how to buy enjin coin

Enjin Coin is the valuable utility token of the Enjin platform. Recently, Enjin has become popular among blockchain gaming creators and NFT developers. On social media, many users have started asking questions like “how to buy Enjin Coin (ENJ)” and “where to buy Enjin.”

Do you want to buy ENJ and be part of the gaming platform’s ecosystem? In that case, you should read this article thoroughly. We’ll cover the fundamental steps of buying ENJ, as well as some essential topics about the token.

Enjin Coin (ENJ) Buying Guide

Step 1: Find An Exchange That Supports ENJ

To start buying ENJ, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support ENJ.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
  • Sign-up bonus: 10% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 300+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.020%*-0.070%*
  • Sign-up bonus: 5% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying ENJ, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy ENJ Officially?

Learning how to buy ENJ is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the ENJ ticker. You can also look directly for ENJ trading pairs to save time. Afterwards, just enter the amount of the ENJ tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About Enjin Coin (ENJ)

Enjin Coin is the utility project of Enjin – a company focused on creating NFT gaming products and systems. Under the Enjin platform, users can create games, websites, societies, and dozens of blockchain assets.

The Enjin Coin (ENJ) is powered by the Ethereum blockchain under the ERC-20 token standard. ENJ is flexible enough for trading, swapping, and collecting. A portion of the token’s value is locked into NFTs that can be bought and sold within the Enjin ecosystem.

Here are some of the top features of the Enjin platform:

  • Social gaming connectivity
  • Virtual item stores and marketplaces
  • Asset tokenization
  • Asset transparency and market scarcity
  • Enjin wallet for users
  • Free Ethereum scaling for all apps
  • Seamless asset minting
  • Accessible asset burning mechanism
  • Utility functions for games and apps

The Enjin platform is beneficial for startups and small blockchain gaming companies. With limitless scaling functionalities and constant updates, Enjin can guarantee the growth of any blockchain game or program.

How Does Enjin Work?

ENJ, the operational token of Enjin, can be used for service payments, transaction fees, governance, and minting. Cryptocurrency HODLers can also use ENJ tokens to grow their portfolios or investment accounts.

What Makes Enjin (ENJ) Unique?

The most unique thing about Enjin is that every asset minted in the platform is pegged to the utilization and value of ENJ. This simply means that all assets in the Enjin platform are stable, secured, and will accrue value over time. As Enjin continues to grow, the asset creators within the ecosystem will always reap benefits from their masterpieces.

The Enjin platform also allows a great degree of control for all project creators. Anyone can mint assets in Enjin, and these assets can be traded in the Enjin marketplace. The dynamic between assets and ENJ is transparent: ENJ will get scarcer as more assets are minted by users.

Enjin relies on numerous on-chain and off-chain systems to achieve a balance between asset creation, asset minting, and asset management. All processes are also managed by advanced smart contracts deployed within the Enjin ecosystem.

Who Are the Founders of Enjin (ENJ)?

The founders of Enjin are Maxim Blagov and Witek Radomski. Enjin originally started as a gaming community network led by Blagov. Radomski, on the other hand, became the community’s CTO. With blockchains and NFTs getting popular, the founders shifted their focus to NFT asset creation and management.

What Are the Use Cases of Enjin (ENJ)?

Enjin has different use cases related to service payments, governance, and NFT utilization. Understanding ENJ’s use cases will help you determine if the token is aligned with your trading preferences.

Here are the common use cases of ENJ:

  • Speculative trading
  • Investment
  • Transaction fees
  • Service payments
  • Governance
  • Burning and minting
  • NFT functionalities

Who Builds on Enjin Coin (ENJ)?

Enjin (ENJ) is a dynamic platform designed for creating and managing NFT assets. Developers and project builders can use Enjin to build and tokenize their assets anytime. Unlike other platforms, Enjin guarantees results within minutes. More importantly, users can sell their assets inside the Enjin ecosystem.  

Official website: https://enjin.io/

Essential Points of the Enjin (ENJ) Whitepaper

The Enjin Whitepaper explained the conceptual model and top features of the Enjin ecosystem. Additionally, the paper covered the tokenomics and utilization factors of ENJ.

These are the strong points of the Enjin (ENJ) Whitepaper:

  • Enjin technical features
  • Tokenization and smart contracts
  • NFT asset creation and minting
  • NFT asset storage or management
  • Enjin Wallet for daily users
  • Automatic payments and fees
  • Seamless SDKs for project builders

The Best Cryptocurrency Wallet for ENJ

After knowing how to buy ENJ, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for ENJ?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of ENJ wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade ENJ right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy ENJ, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for Enjin (ENJ)

Do you want to learn more about Enjin Coin (ENJ) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about Enjin (ENJ)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

Related Posts

Leave a Reply

Your email address will not be published.