Best NEO Wallets
Have you decided to purchase NEO? If you have, then the next step you need to take is to engage an exchange and buy it. Due to cybercriminals targeting even the best cryptocurrency exchanges, it is risky to store your valuable NEO in an exchange.
Fortunately, there are several excellent NEO wallets available that can provide UAE and KSA residents with convenience and security for the transfer and storage of their funds. Following are the best NEO wallets out there:
1. NEO Wallet
NEO Wallet is the official wallet created by the software developers of NEO. It is a web wallet and can be accessed from any device that has access to the internet. NEO’s team has ensured that it is a reliable option as the private keys entered in the NEO Wallet are not sent to any server. The only flipside of NEO Wallet is its unavailability on all internet browsers as well as its lack of support for Arabic for Middle Eastern traders.
2. NEON Wallet
NEON Wallet is one of the most reputable wallets for trading NEO and is even supported by NEO’s team. It is a desktop wallet that does not store information related to private keys on a remote server and instead stores it in its desktop application. This makes NEON extremely secure and safe from hackers.
NEON is a light wallet as it does not engage in heavy computing and is extremely fast with transactions. Moreover, it runs on all the major operating systems including Mac, Linux and Windows.
3. Ledger Nano S
Many people use hardware wallets for its security to store cryptocurrencies. Ledger Nano S is a hardware wallet and has made quite a name in the cryptocurrency wallet circles. It supports multiple cryptocurrencies including NEO for storage and thus provides convenience for users to manage multiple funds through a single channel. Ledger Nano S may not be attacked by hackers but they have to be kept physically safe from any attempt at theft.
4. O3 Wallet
If you are always on the run and are looking for a mobile wallet to trade NEO then O3 Wallet is a good option. It is available on both iOS and Android, and has a user-friendly interface. However, storing huge funds in a mobile wallet is never advised as they are the easiest devices for hackers to infiltrate.
5. NEO CLI
All of the above wallets have been designed keeping non-tech savvy crypto traders in mind. However, if you are an individual in UAE with an IT or Computer Science degree, and are looking for a wallet that can be suit your line of work, then NEO CLI is the best option for you. It offers its users the functionality of working with command line interface to trade and store NEO.
Before choosing one of these wallets, you have to decide the time duration you’d hold the NEO. If you are someone in UAE who intends to hold NEO for more than 6 months, then your best bet can be Ledger Nano S. However, if you are an active day trader then both NEO Wallet and NEON Wallet can be convenient and safe options.