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GAS Coin is a cryptocurrency produced on the NEO blockchain network and used for transaction fees. Known and seen as China’s Ethereum, it’s known that NEO, like Ethereum, produces a special token used for network transaction fees.
NEO investors have the option to convert their GAS tokens to NEO whenever they want, holding these tokens in their wallets. GAS, being a cryptocurrency like NEO, functions solely for use in transactions on the NEO network.
What is Gas (GAS)?
Initially introduced for transaction fees only, GAS Coin later got listed by some cryptocurrency exchanges. Thus, it is now possible to buy and sell GAS Coin through many leading cryptocurrency exchanges.
Analysis of GAS Coin
GAS Coin is seen as the 452nd cryptocurrency with a unit price of $1.54. GAS Coin, which reached up to $86 on January 15, 2018, is still actively used in the NEO network. Its trading volume fluctuates according to the NEO network’s trajectory. As of writing this article, GAS has reached a trading volume of $2.7 million in the last 24 hours.
How to Purchase GAS Coin?
What needs to be done to buy GAS Coin? Binance emerges as the most popular platform for this purpose. The liquidity and security offered by Binance influence investors to choose it. GAS is listed as GAS on Binance.
- To buy GAS Coin, first, you need to deposit USD balance into the exchange or purchase a cryptocurrency that can be used instead. First, go to the Binance homepage, click on the “Buy Crypto” option in the top left, and then click on the “Credit/Bank Card” tab.
- In the opened tab, choose how much USD you want to transact with, and select Bitcoin, i.e., BTC, in the Coin section.
- After buying BTC, preview the “Buy-Sell” option again in the top left and click on the “Classic” tab.
- In the opened section, select the BTC tab from the top right, type GAS in the search button, and select the opened GAS/BTC pair below.
- Then come to the middle “BUY GAS” tab and enter the amount you want to buy.
- Enter the amount you want and complete the process of buying GAS Coin by confirming the transaction.
