What crypto exchange can I use to buy NEO?
Every major Australian cryptocurrency exchange offers the cryptocurrency NEO on its platform. However, not all platforms are secure, reliable or offer reasonable fees. If you're looking to invest in NEO with high security, low fees and responsive customer support, you should use the CoinSpot exchange.
CoinSpot is Australia's most secure exchange and is has undergone an external audit by SCI Qual International (an accredited JAS-ANZ certification body), and awarded the ISO27001 Standard Security Certificate. It is the only Australian exchange to be awarded this security certificate. To learn more about CoinSpot, you can visit our CoinSpot Review.
How to buy NEO in Australia for low fees
The simplest and easiest way to purchase NEO in Australia is through the CoinSpot exchange. In this method, we outline for Australians how to purchase the cryptocurrency NEO with 0.1% fees. Follow the below steps to get started.
- Sign Up: Create an account on CoinSpot and verify your identity.
- Deposit Funds: Choose a method and fund your CoinSpot account.
- Find Crypto: Click the 'Markets' tab and select the 'NEO/AUD' market.
- Buy Crypto: Input the amount of AUD you wish to invest and tap 'Buy NEO'.
What is the NEO cryptocurrency?
Neo Cryptocurrency is a digital asset that uses blockchain technology to facilitate secure and anonymous peer-to-peer transactions. Unlike other cryptocurrencies, such as Bitcoin or Ethereum, Neo Cryptocurrency is not based on proof-of-work (POW) or proof-of-stake (POS) consensus mechanisms. Instead, it uses a unique Byzantine Fault Tolerance (BFT) consensus algorithm that is designed to be more scalable and energy efficient.
What makes Neo Cryptocurrency unique is its smart contract functionality. Smart contracts are computer programs that can automatically execute transactions and agreements between parties without the need for third-party intermediaries. This allows for the development of decentralised applications (dApps) on the Neo platform.
To date, there are over 100 dApps built on Neo, ranging from games and social media platforms to exchanges and wallets. With its strong community support and robust technology, Neo is well positioned to become the leading smart contract platform in the coming years.
Is it expensive to buy Neo crypto in Australia?
It can be very expensive depending on what exchange you use to buy the token. Although, through CoinSpot it is virtually free because CoinSpot offers free and instant AUD deposits plus the lowest trading fee in crypto at a small 0.1%. Refer to the list below for a quick overview of the fees on CoinSpot.
- PayID, POLi, Osko, Bank Transfer - Free & Instant.
- BPAY - 0.9% & 0-2 business days to deposit.
- Credit/Debit Card - 2.58% & Instant.
- Cash Deposit - 2.5% & Instant.
- Market Buy: 0.1%
- Instant Buy: 1%
There are no additional fees you need to pay on the CoinSpot exchange, these are the only fees charged on the platform. You can find a full breakdown of the exchange fees through CoinSpots Fees Schedule.
NEO Crypto Live Price in AUD
Below you can find the live price of the cryptocurrency, NEO in Australian dollars.
The Bottom Line
To sum up, the NEO cryptocurrency is a digital asset that uses blockchain technology to facilitate secure and anonymous peer-to-peer transactions. The best way to buy NEO in Australia for low fees is through the CoinSpot exchange, which offers free and instant AUD deposits plus the lowest trading fee in crypto at just 0.1%.