Want to convert NEO to BTC? You’re in the right place. This quick and easy guide will help you convert NEO to BTC in less than 15 minutes for the best price.
The best way to get the price you want is to use an exchange. There are other ways to buy and sell coins like peer-to-peer websites which are not as safe and may even require face-to-face meetups.
So, what should you look for in a crypto exchange?
1.Best Exchange Rates - Kind of obvious but you should be able to get the most bang for your buck. Make sure there are no hidden fees, withdrawal limits or high transaction fees that undercut the rate that you’re getting.
2.Positive Customer reviews - Glowing reviews are great but pay close attention to the negative ones. Don’t trust an exchange too quick.
3.Excellent customer support: You should be able to quickly resolve your issues with 24x7 customer support.
4.Reliable and secure - It’s always best to choose an exchange that has never been hacked or compromised. You can research the exchange online to make sure of this.
5.User friendly - For first time users, the website should be very easy to navigate.
6.Privacy - If you care about privacy, then you should be able to transfer or convert without needing to set up an account or undergo user verification.
CoinSwitch is the world’s largest aggregator of crypto exchanges and it meets all these requirements and then some. It supports over 400 coins and 45,000 trading pairs.
First things first, you need to have a Bitcoin wallet and a NEO wallet or a wallet that supports both. This is important for the transaction to take place and you will see why later in this article.
Next, you should locate your Bitcoin wallet address. It is usually a string of letters and numbers that starts with a 1.
1.Enter the amount of NEO you want to convert to Bitcoin and the right trading pair i.e. NEO <> BTC on the homepage. Click on ‘View All Offers’ and you will see the recommended offer as well as other offers. Currently, 10 NEO = 0.009428 BTC and only Simple Swap supports this exchange.
2.There is a minimum limit on Simple Swap while none of the other exchanges support this conversion. In an ideal case, you may find an offer with a fixed price for X minutes which is very useful given how volatile crypto is. Exchanges banned in the country and reliable exchanges are displayed.
3.Next, you will need to input your Bitcoin wallet address. This will tell CoinSwitch where the BTC has to be transferred after the transaction is complete.
4.You will receive a wallet address that you can scan with a QR code. This wallet is held by CoinSwitch. You will have to deposit NEO to the address from your NEO wallet for the transaction to begin.
5.The order page will reflect that the NEO has been deposited. Your transaction will now begin and it usually does not take more than 15 minutes. Once the transaction is completed successfully, you will receive a transaction hash.
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