Enjin Coin (ENJ): How to buy, sell & trade | finder.com.au

How to buy Enjin Coin

A beginner’s guide to gaming cryptocurrency Enjin Coin (ENJ) and how to buy ENJ in Australia.

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Enjin is a website content management system for the gaming community, allowing gamers to create Minecraft, Guild, Clan and fan-based websites for free. It's one of the largest social gaming platform in the world, used by more than 19 million gamers and hosting more than 250,000 communities.

Enjin Coin (ENJ) is a token on the Ethereum blockchain designed to provide a customizable cryptocurrency and virtual goods platform for gaming. These tokens can be used to buy and trade virtual goods and digital assets on the Enjin platform, as well as perform a range of actions. Let's take a closer look at how these tokens work and how you can buy ENJ in the US.

  • Supply. According to CoinMarketCap, the circulating supply of ENJ at the time of writing was 823,130,411 out of a total supply of 1,000,000,000 ENJ.
  • Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

    Quick guide: How to buy ENJ

    1. Register for an account with a cryptocurrency exchange like CoinSpot.
    2. Enable 2-factor authentication.
    3. Verify your account.
    4. Click “Deposit AUD”.
    5. Transfer funds into your account.
    6. Click “Buy/Sell” at the top of the screen.
    7. Search for the cryptocurrency you want and click “Buy”.
    8. Enter the amount you want to buy, or the amount of AUD you want to spend.
    9. Review the transaction details.
    10. Click “Buy”.
    Go to CoinSpot's site

    This is our quick guide to just one way to buy ENJ. Compare some other options in the table below.

    Where to buy, sell and trade ENJ

    ENJ is currently available on a number of cryptocurrency exchanges, including:

    Name Product Deposit methods Fiat Currencies Cryptocurrencies
    Swyftx Cryptocurrency Exchange
    Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID


    Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
    CoinSpot Cryptocurrency Exchange
    Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID


    CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 250 cryptos.
    Binance Cryptocurrency Exchange Australia
    Credit card, Cryptocurrency, Debit card, Osko, PayID
    USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more


    Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
    Digital Surge Cryptocurrency Exchange
    Bank transfer, Cryptocurrency, POLi, Osko, PayID


    Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
    An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
    Cointree Cryptocurrency Exchange
    Cash, Cryptocurrency, POLi, PayID, Online banking


    Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
    Buy 130+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
    Easy Crypto Cryptocurrency Exchange
    Bank transfer, Cryptocurrency, POLi


    Easy Crypto is a simple way to buy and sell a range of cryptocurrencies, straight to and from your own crypto wallet.
    Crypto.com App
    Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
    USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more


    Finder Exclusive: Get 0% fees on credit/debit card purchases for 30 days after signup.
    Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
    Bittrex Global
    Bank transfer, Credit card, Cryptocurrency, Debit card


    Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
    Bitfinex Professional Trading Exchange
    Credit card, Cryptocurrency, Bank Wire


    Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
    Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
    CoinSwitch Cryptocurrency Exchange
    Credit card


    CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
    KuCoin Cryptocurrency Exchange
    Cryptocurrency, Interac e-Transfer, PayPal, Wire transfer, Credit or Debit Card
    USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more


    Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
    Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
    HitBTC Multi-currency Exchange
    HitBTC Multi-currency Exchange
    Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA
    USD, EUR


    Buy crypto with fiat (USD/EUR) and trade over 150 other digital assets on this Europe-based exchange platform.
    Zipmex Cryptocurrency Exchange
    Bank transfer, Cryptocurrency


    Buy, sell and trade BTC, LTC, ETH, XRP, BCH, USDT, OMG, MKR & 5+ more on this Singapore-based exchange.
    Liquid Cryptocurrency Exchange & Margin Trading
    Bank transfer, Cryptocurrency, SWIFT, Credit or Debit Card, SEPA


    Disclaimer: Highly volatile investment product. Your capital is at risk.
    Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
    Bithumb Cryptocurrency Exchange


    A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
    OKEx Cryptocurrency Exchange
    Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
    USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more


    Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
    IDEX Cryptocurrency Exchange


    A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.

    Compare up to 4 providers

    How to buy ENJ: A step-by-step guide

    If you want to buy ENJ, you can do so in three simple steps:

    Step 1. Create an account on a cryptocurrency exchange that allows you to buy ENJ

    The first thing you’ll need to do is search for a cryptocurrency exchange that lists ENJ in currency pairings. We've provided a list of some options above. Next, sign up for a free account by providing an email address and password, keeping in mind that some exchanges will also require additional contact details and photo ID before allowing you to deposit any funds.

    Enabling two-factor authentication on your account is also recommended as a security measure.

    Step 2. Deposit funds

    It’s not currently possible to directly exchange Australian dollars for ENJ. As a result, you’ll first need to either own or buy a cryptocurrency which is listed in a pairing with ENJ, such as bitcoin (BTC) or Ethereum (ETH), and then exchange it for ENJ.

    To deposit funds, login to your account and click on the “Deposit” link. You can then generate a wallet address and transfer your desired amount from the exchange or wallet where you're holding a compatible cryptocurrency.

    Step 3. Buy ENJ

    Once the funds are deposited, search for the cryptocurrency pair you want to exchange, such as ETH/ENJ, and click on “Buy ENJ”. It’s then a matter of selecting either a market or limit order and specifying the number of coins you want to buy.

    Before finalising your purchase, make sure you review all the important details, including the amount of ENJ you’re buying and the total cost of the transaction.

    How to sell ENJ

    If you want to sell your Enjin Coins, you’ll need to search for the “Sell ENJ” link in your crypto exchange account and follow a similar process to that outlined in Step 3. However, as exchanges don’t offer every available currency pairing, it may not be possible to directly exchange ENJ for the currency you want.

    Which wallets can I use to hold ENJ?

    For security reasons, storing your cryptocurrency funds on an exchange is not recommended. Instead, make sure you hold your cryptocurrencies in a secure wallet.

    ENJ is an ERC20 token on the Ethereum network. The Enjin Digital Smart Wallet is available for Android and iOS devices. It supports ENJ, BTC, ETH, LTC and all ERC20 tokens by default. Support for other altcoins will be added in the future.

    Other ERC20-compatible wallets include:

    How Enjin Coin works

    Enjin Coin is a token on the Ethereum blockchain designed to be used across a wide range of different websites and online games. It aims to become a common currency for use by the online gaming community, allowing for virtual goods and digital assets to be securely transferred.

    According to the Enjin Coin white paper, ENJ is “a cryptocurrency (ERC20 Token) and smart contract platform that gives game developers, content creators and gaming communities the required crypto-backed value and tools for implementing and managing virtual goods”.

    It can be used to:

    • Mint unique in-game items, currencies and virtual tokens using ENJ as the parent currency. These newly-created assets can be converted back into ENJ anytime.
    • Trade in-game items.
    • Trade assets from game to game, community to community.
    • Setup a virtual goods store that accepts ENJ and all custom coins.
    • Provide trust and security for all goods minted using ENJ.

    Enjin Coin’s pre-sale was held in August and September 2017 and raised US$12 million, while the public crowdsale took place in October 2017 and raised a further US$23 million.

    What to consider before you buy ENJ

    Buying any type of cryptocurrency is risky and speculative, and there are many complicated factors that can affect the value of these digital currencies. With this in mind, make sure you consider all the risks associated with any cryptocurrency before buying.

    If you’re thinking of purchasing ENJ, remember to consider the following first:

    • Supply. According to CoinMarketCap, the circulating supply of ENJ at the time of writing was 823,130,411 out of a total supply of 1,000,000,000 ENJ.
    • Established platform. Enjin Coin already has access to the Enjin community, and the Enjin site is used by 19 million highly engaged gamers worldwide. This means there’s already a substantial potential market that the coin may be able to tap into.
    • Users ready and waiting. At the time of writing, there are currently almost 1.5 million gamers ready to adopt and use ENJ. A list of gaming communities that have registered to use ENJ is available from the Enjin Coin website.
    • Community coin distribution. Six months after the Enjin Coin crowdsale and the deployment of the wallet and core ENJ features, coins will be released to approximately 30,000 verified gaming communities on Enjin. The number of coins each community receives will be determined according to factors such as their previous store volume sales, member count, audience visits and website activity metrics.
    • Other initiatives. Enjin Coin will also have several other initiatives to encourage adoption of ENJ, including an Early Adoption Bounty Program for games, servers and communities, as well as partnerships with game developers and servers to offer bundles, in-game tournament prizes and subscription bonuses.
    • Potential for growth. The gaming industry is booming at the moment, with annual worldwide revenue slated to surpass $138 billion by the end 2021. If Enjin Coin could achieve widespread adoption as the cryptocurrency of choice for the gaming community, there would be plenty of potential for growth in value.
    • Market competition. Enjin Coin isn’t the only cryptocurrency designed with the online gaming community in mind, so consider the impact that competition from GameCredits (GAME), Skincoin (SKIN) and others.
    • Roadmap. If you want to know of any upcoming Enjin Coin developments that could affect the value of ENJ, check out the detailed roadmap on the Enjin Coin website.
    Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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