NEO is an open-source blockchain framework meant for decentralized applications or DApps for short. We wrote an article explaining what NEO is and how it works.
The framework has multiple crypto wallets. This guide will focus on installing and setting up the NEOLINE crypto wallet and the NEON Wallet.
How to Set up a NEOLINE Browser Wallet
NEOLINE is a browser extension that only works on the Chrome Browser. If you don’t have Chrome, I recommend grabbing the NEON Wallet cross-platform wallet instead.
1. Go to the NEOLINE website and select the extension tab to download the extension.
2. Once it’s on your Chrome browser, press the CTRL, SHIFT, and F keys on your keyboard to open up the extension.
3. You will be given an option on whether you want to create a new wallet or import an already existing one. I will show you how to create a new one.
4. Choose which of the two blockchains you would like to be on; Neo Legacy or Neo N3. The Neo Legacy blockchain is the older chain that the company has had since the beginning while N3 is the newer protocol. The N3 blockchain comes with a slew of new features that are incompatible with the Legacy protocol.
I’m going to choose N3 in this example.
5. Create a wallet name and enter a password.
6. Next, you will be given your private key. Do not, under any circumstances, lose this key because NeoLine will not store it. If it’s lost, it’s lost.
NeoLine gives you the option to back it up which I recommend that you do. When copying your key, do so in a private place. I recommend that you write it down on paper, a notebook, or even an encrypted USB drive; anywhere that’s totally safe.
With that, your NEOLINE browser extension has been created and you’re free to trade with it.
How to Set up a NEON Wallet
The NEON Wallet is the app counterpart of the extension and is available on Windows, Mac, and Linux. It has a lot more features than the browser extensions and great information avenues to learn from.
1. Go to the NEON Wallet website and download your preferred app. Follow the prompts to install it.
2. Once you open the app, you will be given the opportunity to either create a wallet or import one. Since I created a wallet earlier in the guide, I’m going to choose to import and stick to the N3 protocol.
3. To import, you will need to type in your private key, wallet name, password. After you put in your information, you will be given an encrypted key and your public address. Save these credentials to not lose access to your assets.
You’re given the option to either print the credentials or generate QR codes.
4. Close the tab by clicking the X in the upper right-hand corner to go to the front page.
5. Under the Saved tab, choose your wallet and enter your password to be taken to your account. You now have your NEON wallet app set up
Your account will have a News tab to keep up with the latest news, Settings to change the design and language (up to 12 different languages), and access to market data. The app updates in real-time so you’re never behind.
Do note that these crypto wallets are on a decentralized blockchain so the security level is pretty high, but there’s nothing extra beyond. If you’re interested in boosting your security, I recently wrote a guide on the best browser extensions for crypto investors, and among them are security extensions that I highly recommend.