How to Buy NEO in the UK

how to buy neo

You have plenty of options when it comes to platforms that offer Neo in the UK. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.

how to buy neo

You’ll need to create a Neo wallet (an account) and get it approved before being able to buy. You can fund your account using various methods, such as credit/debit card, bank transfer, or e-wallet. If you’re looking to buy NEO as fast as possible, we recommend a credit/debit card as the funds will arrive immediately. Binance https://www.tokenexus.com/ also offers the option to purchase cryptocurrencies with your debit/credit card through their partner, Simplex. This feature is very attractive for people who wish to buy NEO as efficiently as possible. However, using your credit/debit card to purchase crypto on Binance does come with a much higher transaction fee.

More Cryptocurrency Guides in the United Kingdom

BitDegree Learning Hub aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price how to buy neo charts, top crypto exchanges & wallets in one place. Neo’s network provides a permissionless financial system for anyone who can access the platform’s smart contracts.

  • You can buy NEO with a credit or debit card on Bitfinex, Crypto.com, and EXMO.
  • You can use our table to compare the features of popular cryptocurrency exchanges available in
    the UK to help you choose the one that’s right for you.
  • It is not safe practice however as you need to ‘trust’ the exchange to keep your digital assets safe.
  • However, the bank restricts payments to crypto platforms that it perceives as posing the highest risk of financial harm.
  • If more and more companies begin partnering with NEO, many top crypto analysts predict a price rise going forward, which could prompt NEO to rival the other major digital currencies.

No matter how you’re looking to buy your NEO coins, first, you need Ether (ETH). So, you’ll need to set up a Coinbase account if you haven’t already got one. On that same day, one year later, the coin rose to an all-time high of $196.85 in 2018. In the months after, the price cooled off, reaching a 12-month low of just under $45.00 in early April.

Where can I buy NEO?

You can enter the digital token into the search box like in the image below – and click on the result that loads. 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. CFDs are complex instruments and carry a high risk of losing money quickly through leverage.

With its price increasing by over 1029% in the past year alone, more and more investors are beginning to pay attention to NEO and consider it as an addition to their crypto portfolio. NeoGAS is similar to Ethereum’s gas, but it’s not directly linked to the NEO token. NeoGAS is used to purchase computational power for transactions and smart contracts, “fueling” the network. Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The big difference between NEO and other smart contract platforms is the token model. The NEO token is not meant to be used for transactions and is non-divisible (meaning you can’t send 0.5 or 0.25 NEO. It has to be a whole token).

Step 6: Choose how much NEO you want to buy

You manage your money through the cryptocurrency wallet and trade using codes on Neo’s blockchain, rather than a third party handling them. Crypto algorithms are a type of code that can handle assets on the blockchain and are alluded to as such. Bitfinex is one of the most popular crypto exchanges, known for its low fees. The platform offers a range of features, including margin trading, lending, and liquidity swaps.

It is free on eToro, and can vary on Coinbase depending on the bank. A conversion fee may be charged for deposits in other currencies than the account-denominated currency. There is also a risk of rug-pulls, blockchain attacks, and wallet hacks. These are technological risks that involve an attacker hacking a crypto’s blockchain network or your wallet and usually ends with funds getting stolen. Once your account has been verified, click on Deposit Funds on the left pane of your dashboard. You can deposit GBP directly using cards, bank transfer, Neteller, Skrill, Rapid Transfer, or Trustly.

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