{"id":2409,"date":"2019-12-22T10:00:03","date_gmt":"2019-12-22T10:00:03","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=2409"},"modified":"2024-04-23T11:45:34","modified_gmt":"2024-04-23T11:45:34","slug":"best-neo-wallet","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/best-neo-wallet\/","title":{"rendered":"13 Best NEO Wallet Options"},"content":{"rendered":"

NEO (formerly known as Antshares) is a very popular Chinese cryptocurrency that is considered to be an Ethereum competitor.\u00a0<\/span><\/p>\n

Due to its rise in popularity over the past few years, it would be interesting to learn about the best NEO wallets as well as their different categories.\u00a0<\/span><\/p>\n

This article will walk you through the process of choosing the wallet that best suits your needs and teach you how to set it up successfully.<\/span><\/p>\n

What is a NEO wallet?<\/span><\/h2>\n

A NEO wallet is a software program that helps you store the two native cryptocurrencies of its Blockchain, NEO and GAS (staking rewards for NEO holders).\u00a0<\/span><\/p>\n

NEO is the main currency on the Blockchain, while GAS serves as fuel to pay for transactions on the network.\u00a0<\/span><\/p>\n

Users can stake NEO tokens <\/span><\/a>by holding them in their wallets and get GAS as a reward, gaining passive income in the process.\u00a0<\/span><\/p>\n

Since NEO and GAS can be sold for profit it\u2019s important that users choose a wallet that supports both, ensuring maximum compatibility.\u00a0<\/span><\/p>\n

Not all exchanges support staking, and doing it through a wallet is a much more reliable and secure way to gain some profits.\u00a0<\/span><\/p>\n

How does a NEO wallet work?<\/span><\/h2>\n

A NEO wallet uses two unique addresses to access your coins on the Blockchain. The main purpose of crypto wallets is to encrypt and store these addresses securely, allowing users to receive and spend tokens freely.\u00a0<\/span><\/p>\n

These are:\u00a0<\/span><\/p>\n