Despite being one of the world’s largest cryptocurrencies, NEO is presently listed on a limited number of exchanges. The easiest way to buy NEO is to trade Bitcoin (or another popular cryptocurrency) for NEO on exchanges like Binance, Bittrex, and Bitfinex.
While this may seem daunting to some of you reading this, I’ll voorstelling you step-by-step how you can buy NEO from some of the world’s most popular exchanges.
The Exchanges Wij’ll Be Using
100 BTC omschrijving / 24 hours w/ “Level Two” Verifcation
100 BTC omschrijving / 24 hours w/ “Enhanced” Verification
How to Buy NEO on Binance
Binance consistently has some of the largest volume of any exchange where NEO can be traded. Buying NEO on Binance is a loterijlot lighter than it may very first show up. Binance also presently charges just a 0.1% trading toverfee.
1) Create Your Binance Account
The very first step is to sign up for a Binance account. Registration is plain, only requiring an email address and to create a password.
Merienda you’ve submitted the registration form, you’ll need to verify your email address. This is simply done by clicking the verbinding Binance has emailed you.
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Two) Secure Your Binance Account
Upon logging into your account for the very first time, you’ll likely be prompted to enable 2-Factor Authentication (2FA). While this is not required, it’s very recommended.
2FA helps to secure your account by requiring an extra passcode when login attempts are made. Binance offers 2FA through the Google Authenticator App and SMS text messaging. Wij recommend using Google Authenticator, spil SMS 2FA has known security vulnerabilities.
Merienda you select Google Authenticator, Binance will demonstrate you step-by-step how to set it up.
You can also set up 2FA at any time from your “Account” pagina.
From your “Account” pagina, you’ll also be able to submit verification documents, should you need higher withdrawal thresholds than the default Two BTC omschrijving vanaf 24 hours.
Three) Deposit Bitcoin or Ethereum to Binance
Locate the “Deposits” pagina, under “Funds” ter the main spijskaart. Here you can search for the cryptocurrency you want to deposit. Wij recommend Ethereum overheen Bitcoin, spil it’s quicker and has lower network fees (fees from their respective networks, not Binance).
Te this example, wij’ll be depositing 1 ETH.
Merienda you’ve selected the cryptocurrency you want to deposit (te our case Ethereum), Binance will give you an address where you can send your deposit.
After you’ve sent funds to the given address from your cryptocurrency wallet, your deposit will soon showcase up spil pending while it completes the required number of block confirmations. For our ETH deposit, it took about Five minutes for our deposit to be ended. Other cryptocurrencies like Bitcoin, that have longer block confirmation times, will take longer to deposit.
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Four) Buy NEO With Bitcoin or Ethereum
When you’re ready to buy NEO, locate “Exchange” te the Binance menukaart (1). There are two options for exchange views on Binance, “Basic” and “Advanced”. Spil the name suggests, the basic version is lighter to use and should treat the needs of most of you reading this.
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On the exchange tabulator, locate the trading pair you’re looking for (Two). Since I deposited ETH, I used the NEO/ETH trading pair.
Merienda you’ve found your trading pair, locate the order form (Trio). You can choose inbetween placing a market order or limit order.
Placing a market order, spil I did te this example, will permit you to choose how much NEO you want to buy and then automatically execute the order at the best available price. The available price is determined by what other Binance users are willing to sell NEO at.
Alternatively, you can choose to place a limit order. This permits you to choose how much NEO you want to buy and limit the price you’re willing to pay. If using this option, there’s no ensure your order gets packed, albeit you can persiana pending orders.
After your order has bot executed, your freshly purchased NEO will be available te your account recuento. Here you can withdrawal your NEO to another NEO wallet.
Note: There wasgoed a fractional amount of NEO te my account before placing the Five NEO buy order.
How to Buy NEO on Bittrex
Bittrex is another exchange with a enormous amount of NEO trade volume. Bittrex charges a 0.25% commission on all trades.
One key difference of Bittrex and Binance is that Bittrex requires more individual information to withdraw funds. Bittrex users are required to accomplish “basic verification” ter order to make withdrawals. You will have to give Bittrex your name, address, and birth date. A “basic verified” account will be able to withdrawal up to .Four BTC omschrijving vanaf day.
Keeping that ter mind here’s the step by step guide for buying NEO on Bittrex.