Founded in 2009, Enjin is the company behind some of the most exciting innovations in non-fungible tokens, or NFTs.
NFTs are different from ordinary cryptocurrency tokens in an important way. Each token is unique.
Imagine inheriting a gold ring. You'd probably want to know its value?
Typically, you would take the ring to a jeweler who could quickly perform an appraisal.
But that may not be the whole story. If it was your grandmother's wedding ring, it has a one-of-a-kind history that adds to its value. No jeweler's assessment can tell you what it is worth to you because it is unique. It can't really be compared to other rings because of its unique heritage.
Rings that have no sentimental value, that have no unique worth, are fungible. The word 'fungible' is a bit of legal jargon from the insurance industry. It means generic, interchangeable with identical items.
Most cryptocurrency coins and tokens are fungible. One Bitcoin is the same as any other.
But some tokens are associated with unique real-world items - artistic masterworks, for instance. When you purchase the tokens, you are purchasing partial or full ownership of that single unique object. That ownership is represented as an NFT, meaning 'non-fungible token.' NFT tokens work like serial numbers: They have a unique relationship to the online or offline commodities they are associated with.
Every fungible token has exactly the same value, while non-fungible tokens can each have a unique value based on the NFT coin's relationship with an underlying asset. That means NFTs are bought and sold according to market factors, including the rarity, inherent value, investment potential, and significance of the associated asset.
Enjin provides tools for creating, sharing, storing, and trading NFTs.
Enjin's own cryptocurrency, ENJ, is a general-purpose cryptocurrency that is useful for paying fees associated with purchasing, selling, or swapping NFTs.
Here's a quick overview and a few tips on where and how to buy Enjin (ENJ).
Where to buy Enjin (ENJ)
It's possible to buy ENJ tokens at many websites and crypto platforms. In fact, it is precisely this large number of outlets that makes choosing a site one of the most difficult tasks when you are figuring out how to buy Enjin.
Most exchanges, including the decentralized exchanges that have gained so much attention in the crypto community, cater to the same small audience of experienced crypto experts who are comfortable selecting a wallet, securing hexadecimal cryptographic keys, and interacting with the blockchain directly.
As time has passed, more and more people - including NFT collectors who are not members of the cryptocurrency community - are interested in buying ENJ for the first time. The expert-only platforms don't provide security, assistance, or tools that would help a user like that succeed. They are largely geared toward the needs of computer-science grads and blockchain experts.
For most users, that's not the best answer to the question of where to buy Enjin. If you don't speak a programming language like Solidity or Rust as your native tongue, you'd be better off creating an account at a custodial crypto platform like Kriptomat.
Custodial platforms are easy to use. They provide the current trading Enjin price and a chance to make your purchase. If you are new to the blockchain world and you would like to buy ENJ coins, Kriptomat is a great choice.
You will quickly learn that creating an account is slightly more complicated than defining your user name and password. One way you know that you are working with a reputable crypto exchange is that it will require you to verify your identity by providing an electronic copy of your government-issued passport or other ID. These Know Your Customer (KYC) regulations are required by every business that complies with the anti-money laundering provisions of the EU's GDPR.
Identity verification can take days or even weeks at other crypto sites. At Kriptomat, the simple KYC procedures can be completed in minutes.
You start by typing your address and uploading a high-resolution image of your passport (or, in some countries, driving license). Kriptomat guides you through the creation of a selfie - a photograph of you that matches the photo on your government-issued ID. In most cases, identity is verified within a few minutes.
How to buy Enjin
Once you've created and verified your account, you're ready to tackle the next steps in how to buy ENJ.
The fastest and easiest way to buy Enjin (ENJ) is to use a Visa or Mastercard. Select Buy from the menu and follow the prompts - you can purchase ENJ in seconds and add it to your Kriptomat wallet.
If you prefer, you can transfer funds to Kriptomat via bank transfer or with a cash-transfer service like Skrill or Neteller. Kriptomat accepts deposits in more than a dozen of the most widely used European fiat currencies. Once your deposit shows up in your account, you can follow the menus and make a purchase.
That's all you need to know. You are now an expert at the fine art of how to buy ENJ.
The most important decision you make is choosing where to buy Enjin. As you evaluate crypto platforms, be sure to take licensing and regulation, security certification, investment tools, ease of use, and customer support into account.
You don't get any physical Enjin coins when you buy ENJ online. The coins you purchase are transferred to your electronic address on the blockchain. Kriptomat handles all the details of public key encryption to ensure that your crypto is transferred promptly and remains secure.
Founded in 2018, Kriptomat revolutionized the cryptocurrency world with the introduction of the simplest platform in Europe. Kriptomat makes digital finance so simple that everybody everywhere can access the freedom, fairness, and fulfillment that crypto represents. Hundreds of thousands of customers across Europe and in 120 countries worldwide trust Kriptomat when they buy, sell, swap, earn, share, and invest in crypto.