How to Buy Enjin UK – Buy Enjin In Under 5 Minutes
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Enjin is a project built on the Ethereum blockchain that is seeing an increase in popularity. But, before entering the world of buying this digital asset, you need a reputable broker to gain access to the markets in safety.
Today, we talk about the ins and outs of how to buy Enjin in the UK. This includes a review of the best brokers, how to sign up, and what makes this particular cryptocurrency so attractive to buyers.
Table of Contents
#1 Broker to Buy Enjin Coin – eToro
How To Buy Enjin Coin – Choose a Broker
As we touched on, to buy Enjin in the UK, you will need a brokerage by your side. See below the top 5 – from the hundreds of platforms we scrutinized.
- eToro – Overall Best Broker to Buy Enjin UK
- Coinbase – Best Broker to Buy Enjin for Beginners
- OKEx – Best Low-Cost Broker to Buy Enjin UK via a Crypto Deposit
- Binance – Best Broker to Buy Enjin for Asset Diversity
- Coinjar – Best Broker to Buy Enjin UK for Those on a Budget
We review the best brokers to buy Enjin in the UK in great detail further down.
How to Buy Enjin in the UK – A Quick Guide For 2022
If you’ve never invested in cryptocurrencies before, you can follow the guide below to get started and create an account. We are using eToro for the purpose of this quick step-by-step walkthrough, as the FCA regulates the platform and Enjin investments start from just $25 (around £18).
- Step 1: Open an Account with eToro – Create an account with eToro by clicking ‘Join Now’ and entering some details about yourself. This includes your full name, chosen username and password, email address, date of birth, and home address.
- Step 2: Upload Your ID – eToro is regulated so will need to verify the above-mentioned details. For this, upload a copy of your photo ID and proof of address – such as a bank statement.
- Step 3: Deposit Funds – You’ll need to add funds into your eToro account before you can buy Enjin in the UK. Select your chosen method from a debit/credit card, UK bank transfer, or e-wallet such as Paypal or Skrill.
- Step 4: Buy Enjin – Search for ‘Enjin’, click ‘Trade’, and enter how much you want to buy into the ‘Amount’ box. To complete your purchase, click on the ‘Open Trade’ button.
After step 4, you can view the Enjin investment in your portfolio. This is because eToro will also store your ENJ tokens at no extra cost.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Buy Enjin in the UK
See below the best brokers to buy Enjin in the UK. We look for ease of use, low fees, reputation, regulation, and features – as well as asset diversity.
1. eToro – Overall Best Broker to Buy Enjin UK
At some point, you may wish to diversify by adding different cryptocurrencies to your portfolio. eToro also lists Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and Dash. Newer additions include Shiba Inu Coin, Polygon, Decentraland, Aave, Spark, and many others. Other markets include ETFs, forex, commodities, indices, and stocks. The latter offers 0% commission. You can deposit as little as $200 (approximately £145) and the minimum investment for Enjin starts from just $25, which, as we said, is around £18. This enables you to invest small amounts and grow your tokens at a pace you feel comfortable with.
Another reason this broker is the overall best place to buy Enjin in the UK is that unlike most platforms – this one only charges the spread to buy and sell digital currencies. The bid/ask gap starts from 0.75% at eToro, which is highly competitive. This broker operates in US dollars but accepts currencies from different corners of the globe. As such, a small fee to consider is the 0.5% FX charge on deposits. This saves you from exchanging GBP to USD yourself via a third party.
The platform is very simple to navigate and use for newbies and seasoned investors alike, so you won’t have any problems finding ENJ tokens and placing an order. There are a variety of different deposit methods supported by this broker. This includes credit and debit cards such as Visa and Mastercard, and e-wallets like PayPal and Skrill. You may also fund your account with a UK bank transfer. But, we should note this can take several days to appear in your account because it’s the slowest for eToro to process.
A standout feature at eToro is the Copy Trader tool. This allows you to mirror the positions of a pro – based on metrics such as profit margin, preferred market, and risk level. Invest in a person you like and you will passively replicate each trade – in proportion. For instance, let’s say you allocate $1,000 to JoeBloggs123 and they use 3% of their capital to buy Enjin – you will find $30 worth of ENJ tokens in your portfolio. You won’t miss a beat as anything they do appears in your live feed (called a watchlist). This is a hands-off approach to investing in cryptocurrencies and an alternative way to diversify your risk and portfolio.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of international stocks at 0% commission
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Broker to Buy Enjin for Beginners
Once you have completed the KYC process, you can fund your account instantly with GBP – using a number of payment types. This includes credit and debit cards – although this does come with a 3.99% fee attached. If you compare this to eToro, where you would only pay 0.5%, Coinbase might not be the best option for people wanting to purchase cryptocurrencies using this deposit method. You may also choose to use a UK bank transfer, but this is the slowest way to buy Enjin as it can take several days to clear.
When researching how to buy Enjin in the UK, you will need to pay attention to the storage and safety of your investments. At Coinbase, your ENJ tokens will appear in the hosted web wallet on the platform itself. This means a third-party provider safely secures your crypto for you in a safe place, so that you don’t need to worry about taking care of your private keys. There is also the option of the Coinbase mobile wallet, which is easily downloaded as an app. This also allows you to store your tokens and NFTs in the same place. You can also send, receive and convert tokens from within the app and will have complete control of your password.
Pros
- One of the most popular cryptocurrency exchanges
- More than 56 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, the UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
3. OKEx – Best Low-Cost Broker to Buy Enjin UK via a Crypto Deposit
To do this – first, you will need to transfer your existing tokens from the wallet or exchange they are kept on and add these to your new OKEx account. The standard trading commission here is 0.10%, which means a £100 purchase would cost you just £0.10 in fees. This can be reduced by trading in larger volumes. You can also upload the documents needed to complete the KYC process and make a fiat deposit using credit and debit cards, or a UK bank transfer.
By far the easiest and cheapest option here is to take the crypto-to-Enjin route. If you are planning to buy other cryptocurrencies and hold on to them for some time – you should take a look at the OKEx savings account. This means the platform will pay you interest on any spare digital currencies sitting around in your portfolio, which allows you to make money automatically. There are currently over 30 supported markets available for earning interest on your idle crypto assets.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products are too complex for beginners
at eToro, the UKs #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
4. Binance – Best Broker to Buy Enjin for Asset Diversity
Note that you can also fund your Binance account using GBP – which does require you to upload documents for proof of identity and address. This can be done via credit or debit card, but be aware that this method comes with a charge of 1.8% of the amount you add. So, if you add £100 to purchase ENJ tokens, you will need to pay £1.80. Other cryptocurrencies listed here include Bitcoin, Binance Coin, Tezos, Compound, Dogecoin, and many more.
There is also a free app available for download, meaning you can buy Enjin on the move. Binance is also compatible with TradingView which offers a social network type of environment – as well as analysis tools. The platform also features tons of useful indicators, interactive charts, and drawing features for analyzing the market sentiment on ENJ tokens – and beyond.
Pros
- Facilitates billions of pounds in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
5. Coinjar – Best Broker to Buy Enjin UK for Those on a Budget
If you like the idea of being able to buy Enjin from the palm of your hand, you can download the free mobile app from the relevant store – App Store for iPhone users and the Play Store for Android. In terms of deposit methods, if you want to add fiat funds, you will need to complete the aforementioned KYC process so that the provider can validate your identity and address.
Coinjar accepts credit and debit cards – however, you will need to pay a fee of 2%. Alternatively, you can opt for a UK bank transfer. The standard commission is 1%, which is much cheaper than the previously reviewed Coinbase. But not as low as OKEx, Binance, and spread-only broker eToro. When it comes to the safeguarding of your investment, the platform uses data encryption and Transport Layer Security (TLS). The exchange stores over 90% of digital assets in cold storage.
Pros
- Has been active in the crypto brokerage arena since 2013
- Very user-friendly platform – so perfect for beginners
- Mininmum deposit of just £5
- No fees to deposit funds via Faster Payments
- Debit/credit cards also supported
- Top-rated mobile app
Cons
- Too basic for experienced cryptocurrency traders
via eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
How to Buy Enjin in the UK – Detailed & Explained in Full
If you have no experience of how to buy Enjin, you should know that the process is actually stress-free. Creating an account is easy and generally takes less than 10 minutes.
For this step-by-step guide on how to buy Enjin, we are using the number one provider from our earlier reviews – eToro. The platform is super simple to use, and fees are very low. Furthermore, you can store your ENJ tokens in a heavily regulated space at no extra charge.
Step 1: Open a Crypto Broker Account
The first thing to do in order to get the ball rolling and buy Enjin is to open a crypto broker account. Head over to eToro and look for the ‘Join Now’ button to get started.
You will need to enter various information about yourself to help the broker identify you. This includes your full name and home address. You will also need to choose a unique username and a password you consider safe but memorable.
Next, you can enter your date of birth, national insurance number, a little background about your trading experience – and any other information as requested. This is standard practice at any online brokerage regulated by the FCA. You will also be required to enter your mobile number and confirm this with a code sent by eToro.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Upload ID
As we have mentioned, to complete the KYC process, you will need to send eToro some documentation.
This includes:
- Proof of ID – Such as a clear copy or scan of your passport, driving license, or another government-issued ID. The platform states that the passport will be the fastest for the team to process.
- Proof of Address – For instance, a utility bill, bank statement, a letter from your local municipality, or a government-issued house rental agreement. This document must show your full name, address, and be dated within 3 months.
You can buy Enjin tokens and complete step 2 later, but note that in the meantime you cannot make a withdrawal or deposit an amount over $2,250 (around £1,630).
Step 3: Deposit Funds
You can add funds to your account using credit and debit cards, e-wallets like PayPal, Skrill, and Neteller – and also UK bank transfers. The minimum deposit is $200, which is around £145. Enter the amount you wish to add and confirm all to proceed.
Step 4: Find Enjin
By step 4 you should have created an account, completed the KYC process, and added some funds so that you can buy Enjin in the UK.
To buy ENJ tokens, you must first find Enjin by typing it into the search bar – or browsing all available cryptocurrencies. Once located, you can click ‘Trade’.
Step 5: Buy Enjin
As we touched on, eToro supports fractional investments from just $25. Enter the amount of ENJ tokens you want to buy after checking Enjin price and click ‘Open Trade’.
Once you have confirmed your order, eToro will add the Enjin tokens to your portfolio immediately.
Buy Enjin – Best Place to Buy Enjin in the UK
There are many options when deciding how to buy Enjin in the UK. See below the two most common methods.
Cryptocurrency Exchange
The first option many people consider when looking at how to buy Enjin in the UK is a crypto exchange. The problem is that your investment and funds could be at risk. This is because these spaces are often unlicensed and therefore free from the strict rules laid out by regulatory bodies such as the FCA, ASIC, or CySEC.
If you opt for the crypto exchange route to buy Enjin, tread with caution.
- Using an unregulated exchange is a huge gamble when trading digital currencies, as the chances of a platform like this getting hacked is much higher.
- You won’t know that a company is unsafe or has poor customer support until it’s too late.
- There is often zero protection or compensation from mistreatment or stolen funds.
- Decentralized crypto exchanges will often only be able to facilitate you buying Enjin with digital currencies – rather than pounds and pence.
Not all unlicensed crypto exchanges are bad – but without regulation, you have no safety net in place to protect you from poor treatment or compensate you if your finds are stolen. Our number one place to buy Enjin, eToro, holds a license from top regulatory bodies FCA, ASIC, and CySEC.
Online Crypto Broker
In stark contrast, regulated online brokers are often able to offer access to a wide range of markets as well as the option of fiat deposits.
- eToro supports a multitude of fiat payment types, such as credit and debit cards and e-wallets, like PayPal.
- Not only that, but tier-1 financial bodies the FCA, CySEC, and ASIC provide investors with the peace of mind that they are dealing with a credible provider capable of following strict regulatory guidelines.
- You can buy, sell, swap, and store your ENJ tokens in the safety of a regulated platform – without the need to transfer between different providers and wallets.
As we mentioned in our earlier eToro review, you can also opt for the slower payment method of a UK bank transfer. Whatever type you use, you will only be charged 0.5% – which is to exchange GBP for USD. Furthermore, you can allocate as little as $25 to buy Enjin in the UK – the same goes for any other digital asset.
Payment Methods to Buy Enjin UK
Now that this guide has clearly established how to buy Enjin in the UK – you can think about payment methods. As we’ve said, no two platforms are the same – so where one might allow you to use a credit card – another may stipulate that deposits can only be made via a bank transfer.
Buy Enjin With Credit Card
Many regulated brokers these days will accept credit card deposits to buy Enjin. There is a drawback to be aware of though – the cash advance fee. This is the same fee that would be charged for using your credit card at an ATM. Not all providers will stipulate this, so always check before electing to use this type of card to invest in cryptocurrencies.
At eToro, you can buy Enjin in the UK with a credit card – after fully completing the KYC process and uploading your documentation. Remember, you will be charged the aforementioned 0.5% fee – as the site is denominated in US dollars.
Buy Enjin With Credit Card From $25 Now >
Buy Enjin With Debit Card
Many brokers regulated by the FCA will also enable debit card deposits to buy Enjin in the UK. Always check out the fee table before proceeding, as there is quite some disparity amongst providers.
eToro charges a 0.5% FX fee to buy cryptocurrencies with a debit card. This is still highly competitive in comparison to crypto exchanges such as Coinbase – which stipulates a 3.99% charge for deposits using this payment type.
Buy Enjin With Debit Card From $25 Now >
Buy Enjin With Bitcoin
Many crypto exchanges will allow you to buy Enjin with Bitcoin – which is handy if you already hold some BTC tokens. If you also have alternative crypto assets such as Ethereum or Tether, you will need to check whether this is an accepted payment type. Notably, if you deposit using a digital currency rather than GBP, you will not have to complete the KYC process (limits apply).
Buy Enjin With Paypal
Online brokers that allow you to buy Enjin with PayPal are few and far between. With that said, top-rated broker eToro is compatible with PayPal and makes the process a simple one.
After creating an account and completing the KYC process, you can add some funds to buy Enjin. For any newbies, we explained the step-by-step sign-up process earlier. To opt for PayPal specifically, simply choose it from the drop-down list of accepted deposit types and enter your log-in details. Confirm all and you will see the money appear almost instantly.
Buy Enjin With Paypal From $25 Now >
Why Buy Enjin UK?
In an ever-changing world of technological advances, Enjin offers an ecosystem of coherent blockchain products – created to bring non-fungible tokens to everyone. See below just a few of the reasons people in the UK are looking to buy ENJ tokens.
Gaming Ecosystem
The Enjin Network boasts more than 20 million users spanning over 250,000 gaming groups. One of the main goals is to solve the issue of players not having the option to own items earned or track progress made in a game. This is due to a traditional centralized and internal database.
- Enjin has collaborated with huge brands like Minecraft to incorporate blockchain-based items into titles.
- Games can now feature customizable NFTs.
- By instead using decentralized NFT products, people are able to own these gaming items.
- This means if you are a gamer and the title accepts ENJ – you have full ownership of things such as the tokens you’ve earned, swords, or character packs. Plus, you will not lose everything if gameplay shuts down.
- Self-regulatory body the JVCEA (Japan Virtual Currency Exchange Association) has approved ENJ tokens to be whitelisted.
- This allowed Enjin to make history. The asset became the first cryptocurrency listing in the gaming sector to be approved by Japanese regulators and to feature on an exchange in the country.
Interestingly, any unwanted digital products can be changed into ENJ tokens. There is the Enjin ecosystem where people are able to store, create, trade, and use the company’s wallet, Unity plugin, and marketplace (to make purchases and list). There is also EnjinX, which is a blockchain explorer used to view all items and transactions.
ENJ tokens have a limited supply of 1 million, which makes the aforementioned gaming ecosystem even more valuable. The more items that are generated on Enjin, the fewer tokens will be available. This, of course, means the supply of the digital asset will be lower – which tends to lead to a perceived increase in value.
The Gold Standard for NFTs
For those unaware, an NFT (Non-Fungible Token) is a digital asset that is irreplaceable. It cannot be replicated and is unique because each one has its own digital signature. Cryptocurrencies and even collectibles, photos, audios, and art can now be sold on a blockchain – as a digital representation using a set of numbers. It’s a way to demonstrate ownership without needing to copyright anything.
- An example of a fungible cryptocurrency would be Bitcoin – as if you swap one for another you will have precisely the same product.
- Fiat money is also fungible as it can be exchanged for one another at the same value. For instance, if you swap £10 for £10, it is still worth the same amount.
- The majority of NFTs are part of the bigger Ethereum blockchain – but some other networks are compatible.
- NFTs can hold heaps more information than, say, ETH coins.
This unique data means NFTs will only have one owner at any time – which makes it straightforward to transfer ENJ tokens between people and verify ownership. The creators of this cryptocurrency are planning to make carbon-neutral NFTs by the year 2030 – given the attention on the environmental footprint of digital currencies right now. This step can only be a good thing for the popularity of Enjin.
Enjin Scalability
As we said, this cryptocurrency enables users to create decentralized games and take ownership of items formed on groundbreaking blockchain technology. Enjin was formed to behave as an open platform – one that exchanges, marketplaces, and wallets can use to manage transactions and embrace all blockchains – crucially, in a scalable manner.
- This blockchain can maneuver thousands of transactions per second with ease – with no sign of lagging.
- Blocks are validated every 6 seconds thanks to Enjin’s use of the Proof-of-Stake algorithm.
- This makes Enjin a super scalable network and attractive to financial and gaming sectors – where quick transactions are essential.
With major enterprises such as Atari and Microsoft leveraging the Enjin platform in order to offer next-generation outcomes and experiences – the scalability potential of ENJ is huge.
Risks of Buying Enjin in the UK
Cryptocurrencies can be volatile – fluctuating in value 24/7. As such, there is risk involved when buying digital assets in the UK. With this in mind, it’s important for you to learn the risks of buying Enjin – before proceeding and allocating your hard-earned money.
See below a few common ways to offset the risk factor when buying digital assets like Enjin:
- Consider diversifying your portfolio by adding alternative cryptocurrencies. This might include digital currencies in addition to Enjin – and perhaps other asset classes entirely like stocks and shares.
- Invest small amounts at different times to lessen the risk.
- eToro enables investments from just $25, which makes the platform highly compatible with the dollar-cost averaging approach to investing.
Another key element to reduce your exposure to risk is to only buy Enjin from a trusted and regulated source in the UK, such as eToro. This is because eToro is authorized and regulated by the FCA – so you know you are using a credible provider.
The Cost of Buying Enjin in the UK
When you are learning the ins and outs of how to buy Enjin in the UK, it’s important you check out what fees you will be liable for – as well as the other important factors we have talked about in this guide.
See below the most commonly seen fees:
Trading Fees
Trading fees to buy Enjin in the UK will vary, depending on things like what type of platform you choose – and in some cases, what volume of tokens you trade.
For instance:
- The standard commission fee at Coinbase is 1.49%.
- CoinJar charges 1% to buy and sell Enjin.
- Crypto exchanges Binance, and OKEx stipulate 0.10%.
- eToro offers a spread-only pricing model to buy Enjin.
As you can see, a £1,000 purchase could cost you anywhere from £14.90 at Coinbase, and £1 at Binance and OKEx – to just the spread at eToro. Always check the fee structure before signing up with a provider to buy Enjin.
Deposit Fees
Deposit fees also vary by a mile, so this is something else to check out – before you buy Enjin in the UK.
To give you an example of the disparity between platforms, see below:
- If you add funds to your account using a debit card at Coinbase, you will pay 3.99% of the amount added. So, a £1,000 deposit would result in a charge of £39.90.
- If you elect to buy Enjin with a debit card at eToro, you will pay 0.5%. From a £1,000 deposit, this would equate to just £5.
You will probably find that you can buy Enjin with a UK bank account at most regulated trading platforms. Just remember that this could delay your investment by days, as it is often the slowest to clear.
How to Sell Enjin: A Quick Overview
As you are learning how to buy Enjin in the UK – it’s also important that you know how to sell your digital tokens. If you purchase ENJ tokens at a regulated brokerage such as eToro, the process couldn’t be easier!
See below:
- Sign in to your eToro account and click ‘Portfolio’ on the left-hand side.
- Find your Enjin tokens and click ‘Sell’.
- The order will be executed straight away and at the current market value.
- The proceeds will appear in your eToro account as available equity.
- At this point, you could request a withdrawal – or reinvest the funds into something else.
Interested in how to buy Enjin in the UK, but considering doing so via a crypto exchange? Be mindful that this sometimes makes the process of cashing out your investment far more complicated. This might entail transferring tokens from a crypto wallet to an exchange, completing the KYC process, and then swapping ENJ for fiat money (like GBP) – all before you can request a withdrawal.
How to Buy Enjin UK – To Conclude
This guide has covered the most important aspects of how to buy Enjin in the UK. This covers everything from where you can access this speculative market and varying levels of safety – to how to sign up and what fees you could be liable for.
After reviewing heaps of different crypto providers, we revealed that the best place to buy Enjin in the UK is eToro. Tier-1 regulatory bodies the FCA, CySEC, and ASIC license and regulate the space. As such, the broker adheres to strict rules surrounding customer care, client fund segregation, and anti-money laundering laws. Here you can buy ENJ tokens from just $25.
You can also buy and sell cryptocurrencies whilst only paying the spread, which starts from just 0.75% at eToro. This regulated broker will store your investment in safety at no extra cost and you will also find thousands of other markets listed – should you decide to create a more diverse portfolio later.
eToro – Best FCA Broker Buy Enjin UK
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