Question

A new neighbor asks you: ¿Cuál es tu nombre? How would you respond?

Answer 1

Mi nombre es "insert your name", ¿ y tu, como te llamas?

They asked, what's your name, you respond by telling them your name then asking for theirs

Answer 2

Well you can respond: Mi nombre es ( ).
In the parentheses you add your name.
This means my name is ( )