NEO originated in China in 2014 but became even more popular in 2017. It is a cryptocurrency that operates on blockchain technology that enables smart contracts. According to expert insights, this crypto is likely to become a more common choice for people both in China and around the entire world.
On the other hand, BTC, or Bitcoin, is one of the oldest and most popular cryptocurrencies in the world today. Most investors have or are planning to invest in BTC. Now that NEO is becoming popular and a preference for many crypto enthusiasts, many popular exchange platforms provide users with a BTC to NEO converter to help them know the exchange rates and commission that will be imposed on them.
What Is a BTC to NEO Converter?
This is a digital application integrated into a crypto exchange website or app to help people know the crypto exchange rates, commission, and total amount they will get. Therefore, it has an entry field for BTC and another dialogue box to show the results with the total NEO you will get.
A simple BTC to NEO converter might not show the commission as a separate number, but it is factored into the total amount of NEO you get. Therefore, you should expect different appearances of these apps as you visit different exchange platforms.
How to Use a BTC to NEO Converter
Just like any other crypto calculator, the left side has an entry box for you to input the amount of BTC you would like to convert. But a standard BTC to NEO converter offers other conversions as well. Hence, ensure that you choose BTC on the drop-down list before inputting the amount.
On the right side, there is another box that will indicate the result after making a conversion. Again, you need to choose NEO as the preferred conversion from the drop-down list. After this, you can view the results.
But a BTC to NEO converter does not stop here; the advanced ones will also help you to compare various exchange options especially if the converter is from an independent party. But if you want to convert Bitcoin with NakitCoins, then the converter will only give you the results of this particular exchange.
The converter can help you move to the next step of completing the transaction with just one click. So, if you are content with the exchange rate, click next to input your NEO digital wallet address. The last option is to receive the NEO in your digital wallet. It is that simple!
How Does a BTC to NEO Converter Work?
Behind the scenes, extremely detailed algorithms work at the speed of lightning to display the actual figures. The converter uses data from live BTC to NEO charts, which change every second. This ensures that they give the actual exchange rate as per that time.
Additionally, the BTC to NEO converter may also have other features, and their algorithms are also integrated behind the scenes. The app will keep receiving updates to improve its efficiency, appearance, and security. So, one on a trusted exchange platform is safe to use, and you will benefit from using it.