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NEO is a Chinese blockchain project and features two native cryptocurrency tokens – NEO and GAS. It is a smart-contracts platform with hopes of competing with Ethereum.
While the NEO project has experienced rapid growth recently, it still doesn’t have the same range of wallets as some other cryptocurrencies. However, there are a number of choices available, so if you want to buy NEO, read on for reviews of six of the best NEO wallets available to find one that suits your needs.
When searching for a NEO wallet that suits your needs, make sure you look for the following features:
Find out more about cryptocurrency wallets in our complete guide.
Hardware wallets provide offline storage for your private keys and represent the highest level of security for your crypto holdings. The Ledger Nano S is a hardware wallet that connects to your computer via USB and features a built-in OLED display.
Along with the buttons on the device, you will use this screen to manually verify each and every transaction. Your private keys are protected on the Nano S by a secure PIN, two-factor authentication is supported and your accounts are backed up on a recovery sheet.
Read our full review of the Ledger Nano S
The set-up process for the Nano S is simple and straightforward. It supports bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) as well as NEO and a range of other cryptos. You can interact with your NEO tokens on the Nano S through the NEO Wallet web interface, which we’ve reviewed in detail further down the page.
An official desktop wallet, this option allows you to interact with your NEO holdings through a graphical user interface (GUI). Unlike light wallets, this is a synchronising wallet that requires you to download the entire blockchain to your system. This takes a while and uses a significant amount of space on your computer.
Once synchronisation is complete, you can create a password-protected wallet and then back up that wallet by encrypting the private key. You can then start sending and receiving NEO or simply hold your tokens to generate GAS.
The NEO GUI is a secure way to manage your NEO tokens, but tech novices or anyone new to the world of cryptocurrency may find it a little too complicated.
The O3 Wallet is a mobile wallet available on Android and iOS devices. The app combines a simple, attractive interface with the benefits of managing your NEO tokens from the palm of your hand.
Built specifically for NEO, this light wallet allows you to monitor the performance of your NEO portfolio in real time. It allows you to split your holdings up into two wallets – a hot wallet for day-to-day use and a cold wallet for storing the bulk of your funds.
This free, open-source wallet is simple and convenient to use, but it’s worth pointing out that it will never be able to offer the same level of security as a hardware wallet.
However, this generally isn’t recommended for a few key reasons:
As a result, the safest option in most cases is to transfer your tokens away from an exchange and into a secure wallet.
NEO Wallet is a popular, light wallet developed by the NEO community. In addition to being light and fast, it also provides a straightforward interface that makes it easy to store, send and receive NEO and GAS.
Your wallet file is stored locally and your private key is never uploaded to the NEO server. All messages are encrypted for extra security, and all the information you need to manage your funds is presented in a simple easy-to-understand layout.
NEO Wallet supports the Chrome browser and is available in English and Chinese. If you’re a cryptocurrency beginner, you may want to consider NEO Wallet.
The process of creating a new wallet and accessing your funds is quite simple. You shouldn’t have any trouble getting started sending or receiving tokens. Transaction and transfer histories are easily accessible, and a blockchain explorer is also included for extra functionality.
Available in English only, NEO Tracker supports the Chrome and Edge browsers.
To ensure the safety of your NEO, GAS or any other coins, remember the following tips:
Read more about crypto wallets in our comprehensive guide.
At the time of writing, the author holds IOTA and XLM.
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