Welcome back to the crazy crypto world!
Today I am going to discuss one of the most trailblazing cryptocurrencies of this year – NEO.
In my last article on NEO, I covered everything that you should know about the NEO project and its two cryptocurrencies (NEO and GAS). If you haven’t yet checked out that article, you can do so here.
But one thing that I deliberately left out in my previous NEO article was about NEO wallets.
At the start of 2017, NEO was around $0.14 and now, it has settled down to its current price of around $11.60.
But while interest in the company grows, NEO’s project development hasn’t grown at the same pace, and it is still lagging in basic infrastructure like wallets which deal with the GAS cryptocurrency. Moreover, some scam NEO wallets like myneowallet.io bring in more confusion to this speculative market.
However, it would be wrong on my part to say that NEO doesn’t have any good wallets, but many NEO users are still facing a lot of basic issues.
Some of the challenges that NEO users/HODLERS face:
- Users don’t know which NEO wallet to use.
- They don’t know which NEO wallet generates GAS or not.
- They don’t know which NEO wallets support sending/receiving of NEO and GAS.
- They don’t know which NEO wallets are legit and which ones are scams.
All that said, NEO is a relatively new crypto-project, which is why it doesn’t have many wallet options available yet. But to support early adopters, there are still a few good options out there for storing it.
Here are some of the top exchanges that support NEO:
After a lot of research, I have found these 7 wallets to be the best as they allow NEO users to get the most out of their cryptocurrencies.
Top 8 Best NEO Wallets
If you are holding NEO for the mid-term or long-term, hardware wallet is your best bet to keep it secure and safe from prying eyes of the hackers. Ledger Nano S added support for NEO wallet in last quarter of 2017 and it works with the NEON wallet. You will also be able to claim your earned GAS using Ledger Nano S + NEON combination. Out of all the NEO wallets listed here, this is the most secure wallet.
The best thing that I liked after using the combination of Ledger Nano S + Neon wallet is; I don’t have to enter the private key or keep it on my computer. This reduces the chances of getting hacked by a great extent. Apart from that, one can send NEO or GAS only when they have access to my Ledger Nano S hardware device which makes it the most secure wallet for holding Neo.
Here is a video tutorial showing how to use Ledger Neon Wallet:
Ledger also supports other cryptocurrencies you can find all supported cryptocurrencies list here.
2. NEON Wallet (Desktop Wallet)
NEON Wallet is one of the best NEO wallets available right now in the market. It allows you to store, receive, and send both NEO assets i.e. (NEO & GAS).
The awesome thing about it is that you can claim your automatically generated GAS if you hold NEO cryptocurrency in the NEON Wallet.
While using the NEON Wallet for your NEO funds, you need not worry about security because your private keys are never stored on NEON’s servers. This means you control your funds.
I personally use this wallet and like it very much because of all these features.
This wallet was not developed by NEO developers (City Of Zion), but NEO developers have reviewed it thoroughly and found it to be 100% safe.
The NEON lightweight client is available currently on Windows, Mac, and Linux (in English only).
Download NEON Wallet for Windows, Mac, or Linux, and also check out the introductory video of NEON Wallet below:
3. Binance (Web Wallet)
Binance as well all know is a fast-growing exchange for buying/selling cryptocurrencies from anywhere in the world.
Binance exchange also has inbuilt wallets for HODLing different cryptocurrencies but there is a special thing about NEO wallet of Binance.
The NEO wallet of Binance also gives you access to the NeoGAS tokens on the 2nd of each month which is not done by any exchange wallet so far now.
That’s why HOLDing your NEO in Binance’s NEO wallet is highly rewarding unlike keeping it on other exchanges.
Note: However we are not telling you explicitly to go and store your NEO in a centralized exchange instead we are giving you an option if you are already holding your NEO in an exchange.
4. NEO GUI (Desktop Wallet)
This is the official desktop wallet for NEO developed by NEO developers.
It is a GUI wallet, meaning it will allow you to use it by interacting with a graphical user interface.
It is a synchronizing wallet, which means it will take some time to sync with the entire NEO blockchain. Once the sync is complete, you can make a new wallet with password protection and also take a back up of your wallet by importing your private key in WIF or HEX format.
As expected, this wallet will also allow you to store and transact in both NEO and GAS along with GAS generation rewards for holding your NEO tokens.
At present, it is available only for Windows 7 SP1 and later (in English and Chinese).
5. NEO Tracker (Web Wallet)
It is officially an offline wallet as it uses your machine’s browser to generate the necessary data, and nothing is ever stored on NEO Tracker’s servers.
It was not developed by NEO developers, but it uses some best practices to ensure the safety of your funds. When you generate an NEO wallet using this, it gives you a keystore file to download which contains your keys in an encrypted form.
For more specific details on development, visit here.
It is currently available through Chrome/Edge browsers (in English only).
6. NEO Wallet (Web Wallet)
NEO Wallet is a lightweight wallet developed and maintained by the NEO community. Though being a web wallet, it takes care of your NEO funds as nothing is ever sent to NEO Wallet’s servers. It allows you to create a wallet back up so that you control the private keys of your NEO funds.
In this wallet, you can store, send, and receive both NEO and GAS. It also allows you to claim GAS generation for holding your NEO tokens.
It is currently available through Chrome/Edge browsers (in English and Chinese).
7. Ansy (Paper Wallet)
Neo paper wallets are pieces of paper with the public address and the private address printed on them.
You can use the public address to send any amount of NEO to this wallet. The paper also contains a private address for you to use when you want to spend your tokens.
Since the keys are offline, printed, and secured by the owner, there is no threat of loss as long as the paper is secured.
You can use this for storing and spending NEO and GAS, but you won’t be able to claim GAS generated tokens with this wallet.
It is currently available through Chrome/Edge browsers (in English only).
8. NEO CLI (Desktop Wallet)
This is another official NEO wallet developed and maintained by the NEO team. The difference is that this is a CLI wallet, meaning it’s controlled by Command line prompts.
This wallet is for advanced users who are comfortable with the Command language. In this wallet, you can store, send, and receive both NEO and GAS. It also allows you to claim GAS generated tokens for holding your NEO tokens here.
At present, it is available only for Windows and Linux (in English only).
Best NEO Wallets Available
So that’s all from my side in this article. Hope this detailed insight on NEO wallets helps you in choosing the right wallet for yourself.
Always remember, never leave your tokens on an exchange.
In particular, with NEO, if you put your tokens into a wallet which supports GAS, you can earn free money!
So go ahead and find yourself a good NEO wallet!
Now it’s your turn to tell me: Are you invested in NEO? If yes, which NEO wallet are you using? Let me hear your thoughts in the comments below!
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