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How to Buy Enjin coin (ENJ) in 3 Simple Steps

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Author: Alice Leetham Updated: September 5, 2022

Enjin is an ecosystem of blockchain gaming products that enables the creation, distribution, and trading of non-fungible tokens (NFTs) backed by the project’s own cryptocurrency, ENJ. NFTs are quickly becoming mainstream and Enjin’s tools help individuals, businesses, and developers to get involved with this exciting industry.

You can get involved too, as this guide will take you through how to buy ENJ and tell you a bit more about the project.

How to Buy Enjin coin

You can purchase Enjin coin online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Enjin coin and simple steps to buy Enjin coin.

1. Choose a platform

Start by finding a broker that sells ENJ. You’ll have quite a few options to choose from but it is wise to prioritise security and ease of use when making your choice. If you’re not sure where to start, just take a look at the platforms we’ve shortlisted further down this page or our top recommended ones below.

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eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
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Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
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Full regulations list:
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The world's largest cryptocurrency exchange with over 2bn daily users
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Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Payment Methods
Credit Card, Debit Card, PayPal, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
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2. Create and fund your account 

Create an account on the cryptocurrency exchange or broke by filling in your details and providing any documents requested such as a photo ID or proof of address. After that, you can click deposit and select any of the supported payment options to fund your account.

3. Buy Enjin coin

Find the trading pair containing ENJ and the currency you just deposited. Now you can purchase ENJ by creating a buy order. A limit order will execute once ENJ reaches your chosen price, while a market order executes immediately at the current price.

Buy Enjin Today!

What Is Enjin coin?

Enjin is a suite of products that allows users to create, store, and trade NFTs, with a focus on gaming. NFTs can be minted on the Enjin Platform, stored in the Enjin Wallet, and bought and sold on the Enjin Marketplace.

Enjin’s tools enable users to tokenise in-game items as NFTs on the Ethereum blockchain. This brings the advantages of blockchain to in-game items, making them secure, quick and cheap to transact, and giving them real-world value. NFTs also mean that gamers have true ownership over their items.

On the Enjin Platform, NFTs are created by locking up the project’s cryptocurrency—ENJ. This is what infuses Enjin NFTs with real-world value. The ENJ locked inside NFTs can be retrieved at any time by “melting” the NFTs.

The Enjin ecosystem also provides SDKs that allow developers to build NFT-powered projects such as websites, apps, and games.

Ways to Invest in Enjin coin

Some investors choose to hold onto their ENJ for a long time, while other people want to sell it as soon as possible. These approaches require different skillsets and time commitments, so which you choose is a matter of preference.

Buy and hold Enjin coin

The buy and hold strategy is easy to follow for any investor, however uninitiated. It simply involves buying ENJ and holding onto it for a while in the hope that it appreciates in value. It requires a minimal amount of time and skill.

What’s more, ENJ holders can stake their tokens in order to earn rewards in EFI, the token of Enjin coin's cross-chain NFT blockchain Efinity.

Best Enjin coin wallets

When holding onto ENJ for a long time, it can be beneficial to set up a private wallet and take custody of your tokens yourself. This gives you full control over your ENJ and provides an extra bit of security.

Software wallets are free, often intuitive to use, and can be downloaded onto computers or mobile devices. The Enjin coin Wallet is software that can store ENJ as well as hundreds of other cryptocurrencies and NFTs. Hardware wallets such as Trezor, BitBox, and Ledger cost money but provide even better security.

Trade Enjin coin

ENJ can also be traded by buying and selling it much more frequently than investors. Trading strategies exploit ENJ’s volatility but are harder to execute than investing as timing is key, so traders may have to regularly monitor and analyse the market to find the best entry and exit points.

For traders, web wallets are likely to be the most convenient place to store their Enjin coin ENJ as it means they don’t need to regularly transfer tokens to and from their exchange. In fact, cryptocurrency exchanges usually provide their own web wallets for free. While an exchanges wallet might make it easier to buy and sell Enjin coin you should consider security, some traders prefer to keep some of their digital assets in their own private wallet to avoid issues if anything where to happen to the exchange.

Should I Buy Enjin coin Now?

You will have to make this decision for yourself based on all the information you can find. There is a capped supply of ENJ, which could make it a good store of value over time. Also, minting NFTs on the Enjin ecosystem requires ENJ to be locked up, which drives demand for the token and means some of the ENJ supply has been removed from circulation. This could prove to be positive for ENJ price.

The development of Efinity could also be beneficial for ENJ. The provision of EFI staking rewards further incentivises the use of Enjin’s products and locking up ENJ to mint NFTs.

The success of the Enjin ecosystem and its ENJ token will probably be strongly influenced by the popularity of NFTs and blockchain gaming. These are industries experiencing dramatic growth and interest, as these technologies bring a range of benefits to the already huge gaming industry, such as efficiency, digital ownership, and a decentralised play-to-earn model.

Enjin already powers a number of projects, and its user-friendly range of tools and products positions it well to take advantage of the growing excitement around NFT gaming.

Frequently Asked Questions

  1. Enjin coin or ENJ is an ERC-20 token so if you send it to another Ethereum address, you will have to pay Ethereum gas fees. Brokers or cryptocurrency exchanges may also charge their own fees for buying, selling, and withdrawing Enjin Coin ENJ. Check with your platform to find out its fee structure.

  2. JumpNet is an Ethereum scaling solution that enables Enjin coin ENJ and NFTs to be transacted instantly, securely, and for free.

  3. ERC-1155 is a token standard for the Ethereum blockchain. It was created by Enjin co-founder Witek Radomski and can be used to mint both fungible and non-fungible tokens.
  4. Games already leveraging Enjin’s tools ad products include 9Lives Arena, The Six Dragons, Lost Relics, Age of Rust, and Forest Knight.
  5. Enjin Beam is a way of distributing blockchain assets using QR codes. It enables people to scan QR codes to instantly receive NFTs.

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