How to Buy NEO 2021

2 April 2021 | Updated: 8 June 2021

NEO is now part of Microsoft’s .NET Foundation and is a community-driven blockchain platform. In a nutshell, this cryptocurrency utilizes smart contracts to provide a more secure, faster, and cheaper way to pay.

Want to know how to buy NEO from the comfort of your home? Stay with us!

In this guide, we take you on a journey through the ins and outs of how to buy NEO – taking into account investment strategies, storage, and choosing a great low-cost broker.

 

Eightcap - Regulated Platform With Tight Spreads

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  • Minimum deposit of just $250
  • 100% commission-free platform with tight spreads
  • Fee-free payments via debit/credit cards and e-wallets
  • Thousands of CFD markets including Forex, Shares, Commodities, and Cryptocurrencies
Start your journey towards reaching all your financial goals right here.

 

Table of Content

     

    How to Buy NEO in 10 Minutes – Quickfire Guide

    If you have insufficient time to read the entirety of this page – see a simple quickfire guide on how to buy NEO in 10 minutes.

    • Step 1: Join a regulated online cryptocurrency broker – just a heads up, you can buy NEO at Capital.com without paying any commission fees
    • Step 2: Complete the sign-up form presented to you by entering your name, address, and email, etc
    • Step 3: Upload your proof of ID, like a passport and a recent bank statement
    • Step 4: Decide how much to deposit, select a payment type (debit/credit card, e-wallet, bank wire), and enter a monetary value in the box
    • Step 5: Find NEO tokens on the site and place a buy order – you may invest as little as $25 in cryptocurrencies at Capital.com

    As you can see, signing up with a broker to buy NEO is as easy as pie. At Capital.com, the process often takes less than 10 minutes, thanks to its use of sophisticated ID validation tech.

    Select a Trusted NEO Broker

    Selecting a trusted NEO broker isn’t as easy as it sounds in a space flooded with seemingly similar platforms. In fact, it’s harder than ever to identify a trusted provider from a shady one.

    Not to worry, we are on the case. You will see below comprehensive reviews on the top 3 brokers you can safely trade or buy NEO.

    1. AvaTrade – Best NEO CFDs With Option of Many Trading Tools

    At respected CFD brokerage AvaTrade, you can enjoy commission-free NEO trading, with tight spreads offered on most markets. Speaking of which, if you decide to diversify your trading portfolio, you have the choice of over a dozen alternative crypto-pairs. There is also a range of fiat currencies, bonds, stocks, indices, and ETFs at this platform. As AvaTrade is a CFD platform, you will need to consider the spread when trading digital currencies.

    The typical spread on NEO/USD is 2% over the market rate and both professional and retail clients can access leverage here. Furthermore, you can trade NEO via MT4/5 by connecting your AvaTrade account with your chosen third-party platform. You will be given a virtual trading facility, mirroring the real markets, with $100,000 in paper money. To start trading with real money all you have to do is fund your account with at least the minimum initial deposit of $100.

    As well as offering quality financial instruments, AvaTrade also provides access to heaps of analytical tools, to aid your ability to stay ahead of the game when trading NEO. Our guide found just some of the educational resources available to include a whole section on trading for beginners, video lessons, e-books, and economic indicators.

    Importantly, there should be no concerns when trading NEO at AvaTrade, as the broker is heavily regulated. This includes licenses issued in South Africa, the British Virgin Islands, Australia, the EU, and more. Accepted payment methods at AvaTrade include wire transfer, debit/credit card, Swift, Mastercard, MoneyGram, Western Union, Bitcoin, Webmoney, FasaPay, Neteller, Skrill, Perfect Money, and Boleto.

    Our Rating

    • Only $100 minimum deposit
    • Regulated by 6 juresdictions
    • Trade NEO CFDs 100% commisison-free
    • Admin fee charged after 1 year no account activity
    75% of retail investors lose money when trading CFDs with this provider

    2. Capital.com – Best NEO CFDs for Beginners - Minimum Deposit just $20

    Despite Capital.com not offering a traditional NEO investment facility, the broker offers thousands of CFD markets commission-free. This includes NEO and a range of other cryptocurrencies, as well as forex, commodities, and shares. For those in the dark, CFDs allow you to speculate (and hopefully make money) on the future value of NEO - instead of taking ownership. Not to mention the fact you can boost your trades with leverage where permitted.

    This means that, unlike with stocks, you can still make gains from NEO's decline in value. We cover CFDs later for any newbies reading. Moving onto what spread you can expect from this commission-free platform - this averages just 0.2% on NEO/USD.The minimum deposit at Capital.com is just $20 AND you can fund your account with a range of different payment methods.

    Our guide found this to include debit card, credit card, bank wire transfer, Webmoney, Przelewy24, Apple Pay, Giropay, Sofort, iDeal, Multibanko, QIWI, and Trustly. The app is easy to download and you can usually activate your account right away. Furthermore, this CFD broker is regulated by two tier-1 bodies - the FCA and CySEC. As such, you can trade safely here.

    Additionally, as is becoming more common now - you will be given a free demo account topped up with paper money - in this case, $10,000. Other useful features on offer at Capital.com includes personalized NEO trading insight, chart drawing capabilities including trendlines to illustrate support and resistance levels, and various risk-management tools. Capital.com has its own app called 'InvestMate' which is packed with just about everything you need to perform technical analysis.

    Our Rating

    • Only $20 minimum deposit to trade NEO CFDs
    • Multitude of different trading tools
    • Regulation from FCA and CySEC
    • No NEO fundamental analysis
    82.61% of retail investors lose money when trading CFDs with this provider

     

    Long-Term NEO Investment vs Short Term Trading

    By considering your NEO strategy, you can think about how you see yourself adding this digital currency to your portfolio.

    To save any confusion, see the two most used strategies for this digital currency.

    Buy and Hold NEO

    The first option is to buy and hold NEO. This might mean holding onto the digital coins years after your purchase. As such, it’s crucial you also think about how you might store this speculative asset class.

    We talk about storage options shortly, but first – let’s look at an example of how a buy and hold strategy might look in a real-world scenario.

    • In order to access the NEO markets, you sign up with a regulated broker
    • You see that the crypto-asset is valued at $43 and think this is highly undervalued.
    • Subsequently, you create a $700 buy order on NEO
    • Almost 8 months pass by and the digital tokens have increased to $54 – representing a 23% price rise
    • Delighted with your 23% profit from correctly predicting the market – you place a sell order to cash out
    • You made $161 from this NEO purchase by electing to buy and hold

    In our example, you held onto your crypto-asset for 8 months, but as we said, you need to store it too. Let’s take a look at what options are available.

    Firstly, you could think about storing your NEO coins at an unregulated cryptocurrency exchange – however, the keyword there is ‘unregulated’. This means that if the exchange becomes victim to theft, there is not an awful lot you can do about it. Some crypto investors choose to buy NEO and then download a software program known as a ‘cryptocurrency wallet’ to keep it in.

    This decision should not be taken lightly, as without knowing how to protect your investment you are leaving yourself vulnerable to hackers. Last but not least, think about keeping things fuss-free and convenient by buying and storing your NEO purchase at eToro, whilst paying 0% commission – all under the watchful eye of four regulatory authorities.

    Trade NEO

    Another way to access the NEO markets is via CFDs – which must be done via a reputable trading platform. For those unaware, Contracts for Differences – or CFDs, are financial derivatives that enable you to speculate on the price increase or decrease of the underlying asset. This cuts out the need to think about the aforementioned storage.

    We mentioned in our brokerage reviews that NEO will usually be traded as a pair when accessed via CFDs. The most popular currencies to pair NEO with are Bitcoin and US dollars – displayed as NEO/BTC and NEO/USD respectively. Whatever the market value of the asset you are trading is – the CFD will match it.

    We’ve put together a straightforward example illustrating how NEO CFDs work when crypto trading:

    • Let’s say you wish to trade NEO against British pounds – which is priced at £42
    • As a result, CFDs on the NEO/GBP market are also valued at £42
    • You think this is overpriced and the value will soon fall again
    • Consequently, you place a $300 sell order to short NEO/GBP
    • Sure enough, less than 2 days later the pair has fallen to £36
    • Pleased with a profit of 13% you create a buy order to exit the market
    • Your gains on this NEO CFD trade totaled $39

    As we also touched on, location dependant, you can apply leverage to NEO CFD trades. This allows you to open positions in the crypto market with more than you physically have in your trading account.

    Let’s see what the above trade would look like with added leverage of 2x:

    • When placing a $300 sell order on NEO/GBP – you decide to add leverage of 2x (also shown as 1:2)
    • This enlarges your position to $600
    • As such, when the pair falls in value and you cash out your position – your profit is doubled to $78

    Where to Buy NEO

    In this guide, we have talked extensively about how to buy and store NEO – but what about where to buy this popular investment token?

    Below we discuss the most popular ways in which you can buy NEO.

    Buy NEO Debit Card

    First up is the option of a debit card. You can buy NEO in this way whilst paying no commission at eToro. The only fee charged for this payment method is an FX fee of 0.5% as the site is denominated in USD. With that said, if your debit card is denominated in USD – you will avoid this fee.

    At the other end of the scale entirely are crypto-brokers like Binance and Coinbase, who both charge anywhere up to 4% to buy NEO with a debit card – depending on various factors such as where you reside.

    Buy NEO Credit Card

    Cash advance fees charged by credit card providers can be as much as 5% of your transaction. As such, you need to check whether or not your provider will charge this fee when using an online broker.

    Despite this, credit cards are still a popular way to buy NEO online. At eToro, you can buy NEO using this method, whilst still only being charged a small exchange fee of 0.5% (on non-USD deposits).

    Buy NEO Paypal

    Super convenient e-wallet PayPal is rarely available at cryptocurrency exchanges.

    At eToro, however, you can buy NEO using your PayPal account at the click of a button. Furthermore, don’t forget there is no commission charged here.

    NEO Trading Strategies

    When considering your main strategy with regards to the freedom of trading NEO CFDs or the long-term option of the classic buy and hold approach – also think about including a strategy.

    See below for some of the most popular strategies that seasoned investors take when buying NEO.

    Dollar-Cost Averaging

    To greatly reduce the impact of volatility in the NEO markets, you could consider the simple but effective dollar-cost averaging trading discipline. This will see you looking at your finances and coming up with a set plan to stick to – throughout all of your investing endeavors.

    To give you an example, let’s say you have decided to keep $225 aside to build your collection of digital currencies. To partake in a dollar-cost averaging strategy, you would be more likely to split this into regular stakes.

    In this instance, with a monthly budget of $400, you might decide to invest $100 per week. On each transaction, you will get a different cost price. This will allow you to buy NEO at a discount when prices are falling and benefit when the trend reverses.

    Buy the Dip

    To ‘buy the dip’ is to invest in NEO when it experiences a price drop. This makes sense when you consider that the main point of trading and investing is to make money later down the line.

    Let’s look at a quick example of how you might buy the dip when investing in NEO:

    • In a short time, NEO tokens have fallen in value by a staggering 38%
    • As price trends tend to repeat themselves, you beleive the value NEO will soon rise again
    • This presents the perfect opportunity to buy the dip
    • You will continue to make NEO purchases at a low price – selling later on when prices increase – thus making gains

    Diversify

    Cryptocurrency markets are notoriously volatile. As such, you will be in a much better position by not concentrating all of your attention on one asset. For instance, there are markets such as commodities that are considered to be great for the purposes of diversification.

    This is largely because commodities allow you to hedge your position – as there is no correlation to digital currencies. You might also consider stocks or forex pairs to diversify even further and thus – avoid overexposing yourself to NEO and the wider crypto markets.

    NEO Trading Signals

    NEO trading signals might appeal to you if you are a complete novice and don’t quite understand how to read price charts and signals. The reason for this is they are merely suggestions – you can decide yourself whether or not to act by placing an order with your broker.

    For instance, here at Learn 2 Trade, we include each step of the crypto order, with specific values to incorporate. This includes the NEO pair, suggested entry price, and what stop-loss and take-profit orders to place. Furthermore, we offer a free signal service via our Telegram group as well as a premium plan – which gets you 3-5 suggestions per day.

    How to Buy NEO Online – Full Walkthrough

    To buy NEO online you will need to sign up with a respected online broker and add funds to your account. If you are a complete beginner, you can follow our easy-to-follow walkthrough below.

    Step 1: Sign Up With a NEO Broker

    We are using Capital.com because you won’t pay commission to buy NEO and are protected by the FCA, ASIC, CySEC, and FINRA.

    Head over to the Capital.com website and open an account. You will need to fill in the empty boxes with basic information detailing who you are. You will also need to provide some contact details.

    Step 2: Upload Some Identification

    Now that you have an account you can upload your ID. This should be a government-issued ID with a photograph – so a passport or driver’s license. Furthermore, you are going to be required to send in a copy of a utility bill or bank statement. This must be dated within the last 3 months and inclusive of your name and home address.

    Step 3: Deposit Funds Into Your Account

    As you likely gathered, you need to deposit some money into your account to buy NEO. Capital.com accepts debit/credit cards, e-wallets, and bank wire transfers.

    Enter how much you want to fund your account with and confirm the deposit.

    Step 4: Buy NEO

    Now you can buy NEO. At Capital.com, this can be done via the trade markets section – or by typing NEO into the search box on the main page.

    Enter the amount you wish to buy. Here we are electing to invest $25 in NEO – which is the minimum.

    Finally, click on the ‘Set Order’ button to complete your order.

    Conclusion

    A good place to start when learning how to buy NEO is to grasp that this market is extremely volatile. As such, you may want to consider buying NEO in the traditional sense but also trading it as CFDs, giving you the ability to apply leverage.

    Another tip is to be diverse with your investment choices by including stocks or commodities in your portfolio – allowing you to hedge against any underperforming purchases. Additionally, you would be wise to always go in with a strategy, such as the simple but disciplined dollar-cost averaging.

    At Capital.com, you can buy NEO without paying any commissions, the broker will store your coins for you and facilitate small investments starting at just $25!

     

    Eightcap - Regulated Platform With Tight Spreads

    Our Rating

    • Minimum deposit of just $250
    • 100% commission-free platform with tight spreads
    • Fee-free payments via debit/credit cards and e-wallets
    • Thousands of CFD markets including Forex, Shares, Commodities, and Cryptocurrencies
    Start your journey towards reaching all your financial goals right here.

     

    FAQs

    What is the minimum amount of NEO you can buy?

    No two brokers are the same. As such, where one broker might stipulate a minimum NEO investment of $500, eToro will allow you to invest in cryptocurrencies from only $25.

    How much is NEO likely to be worth in 5 years?

    Some analysts suspect that NEO will rise to as much as $450 in 5 years' time. By learning the ins and outs of technical analysis, you will be able to keep an eye on this particular market yourself, to see how it performs over the years.

    Where is the best place to buy NEO?

    After comprehensive research, we believe the best place to buy NEO is eToro. Watched over by reputable bodies CySEC, ASIC, FCA, and FINRA - this platform is safe, segregates clients funds from its own, offers heaps of assets, and you can buy NEO 100% commission-free.

    How can I sell NEO?

    If you buy NEO tokens at eToro, then selling them couldn't be any easier. Simply head over to your account and create a sell order on your investment. The broker will fund your account accordingly.

    Can NEO make you rich?

    Whilst there is a possibility that NEO can make you rich - there is no guarantee. It is suggested the best way to try and make money from this crypto-coin is to get a firm grasp of technical analysis. You might also try crypto trading signals.