Discover how to buy NEO (NEO) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
NEO (NEO) is currently at
$3.4230
-$0.19100 (-5.58%)
Last updated on --.
How can I buy NEO on OKX?
Whether you're new to crypto or an experienced trader, you can buy NEO using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose NEO
Select NEO and buy using your chosen method.
Step four
Receive your NEO
Confirm your purchase and store your NEO in your portfolio.
What's NEO?
NEO is like a digital coin that helps people use smart contracts, which are like computer programs that automatically do things when certain conditions are met. Imagine it as a magic coin that makes sure promises are kept without needing a middleman. NEO exists to make digital transactions faster and more reliable, solving the problem of trust in online exchanges by using blockchain technology.
How can I buy NEO?
1) Create an account on OKX by visiting the website and clicking 'Sign Up'. Provide your email and set a password. 2) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 3) Once your account is funded, go to the 'Buy Crypto' section, select NEO, enter the amount you wish to purchase, and confirm the buy order.
Why do people buy NEO?
People buy NEO because it supports smart contracts and digital identities, making it useful for creating decentralized applications. NEO is part of a growing ecosystem that aims to build a smart economy, integrating digital assets and identities. It is widely adopted in various industries, offering practical solutions for digital transactions and automation without focusing on profit.
Things to know before buying NEO in the United States
In the United States, cryptocurrencies like NEO are legal but regulated. You must complete KYC and AML verification when setting up your account. Tax implications include reporting capital gains if you sell NEO for more than you bought it, and income tax on any rewards from staking. Always consult a tax professional for detailed advice.
What are other ways to own NEO?
You can obtain NEO through airdrops, where free tokens are distributed to users, or by participating in Learn-and-Earn programs that reward you for completing educational tasks. Staking NEO in certain networks can earn you rewards, and providing liquidity in decentralized finance platforms may also offer NEO as a reward. Each method requires effort and understanding of the associated risks.
How can I store my NEO?
To keep your NEO safe, you can use custodial wallets, where a service holds your coins, or non-custodial wallets, where you control your coins. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet, keep recovery phrases safe, and consider proof of reserves for added security. Choose the storage method that balances security and convenience for you.
Why should I buy NEO on OKX?
Learn more about the security measures keeping your NEO safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy NEO (NEO)
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How to get NEO for free
Invite friends, earn rewards
See how you can get free NEO when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your NEO grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade NEO
Take advantage of price fluctuations and trade your NEO for other cryptocurrencies.
Send NEO
Send your NEO anywhere, anytime with fast, low-cost transfers.
Spend NEO
Use your NEO to pay for goods, services, and experiences seamlessly.
Hold NEO
If you think your NEO will increase in value, you can hold onto it.
Sell NEO
Convert your NEO to cash quickly and securely.
How to buy NEO (NEO) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy NEO NEO safely on a trusted exchange like OKX.
Choose the best exchange to buy NEO (NEO) depending on your individual needs. Factors to consider when picking the best place to buy NEO (NEO) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping NEO. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell NEO (NEO), as well as fiat withdrawal options.
This depends on the method you use to convert NEO (NEO) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.