It’s no secret that Binance is one of the most popular cryptocurrency exchanges on the planet. But what about NEO? Can you buy it on Binance?
The answer is a resounding yes! Not only can you buy NEO on Binance, but it’s actually quite easy to do. In this article, we’re going to show you how to buy NEO on Binance in just a few simple steps.
Before we get started, however, there are a few things you should know. First, you’ll need to have some Bitcoin or Ethereum in your Binance account in order to buy NEO.
Secondly, the process we’re about to show you is for buying NEO with Bitcoin. If you want to buy NEO with Ethereum, the steps are essentially the same.
Now that we’ve got that out of the way, let’s get started!
Step 1: Log into your Binance account and click on “Funds” at the top of the page.
NOTE: This is a warning note to inform users that they cannot directly buy Neo on Binance. Binance is an exchange platform, meaning that it only facilitates the trading of cryptocurrencies and does not directly sell them. Therefore, users must purchase Neo from another source before depositing it into their Binance account in order to trade it.
Step 2: Search for “NEO” in the list of currencies and click on the “Deposit” button next to it.
Step 3: Copy the wallet address that pops up or scan the QR code with your mobile wallet. Then send some Bitcoin or Ethereum to that address.
Step 4: Once your deposit has been completed, click on “Exchange” at the top of the page and select “Basic”.
Step 5: On the left side of the page, find “NEO/BTC” under the “Markets” section and click on it.
Step 6: On the right side of the page, under the “Buy NEO” section, enter how much NEO you want to buy and click on “Buy NEO now”.
And that’s it! You should now see your NEO in your Binance account ready to be traded or sold.
As you can see, buying NEO on Binance is a pretty straightforward process. So if you’re looking to get your hands on some NEO, Binance is definitely one of the best places to do it.
8 Related Question Answers Found
NEO is a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts. NEO is often referred to as the Chinese Ethereum. NEO was founded in 2014 by Da Hongfei and Erik Zhang.
As of now, you cannot stake NEO on Binance, but there are rumors that this may change in the future. NEO is currently the 8th largest cryptocurrency by market cap, and is often considered to be the Chinese equivalent of Ethereum. NEO uses a unique consensus mechanism called dBFT, which is supposedly more energy efficient than Proof of Work.
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