8 Ways You Can Buy Enjin Coin In Singapore

Last updated on October 30th, 2021

The Enjin blockchain provides a way of creating tokens that can be used across multiple video games.

You may be interested in buying the Enjin coin as you’re excited about the project.

There are a few crypto exchanges in Singapore that allow you to do so.

How to buy Enjin coin in Singapore

Here are 8 ways you can use to buy Enjin coin (ENJ) in Singapore:

1. Coinhako
2. Gemini (Exchange)
3. Zipmex
4. Crypto.com (App)
5. Crypto.com (Exchange)
6. Binance
7. Huobi
8. Coinbase

Platform	Direct From SGD?	Fees
Coinhako	Yes	0.8% – 1%
Gemini (Exchange)	Yes	From 1.49%
Zipmex	Yes	0.2%
Crypto.com (App)	Yes	None (But may  have large spread)
Crypto.com (Exchange)	No	Up to 0.16%
Binance	No	Up to 0.1%
Huobi	No	Up to 0.2%
Coinbase	Yes	3.99%

Coinhako

Coinhako is the most straightforward way of buying ENJ in Singapore.

This is because you can directly buy ENJ from SGD!

How to buy ENJ on Coinhako

Here are the steps that you’ll need to do to buy Enjin coin on Coinhako:

1. Deposit your SGD into your SGD wallet
2. Go to ‘Trade’
3. Look for ENJ and click on Buy
4. Select the amount of SGD you wish to use to purchase ENJ
5. Verify the transfer

#1 Deposit your SGD into your SGD wallet

To start buying crypto on Coinhako, you will need to fund your SGD wallet first. There are 2 ways you can do so:

1. Xfers
2. Direct FAST transfer

In the past, you could only use Xfers to deposit your funds into Coinhako.

Xfers acts as a middleman between the crypto exchange and your bank account.

However, you are now able to transfer your funds directly to your SGD wallet via FAST!

Don’t forget to include your unique deposit code in the comments section of the transfer. This will help Coinhako to match the deposit to your account!

You do not incur fees when depositing via FAST. Meanwhile you will incur a 0.55% fee for each deposit via Xfers!

FAST is the more cost effective way to deposit your SGD into Coinhako. However, it may take a longer time for your funds to be processed compared to Xfers Direct.

#2 Go to ‘Trade’

On Coinhako’s platform, you’ll need to go to the ‘Trade‘ section.

This is where you are able to buy and sell crypto on Coinhako.

When you are making any trade, you can’t determine the price that you wish to buy or sell at. Coinhako will try to match it to the prevailing market rate when you make the trade.

#3 Look for ENJ and click on Buy

You’ll need to scroll down to find ENJ, and then click on ‘Buy‘.

#4 Select the amount of SGD you wish to use to purchase ENJ

You will need to select the amount of SGD that you wish to use for your trade. The amount of ENJ that you receive will be based on the prevailing market rates.

Coinhako has a minimum of $0.50 SGD for each trade that you make.

For every trade that you make on Coinhako, you are charged a 1% fee.

However if you use the promo code ‘COINGECKO‘, you will reduce your fees to 0.8%.

Any small reduction in fees would help to increase your returns!

It is also possible to buy ENJ using your credit or debit card. However, you will be charged an additional 3% by Coinhako’s payment service provider!

It is really not worth the fees of using your debit card to make the trade, especially when FAST transfers are free!

#5 Verify the transfer

Once you’re done, you will need to verify your trade.

ENJ will be credited into your account when the trade is completed!

Verdict

Here are the fees that you’ll incur when trading with Coinhako:

Type of Fee	Amount
Deposit Fees	None (FAST), 0.55% (Xfers)
Minimum Trade Amount	$0.5
Trading Fees	1% for any trade (0.8% if you use the promo code COINGECKO)
Withdrawal Fee (SGD)	$2 per withdrawal

It is definitely more cost effective to deposit into your SGD wallet via FAST compared to Xfers. You will incur unnecessary fees if you do so with Xfers!

Another thing you’ll need to take note is the withdrawal fee of $2. If you are withdrawing out small amounts, it would not be worth this fee!

Overall, Coinhako has pretty high fees. However, the convenience of buying ENJ instantly with SGD helps to make up for it!

Gemini (Exchange)

Gemini is another platform that allows you to buy ENJ directly from SGD. However the fees can be quite high!

First, you’ll need to deposit your funds via Xfers first.

After that, you can use the Gemini Exchange to buy ENJ immediately.

Verdict

Here are the fees that you’ll incur when trading on Gemini’s Exchange:

Trade Amount (SGD)	Trading Fee (SGD)
≤ $15.00	$1.50
> $15.00 but ≤ $35.00	$2.00
> $35.00 but ≤ $70.00	$2.75
> $70.00 but ≤ $250.00	$4.00
> $250.00	1.49% of your Web Order value

It is definitely not worth trading any amount that is below $250 SGD.

Moreover, you can only buy ENJ from USD on Gemini’s Active Trader platform.

This is similar to AAVE only having a USD trading pair on Gemini too.

Although Gemini has a great user interface, it may not be the most cost effective option to buy ENJ from Singapore!

Zipmex

Zipmex is an exchange that was founded in Thailand.

It offers you the option to buy crypto directly from SGD, and charges rather low fees too!

Here’s what you need to do to buy ENJ on Zipmex:

1. Go to wallets and select SGD as the funds to deposit
2. Fill in the details of your deposit into Zipmex
3. Go to ‘Markets’ and select the ENJ/SGD trading pair
4. Enter the details of your trade

#1 Go to wallets and select SGD as the funds to deposit

You’ll need to deposit SGD into Zipmex first.

To do so, you’ll need to go to ‘Wallets‘,

and then select ‘Deposit‘.

You’ll need to select SGD as the currency you wish to deposit.

#2 Fill in the details of your deposit into Zipmex

You are required to enter some details so that Zipmex can process your deposit.

This includes:

1. Deposit amount
2. Account number
3. The bank you’re depositing from

#3 Go to ‘Markets’ and select the ENJ/SGD trading pair

After depositing SGD into Zipmex, you can start to use the trading platform.

You’ll need to go to ‘Markets’,

which will bring you to the trading platform.

At the left hand corner, you can select the ENJ/SGD trading pair.

#4 Enter the details of your trade

The last thing you’ll need to do is to enter the details of your trade.

You are able to make 2 different types of orders:

1. Market order
2. Limit order

You’ll also need to enter the following details:

1. The price that you’d like to buy 1 ENJ at
2. The amount of ENJ you want to buy

When your trade is processed, ENJ will be credited into your account.

Verdict

Here are the fees that you’ll incur with Zipmex:

Fee	Amount
Trading Fee	0.2%
SGD Withdrawal Fee	5 SGD

The trading fees on Zipmex are quite low!

However, the withdrawal fees are higher compared to other platforms.

This is a tradeoff that you may have to incur when trading on Zipmex.

Crypto.com (App)

Crypto.com is a platform that offers Xfers support. This does make trading crypto more accessible from Singapore.

However, you’ll still need to make at least 2 trades to purchase ENJ.

How to buy ENJ on Crypto.com

Here are the steps you’ll need to do to buy Enjin coin on Crypto.com:

1. Go to Crypto Wallet
2. Scroll down and find ENJ
3. Click on ‘Buy ENJ’
4. Select your payment method
5. Confirm the trade

#1 Go to Crypto Wallet

You’ll need to access your crypto wallet on the Crypto.com app.

This can be done by tapping on the central icon and going to ‘Crypto Wallet‘.

#2 Scroll down and find ENJ

If you don’t have any ENJ in your Crypto.com wallet, you’ll need to scroll down to find the currency.

It may take a while to find it, as Crypto.com does not have a search function!

#3 Click on ‘Buy ENJ’

You will be on the ENJ price page. You’ll need to tap on ‘Buy ENJ‘ to make the trade.

#4 Select your payment method

Similar to Coinhako, you cannot decide on the rate that you wish to buy ENJ at. Instead, it will be done at the prevailing market rate.

There are 3 payment methods that you can use to buy ENJ on Crypto.com:

1. Debit or credit card

You can use either a credit or debit card to purchase ENJ directly.

This would probably the most efficient way of buying ENJ. However, you will be charged a 3.5% fee if you’re from Singapore!

The fees are almost as expensive as buying from Coinhako.

Due to this high fee, it may not be worth buying ENJ using your credit or debit card.

2. Crypto wallet

If you have other cryptocurrencies in your crypto wallet, you can use this to trade for ENJ.

You can buy ENJ from CRO, BTC or USDT.

3. Fiat wallet

The final way that you can buy ENJ on Crypto.com is via a fiat wallet.

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

Investopedia

You can only buy ENJ from either a EUR or AUD fiat account.

However, you can’t use SGD to buy ENJ directly.

This is because there are only 8 cryptocurrencies that you can purchase from Xfers:

1. BTC
2. ETH
3. BCH
4. LTC
5. XRP
6. CRO
7. BNB
8. XSGD

If you want to buy ENJ with SGD, here are the steps that you’ll need to do:

1. Buy CRO or BTC from your fiat wallet
2. Purchase ENJ using CRO or BTC in your crypto wallet (method 2)

#5 Confirm the trade

When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.

Once you confirm the trade, ENJ will be credited to your account.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of Fee	Amount
Deposit Fees	None
Trading Fees	None
Withdrawal Fee	0.4% per withdrawal (Xfers)

The fees when trading with Crypto.com seem to be lower! However the spreads can be quite high.

A spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.

IG Trading

When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!

These costs can be hard to keep track, but it is something you’ll need to consider.

Crypto.com (Exchange)

If you are looking for a more cost effective way of buying other crypto using Crypto.com, you can consider using their exchange platform instead.

This platform is separate from the app, and you’ll need to create a separate account for it.

If you are interested in signing up for a Crypto.com Exchange account and stake at least 1,000 CRO, you can earn at least $10 USD worth of CRO!

For this exchange, you aren’t able to trade your SGD for any of the currencies.

Instead, there are 3 main trading pairs that you can use:

1. BTC
2. USDT
3. CRO

So how do you go about buying DOT on Crypto.com’s Exchange platform?

#1 Buy CRO directly from SGD

On the Crypto.com app, you can buy either CRO directly from your Xfers wallet.

The crypto will be credited into your Crypto.com app wallet.

#2 Transfer your CRO to Crypto.com Exchange

After you have received your CRO, you will need to transfer it to the Crypto.com Exchange platform.

The transfer between the app and the exchange platform is free.

On the currency’s page, you’ll need to go to ‘Transfer‘,

click on ‘Withdraw‘,

and then tap on ‘Crypto.com Exchange‘.

After selecting the amount, the CRO will be deposited in your Exchange account.

#3 Select CRO/ENJ as your trading pair

On the Exchange platform, you’ll need to go to ‘Spot‘,

and select CRO/ENJ your trading pair.

You can use BTC or USDT to trade for ENJ as well.

#4 Select the amount and make the trade

You can choose between 4 different types of trades on Crypto.com Exchange:

1. Limit
2. Market
3. Stop Limit
4. Stop Loss

After selecting the price and the amount that you wish to buy, you can make the trade.

One thing I do not like about Crypto.com’s Exchange platform is that you are unable to see the fee that you’ll incur.

Verdict

Is this process really worth all the hassle? Why not just make the trade between CRO and DOT in the app?

Here is the price of 1 DOT in CRO in the Crypto.com app,

compared to the prevailing market rate on the Exchange platform at around the same time.

You are paying about an additional 0.142 CRO for every ENJ that you buy on the app.

While this may seem very little, it will become significant if you are trading a large sum of money!

Moreover, you are able to select the price that you want to buy your ENJ at with a Limit order.

The trading fees start from between 0.10% to 0.16%.

If you are looking to buy ENJ frequently, this method may be slightly more cost effective compared to buying via the app!

Binance

Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.

You can’t buy ENJ using a credit card, nor directly from your SGD. As such, you’ll need to use the altcoin method to buy this currency.

First, you’ll need to buy crypto from another exchange, and then deposit it into Binance.

The best currencies to deposit are BTC or USDT. This is because they have the most trading pairs available.

When you deposit your crypto, you’ll need to make sure that the address you’re sending to is correct.

If not, your crypto may be lost forever!

You can consider using the Binance P2P platform too

Instead of sending crypto from another platform, you can consider using Binance’s P2P platform as well.

This platform allows you to buy crypto from SGD, such as:

1. BTC
2. ETH
3. USDT

Most of these currencies will have a trading pair with ENJ.

Using this method will help you to save on sending fees. However, you may fall prey to scams on the platform!

As such, you’ll need to be very careful with who you’re trading with on this platform!

Make the trade from your crypto to ENJ

After depositing your crypto, you’ll have to buy ENJ on Binance’s trading platform.

Here are the trading pairs that you can trade for ENJ on Binance:

1. ENJ/BTC
2. ENJ/USDT
3. ENJ/BUSD
4. ENJ/BNB
5. ENJ/ETH

After selecting your trading pair, you can start to determine the details of your order.

You’ll need to decide on:

1. The amount of BTC you want to trade
2. The price of ENJ you want to buy at

Once you make the trade, the ENJ will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading on Binance:

Type of Fees	Fee Amount
Deposit Fees	None
Trading Fees	Up to 0.1%
Withdrawal Fee	Depends on currency

The trading fees on Binance are as low as Luno Exchange!

However, it is also quite a hassle to buy ENJ on Binance if you’re from Singapore. If you send BTC to Binance, you will incur a withdrawal fee from the crypto exchange you’re sending from.

All of these fees will add up, and you may buy a much lower amount of ENJ than you initially expected!

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy ENJ on Huobi:

1. Deposit a cryptocurrency into Huobi
2. Select a trading pair with ENJ
3. Select the type of order you wish to make
4. Select the quantity of ENJ you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

The safest currencies to deposit will be either BTC or USDT.

#2 Select a trading pair with ENJ

After depositing your crypto, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

You’ll be brought to the exchange platform, which can be rather overwhelming.

You’ll need to find a trading pair with ENJ, which can be done at the left hand side of the platform.

There are fewer trading pairs on Huobi compared to Binance:

1. ENJ/USDT
2. ENJ/BTC
3. ENJ/ETH

You can choose to use USDT instead of BTC, but there are fewer platforms in Singapore that allow you to trade in USDT.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Market
3. Stop-Limit
4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

#4 Select the quantity of ENJ you wish to buy

After you’ve selected your order, you’ll need to select the amount of ENJ you wish to buy.

Once the trade has been executed, your ENJ will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of Fee	Fee Amount
Trading Fees	From 0.20%
Withdrawal Fees	Depends on currency

The fees are slightly higher compared to Binance. If you are looking for an exchange to trade your cryptocurrencies, Binance may be the better choice.

Coinbase

Coinbase only allows you to purchase ENJ via your debit or credit card.

However, Coinbase charges you a 3.99% credit card fee. This can be extremely hefty!

Verdict

Coinbase is the least cost effective way of buying ENJ in Singapore. You are charged a really high fee of 3.99%.

Moreover, you aren’t able to sell your crypto for SGD. You can’t withdraw from Coinbase in Singapore either, as they no longer support Xfers.

As such, you should only use this platform as a last resort!

Conclusion

The only 3 ways that you can buy ENJ directly from SGD include:

1. Coinhako
2. Gemini (Exchange)
3. Zipmex

Coinhako would be the better choice due to the lower fees (1% vs 1.49%).

For the other methods, you’ll have to make at least 2 trades before you can buy ENJ.

This may result in you incurring a lot more fees!

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Gemini Referral (Earn $10 USD in BTC)

If you are interested in signing up for a Gemini account, you can use my referral link.

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Crypto.com Referral (Get up to $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

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Here’s what you’ll need to do:

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Depending on the amount of CRO you stake on the Crypto.com Exchange, you are able to earn between USD $10 to USD $50!

Here are the amounts that you’ll need to stake to receive the bonuses:

Amount of CRO Staked	Referral Bonus You Receive
1,000 – 4,999 CRO	$10
≥ 5,000 CRO	$50

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