How to buy NEO online

The Neo cryptocurrency is sometimes called the ‘Ethereum of China’ and it is one of the largest coins to come out of that country. This page explains how to buy NEO and whether it’s a good time to do so.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: Jan 25, 2022
Tip: our preferred broker is, eToro: visit & create account

This beginner’s guide to Neo takes you through a step-by-step guide to buying or trading the coins, compares the best platforms to get them from, and looks at whether the coin can live up to the hype.

Compare where to buy Neo, and open an account

You can get cryptocurrency now by creating an account with any of the brokers in the table below. These are some of the best crypto trading platforms available today and make it very easy for beginners to get started.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
-
Promotion
User Score
8.7
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Start Trading
Description:
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Payment Methods
Full regulations list:

How to buy Neo online – a step-by-step guide

Step 1. Find an exchange

A cryptocurrency exchange offers the widest range of ways to buy NEO right now. An exchange is a platform where you buy and sell coins from other people, so you normally get the best price. Two of the top exchanges where you can find NEO are:

  • Binance: Binance is the largest exchange platform in the world. You can buy a huge range of cryptocurrencies, and there is both a ‘lite’ version of the site available for beginners and an avalanche of learning material. Join Binance now >
  • KuCoin: KuCoin is another beginner-friendly exchange. It prioritises small volume trading and has lots of helpful advice and tutorials, so it’s ideal for someone just getting started in cryptocurrency. Sign up for KuCoin >

Step 2. Sign up and fund your account

Before you can buy anything, you have to set up an account on the exchange. Be prepared to supply some contact details, like your email address and phone number, along with a form of photo ID to verify your identity.

In terms of funding, it’s usually best to deposit money through a bank transfer. That’s the cheapest method, followed by a credit or debit card. However, it’s possible that the exchange you choose won’t accept fiat currency (like USD or GBP) at all, in which case you need to have a cryptocurrency wallet so you can link that to the account instead.

Step 3. Purchase

To buy Neo, you need to search for its coin symbol which is, simply enough, NEO. Then you’ll see a list of different pairs, such as NEO/BTC and NEO/USDT. Those represent the different ways to pay for it, which in this example are Bitcoin and Tether, respectively.

One thing you may also notice is the lack of regular currencies like GBP and USD that you can use in a swap for Neo. That’s fairly common for small cryptocurrencies and easy to get around; just your money to buy Bitcoin first. Then choose the relevant pair (NEO/BTC in this case), enter the amount you want to spend, and execute the trade. The coins will show up in the wallet section of your account once the purchase goes through.

Step 4. (Optional) Get a suitable wallet

The final step is to decide whether to keep your money in the exchange account or move it into a dedicated cryptocurrency wallet. Wallets are similar to banking apps, which protect your coins behind a password and let you manage your money from there. It’s not necessary to get a wallet, but they are a bit more secure than leaving the money on an exchange. Here are two of the top wallets around:

  • CoolWallet: CoolWallet stores your coins on a physical device but lets you access them through an app on your phone. You have to pay a few pounds for the device but otherwise the service is free. Join CoolWallet now >
  • Ledger Nano S: The Ledger Nano S is a more robust piece of hardware that’s more like a USB stick. Again, you have to pay for the stick itself but that’s the only cost, and then you access your coins by plugging the device into your computer. Get the Ledger Nano S now >
1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Neo – a step-by-step guide

Step 1. Find a CFD broker

To trade Neo you need to find a broker that lets you use CFDs (contracts for difference). Brokers offer a fixed buy and sell price for each coin that may be a little above the market rate, but they are significantly easier for beginners to use than exchanges.

A broker is the best way to go if you’re planning to make lots of trades in order to speculate on small changes in price. They offer free trading (normally) on all the leading cryptocurrencies. Two of the top CFD brokers that allow this kind of trading are:

  • eToro: eToro is one of the most popular brokers around and it lets you trade CFDs on all major asset classes. That means you can buy and sell cryptocurrencies, along with stocks, forex, commodities, indices and more. Join eToro today >
  • Capital.com: Another CFD broker that offers thousands of CFDs on major asset classes, Capital.com also employs artificial intelligence to help you improve your trading skills. Find out how and sign up for Capital.com now >

Step 2. Create an account and deposit money

Like with exchanges, you need to create an account before you can do anything. Set up the account by providing some contact details and a form of ID, then fund it via a bank transfer or card payment. There are other forms of payment available too, such as PayPal, but this can vary between platforms so you should check first if it’s something you want to use.

Step 3. Learn how to perform technical analysis

The route to successful trading lies in technical analysis. You need to understand how to read price charts, identify specific trends and patterns, and then use that information to shape your trading decisions. 

Our course on short term trading covers all the basics of this strategy and is a must-read for anyone who wants to make money this way. At the very least, you should read up on support and resistance levels, as these are two of the most basic trading indicators. By picking out points of resistance you can learn when to buy or sell coins.

Step 4. Decide whether to go long or short

With CFDs you can either buy a coin, which is known as going ‘long’, or sell it (going ‘short). This means that you can predict price moves in either direction, depending on how you expect the market to move. Use your own price analysis and research, along with the latest news, to influence which way you decide to go.

Step 5. Start trading

All that’s left is to actually make the trade. Search for Neo while you’re logged into your broker account and select either the ‘buy’ or ‘sell’ option at the fixed price. Then enter how much money you want to spend, and execute the trade.

Before you do so, you have the option to put stop-loss or limit orders in place. These are essentially planned trades that only execute if the price hits the level you specify. They’re a good way to prevent big losses in case the market were to suddenly collapse or to lock in profit as the price rises.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Should I invest in Neo?

Before you invest in a cryptocurrency like this you should consider the overall state of the market and whether it’s broadly rising or suffering through a fall. Altcoins generally perform well in the good times but are the first hit when the tide turns.

One of the extra factors to consider with Neo is its links to China. The Chinese government has never really embraced cryptocurrency and has been known to suddenly clamp down on industries at the drop of a hat. That might make this a more volatile cryptocurrency than other, similar, projects.

Overall, the best way to approach altcoins is to start with a small amount of money and avoid being too exposed to any one coin. As you learn more about the market and how it fluctuates, and become more familiar with the different cryptocurrencies available, you can increase the size of your investment over time.

Still undecided?

If you still need some more information before making a decision, we can help. Below is a summary of Neo’s main pros and cons, followed by some more tips on when to invest and what its future prospects look like.

Pros

  • Neo has been around since 2016, making it one of the more established coins around
  • It has powerful backers in China and is one of the leading cryptocurrencies there
  • It regularly improves the technology behind Neo to make it more competitive

Cons

Finally, here are three more questions to help you decide whether to invest in Neo.

1. Is now a good time to buy Neo?

That depends on whether you want to buy and hold it for the long term, or trade it quickly to take advantage of short term fluctuations in price. For the former course, it’s usually better to dive in sooner rather than later, although you should wait for relatively calm market conditions before you do so.

For short term traders, the right time is dictated by your technical analysis. Wait for the right moment, when the charts suggest a breakout or some resistance might be imminent, and then buy (or sell) Neo accordingly. Our team of analysts regularly take a look at popular cryptocurrencies and you can use their advice to help you.

NEO has weakened from $133 below $100 in less than 24 hours, and the current price stands around $110. The current trend of this cryptocurrency remains bullish, but when trading NEO, you should have in mind that the price could also weaken even more in the upcoming days. Fundamental analysis:…
The cryptocurrency market is advancing this December; Bitcoin’s price advanced above $23000 resistance and reached a new all-time high. NEO has increased from $16.6 above $18.7 in less than five days, and the current price stands around $18.3. Fundamental analysis: Neo’s ecosystem projects are still working hard to put…

2. What problem does Neo solve, and what are its investment prospects?

Neo is intended to be a more advanced version of Ethereum. That means it offers many of the same benefits, such as the ability to create applications that use blockchain technology, such as decentralised exchanges, but with a few additional features as well.

One of the biggest selling points is that developers can code in a language they understand, such as C# or Python, rather than having to use one specified by the platform. They can create smart contracts that allow for complicated information to be kept secure and transferred between people very easily.

The issue is that there is so much competition. Obviously, Ethereum itself is one competitor, but there are also the likes of Polkadot and Cardano, as well as Lisk, which also lets developers write in simple code. Whether all of these platforms can succeed is an open question and one that only becomes clearer in time. Use the latest news below to follow the battle for supremacy.

Neo NEO/USD is the native cryptocurrency token that powers the Neo blockchain and can be used for sending, spending, staking, and holding. The N3 MainNet launch as a catalyst for growth On August 2, Neo launched the Neo N3 MainNet which marked a huge milestone for Neo as…
As of recently, China restricted financial institutions and really any payment company from providing services that are related to cryptocurrency transactions. However, this might not be as serious as you think, as it is not the first time China has attempted to restrict the trading market. Individuals in China can…

3. Do you want to hold Neo for the long term?

There are times when this is the right approach, and others when it’s best to get in and out quickly to take advantage of a volatile market. Here are a couple of final points to consider, depending on what you’re looking to do.

Considerations for a long term investment strategy

The most important thing for a long term investor is to find an exchange platform and get Neo from there. That way, you’ll get the best price and find the most ways to pay for it. Then you should think about signing up for a wallet and storing your coins there.

Considerations for a short term trading strategy

A short term approach means finding a CFD broker and learning how to read price charts. You should also prioritise the broker with the lowest fees, as you want to make lots of trades and high trading fees can really eat into your profits.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.