Frequently asked questions

Neo is often cited as a Chinese alternative to Ethereum. It’s a blockchain-based platform with its own native coin, which aims to ultimately become a distributed smart-economy through the use of smart contracts. It was founded in 2014 by Da Hongfei and Erik Zhan, under the name ‘Antshares’. It wasn’t until 2017 that the Neo name was adopted.

By owning Neo, you gain the right to vote on Neo blockchain governance. Neo generates GAS tokens, which are a separate asset used to pay transaction fees and smart contracts. Of course, you might trade and hold Neo without concerning yourself with the internal governance of the blockchain.

Neo is one of the few coins whose ticker is the same as its cryptocurrency's name, albeit capitalised.

The price of Neo is heavily tied to the crypto market in general, and in particular to that of Bitcoin. If the rest of the market is surging, then you can be fairly sure that Neo will also be enjoying a period of growth.

With that said, it’s also worth paying particular attention to the regulatory environment in China, as sudden movements by the authorities there could conceivably push Chinese traders into, or away from, Neo.

Investors can buy NEO on a number of crypto exchanges.

Is now a good time to buy Neo? Frankly, we don’t know.

But there are several strategies when it comes to crypto investing. One approach is to buy in when price slips. In the crypto community this strategy is known as "buying the dip" (BTD).

Another strategy is dollar-cost averaging: investing a certain amount of money on a set schedule, say $100 every Monday morning. Dollar-cost averaging seeks to average out the lows and highs over time.

No matter which strategy you choose, Cryptoradar’s price alerts help you to not miss a dip, and adhere to your investment schedule.

There are risks associated with any investment. Crypto markets are particularly volatile, with large upswings and downswings. Only invest as much as you can afford to lose.

When it comes to choosing a crypto exchange, there are also a couple of thinks to be wary of.

Before you can start trading, a crypto exchange will ask you to verify your identity. This is necessary because of anti-money-laundering laws. The verification process and time can differ significantly and take anywhere from minutes to weeks.

All crypto exchanges charge a fee or a spread to finance their operations. Fees can differ significantly among exchanges, so make sure to get a good deal.

Additionally, make sure that your preferred crypto exchange supports the payment methods of your choice, but be aware of any additional payment fees that may apply.

Last but not least, if you’re new to crypto, make sure that your chosen platform is easy to use and has good customer support. This helps you avoid making costly mistakes.

The way that you invest in Neo will depend on the exchange you’re using. Some will only allow bank transfers, others will allow other services like PayPal. You can compare your options when it comes to exchanges using Cryptoradar.

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