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How to Buy Gas (GAS) in 4 Easy Steps

Quick Answer:

You can buy Gas and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Gas.
  2. Register a new account.
  3. Fund your account.
  4. Buy Gas.

These steps are simple if you know where to buy Gas cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Gas (GAS) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Gas Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

18

Only 18 of these exchanges sell Gas.

We then filter down the entire set of possible marketplaces to only the ones that have active GAS markets.

9

Only 9 of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

4

Only 4 remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Binance

World's largest crypto exchange, known for its wide range of trading options, low fees, and strong security features.

VISIT Binance Read Review
Reasons we โ™ฅ Binance:
Low Fees
Wide Selection of Cryptocurrencies
Extensive Trading Tools and Options
Robust Security Features
Educational and Extra Features
CRYPTOCURRENCIES:376
FUNDING:
Apple Pay
,
Google Pay
,
Bank Transfer (ACH)
,
Wire Transfer
,
Debit Card
,
SEPA

Step 2Register Your New Account

Users have the option to sign up using their email address, phone number, or directly with an Apple or Google account. It's important to select the account type carefully, as it cannot be changed after registration.

  • Go to Binance Website: Visit the Binance website and click on 'Register'. Choose your preferred registration method (email address, phone number, Apple, or Google account).
  • Enter Email/Phone Number: If registering with an email or phone number, enter the details. Optionally, if referred by a friend, enter their Referral ID. Agree to the Terms of Service and Privacy Policy, then click 'Next'.
  • Verification Code: Receive a 6-digit verification code via email or phone. Enter this code within 30 minutes and submit it.
  • Create Password: Create a secure password for the account. It must have at least 8 characters, including at least one uppercase letter and one number. Click 'Next'.
  • Account Creation Confirmation: Upon completing these steps, the Binance account is successfully createdโ€‹โ€‹.

Step 3Fund Your Account

Once you have registered or logged in to your account at Binance, there are several funding methods you can use to buy Gas cryptocurrency.

You can buy Gas on Binance using:

  • Apple Pay: Instant processing time
  • Google Pay: Instant processing time
  • Bank Transfer (ACH): 1-3 days processing time
  • Wire Transfer: 1-3 days processing time
  • Debit Card: 1-3 days processing time
  • SEPA: 0-5 days processing time

Step 4Buy Gas (GAS)

After registering and funding your account at Binance, you should be able to buy Gas after your deposit finishes processing. After you receive your GAS, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Gas Exchanges

Gas is also available on these exchanges:


About Gas

Categories:Smart Contracts

What is Gas?

Gas (GAS) is a cryptocurrency used to pay for transactions on the NEO network. NEO is a second generation, Ethereum-like platform with an advanced, open source API. Developed in China, NEO hosts a number of ICO projects on its blockchain, all of which use Gas to fuel their transactions with NEO. Gas is mainly used to pay transaction fees for token and NEO coin movement across the blockchain and is distributed to addresses holding NEO at regular intervals.

History of Gas

NEO originally began as AntShares, founded in 2014 as โ€œChinaโ€™s first blockchain platform.โ€ It has been an evolving project with some parts still under development, making use of Ethereum-like smart contracts and hosting its own token system. Upon its initial deployment, the NEO team released a โ€œGas market dAppโ€ where users could go to purchase additional gas to cover their transaction fees. In it first year after being introduced to markets after the AntShares rebranding period, Gas has been extremely volatile, undergoing massive price swings and climbing 22-fold in dollar price over a 7-month period.

How Gas Works

Gas is one of the two native tokens of the NEO blockchain (the other, of course, being NEO). In the genesis block, 100 million NEO tokens and zero Gas tokens were created. Instead, Gas is distributed to all addresses holding NEO at a rate of 8 Gas per block, which are an average of 15-20 seconds apart. Gas is distributed proportionally to the amount of NEO held by each address. NEO holders claim their Gas using a feature built into the platform and most wallets. Eventually, the amount of Gas created will equal the total amount of NEO, at which time no new Gas will be generated.

Gas is primarily used as a flexible transaction fee that can prioritize transactions. Neo Gas works in a fashion similar to Ethereum โ€œgas,โ€ but instead of being denominated in units of its parent systemโ€™s namesake, it has properties, characteristics, and a trading symbol of its own. Gas is also used to conduct governance votes on the NEO network and access other functions within the platform.

Why Gas?

  • Gas is an essential part of the NEO platform, necessary for transactions, network voting and access to platform functionalities.
  • The success of Gas is dependence on the success of NEO: if NEO becomes a launching platform for ICO projects, develops a thriving ecosystem and community, or grows from any other positive aspect, the need for Gas will grow along with it.
  • Gas is generated at a very specific amount, at very regular intervals, with a predetermined cap on total amount generated. Much like bitcoin, the coding behind NEO has been well scrutinized and vindicated of containing any malicious code. This makes it a predictable store of value, even though the price of Gas has had a history of being anything but stable.
  • Two of the biggest exchanges to list Gas, Binance and KuCoin, offer zero fees for Gas withdrawals.
Gas (GAS)
Price
$7.8668582314988
24h Change
-3.1
7d Change
1.4