Where to Buy Enjin Coin – Beginner’s Guide

Looking to buy Enjin coin? Using an online broker or exchange, you can invest in ENJ and get in on the NFT buzz. Developers use $1.6bn market cap Enjin coin to mint NFTs for their blockchain games and metaverses.

The question is: where is the best place to buy Enjin? Below we review one top broker and three crypto exchanges where you get your hands on Enjin for low fees with a premium and trustworthy beginner-friendly experience.

Crypto assets are a highly volatile unregulated investment product.

Where to Buy Enjin Coin

How to invest in Enjin in a way that suits you depends on your level of experience. If you are adventurous, we recommend you try out the exchanges Crypto.com, Coinbase and Binance. These exchanges are geared towards beginners, but the range of options can be intimidating. If you are a crypto newbie, we highly recommend the simple and friendly service offered by top broker eToro.

1. eToro – Best Broker to Buy Enjin Coin with Low Fees

With top broker eToro, you can buy as little as $10 of Enjin coin. You get charged 1% on the purchase and 1% when you come to sell it. You will not need to get a crypto wallet to store your ENJ — eToro will store it for you until you want to sell. 328,000 eToro investors follow the Enjin price.

eToro is a veteran provider. And since its launch in 2006, the broker has attracted 23m+ investors looking to get involved in crypto as well as conventional stocks, indices, commodities and ETFs.

Two things make eToro stand out as a crypto provider.

Firstly, eToro is heavily-regulated. The broker boasts regulation by FINRA and SIPC in the US, and is registered as a Money Services Business with FinCEN. In the UK, regulation is provided by the FCA; in Australia, ASIC; in Cyprus, CySEC.

Regulation cannot stop investors losing money if markets go the wrong way. But, for crypto newbies in particular, heavy regulation gives the reassurance that you are dealing with a business that does things by the book. Secondly, eToro is at the forefront of what is called ‘social trading’. Social trading means breaking down the barriers between individual investors and allowing people to work together.

With eToro, that means more than just a friendly vibe on the chat feeds where you can get new ideas and expert opinions. eToro provides two free social trading services in-house: CopyTrader and Smart Portfolios.

Both are designed to give the crypto newbie an edge on the markets, as well as ensure that nobody feels entirely alone and confused. With eToro CopyTrader, you can choose from over 600 fellow crypto investors and copy their trades, in real-time, for free.

You can review traders by their risk rating and, best of all, by the performance of their portfolio over the last 12 months. Then you decide how much money you want to allocate with them, and the software will trade with it in line with your copied trader’s decisions. You can stop CopyTrading at any time.

Alongside CopyTrader, eToro provides 8 crypto Smart Portfolios. These are strategic crypto positions that you can buy into with a minimum investment usually of $1,000. Each portfolio has a different take on the crypto sector. The DeFi portfolio, for example, invests in a spread of 10+ DeFi coins and returned 56% in the last 12 months. The Napoleon X uses AI learning to trade 5 major cryptos and returned 96% in the last 12 months.

Perhaps you just want to buy Enjin coin? Fine. But if you want to manage your risk by diversifying your crypto portfolio, Smart Portfolios might be the answer. Or you can just browse eToro’s growing suite of 60+ cryptos.

The major blockchains are covered (including Bitcoin, Ethereum, Cardano and Solana), DeFi coins (like Algorand and Aave), metaverse and gaming coins (like Decentraland and Axis Infinity Shards), popular meme coins like Dogecoin and Shiba Inu and even the hot new NFT coin, ApeCoin.

With eToro’s free watchlist function, you can flag up crypto (as well as conventional stocks) that you want to keep an eye on and never lose track of what their price is doing: helpful!

eToro has a smartphone crypto app which you can download from Google Play / the App Store to trade crypto on the move. Also downloadable is the eToro Money crypto wallet. This is a rare beast in the crypto wallet world, as it is fully-regulated (by the Gibraltar Financial Services Commission). It allows you to hold your digital assets in one place and send and receive major crypto around the web.

Crypto assets are a highly volatile unregulated investment product.

2. Crypto.com – Reputable Crypto Exchange with Beginner-Friendly Mobile App

Unlike broker eToro, Crypto.com is an online exchange that specialises in crypto only. The exchange boasts 10m users and is ranked by CoinMarketCap as the tenth-biggest crypto exchange in the world. You may have heard of Crypto.com because it advertised on TV using actor Matt Damon during the 2021 SuperBowl final.

You can buy Enjin direct via credit card with Crypto.com, or invest with fiat currency via your account. 250+ crypto coins are available in all.

When it comes to trading power, Crypto.com offers some advanced options like margin and derivatives trading; neither are suitable for beginners, so newbies stay clear! Crypto.com’s crypto financing options, on the other hand, are a little more accessible.

Crypto financing means using your own crypto to earn interest or to take out loans. Crypto.com offers regular crypto staking with up to 14.5% APY (Annual Percentage Yield), ‘Supercharger’ crypto staking with higher yields, and the Crypto.com Visa card which you can use to spend your crypto in the real-world as well as get up to 8% back on purchases. You can also get a crypto loan charged at 8% p.a. interest if you use your existing crypto as collateral.

Crypto assets are a highly volatile unregulated investment product. 

3. Coinbase – Popular US Cryptocurrency Exchange with Great Security

Based in San Francisco, Coinbase is ranked as the second-biggest crypto exchange by CoinMarketCap.com and boasts 73m users. It is regulated in all US states where it does business. Coinbase made a name for itself by being the first exchange to go public on the NASDAQ in 2021 — you can buy Coinbase stock with broker eToro under the ticker COIN.

Coinbase has a great reputation for security, with 98% of client crypto held in ‘cold’ storage ie. offline where hackers cannot get to it. Coinbase also hosts one of the largest registers of all crypto: even though you cannot buy all the coins listed, browsing through is a great way for beginners to get acquainted with the crypto world.

You can buy Enjin coin with Coinbase direct with credit card or with fiat currency deposited in your account. You can also use PayPal, Apple Pay and Google Pay. Where this exchange has come in for criticism is in its complex fee structure, which uses a mixture of flat fees and commission. Coinbase said in 2021 that a new fee system was being considered; let’s hope it wipes out the 3.99% fee on credit card purchases!

(If you want to buy Enjin coin with credit card, we suggest you get an eToro account, charge your account for free with credit card and buy ENJ normally: it is not instant buy, but it is a lot cheaper than credit card instant buy as offered by most exchanges).

Like most of its rivals, Coinbase offers a free smartphone app and crypto wallet. The exchange is particularly good when it comes to incentives; you can earn crypto simply by completing online learning modules (if it does not remind you too much of your schooldays …).

Crypto assets are a highly volatile unregulated investment product.

4. Binance – Giant Exchange to Buy Enjin Coin 

Binance is the biggest exchange there is. It claims to do roughly $80bn of crypto business every 24hrs, with 90 million registered users and 600+ crypto users listed.

You can buy Enjin coin with Binance in a bewildering variety of methods. US customers cannot buy ENJ direct with credit card, but you can fund your account with credit card and then buy ENJ, either direct or by trading pairs on the main exchange. Alternatively, you might track down a third-party offering Enjin coin on Binances P2P trading system.

Like Crypto.com, Binance offers a powerful range of crypto financing options, including crypto staking, crypto interest accounts and liquidity pools. These are all ways you can earn money on what crypto you already own. If you want to save money when trading on the open exchange, get some in-house crypto BNB as this gives you 25% off the already low trading fees of 0.1%.

Overall, Binance offers perhaps the most wide-ranging crypto service on the planet. But, for the beginner, it can be overwhelming. To make things simpler for you, be sure to select ‘classic’ view on the desktop interface and ‘Binance Lite’ on the smartphone version. Like its competitors, Binance offers a free crypto wallet called the Trust wallet, as well as the free Binance Smart Chain wallet. As with everything Binance, even the wallets come in multiple options!

Crypto assets are a highly volatile unregulated investment product.

What is Enjin?

Enjin coin is an ERC-20 token promoted by a company called Enjin. Enjin has a series of gaming metaverses. The Enjin coin is provided for developers to use in minting in-game NFTs (Non-Fungible Tokens). NFTs are used in blockchain games and metaverses as tradable items. The idea of Enjin coin is that every NFT minted with it actually contains Enjin coin. The NFT can be ‘melted’ back into Enjin. The Enjin coin therefore acts like a gold standard for NFTs.

According to data specialists CoinMarketCap, roughly $150m of ENJ is traded every day. The coin currently has a total market capitalisation of $1.4bn.

Is Enjin a Good Investment?

Good Tokenomics

The Enjin coin has a limited supply of 1 billion (ie. 1,000,000,000). 93% of Enjin coins have already been minted. This leaves just 7% of Enjin stock waiting to come to market. The limited supply of Enjin makes for good tokenomics. With a cap on how much ENJ can be created, the value of ENJ cannot decrease due to over-supply — which is what happens with fiat currencies, for example, when government treasuries decide to print more money. Most crypto has a limited supply like this, but some (like Dogecoin, for example) do not.

Gold Standard for NFT Creation

Enjin is by no means the only way developers can mint NFTs. But according to its producers it acts as a gold standard for over a billion assets (1,142,661,953 to be precise). In other words, this is a serious coin in widespread usage in the crypto and NFT ecosystem.

Buy the Dip

The price of Enjin coin has fallen by 62.27% since its all-time-high of $4.85 in late November, 2021. That is bad news for investors holding Enkin. But, if you are a crypto newbie, this is great news: buy the dip! Since mid-March 2022, the price of Enjin coin appears to have found a level and started to rise again. Sure, the price could take a further tumble. But on Enjin’s side is that it is an established crypto with a real function in the crypto world; this could stand it in good stead above other crypto if the sector launches into another boom period.

Join 165,253 Enjin holders

Currently 165,253 crypto wallets hold Enjin coin. The top wallet holds upwards of $187m in ENJ. With giant sums of money like this invested in ENJ, other investors can be reassured that ENJ is a serious investment prospect.

Get in on the NFT Buzz

Enjin is a crypto that is specific to the booming market in NFTs. The NFT sector was worth around $10m at the end of 2020; by the end of 2021, it was worth $25bn. Some analysts judge that NFTs have passed their point at which they can be thought of as just a speculative bubble that could burst at any moment. Brands need a digital presence and digital products, and NFTs provide that.

Enjin Price

Just last year, Enjin reached an all-time-high of $4.6858 on 25th November 2021. Today its price stands at $1.6278. Like the rest of the crypto sector, the price of Enjin has been hard hit by fears over global inflation followed by the impact of the Ukranian crisis. Institutional investors were moving their money out of crypto into safer assets, and this has lead to price falls across the board in the crypto sector.

Enjin Price Prediction

Since mid-March 2022, the ENJ price has stabilised and begun to rise gradually. Technical chartists would call this a ‘teacup’ pattern ie. the shape of the price chart matches the gentle curve of the bottom of a teacup; this is generally considered to be an encouraging sign.

The Enjin price over the medium to long term depends broadly on a) the health of the entire crypto sector and b) the health of the NFT sector, since ENJ is used to mint NFTs.

NFTs had a breakthrough year in 2021, with sales hitting £25bn (according to leading analysts DappRadar). And top US investment bank JP Morgan Chase says, ‘the NFT universe is surely set to continue to grow strongly over the coming years.’ NFTs are central to digital metaverses as well as play-to-earn games. They are increasingly expected from a brand as part of their digital presence.

The Enjin price is unlikely to see its all-time-high of approaching $5 any time soon. But a target price of $2.5 per ENJ by the end of the year would not be unreasonable.

Enjin Crypto Video Analysis

Ways of Buying Enjin

Buying Enjin with PayPal

How to buy Enjin coin with PayPal? With exchange Coinbase you can use Paypal to buy crypto. But you cannot do so currently with Crypto.com, Binance or even eToro. Ever since PayPal began to allow users to buy crypto direct from inside their PayPal account, the payment wallet has dropped in popularity with crypto brokers and exchanges. US users can, though, top up their Crypto.com credit card with PayPal.

Buy Enjin with Credit Card or Debit Card

Exchanges Crypto.com and Coinbase allow you to buy Enjin with credit card or debit card. You cannot currently buy ENJ with credit card direct at Binance from the US.

If you want to avoid card fees, you might consider getting an account with broker eToro: you can charge your eToro account at no charge using credit card (other than a currency conversion fee, if it applies).

Best Enjin Wallet

Having read through our reviews above, you might still be asking yourself: Where can I buy Enjin coin? Well, here is one thing for certain. You do not need to sign up with a crypto wallet to buy Enjin coin. With top broker eToro, for example, you can buy as little as $10 of Enjin and eToro will look after it for you. The same is true for exchanges Crypto.com, Coinbase and Binance.

You would need a crypto wallet if you want to send your Enjin coin to another address on the blockchain. If you are looking to buy Enjin as an investment, you will not need to do this.

Our recommendation for crypto wallet is the eToro Money crypto wallet. This focuses on the key blockchains: Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar and Tron. It comes with an unloseable private key and, best of all, is regulated (by the Gibraltar Financial Services Commission).

How to Buy Enjin Coin – Tutorial

1. Choose a Broker or Exchange

Where to buy Enjin coin? It depends on what you want. Crypto newbies should try out broker eToro for a buying experience that is specifically aimed at beginners (whilst offering plenty for more advanced traders to get stuck into). What is true for beginners and advanced traders alike is that the eToro sign-up process is straightforward.

2. Sign up with eToro

Go to eToro.com. Supply some personal details, or sign in with Facebook or Google.

3. Verify your ID with eToro

KYC regulations keep everybody safe. KYC stands for Know Your Customer. A regulated broker like eToro will insist on verifying your ID; and, though investors generally want to get straight on with buying crypto, this verification step means everything is done by the book.

Use a passport for quickest verification. Once verified, you will be notified by eToro via email.

4. Deposit Funds with eToro

You can deposit up to 15 types of fiat currency with eToro. A currency conversion fee applies to all of them apart from USD, so that is good news for US investors! Depending on which country you live in, you can invest with bank transfer, credit/debit card or a range of e-payment wallets.

5. Buy Enjin Coin with eToro in Seconds

First, find Enjin on eToro. Simply enter ‘Enjin’ in the top toolbar.

Click on the logo to check out Enjin’s homepage. Here you will find stats and powerful charting options. When you are ready to begin your trade, press the blue ‘Trade’ button. This brings up a simple buying dialogue box.

Simply enter how much funds you want to spend on Enjin and press ‘Open Trade.’ You will receive onscreen notification (usually immediately) that you trade has gone through. You can then review your Enjin purchase in your eToro portfolio.

Crypto assets are a highly volatile unregulated investment product. 

How to Sell Enjin

Rest assured: eToro will buy your Enjin from you whenever you like. To sell, go to your eToro portfolio. Find the Enjin entry, and press the red cross to the far right. This will bring up a box where you can decide how much of your Enjin to sell. Your sale will go through immediately, barring exceptional circumstances. Your eToro balance will be credited with the proceeds.

Conclusion

How to buy Enjin coin safely with low fees? With our four reviews above, we hope to have given you some starting points. Now you can start checking out some vendors yourself.

Where to buy Enjin coin depends on your level of crypto experience. Investors who have successfully navigated a few crypto trades might want to look at the big exchanges and explore the powerful trading and financing options on offer.

If you are a crypto newbie and you just want to buy Enjin coin, we recommend broker eToro. With its emphasis on social trading, this broker gives the newcomer plenty of support and the eToro interface is really simple and easy to use. With top security and heavy regulation, eToro is a great place to invest in ENJ or any other crypto.

Cryptoassets are a highly volatile unregulated investment product. 

Frequently Asked Questions on Enjin Coin