TOP > Cryptocurrency > How to buy NEO in the Philippines
August 22, 2019 Updated

Dubbed as the Ethereum Killer or Chinese Ethereum, it aims to be an even better currency than its predecessor. Find out how to invest in NEO in the Philippines.

BitPinas. NEO, known to many as the Chinese Etherium is slowly but surely making its way in the crypto exchange scene. One of the 20 best-performing digital coins, we will briefly discuss NEO and teach you how to buy one here in the Philippines.

This article had a slight modification on October 2, 2018.

NEO Philippines

What is NEO?

NEO is a non-profit blockchain project founded in China in 2014. It is the first to have a decentralized and open-source cryptocurrency in the said country. Some may recognize it as Antshares, which they later changed to its current name, NEO.

Dubbed as the Ethereum Killer or Chinese Ethereum, it aims to be an even better currency than its predecessor. It has the basic ETH functions and reinforced it to close the loopholes that, NEO claims, make transactions in ETH vulnerable to hackers.

How to buy NEO in the Philippines

Buy NEO at Binance

  • Binance is one of the largest cryptocurrency exchange in terms of volume. Register at Binance here. To buy from Binance, send your BTC from a wallet like Coins.ph to your Bitcoin wallet at Binance and then purchase NEO directly on that platform.

Buy NEO at Abra

Abra supports depositing fiat via local banks and through credit cards. You can exchange bitcoins for NEO within the Abra App. Should in case you want to cash out, you can do via partner merchants like Tambunting.

Buy NEO from Cryptocurrency Exchanges

Many exchanges globally trade NEO. We will use Bittrex as an example.

  1. How to fund your Bittrex account with your Coins.ph / Abra Account
  2. How to buy altcoins from Bittrex for beginners

Steps in buying NEO in Bittrex

  1. Sign up and have your account ready.
    1. Have a BTC account via Coins.ph or Bitbit.cash
    2. Choose your crypto-exchange site, we will go with Bittrex as an example.
    3. Open a new wallet by using one of these legitimate NEO wallets you can download HERE.
  2. Ready your Bitcoins in your Coins.ph or Bitbit.cash.
  3. Send BTC from Coins.ph to your Bittrex BTC wallet.
    1. Create your Bittrex BTC wallet address by clicking on the + sign.
  4. Buy NEO using your Bitcoin in Bittrex.
  5. After purchasing, transfer your NEO to your chosen wallet.

Other ways to buy NEO

  • You can get in touch with other NEO traders by joining legit NEO Facebook groups.
  • Bitfinex Crypto Exchange
  • Binance Crypto Exchange
  • HitBTC Crypto Exchange

Best NEO Wallets

NEO recommends the following wallets to store your NEO coins:

  • For mobile apps
    • NEO App
  •  For desktop
    • NEO-GUI
    • NEO-CLI
    • Neon Wallet
  • For Web
    • NEO Tracker
    • NEO Wallet
    • OTCGO
    • Ansy

NEO Philippines Tips

  • If you happen to find another NEO trader and decided to meet up, make sure both of you are in a secured public place before making a transaction.
  • Bitbit.cash and Coins.ph, two wallets most commonly used in the Philippines don’t support NEO. You have to use a NEO wallet.
  • Don’t use the crypto exchange site to store your NEO. Keep them safe inside your wallet.

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Useful Resources:

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  • Invest in bitcoins (or in any altcoins) only the amount you can afford to lose!
  • Don’t put all your eggs in one basket. Spread your bitcoin and cryptocurrency investment.
  • Before investing in any cryptocurrency, check the people behind it, its mission, and other details to ensure that they are worth investing for. Don’t invest in something you don’t know.
  • This article is for informational purposes only and does not constitute an investment advice. Your actions are solely your own responsibility. There is no substitute for doing your own research. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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