NEO has been know as the "Chinese Ethereum". NEO develops a "smart economy" with a blockchain technology that has the ability to manage digital assets using smart contracts. NEO differs from Ethereum because NEO provides GAS as a reward for proof-of-stake as long as your NEO is kept on a wallet that allows you to claim GAS. GAS is considered a form of a "dividend" for NEO owners.
In order to earn and claim GAS, you should make sure the NEO wallet you use supports the proof-of-stake network. We recommend moving your NEO off the exchange as soon as you have them for secure keeping. Below are the best wallets for your NEO in order to keep the secure and to earn free GAS.
Ledger Nano S Wallet:
The Ledger Nano S is a hardware wallet which is known to be the safest way to store your cryptocurrencies. Hardware wallets are a good way to store your digital assets off of the exchange. You will physically need your Ledger hardware wallet and PIN in order to have access to your NEO- this adds an extra layer of protection. The Ledger Nano S is easy to use and has a built-in screen to access your different wallets. Read our full review about the Ledger Nano S here.
Ledger Nano S works with the Neon wallet that can be found in the downloads page of the NEO website. To store your NEO on your Ledger Nano S, follow these steps:
- Install the NEO app on your Ledger device. The app installer is found on the Ledger Manager.
- Download the Neon WalletO on your desktop found on the NEO.org website: https://neo.org/download
- Open the Neon Wallet on your computer and open the NEO app found on your Ledger Nano S device.
- Once the wallet is open, you can find the public key for your NEO and GAS. You can move both NEO and GAS to the NEO wallet, You will also have the option to claim GAS with this wallet.
NEO Tracker is an online wallet that allows you to login with your private key or keystone file. NEO Tracker also works as a NEO blockchain explorer. It's an open source wallet that is found on GitHub. Be sure to save the JSON file and print a copy of the wallet key. Loosing your private key and JSON key file will lock you out of your wallet.
NEO has many different wallets available to store NEO and have the ability to to claim GAS. Most exchange wallets will not earn you GAS if you keep your NEO on the exchange wallet. However, Binance exchange wallet does allow you to claim GAS if you have NEO stake on the exchange wallet.