How to Buy Gas (GAS) - A Beginner’s Guide
There are few crypto projects more exciting than NEO (the so-called “Ethereum of China”). NEO is making huge advances into the smart contract and dapp spaces, with footprints in other sectors within cryptocurrency. If improvements continue being made on this blockchain, it will surely be one of the top 2 or 3 cryptocurrencies in the next couple of years.
NEO runs on GAS, a coin that pays for transaction costs of the blockchain. GAS is given incrementally to NEO holders, but it’s also sold on various exchanges like Binance. If you’re interested in learning how to buy GAS coin in 2024, and which are the best platforms to purchase GAS, continue to read more in our guide below.
5 Steps to Buy Gas Instantly!
Visit our recommended platform to buy Gas by clicking the button below.
Enter your details in the required fields to create a new account.
Fund your account using your preferred payment method and confirm your new balance.
Choose Gas and select a "Instant/Market Order” to buy it instantly.
Enter the amount you want to buy (you’ll see the equivalent in GAS) and confirm your order!
Where to Buy GAS
The Difference Between Trading and Buying
The ultimate beginner’s guide to trading Gas
Why Buy GAS Now?
From where this author is sitting, a market recovery might just be in the works. After languishing through the first half of 2018, crypto prices have been in the dumpster. Just a fraction of all time high prices, even the best blockchains have seen investors flee in recent days. As GAS is integrated in one of the world’s most exciting blockchains, why not invest in the currency which fuels it? GAS is tethered to the price of NEO. NEO (at around $40 today) once exceeded $200.
How to Buy GAS Through Exchanges
There are plenty of other exchanges that sell GAS, especially when considering those who make ownership based investment possible. Here are a couple of the best options.
Binance
Binance allows you to trade Bitcoin, Ethereum, and Tether for GAS. Just sign up and deposit your first crypto. Then go to “Exchange” > “Basic” and look for the trading pairs with GAS. Buy as much as you like. Interesting fact, if you store NEO on Binance, they will collect your GAS for you.
Buy GAS with Binance
Binance Huge range of cryptocurrencies Highly liquid 2 Factor Authentication Min Deposit £1 Start TradingView key features Top Coins Payment Methods Cryptocurrencies Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Buy GAS with KuCoin
Another Chinese exchange often compared to Binance, KuCoin offers several trading pairs for GAS. For some people, KuCoin is the more accessible exchange. For others it’s simply a matter of preference. In any case, sign up and look for the GAS trading pairs. But it up and hope GAS’s recent price jump proves to be a trend.
How to Store GAS in a Wallet
The NEON wallet may be the best way to store GAS. NEON is developed and maintained by the City of Zion – a team of amateur engineers who has proved to be more than capable. They volunteer for the NEO blockchain and have developed some of its best assets. The NEON wallet is free and stores both NEO and GAS, as well as new NEO coins.
Other Ways to Buy GAS
Want GAS but don’t want to pay for it directly? Here’s a great method that’s worthy of your consideration.
Buy NEO
As we’ve stated already, people who hold NEO get GAS for free. NEO is a coin that allows you to vote on the NEO blockchain, along with other privileges. GAS pays for transactions on the NEO blockchain. For every NEO coin, there is one GAS. Each GAS coin will be released in a trickle over the next 20 years. The trickle is fastest at the start. If you were to buy up a bunch of NEO, you would eventually have a bunch of GAS as well. Many people think of this as a buy one get one free scenario, and they’re not wrong. As there are those who believe that GAS will one day be more expensive than NEO, it’s a deal that you shouldn’t carelessly pass up.
Conclusion
It goes without saying at this point that GAS is an exciting investment option with a lot of potential upside. Its integration into the NEO ecosystem of blockchain, dapps, and enterprise gives it immediate use cases. Its utility will only become greater as time goes on and the NEO network expands. Whether you buy GAS directly with Coinbull or Binance, or get it through ownership of NEO, you are very likely to be pleased with your GAS investment.
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