What is NEO?
One of the pioneers of non-commercial open-source blockchain projects is the Neo platform. It is called the Chinese version of Ethereum, because it targets the same market: the creation of decentralized applications, DeFi financial tools, and the development of smart contracts. Thanks to it, a smart digital economy is being created.
Neo (formerly known as Antshares) is a popular coin that is included in the list of TOP-100 coins.
There is an entire ecosystem behind the cryptocurrency, which includes a blockchain platform, management and research organizations, as well as development groups scattered around the world. Neo's primary use is platform management through a voting process. Apart from this, Neo’s review shows that it can be used for:
- Investment and trading.
- Instant P2P transactions. Advantages: low fees, high speed and security.
- Payments on partner resources, in applications, sites. The coin is inferior to the giants BTC, ETH, but its ecosystem is steadily growing as its popularity increases.
- Passive income through exchanges and DeFi.
Cryptocurrency trading is available to everyone today and it's easier than it seems. We will tell you about everything in order and you will understand that you can buy NEO coin today. If you have little knowledge or little capital, there is the IQ Option platform that allows you to learn and train for free. Use your chance, register and get $10,000 on a demo account, as well as a reduced minimum deposit of $10!
The trading platform is a great opportunity for those who want to buy NEO in South Africa. You can trade binary options or CFDs on various assets.
Binary options - a forecast of whether an asset will increase in price or not. For example, whether the USD/EUR currency pair will rise in price or whether the Bitcoin exchange rate will fall. Binary options work like this: a trader makes a forecast that the asset will rise or fall in price over a period of time. After the end of the term, we look at the result. If the forecast turns out to be correct, then the trader gets his bet back + up to 92% profit. If not, it loses only its bet.
There are many platforms for buying and selling NEO coins. But it is important to choose the best one. This is a trading platform that you can try right in your browser. Then you can download free apps for PC and smartphone which will speed up the software. IQ Option will allow you to:
- Use multilingual intuitive interface
- Prepare on a demo account for real trading
- The minimum deposit for a trading account is only $10
- Investments in more than 250 assets from $1
- Trade more efficiently with a free database of indicators
- Analyze the market situation with the help of news
- View full trading history on your IQ Option account
- Conduct technical analysis with different timeframes from 5 seconds
- Trade with a full set of trading orders: market, pending and stop orders
- Possibility to use leverage
- Get help from technical support 24/7
CFD is a financial instrument that allows you to speculate on the difference in prices of the underlying asset, which is shares or any other instruments. When trading CFDs, the security or precious metal itself is not purchased. That is, the trader does not receive a part of the company or a physical unit of the precious metal in management. However, the pleasant surprise of trading CFDs is that the trader does not have any additional obligations in connection with the ownership of a share.
How to start investing in NEO?
Every trader can start to invest in Neo.Trade CFDs on NEO, other cryptocurrencies, as well as currency pairs, stocks, indices, ETFs and commodities with the award-winning IQ Option platform!
How to register in the IQ Option?
To try to invest in NEO in South Africa, the first thing to do is to register on the platform. It's easy, you can do it right now. Click on the green button on this page and fill out a simple registration form. After filling it out, you will be automatically redirected to the broker's trading room, where you can get acquainted with the platform. Enter your details in the registration form:
An email confirming your registration will be sent to your email. Follow the instructions in the email and complete the registration.
Take the first step towards comfortable trading. Whether you're a beginner or a pro, you'll love the interface and features of the platform. We are sure you will stay with us for a long time.
How to open a demo account?
As soon as you enter the platform, the system will notify you that 2 accounts are available to you: demo and real. You will see a window like this:
In fact, no matter which account you start with, both accounts are already available to you. One of them is a demo account with $10,000 in the account, and the second one is a real account with a zero balance. For example, you choose a demo account. You will see on the top panel the balance available for trading - $10,000. This is not a real amount with which you can learn, train, practice new strategies. The interface of the real and demo account is the same, so it will be easy for you when you start real transactions. The only disadvantage of a demo account is that you cannot withdraw profit from it, but there will be no loss either. Try it! It's free, unlimited and you can top up your account when the amount runs out.
How to open a real account?
When you are ready for real deals, you need to deposit at least $10 into your real account. In fact, you can deposit any amount that you consider comfortable for yourself. But the broker makes trading accessible to all traders with any budget. How to make transactions on a real account:
- On the top panel, use the “+” sign to select an asset from more than 250 types.
- Pay attention to the price trend. The market may be in an uptrend or downtrend. If you think the price will be higher by the time the trade expires, you should click on the "Higher" button. If you think that the price will fall, you should click the "Down" button.
- On the right panel, you can set up your trade - select the amount, specify the Stop Loss, Take Profit level, etc.
- After choosing a trading instrument and determining the direction of the trend, open a deal.
How to fund a deposit?
After registration, you will have a personal account. It has an item "Deposit Funds". You can also use a separate button in the upper right corner of the platforms - it is called “Deposit”. Next, you need to choose one of the payment methods (debit card, electronic payment systems). Please note that this method will also be used to withdraw funds. Then select the amount and currency of the account. Please note that the account currency can only be selected once - at the time of the first deposit. So think carefully. The following currencies are available for you to open an account: ZAR, USD, EUR, GBP.
How to withdraw money?
You can also withdraw funds through your personal account.
- We go to the office by clicking on the profile picture in the upper right corner, select the menu "Withdraw funds".
- Next, you will be redirected to the official website to select the withdrawal method.
- After that, specify the amount from $2 and the necessary details.
You can also check the status of the application in your personal account on the IQ Option website.
You can also create a withdrawal request from the mobile application, it's very convenient, download for Android and Ios for free!
Security of NEO investments
The safety of investing in NEO and other assets depends on many factors. One of the main points that you should pay attention to is, of course, the broker through which you will conduct transactions. Choose a reputable and reliable service provider. IQ Option has been on the market since 2013 and today it has more than 40 million registered users.
How safe is it to invest in NEO?
Also, the security of investments depends on the trader himself, his knowledge, experience, what strategy he uses and how he manages his capital. In order to reduce the risks for you, IQ Option gives you all the conditions. Perpetual demo account, technical analysis tools, minimum trade amounts. Start with small investments and use the rules of risk management. An important piece of advice that any experienced trader will give you is to keep learning and practicing. Good luck! Register and try to buy crypto!
Can you buy NEO?
Yes, you can purchase NEO and other assets on the trading platform with CFDs. The minimum deposit is only $10. And the minimum investment is only $1.
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. With the help of CFDs, you can profit both on the rise and fall of the asset, so with the right strategy and analysis, NEO will be a good investment option. Diversify your portfolio and try different assets.
Is NEO a good long term investment?
No one can say what will happen in the future, if we analyze digital currencies, we will see strong volatility and dependence on third-party factors. In general, many analysts predict a great future for all cryptocurrencies.
Where can I buy NEO?
You can buy NEO and other liquid digitized assets on the IQ Option online trading platform.
How do I buy NEO with a credit card?
Using a credit card, you can fund your real account on the platform, and then carry out a transaction on the purchase and sale of the NEO cryptocurrency on it.
How to buy NEO in South Africa?
Register on a modern and functional platform, replenish your account and open deals from $1! Learn, communicate and become part of the IQ Option trading community.