Enjin Coin (ENJ) is a cryptocurrency built for the gaming and digital collectibles ecosystem. Whether you’re interested in supporting blockchain-based gaming projects or simply adding ENJ to your crypto portfolio, buying Enjin Coin is straightforward. In this guide, we’ll walk you through how to buy Enjin Coin, step-by-step.
KEY TAKEAWAYS
➤ Enjin Coin (ENJ) powers a blockchain ecosystem for NFTs, gaming, and digital collectibles.
➤ You can buy ENJ easily on major exchanges by creating an account, using a card or bank account, and creating an order to buy ENJ.
➤ ENJ is a utility and governance token that is used in the Enjin ecosystem to mint NFTs, locking tokens into assets and creating deflationary pressure.
➤ Enjin migrated from Ethereum to its own Enjin blockchain, along with its NFTs, products, and services, for enhanced speed and scalability.
How to buy Enjin Coin (ENJ)
Buying Enjin Coin in 2025 is simple. Briefly, you must.
1. Create an account on an exchange.
2. Add a payment method.
3. Buy Enjin Coin (ENJ).
Now let’s take a closer look at each step.
Before you can buy ENJ, you will need to select an exchange. For this guide, we will use Kraken, a U.S.-based exchange and one of the oldest and largest global crypto exchanges. However, you can follow along with whatever exchange you like, as most exchanges have a similar process for buying crypto assets.
Step 1: Create an account
1. Navigate to the website: Once you select an exchange, you must sign up for an account. Go to the Kraken website (or your preferred exchange) and click Sign up.
2. Select an account type: After being sent to the following screen, select Personal or Business. Enter the required information and click Create Account.
3. Enter the code: Finally, input the activation code you received via email. After this step, you will have an official account on Kraken (or another exchange).
Step 2: Add a payment method
1. Download the app: Add a payment method before buying ENJ. This can be accomplished on the website or the app. This guide will proceed using the mobile app. Download the Kraken app from your phone’s mobile store.
2. Open the app: After downloading the mobile app, open it and take a moment to look around. Then, look in the top left corner for your initials to open the side menu.
3. Select payment methods: Scroll down the options until you reach Settings. Press Payment Methods to begin the next phase.
4. Add a new payment method: You will see your payment methods on the following screen. In the example below, you can see the USD balance, already added cards, and other payment methods, such as Google Pay. Select Add new to continue.
5. Enter your information: In the next phase, you will have two options: add a bank account or a card. If you add a bank account, you will be prompted for your personal information through Plaid. This will require your bank account’s username and password. For cards, you need only to enter your card information. After this, you will have successfully added a payment method.
Step 3: Buy Enjin Coin (ENJ)
1. Open the app: Once again, open the application to the home screen. This time, you will go to the Explore tab at the bottom of the screen, which has a magnifying glass as an icon.
2. Search for Enjin Coin: The Explore tab will open the search bar. Type in Enjin Coin in the search bar and select the token.
3. Select the buy button: On the following page, you will see a price, a chart, and a token description. Navigate to the bottom of the page and select Buy.
4. Select the amount: On the following screen, you must select an amount of ENJ to buy. There are preset amounts that you can choose from. In the top right corner, you can specify whether you want to buy instantly (market order) or set a target price (limit order). After you decide your order type, press the arrow in the purple square to continue to the next step.
5. Review your order: Look over your order details to ensure all the information is correct. Once you have verified the details, press Confirm to buy Enjin Coin.
What is Enjin Coin (ENJ)?
Enjin Coin (ENJ) is a cryptocurrency governance and utility token that powers the Enjin blockchain and the Enjin ecosystem’s products and services. The Enjin platform supports blockchain-based gaming and digital collectibles and allows developers to create, manage, and integrate non-fungible tokens into:
- Games
- Applications
- Virtual worlds (e.g., the metaverse)
At its core, ENJ provides backing for NFTs. Developers mint in-game items or digital collectibles using Enjin’s tools, and a certain amount of ENJ backs each item.
Developers purchase ENJ, then use Enjin’s tools and SDKs to mint NFTs by locking ENJ into the item. This process ensures each NFT is inherently valuable, as it can always be “melted” (destroyed) to reclaim the ENJ used to create it.
Enjin Coin originally launched in 2017 as an ERC-20 token on Ethereum. Between late 2023 and 2024, the platform moved both its token and NFT ecosystem off Ethereum and onto the Enjin Blockchain. This migration is considered one of the largest and most complex that has occurred in the blockchain space.
Enjin Coin has a total supply of 1.8 billion ENJ tokens, which have already been minted. Since its inception, it has amassed a massive market cap., even surpassing $4 billion at one point.
When developers create NFTs, a certain amount of ENJ is locked inside each asset, effectively removing it from circulation. This creates deflationary pressure on the token as more NFTs are minted.
If a player no longer wants an item, they can melt it and recover the ENJ. This distinguishes Enjin NFTs from traditional digital collectibles that may have no inherent value outside their respective platforms.
Additionally, ENJ is used for ecosystem transactions, including in-app purchases, trading, and accessing various Enjin tools and services.
Your next step with ENJ
Buying Enjin Coin is simple and exposes you to one of the most established ecosystems for blockchain-based gaming and digital assets. Whether you’re investing in the token or planning to use it within the Enjin ecosystem, understanding its utility, tokenomics, and how to buy it will help you make more informed decisions. As the Enjin ecosystem matures, ENJ remains a core asset connecting users, developers, and digital ownership in web3.
Disclaimer: This article is intended for educational purposes only and should not be considered investment advice. Buying any cryptocurrency, including ENJ, carries risk, and profits are never guaranteed. Always do your own research.
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