How to Buy NEO Coin on Exchanges

How to Buy NEO Coin on Exchanges

Since all the exchanges have their own trading protocols, the buying experience can vary from one exchange to another. So, it’s best to see how to buy NEO coin on exchanges that not only have a high volume of trading, but are very popular in the cryptocurrency world (e.g. Binance).

How to Buy NEO on Binance Exchange

To buy NEO coin on the Binance exchange, you need to create an account.

Go to the Binance Exchange official Web site, click the “Register” link in the top-right corner.

Fill in your registration information.

 You will then receive an e-mail with a link. Click on the the link to verify your account with Binance.

The next step is to send funds (e.g. Bitcoin, Ethereum) to your Binance account, so you will have the currency with which to buy NEO coin. For the following steps, let’s assume that you are buying with Ethereum.

Log in to Binance, click on the “Funds” link, and click on “Deposits Withdrawals.”

On the “Deposits & Withdrawals” page, select the “Deposit” button in front of “ETH.” This will generate a wallet address for transferring your coins to the Binance exchange.

Copy the wallet address and go to your ETH wallet to send some coins to your Binance account. Your Ethereum will be credited to Binance within a few minutes.

Purchase NEO coin with the ETH in your Binance account. Right in front of “ETH,” the total balance should reflect the value of Ethereum that you have on Binance.

Click on “Exchange” right beside the Binance logo, and select the “Basic” option.

On the “Exchange” page.

In the top-right corner of the page, above “Trade history,” you will find the market pairs section. Search in this section for NEO/ETH and click on it.

The page will load the NEO/ETH pairing chart. Beneath the chart, locate the “Buy NEO” section.

In the “Amount” box, enter the amount of NEO you want to buy. The “Total” box will show how much ETH you will be paying to buy your entered NEO amount.

Click the “Buy NEO” button. Within a few seconds, the NEO will be credited to your NEO wallet on the Binance platform.

You can now send this NEO out of the exchange to your personal wallet.

Note: To Earn GAS on your NEO, it is best to hold your NEO coins in a NEON wallet. As long as your NEOs stay in your NEON wallet, you will earn GAS for the value of NEOs you are holding. (Source: “Guide: How to buy NEO (NEO) from Binance,” Use The Bitcoin, November 23, 2017.)

Other Ways to Buy NEO Coin

buy neo coinWhile Binance allows cryptocurrency trading, people might want to know of other ways of buying NEO coin. In this section, we’ll cover how to buy NEO with Bitcoin, how to buy NEO with credit cards or debit cards, how to buy NEO with a bank account, how to buy NEO with PayPal, and how to buy NEO with fiat/USD.

How to Buy NEO Coin With Bitcoin

The earlier section on buying NEO on exchanges explains how to buy NEO with Ethereum. To buy NEO with Bitcoin, follow the same steps and, instead of selecting “ETH,” select “BTC.”

How to Buy NEO Coin With Credit Card or Debit Card

As of now, there is no direct way to buy NEO coin with a credit card or debit card. The best bet is to first buy BTC with your credit card on a popular exchange like Coinbase.

Once you have Bitcoin, you can use Binance (see above) to convert your Bitcoin into NEO. The entire process should take less than half an hour.

How to Buy NEO Coin With a Bank Account

People living in the United States, Europe, or Australia can buy Bitcoin with a bank account, using exchanges that allow bank account trading (e.g. Coinbase).

Once you get the Bitcoin, you know the drill. Go to Binance and trade your Bitcoin for NEO in a matter of minutes.

How to Buy NEO Coin With PayPal

There is no direct way of buying NEO with PayPal. You have to first buy Bitcoin or Ethereum on a different exchange and then trade these coins for NEO coin on Binance or any other exchange that allows NEO trading for those two cryptocurrencies.

How to Buy NEO Coin With Fiat/USD

There is no way to directly purchase NEO with cash. And, unlike Bitcoin, there are no ATMS that support the purchase of NEO. Your best bet is to buy BTC or ETH with U.S. dollars (USD) and then trade them for NEO on the Changelly or Binance exchanges.

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