How To Buy Neopin (NPT)?

A common question you often see on social media from crypto beginners is “Where can I buy Neopin?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Neopin (NPT)

First, you will need to open an account on a cryptocurrency exchange that supports Neopin (NPT).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Neopin (NPT) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Neopin (NPT)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Neopin (NPT) or Neopin (NPT) trading pairs. Look for the section that will allow you to buy Neopin (NPT), and enter the amount of the cryptocurrency that you want to spend for Neopin (NPT) or the amount of fiat currency that you want to spend towards buying Neopin (NPT). The exchange will then calculate the equivalent amount of Neopin (NPT) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Neopin (NPT) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Neopin (NPT)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Neopin (NPT)?

With its core vision of “connection” and “expansion”, NEOPIN aims to be an “open blockchain platform” that connects a range of blockchain-related services, such as a crypto wallet, games, P2E, S2E, and NFT, etc.

Developed and launched by NEOPLY—the blockchain subsidiary of NEOWIZ Holdings—NEOPIN offers a variety of crypto-financial services including Staking, Swap, Yield farming, Lock-up, etc. along with a crypto-wallet that supports various cryptocurrencies such as Klaytn (KLAY) and Tron (TRX).

What is the NPT Token?

NEOPIN Token (NPT) is a Klaytn network-based token used as a governance token for the NEOPIN project.         

Neopin development updates in 2023

Neopin (NPT) has made significant strides in 2023, focusing on expanding its protocol and enhancing its offerings in the decentralized finance (DeFi) sector. Here’s an overview of the most important developments:

• Protocol Expansion and Bridge Features (Q1 2023): In the first quarter of 2023, Neopin underwent its fourth phase of protocol expansion. This phase included adding support for Ethereum and Polygon bridge features, as well as wrapped token functionalities. This expansion aimed to enhance interoperability and accessibility within the blockchain space.

• Launch of Yield Farming Pools and Swap Features: Alongside the protocol expansion, Neopin launched yield farming pools and swap features for Ethereum and Polygon coins & tokens. This development was a significant step towards providing users with more opportunities for earning rewards and engaging in DeFi activities.

• Introduction of Stable Coin Related Products: The introduction of stable coin-related products was another key focus area in Q1 2023. These products aimed to provide more stability and reliability in the DeFi market, attracting a broader user base.

• Premium Membership Program (Q2 2023): The second quarter saw the launch of the Neopin Premium Membership Program. This initiative aimed to offer exclusive benefits and features to its members, enhancing user engagement and loyalty.

• Support for Liquidity Staked Assets: In Q2, Neopin also expanded its support for liquidity staked assets. This move was geared towards improving the liquidity and efficiency of the DeFi ecosystem on the platform.

• Governance Voting Platform (Q3 2023): The third quarter was marked by the launch of a governance voting platform with Layer 1 (L1) network support. This platform empowered users by allowing them to participate in the decision-making process, making the platform more democratic and community-driven.

• Support for Cosmos-compatible Network: Addition of support for Cosmos-compatible network further diversified the blockchain networks available on Neopin, enhancing the platform’s versatility and reach.

• Additional Support and Major Protocol Updates (Q4 2023): The final quarter focused on adding support for the Finschia blockchain network and one EVM-compatible Layer 2 (L2) network. The launch of staking products and a bridge feature on Neopin Web were also significant milestones. Furthermore, major updates to the Neopin protocol were released, aimed at refining and enhancing the platform’s overall functionality.

These developments throughout 2023 demonstrate Neopin’s commitment to innovation and its continued growth in the blockchain and DeFi sectors. By focusing on protocol expansion, introducing new features, and enhancing user participation, Neopin is positioning itself as a significant player in the evolving landscape of decentralized finance.

Official website: https://neopin.io/

Best cryptocurrency wallet for Neopin (NPT)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Neopin (NPT)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).