Bitcoin Forum

a friend of mine says you get more coins sent to your binance wallet when you store neo there .. anyone have experience with keeping their neo in binance? if so, what’s the rate of coins gained? not too familiar with this and how it works if anyone cares to explain.

If you store your NEO coins there they will collect NEO GAS for you and deposit it in your binance wallet. It's easier to let them manage it, but it is not as safe as having your own coins in your own personal wallet on your own computer.

Thanks...

Neo Gas, huh? seems like a relatively small coin..cant even find it on coinmarketcap.

any other coins that accumulate others in a binance wallet?

so could trade immediately with gas on binance. but i would hold in desktop wallet. u only have to claim it.

Storing on a market account you are trusting them with your assets and delegating management of forks, security...

If you store your neo in binance or any other crypto exchange you automatically get Gas into your wallet at the end of the month. You don't get any other crypto for storing your NEO. But if you keep your NEO into your wallet then also you will receive GAS , no need to keep it in any exchange.

i don’t think bittrex gives you neo gas

Nope so far only binance is giving it afaik(besides neo official wallet)Its a great way to earn $ from gas and use that money to increase your neo count and gas produciton and the circle continue.You can also use it as a hedge fund that protects you from price fluctuation,its a win-win situation

I wouldn't hold my coins in an exchange. It's always better to keep them in wallet that you own its private key.
The coins that you can collect from Binance are not eve worthy.