Neo price and where to buy NEO

What is Neo?

Neo is one of the oldest smart-contract blockchains. It uses two tokens: NEO, which gives governance votes and cannot be split into fractions on its own chain, and GAS, which pays fees and is earned by holding NEO.

How to buy Neo, step by step

1. Pick an exchange. NEO is listed on four of the five exchanges we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy NEO. Use the NEO/USDT or NEO/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. In a Neo wallet you control, holding NEO earns GAS; note that NEO itself cannot be split into fractions on its own chain.

Where to buy Neo at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on NEO the venues disagree by about 0.20 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Neo price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.20 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 22 minutes out of every thousand, and reached about 1.1 percent at its widest.

About three fifths of the NEO spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Neo price

The wider crypto market, and in NEO’s case its own news too. In our hourly composite, NEO moved with Bitcoin at a correlation of about 0.53, where 1 would mean identical moves, and its moves were about twice the size of Bitcoin’s.

Neo-specific drivers come on top: network upgrades, governance and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Neo

Pros

• Holding NEO earns GAS for fees.
• One of the longest-running smart-contract networks.

Cons

• One of the widest price gaps between exchanges we track, about eight times Bitcoin’s.
• It trades on four of the five exchanges we track.
• It trades far below its all-time high of about $198.

Neo’s highest price

Neo’s all-time high is about $198 on volume-weighted data. The chart above shows the last 30 days of our composite, and the NEO to USD converter applies the live price to any amount.