What is NEO & Where To Trade It

Below is the Best10 Team's choice of the best NEO Brokers & Exchanges available. We have narrowed the selection for you based on security, functionality, instruments, commissions and ease of use.

Best10 selects

Broker
Features
Our Score
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Best Provider 2021
  • $200 Min. Deposit
  • 24/7 Trading
  • CySEC & FCA Regulated

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Most Popular Choice
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Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
3000+ Stocks
$200 Minimum Deposit
Mobile App
  • No.1 trading app in the UK and Germany
  • Regulated by FCA
  • Zero commission stock trading service

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Most Popular Choice
Visit Broker
Your capital is at risk
10K+ Global Stocks
$10 Minimum Deposit
Mobile App
  • Low spreads
  • No commissions
  • Fast execution.

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Most Popular Choice
Visit Broker
Your capital is at risk. Other fees may apply.
2000+ Instruments
£100 Minimum Deposit
Mobile App
  • Currently unregulated
  • Low trading fees
  • Mobile and desktop apps available
  • Registered in Saint Vincent and the Grenadines

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Most Popular Choice
Visit Broker
Your capital is at risk
All Main Cryptos
$100 Minimum Deposit
Mobile App

What is NEO?

NEO is a 'next-generation smart economy platform'. There is uncertainty over the name, some believe the developing team named the currency either after a popular character in the movie franchise, The Matrix. Others argue that NEO is the Greek word for young - and that is precisely what the crypto token is.The altcoin has also been called 'The Ethereum of China'.

Hype is a by-word for NEO. Its constant inclusion in 'this year's biggest etc.' news articles highlight the possibilities, but a lot of the hype does stand up to scrutiny.

NEO is underpinned by smart contracts. NEO is the true embodiment of contractual law in the digital age. It typifies 'law as code' as a moral and legal foundation within the blockchain technology. NEO's smart contract platform has a range of exclusive functions:

  • Delegated Byzantine Fault Tolerance Algorithm- This is algorithmic move away from proof of work/stake to a more consensus-led mechanism that allows consensus interaction despite malicious intentions.
  • NEO Contracts- This is the mechanism that creates seamlessly scalable, high-performance smart contracts that integrate with diverse codebase environments and ecosystems.
  • NeoQ- Is the cryptography behind NEO smart contracts that utilise a lattice-based formula that create secure solutions that cannot be hacked - even by quantum computing.
  • NeoX- Is an integration tool that allows NEO smart contract technologies to link seamlessly within different blockchain ecosystems.
  • NeoFS- is a decentralised storage hub, with similar antecedents to DropBox, that functions as a blockchain peer-to-peer storage experience.

Why the big fuss?

NEO is a 'managed' crypto token. It isn't 'mined' in the traditional way and is centralised in terms of distribution. People are 'issued' NEO coins without having to undertake any computational problem-solving experience linked to a mining outcome. The NEO platform makes money from sales and controls the infrastructure. In essence, the NEO coin has already been 100 percent pre-mined. This is part of the Smart Contract backbone that offers the 'proof of stake' experience. The first 100 million NEO coins were divided into a public and privately managed portfolio, ran by the NEO council, the team behind NEO.

What can I buy with NEO?

The NEO ecosystem is still in its infancy. The embryonic nature of the development of crypto technology has only just seen market leader Bitcoin become a somewhat accessible crypto token. NEO has a lot of maturing to do in order to match this experience. However, remember this, one Bitcoin (4/28/2021) will cost you $54,350, and a single NEO coin will set you back $92. Perhaps, the question isn't what you can buy with NEO but what you could buy with NEO in the future?

Where can I buy, sell or trade NEO?

We recommend you buy, sell or trade NEO through a trusted broker. Our favourite is at the top of this page.

Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Before deciding to trade in financial instruments you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Best10Stockbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Best10Stockbrokers and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Best10Stockbrokers and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Best10Stockbrokers may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.