NEO has been one of the most talked about cryptos, in the last few months and like me, many of you must have picked it up. Finally, your NEO coins can be moved out, from the exchange, into a safer desktop wallet. You can download it from here:
Why you should do this?
Simply, to earn more. Once you transfer the NEO coins into their official wallet, they start earning interest, so to speak, in the form of ANTcoins or GAS. So, maximize your returns, by holding your investment in a wallet that will pay you.
But before you do, you need to read this, so you dont lose your NEO. Neon wallet does not recognise fractional values. For example if you send 1.9 NEO to the wallet, you will only get credited with 1 NEO and you will lose the fractional value of .9, even though you paid for it. Sounds unfair right? Well it is, but now that you know this you won't transfer the fractional amounts and that solves your problem, right? Wrong.
If you send 10 NEO, your exchange charges a fee of .1 NEO and transfers only, 9.9 NEO. Since you cant hold indivisible amounts, your neon wallet will only get credited with 9 NEO. So you still lose a full NEO, worth 20$! To minimize your losses, transfer whole numbers plus 0.1'NEO. If you transfer 10.1 NEO, your wallet gets 10 NEO and you lose nothing. Its not so hard, and everyone who plans on holding their NEO for a while, needs to transfer their coins to Neon wallets, so they can start earning dividends immediately.
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Thanks cheetah for sharing this article, it's quite informative. Unfortunately, it is quite old in its figures etc. , making it partly irrelevant. I merely, shared my personal experience, as I just transferred my NEO to a wallet. So keep up your mediocre work in trying to identifying plagerisers!
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