How to buy Enjin (ENJ) from the USA

By   |   Verified by David Boyd   |   Updated 29th August 2022

  • Enjin was designed to facilitate transactions in games.
  • Used to mint NFTs such as in-game upgrades, addons, and limited edition collectibles.
  • Enjin's token, ENJ, has experienced strong growth in value since launch.

Get a step-by-step guide to buying Enjin for US-based investors and traders.

Where to buy Enjin

eToro Crypto

On website

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."

eToro Crypto

Highlights

  • Buy $100 worth of crypto and get a bonus of $10.
  • Trade and stake a range of crypto assets with low fees.
  • Copy successful traders. Practice with a demo account.
  • eToro is regulated by CySec, FCA and ASIC.

Pros

  • The user-friendly website and app make it easy to trade from anywhere.
  • Trade Bitcoin, Ethereum, and 60+ other crypto assets.
  • With its CopyTrader feature, you can replicate the moves of other investors.
  • Start trading with just $10.

Cons

  • There is a 1% fee that is added to the market price.
  • Other exchanges have more selections of crypto coins and tokens.
Crypto.com

On website

Crypto.com

Highlights

  • Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins.
  • Spend with the Crypto.com Visa Card and get up to 8% back.
  • Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.

Pros

  • Get access to additional features including lending, borrowing, debit cards, and more.
  • Start trading with just $1.
  • Interest-earning deposits are available.
  • There is a USD 2,000 referral bonus.

Cons

  • Lack of educational resources.
Gemini Exchange

On website

Gemini Exchange

Highlights

  • Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
  • Set recurring buys and dynamic price alerts.
  • All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.

Pros

  • Suitable for both beginner and advanced traders.
  • Supports multiple fiats and cryptocurrencies.
  • You can earn interest on your cryptocurrency balances.
  • Its mobile apps are highly rated.

Cons

  • The fee structure can be expensive for both small trades and higher volume trades.
Coinbase

On website

Finty may be compensated when you click on the link.

Highlights

  • Get $5 in Bitcoin after your first trade on Coinbase.
  • Buy and sell popular digital currencies, keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Maintains crypto-insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000.

Pros

  • Get access to a wide variety of altcoins.
  • Start trading with as little as $2.
  • Offers Coinbase card which allows you to spend crypto anywhere.

Cons

  • Fees are higher compared to other exchanges.
KuCoin

On website

KuCoin

Highlights

  • Safe and rapid way to trade crypto.
  • Multiple order types for all kinds of risk appetite.
  • Sign up and get a welcome gift.

Pros

  • Invest or trade 700+ coins.
  • Low trading and withdrawal fees.
  • Get 24/7 customer service from KuCoin.
  • Has over 20 million users worldwide.

Cons

  • Not suitable for beginners.

Step 1: Pick an exchange where Enjin is listed

Since it is an established projected with real-world application and adoption, a growing number of exchanges have listed Enjin.

When comparing exchanges to buy Enjin, consider features other than the breadth of choice. Security features (2FA, account recovery, etc.), fees to deposit and withdraw, spreads, etc. all come into play. For more advanced investors, features such as the ability to stake, trade on margin, speculate on futures, and buy NFTs are important considerations.

Step 2: Sign up and get verified

After you've decided on the best place to buy Enjin, you'll need to sign up for an account and then verify your identity.

Information that's typically required includes your complete name, date of birth, as well as your street address. While some exchanges do not require ID checks, most do because of their duty to oblige by regulation where you live. Therefore, it's quite likely that you will be asked to prove your identity with a copy of your driver's license or passport, or any other government-issued ID.

Step 3: Fund your account

You can fund your account in a number of ways. If you already hold crypto assets elsewhere, you can send those to your exchange wallet and trade them for Enjin.

For most people, the easiest option is to transfer fiat currency (USD) from your bank account or credit / debit card. Some exchanges also support transfers via PayPal, Payoneer, Venmo and others. It could take a few days before funds are deposited and cleared into your account by the exchange, especially for new accounts. A minimum deposit might be required to open an account.

Step 4: Set a budget

How much Enjin do you want to buy? Choose the amount you want to invest in Enjin and stick to it. The price of altcoins such as Enjin — and crypto in general — can be quite volatile, so it is recommended to only invest what you are comfortable with potentially losing.

Step 5: Buy Enjin

The easiest type of order is the market order, i.e. purchase Enjin at the current market price. Many exchanges have more complex order configuration, providing you with the option of putting together an order to execute only when certain conditions are met.

Recurring orders are also available at most exchanges, giving you a way to automatically buy more Enjin on a regular basis so you can get the benefit of dollar cost averaging.

Where to store your Enjin

The most convenient place to keep your Enjin — especially if you want to trade the market quickly — is in the hot wallet at the exchange where you bought them. It's easy to transfer them out to a wallet you control at a different exchange or to a hardware wallet at a later date. Hot wallets are less secure than hardware wallets, which are physically disconnected from the internet and protected by a unique key.