NEO decentralized exchange tutorial- switcheo.exchange
you will need a private encrypted key: download the neon wallet from https://github.com/cityofzion/neon-wallet/releases
once downloaded, double click the neon icon and click 'create wallet'. you should use a long but memorable passphrase and click 'generate keys'.
click 'save your account' to download your keys to your computer when in settings, but also write down your keys for back up.
you can purchase NEO from Binance, which is what I recommend.
click 'wallet login' in the top right corner on switcheo.exchange (your keys never leave your browser, this exchange does not have access to them).
select your trading pair in the top left corner on switcheo.exchange
when placing an order, make sure you select BUY when buying, and SELL when selling.
click offers you want in the order book section (you can use the slider for the percentage of the selected order you want to fill).
the contract balance reflects the tokens from your wallet required for your buy/ sell offer.
under your transactions it will either say: *filling - waiting to be filled by other traders or
*filled - tokens are on their way and exchange fees processing.
if it says, 'failed', your tokens are returned. you can also cancel filling orders by clicking the red X and tokens will be returned to your wallet.
when withdrawing from the exchange and back to your wallet, NEO can only be taken out in whole numbers. I recommend using gas (most stable) for exchange fees or switcheo, which is 50% off.
***Effect.Ai is also coming out Monday (tomorrow) on the decentralized exchange, switcheo
~thank you for reading my tutorial and I hope it helps :)
