The Chinese government and authority haven’t been in favor of cryptocurrency for a long time. They did not accept any of them including the famous Ethereum, Dash, and DAO currency.
However, it all changed in the year 2014, with the introduction of Antshares company. The company started working and providing flexible digitization in China. It was a huge success and opened up amazing investment opportunities, not just for China but for the whole world.
Presently, the company goes by the name NEO and here’s how you can buy NEO and invest in it.
NEO has for a long time stuck with Chinese market and has limited buying opportunities. But, now there are multiple ways to get NEO coins.
The simplest way to get NEO is to contact a centralized firm. They can provide you with NEO tokens in exchange for fiat currency or other crypto assets.
Another way is to purchase NEO is a decentralized exchange. It will have all the benefits of a broker including multiple payment methods, but without any control. They follow peer-to-peer transfers and don't have any control over your finances like the centralized firms.
And then there is the crypto wallet purchase option. You can use any wallet to exchange your deposits and other digital assets to buy NEO coins. The wallets are not that secure and reliable but they work good enough for personal level investments.
How to invest in NEO?
NEO is a powerful cryptocurrency that is safe for online transactions and currency digitization. You can use it to make online investments, stock marketing, and a lot of other works.
If you are aware of the volatility and can leverage it, you can make huge profits out of your investment. Just buy the NEO tokens, invest them right and reap the profits.
NEO trading platform
There are more than one platforms for buying and selling NEO coins. The currency is available with brokers, crypto exchanges, and even with e-wallets. You can use any of them to purchase NEO and start trading it. The currency is also available for trading on its parent website.
How to start investing in NEO?
To buy Neo and start investing in it, you will first need to register an account for the currency. Once you have it, you can use the account to get the latest updates, buy NEO in South Africa and much more.
How to register?
Registering for NEO currency exchange is a simple process and won't need more than just an email, a password, and some minor details. You might also need some documentation work to verify the account. Once you have them simply register and you are ready to invest in NEO.
How to open a demo account?
If you're new to trading platforms that sell NEO, then you can start by opening a demo account rather than a registered account. It will help you get a preview of the exchange before making a deal.
● Simply log in to the exchange website and click on the sign-up option
● Then provide your email id and a strong password that you would like.
● Next, click the demo signup and you will get an email in your registered email id.
● Confirm this email and you can start with the trading platform.
How to open a real account?
Once you have leveraged the basics of NEO currency, you can register your account for full features. All it will need is a minor deposit and some documentation work. You will get an option to make a deposit while signing-up or in the payment tab of your account.
Once you complete the payment, the platform will ask for some documents, upload them. That's it, your account is ready to invest in NEO in South Africa and earn profits for you.
How to fund a deposit?
To fund your account, you will need a NEO exchange account and a credit or debit card.
● Open your account and navigate to the deposit options.
● Then provide the amount you wish to transfer and the payment method.
● You can use both debit and credit cards to order your tokens.
● In case your exchange does not support fiat currencies, consider using another cryptocurrency for exchange.
You can use the account to check the NEO token price before purchasing them. It will give you a rough idea of the investments you will need.
Minimum deposit amount
Most exchanges will not have a minimum deposit amount to buy NEO in South Africa. However, you might want to consider the exchange prices and the taxes that come with the deposits.
How to withdraw money?
Transferring your funds from your exchange account to your wallet or banks is not that difficult. All you need is a verified account.
Simply log-in to the account, click the withdraw option, and fill the amount you want to transfer. Then you need to configure a payment method and verify the payment. The same thing goes for e-wallet. Although you will need the wallet address for e-wallet transfer.
Security of NEO investments
When you invest in NEO in South Africa, security is one thing you need not worry about. NEO uses smart contracts to ensure that your investment stays safe. It also has some additional algorithms to ensure that there are no breaches or data theft issues. Plus, the open-source blockchain is decentralized.
How safe is it to invest in NEO?
Considering the stability and the historical data of NEO currency, it's quite safe to invest in NEO in South Africa. The currency uses blockchain with secure algorithms that prevent any unwanted activity. It also prevents your private data and your transaction data from outside attacks.
Is it safe to invest in NEO online?
NEO is developed on the top of blockchain technology, the same as Ethereum. Its parent company also has made some advancements to algorithms and petrified them. All these features protect it from online attacks and prevent any misuse of your data.
Then there are the fault handling algorithms to eliminate any instability and error possibility.
How to safely invest in NEO online
Like every other cryptocurrency, NEO also comes with multiple safety layers to prevent unwanted activity. However, if you want to buy crypto online, there are some pointers to consider.
● Do a background check of your broker
● Use safe wallets and strong logins for your account.
● Think of the benefits but also understand the risks of NEO investments
● Understand the volatility of NEO before making a deal
● Take the standard cybersecurity measure and never use an open network for accessing your ANS account.
Can you buy NEO?
NEO currency was founded by a Chinese company in 2014, but it's globally accepted. So, as long as you have the required wallet, a working ID, and a quality NEO trader, feel free to buy Neo in South Africa.
Is NEO a good buy?
The NEO currency comes with both Proof-of-work and Proof of Stake consensus. Its makers have also introduced Delegated Byzantine Fault Tolerance in the NEO blockchain. Thus, the currency provides both security and stability. Thus it's a good buy for anyone interested in Cryptocurrency investment.
Is NEO a good long term investment?
The Antshare company that later got renamed NEO started in 2014. When it got renamed the total value of one token was approximately $0.1. Presently, the NEO token values nearly $29.01. So, yes, it's a great future choice for anyone looking for earning some profit.
Where can I buy NEO?
There are multiple places to buy NEO assets. You can get these digitized assets from a trader, an online website, or a wallet. The NEO homesite is also selling NEO for users.
How do I buy NEO with a credit card?
The process of buying NEO through a credit card is non-complicated and straightforward. Simply log-in to your exchange account, navigate to the purchase section, and fill in the amount of tokens you need. Then simply select the credit card as your payment option and checkout.
How to buy NEO in South Africa?
Buying NEO in South Africa is not much different than buying it from any other country. You just need to create an exchange account login into it and make a deposit. Then you can trade the deposits for NEO tokens.
What happened with NEO?
The open-source blockchain NEO started in the year 2014 by the name ANT or Antshare. The Chinese Ethereum stayed in the market and then got rebranded in 2017. It was valued at $0.1 per token at that time. However, the coin raised gradually and attained a high value of approximately $160. It also attained a rich market capital. Presently it acquired a market cap value of $2,048,534,355.92 and ranks as the 34 most popular crypto assets.
Why did NEO drop?
NEO provided customers with more features and flexibility than most other currencies. But it's still a work in progress and has faced some controversies in the past. For instance, the NEO nodes went offline resulting in a network crash. The issue was immediately attended, but it created doubts, thus its value dropped.
Why did NEO rise?
NEO was developed to be better than other cryptocurrencies with the vision to build a future economy around digital assets. It moved ahead of the common proof of work or proof of stake algorithm and also added a unique fault tolerance algorithm, making it very advanced.
And then there is the flexibility and ease of use that comes with it. Each of these factors made it convenient, hence, contributed to its popularity.