How to Create NEO Wallet – Step-by-Step Guide
Introduction to NEO
NEO is a cryptocurrency and a community-driven smart contract platform formerly known as AntShares (ANS) that was created in 2014 by a team of developers in China. Because of the similarity in working principle, NEO is often referred to as a “Chinese Ethereum”. Since the rebranding in 2017 NEO has been aiming to build a “smart economy” by taking advantage of evolving technology and cooperation with Chinese authorities.
It has two native tokens: NEO and GAS. The core asset of the Neo blockchain is the non-divisible NEO token which generates GAS tokens suitable for paying the transaction fees to utilize the NEO network. This dual-token ecosystem can be used for creating dApps and ICOs. Guarda team is delighted to have NEO on board of its multi-currency non-custodial wallets. Both NEO and GAS tokens are available for storing, sending, receiving, exchanging and purchasing for fiat or any other crypto in the web, desktop and Chrome extension versions. Besides the support of NEO and GAS, these storages work with BTC, BCH, ETH, ETC, XRP, XMR and a variety of other cryptocurrency coins and tokens (over 40 popular blockchains and 10 000 tokens).
NEO price on CoinMarketCap.
How to store NEO cryptocurrency?
Neo can be stored in a number of cryptocurrency wallets designed for it. Your current goal is to find a trustworthy one. Thus, we prepared a check-list of criteria to help you make the right choice:
Find a secure NEO and GAS wallet
While looking for proper NEO storage, pay particular attention to the security level of the wallet you’re going to get. In general, we advise choosing non-custodial wallets to have full control over your private keys and backups. The custody-free principle prevents sharing users’ personal data with any third-party services.
Make sure the wallet is updated frequently
When it comes to crypto, security is inextricably linked to development. You should get really suspicious in case your NEO wallet team doesn’t seem to be active in promoting new features. Browse the community charts, website pages, social networks and blogs to find out more about the company and recent updates.
Check the NEO crypto wallet reviews
Wallet reviews can be extremely helpful not only for choosing an appropriate variant but also for a better understanding of the product features. User feedback can be found on App Store and Google Play dedicated pages (for mobile applications), as well as on specialized platforms like Trustpilot or CryptoCompare.
Be observant and pay attention to the developer’s answers. It’s surely a bad sign if the wallet representatives leave user inquiries unattended.
Keep in touch with NEO wallet community
Look at each cryptocurrency community not only as a group of like-minded people but also as a great source of information. The community members surely know the answers to most of your questions, they will eagerly share the experience with you, help you to navigate the vast amount of information floating around and make your crypto journey even more exciting. Check Twitter, Facebook, Telegram, Reddit, Discord, Steemit and GitHub in order to find crypto enthusiasts.
Start using your NEO wallet
When you made your way through all the points listed above and found proper storage for your NEO assets, it’s time finally to create a new cryptocurrency wallet. Go to the next paragraph and follow the instructions provided by Guarda team in order to set up a wallet in a few easy steps.
How to set up NEO wallet
It’s fairly easy to open a new cryptocurrency wallet on Guarda. No registration or payment required, of course. In this step-by-step guide, we’ll reveal the algorithm of creating a web wallet for NEO. This version of Guarda Wallet allows storing, sending, receiving, exchanging and purchasing over 40 major coins and more than 10 000 cryptocurrency tokens.
Create NEO wallet by following these 4 easy steps:
- Go to Guarda Wallet website and click “Create Wallet”;
- Think of a strong password for your new NEO wallet;
- Download the backup file and store it in a safe place;
- Your NEO wallet has just been created!
Step 1. The button you need is situated in the upper right corner of the Guarda Wallet website. As soon as you click it, you’ll be redirected to the welcome screen. In order to proceed, choose to create a new wallet again. If you would like to see some additional information on the NEO wallet you’re going to create, please, check the Web Wallet page.
Step 2. Making up a strong password for your new NEO wallet is essential. To protect your assets better, try not to repeat the same password you already use for some other services. Choose a combination of upper/lowercase letters, numbers and symbols. You can find some extra information on cryptocurrency wallet passwords in this guide.
Step 3. Downloading your backup and finding a safe place to keep it in is extremely important. You can only log into your NEO wallet with a combination of Guarda wallet backup and the wallet password. As we already mentioned, all Guarda wallets are non-custodial. Hence, the company doesn’t store your backups and cannot access them. Due to this, we won’t be able to restore them in case of loss. Please, make sure to save your backup file and never share it with anyone.
Step 4. Your new wallet for NEO is all set up! Now you can manage your crypto safely with all the features that Guarda team has prepared for you. Enjoy!