Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Neo. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of popular and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Neo. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Neo in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Neo in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Neo, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Neo.
Alternatively, if you want to know more about which exchanges we like, check our comparison of the top cryptocurrency trading platforms.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Neo, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Neo
The final step is to go to their asset list, find Neo, navigate to the buy section, and then trade your AUD for some NEO. Once you’ve bought Neo, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Neo (NEO)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
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How to Sell Neo
If you’re thinking about selling Neo, just follow the steps below.
- Sign in to the cryptocurrency trading platform (like Swyftx).
- Click on Neo in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Neo for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Neo in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Neo with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Neo. Have a look on their site first, you might be lucky.
How to buy Neo with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Neo with your credit/debit card.
Neo is a "acceleratingly growing, developing ecosystem" which aims to be the foundation for the next generation of internet. The new economy will bring together digitalized assets, payments, identities, and other information.
Antshares, the original name of this project, was China's first public blockchain. It was launched on February 2014. Neo was chosen as the new name of the open-source platform three years later.
This project established a global community for developers to build new infrastructure and lower entry barriers. The EcoBoost initiative was also launched by the team behind this project to encourage others in building decentralized apps on blockchain.
It has been compared with the Chinese version of the Ethereum network.
One of the Neo blockchain's unique selling points is its continuous development. This makes it future-proof and can handle sudden rises in demand. Neo 3.0 was developed by Neo Project. This improves network security and allows more transactions per second.
The network uses two native tokens: NEO and GAS. It's different than other blockchains. NEO, an investment token, allows users to vote for improvements to the blockchain. GAS is used to pay fees for transactions on the network.
Neo is the blockchain project with the most development funds. EcoBoost, which was launched in 2019, is described as an initiative that provides "full lifecycle support for high-potential projects" -- grants, technical support and promotion on social media.