Neon Wallet Review: $NEONW Holders Will Earn Instant Rewards!

by Cws Team
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About Neon Wallet

This is perhaps one of the most popular wallets to be used for Neon Wallet coins, GAS and NEP5 tokens on the market currently. It is an open-source wallet that is compatible with Windows, MacOS, and Linux. A great perk of the NEON wallet is that you don’t have to download the full transaction history in order to be operational and have access to transactions. NEON is a lightweight software that can be run on any somewhat modern computer and also quite easy to set up.

NEON Wallet makes it to the list of the most popular wallets designed to store and facilitate your interaction with NEO coins and tokens built on the Neo blockchain. It’s an open-sourced desktop wallet app developed by the City of Zion team and introduced to the world in July 2017. And though it isn’t the official Neo wallet, its code has been reviewed, tested, and approved by the Neo Network developers.

Neon Wallet is marketed as an intuitive, easy to use, and highly secure desktop wallet apps available today. But how true are these claims? What are the factors that make it intuitive and secure? More importantly, how does it compare to other Neo wallets? They answer these questions and tell you everything you need to know about NEON Wallet.

Tokenomics

$NEONW is implemented with a 7% tax on each transaction on Binance Smart Chain. There is a 5% autonomous LP acquisition, 2% static reflection (No staking/farming required), and a 1% burn. Thereby reducing the supply whilst enabling the token to appreciate in value.

Neon Wallet supported currencies and countries

Neon Wallet is Neo-specific implying that it will only support the Neo coins and any other tokens built on the Neon blockchain. The supported cryptocurrencies currently include GAS tokens and all NEP5 tokens.

Neon Wallet Features & Fees

NEON is a free wallet, which you can use to control your NEO coins and NEO based (NEP5) tokens. Additionally, while storing your coins in this wallet, you will be receiving GAS and you get the ability to be a part of any NEO based ICOs. The creators of the NEON wallet are an organization called CityOfZion, which is backed and endorsed by the NEO Council. Apart from its previously mentioned perks, the wallet provides full control of your private keys as well as being great user-friendly experience in general.

NEON Wallet key features

More-coin support 

While the Neon wallet is specific to the Neo-blockchain, it supports a host of different coins. These include Neo-blockchain’s native crypto, Neo Coin, GAS, and all the NEP5 tokens.

Hardware Wallets

Neon Wallet is compatible with the different types of Ledger hardware wallets. This provides a much-needed boost to not only the number of supported cryptos but also amplifies the security of your private keys.

Lightweight node

Neon Wallet is a lightweight, and this means that you don’t have to download the entire NEON blockchain. It, therefore, doesn’t eat into your computer space, speed, or battery life.

Open Source 

The Neon wallet is also built on an open-sourced technology. Anyone, including Neon wallet users and Blockchain experts, can view, audit, and propose suggestions on how to best improve the crypto vault. You can view this code from either the NEON Wallet website or the GitHub repository.

Neon Wallet Ease of Use

Neon Wallet has a pretty straightforward onboarding process. We also found the wallet to be highly intuitive and beginner-friendly with the send and buy commands strategically placed on the user dashboard. Most of the wallet’s recent upgrades have also been directed towards improving its functionality, as indicated on Neon Wallet’s GitHub page.

For instance, recent updates have ensured that the wallet supports offline signing and authorization of transactions. Additionally, the wallet developers have also introduced multi-lingual functionality to the desktop client and made it available in over ten international languages.

Neon Wallet

This is an independently developed desktop wallet by the City of Zion team and is one of the best NEO Wallet Mac. The Neo developers have reviewed it and expressed 100% satisfaction in the security of the wallet.

This wallet is relatively easy to install and begin using making it user-friendly especially for new users. The Ledger Nano S also uses the Neon wallet to store Neo coins making one of the safest and best wallets in 2021.

Ansy Neo Paper Wallet

One of the safest ways to store your Neo coins is on a paper wallet, which is then stored in a secure location. Ansy is one such minimalist paper wallet on which the user’s encrypted private key and public key are printed.

The user can use the private keys when they want to use Neo coins for any kind of transaction and the public keys for sending tokens to their wallet. This makes the security of the ansy wallet extremely high as the user only has to make sure the printed paper remains secure.

Tips for securely storing your Neon Wallet

  • Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
  • Back it up. Maiar.com use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
  • Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
  • Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
  • Update your antivirus software. Maiar.com care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
  • Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.

Disclaimer:

Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment into any online program with money you aren’t prepared to lose. Make sure to research about the website. So Please take care of your investments. and be in the safety site and avoid much losing online.

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