Popular NEO And GAS Wallets for 2020 that You Should Keep an Eye on

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Popular NEO And GAS Wallets for 2020 that You
Should Keep an Eye on
One cryptocurrency which has been gaining ground
rapidly is NEO. Ever since its inception in 2014,
NEO, which was previously known as Antshares, has
taken the crypto world by storm. With several
updations that have been made to the Ethereum
blockchain and introduced to NEO, it comes off as
no surprise that NEO has earned quite a
reputation for itself as the Ethereum Killer or
Chinese Ethereum. NEO gained massively from the
2017 bullish cycle, which saw its prices surge
from 0.14 early in the year to 51 in eight
months. However, its prices dropped after that,
and it costs 9.83 at the time of writing.
Nevertheless, it remains a force to reckon with
in the crypto space.
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It is, however, crucial to note that it isnt NEO
but GAS (previously known as Altcoins) that is
the real indication of coins used in the system.
NEO is only indicative of the shares.
Lackadaisical NEO project development has meant
that NEO continues to lag in necessary
infrastructure and doesnt have too many reliable
wallets that deal with GAS. Nevertheless,
investing in NEO can reap rich dividends,
especially if you have adequate information about
the wallets that store NEO and GAS. So, without
further ado, lets get on to some of the most
popular NEO and GAS wallets for 2020.
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1. Ledger Nano S Ledger Nano S began providing
support for NEO wallet in late 2017. It operates
in tandem with the NEON wallet. If you use a
combination of NEON wallet and Ledger Nano S, you
can claim your earned GAS, without even entering
the private key or keeping it in your computer.
Thus, the susceptibility of your private keys to
hacking reduces considerably. Also, if a hacker
wants to siphon off your NEO or GAS coins, they
would be able to do so only if they get access to
your Ledger Nano S hardware device. This makes
Ledger Nano S highly secure and the best NEO
wallet.
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2. NEON Wallet As the NEO team didnt develop
NEON wallet, it isnt an official NEO wallet. But
various NEO developers who reviewed it have found
NEON 100 safe. It is an excellent wallet for
people who are starting because it allows them to
not only store both NEO and GAS assets but also
send and receive them. The best thing about NEON
wallet is that if you store NEO in NEON wallet,
you will beome entitled to your share of GAS,
which would be generated automatically. However,
if you hold your NEO on an exchange, you wont
receive any free GAS. Another advantage of
storing your NEO in the NEON wallet is that your
funds will always be safe because the NEON wallet
will not store information about your private
keys.
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4. NEO GUI The NEO GUI was developed by NEO
developers and is an official desktop NEO wallet.
As it is a synchronizing wallet, it facilitates
the download of the NEO blockchain in your
system. Like the other NEO wallets on this list,
NEO GUI also allows the users to store, send, and
receive NEO and GAS funds while also allowing the
generation of GAS for holding on to your NEO
tokens.
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5. NEO CLI NEO CLI is another official NEO
wallet that the NEO developers have created. It
differs from NEO GUI in the way that the Command
line prompts controls it as it is a CLI wallet.
Although NEO CLI prides itself in the advanced
security that it provides to its users, you
shouldnt go for this one if youre a beginner.
Go for NEO CLI only if you are familiar with the
CLI language. As expected, NEO CLI would let you
store your NEO and GAS funds and also send and
receive it.
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Final Thoughts These five wallets are some of
the most popular NEO and GAS wallets for 2020
that you can use to store your NEO and GAS funds.
With a surge in the popularity of NEO, more
options will come to the fore. Make it a point to
carry out due diligence before choosing a NEO
wallet research about the background,
development, compatibility, and legitimacy of the
wallet. Also, create a back up for your NEO
wallet and never leave your funds on an exchange
for too long.
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