How You Can Buy NEO in the UK
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NEO is a blockchain technology and cryptocurrency that is often referred to as the Chinese Ethereum.
Like Ethereum, NEO also allows so-called smart contracts. These allow contracts to be executed automatically on the blockchain.
NEO is one of the 10 largest cryptocurrencies and its popularity is due to rumours that ICOs in China will only be allowed to take place with the help of the Neo Coin in the future.
Buying Neo: What to look out for
Buying Neo is not for speculators: We now explain the easiest way to buy Neo. Before doing so, however, you should ask yourself the following questions:
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How to buy Neo: Three-step guide
We show how to get Neo into your portfolio quickly and easily. We use the broker eToro for this, as it offers the unique advantage that you can buy both real cryptocurrencies and CFDs - in other words, it combines the advantages of a broker and an exchange.
We will go into the difference between a broker and an exchange below.
First step: Registering with a broker or crypto exchange
The first step is to register with a broker or crypto exchange.
For our example, we have chosen eToro because here we can hold real Neo Coins as well as speculate with NEO derivatives.
In the form we enter our user name, email and password and accept the terms and conditions:
We then receive a verification email in which we click on the link to confirm the account.
Second step: Top up our account
In the next step we have to fund our account in order to buy Neo. To do this, we click on the "Deposit Money" button at eToro:
Then we choose the amount and the payment method we want to deposit with and then click on the "Send" button to deposit the amount.
Buy Neo with PayPal and more
In our example we show the purchase with credit card. However, eToro also offers other deposit options:
Buy Neo with credit card
Buy Neo with PayPal
Buy Neo with SOFORT Bank Transfer
Buy Neo with Rapid Transfer
Buy Neo with Skrill
Buy Neo with Bank Transfer
Buy Neo with Neteller
Buy Neo with UnionPay
Third step: Buy Neo
Now that we have funded our account, we can begin the actual purchase of Neo. To do this, we click in the search box at the top and enter "NEO" there.
The purchase window then opens. Here we have the following options:
Buy or sell: In our case, we have to set it to "buy
Trade or order: Here we can choose whether we want to execute the trade immediately (trade) or with a time delay (order).
Amount: How much Neo wants to buy
Stop Loss and Take Profit: At which loss or profit our position should be sold automatically.
Leverage: With which leverage we want to buy Neo. With leverage X1 we buy real Neo, with leverage X2 we buy leveraged Neo CFDs.
After we have configured all options, we click on the "Open Trade" button to complete the purchase.
We then have the Neo in our portfolio, the purchase is completed!
Where can you buy 2020 NEO? Selected alternatives
Buy Neo with Bitfinex
Bitfinex describes itself as the world's leading trading platform.
So you can also trade Neo here.
You will quickly realise that it is not a pure crypto exchange, but an exchange that also allows Neo to be traded in currency pairs with US dollars or euros.
If this appeals to you, you can think about registering. Incidentally, the offer can also be managed well via the provider's app.
If you would like to receive some explanations about the platform first, you can also switch to demo mode directly on the start page.
This allows access to the trading software even without registration. At this point, however, we would like to point out a fundamental difference between Bitfinex and providers such as eToro.
Step 1: Registration
In the course of registration, you are first confronted with some instructions.
You have to confirm that you are trading as a professional trader, that you have to deposit at least 10,000 US dollars to be able to use all the platform's functions, that you accept the lengthy verification process, which can take between six and eight weeks, and that you have to pay a small fee if you do not actively use your account.
Only after these confirmations can one proceed with the registration.
It quickly becomes clear that Bitfinex is less suitable for pure trading beginners, but rather for very experienced traders who want to trade on a regular basis and bring the corresponding capital with them.
It is therefore a good idea to think carefully about whether you want to open an account here.
Step 2: Verification
However, the demo platform shows you that you will undoubtedly encounter a crypto exchange that has extraordinary qualities.
After the first registration, you will have to go through the verification process. This includes the submission of various documents, such as the confirmation of identity by means of a copy of an ID card and also the address verification by means of invoices.
Of course, you also have to connect your personal crypto wallet or the other payment methods with Bitfinex.
As already mentioned, it can take a few weeks for the entire process to be completed.
For real crypto traders, however, this should not be a real hurdle. There are different verification levels, which are used as a basis for the trading options.
The effort of verification is not that immense in itself. Only the waiting time is longer at Bitfinex than at other platforms. In return, you can be sure that all participants in the exchange are checked so intensively.
Step 3: Deposit
Since not so long ago, it has been possible to deposit at Bitfinex not only with online currencies, but also with euros or US dollars.
In a way, this was a revolution on the platform, which previously acted as an exclusive crypto exchange.
All in all, you have numerous deposit options.
If you deposit a digital coin, the Bitfinex addresses are displayed when you click on the respective value. This must then be entered in the user's wallet.
Depositing euros is only possible after successful verification and the minimum amount here is a whopping €10,000. However, the equivalent must be deposited with all currencies.
Step 4: Trade Neo
Finally, you can dedicate yourself to trading.
Using a search field, you can easily and specifically discover the different currency pairs of Neo.
You can buy and sell Neo with US dollars, Bitcoin, Ethereum, euros, British pounds or Japanese yen.
In a way, such diversity is unique in the industry. You also get great overviews and statistics on the current price developments.
You can then initiate your order with simple buttons. The general possibilities on the platform are indeed impressive.
Crypto beginners and inexperienced traders might be a little overwhelmed by the offer.
Experienced users should also take a tour, which can be taken in the upper section of the platform. Once again, we would like to point out that the platform is really something for experienced traders.
The crypto scene recommendation: Buy Neo from the test winner
Our recommendation: Buy cryptos with eToro
Buy and sell cryptocurrencies directly in the wallet
Paypal, credit card and instant bank transfer
Real cryptos or CFD trades
Buying Neo with a credit card
Some users will wonder to what extent you can use a credit card to buy Neo.
Platforms like eToro or Coinbase, for example, allow you to buy cryptocurrencies with Visa or MasterCard.
They also offer Ethereum and Litecoin.
For Neo, the situation is not quite so simple. You could easily open an account with eToro and use your credit card as a means of payment, but you can't actually buy Neo with the broker.
One merely participates in trading through eToro and its options. CFDs thus only use the various assets as underlying assets.
The actual coin must therefore be acquired in a different way.
Step 1: Bitcoin purchase at Coinbase
However, it is possible to use a credit card to get Neo in your own wallet. Even if Neo is not actually in Coinbase's repertoire, you can still use its services.
You register and buy a certain number of bitcoins. However, you should be aware that there may be fees for this. If you use a normal bank transfer, these fees are much lower.
The purchased Bitcoins can then be paid out into your own wallet. Coinbase also has its own online wallet with a corresponding address.
Step 2: Register with Binance
But now you still haven't acquired Neo. This works very simply via Binance, for example. This is also a crypto exchange.
However, it does not require such high minimum deposits as Bitfinex and the platform is also much more suitable for beginning traders and inexperienced crypto investors.
Step 3: Buy Neo with Bitcoin
With Binance, too, an account must first be created and the verification process completed. The acquired Bitcoin can be deposited here using the wallet and the corresponding address.
You can easily find this on the deposit page of the exchange.
Since the currency pair Neo-Bitcoin is also available here, the Bitcoins can be converted into Neo Coins according to the current exchange rate.
Finally, the tokens can be cashed out quite easily and you are finally the owner of the desired Neo coins.
So you really do have to take a diversion, but once you have registered on the various platforms, the actual purchase of Neo is more or less child's play.
You just have to get used to the process.
Buy Neo with PaypalPaypal has removed itself from cryptic exchanges. The in-house buyer protection is simply not compatible with the anonymised transactions of crypto blockchains.However, trading is very possible via brokers and eToro is one of the few providers that accept Paypal as a payment option.To complete the Paypal payment here, you simply select the service provider in the list of payment methods.In the next window, you will then be able to enter your login data via the interface of the transaction specialist to confirm the deposit. So if you value Paypal payments, you will find a suitable offer in eToro.
Why should I buy Neo with Paypal?
The cryptocurrency Neo is not yet really comparable with the big pioneers of the crypto industry. Neo is simply not yet widespread enough. But that does not mean that the future prospects are unfavourable.
A considerable number of investors believe that the coin will continue to grow in the future. To get into trading, you have to do some research.
The acquisition of the digital coin is basically possible in different ways. You have to decide whether you want to add the tokens to your wallet yourself or whether you are really only interested in trading.
If the latter is the case, then you don't even have to set up crypto wallets, but can focus on just one platform that allows you to trade.
Neo is undoubtedly harder to acquire than Bitcoin or Ethereum.
This is another reason recommends the test winner for trading Neo Coins to its readers. One registration is enough to trade all kinds of crypto currencies.
Furthermore, a fair minimum deposit and the good trading experience are convincing. Trading via Bitfinex is only recommended to professional crypto investors.
Our recommendation: Buy cryptos with eToro
- Incl. wallet
- Buy and sell cryptocurrencies directly in the wallet
- Paypal, credit card and instant bank transfer
- Regulated provider
- Real cryptos or CFD trades
There is no official confirmation, but rumours about a strategic orientation of the Chinese market persist. Nevertheless, online currencies have so far been characterised by their independence and decentralised properties.
A compulsion to use certain cryptocurrencies seems unlikely from this point of view. However, it will probably depend on the regulatory forces in the Middle Kingdom.
Yes! Since cryptocurrencies are traded in pairs, just like their counterparts in the Forex market, you can buy and sell the values at any time.
With CFDs, there is the possibility of a buy or sell order in this context.
If you use the instructions presented to buy Neo via Coinbase, you have to calculate with fees of 3.99%. If you want to avoid these costs, you can make the payment with a bank transfer or trade derivatives with a broker.
Paypal is fundamentally unsuitable for buying online currencies. The payment service provider has deliberately withdrawn from online platforms in the crypto market, as there have been repeated discrepancies with its own buyer protection.
However, Paypal can be used as a regular payment method at eToro.
Coinbase simply allows the purchase of three cryptocurrencies: Bitcoin, Ethereum and Litecoin. Since only the Bitcoin-Neo currency pair can be found on the Binance platform, the fastest way is to first equip yourself with Bitcoins.
Normally, the broker or the crypto platform has to confirm two details in particular, namely the identity and the address.
In this respect, you will have to upload a copy of your ID or passport. The address can easily be verified with bills that include the date, name and address. Gas, water and electricity bills are particularly suitable in this context.