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What is GAS?

GAS (GAS) is part of a two tiered system, that being NEO and GAS. GAS is used to enable the NEO blockchain, and generated when an individual holds NEO. While individuals hold NEO, GAS is generated automatically as blocks are verified on the NEO blockchain.

  • There is a cap of 100 Million GAS and the last GAS token is predicted to be generated in 2039 predicting it may become a store of value.
  • The value of GAS is not linked to the value of NEO. Making GAS and NEO distinct sides of the same coin so to speak.
  • Users pay with GAS to deploy and run smart contracts. Fees are proportional to the computing resources consumed by the contract. These fees are distributed as a reward for their activity on the network.

GAS is an integral part of the NEO blockchain and ensures it runs smoothly. Developed in 2013 in China, GAS has the potential to become a store of value once the 100 million cap is reached in the coming years.

How do I buy GAS?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for GAS and click "Buy".
That’s it!
You now own some GAS! You can click "Go to GAS Wallet" to see your GAS.

Learn more about GAS

Why Should I Trade GAS with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell GAS no matter what your trading experience is. Unlike other international and Australian GAS exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy GAS with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade GAS how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your GAS?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your GAS for free.

Cold Storage

If you are holding GAS as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy GAS. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for GAS. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
GAS has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As GAS is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual GAS exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in GAS & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying GAS safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your GAS portfolio here.
Yes! With CoinSpot you can convert your GAS to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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