Neo is the token of the neo ecosystem. While GAS exists as the utility token, NEO is the governing coin of the ecosystem. That is to say; the ecosystem has a number of assets around it. However, neo is a cryptocurrency, and cryptocurrencies are known to be stored or kept in wallets. It can be hardware wallets (like Ledger Nano S) or the normal conventional software crypto wallets on exchanges and the likes.
There are basically a number of things the neo wallet can be used for. The first basic essence of a wallet, as stated earlier, is to store assets, although it is used for more purposes. The wallet can also be used to send and receive neo assets as well. This is possible as long as the sender has the correct deposit address of the receiver.
The neo coin is supported by a number of wallets online and can as well be stored on hardware wallet; Ledger Nano S. So, to create a neo coin wallet android, there is a neo wallet on Playstore. After installing the mobile app on any preferred device, fix in necessary details (email and four-digit pin that will be used to access the wallet), and the wallet is ready for transactions within minutes.
There is a very easy way to creating a neo wallet online. Open a browser and visit the web address; neowallet.io, click on “wallets”, open a new wallet and fix in a password that would be used in accessing the account as well as a pin. On the website, a number of supported wallets are listed. One can choose from the list of the wallets developed by neo ecosystem creatives.
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