Neo Wallets: Most of the crypto enthusiast know about Ethereum as one of the most promising cryptocurrencies for long-term investment.
Ethereum allows building various decentralized applications(DApps) on the top of it using Solidity language which has proven to be a boon for various developers and startups.
However, In the beginning of 2017, a new cryptocurrency- NEO entered the market which allows building decentralized applications using multiple languages such as C#, VB.Net, F#, Java, and Kotlin.
Being versatile in nature, NEO received huge acceptance amongst developer leading to a quick increase in the prices.
Price of each Neo was $0.14 in the beginning of 2017 and it skyrocketed up to $190 by the beginning of 2018. However, after the correction, the price stabilized at around $140.
Neo has proved itself to be a huge competition for Ethereum and a lot of people even call it “Ethereum Killer”.
With such great response all around, A lot of people have already bought Neo and Gas but many of them are struggling to store their NEO safely.
Since NEO project is still in infancy, it’s surrounding like Neo Wallets, Neo Exchanges etc has not been developed much. But you do not need to worry, as I have done the hard work for you.
You do not need to worry, as I had done the hard work for you.
In my previous article, I had already covered Everything you should about Neo Cryptocurrency where I gave a glance of all the things related to NEO.
Actually a few days back I bought some NEO coins worth $1000 at Bittrex Exchange. Since I believe in Long-term HODL, I started searching for a reliable NEO Wallet to store my NEO safely.
But soon I realized that there would be many people like me, having various questions in mind:
- Where to store Neo?
- Which is the Best NEO Wallet?
- Where to store NEO Gas?
- Which are the safe and reliable Neo Wallets?
However, after due research, I shortlisted Top 9 Neo Wallets which are safe and reliable to store your coins.
But before starting up with NEO wallets, let me first clear about NEO and Gas.
|Use||Neo is a Platform on which DApps are build||Neo runs on Gas|
|Fraction||It cannot be divided(Remains in multiples of 1)||It can be divided into fractions|
9 Best Neo Wallets
There are 6 types of Neo Wallet:
Hardware Wallet: Ledger Nano S
Desktop Wallet: NEON Wallet, NEO – GUI, NEO – CLI
Mobile Wallet: NEO Wallet
Web Wallet: Binance, Neotracker, NEO Wallet, NEOWallet, OTCGO,
Paper Wallet: Ansy
Ledger Nano S(Hardware Wallet)
Ledger Nano S is a Hardware wallet which recently started supporting NEO cryptocurrency and it works with NEON wallet.
It is a tiny USB like device with a small OLED on the top and two buttons to accept the transactions.
If you are planning to store NEO for a longer period of time, then no wallet can provide a better protection your funds than Nano S.
Using Ledger Nano S with Neon wallet allows you to claim your Free GAS almost instantly.
Since Your private keys are stored on the device itself, it cannot be hacked which makes this device extremely secure. You can also read my Ledger Nano S review for complete information.
NEON Wallet(Desktop Wallet)
NEON Wallet is a desktop wallet developed by City of Zion. Though it is not developed by official Neo team, it has been declared 100% by them.
This wallet does various functions for both NEO assets i.e NEO and Gas:
Being a Desktop wallet, private keys are stored on the desktop itself which make your funds safe from any hack or theft.
Note: Make sure to store a copy of your private keys somewhere safe. If you ever lose your Private Key, you would end up losing your funds.
Another benefit of storing your funds on NEON Wallet is, you can claim your GAS though this wallet itself.
Remember: If you hold your NEO on an exchange you won’t be entitled with the free GAS.
Currently, Neon Wallet is available for Windows, Mac, and Linux operating systems. Setting up this wallet is really very easy, you can also watch this official video for more reference.
NEO Tracker(Web Wallet)
NEO Tracker is a web-based Offline Wallet and Neo blockchain explorer which works with Google Chrome and Edge browser.
It allows you to Store, Sends and Receive NEO and GAS as well as claim your automatically generated GAS through this wallet.
Even though you create your wallet online, nothing is stored on Neotracker servers as it uses the browser to get the required data. Being an offline wallet your NEO is always safe.
It is an open-source project developed by NEO holder but has got verification from the NEO team.
NEO Tracker is extremely user-friendly, hence the best one for beginners.
Setting up NEO Wallet is very simple:
- Visit NeoTracker site
- Click on “New Wallet”
- Enter a Password(This is not the seed key)
- Download Keystore (Keep this file safely)
- Copy the Private Key(Keep this safely)
- That’s it! You will see your NEO Wallet.
Currently, NEOTracker is available only for Chrome and Edge Browsers and supports English language only.
This is an open-source, free, ‘light’ web wallet developed by onchain team for storing NEO coins.
This wallet is similar to NEO Tracker where you can Store, Send and Recieve your NEO & GAS. This wallet also allows you to claim your free GAS.
Though it is an Online Wallet, your keys are not stored on NEOWallet servers thus leaving any chance of any hack/theft.
You can also backup your NEO Wallet to control the private Keys.
Getting started with this wallet is really very simple. Just go to NEO Wallet and Create a New Wallet by setting up your passwords.
Currently, This best NEO Wallet is available on Chrome and Edge Browser for English and Chinese language.
NEO – GUI Wallet
NEO GUI is the official NEO Desktop wallet.
This wallet is an offline wallet and gives you full control over your Private Keys. Though this wallet is safe it is not much user-friendly.
Unlike other ‘light’ wallets, GUI NEO is a synchronizing wallet. Means starting this GUI wallet takes some time as it syncs the complete NEO Blockchain. Once it is completely synced, you can make an NEO wallet by setting up a password. But make sure to store the Private Key safely as you would need it if you forget the password.
Similar to all the above-mentioned NEO Wallets, this wallet allows you to Store, Send and Receive both NEO assets(NEO and GAS).
Currently, This wallet is available only for Windows 7 SP1 and later Windows 7 SP1 and later. It supports both English and Chinese language.
NEOWallet – Mobile
For those who want to store their NEO on Mobile, here is a good NEO Mobile Wallet.
This app allows you to Store, Send and Receive NEO and GAS as well as automatically claim your generated GAS through this app itself.
This app does not have a high rating because of a few errors it had in the beginning. However, This NEO mobile wallet seems to be working perfectly fine now.
This wallet is from the makers of the NEOWallet i.e. Onchain team.
Since it is a mobile wallet, the Private Keys are not be stored on the device itself preventing you from a potential hack.
Currently, this app is only available for Android and supports only English.
NEO CLI Wallet
If you are looking for something very advanced and safe then here is NEO-CLI wallet for you.
CLI stands for Command Line which means this wallet runs through command prompt.
This wallet is built keeping Advanced users in perspective thus this won’t be suitable for beginners.
This wallet allows you to Store, Send and Receive NEO and Gas. You can also claim you Free GAS through this wallet.
Currently, This NEO Wallet is available for Windows and Linux operating systems but only in English).
ANSY – Paper Wallet
If you are planning to store your NEO Coins for long period of time then you must surely try NEO Paper Wallet.
NEO Paper wallet is a piece of paper with your Public and Private Address on it.
There is no chance of any theft as the Private keys are stored offline. But make sure to keep this printed piece of paper very safely as you might lose your funds if it gets into the hands of someone else.
You can easily Store and Receive NEO & GAS on your paper wallet but sending them would be a hustle. However, the biggest disadvantage of using Neo Paper wallet is that you won’t be able to claim your GAS with this wallet.
There are two ways to Create a Neo Paper Wallet:
- Convert – Enter a Paraphrase which will convert into a Private Key
- Generate – Automatically Generate a difficult Private key
I would recommend you to select Generate as this reduces the possibility of any hack.
To create this wallet, you need to visit Ansy site and Enter a Private Key.
Which is the Best NEO Wallet?
I hope by now you must have selected an NEO Wallet for yourself but if you are still confused then you should go with Ledger Nano S, Neon Wallet or NEO Tracker.
All these wallets are safe to store you NEO as well as GAS. Also, both of them allows you to claim GAS.
Before selecting a NEO wallet, make sure that it has the option to claim GAS otherwise, you would be leaving money on the table.
Since it is just a beginning for NEO, we shall expect many wallets providing support for NEO in the coming future.
I would also like to give an advice that never store your NEO or any Exchange for a long period of time as it is risky as well as you won’t get free GAS.
So, This is for today!
Don’t forget to comment below and tell which wallet you use for storing NEO?
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