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NEO Wallets: 4 top-notch wallets to store your digital coins

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NEO Wallets
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NEO is a cryptocurrency that makes use of a blockchain technology and this technology is commonly referred to as “smart contracts.” However, it is essential to know that these smart contracts are personalized blockchains that help to reduce the need for middlemen in daily transactions. This implies that with smart contracts, you can execute your daily transactions without needing the consent of a middleman, with this, additional charges can be avoided.

Due to the fact that NEO makes use of an up-to-date blockchain technology that permits the decentralization of smart contracts and assets, transparency and precision are now added to daily transactions. With all these in mind, NEO company is much prudent to make sure that its systems meet up to the required standards of its users. NEO project ensures that security is measured-up and meets the industrial standards.

It is also important to keep in mind that there is a ‘big’ difference between smart contracts used by other cryptocurrencies and NEO. Using Ethereum as an example, 15 transactions per second can be executed by this cryptocurrency. On the other hand, NEO surpasses this rate by executing more than a thousand transaction per second.

That is due to the fact that it makes use of the Delegated Byzantine Fault Tolerance device to execute more significant transactions with the speed of light. NEO is thriving well in the crypto-world today, and with its USD 36 billion market cap and $56 per coin as its current market value, it is showing no signs of slowing down.

However, it is expected that the current value of NEO should increase this year and this crypto-coin is attracting lots of investors every day.

Right now, if you are looking for ways to store your cryptos online and never on an exchange, you may actually choose to store them in a crypto-wallet. In this article, we will take a detailed look at the best cryptocurrency wallets that NEO has to save your value cryptos.

Best NEO Wallets

There are lots of crypto-wallets available today and some of them, do not support NEO. But you need to know that top-notch wallets in the market today will definitely support NEO and GAS. Confused on what GAS is? Well, GAS are tokens but they are usually little in market value, and it has a passive income description.

When you make use of official wallets, these wallets can pay shares in the form of GAS tokens and these tokens can be distributed to NEO users. It is vital to take note of these coins innately, because they can be used to pay for day-to-day transactions.

Well, maximum security is what you are looking out for to protect your crypto-coins then we advise that you use hardware wallets because they provide the best form of protection for digital coins. In the market today approximately 35% crypto traders select hardware wallets. Without much ado, here are some of the best NEO wallets in the market today.

NEON Wallet

One of the best digital NEO wallets is NEON. Even though it is a desktop wallet, it can provide you a certain level of security for your cryptos – although not optimum. This digital wallet backs NEO and GAS tokens.

With NEON wallet, a user can claim any automatically generated by GAS token when they have NEO cryptos in their wallet. Individuals who want to use of NEON wallet should know that private keys are never stored online on its servers. This desktop wallet is compatible with Windows, Linux and Mac platforms.

Ledger Nano S 

Ledger Nano S is one wallet that is less-expensive but still gives you good security for your digital coins. It can be purchased at USD 95. It looks more like a flash drive, and it has a 4-digit password option that comes every time before it’s been operated – this makes it less likely to be hacked by anyone.

It also has a physically verified option on its screen. You also need to know that Ledger Nano S makes use of powerful second-factor authentication and FIDO (Fast Identity Online) on any website. The second-factor authentication is a verification process that requires more than one confirmation before access.

Another vital importance is that Ledger Nano S supports most second-generation cryptocurrencies like Ripple, Bitcoin, NEO, and Litecoin.

NEO GUI Wallet

NEO group developed this wallet themselves, and it is a desktop wallet used to keep cryptocurrencies. However, it is officially NEO’s wallet, and it supports GAS and NEO tokens, that is, GAS tokens can be claimed by NEO users that have NEO tokens in their wallet. One notable feature is that must be noted is that NEO GUI wallet only supports Window 7 and above platform.

O3 Wallet

The O3 Wallet is a distinct type of wallet that can be used when always connected to the internet. However, this wallet supports Android and IOS platforms as against the others listed in this article. In this wallet, private keys are kept in private keychains to secure digital coins. But they have been some reported cases that the private keys can be manipulated.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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