how to sell neo

When you buy NEO, you are not just investing in the digital currency – you are indirectly investing in the platform’s performance as a whole. Therefore, the value of your NEO investment will fluctuate depending on many factors, both internal and external. Currently the only exchange with which you can purchase NEO with fiat currency is the Hitbtc.

  • The NEO wallet is a web wallet, allowing you to store both Neo and NeoGas tokens.
  • Right now, Ethereum’s market capitalization is about 75 times more than NEO’s, and most blockchain developers use Ethereum to build smart contracts.
  • Below is a list of essential orders that you need to know about when learning how to trade NEO online.
  • It is important to monitor the market in order to make the most profitable trades.
  • On the other hand, if the market goes against your NEO prediction, you will end up with a loss.

These coins are commonly referred to as ‘tokens’ and are capped at 100 million tokens each. The NEO token can essentially be thought of as a share in the NEO platform; if the platform experiences an increase in value, NEO’s price will rise. The other token, GAS, is used within the network to produce and deploy smart contracts. Users can earn GAS as a sort of ‘dividend’ from the NEO tokens that they hold. Conversely, a short term approach will allow you to make smaller gains but more frequently. This might see you place trades at regular intervals, even multiple times a day, depending on the type of trading strategy you choose.

Where and How to Buy NEO Coin

When it comes to a ‘limit’ order you are able to be more specific with the price at which you wish to enter the NEO market. Take a look at a list of the most commonly used orders when purchasing digital currencies. This order is informing the crypto provider of where you stand with NEO, and how the broker should proceed. Not only that, but where some platforms take days to process ID documents – eToro uses modern automated tech, meaning you can usually buy NEO within minutes of depositing.

  • Buy, stake, store, and exchange any cryptocurrencies, tokens, and stablecoins.
  • The mission of the project is not to issue another digital currency, but to form a fundamentally new model of financial and economic relations between people.
  • To explain further, if you bought NEO at $15.15 with the vision of increasing your investment two-fold, the digital currency would need to rise in value to $30.30.
  • However, liquidity fees can also be expressed through the spread, which is the difference between the bid and ask prices of an asset.
  • To capitalise on NEO, a trader should be able to predict the market’s attitude correctly.

As such, you can begin your journey by depositing some money into your account to buy NEO. Undoubtedly,y the most convenient and speedy way to do this is via credit/debit card or e-wallet. Some people opt to buy NEO on a monthly or weekly basis, This enables you to grow your cryptocurrency collection without risking too much money each time. Instead of ploughing your life savings into buying cryptocurrencies – we recommend investing small amounts on a regular basis.

Easily & Safely Sell Neo to Fiat

On eToro, you can trade NEO before this id verification, but if you need to deposit more than $2,250, you will need to complete this step. That said, there are also brokers with whom you can trade commission-free. One such brokerage is eToro, where NEO trading is charged zero-commission. If going for the short-term profits, it will be best to opt for pairs that offer more liquidity such as NEO/USD or NEO/BTC.

However, trading NEO against a fiat currency is likely to get you access to higher liquidity and hence, better spreads on trades. Selling NEO is also easy, as you can sell the token on the crypto exchange you bought it. The level of competition for any crypto asset can have an impact on its adoption.

Step 5: Place NEO Trade

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. With many top crypto analysts becoming increasingly bullish about NEO, the digital currency looks set to become a mainstay in many investors’ crypto portfolios. A huge benefit of using Binance to buy NEO is that they offer one of the best fee structures on the market. Binance charge a flat how to sell neo rate of 0.1% per transaction – meaning that if you invested £1000 in NEO, you’d only have to pay £1 in fees! What’s more, this rate can be reduced even further if you use that platform’s own currency, Binance Coin (BNB). To summarise all of this, it’s best to think of NEO as the actual platform that underpins all of the features mentioned in the preceding paragraphs.

  • Currently the only exchange with which you can purchase NEO with fiat currency is the Hitbtc.
  • NEO is trading on 47 cryptocurrency exchanges across 119 trading pairs.
  • The type of strategy you choose will depend on your financial goals.
  • Each type of wallet offers different levels of security, making it important to choose the right one for your needs.
  • GAS dividends are just one example of the many economic tools that comprise NEO’s smart economy.
  • This occurred in China and the police there refused to take the case because of the country’s perspective on Bitcoin at that time.
  • Choosing your online broker is the first step towards getting your NEO trading right.

There are a lot of real economic activities on the NEO blockchain that can replace economic systems in today’s world, like the NEO wallet. Blockchain-based economic activities like the NEO ecosystem make transactions faster and cheaper than real-world banking solutions. This means that NEO wants to have a real economy on the blockchain. Since that day, NEO has gone from $10.51 to an all-time high of $196.85 in January ‘18.

Using the Right Trading Platforms

As such, if you wanted to quadruple the same investment, NEO would have to rise to a price of $60.60. By this point, we have covered the bare bones of how to buy NEO – including regulation, payment methods, and fees. When researching how to buy NEO you will no doubt realize that the vast majority of crypto providers charge commission. We find that this tends to be a variable rate against the size of your position. If you elect to sign up at the popular crypto platform eToro, you can buy NEO coins on a direct basis, in a secure manner. As is obvious from the 5 steps outlined above, it’s recommended to use an online broker to buy NEO.

how to sell neo