{"id":226829,"date":"2019-05-19T11:48:58","date_gmt":"2019-05-19T15:48:58","guid":{"rendered":"http:\/\/insidebitcoins.com\/?page_id=226829"},"modified":"2021-09-03T19:31:37","modified_gmt":"2021-09-03T19:31:37","slug":"open-neo-wallets","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/open-neo-wallets","title":{"rendered":"How to Open a Neo Wallet in 5 Minutes \u2013 Best Neo Wallets"},"content":{"rendered":"
NEO is the 20th<\/sup> cryptocurrency by market capitalization and a popular investment choice for many crypto users. It has been in the market long enough to carve out its own niche in the smart contract platform market.<\/p>\n For anyone who is thinking of investing in NEO, one of the first things you might ask yourself is how to store your funds safely. Admittedly, there are numerous wallet solutions. But not each one is appropriate.<\/p>\n They offer varying levels of convenience, features, security and many other aspects that could impact your trading experience. In this guide, we will help you choose the best NEO wallet to suit your personal needs and preferences. Let’s get started.<\/p>\n\n \n Quick Guide: Create a NEO Wallet in 5 Minutes<\/strong> <\/span>\n<\/p> <\/p> Buy NEO<\/span><\/a>\n<\/p> 75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.<\/p>\n<\/div><\/div>\n<\/div><\/div> NEO is both the name of a blockchain platform and a cryptocurrency. It was initially known as Antshares after its launch by developers Da Hongfei and Erik Zhang in 2014. But in 2017 it rebranded to NEO.<\/p>\n Everyone who owns NEO uses a digital NEO wallet to keep track of it. Cryptocurrency wallets can be used to:<\/strong><\/p>\n Each NEO and cryptocurrency uses blockchain technology to complete transactions. However, crypto wallets cannot:<\/strong><\/p>\n <\/p>\n Create a NEO Wallet<\/span><\/a>\n<\/div><\/div><\/div>\n Just like Ethereum, the platform is designed to run smart contracts, which are known as NeoContracts within its ecosystem. Unlike Ethereum though, it makes use of popular programming languages like C++, Python and Javascript.<\/p>\n The platform supports asset digitization, decentralized commerce and identification. Its overall objective is to create a foundational framework over which developers can build decentralized applications by executing their own smart contracts.<\/p>\n Another differentiating feature is the use of a consensus algorithm known as Delegated Byzantine Fault Tolerance (dBFT). This algorithm consumes less electrical energy and reduces the chances of a chain split.<\/p>\n If you are interested in making an investment in NEO, you need to buy NEO<\/a> coin and store it appropriately. There are numerous NEO wallets in the market that offer storage and transactional facilities for NEO holders. Which one should you choose? Read on to find out.<\/p>\n<\/div><\/div><\/div>\n <\/p>\n Binance is one of the most popular cryptocurrency exchange platform, which started out in China but later relocated to Malta, the Blockchain Island. It is still relatively new in the market as it only launched in 2017.<\/p>\n But in its short-lived existence, it has garnered a positive reputation thanks to its outgoing CEO, Changpeng Zhao, ICO listings and low trading fees among other merits. It has both basic and advanced trading features, but neither is ideal for complete beginners.<\/p>\n To get started with Binance and open your own Binance NEO wallet, follow these steps:<\/p>\n <\/p>\n Step 1 – Create Your Binance Account<\/strong>.<\/a><\/p>\n Go to Binance.com and register an account by submitting your email address and creating a new password for your account.<\/p>\n Check your email and click on the link in the mail from Binance.<\/p>\n This will take you to your new Binance account. Submit information about yourself so as to unlock the full functionality of the site.<\/p>\n Note: You can’t buy NEO with fiat money (like USD) on Binance.<\/strong><\/p>\n Step 2 – Go to “Funds” > “Balances”<\/strong><\/p>\n <\/a><\/p>\n This page lists all of the wallets in your account, starting with the ones that have coins.<\/p>\n Anytime you buy coins on the exchange, they will reflect in one of these wallets.<\/p>\n To send funds to your NEO wallet address, click “Deposit” so as to view the wallet address. From here on you can start trading and transacting in NEO.<\/p>\n<\/div><\/div><\/div>\n <\/p>\n Coinbase has been around much longer than Binance. It was launched in 2012 and in 2013, was ranked as the highest funded BTC startup as well as the largest crypto exchange globally.<\/p>\n Though this is no longer the case, it is still one of the most popular exchange platforms, with a presence in over 32 countries. Unlike Binance, Coinbase lets you buy NEO using fiat money, via bank transfer or credit card.<\/p>\n Here is how to open a NEO wallet on Coinbase:<\/p>\n Step 1: Create Your Coinbase Account<\/strong>.<\/p>\n <\/a><\/p>\n Go to Coinbase.com and create an individual account.<\/p>\n Enter your full name and email address and then set a new password for your account.<\/p>\n Coinbase will send you a link; check your email and click on the link to access your account.<\/p>\n <\/p>\n Step 2: Find Your NEO Wallet<\/strong>.<\/p>\n <\/a><\/p>\n To see your NEO wallet, click “wallets” and this will also allow you to view your wallet address.<\/p>\n Send the Neo coins you buy to this exchange wallet as they await transfer to a new long-term storage wallet.<\/p>\n<\/div><\/div><\/div>\n <\/p>\n Exodus is a software wallet for your desktop. It is compatible with the major PC operating systems and recently had an iOS version launched for Apple device users.<\/p>\n It has been around longer than Binance as it was established in 2016 by JP Richardson and Daniel Castagnoli.<\/p>\n As a multi-currency hot wallet, it supports over 100 digital assets and is easily accessible for transactions. In addition to the wallet, Exodus’ software consists of a built-in crypto exchange platform and a portfolio tracker.<\/p>\n If you would like to open a wallet on Exodus and start using NEO, here’s how:<\/p>\n To download and set up this wallet, follow these steps:<\/p>\n Step 1: Download Exodus<\/strong>.<\/p>\n <\/a><\/p>\n Download the wallet at Exodus.io (Exodus is desktop only). Install it following the prompts it provides on your screen.<\/p>\n Step 2: Open Your Exodus NEO Wallet<\/strong>.<\/span><\/p>\n <\/a><\/p>\n Once you open your Exodus wallet, you will see the over 100 cryptocurrencies that the wallet can hold. To view your NEO wallet, click “Wallet” on the left side.<\/p>\n That will show you your wallet address and other details such as account balance.<\/p>\n<\/div><\/div><\/div>\n Infinito claims to be the first universal wallet, and true to this, it supports a wider range of crypto tokens than most others. Apart from the major coins, it also supports all ERC20, ERC223 and NEP-5 (NEO) tokens. And the list keeps growing every day.<\/p>\n The wallet is a product of Infinity Blockchain Labs, registered in the Isle of Man, UK. There are more than 70 team members working on it at present.<\/p>\n Besides offering a wide variety of coins, Infinito also supports touch ID, a convenient security feature that makes it unique. It also has contact management features that let users store frequently used contacts.<\/p>\n To open your own Infinito wallet and store or transact in NEO, here is what you need to do:<\/p>\n Step 1: Download Infinito Wallet<\/strong><\/p>\n <\/a><\/p>\n Go to the official site, infinitowallet.io and download the wallet app for your Android or iOS device.<\/p>\n Once the download completes, follow the prompts to install and open the wallet.<\/p>\n Step 2: Go to the NEO Wallet already within Infinito<\/strong><\/p>\n\n
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What is a NEO Wallet?<\/h2>\n
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Best NEO Wallet Providers<\/strong><\/h2>\n
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