NEO, perceived as China’s Ethereum, is a cryptocurrency that operates on a completely decentralized structure. In development since 2014, NEO became a favorite project among crypto investors, especially because it does not incur any transfer fees. NEO was the first cryptocurrency that could be transferred from one place to another without any transaction fees.
What is NEO Coin?
Initially released under the name Antshares, NEO Coin later adopted its current name. Another distinctive feature of NEO is its status as the first decentralized, open-source code project based in China. NEO Coin, which has a total supply of 100 million, shows a circulation of 70 million at the time this article was written. NEO’s unit price is around 18 dollars, placing it as the 18th largest cryptocurrency.
Like Ethereum, which supports smart contracts, NEO also allows the use of additional programming languages such as JAVA, GO, and C/C++, distinguishing itself from Ethereum. NEO investors receive GAS rewards for holding their tokens, and this reward is also available as a separate cryptocurrency on exchanges.
NEO’s founder Da Hongfei particularly sparked excitement at the end of 2019 by stating that NEO would become the number one cryptocurrency in 2020. Although NEO did not achieve this goal, its smart contract infrastructure and decentralization will surely continue to make it a popular cryptocurrency in the coming years.
With NEO becoming such a popular cryptocurrency, phrases like “How to buy NEO?” or “Purchase NEO” are frequently searched. So, how can you buy NEO?
Where to Buy NEO Coin?
NEO can easily be purchased from Binance, one of the world’s leading cryptocurrency exchanges, not just based on trading volume but also on many other factors. To buy NEO, just follow these simple steps:
The steps to purchase NEO through Binance are as follows:
- To buy NEO, you first need to deposit USD balance into the exchange or purchase a cryptocurrency that can be used instead. For this, first, go to the Binance homepage and click on the “Buy Crypto” option in the upper left corner, then the “Credit/Bank Card” tab.
- In the opened tab, choose how much USD you want to spend and select USDT, i.e., Tether, from the Coin section.
- After acquiring USDT, preview the “Buy-Sell” option in the upper left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, type NEO in the search button, and select the NEO/USDT pair that appears below.
- Then, go to the “BUY NEO” section in the middle, enter the amount you want to purchase.
- Enter the desired amount and confirm the transaction to complete the NEO purchase.
Buy NEO Coin
To purchase NEO Coin, besides the NEO/USDT trading pair, you can also use other trading pairs like NEO/BTC, NEO/ETH, and NEO/BNB. Especially buying NEO through Binance provides access to a deeper and more liquid order book, as well as additional security.
