How to Buy and Sell NEO Online in Australia
The 2nd most popular and one of the most successful cryptocurrencies is Ethereum. And now there is a new ‘Ethereum’ on the cryptocurrency stage.
It’s name is NEO. NEO is an open source Chinese project that allows the creation of decentralised apps (aka Dapps). NEO has definitely attracted trader interest because it seeks to improve on some of the foundations created by Ethereum. The Chinese have developed a token which is designed to create more eﬀective smart contracts and is well placed to dominate the Asian market. The cryptocurrency secured a partnership with the Chinese certifying authorities to develop smart contracts 2.0.
NEO builds on Ethereum’s design to create the economy of the future. NEO is the next big currency according to crypto-specialists. China banned ICOs from appearing in their country. Instead, choosing to take the Ethereum platform and renaming it NEO.
NEO is looking to be a distributed network for a smarter economy. Their goal is to be the vanguard or leader in building an economy that is intelligent. According to NEO, a smart economy is one that contains digital assets, plus a digital identity and smart contracts. The long-term vision of NEO is focused on reinventing commerce by combining traditional economy with the digital economy into what's called the “Smart Economy.”
NEO also uses some digital identity to help protect the users. Individuals and institutions can all acquire some of their own digital identity and N.E.O users can choose to trade with parties who have a confirmed identity. This helps to protect users from scams and will make it easier for NEO to comply with international law.
Neo is ranked in the top 20 cryptocurrencies in the marketplace. NEO will see a wide stream take up because they plan to allow contracts to be coded in languages that are understood by more than 90% of developers helping to make the currency very successful in the long term. But how to buy NEO? The Neo ecosystem has two tokens, NEO and GAS, which each perform important roles. For more specific details of how the Neo platform works and how to buy NEO keep reading!
You can buy NEO on a wide range of cryptocurrency exchanges. It’s obvious but worth stating - part of knowing how to buy NEO is to be certain that the exchange you’ve chosen oﬀers NEO as one of the cryptocurrencies it deals in. Not all exchanges offer the same currencies so this really is a critical ﬁrst step in how to buy NEO!
The next step in how to buy NEO is to obtain an exclusive NEO wallet. You can go directly to the NEO website and acquire a wallet there. However, since in the 1st step in how to buy NEO you looked at crypto exchanges it definitely makes the most logical sense to acquire your NEO wallet from your exchange of choice. When you consider how to buy NEO journey you are bound to have a lot of questions, it makes sense to choose an exchange that will oﬀer support quickly when needed. Think your own time zone!
During your how to buy NEO research you may have noticed not many exchanges allow the purchase of NEO coins with regular money which makes the process easier as one can pay with a credit card or wire transfer while others only allow the purchase of NEO coins with other cryptocurrencies such as or Ethereum. Do consider this aspect of how to buy NEO.
Once you have your NEO wallet, chosen how to pay and have learned through your how to buy NEO research whether you can buy NEO directly or need to first buy bitcoin or ethereum coins, then all you need to do is full throttle forward and buy!