How to Buy Enjin (ENJ) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Enjin, and is trustworthy!

You can find our top 3 exchanges for buying Enjin here, alternatively you can also check our comparison of the best crypto trading platforms in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Enjin

And of course, the final step is to find Enjin on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Enjin (ENJ)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Enjin

  1. Sign into the exchange
  2. Find where you stored your Enjin, either on a hardware wallet or on the exchange.
  3. Transfer your Enjin to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Enjin.
Businessman looking at crypto trend

Considerations when looking to buy Enjin.

Enjin is a company that offers a network of interconnected, Blockchain-based gaming products. Enjin Network is Enjin's most popular offering. It allows users to create websites, clans, chat and host virtual items stores.

Enjin lets game developers tokenize in-game items using the Ethereum Blockchain. To back digital assets, it uses Enjin coin, an token. Items can then be sold, bought, and traded with real world value.

Enjin Coin was the first to be announced in Juli 2017, and it launched on Ethereum mainnet in May 2018.

Enjin Coin (ENJ), a digital store-of-value, is used to support the value of blockchain assets such as non-fungible tokens. Enjin Coin (ENJ) is a minting resource that can be locked in NFTs to prevent it from being removed from circulation. Every asset created with the Enjin Platform includes ENJ. Creators and users can enjoy a number of benefits when minting blockchain assets using ENJ.

  1. They are infused with a reserve value
  2. Their transparency and scarcity are guaranteed
  3. They can be given liquidity
  4. Apps and games can use this utility
  5. Anti-inflationary
  6. Enjin's "melting” functionality allows users to instantly destroy their blockchain assets and retrieve the ENJ value.

Enjin's blockchain ecosystem is designed to make it simple for anyone to create, trade, monetize and market software with blockchain.

Enjin was founded in 2009 and its roots are in the gaming industry. The company's initial product, the Enjin Network, was a gaming community platform. It grew to 20 million users in a decade.

Enjin was established as a leader in blockchain ecosystem development after an ICO. It developed a suite software products that allow anyone to manage, trade, distribute and integrate blockchain assets.

Witek Radomski, Enjin's cofounder, wrote the code to create one of the first non-fungible tokens ever (NFTs). He is also co-author of ERC-1155 Ethereum token standards.

The Enjin ecosystem is built on top of an existing on-chain infrastructure. It allows game developers and businesses of any size to use tokenized digital asset as part of their acquisition and retention strategies, and monetization strategies. Enjin Coin (ENJ), which is a cryptocurrency that backs the value of blockchain assets, powers the Enjin ecosystem.