Buying NEO is not easy, but this step-by-step tutorial will guide you through all the difficulties.
To buy NEO with USD, you first have to download wallet and set it up. I suggest using the NEON Wallet. It is a safe and easy to use wallet. It is also possible to keep your NEO coins on the exchange.
Next, get your credit/debit card ready and procceed to coinbase.com. You will see a screen similar to this:Go to Coinbase
Enter your email address and click on “Get Started“.
Next, you will be presented a signup form asking for your first name, last name, e-mail, a strong password and a 18+ confirmation box.
After you have done this, an email verification mail is send.
Proceed to the next step by confirming your email address.
Now, you will be presented a signup form asking some more personal information and your preferred payment method (debit, credit or bank transfer).
After selecting your payment method you have finished creating your Coinbase account and can start trading cryptocurrency!
Because there is currently no direct NEO/USD Trading pair, you’ll first have to buy Bitcoin through Coinbase.
Don’t worry, buying and selling Bitcoin on Coinbase is a piece of cake.
Click on the Buy/Sell tab at the top of the page, you will be presented the following screen:
Here, you will choose how much USD/EUR you want to spend on Bitcoin, which we will use to buy NEO afterwards.
When buying bitcoin, there is a limit of $300 / week before the need to provide a form of identification. This can be done with your passport, identity card or drivers license.
If you do not plan to spend more than a couple of hundred dollars a week on NEO or other cryptocurrency. You can skip this identity verification process.
When buying Bitcoin on Coinbase there is a small fee involved. This small fee is more than worth it for the easyness of the platform.
When your purchase of Bitcoin on Coinbase is complete we can start moving your funds to the NEO trading platform Binance.com. Do not be overwhelmed by the platform. It is actually pretty easy to use.
When you go to Binance you will be presented with the following screen:Go to Binance
The first thing to do is click on Register on the top-right.
You will be presented a signup form.
To start trading on Binance you will only need to fill in your email address and a strong password. The greyed out field is information about who referred you.
Just like Coinbase, Binance requires you to verify your email address.
After verifying your email, continue to Login with your email address and password.
After logging in, a popup asking for extra security will show. We will skip this part for now, but I definitely suggest using 2FA for more advanced security.
On your dashboard, click on Funds -> Deposit & Withdrawals in the top right menu.
On the Deposit & Withdrawal page, search for “BTC” exactly. Those 3 letter B-T-C and not a single more (these are other coins).
Click the Deposit button for BTC – Bitcoin and copy your deposit address.
Once copied go back to Coinbase.com.
Click on Account in the top menu.
Next, press Send on the Bitcoin Wallet and an interstitial will open up. The first field which says “Enter a BTC address” is where you past the BTC Deposit Address from Binance.
Choose how much Bitcoin you want to send. It is also possible to choose the amount of BTC by USD.
Leave the Note empty, unless you want to send yourself a message, and press Continue.
When the transaction is confirmed, we can leave Coinbase behind and go buy NEO.
After some time (can take up to an hour some days), our Bitcoin will have arrived on Binance. You will now see your BTC balance in Deposit & Withdrawals.
Use the top menu and click on Exchange -> Basic.
This is where all the trading happens. It might look scary, but it is much easier than it looks.
On the right side of the screen you have a small search box. Type in NEO and press search.
In the table under “Pair” you should now see NEO/BTC. Click on this.
Afterwards go down to the boxes under the chart. We are currently only going to use the left one with the green “Buy NEO” button.
The three important fields in this form are: Price, Amount & Total.
DO NOT manually change the price. One small mistake here, like accidentally removing and 0 and making the price 0.04957 instead of 0.004957 can make you lose money real quick. Leave the price as it is, this the price NEO was last traded at.
Change the amount to how much NEO you want to buy. You can use the 25%, 50%, 75%, 100% to automatically fill in the field with the percentage of your current BTC balance. If you want to put all your Bitcoin in NEO, click on 100%.
The total field is greyed out and will show you exactly how much NEO you will get for that price.
After you double checked everything, click on “Buy NEO”.
Congratulations, you have now bought your first NEO!
Or wait… If the price went up after you landed on the Exchange screen, you might have to wait a bit for the price to go back down.
If you want to buy immediately without waiting, click the lowest red number on the right. This will change your “Price” in the form. Now you just have to click on Buy NEO again to complete the trade!
You can always cancel your order if you scroll down a bit, setting/cancelling an order does not cost anything.
Coinbase currently supports following countries to buy NEO:
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