How to Buy and Sell Neo Online in Australia
The second most popular and successful cryptocurrency 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 attracted trader interest because it seeks to improve on the foundations created by Ethereum. The Chinese developed token is designed to create more effective smart contracts and is well place to dominate the Asian market. The cryptocurrency secured a partnership with the Chinese certificating 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 has officially banned ICOs from occurring 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 completely reinventing commerce by merging the traditional economy with the digital economy into something coined the “Smart Economy.”
NEO also uses a digital identity to help protect its users. Individuals and institutions can all acquire their own digital identity and NEO users can choose only 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 now ranked in the top 20 cryptocurrencies currently on offer. 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 ninety percent of developers helping to make the currency 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 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 a NEO wallet. You can go directly to the NEO website and acquire a wallet there. However, since in the first step in how to buy NEO you looked at crypto exchanges it makes logical sense to acquire your NEO wallet from your exchange of choice. A hint on exchanges - when you consider that in your how to buy NEO journey you are bound to have questions, it makes sense to choose an exchange that will offer support readily. Think your own time zone!
During your how to buy NEO research you probably noticed that 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 Bitcoin 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!