How to Buy NEO coins with your Credit card?

By Prashant Jha

NEO cryptocurrency took everyone by surprise by its massive growth during the period of January to December, showing a rise of 49,000 % growth. Yup that’s the exact number and not a typo. 

The massive rise of NEO has attracted many crypto enthusiasts making it one of the better investment option for new entrants and established player. Among many queries that we have come across, one has been ‘how to buy NEO coins with your credit card?’

NEO has always been dubbed as ‘Ethereum killer’ or ‘Chinese Ethereum’ for its use of smart contracts. NEO works in a very blockchain centric way, where it focuses on creating digital assets of almost any of your asset through smart contracts. The developer team believes that it is not just a copycat of Ethereum, but a full-fledged solution of the future for a smart economy.

NEO works on the principle of two token policy, where one is called NEO (formerly called Ant shares) and the other one is called GAS ( formerly known as Ant coin)

Looking at the massive rise and its working principle, NEO has surely got a bright future, and people are showing investment interest in the digital currency.

You May Also Read: Will NEO be a Good Investment in 2019?

How To Decide The Best Exchange For buying NEO with your credit card?

Cryptocurrencies are a relatively new entity on the trade market and there have been hundreds of exchanges in the past who have robbed people of their investments directly or indirectly. So, before making a purchase, you need to be certain of the exchange from which you are planning to buy or trade your NEO coins Follow the guidelines mentioned below to zero on an exchange to start trading.

  • Make sure the exchange you have zeroed on has a good financial history.
  • Make sure the exchange has not been blacklisted or under the scrutiny of any law enforcing agency.
  • Check on the history of founders.
  • Make sure the coin you want to buy, sell or trade has a good trade volume on the exchange.
  • Make sure the exchange does not charge you outrageous withdrawal fees.
  • Make sure the exchange provide the option for trading in the crypto you want. Suppose you want to trade your NEO coins for Ethereum, then the exchange must have the NEO/ETH pairing.
  • Make sure the Exchange has a transparent policy and good customer support to help you in need.
  • Make sure the exchange hasn’t faced any serious security breach.

You May Also Read: Cons and Pros of NEO

From where can I buy NEO coins with my credit card?

Well, to be honest, there is no mainstream exchange which allows you to directly buy NEO using your credit or debit card. However, that does not mean the path ends there.

What you can do is buy a top cryptocurrency like Bitcoin or Ethereum from one of the reputable exchange and then trade your BTC or ETH against NEO on another exchange.

There are various exchanges which you can use for NEO or GAS trading, some of which has been listed below. The list also mentions the currency in which you can exchange the NEO, some uses BTC, ETH or both while a few also allows you to buy against fiat.

  • AllCoin: Bitcoin (BTC)
  • Any coin Direct: euro
  • BigONE: BTC
  • Binance: BTC, ETH (+ GAS)
  • Bitfinex: U.S. dollar, BTC, ETH
  • Bittrex: BTC, ETH, USDT
  • BCEX: BTC
  • Changelly: Multi
  • CoinEgg: BTC
  • CoinNest: South Korean Won (+ GAS)
  • CoinSpot: Australian dollar (+ GAS)
  • Coin Switch: BTC
  • Cool Coin: BTC
  • Cryptopia: BTC, Litecoin (LTC), Dogecoin
  • Cryptomate: U.K. Pound
  • Exrates.me: BTC, USDT
  • Gate.io: USDT (+ GAS)
  • HitBTC: BTC, ETH, USDT
  • Huobi: BTC + GAS
  • KuCoin: BTC, ETH, USDT, Kucoin Shares (KCS) (+ GAS and NEO quote currency)
  • LBank: BTC
  • OKEX: BTC, ETH, USDT (+ GAS)
  • Poloniex: (GAS only) BTC, ETH
  • Quoine: BTC, USDT
  • ShapeShift: Multi
  • TDAX: Thai Baht
  • UpBit: KRW, BTC, ETH, USDT

You May Also Read: Best Altcoins To Invest In 2019

Which Exchange is best For NEO?

The choice of best exchange dependent on individual’s preferences, however, we have compared

The following chart compares the four best NEO exchanges to give you better insight on trading exchanges.

Binance Bittrex Bitfinex Cryptopia
Company Location Japan Las Vegas, United States Hong Kong Christchurch, New Zealand
Customer Support E-mail, Social Media E-mail 24/7 E-mail, FAQ, Forum Chat support, E-mail, Forums
Futures? No No No No
Derivatives? No No No No
Margin Trading? No No Yes No
Has It Been Hacked? No No Yes No
Security Excellent Excellent Good Excellent
Tradable Coins AirSwap, ARK, Bancor, Binance Coin, Bitcoin, Bitcoin Gold, Bitquence, CTR, Dash, District 0x, Enigma, Enjin, EOS, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, and Zcash Bitcoin, Ethereum,  and Litecoin Bitcoin, Ethereum, Ethereum Classic, Litecoin, Monero, and Zcash Bitcoin, Dogecoin, Ethereum, Litecoin, and over 400 other digital coins
Trading Volume High High High, But Declining High
Deposit Fees? No No No No
Trading Fees 0.05% to 0.1% 0.25 % 0% to 0.2% 0.2%
Withdrawal Fees? No Yes No, Except Wire Transfers Yes

 

Source: Profit Confidential

Conclusion

NEO cryptocurrency with its phenomenal rise has surely staked its claims of being a long-term investment and a digital asset of future. The development team is determined to make the cryptocurrency a tech of future and a viable digital asset by using Ethereum smart contracts. If you are looking for investment into NEO, we would recommend you to first understand all aspects of the coin and then make a final decision.

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Prashant Jha

As a content writer Prashant believes in presenting complex topics in simple laymen terms. He is a tech enthusiast and an avid reader.

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