Enjin is a blockchain-based gaming platform that has combined non-fungible tokens (NFTs) with the gaming industry. Game developers can use the Enjin platform to create video game items in the form of NFTs, a new way for game designers to earn profits. Players can also benefit from selling these in-game items on the NFT marketplace. Each in-game item created on the Enjin platform has real intrinsic value as it costs Enjin tokens to mint an NFT on the network, which is then locked into the gaming NFT. Gamers can also decide to melt/delete their NFTs, which will recover the Enjin tokens that were locked in the NFTs. On this Page:Contents [show] How to Buy Enjin (ENJ) Choose an Enjin (ENJ) exchange – we recommend eToro as it’s fully FCA, ASIC & CySEC regulated. Create an account Deposit funds into your account Search ‘Enjin ‘ in the drop-down menu Click ‘Open Trade’ and select an amount of Enjin to buy Best Places to Buy Enjin (ENJ) in October 2023 Invertir Invest $ = Bitcoin Actualizar More Filters Close Filters Sort By Rating Price 1 Provider that matches your filters Providers that match your filters Payment methods Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort Features Instant Verification For Beginners Wallet Service Mobile App Usability Very Good Good Average Bad Support Very Good Good Average Bad Rates 1or more Security 1or more Selection of Coins 1or more Classification 1or more Remove Filter Apply Filter No results found Trying adjusting the filter to see some results. Rating with $1000 you receive 2270.8693 BTC What we like Easiest to deposit Most regulated Copytrade winning investors Rates Security Selection of Coins Features Payment methods with $1000 you receive 2270.8693 BTC Read Reviews Buy Enjin Read Reviews 68% of retail CFD accounts lose money. Compare Cryptocurrency Exchanges Binance Visit Site As with any asset, the values of digital currencies may fluctuate significantly.... Coinbase Visit Site The value of digital currencies can go up or down frequently.... AvaTrade Visit Site 71% of retail CFD accounts lose money.... Libertex Visit Site 74% of retail investor accounts lose money when trading CFDs with this provider.... Rating220.127.116.11 For Beginners Instant Verification Mobile App Wallet Service Coin Selection 0 0 0 0 Rates Trading fees 0.1%0.50%SpreadsSpreads Deposit fees N/AN/AN/AN/A Withdrawal fees N/AN/AN/AN/A Additional features Regulated FCAFCACBI, MiFIDCySEC Min.Deposit $10$2$100100 EUR Leverage 1 - 100xN/A1 - 30xN/A Latest prices by currency Bitcoin $27135$27135$27135$27135 Ethereum $1679.17$1679.17$1679.17$1679.17 XRP $0.517686$0.517686$0.517686$0.517686 Tether $1.001$1.001$1.001$1.001 Litecoin $66.29$66.29$66.29$66.29 Bitcoin Cash $238.59$238.59$238.59$238.59 Chainlink $8.07$8.07$8.07$8.07 Cardano $0.255485$0.255485$0.255485$0.255485 IOTA $0.152949$0.152949$0.152949$0.152949 Binance Coin $214.99$214.99$214.99$214.99 Stellar $0.112968$0.112968$0.112968$0.112968 Bitcoin SV $31.83$31.83$31.83$31.83 Payment methods Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort How to Sign Up at eToro If you need more information on how to buy Enjin (ENJ), the first step is to open an account with a broker company. As Enjin (ENJ) is listed on the Blockchain network, finding a broker with access to the blockchain is crucial. Some of the most prominent crypto brokers in the United Kingdom have been mentioned above. We recommend eToro as it’s the easiest to buy Bitcoin on, which can then be used to buy Enjin (ENJ). Step 1: Open an Account The first step is to open the eToro website and then register for a trading account by clicking on the “Join Now” button at the center of the screen. Enter your: Full name Nationality DOB Address Contact Details Username and Password How to Buy Enjin (ENJ) – Sign up on eToro Visit eToro Step 2: Upload ID eToro will then require you to verify the provided identity with a copy of your driver’s license or passport to comply with government regulations. A copy of the utility bill or bank account statement will also be required to verify the provided address. The verification will then automatically happen once the documents are uploaded. Step 3: Make a Deposit The minimum requirement for opening an account with eToro is $50, which can be deposited through various methods, including: Debit cards Credit cards Bank transfers Skrill PayPal Neteller eToro doesn’t not charge any deposit fees. This is less expensive than some of its key competitors, such as Coinbase, which charges 3.99 percent to buy Bitcoin with a debit card. How to Buy Enjin (ENJ) on eToro Furthermore, there is no transaction cost if you are a US resident depositing funds through a USD-backed payment method. The minimum deposit is $50 for residents of the United States and $200 for most other countries. Fortunately, eToro has recently added Enjin (ENJ) to their product offerings, and you can trade it just like all the other cryptocurrencies. It means all the major altcoins are now available under one roof, and you don’t need to go somewhere else. Step 4: Search for Bitcoin At this stage of our step-by-step guide, you should now have an eToro account that is funded. Now it’s time to buy Enjin (ENJ). The easiest way of doing this is to enter ‘ENJ‘ into the search box at the top of the page. The process starts with logging into the account by entering the username and password. Type Enjin or ENJ in the search box. The popped-up search results will bring forward a list, and investors will have to click on the desired cryptocurrency. How to Buy Enjin (ENJ) on eToro Step 5: Buy Enjin (ENJ) You can now buy Enjin (ENJ) simply by typing the amount you want to invest in the ‘Amount’ box ($25 minimum). How to Buy Enjin (ENJ) on eToro Then, click on the ‘Trade’ button and enter the desired amount of money you want to invest in the shares. Finally, clicking on ‘Open Trade’ will execute the function, and investment in Enjin (ENJ) coin will be made successfully. Best Broker to Buy Enjin (ENJ) in the UK eToro is a well-known fintech firm and social trading broker that was founded in 2007. Toro provides UK clients through a unit registered by the Financial Conduct Authority (FCA), and Australians through a business regulated by the Australian Securities and Investment Commission (ASIC). All other customers are served by a Cyprus-based subsidiary governed by the Cyprus Securities and Exchange Commission (CySEC). eToro does not have a stock exchange listing, does not publish its annual report on its website, and does not have a bank parent. eToro is regarded as safe because its UK and Australian subsidiaries are authorized by top-tier financial authorities, and it is a well-known fintech firm. eToro introduced two intriguing new assets on the eToro platform on July 26, 2021 — Maker (MKR) and Enjin (ENJ). The two Ethereum-based coins have several intriguing applications. Brush up on their features and then head over to eToro to invest! Initial Deposit The minimum investment of $50 means that investors can enjoy the leverage trading facility. In simple words, investors have a chance to own a fraction of a share if they want, and they can also buy shares worth more than the amount deposited through CFD. Copy trading is also a feature provided by eToro to its customers, which can help beginner traders mirror an experienced investor’s portfolio. Various Payment Options Traders can use various payment methods through credit/debit cards, bank transfers, or e-wallets like PayPal, Skrill, VISA, or Neteller. Another exciting service offered by eToro is that investors can also buy and sell a fraction of stocks. For all newbies, it means traders can buy a fraction of stocks and have no need to buy a single share of a company with their share trading account eToro. Regulation eToro is regulated in the United Kingdom (UK) and worldwide, holding licenses from the ASIC, FCA, and CySEC. In addition to this, eToro is a member of the Financial Services Compensation Scheme (FSCS) that protects the first £85,000 of investors’ funds in case of the broker’s bankruptcy. Buying and selling on eToro can be done online as well as on mobile devices through their application. The opening process of an eToro account is straightforward and takes about a couple of minutes. The payment can be deposited in various ways, including debit/credit cards, e-wallet, bank transfer, and Paypal. Pros & Cons of the eToro platform: eToro provides copy and social trading. Regulated by ASIC, FCA, and CySEC. Offers to purchase CFDs in addition to shares. Share trading with no commissions. User-friendly graphical user interface (graphical user interface) stockbroker. A well-known mobile trading app. Skrill, VISA, Neteller, and PayPal are all accepted at eToro. For professional traders, performing complex technical analyses might be difficult. Visit eToro 2 – Binance Binance is without a doubt the greatest eToro alternative. Binance is the world’s largest cryptocurrency exchange by daily transaction volume, with over $20 billion in deals per day. It gives you access to hundreds of assets and a smooth trading service that makes it simple to make money. The advantages of Binance are pretty astounding. The trading commission is a flat 0.075 percent, which is extremely low. Expert traders can use sophisticated tools, including futures and margin trading, and the exchange offers a variety of deposit and withdrawal methods. When you combine this with Binance’s high liquidity, it’s easy to see why it’s so popular. Binance, on the other hand, is a crypto-only exchange. The exchange also charges high credit card transaction fees, and the primary portal isn’t particularly user-friendly. Furthermore, the Binance interface is not particularly user-friendly for newcomers. The charts and menu options may be bewildering for first-time Enjin (ENJ) buyers. Bitcoin BTC and Ethereum ETH are the most convenient cryptocurrencies to deposit. On Binance, both BTC and ETH can be exchanged for Enjin (ENJ) since Nov 03, 2017. The ENJ/BTC and ENJ/ETH trading pairs are available on Binance therefore, you can start depositing and trading ENJ now. Pros & Cons of the Binance platform: Very good liquidity Exceptional security features Professional traders have access to sophisticated products. High fees for credit card deposits Visit Binance 3 – Coinbase Coinbase is among the most well-known cryptocurrency exchanges in the United States, and it’s one of the world’s largest. Nevertheless, keep in mind the hazards of trading these speculative currencies. Coinbase, the largest cryptocurrency trading platform in the United States, was founded in 2012 in San Francisco. Coinbase has supported 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN), and Origin Token (OGN) on Coinbase.com and in the Coinbase Android and iOS apps since April 10, 2021. Customers of Coinbase can now buy, sell, convert, transmit, receive, and store 1INCH, ENJ, NKN, and OGN. With the exception of 1INCH and ENJ in New York State, 1INCH, ENJ, NKN, and OGN are available in all Coinbase-supported locations. Coinbase Pro also supports trading in 1INCH, ENJ, NKN, and OGN. Coinbase became the first crypto trading company in the United States to be listed on a US exchange in April, with an IPO valued at roughly $86 billion. While bitcoin brokerages are not covered by the Securities Investor Protection Corporation or SIPC, Coinbase covers its site for any losses incurred due to theft or hacking. Pros & Cons of the Coinbase platform: It provides access to over 50 cryptocurrencies. A low minimum is required to fund an account. In the event that a website is hacked, cryptocurrency is protected. Fees are higher than on other bitcoin exchanges. Visit Coinbase 4 – Bitfinex Bitfinex, launched in 2012, is one of the older cryptocurrency exchanges. Since its inception, the exchange has remained a market leader in cryptocurrency trading, now ranking eighth among the world’s major cryptocurrency exchanges by volume, according to CoinMarketCap. Bitfinex has relatively cheap trading costs, with most trades costing less than 0.20 percent. Bitfinex’s active trading platform offers 150 cryptocurrencies, including Bitcoin, Ethereum, Terra, Tether, Solana, Litecoin, Ripple, and many others. There are too many to list here, but Bitfinex performs a fantastic job of supporting popular currencies on its platform in general. Fees Another notable aspect of Bitfinex is the absence of trading fees. The majority trades either a 0.10 percent maker fee or a 0.20 percent taker fee. This rate applies to crypto, stablecoin, and fiat transactions. However, Fees can be avoided if you keep the LEO currency in your account. For example, you can save 15% on taker costs for crypto-to-crypto and crypto-to-stablecoin trades if you have the equivalent of $1 in LEO in your account. With at least $5,000 in LEO, you’ll receive a 25% discount on taker costs for crypto and stablecoin trades, as well as a 10% discount on fiat trades. And, if you have $10,000 or more in LEO, you may be eligible for a bigger percentage discount, depending on your amount. Bitfinex listed EnjinCoin back on June 29, 2020. FTT can be traded with USD (ENJ/USD) and USDt (ENJ/USDt). Trading will be allowed only in select jurisdictions and will be restricted to verified individuals. Pros & Cons of the Bitfinex platform: Established since 2012 Suited for advanced traders Over 100 supported coins. Accepts bank wire deposits and withdrawals U.S. citizens not accepted Not regulated High trading fees Hacked on more than one occasion Visit Bitfinex 5 – KuCoin KuCoin is a Singapore-based exchange founded in Hong Kong in 2017. It’s a genuinely global corporation, having offices in Hong Kong, Singapore, and Seychelles, which is why it bills itself as “The People’s Exchange.” Their goal was to provide consumers worldwide with an easy and secure platform for buying and selling a variety of digital currencies. They have undoubtedly made an impression on the global crypto community, increasing their user base to over 8 million in just four years and serving one in every four crypto holders globally. KuCoin is a relatively new cryptocurrency exchange that has swiftly gained a devoted following due to its user-friendly design and a high degree of security. The exchange is well-known for having many various cryptocurrency pairs, which allows customers to buy a wide range of cryptocurrencies. On the negative, Kucoin is a crypto-only exchange, so if you want to buy coins with fiat currency like HKD, USD, or CAD, you’ll need to use another exchange. It provides bank-level security, a slick interface, a user-friendly UX, and a wide range of crypto services, including Margin and futures trading, built-in P2P exchange, ability to buy crypto with a credit or debit card, Instant-exchange services, ability to earn crypto by lending or staking via its Pool-X and opportunity to participate in new initial exchange offerings (IEOs) via KuCoin Spotlight. Besides, KuCoin has some of the lowest fees because it lists small-cap cryptocurrencies with significant upside potential, has a vast range of coins, lesser-known cryptos, and strong profit-sharing incentives – up to 90% of trading fees are returned to the KuCoin community via its KuCoin Shares (KCS) tokens. Trading Fees – Kucoin’s trading fee structure is pretty straightforward. The platform charges 0.1 percent to both makers and takers, making it one of the cheapest cryptocurrency exchanges online. If you own the platform’s native Kucoin Shares tokens, you can further minimize your fees. KuCoin listed Enjin Token (ENJ) back on January 12, 2018, and supported trading pairs include ENJ/BTC and ENJ/ETH. Pros & Cons of the KuCoin platform: 24/7 customer support No forced Know Your Customer (KYC) checks User-friendly exchange Low trading and withdrawal fees KuCoin Shares allow users to invest in the success of KuCoin. Users can trade using Arwen without having to transfer funds into a third-party wallet. Due to KuCoin’s commitment to rapidly launching new, innovative crypto assets, customers have access to a huge variety of trading pairs. Users can choose from a vast number of trade pairs. No bank deposits Since it’s a crypto-only exchange, it can be tough for newbies to utilise. Lacks the trading volumes found on some of the more established platforms. No fiat trading pairs Visit KuCoin 6 – Bybit Bybit is a cryptocurrency derivatives platform founded in March 2018 and has since grown to become one of the world’s most popular exchanges, with over 3 million users worldwide. The program focuses on leverage trading and includes an excellent charting interface. Traders can leverage up to 100x on Bitcoin, Ethereum, XRP, EOS, or USDT. Bybit allows you to trade a number of markets, including spot, inverse perpetual, USDT perpetual, and inverse Futures. Market takers pay 0.075 percent, while market makers pay -0.025 percent. As a result, they will be compensated when a market maker opens a transaction. This low cost encourages market makers to stay active and fill the order book. Where is Bybit regulated? Bybit is a legal cryptocurrency trading platform run by Bybit Fintech Limited. The corporation is registered in the British Virgin Islands and has its headquarters in Singapore. Because the cryptocurrency exchange is not yet regulated in any nation, users do not need to provide KYC to trade on Bybit. USDT everlasting BTC, ETH, EOS, and LTC pairs Trading costs range from 0.025 to 0.075 percent for leverage of up to 100 times. Order book with high liquidity and low spreads Bybit is a mobile trading app. 4.9 out of 5 stars based on over 50,000 reviews Affiliate and referral programme (30% commission) Pros & Cons of the Bybit platform: Trustworthy and reputable trading platform 4th largest derivatives exchange in the world by volume Variety of markets including spot, perpetuals and Futures Advanced and feature-rich trading platform Intuitive and responsive mobile app Difficult for beginners to navigate Limited number of spot trading pairs against BTC Visit Bybit What is Enjin (ENJ)? Enjin is a blockchain-based gaming platform that has combined non-fungible tokens (NFTs) with the gaming industry. Game developers can use the Enjin platform to create video game items in the form of NFTs, a new way for game designers to earn profits. Furthermore, players can also benefit from selling these in-game items on the NFT marketplace in Enjin. Enjin was established in 2009 by the CEO, Maxim Blagov, and CTO, Witek Radomski. The company was created as a for-profit company that first started as a community gaming platform. They organically grew their platform to over 20 million users, and since its creation, the company’s team has been busy developing its platform to gain new users. The company has also secured significant partnerships with developers like Atari and Microsoft. Recently, the company has also released its Efinity Blockchain, which makes NFT transactions much cheaper. Enjin has been gaining a lot since the boom of NFTs in 2019. The unique features of the Enjin network have a great impact on the NFT space. In fact, the CTO of Enjin also coded one of the first NFTs back in 2017. The power and premise of NFTs in the Enjin ecosystem can be imagined as a virtual world where game items like hand grenades can be collected, traded, and sold between players from one game into another freely. It can be said that Enjin is to gamers what Shopify is to retailers and WordPress is to bloggers. Enjin is a massive ecosystem that enables the creation of gamer forums with support for digital marketplaces, chat, e-commerce, and more. The best thing about using the Enjin platform is that there is no need to build and maintain any blockchain infrastructure or write blockchain-related code to create and manage blockchain games. Performance of ENJ Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used to back the value of next-generation fungibles and NFTs. ENJ is not only a fungible ERC-20 token on the Ethereum blockchain, but it also supports the ERC-1155 smart contracts, which means it can be both fungible and non-fungible. Enjin coin had its ICO in 2017, and it was a remarkable entry into the market as it raised as much as $23 million in just 24 hours of launch. The coin went live on the market in 2018 with a rate of 6,000 ENJ per ETH token. In terms of the US dollar, ENJ began its trading at about $0.02. The maximum total supply of Enjin coins is 1,000,000,000 ENJ/1 Billion ENJ. Approximately 80% of the total supply was sold, and the remaining 20% was divided among the founding team, the company, and investors. The company raised about $35 million when the private toke was sold. ENJ is listed on many well-known exchanges like Binance, OKEx, Upbit, FTX Spot, Coinbase Pro, Huobi Global, HitBTC, Kucoin, DrangonEx, LATOKEN Gate.io, and UniSwap v3. The trading pairs include BTC, ETH, USDT, and fiat currencies like KRW and USD, which show adoption in Korea and the United States. The ENJ token remained in a consolidation phase in its initial 2-3 years. However, with the FTX collapse the entire crypto industry faced the wrath of the crypto winter. The token saw its value tumble by almost 91% as a result of the FTX crash. This collapse also led the Ethereum Whales to get to the job and accumulate ENJ in large quantities. There were some positive signs at the end of 2022 when the crypto left its $0.25 price mark on 22nd December and surged to $0.27. Although, the excitement was shortlived as the price further fell to $0.265. eToro is a professional and leading trading platform in the US, and the listing of ENJ on this gave a significant boost to its price, which drove it to its ATH level. Since then, the token has been declining mainly because long-term investors tend to take advantage of these dips to continue accumulating ENJ tokens, as it is the leader in the blockchain gaming space. Is it Worth Buying Enjin (ENJ) in 2023? For the year 2023, ENJIN has a lot in store. This involves an increasingly important role that Enjin has to play in the GameFI ecosystem. Apart from this, the Enjin network started its 2023 with a bang. This was due to the new sets of developments it revealed to its users that it had made into its network. The report released about the Enjin Network focused on the amends made in the Enjin Wallet 2.0 and the introduction of NFTio, which is being referred to as the most advanced and cutting-edge NFT marketplace. All of this and more make Enjin crypto with bright prospects in 2023. Will the Price of Enjin (ENJ) Go Up in 2023? Enjin has experienced some positive movements since the start of 2023, but it was mostly due to an outpouring of positive reactions received by Bitcoin. But that doesn’t mean Enjin doesn’t have the potential to go up with its own merits. The token’s fundamentals, combined with the community’s outcry for more utility-based cryptocurrencies in the market, give us cautious optimism about this asset. How to Choose the Right Crypto Broker Given the abundance of brokers from whom to purchase Enjin (ENJ), you must make the best option possible. Consider the following aspects while looking for the best broker for you: 1. Charges What is the relevance of selecting a low-cost broker when trading cryptocurrencies like Enjin (ENJ)? Because costs can easily add up. Before choosing a trading platform, get a breakdown of the broker’s fee structure. Withdrawal and deposit fees, transaction fees, and trading fees should all be mentioned. 2 – Security To prevent unauthorized access to your money, the right broker should have suitable safety and security measures in place. 3. Assistance A reputable broker will also have a robust customer service staff to help you with all of your needs. 4. Deposit Alternatives You want to be able to deposit as many funds as possible. There are always numerous options, ranging from bank transfers to credit cards to payment processors. Just keep in mind that each one has its own set of costs. When you’re considering an investment, follow these things: Every cryptocurrency comes with risks, and this is especially true in the case of Enjin (ENJ). So, whenever you invest, it is important that you don’t get drawn into FOMO. Apart from following others, you must conduct your own research before investing in any digital asset. 1 – Research, research, research: Before investing your money, good and comprehensive research about the product must be done to avoid risks associated with them. Here are the different methods we looked into: Investigating various forms of social media. Speculating on what’s to come. Learn the essentials by doing some research. Discover what’s hot right now in the world of trending topics. Make use of the strength of specialized forums. Attend crypto gatherings. Keep an eye on the number of transactions. Monitor the market: Monitoring the market is a second step in knowing more about your selected product or digital asset. The market could move in a different direction from your expectations, and keeping your calm when the market is moving in another direction is also an essential factor. The best way to monitor the market is to go through the review sites and recommendations on them. Buying Enjin (ENJ) as a CFD Product Contracts for differences (CFDs) are derivatives that allow you to speculate on multiple financial markets without owning the underlying asset. It is widely used in established markets such as foreign exchange currency pairings, stocks, bonds, indices, and commodities. Trading CFDs entails more than simply buying and selling; it also entails agreeing to swap the difference in an asset’s price when the contract is opened and expires. CFD trading has made its way into the cryptocurrency industry, and Enjin (ENJ) is now available as a CFD product. If you’re having trouble understanding bitcoin trading and where to keep your crypto funds, you may use CFDs to profit from Enjin (ENJ). We recommend trading Enjin (ENJ) CFDs on the Binance or Coinbase platforms since these are regulated and allow you to choose from various analytical tools. Taxation on Enjin (ENJ) Earnings: As the cryptocurrency market is still new and finding its ground, regulatory agencies, including the SEC, are looking to regulate this industry. Furthermore, the Internal Revenue Services have been trying to set up a tax regime for cryptocurrencies. Currently, cryptocurrencies and digital assets are treated as properties and fall under the capital gain tax bracket. However, in certain situations, some earnings from cryptocurrencies are also considered income and fall under the income tax bracket. The following are the taxable events that qualify for capital gains and income taxes when trading digital assets. The Internal Revenue Service (IRS) issued IRS Notice 2014-21, IRB 2014-16, providing guidance for individuals and corporations on the tax treatment of virtual currency transactions. Individuals who have bitcoin as a capital asset but are not in the trade or business of selling cryptocurrency might find answers in the IRS’s Frequently Asked Questions on Virtual Currency Transactions. Profit is referred to as gain in the tax world. It’s the difference between your tax basis (typically what you bought for the shares plus transaction charges) and the amount you get when you sell or exchange them. Taxable events that are considered property gains tax in the US: Exchanging your cryptocurrency for fiat money Making purchases with crypto. Swapping one cryptocurrency for another – whether through an exchange or a peer-to-peer (P2P) channel – is common. Taxable events that are considered income taxes: Block rewards from cryptocurrency mining Crypto assets are earned from liquidity pools (LPs) or staking. Receiving crypto for services rendered Getting crypto from an airdrop Earning interest from lending to decentralized finance (DeFi) platforms Be aware that you can write off your capital gains tax through losses incurred from trading. You can also save up to $3,000 of your income taxes, depending on how long you have held on to an asset. Taxation on Enjin (ENJ) Calculating Your Capital Gains Tax The crypto market has seen exponential growth in the past year, and government agencies are trying to take knowledge of it. Given the recent spike in the non-fungible token (NFT) sub-sector, the IRS is also looking to get a piece of the crypto pie. Two things largely decide the number of capital gains tax rates for cryptocurrencies, first, your income tax bracket, and second, how long you have held on to your crypto asset. This will help you calculate your: a.) Capital Gains on Short-Term Investments The short-term capital gains tax largely depends on how long you have been trading or holding cryptocurrencies. If you have made gains or losses from trading or holding crypto for less than a year, you will be taxed under your normal tax bracket. Losses you incur for that trading year can prove useful. Leveraging on a tax-loss harvesting strategy, you can write off up to $3,000 of your taxes. You also enjoy the privilege of post-dating your taxes to the next year. b.) Capital Gains on Long-Term Investments Long-term capital gains apply if you have been trading cryptocurrencies for upwards of a year. You will pay taxes between the range of 0 to 20% depending on your income. We have itemized the income tax brackets on this link. Automated Trading With Robots A trading robot is a computer program that, on a computerized basis, executes all of the activities of a professional trader on an exchange. The computer software is a fully automated version of tried-and-true trading techniques. Regardless of the direction in which asset values are moving, robots tend to outperform humans during periods of substantial market volatility. This is because they rely on trading strategies that are meant to generate profits even when the market is down. In addition, the most successful bitcoin bots in the world are known for their lightning-fast research and execution. As a result, they can complete a huge number of transactions every day and thereby take advantage of any trading opportunities that arise. Trading Enjin (ENJ) can be a difficult profession for anyone, and there is no assurance that your market analysis will result in a profit. There are other sure ways to grow your capital with little to no effort to get around this problem. Ideally, the bots make a profit, and that profit is bigger in risk-adjusted terms than if you had just bought and held the same coins throughout. However, trading bot software is unregulated, so you should only deposit funds into bots that you can afford to lose. Our review team has a vetting system to help filter out genuine trading software from the rest. Some of the notable trading robots that we’ve reviewed include: Bitcoin Miner Bitcoin Prime Bitcoin Trader Cryptosoft Enjin (ENJ) Mining: Can You Mine Enjin ENJ? No, ENJ cannot be mined; however, it can be destroyed when the users create custom ERC-1155 assets. Decreasing Risk in Enjin (ENJ) Investment: Every investor must find strategies to protect oneself from large losses. If you wish to limit your risks, follow these guidelines: Risk-adjust your portfolio: You should always maintain a well-balanced investment portfolio. To reduce the risk of adverse price swings, use financial instruments strategically. Investors, on the other hand, hedge one investment by exchanging it for another. Use a stop-loss order: A stop-loss order is used to limit an investor’s loss in the event of an unfavorable move in a security position. If you utilize a stop-loss order, you don’t have to monitor your holdings on a daily basis. A stop loss is an investor’s best friend. Make a note of it and follow through on it. When investing, you’ll want to know when to withdraw your money if things don’t go as planned. Set a target: Take-profit orders are useful for short-term traders who want to manage their risk. This is due to the fact that they can leave a transaction as soon as their predetermined profit target is fulfilled, so avoiding the risk of a market collapse. Such orders are disliked by long-term traders since they lower their profits. Use numerous exchanges: To minimize risk in cryptocurrency trading, I use multiple exchanges, hardware wallets, and invest in a variety of narratives (Oracles, Defi, or insurance). To reduce risk, only trade when truly powerful patterns appear or when a coin has reached its bottom. Fundamental and technical analysis: When it comes to investing, I prefer to concentrate on currencies that have excellent fundamentals. I only invest in response to news or other occurrences on rare occasions. If I decide to invest, I will conduct a technical analysis as well. I take into account things like where the currency is in its life cycle. Is there a pattern to the trading? There is support and resistance for the coin, as well as recent price history, news, and upcoming events. If I invest in fundamentally sound coins, I can remain calm even if the price fluctuates dramatically since I know it will eventually rise. ENJ vs. Other Cryptocurrencies: Enjin (ENJ) vs. Ethereum (ETH) Enjin is a software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea behind Enjin is to manage in-game items across many different properties by using blockchain technology. It helps to reduce the high gas fees and fraud that have plagued the transfer of virtual in-game goods and collectibles. On the other hand, Ethereum is a technological blockchain that is home to many cryptocurrencies and applications. Enjin is also based on the Ethereum blockchain. Everyone can use it to make applications, cryptocurrencies, NFT platforms, and much more. It is an open-access digital money and data-friendly service for everyone. Enjin (ENJ) vs. Bitcoin (BTC) Enjin is a blockchain-based gaming platform that has combined non-fungible tokens (NFTs) with the gaming industry. Game developers can use the Enjin platform to create video game items in the form of NFTs, a new way for game designers to earn profits. Furthermore, players can also benefit from selling these in-game items on the NFT marketplace in Enjin. On the flip side, Bitcoin uses peer-to-peer technology to manage transactions and issue new bitcoins without a central authority or banks. The network as a whole is in charge of these tasks. Anyone can participate in Bitcoin because it’s open-source and nobody owns or controls it. Several Bitcoin’s unique qualities enable it to be used in ways no other payment system has been able to. Enjin (ENJ) Price Predictions: Where Does ENJ Go From Here? The year 2023 can be Enjin’s year if everything goes right. According to CoinGecko, the cryptocurrency currently holds the 92nd position, in terms of market capitalization, with a market capitalization of $440 million. As of writing, the Enjin crypto is accumulating around $0.42 level. This came amidst a pretty strong 2023, that ENJ saw for itself. ENJ started the year at the $0.242 level and has come a long way since then when it comes to the returns in store for the investors. Seeing its bullish start to 2023, and collaborations with behemoths like Samsung and Microsoft the sentiment for ENJ is certainly positive. Meanwhile, looking at the technical side of things, the chart above shows three major aspects that might affect a crypto’s price in the longer run. The Relative Volume (RVOL) of Enjin, showcases how the current trading volume of ENJ has changed over time, from the previous trading volume of the preceding period. The RVOL currently lies below the cutoff line, indicating weak participants in the ongoing trend of cryptocurrency. Apart from this, another method to figure out a crypto’s price forecast is to look at its moving average (MA). The chart shows that the Moving Average for the crypto lies above 50 MA which shows a clear uptrend. Enjin (ENJ) Price Prediction for 2023 After a major uptrend stint for ENJ at the beginning of the year, it is believed that the crypto might climb further in its value. The price for ENJIN is predicted to see an unprecedented rise in the second half of the year. It will see the price of ENJ reaching $0.662 levels. The rise in ENJ’s valuation will be gradual, with no sudden shocks, barring the ones due to any unforeseen external, or geopolitical factors. The price of ENJ might average $0.618 levels, and a minimum value of $0.529 is expected. Enjin (ENJ) Price Prediction for 2024 Moving on to 2024, the price for Enjin (ENJ) might see another round of uptick and has scope for expansion. As a result of various projects lined up for ENJ, and on the basis of the response to the developments made in 2023, Enjin might be able to gain some value. Hence, it can be anticipated that the price of ENJ might surpass $1.10 levels. Furthermore, 2024 will see the price for ENJ averaging at $0.88 with an average trading price of $0.971 levels, along with a minimum trading price of $0.883. Enjin (ENJ) Price Prediction for 2025 If Enjin (ENJ) is able to replicate and further carry the momentum it receives in 2025, we can see the crypto reach $1.55. In case of an overall negative sentiment in the crypto market, or some external events, the minimum price for ENJ is stipulated to be around $1.32 with an average price of $1.32 in 2025. Enjin (ENJ) Price Prediction for 2026 The price for ENJI in 2026 and beyond depends primarily on its previous years’ performances and the degree of usability it is able to integrate into its network. ENJ is expected to be around $1.99 in 2026, with a minimum price of $1.77 and an average price of $1.85. Summary Enjin is a blockchain-based gaming platform that has combined non-fungible tokens (NFTs) with the gaming industry. Game developers can use the Enjin platform to create video game items in the form of NFTs, a new way for game designers to earn profits. Furthermore, players can also benefit from selling these in-game items on the NFT marketplace in Enjin. Additionally, each in-game item created on the Enjin platform has real intrinsic value as it costs Enjin tokens to mint an NFT on the network, which is then locked into the gaming NFT. Gamers can also decide to melt/delete their NFTs, which will recover the Enjin tokens locked in the NFTs. If you’re ready to take the plunge to get in on the action, you can complete your crypto journey using our recommended broker, eToro. It only takes three minutes to get your account set up and ready to purchase Enjin (ENJ) using Bitcoin you buy on eToro and then transfer to Binance, which allows you to margin trade Enjin (ENJ). You should also remember the following: Investing in and trading Enjin (ENJ) necessitates extensive research and effort. Enjin (ENJ) is a high-risk investment. Invest just what you can afford to lose. Only use registered brokers and exchanges when trading or investing. You should also consult review sites and online specialists for their thoughts on Bitcoin. eToro - Our Recommended Crypto Platform Our Rating ASIC, CySEC and FCA regulated - 30 Million Users Worldwide Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort Free Demo Account, Social Trading Community Free Secure Wallet - Unlosable Private Key Staking Rewards for holding ETH, ADA or TRX Copytrade Professional Crypto Traders Buy Crypto 81% of retail investor accounts lose money when trading CFDs with this provider. FAQs Any risks in buying Enjin (ENJ) now? There's always risks in buying digital assets. The major risk is in the possibility of Enjin (ENJ) price falling off the cliff or the asset becoming totally worthless. Should I buy Enjin (ENJ)? If all markets turn positive, Enjin price is poised to smash through all boundaries and perform spectacularly, climbing to a new all-time high. It would undoubtedly show indicators of fortune for its investors if it exceeded all limitations over the next year. According to our technical analysis and ENJ price prediction, this year could be the benchmark year, as the exchange value of Enjin Coin is expected to exceed $30 by all means. But again, a good trader will do his own research before entering into the market. Where can I spend my Enjin (ENJ)? Enjin (ENJ) is still not as widely used as Bitcoin. However, there are an increasing number of stores that are now accepting it. In any case, you can always convert Enjin (ENJ) into other cryptocurrencies like Bitcoin, Ethererum, or Tether to make payments online. Is it safe to buy Enjin (ENJ)? Enjin coin had its ICO in 2017, and it was a remarkable entry into the market as it raised as much as $23 million in just 24 hours of launch. The coin went live on the market in 2018 with a rate of 6,000 ENJ per ETH token. In terms of the US dollar, ENJ began its trading at about $0.02. The maximum total supply of Enjin coins is 1,000,000,000 ENJ/1 Billion ENJ. eToro is a professional and leading trading platform in the US, and the listing of ENJ on this gave a significant boost to its price, which drove it to its ATH level. Will Enjin (ENJ) ever hit $30? According to our technical analysis and ENJ price prediction, this year could be the benchmark year, as the exchange value of Enjin Coin is expected to exceed $30 by all means.