Learn how to buy Enjin Coin (ENJ) with credit card or debit card, PayPal, bank wire, and more. We will tell you about the best places to buy Enjin coins in 2023. We will also provide you with step-by-step guides on how to buy Enjin coins on exchanges and brokerages.
What is Enjin and how does it work? How can you buy Enjin Coin today? What crypto brokerages and exchanges let you buy Enjin Coin Instantly? Equally important, what are the different ways of investing in Enjin coin?
In this comprehensive Enjin coin investing guide, we will answer these questions and tell you everything you need to know before buying an Enjin coin. We will tell you what makes Enjin popular and valuable to the extent of becoming a top 100 cryptocurrency. We will look at what makes it unique and examine its past price action and factors influencing its future value.
Importantly, this guide will introduce you to exchanges and brokerages that list the altcoin. You will also have access to a step-by-step process that teaches you how to buy Enjin from these platforms. But what do you do with Enjin coins after acquiring them? Well, we will teach you the different ways to invest in Enjin. This post will also introduce you to non-investing ways that you can use ENJ tokens.
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Start by identifying a reputable crypto exchange or brokerage that lists Enjin coins . Create a crypto trading account with them. In most cases, account creation involves supplying the exchange/brokerage with your personal information and verifying your identity.
After the account is approved, deposits funds therein. Different exchanges support varied payment methods. eToro, for instance, will let you deposit cash through bank transfer, credit/debit cards, and e-Wallets like PayPal, Skrill, Neteller. You and your preferred payment method determine the maximum deposit but the exchange/broker sets the minimum initial deposit.
After the deposit reflects in your trader account, proceed to buy Enjin coins. Depending on your preferred trading platform, you will have access to leverage or Enjin coin private keys. Most exchanges let you own the purchased Enjin coins by giving you their associated private keys. But they do not allow margin trading.
Brokerages, on the other hand, will only let you trade Enjin Coin CFDs. This involves speculating and betting on the coin’s next price action against the brokerage. You, therefore, do not get to own the token’s private keys. The upside is that they will let you trade Enjin CFD with leverage.
Enjin started as an online gaming community in 2009, created by Maxim Blagov and Witek Radomski. Over the next decade, especially after the launch of the Ethereum blockchain and smart contracts concept, Enjin embarked on a new path. It sought to integrate blockchain technology into its business and become the leading social gaming network in the crypto world.
It achieved this feat in 2017 when it launched an ecosystem of blockchain-based gaming products, the Enjin network. This network is housed on Ethereum blockchain and gives gamers and businesses the opportunity to create, manage, and market virtual content.
The plans to create the blockchain-focused Enjin network were made public in 2017. And the network eventually went live in 2018. But, like most other crypto projects, the Enjin network is still considered a work in progress. It is still undergoing significant developments and attracting new partners and collaborators such as Samsung.
As laid out in its white paper, this network is powered by the Enjin coin (ENJ), its native governance and utility token.
Enjin has created a host of complex software products and even SDKs that gamers and businesses can use to create (mint) new virtual items. Each of the items minted on the Enjin platform contains an ENJ coin. The token infusion gives the item a reserve value and confers it with the unique characteristics of a non-fungible token (NFTs). These items can then be sold on the Enjin network’s NFT marketplace.
Once an ENJ coin is used to give a minted item value and NFT status, it is taken out of the ENJ circulation. This makes ENJ tokens scarcer and has the net effect of making them more valuable. This argument is premised on the fact that as more gamers and businesses join the Enjin network and embark on minting virtual goods, the demand for ENJ tokens will rise against the diminishing supply.
The Enjin network and token are fundamentally different from the Bitcoin blockchain and the Bitcoin crypto asset. For starters, Bitcoin is a stand-alone blockchain network while Enjin is a protocol, housed on the Ethereum blockchain network. One might even argue that the only similarity between BTC and ENJ is that both are anchored on blockchain technology.
Some of their key points of divergence include:
Bitcoin is designed to serve as a store of value and a globally accepted medium of exchange. Enjin coins, on the other hand, are utility tokens for the Enjin network.
BTC uses the Omni layer used for creating and trading crypto assets on the Bitcoin blockchain. Enjin coin, on the other hand, is an ERC-20 token on the Ethereum blockchain.
Bitcoin’s maximum supply is capped at 21 million BTC, with 18 Million units in circulation today. Enjin coin, on the other hand, has a maximum token supply of 1 billion ENJ coins, with 860 million units in circulation today.
Enjin Coins were availed to the public via an ICO on 1st November 2017. At the time, ENJ coins were priced at $0.03 and 25 million Enjin tokens were introduced to the market. Data from CoinMarketCap suggests that Enjin started trading publicly the following day and ended its first day of trading selling for $0.017.
Unlike most other cryptocurrencies and tokens, Enjin token prices have never dropped below this introductory price. By the first week of January 2018, Enjin coin prices had shot up by 1500% to reach $0.45. But as the 2018 crypto winter set in, Enjin coin prices plummeted, falling to $0.05 by June and dipping to its ICO price of $0.03 by August.
The gaming token would record these depressed price actions throughout 2018 to 2020. During this time its value fluctuated between $0.03 and $0.22. The tokens trading volume also remained relatively low and only rose above $10 Million on limited occasions.
The Enjin coin only started changing when the larger crypto market started rallying in early 2021. For the first time ever, ENJ token price broke above $0.5 on 10th February. The coin would sustain this uptrend, reaching parity with the dollar on 1st March, and eventually peaking above $3.45 on 10th April.
While the token prices fell below $1 after the mid-2021 crypto market crash, Enjin proved its resilience with a swift rebound. On 25th November, less than 6 months after the devastating crypto market crash, Enjin coin set its current all-time high of $4.85 – more than 16000% above its ICO price.
Here are some of the factors that have had the greatest influence on Enjin coin prices. We believe that they will continue having a significant influence over ENJ’s price action moving forward.
Now that you understand what Enjin is and the factors influencing its token price, we now need to look at how you can invest in Enjin. Here, we look at the four most practical ways through which you can invest in Enjin coins today.
Buying and holding is the most common and the most beginner-friendly form of investing in Enjin coins. It involves buying ENJ coins and holding on to them for the longest time, hoping the token’s value will perpetually rise and reach unimaginable heights over time.
These long-term Enjin coin investors believe that Enjin is an invaluable crypto asset. They are convinced that as the adoption of blockchain technology peaks, more users join the Enjin ecosystem, and the crypto market sustains its uptrend, ENJ token prices will perennially rise.
You could also choose to trade Enjin CFDs. These are offered by crypto brokerages and involve betting on Enjin coin’s next price action, often against the broker. If confident that ENJ token prices will rise, you enter a buy (long) order. If you are correct and the token’s value rises, you make money, and vice versa.
Note that when you trade Enjin CFDs, you do not own the Enjin coin private keys. The upside to this however is that most brokers will let you open margined trades. Please note, however, that CFD trading is a high-risk investment that can result in substantial losses. Before deciding to trade CFDs, you should carefully consider your financial objectives, level of experience and risk appetite.
Just as the name suggests, day trading Enjin coin refers to the act of buying and selling Enjin tokens. But unlike long-term investing, day trading dictates that you close all your ENJ positions at the end of the day/trading session. One of the most popular day trading strategy involves opening and closing multiple orders throughout the day, some lasting only a few seconds.
Staking is also one of the most beginner-friendly forms of investing in Enjin coins. It is best used to complement the long-term investing strategy. It involves buying Enjin coins, staking them on third-party lending platforms, and earning interest – in the form of more ENJ coins.
Some of the most reputable platforms that support ENJ coin staking include Binance, Crypto.com, and OKex. These have highly variable rewards and according to StakingRewards.com, their annualized interest rate for staking ENJ coins starts from 0.5%.
After understanding how you can invest in Enjin, we now need to look at how you can buy Enjin using the most common payment methods.
Buying Enjin with a credit or debit card is as common as it is convenient. Card purchases are especially preferred to most other payment methods because they let you buy Enjin instantly. Cards are also easily accessible. Not to mention that the majority of crypto trading platforms, including eToro, support card payments.
You can buy Enjin with PayPal on a growing number of exchanges and brokerages, like eToro. However, this service is only available to residents of countries where both eToro and PayPal are supported.
As is the case with card deposits, the minimum you can deposit into eToro with PayPal is $200. The maximum, on the other hand, is capped at $10,000. Further, the deposit has to be made in USD. Else, the broker will impose a 2% currency conversion fee.
In addition to cards and PayPal, you may also buy Enjin with eWallets (Skrill, Neteller) on crypto exchanges like eToro. Like PayPal, these are only available to residents of countries where both eToro and the eWallet are supported.
They, too, have a $200 minimum and $10,000 maximum deposit limits. Further, there are no deposit fees, but non-USD deposits via eWallets will attract a 2% currency conversion fee.
You may also choose to buy Enjin with bank wire transfer. Note that bank transfer is the most accessible payment method. Bank deposits are, therefore, supported by virtually all the crypto trading platforms. It particularly comes in handy in jurisdictions where online cash wallets like cards and PayPal are not supported.
When buying Enjin with bank wire on eToro, you will need to make a minimum deposit of $500. And unlike all the other payment methods we have listed, there is no maximum deposit limit for bank transfers. However, the downside to buying Enjin with bank wire is that the deposit may take up to 8 days before reflecting in your trading account.
Most centralized crypto exchanges will not let you buy Enjin anonymously (without ID verification). Most won’t even let you access the user dashboard before verifying your identity. The only exception here is eToro. The brokerage allows you to deposit as much as $2250 into an unverified trading account. Note, however, that even this exception is only available to residents of select countries.
Ready to start buying Enjin coins today? Here is a summation of the three must-have tools:
You will need a crypto trading account with a reputable and highly reliable crypto trading platform. But even before settling on the best place to buy Enjin, you need to settle on a crypto trading strategy.
If you seek to buy and hold, you are better off opening a trader account with a reputable exchange. But if you wish to day trade Enjin CFDs, you are better off registering with a crypto brokerage. Read on to discover what you need to look out for when vetting a crypto trading platform.
After registering a crypto trading account, you will then need to make a deposit. The amount deposited should be enough to cover the value of the crypto purchase and transaction fees imposed by the broker/exchange.
You will also need a digital wallet where you can store your purchased Enjin coins. In this case, you have three Enjin coin storage options. First, you may choose to leave the purchased coins in the exchange-provided vault, which is not recommended.
Second, you may choose to store the coins in self-custodial online wallets provided by the exchanges and other third-party crypto custody service providers. This, too, isn’t advisable. Lastly, you have the option of investing in a reliable and ultra-secure hardware wallet that stores the private keys for your Enjin coins offline.
There are no defined minimum or maximum deposits needed to start buying Enjin today. In most cases, however, the minimum amount of Enjin you can buy will in most cases be determined by your preferred exchange/brokerage’s minimum deposit or trading limits.
There, nevertheless, are no maximum trade limits. Only you can determine how many Enjin coins you can buy. That said though, you are encouraged to consider a host of factors when deciding how much to invest in Enjin. These considerations include your risk tolerance level, your investing strategy, your disposable income, and your investment goals.
Most financial planners also encourage everyone to get into crypto trading. They, however, advise that you only convert between 5% and 40% of your portfolio to crypto. Around 5% for beginners and risk-averse crypto investors or as much as 40% for the more experienced and risk-tolerant traders.
There are three primary types of trading platforms where you can buy Enjin tokens today.
In a world where every crypto trading platform claims to be the best, identifying the one that is right for you can be such an uphill task. But with proper vetting, you can easily rule out unreliable platforms and find one that speaks to your Enjin trading needs. Here are some of the factors that you need to consider when looking for the best place to buy Enjin:
There goes everything you need to know about buying Enjin coins. Let us now look at the top 5 platforms where you can buy Enjin. For each, we will provide you with a step-by-step guide on how to create an account and buy your first ENJ coin.
eToro is an all-popular crypto trading platform, well revered for its social and copy trading features. Established in 2007 as an FX trading platform, eToro soon integrated crypto CFD trading as well as the purchase of actual cryptocurrencies (in select countries). Today, it is considered one of the best brokerages to buy Enjin and trade Enjin CFDs, primarily because of its social trading feature.
But the broker also makes it here because of its intuitive user interface, affordable trading minimums, and versatility.
The process of buying Enjin on the platform is easy and straightforward. The account registration process and its approval process is rather expedient. Furthermore, you only need to deposit a minimum of $200 ($50 for US residents and $500 for bank deposits) to activate the account. You can then start trading with as low as $25, Nevertheless, eToro gives crypto CFD traders access to leverage 2X their trading amount.
eToro also lets you either buy Enjin coins and receive their associated private keys or simply trade Enjin CFDs depending on your country of residence. The only available crypto pair on eToro at the moment is the ENJ/USD. It also has some of the fastest transaction processing speeds and highly competitive fees.
The broker, for instance, does not impose broker commissions. When buying Enjin, you will only have to pay a fixed spread, set at 3.9%, and a variable overnight fee.
Other special eToro features include the fact that it offers custodial wallet services. It provides all eToro platform users with a free non-custodial mobile wallet app. eToro US users also have their deposits of up to $250,000 insured with FDIC while Europe, the UK, and Australian clients have deposits of up to $/€/AUD 1 Million with Lloyd Bank of London.
Check out our comprehensive eToro broker review here to learn more about trading Enjin and other crypto and copy trading on the platform.
Step 1: Start the trader account creation by hitting “Join Now” on the eToro website.
Step 2: Complete the user registration form provided by the broker, read and agree to the terms and conditions, read and agree to the privacy policy, and conclude by verifying your identity.
Step 3: Log in to your approved eToro trading account and hit the “Deposit Funds” icon on the user dashboard.
Step 4: Use the fund account menu that pops up to choose your preferred payment method. Enter the amount you wish to deposit to eToro and hit the “Deposit” button to initiate the transfer of funds.
Step 5: To buy Enjin on eToro, click on the “Discover” tab on the user dashboard, choose “Crypto” from supported trading instruments, from the list of supported crypto assets, select “Enjin Coin” and click the “Buy” option.
Step 6: Customize the trade on the buy tab that pops up by entering the amount you wish to spend on the trade, and click on the “Open Trade” button to complete the purchase.
Note: The purchased Enjin coins will be delivered to the custodial wallet provided by eToro. You nevertheless can easily move these private keys to the free mobile wallet app provided by the brokerage. From here, you can send these private keys to third-party exchanges and digital wallets.
87.41% of retail CFD accounts lose money
Capital.com is one of the most reputable crypto derivatives trading platforms. It tops our list of the best places to trade Enjin CFDs because of its highly innovative and resource-rich platform. Launched in 2016, Capital.com became one of the earliest crypto trading platforms to integrate artificial intelligence into their trading platform. Today, the AI tool comes in handy in helping users with post-trade behavioral analysis.
We also include Capital.com here because it avails a wide range of integrated trading, analysis, and risk-management tools to traders. The trading platform, for instance, gives everyone access to advanced technical indicators, analytics tools, and advanced charts. The user interface is also straightforward and appealing to both beginner and expert traders. Not to mention that Capital.com is one of the few crypto brokerages that support hedging.
The broker’s onboarding process for new traders on the platform is also smooth and straightforward and the buying process is rather elaborate. Capital.com is also a no-commission broker that maintains highly competitive trading fees. To trade Enjin CFDs – there currently are 2+ Enjin pairs supported on Capital.com i.e. ENJ/USD, ENJ/BTC, and ENJ/USDT – you will only have to pay a highly variable spread and an equally variable overnight fee.
Other features that help Capital.com appeal to ENJ CFD traders include its comprehensive educational resources and trading guides. Others have praised its aptly updated market news section and its ultra-fast transaction execution speeds.
To learn more about trading Enjin and crypto CFDs on the platform, read this comprehensive Capital.com review.
Step 1: Open the official Capital.com website and click the “Trade Now” button on its home page to begin the trader account registration process.
Step 2: A registration tab will pop up, enter your email, and set the account password. You will receive a verification link to the email provided. Open this link and follow the prompts to complete the trader account registration and identity verification.
Step 3: Log in to the approved Capital.com account and on the user dashboard, hit the “Fund Account” icon. A fund account tab will pop up with a list of all supported deposit methods – based on your country of residence. Choose one method, enter the amount you wish to deposit, hit the “Deposit” button to initiate the cash transfer.
Step 4: Click on the “Trade” icon on the user dashboard and use the search button to find all the supported Enjin CFD pairs.
Step 5: Decide if you wish to open a BUY or SELL order. Use the trading menu that pops to the right of your computer screen to customize the trade and view all the applicable transaction fees. Set the trade amount, take profit and stop loss levels, decide on leverage to use, and hit the buy/sell button to authorize the trade.
Note: Since you are only trading Enjin CFDs on Capital.com, you will not need a digital wallet. This implies that you won’t have access to the private keys associated with Enjin.
Launched in 2012 in San Francisco, California, US, Coinbase is one of the oldest crypto exchanges. It is also one of the most reputable and reliable exchanges in the world. But it makes it to our list of the best places to buy Enjin today because of its beginner-friendly user interface. This interface is easy to use and even makes it possible for virtually anyone to buy Enjin instantly.
However, before you can buy Enjin on Coinbase, you will need to create a trader account and verify your identity. You will also need to deposit into the exchange using such supported payment methods as PayPal, credit cards, bank wire, ACH traders for US clients as well as SEPA and SOFORT for UK and EU traders. This gives you access to the multi-platform exchange that lets you buy, sell, store, and move crypto via its web-trader or mobile app.
At the moment, you can only trade the ENJ/USD and the ENJ/BTC pairs on Coinbase. To access more ENJ trading pairs, you might need to join Coinbase PRO.
Note that Coinbase doesn’t maintain deposit or withdrawal fees. It, however, is best known for maintaining a highly complicated fee structure. When buying ENJ on Coinbase, you will have to part with a transaction fee of 0.5% and whichever is higher of between $0.99 and $2.99 (based on transaction size) or a variable fee of between 1.49% and 3.99% (based on your deposit method and country of residence).
Other factors that make Coinbase appealing include the fact it offers custodial and self-custody wallet services. You can choose to leave your Enjin coins in the exchange that stores as much as 98% of these private keys in offline vaults and insures the 2% held in hot wallets. Alternatively, host them in the free Coinbase mobile wallet app. Note, however, that Coinbase doesn’t offer any leveraged product for the Enjin coin.
Learn more about trading Enjin and other digital assets on the exchange in this Coinbase review.
Step 1: Open the official Coinbase website and click on the “Get Started” button.
Step 2: Begin the account registration process by entering your name, email, and setting a password for the trader account. You will also need to read and agree to the exchange’s terms and conditions and privacy policy before hitting the “Continue” button.
Step 3: You will receive a verification link to your email. Open the link and follow the prompts to complete the account registration and user verification.
Step 4: Log in to your approved Coinbase trading account and click on the “Assets” tab from the user dashboard. Click on add a payment method and link your preferred payment method to the account, then use it to deposit funds into Coinbase.
Step 5: To buy Enjin on Coinbase, click on the “Trade” tab from the user dashboard and select ENJ from the list of supported crypto assets. Click on the “BUY” option and customize the trade by indicating the number of Enjin coins you wish to buy and tapping “Continue” to complete the purchase.
Note: The Enjin Coins purchased here will be delivered into the custodial exchanged-provided wallet. You, nevertheless, are free to move them to the self-custody and free Coinbase mobile wallet app or to other third-party exchanges and wallets.
Binance is arguably the world’s largest crypto trading platform. But we feature it here as one of the best places to buy Enjin today because of its relatively low trading fees. When buying Enjin on Binance, for instance, you will only pay a maker/taker fee of 0.1% and 0.04%. And if you pay for the transaction fee using BNB coins, you enjoy a 25% discount, pushing the trading fees to between 0.75% and 0.03%.
Other factors that make us include Binance among the best places to buy Enjin include its deep liquidity. Further, Binance supports 500+ crypto assets, exposing you to a wide range of ENJ crypto pairs. You, for instance, can trade 5+ Enjin coin pairs on Binance. These are ENJ/USDT, ENJ/BUSD, ENJ/BTC, ENJ/EUR, ENJ/TRY, ENJ/ETH, ENJ/BNB, ENJ/BRL, and ENJ/GBP. At the moment, Binance doesn’t offer any leveraged products for the Enjin coin.
In addition to spot trading Enjin coins, the exchange has also integrated a peer-to-peer trading platform on its website. This allows you to buy Enjin with numerous international currencies using the widest range of payment methods – both international and local.
But to start trading on Binance, you first need to create a trader account and verify your identity. This onboarding process is rather straightforward and the account approval process prompt.
You may also want to buy Enjin on Binance because it, too, provides both custodial and non-custodial wallet services. You have the option of leaving your ENJ coins on the exchange that stores your coins in an offline vault. It also insures client accounts for up to $1 Million. And for self-custody services, you could choose to use the Binance-linked and multi-currency Trust mobile wallet app.
To learn more about trading Enjin and other crypto pairs on Binance, read our detailed review of the platform.
Step 1: Open the official Binance website and hit the “Register” button on their homepage to begin the trader account registration process.
Step 2: On the account registration tab that pops up, enter your phone number and set the account password. Binance will send you a link or code to verify the email or phone number after which you will be required to verify your identity.
Step 3: Log in to your approved Binance trader account and hit the “Buy Crypto” icon. From the drop-down menu that pops up, choose “Third Party Payment.” Enter the amount of cash you want to spend on the purchase and select Enjin as your preferred crypto asset.
Step 4: You will be linked with fiat-to-crypto onramps that are ready to facilitate the trade alongside their charges and supported payment options. Choose one and follow the prompts to complete the purchase.
Note: You may also choose to buy a conventional asset like BTC or a stable coin like USDT and later use Binance’s “Convert” option to exchange them for ENJ coins. The purchased coins will be delivered to the custodial Binance exchange wallet, but you are free to move them to a third-party exchange or wallet.
Started in 2011 and headquartered in the US, Kraken is one of the oldest and most reputable crypto trading platforms. But we feature it here because of its reputation of commitment to safety. It is one of the few exchanges that have never been hacked, thanks to the multi-level security measures put around its servers and crypto storage vaults.
The exchange claims that its servers are under 24/7 surveillance and under armed guard. It then stores client funds in offline, air-gapped, and distributed vaults. This level of security explains why most experts consider Kraken one of the safest places to buy and store Enjin coins.
But this isn’t the only reason why we include it among the best places to buy Enjin. We include it here because it has one of the most beginner-friendly user interfaces. Plus, it lets you trade 2+ Enjin pairs i.e. ENJ/USD, ENJ/GBP, and ENJ/EUR. We must also observe that, like the two exchanges featured in this post, Kraken doesn’t offer any leveraged product for the Enjin Coin.
For instant trading, you will have to part with a fixed 1.5% fee. Spot traders will, on the other hand, be charged a competitive maker/taker fee of between 0.20% and 0.0% based on your 30-day trading volume.
Like all the other exchanges listed here, Kraken boasts of a smooth and straightforward onboarding process. Unlike other exchanges, however, note that Kraken has three verification tier levels. When your account is first approved, you will join the start level but with further KYC/AML verifications, you can unlock more trade limits with Intermediate and PRO levels.
Step 1: Open the official Kraken website and hit the “Get Started” button to begin the account registration process.
Step 2: Fill out the user registration form that pops up by entering such personal information as your name, email, and setting the account password. Hit the “Create Account” button to begin the registration process.
Step 3: You will receive a verification email. Open the link and follow the prompts to complete account registration and verify your identity.
Step 4: Log in to your approved Kraken account and on the user dashboard, click the “Funding” icon. Choose to deposit funds into the exchange using one of the provided payment options, enter the amount you wish to move into the account, and click on the “Deposit” button to initiate the transfer of funds.
Step 5: To buy Enjin instantly on Kraken, click the “Buy Crypto” tab on your user dashboard. On the trading tab, select Enjin coins as your preferred crypto asset and enter the amount of ENJ you wish to buy.
Step 6: Hit the “BUY” button to complete the purchase.
Note: The purchased Enjin coins will be deposited into the custodial Kraken exchange account. You however are free to move them to a third-party wallet or exchange.
In addition to buying Enjin on crypto exchanges and trading Enjin CFDs on crypto brokerages, there are multiple other ways of acquiring ENJ coins. We look at the three most popular below:
The popularity of Enjin coins has been building up, especially within the blockchain gaming community. The coin has also been widely adopted by the speculative investing and trading communities, primarily due to its accessibility and stellar past price performance. This popularity has made it possible for relatives and acquaintances to give each other ENJ coins.
You can also receive Enjin coins as a reward, especially when you participate in crypto staking and lending programs. These let you stake Enjin coins on lending platforms, they are lent out to other traders and investors who pay them back with interest. The DeFi lending platform will then share this interest reward with you.
The Enjin network is positioning itself as an industry-leading social gaming platform. Some of the key features on this platform are blockchain-based games that reward users with free ENJ coins when they participate in these games.
You now understand how Enjin works, where to buy Enjin coins, and are even familiar with non-trading ways of acquiring the altcoin. But what happens after you buy ENJ coins? What are the different ways through which you can put the altcoin to use? We look at the four most popular below:
You could simply hold the altcoins as speculative assets for the long term. This is one of the most common ways of using ENJ coins. But if you are to HODL large amounts of Enjin coins for the long term, it’s recommended that you keep them in an ultra-secure hardware wallet that keeps their private keys offline.
You could also choose to trade these Enjin coins. As we had observed earlier in this post, trading Enjin involves buying the altcoins when they are lowly priced and selling them when their value rises, and repeating this process multiple times.
You could also choose to give out your Enjin coins. You can either offer these altcoins as gifts to friends, relatives, and acquaintances or as a tip to online content creators. You may also consider helping different non-governmental and humanitarian organizations accomplish different missions by donating to charity. Given the soaring popularity of cryptocurrencies and blockchain technology, most charitable organizations across the world will readily welcome crypto donations.
You could also use Enjin coins to pay for goods and services in crypto-friendly stores, both online and offline. You may also propose to your friends, acquaintances, and even business clients to accept payments in the form of ENJ coins.
The majority of Quora platform users are both curious and optimistic about Enjin coin’s future. They are curious about the future of both the social gaming platform and that of its native tokens – the Enjin coins. Most of the questions raised about Enjin, therefore, center around the platform’s future potential and the expected future price action of ENJ coins.
A large section of the Quora community, for instance, wants to know what the future holds for the Enjin platform. They want to know the impact that such developments as the recent partnership with Samsung have on the immediate and future of the platform. They also want to know what ENJ will most likely be worth by the end of 2022, within the next 5 years, and over the longer term.
The responses are overwhelmingly optimistic about the future of both the altcoin and the crypto trading platform. The majority of Quora platform users believe that in-network developments and partnerships with both on- and off-chain brands will help boost Enjin’s credibility and appeal to investors. They are also confident that ENJ token prices will most likely sustain their current uptrend in the long run.
Just like on Quora, Redditors are as curious as they are optimistic about both the Enjin platform and ENJ coins. They too have asked a flurry of questions about the sustainability of the Enjin social gaming platform and the future price action of the ENJ coins. And most of these discussions take place in the fast-growing Enjin Reddit community.
Here, most of the discussions center around the in-network developments and upgrades taking place on the Enjin network. They also discuss the different blockchain-based games hosted on this social gaming network. Particular emphasis is paid to the impact of the in-network developments taking place on the Enjin network.
The altcoin’s price forecasts also dominate Enjin discussions on Reddit. A majority of investors and traders want to know what the future has in store for the ENJ coin, both over the short and long term. These queries have sparked heated discussions about ENJ’s price direction.
A convincing majority holding that Enjin Coin prices will continue rising, sparked by these in-network developments, a recovering crypto market, as well as the mainstream adoption of blockchain technology.
In the few years that Enjin has been around, it has proved to be a forerunner in the blockchain-based social gaming scene. The network’s fast-paced growth and its toke’s stellar past price performance have also endeared it to investors and traders. These, plus its easy accessibility have helped drive its market cap above $3.9 Billion and help it rank among the top 70 crypto assets.
As investor interest in the altcoin soars, we have helped you understand everything you need to know about crypto trading. We have also proven that investing in Enjin or trading Enjin CFDs doesn’t have to be complicated.
We have told you everything that you need to know before buying Enjin and the best exchanges and brokerages that list the altcoin. Importantly, we have provided you with a step-by-step guide on how to buy Enjin on all these exchanges and brokerages.
ENJ is a good investment for a number of reasons. First, it is one of the few coins that are backed by actual assets. Second, the team behind ENJ is experienced and has a strong track record. Lastly, ENJ is trading at a discount to its asset backing, which represents a good value proposition for investors.
It’s impossible to say for sure, but it’s likely that enjin coin will be worth a considerable amount by 2025. Enjin coin is a cutting-edge cryptocurrency that has a wide range of potential and its popularity is only going to continue to grow in the years ahead, so it’s likely that its value will increase as well.
It depends on what you hope to gain by selling enjin coin. If you’re looking for a short-term profit, then you may be better off waiting for the price to rise again. However, if you think the value of enjin coin will continue to grow in the long run, then selling now could be a wise decision. The thing to keep in mind is that cryptocurrency is still a relatively new and volatile market, so it’s impossible to say for certain whether prices will go up or down. So always do your own research before making any decisions!
The future of enjin coin will depend on a variety of factors, including the overall state of the cryptocurrency market and the success of enjin’s development team. However, there is certainly potential for enjin coin to become a leading player in the world of digital currencies.
Yes, ENJ can be mined. However, it is important to note that mining ENJ is not as straightforward as mining other cryptocurrencies. This is because ENJ is an ERC20 token, which means that it runs on the Ethereum network. As such, miners need to have specialized hardware in order to mine ENJ tokens.
As with any cryptocurrency, there are always risks associated with ENJ. However, many experts believe that ENJ is a safe investment, due to its strong community support and relatively stable price. Only you can decide if ENJ is right for you, but be sure to do your own research before investing in any cryptocurrency!
Yes, Enjin is built on the Ethereum network. Enjin is a decentralized platform that allows developers to create, manage, and distribute blockchain-based games and applications.
It is hard to say, as the ENJ price will be largely dependent on the overall crypto market conditions and the development of the Enjin Coin platform. However, given that ENJ is being used by some of the world’s largest gaming companies and that it has a solid team behind it, it is likely that ENJ will be worth more as 2022 progresses.
