There are plenty of NEO wallets available and a user can choose from desktop, mobile or an online wallet. There are links to all wallets in official NEO pages. However only desktop NEO-GUI and NEO-CLI wallets are NEO’s projects.
The mobile wallet is available only for Android 5+ and it supports English and Chinese.
Another popular desktop wallet is NEON. It is City of Zion‘s project and there is an installation package for Windows, Linux, and OSX. This wallet has nicer GUI than NEO-GUI.
Recommend wallets are NEO-GUI and NEO-CLI wallet. The NEO-GUI wallet can be installed on Windows 7 with SP1 or higher. Quality of the wallet is standard and GUI is uninteresting and dull.
Command line wallet NEO-CLI can be installed on Windows and Linux and only users familiar with its command line should install it.
NEON, NEO-CLI and NEO-GUI and also smartphone wallets enable to claim GAS.
An exchange is a place where you obtain your NEO. The service they provide is basically a marketplace where you dial in at what price you want to buy NEO and once the amount is reached at the price, the NEOs are yours. Don’t forget that keeping the NEOs on the exchange is dangerous due to the risk of hacks and moving them to a more secure wallet is of utmost importance. Try to avoid any exchanges with a warning. Doing thorough research will take you further, as the chances of getting scammed on the internet keep increasing. Here are 3 top exchanges that trade NEO in order according to their ratings: Bitfinex, OKEx.
The easiest and most reliable way to obtain NEOs is to buy them at exchanges, or through ATMs (yes there are ATMs offering NEOs).
As with any trading, it is important to choose the exchange wisely to minimize the risks connected with trading. Here’s a list of the most notable NEO exchanges:
Cryptocurrency ATMs can be found all over. There are about 3,5k in use around the globe and the number is gradually rising. Almost 40% of the world ATMs are two-way, which means you can both buy and sell NEOs using them.
Peer-to-peer exchanges allow cryptocurrency users trade coins among themselves without the service of a regular exchange which comes at a percentage from the transaction. Unlike regular exchanges which match sell or buy orders and automatically proceed these orders, p2p exchanges match the seller with the buyer so they can finalize the transaction on their own. This cuts out the middle man and maintains decentralization.
Local exchanges like LocalBitcoin have a different approach to crypto trading. You can search through their service for a person that is selling the same or close amount of the desired cryptocurrency and meet in person for exchange of crypto for cash. These websites also provide online communication and payment (paypal).
There are many criteria on which exchanges are rated. Usually a customer looks for the best user interface and lowest commission on transactions. This can be a good way for finding an exchange that will best fit your likings but also remember to research enough information across the web for any alerts of fraud or security problems on the exchange. Making a deposit on an exchange can be done via a credit card (usually with a higher commission), bank transfer, paypal or you can deposit a certain cryptocurrency like Bitcoin or Ethereum for buying any altcoin. Also, most exchanges don’t support all the cryptocurrencies so remember to navigate the search with the NEO keyword. Our top picks would be Kraken, one of the oldest exchanges great for big buys, but harder to understand for beginners, Bittrex, now launching a new user interface, this exchange offers a good amount of cryptocurrencies and is a favorite pick of big and small investors, Coinbase, the top pick for crypto beginners as Coinbase offers an intuitive interface and card payments available from almost the whole world, and finally CEX.IO, a service great for novices in the market with an easy-to-use interface and good reputation.
