NEO Sports Betting 2023

Before you can discover the uses of NEO Coin and where you can obtain it, it's important to understand the origin of this crypto product (read this – crypto sports betting).

You need to know the basic standpoint of NEO Coin by looking into the crypto project inception point. NEO was initially established as AntShares. Its establishment dates back to 2014, and Da Hongfei and Erik Zhan were the two individuals behind this project.

In 2017, the company rebranded to NEO and has kept the title ever since. From the basic standpoint, NEO provides blockchain functionality that isn’t too different from that of Ether. The project primarily focuses on smart contracts.

As a blockchain-based platform that enables the growth of digital assets and supports its own cryptocurrency, NEO not only utilises smart contracts to create a distributed and network-based smart economy system.

In addition to the Neo Coin, the software that powers NEO operates other cryptocurrencies and decentralised apps, popularly known as dApps. Also, users of the NEO blockchain have the ability to use the Gas Coin that allows them to complete transactions and pay the fees. NEO has some special features that make it unique.

We can say in this NEO cryptocurrency review that unlike many other cryptocurrencies, this coin is part of the popular and larger NEO smart contracts ecosystem and decentralised apps.

The most important features that this cryptocurrency offers are data security, decentralised storage, and cross-chain interoperability, to mention just a few of them. Any other crypto product can run on the Neo network, thanks to its NEP-5 standard.

In many ways, NEO functions as Ethereum that also supports dApps and smart contracts in addition to its own currency. However, unlike Ethereum that requires Ether currency to pay all transaction fees, NEO needs a second coin, known as Gas, to pay the transaction fees (read this – bet with Ethereum).

Many individuals refer to NEO as a Chinese Ethereum. However, this platform defines more ambitious goals than just being a perfect place for dApps. Should the developers’ plans come true, the universe will see a smart type of economy.

An increasing number of cryptocurrency online casinos is already taking advantage of the opportunity and offering lots of NeoGas games, slot machines and sports betting markets. 

This Gas NEO is truly a fuel for smart contracts and computations working within the NEO platform. So how can punters take advantage of NEO Coin crypto? There are some aspects that make it unique, and you’ll find them in the following section.

Since the NEO system works with advanced proof-of-stake algorithms, NEO coin mining isn't possible. But if you have approximately 2000 NEO Coins, you’ll get one Gas daily free of charge.

The real flow capacity of NEO is roughly 1000 transactions a second, while its close NEO vs Ethereum competitor can only process 30 t/s. 

In addition to that, NEO token is popular as it offers extra benefits that other crypto products provide since it is one of them. To enjoy all these benefits, you should be able to join one of the recommended sites.

The recommended sites are reliable, safe, fair, and offer everything that you need as a punter, ranging from quick deposits to instant withdrawals and mobile friendly sites to lots of markets to pick from. Also, sites that support NEO offer massive amounts of bonuses and promotions as well as plenty of VIP rewards.

To buy NEO cryptocurrency is one of the easiest things that you can do on this earth. To get your coins, you only need to go through a few steps, which are:

• Create a NEO cryptocurrency wallet
• Find your NEO address
• Visit Binance or any other popular platform
• Deposit Ethereum or Bitcoin to your account
• Buy NEO crypto using Ethereum, Bitcoin or a credit card
• Find your NEO address and receive the coins

If you do not want to work with Binance, other options are HitBTC, Bittrex and Bitfinex. When it comes to storage, there are two great options available for you; they include Ledger Nano X, one of the main leaders of the crypto wallet market and Binance, a great wallet that provides you with a safe online storage.

Once you have the coins in your wallet, transferring them to your sportsbook or NEO casino site account is not only easy but also straightforward.

What you just need to do is to create a sportsbook account, visit the cashier section, choose NEO as your preferred method of payment, enter the amount that you want to deposit and then confirm your transaction.

Your funds should be available in your account instantly or within seconds if there are some delays. You can use this crypto to place bets on all sports as well as online casino games.

As you already know, there’re many betting sites that will allow you to place bets using different cryptocurrencies, including NEO.

While some of them are sportsbooks that have just started to accept crypto payments, others are wholly cryptocurrency sports betting websites that operate using NEO blockchain technology. Gambling and cryptocurrencies are a perfect match for various reasons. The main pros of using Neo Coin to place bets are:

• Low or non-existent fees
• All  transactions are fast
• Your information is as private as possible

As much as placing bets with NEO offers many benefits, there’re also some drawbacks which include:

• All transactions are irreversible
• NEO Coin is a lot more stable
• Lots of scam gambling websites are available out there

Now, this is the end of our NEO Coin review, and it is a perfect time to start gambling with it. A sure bet is to pick a top-rated sportsbook and sign up to get started. Always visit the curated list of online betting platforms and pick the best offer for you.

That will enable you to enjoy all of the benefits that we have mentioned in this review and be able to support your favourite teams while at the same time increasing your bankroll, because future NEO coin value looks good.