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10 best Neo wallets to pick from in 2020 + Store GAS

Republished by Plato

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If you have already invested in the popular cryptocurrency NEO, or you are planning to buy NEO and you want to find out what are some of the best wallets for NEO then you are at the right place.

I myself hold NEO and I have asked the exact same question which led to me various post and comments about what NEO wallets to pick. And I thought I could take my research and compile it to a useful post about the best Neo wallets.

Ever since Neo launched rebranded from Antshares in the middle of 2017 it saw a cometic rise to the surface and being branded as one of the most exciting blockchains and cryptocurrencies to invest in after Ethereum.

Since then the entire cryptocurrency market had a big dip and so did Neo like the rest. Now there is regained interest in cryptocurrencies again and so in Neo.

10 of my favourite NEO wallets list

Wallet type

Ledger Nano X

Hardware wallet

WINNER:

The most secure + feature-rich

Ledger Nano S

Hardware wallet

Second best choice – for security reasons

Desktop wallet

Official wallet + modern with lots of features

Desktop wallet

For full-node users

Desktop wallet

For full-node users + developers

Mobile + desktop wallet

Modern wallet + closely tied to Neo 

Atomic wallet

Mobile + desktop wallet

Multicurrency wallet + support for multiple devices & OS

Neo tracker

Web wallet

Simple web wallet + added block explorer features

Neo wallet

Web wallet

Simple web wallet 

Ansy paper wallet

Paper wallet

Offline paper wallet generator

1 ) Ledger Nano X

Ledger Nano X

If you want to use a secure hardware wallet like the Ledger wallets then you can use it together with the NEON wallet. This will help you secure your cryptocurrencies and still claim NEO/GAS.

The Ledger Nano X is the top of the pack of hardware wallets together with Trezor Model T. But the latter lacks support for Neo at this point in time.

So if you are looking for the most secure and best wallets for NEO then I can say hands down there is no better alternative than the Ledger wallets.

It comes with Bluetooth, additional storage space, and hardware upgrades from the previous excellent model the Nano S.

To receive GAS and use your Ledger device with NEO (same for Ledger Nano X and S) you will need to download NEON wallet also. This is how it works together.

You basically need to install the Neo app on your ledger device in the Ledger Live app, (follow the guide here for more information) and then download the NEON wallet to your desktop.

Install Neo wallet app on your Ledger devices
NEON screenshot

When you have downloaded the NEON wallet you can simply connect using your Ledger device to access your cryptocurrencies and to send/receive new Neo blockchain tokens.

  • Note that NEO/GAS and all other Neo blockchain tokens are available on the NEON wallet

2 ) Ledger Nano S (hardware)

Ledger Nano S device

The second option for hardware wallet that you can use with Neo is the slightly cheaper and original model from Ledger, and it is the Ledger Nano S.

Like with the Ledger Nano X you need to use your device together with the NEON wallet to make use of your wallet fully and claim your GAS.

It is one I’ve used together with Nano X for a long time and it is extremely good wallet.

The main differences between choosing the Ledger Nano X over the S model is if you want to use mobile device (need Bluetooth) or if you want to use more than 4-5 apps on your device at the same time.

Meaning if you have 5 separate blockchain apps installed. Ethereum and ERC-20 tokens don’t need more than one app.

But otherwise I would say that the Ledger Nano S does as good of a job to secure your Neo holdings which is the most important part of the equation.

3 ) NEON wallet (desktop)

NEON wallet desktop app

Here is the NEON wallet. I have already mentioned it above in conjunction with my recommendation to use the Ledger devices.

But on its own NEON wallet is a fine and one of the best NEO wallets around. It is an open-source wallet developed by the team City of Zion a core NEO development group and node runner.

So these guys are heavily focused on the development and flourishment of Neo blockchain.

The wallet itself is slick and with all the features wanted from a modern cryptocurrency wallet.

Here you can do anything from a modern cryptocurrency wallet and claim your GAS earned from your Neo holdings.

4 ) Neo GUI (desktop)

Neo GUI wallet

This is a full-node wallet alternative for Neo. That means you download the full Neo blockchain and can participate by running your own node on the Neo blockchain.

This gives you full control and access to the entire blockchain and all transactions. Without relying on another 3rd party node or server.

This is the right Neo wallet for the ones with technical experience and an interest in participating fully as a Neo user. Either as a node runner or just by getting full access to the blockchain and not through any other party.

5 ) Neo CLI (desktop)

Neo CLI wallet

Neo CLI This is another full-node wallet for Neo.

And this is a CLI (Comman Line client). This can provide access to APIs for developers to build on, make use of for Neo-based features and widgets.

This wallet is therefore not really something I can recommend for everyday Neo holders.

Rather download the GUI alternative if you want a Neo full-node wallet alternative.

6 ) O3 (mobile wallet and desktop wallet)

O3 mobile wallet and desktop wallet

O3 is a very popular Neo mobile wallet. It comes available for desktop too. It is a Neo-friendly or focused cryptocurrency wallet.

Here you can make use of everything you need from a quality mobile wallet in a lightweight format.

You can also buy more Neo or other cryptocurrencies directly from the wallet, plus the option to trade with Swithneo’s DEX inside the wallet.

Additionally you can get important updates or news concerning Neo directly in the app.

Another good thing is that this is an open-source project, so the code is available for anyone to inspect.

And overall O3 have worked hard to create a secure and development-friendly wallet that will last for a long time into the future.

7 ) Atomic wallet (multi-currency + multi-device wallet)

Atomic wallet

I wanted to include a multi-currency and multi-device Neo wallet alternative. And I’ve choose to include Atomic wallet.

With Atomic wallet you can access your Neos via a desktop wallet or mobile wallet. And it is available for most OS. Android, iOS, Windows. macOS and Linux.

With the ATomic wallet you can store your Neos on the blockchain and access them together with all your other cryptocurrencies. They have support for most cryptocurrencies. All the major blockchains and their tokens.

Check out the full list of compatible assets here

Atomic wallet device and OS support

8 ) Neo Tracker (web wallet)

Neo Tracker a web wallet

This is a Neo web wallet version. But Neo Tracker is not only a web wallet but also a blockchain tracker for Neo.

Here you can track transactions, wallets, Neo holders, node runners and other assets on the Neo blockchain.

The web wallet can be created and opened with a Keystore file. Private keys and encrypted private keys.

I recommend that you never enter your private keys in online environments.

Meaning on websites or apps if possible.

So consider using a secure hardware wallet where the private keys never leave your device. Or use applications and softwares in an offline capacity.

9 ) Neo Wallet (web wallet)

Neo Wallet a web wallet

This is another web wallet version that you could use. You can create your own new Neo wallet here, or import an already existing wallet with wallet key file or your private keys.

With this web wallet you get the basic package of sending, receiving tokens, claiming GAS, etc.

As with any Neo wallet created make sure you keep a safe backup of your private keys. With those you can then again restore and access your wallet from additional sites.

10 ) Ansy (Neo paper wallet)

Ansy Neo paper wallet

Ansy is a paper wallet generator site.

Here you can can generate a new Neo paper wallet by creating a whole new wallet, or by importing your private keys.

You will then get a bunch of QR codes and keys that you can print out and store as an actual paper wallet.

For those interested in securing their Neo tokens and not interacting with them often then a Neo paper wallet could be an excellent choice. This will help to protect your funds from hackers and thieves since they are not stored in an online capacity.

Obviously you need to keep your paper copies somewhere safe and where they won’t get lost or stolen.

How to pick a good wallet for NEO

NEO logo on a computer screen with a magnifying glass

In order for me to share a list of Neo wallets that is helpful and for you to decide which one to go for we need to consider a couple of main things.

  1. NEO and GAS – which wallets generate GAS?
  2. Which wallets are legit and the most secure?
  3. What wallet options are there (mobile, web, hardware, etc)?

If you didn’t know about GAS then I think it’s important that you know realise that on the Neo blockchain there are two main native cryptocurrencies. One is NEO and the other one is called GAS.

And you generate GAS by holding NEO in a staking compatible wallet. This is important to remember that not all wallets can generate GAS for you.

So it’s important to find one that does.

Other important aspects when deciding which wallet to pick is to find one that is secure and not a scam. So I am only sharing wallets here that I would use for my NEOs.

Where to buy NEO

If you haven’t bought NEO yet and you wanted some suggestion for safe exchanges to use then I would recommend these:

  1. Binance
  2. OKEx

Conclusion – Best Neo wallet?

Neo smart economy logo

So how do you pick the best Neo wallet to use? It should depend on what’s important to you?

Would you very much need to check and transact with your NEO, GAS and other tokens daily? Then a mobile wallet makes sense.

Is security and ease of mind more important? Then I would definitely recommend investing in a safe Ledger wallet for Neo!

Or are you planning to make use or get involved more closely with the Neo blockchain then a full-node alternative for Neo would be the right choice.

So go with the wallet that fits your need. But don’t forget to think about security. Whether that being buying a hardware wallet or keeping safe backups of your private keys.

Find other guides

  1. Best way to invest in crypto
  2. Bitcoin investing guide
  3. Best Litecoin wallets
  4. Best Ethereum wallets
  5. Best Cardano wallets

Source: https://gocryptowise.com/blog/best-neo-wallets/

Blockchain

Following Coinbase And Bakkt: Winklevoss’ Gemini Reportedly Considers Going Public

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Cameron and Tyler Winklevoss are reportedly exploring the option of making their cryptocurrency exchange Gemini public. The brothers could follow the steps of other US-based digital asset-related companies with similar intentions, such as Coinbase and Bakkt.

Gemini To Go Public?

Bloomberg reported today that the founders of the US-based crypto exchange Gemini are open to the idea of going public.

“We are definitely considering it and making sure that we have that option. We are watching the market, and we are also having internal discussions on whether it makes sense for us at this point in time. We are certainly open to it.” – said Cameron.

Gemini, based in New York City, employs over 350 people. The exchange obtained a trust charter from the New York State Department of Financial Services shortly after its establishment and is licensed as a money transmitter in multiple US states.

Making a company public has been a hot topic within the cryptocurrency industry lately. Firstly, the largest US exchange Coinbase announced such plans with an estimated value of nearly $30 billion.

More recently, Bakkt, the Bitcoin futures trading platform owned by the Intercontinental Exchange, stated similar plans after a merger with a special acquisition company. Bakkt’s estimated enterprise value is at approximately $2.1 billion.

Gemini Releases A Credit Card With Crypto Rewards

The exchange also announced that it will launch a credit card that will provide users with cryptocurrency rewards. Dubbed Gemini Credit Card, it will enable up to 3% back in bitcoin and other digital assets. The rewards will be automatically deposited into the cardholder’s Gemini account.

The card comes after Gemini acquired Blockrize – a company specializing in building such products. The distribution will start later in the year, and the statement informed that there’s already a substantial waitlist with over 10,000 people requesting early access.

The card will work like traditional ones and will be available to US residents in every state while also accepted in merchants that accept regular cards.

“The Gemini Credit Card will make it easier for any consumer to invest in bitcoin and other cryptos without changing their existing behavior. Rather than deciding how and when to buy crypto, customers can do so when making their everyday purchases. We are excited to welcome the Blockrize team to Gemini and work together to continue to mainstream crypto.” – commented Tyler Winklevoss.

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Source: https://cryptopotato.com/following-coinbase-and-bakkt-winklevoss-gemini-reportedly-considers-going-public/

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FinCEN Extends Comment Window on Proposed Crypto Regulations

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With the initial deadline for comments long expired, FinCEN has decided to extend the comment period for its proposed controversial crypto regulation for an additional 15 days.

FinCen Sets New Deadline

The Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of Treasury, announced the news of the extension via a press release on Thursday (Jan. 14, 2021). FinCEN’s earlier deadline was set on January 4, 2021.

Following the different requests for extension, it appears that FinCEN would not be hasty to implement the proposed regulation. The extension is beneficial for the industry, as affected entities can have time to analyze the proposal. Since the initial comment period, the bureau has received thousands of comments and is ready to receive more feedback.

An excerpt from the press release reads:

“FinCEN is providing an additional 15 days for comments on the proposed reporting requirements regarding information on CVC or LTDA transactions greater than $10,000[…] that involve unhosted wallets or wallets hosted in jurisdictions identified by FinCEN. FinCEN is providing an additional 45 days for comments on the proposed requirements that banks and MSBs report certain information regarding counterparties to transactions by their hosted wallet customers, and on the proposed recordkeeping requirements.”

The Proposed Regulations

FinCEN’s proposed crypto regulation required that cryptocurrency exchanges would keep records and verify “the identity of their customers if a counterparty uses an unhosted or otherwise covered wallet and the transaction is greater than $3,000.” Also, exchanges are expected to submit to FinCEN transactions that exceed $10,000.

However, the proposal saw pushback from the crypto community, with many saying that the rule was harmful to the industry. Companies like Jack Dorsey’s Square and Andreessen Horowitz opposed the rules, with Square noting that it could create unnecessary friction between crypto users and regulated entities.

Other comments noted that the original 15-days comment period was too short. As reported by CryptoPotato, days after FinCEN released its planned regulatory policy, U.S. crypto exchange Coinbase asked for an extension of the comment period.

According to Coinbase, the comment time frame was rushed and asked the bureau to instead consider a 60-day time frame. Also calling for an extension was a U.S. Senator and several members of Congress. The lawmakers also asked for an extension between 15-60 days to give concerned parties time to evaluate the proposed rule.

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Source: https://cryptopotato.com/fincen-extends-comment-window-on-proposed-crypto-regulations/

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Bulgarian Crypto Exchange Owner Sentenced To 10 Years in Prison for Laundering $5 Million

Republished by Plato

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A Bulgarian national was sentenced to serve ten years in prison after a major crypto-related fraud. Not long ago, the man was convicted in a transnational multimillion-dollar scheme to defraud over 900 American citizens.

An Auction Fraud That Victimized over 900 Americans

According to an official announcement by the United States Department of Justice, Rossen G. Yossifov, a 53-year-old man, had defrauded hundreds of American citizens during a well-masterminded illegal endeavor.

He managed and promoted the so-called RG Coins – a cryptocurrency exchange headquartered in Sofia, Bulgaria. Now, the US court has sentenced him for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense plus a conspiracy to commit money laundering.

During the crime, Iossifov and his Romanian co-conspirators, part of the Alexandria Online Auction Fraud (AOAF) Network, engaged a large-scale online fraud. They organized a false auction that victimized at least 900 Americans during its course.

As CryptoPotato reported, Iossifov was officially charged with participating and dictating the international fraud a few months ago. 

Providing Favorable Crypto Exchange Rates To Victims

According to initial court documents, the scammers made everything seem legit, providing invoices with trademarks of reputable firms to their victims.

One of the primary ways to lure people into the scam was that the conspirators designed their scheme to cater to criminal enterprises by providing better exchange rates to the AOAF Network members.

The Romania-based fraudsters posted false advertisements to popularize online auctions for expensive goods and vehicles that did not exist. They had also established call centers to offer customer support to advise client questions and “alleviate concerns over the advertisements.”

When convinced, victims had to fulfill a payment. Domestic associates of the criminals would accept the money, convert them into cryptocurrency, and transfer them to foreign-based money launderers. As per the announcement, Iossifov was the final gear that facilitated the last stage of the scheme.

Some of the trial’s evidence revealed that, in less than three years, Iossifov had laundered nearly $5 million in cryptocurrency for just four of his partners.

“This represented over $7 million in funds defrauded from American victims. In return, Iossifov made over $184,000 in proceeds from these transactions”, read the official court publication.

Apart from Iossifov and the five co-operators, so far, 17 more members of the Romanian crime network will face court for their role in this scheme. Seven others have already faced sentences with verdicts between 30 to 96 months. Three of the members of the scam are fugitives.

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Source: https://cryptopotato.com/bulgarian-crypto-exchange-owner-sentenced-to-10-years-in-prison-for-laundering-5-million/

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