Enjin Coin (ENJ) is the 169th largest cryptocurrency by market cap, valued at US$438,995,431.
Enjin Coin is a highly volatile asset capable of major price swings in a single day. Today ENJ is trading for $0.30273 USD, which is lower than yesterday's trading price of $0.320594894 USD. Over the past year, Enjin Coin's price has seen a decrease of -20%.
So before you buy Enjin Coin, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Enjin Coin.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Enjin Coin in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy Enjin Coin is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Enjin Coin
You can now exchange your funds for Enjin Coin. On beginner-friendly exchanges, this is as simple as entering the AUD or ENJ amount you want to purchase and clicking "buy".
Secure your Enjin Coin
Consider transferring your ENJ to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy Enjin Coin in
Australia
Find an exchange to buy, sell and trade ENJ by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Enjin Coin guide up-to-date
ENJ price data is regularly updated through data feeds so you always have the latest information.
What is Enjin Coin?
Enjin, the company behind ENJ coin has been around since 2009. They began as a gaming company, but quickly recognised the opportunity to build their own token ecosystem after the launch of Ethereum in 2014. ENJ has been around since 2017, but its actually one of the tokens that survived the 2017 ICO bubble. With many global partnerships and support from mutliple blockchain eosystems, Enjin and their coin ENJ are both entities within the cryptocurrency world you may want to keep tabs on.
How do I find the best places to buy Enjin Coin?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Enjin Coin?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Enjin Coin.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing ENJ with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Enjin Coin?
Once you've created an account, you will need to deposit funds to buy ENJ with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy ENJ:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase ENJ by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for ENJ on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Enjin Coin?
The easiest way to buy ENJ is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying ENJ, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Enjin Coin has been performing recently.
Best Enjin Coin wallets to store your ENJ
You can keep your ENJ on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ENJ below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Enjin Coin a good investment?
The company and team behind Enjin is a pioneer in the NFT space. They're the architects of the ERC1155 standard which has gone on to be used by dozens of popular NFT projects. It is clear that thought, effort, and time went into the creation of Enjin as a project and ENJ as a coin.
When considering ENJ as an investment, be sure to familarise yourself with the Enjin ecosystem. That is, the EnjinX marketplace, as well as the official Enjin wallet.
Today's Enjin Coin price versus ATH
Compare today's price of Enjin Coin ($0.30273 USD) against its all-time-high price of $4.82 USD on 25 November 2021. The closer the bar is to 100%, the closer ENJ is to reaching its ATH again.
Enjin Coin's price: $0.30273 USD ATH date: November 25, 2021
6.28%
Enjin Coin ATH: $4.82 USD
How to trade, convert or sell Enjin Coin
You can convert or sell your ENJ with the same exchange you bought it through:
Sign in to the exchange you have ENJ on.
If you store your Enjin Coin in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of ENJ you'd like to convert or sell.
Confirm the sell price and fees and close your sale of Enjin Coin.
Complete your transaction and move your ENJ to a crypto wallet for storage.
Disclaimer: Cryptocurrencies, including Enjin Coin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ENJ is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Enjin Coin or any other cryptocurrency discussed.
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