How to Buy NEO in Ireland

Last Updated July 23rd 2021
5 Min Read

If you’re based in Ireland and wish to buy NEO – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many NEO tokens you want to buy.

NEO is a Chinese blockchain developed to provide distributed network for the smart economy. The platform is usually culled from China’s Ethereum and is formally known as AntShares. It facilitates the development of smart contracts and digital assets.

The protocol has two tokens – GAS and NEO. The latter is used within the network while the latter has a broader use as it is also exchanged in crypto brokerage platforms. The NEO cryptocurrency has become very popular over the years, becoming one of the 10 largest crypto assets by market capitalization.

This has drawn so many investors into the token. If you’re looking to become an investor or want to buy a NEO token, the guide below will provide all the answers you seek.

What's in This Guide?

The guide provides information relating to where you can buy NEO and how you can buy the token. It also explores the two options you have when buying NEO in a crypto exchange. Furthermore, the guide provides step-by-step instructions when buying NEO as well as how to sell NEO in a crypto exchange. You will also learn about how NEO works and the things you need to consider before investing in the crypto asset.

  1. QUICK GUIDE: HOW TO BUY NEO IN IRELAND
  2. Where to Buy NEO in Ireland
  3. A Step-by-step Guide to Buying NEO in Ireland
  4. How to Sell NEO
  5. Which Wallets Can I Use to Hold NEO?
  6. How NEO Works
  7. Key Things to Consider When Buying NEO in Ireland
  8. FAQs

QUICK GUIDE: HOW TO BUY NEO IN IRELAND

  1. Open an account with a cryptocurrency exchange.
  2. Verify your account.
  3. Go to the deposit section
  4. Go to the platform and select NEO
  5. Enter how many NEO coins you want to buy.
  6. Check the details and confirm your purchase.

Where to Buy NEO in Ireland

If you’re looking to buy NEO in Ireland, the ideal place to go is a cryptocurrency exchange. That’s because there it will be easier, safer, and more efficient to buy the crypto asset. Even when you want to sell it, you will find loads of trading pairs in different currencies.

A Step-by-step Guide to Buying NEO in Ireland

There are two ways you can buy NEO in a crypto exchange in Ireland: buying with fiat currency and buying using other cryptocurrencies.

Buying NEO with other cryptocurrencies

If you have another crypto asset such as Bitcoin (BTC) or Ethereum (ETH), it will be easier to buy NEO cryptocurrency. Once you register with the crypto exchange you can deposit funds to the exchange easily from your crypto wallet.

Buying NEO with fiat currency

If it’s your first time buying a crypto asset or you don’t have any other cryptocurrency in a wallet, buying NEO with fiat currency is your only option. Although there aren’t many exchanges that accept fiat currency deposits, you can find few good ones that offer such service. The following guide will help you easily buy NEO in a crypto exchange in Ireland.

Step 1: Register for an account with an exchange

Before you do anything, you will need to open an account with a crypto exchange. Of course, you have to find a broker that accepts fiat currency deposits. After selecting the exchange, proceed to the registration section and enter the relevant details. This may include your email address, proof of ID, and residential address. The details are required to satisfy KYC (Know Your Customer) laws before allowing you to deposit funds into the exchange. Also, it’s necessary to enable two-factor authentication (2FA) to give your account more protection.

Step 2. Deposit funds into your account

The next step is to deposit funds into your account. Since you have selected the crypto exchange that accepts fiat currency deposits, navigate to the deposit section and select the fiat currency deposit option. Here, you will have to choose which type of fiat currency deposit you want to make – credit card, debit card, PayPal, or direct bank transfer.

After choosing the ideal deposit option for you, enter the amount you want to fund and complete the transaction. A notification email will be sent to you once the transaction is executed.

Step 3: Buy NEO

Here is the part where you have to go over to the market section to buy the NEO token. Search for the currency pairing NEO/EUR. If you don’t find this option, you should look for the ETH/NEO or BTC/NEO option, which is available on almost all exchanges offering NEO tokens. Once you have bought the ETH or BTC tokens, it will be easier to buy NEO.

Enter the amount of NEO tokens you want to buy and review details of your transactions, including total costs, before finalizing the purchase.

How to Sell NEO

If your NEO cryptocurrency has added in value, you may be looking to sell it for profits. Well, selling NEO is also very easy to do. You will need to follow a similar process outlined in step 3 above. But here, you will be clicking the “Sell NEO” link. Also, you may need to buy other cryptocurrencies first before selling them to get the cryptocurrency you want.

Which Wallets Can I Use to Hold NEO?            

A crypto exchange can serve as a custodian to your NEO tokens, but that’s only necessary if you’re planning to place trades regularly on the exchange. If you are buying NEO to store for a long time, it’s important to have a hardware wallet where you can hold the tokens and keep them safe. You can also consider a software wallet if you want to access the tokens regularly.

How NEO Works

NEO is a community-based blockchain project that uses blockchain technology to digitize assets. It also uses the network to create a smart community with a distributed network.

NEO provides features such as digital identity, digital assets, dApps, and smart contracts. Its native token, NEO, is traded across multiple exchanges. It has become very popular within the crypto community.

Key Things to Consider When Buying NEO in Ireland

NEO is volatile

NEO and other cryptocurrencies are highly volatile and speculative. So, when buying or holding the token, it’s important to understand that prices can change at any time, leading to massive gains or great financial losses.

Competition

The level of competition for any crypto asset can have an impact on its adoption. Unfortunately, NEO is competing with platforms like the well-established Ethereum, and other ones like LISK, EOS, and Cardano.

Usage and divisibility

Holders of the NEO tokens have the right to manage the network. They can contribute to some salient decisions regarding the network’s future. This makes it a participatory thing, as all holders will be taking the best decisions that will make the platform grow.

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FAQs

Where can I buy the NEO token in Ireland?

NEO can be easily purchased in some cryptocurrency exchanges in Ireland?

Can I buy NEO with fiat currency?

Yes, some crypto exchanges allow deposits using fiat currency?

How do I sell NEO?

Selling NEO is also easy, as you can sell the token on the crypto exchange you bought it.

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