally able to accept fiat deposit methods. As such, you’d be out of luck if you are not already in possession of a crypto asset. Most importantly, cryptocurrency exchanges are rarely regulated by a body like the FCA – so you can never be sure if your investment funds are safe.

Ways to Buy NEO UK

Now we can move on to the different ways to buy NEO in the UK in terms of supported payment methods. Each option comes with its own pros and cons – so we discuss this in more detail below.

Buy NEO With Debit Card

In a time not so long ago, being able to pay for a cryptocurrency purchase with a debit card would have been unthinkable. However, with heavily regulated crypto brokers like eToro now in the game – you can easily buy NEO with a debit card.

All you need to do is input your debit card details like you normally would when buying something online. Once you have entered the amount you wish to deposit, the money will be added to your eToro account instantly. Then, you can proceed to buy NEO.

Buy NEO with Debit Card at eToro From $25 Now >

Buy NEO With Credit Card

You can also buy NEO with a credit card at eToro – with the broker charging just 0.5% in fees. Be sure to check that your credit card company supports crypto deposits, as not all do in the UK.

Buy NEO with Credit Card at eToro From $25 Now >

Buy NEO With Paypal

Not many brokers in the online space support Paypal, as they typically prefer payments in the form of debit or credit cards. Fortunately, all is not lost – as eToro allows you to buy NEO with Paypal.

When you process the payment, you will be asked to securely enter your Paypal login details via an encrypted pop-up box. You will then need to select the source of funds – such as your Paypal balance or a linked debit card. The payment will then be processed instantly by eToro.

Buy NEO with PayPal at eToro From $25 Now >

Buy NEO With Bitcoin

If you have Bitcoin in your cryptocurrency wallet – or any digital token for that matter, you can use the funds to buy NEO in the UK.

The benefits of doing this include:

• You won’t need to provide any personal information to the exchange you use to perform the swap
• No KYC documents are required
• Fees are often super-low, costing just 0.10% at platforms like OKEx and Binance

The process of buying NEO with crypto should take you no more than a few minutes. All you need to do is quickly register with your chosen exchange by entering your email address. Next, transfer the crypto into your crypto exchange wallet, and then when the funds arrive – swap the tokens into NEO.

Buy NEO at eToro From $25 Now >

Why Buy NEO UK?

Like all potential investments you are thinking about making, it’s really important that you do your homework before buying NEO in the UK. This is because the value of NEO will move up and down on a second-by-second basis. In particular, cryptocurrencies like NEO can be overly volatile – meaning that you need to be ready for this.

To ensure you that NEO is right for your long-term financial goals and tolerance for risk – below we discuss the most important considerations that you need to make.

Ethereum Killer

As we briefly noted towards the top of this guide, NEO is often dubbed an ‘Ethereum Killer’. In Layman Term’s, this means that many from within the cryptocurrency believe that NEO will one day surpass Ethereum as the go-to smart contract blockchain. This is really important, as Ethereum is the second-largest cryptocurrency in terms of market capitalization.

The reasons that NEO could overtake Ethereum largely center around the technology itself. For example, Ethereum is still super-sluggish when it comes to scalability – with the blockchain still averaging a maximum throughput of just 15 transactions per second. This simply won’t cut it if Ethereum wants to appeal to the masses.

At the other end of the spectrum, you have NEO – which can handle in the region of 10,000 transactions per second. Additionally, when you hold NEO, you are given an allocation of GAS tokens. These GAS tokens are then used to pay for transactions – meaning that in many ways, NEO transfers are free. Ethereum, on the other hand, requires you to use your own ETH tokens to pay for transactions.

GAS Dividends

In the section above we mentioned that all NEO holders receive GAS tokens and that this can be used to pay for transactions sent on the blockchain. An even better function of GAS is that the tokens are traded on public exchanges like any other cryptocurrency. As such, the GAS tokens that you receive have value.

Crucially, this operates much like dividend-paying stocks. That is to say, while the stock can be referred to as NEO, the dividend payment comes in the form of GAS. Ultimately, this rewards you for holding NEO tokens in the long run.

Huge Value Increase

If you had invested in NEO when the cryptocurrency was first launched in 2016 – you would have paid just $0.39 per token. Just over 1 year late, the same digital currency hit all-time highs of $196. This means that early backers of NEO would have been looking at gains of over 50,000%.

At the time of writing, the digital token is trading in the $25-30 region. Although this is a sizable drop from its prior all-time highs in 2018 – this still represents huge gains in comparison to the initial launch NEO price of $0.39.

The Cost of Buying NEO

All online brokers and exchanges charge fees. Otherwise, the respective platform wouldn’t be able to offer you seamless access to cryptocurrencies like NEO. The specific fees can and will vary depending on various factors. For example, the platform you elect to use and your preferred payment type.

Here’s a lowdown on what fees to expect when you invest in NEO in the UK.

Deposit Fees

Unless you are planning to deposit funds with a cryptocurrency, then you should expect to pay a transaction fee. The likes of debit and credit cards average 5% in the crypto world – meaning a £5 fee for every £100 deposited. You can get this down by being selective in the broker you choose – should this be your preferred deposit method. For example, eToro and Binance charge 0.5% and 1.8% respectively.

Crypto brokerage fees on bank account transfers are often much cheaper – if not free. The key issue to bear in mind with bank transfers is that you will invariable have to wait longer for the funds to arrive. Debit/credit cards, although more expensive, are processed instantly.

Commissions

When you buy and/or sell NEO, you’ll likely need to pay a commission. Those that trade large volumes often benefit from the lowest commission rates and some platforms offer discounts when you hold its native digital token. For example, commissions at Binance are reduced by 25% when you hold an allocation of BNB Coins.

In terms of what commissions to expect, you will only pay 0.10% at a number of platforms in this space – including Binance and OKEx. eToro charges a spread instead of a traditional commission, which is the gap between the bid and ask price that the market is willing to pay.

Selling NEO: A Quick Overview

If you’re now comfortable with how the buying process works, then you will have no issues learning how to sell NEO. This is because you can use the same broker or exchange that you used to make the original purchase. For example, if you bought the NEO tokens from eToro, then you can sell your coins via your account portfolio.

Once you have sold your NEO tokens into cash – you can then withdraw them back to your bank account or debit/credit card. You must, however, have gone through a KYC process with the platform first – which means having your identity verified if you haven’t already done so.

How to Buy NEO UK – Conclusion

In conclusion, this guide has highlighted just how easy and safe it is to buy NEO in the UK when you use a trusted broker like eToro. Not only is the provider authorized and regulated by the FCA, ASIC, and CySEC – but the end-to-end investment process shouldn’t take you more than five minutes. Additionally, you can use your debit/credit card or bank account to fund your NEO purchase and the minimum stake is just $25.

Ready to buy NEO in the UK right now? If so, just make sure you consider the risks. After all, cryptocurrencies are highly volatile and speculative assets.

eToro – Best FCA Broker to Buy NEO UK

 

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