Enjin Wallet Review: Fees & Safety
Enjin Reviews
4,5 * Based on our analysis
Wallet Type:
Compatibility:
IOS, Android
Key Facts/Essentials:
Supported assets:
BTC, ETH, LTC, BNB, DOGE, DOT, KSM, and ERC-20 tokens, as well as ERC-721 and ERC-1155 blockchain assets.
Price: Free
Security:
What Is Enjin wallet?
Enjin Wallet is a mobile cryptocurrency wallet designed to store a range of top virtual assets and also digital currencies with huge future growth potential.The developers call it the smartest wallet in the world.The wallet was created in 2008 and is registered in Singapore. It supports many cryptocurrencies, including tokens created under the ERC-20 standard. It also has its own cryptocurrency under the acronym ENJ.
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Review Summary
Feature | Total Rating |
|---|---|
Ease of Use | 5 |
User Interface | 5 |
Features | 4,5 |
Security | 5 |
Support | 5 |
Advantages and disadvantages
Advantages | Disadvantages |
|---|---|
About the wallet
Enjin Wallet is a secure and easy-to-use mobile cryptocurrency wallet. It is extremely easy to use and contains advanced features such as a Dapp browser, QR code scanner and cryptocurrency exchange.
Enjin, the company that created the wallet, was founded in 2009 in Singapore. The wallet was created in January 2018. Since then, serious work has been done to improve the security and increase the number of features of the product.
Enjin is an HD wallet that applies the BIP-44 standard. It is used to conduct transactions with more than 700 cryptocurrencies and thousands of exchange pairs.
Enjin wallet supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), Binance Chain tokens (BEP2) and all Ethereum-based tokens: ERC-20, ERC-721 and ERC-1155.
Enjin Wallet security
The wallet gives you full control of your private keys. You can always recover your wallet funds on any device using a 12 word passphrase. The source code of the wallet is private.
Enjin Wallet offers best-in-class security for mobile wallets:
The Enjin team has developed special countermeasures against hackers. All private keys are double-encrypted, so even if hackers steal a file, it cannot be decrypted. In addition, Enjin's special keypad counteracts keyloggers by securing the decryption process on the device. Finally, Enjin used custom libraries to erase the private key from the device's memory after sending the transaction - unlike other mobile wallets.
Extensive independent security audits and penetration testing were also conducted. The audits did not reveal any vulnerabilities in the application system. At the same time, there have been no reported cases of hacking since the wallet's inception.
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How to use Enjin Wallet
How to download Enjin Wallet
Please note that the client only works on iOS and Android mobile gadgets. First you need to download Enjin Wallet app from AppStore or Google Play.
Create wallet
There are a few simple steps to create a wallet:
Adding custom tokens
Before adding, you must have token details (token contract address, token symbol) ready. Find these details at https://etherscan.io
Sending and receiving funds
Sending and receiving money in Enjin Wallet is standard for similar wallets:
Watch only mode
When creating a wallet you can select watch only mode by importing your cold or hardware wallet address.
In addition to the basic functions, it is also possible to purchase cryptocurrencies for fiat money and exchange them with each other. The functionality is implemented through several services: changelly, Kyber Swap, Bancor and COINSWITCH.
Users can use the built-in browser to quickly and securely access the services and products of Enjin and its partners. A variety of collectibles are also available.
Enjin Coin cryptocurrency
Enjin Coin (ENJ) is a companion cryptocurrency, an ERC-1155 standard token.
The platform operates on smart contracts and enables developers, content creators and community organisers to use a host of new tools to manage virtual commodities. In the next few months, the tokens will be fully integrated into the Enjin system - in particular, everyone will be able to use game plugins, wallets, virtual item management tools, and payments.
Enjin ecosystem
With the Enjin wallet you can receive, send or store NFTs. NFTs can be collectibles or gaming assets.
One of the key features of the Enjin Wallet is the ability to link the wallet to various video games. So, along with the ability to send and receive, scan QR codes, players can receive NFT tokens representing various game items and import them into various video games.
This allows players to actually own digital assets - the items are not stored centrally in databases, but in the Ethereum blockchain.
Enjin Wallet Social Media
Conclusion
Enjin wallet has many positive aspects, which made it quite popular among cryptocurrency users. The wallet has only one disadvantage: the wallet's source code is closed.
Enjin Review Summary
We have analyzed key features of Enjin based on 3 important criteria for choosing crypto wallet:
- Trustworthy
- Usability
- Number of coins
Based on researches and our own tests, we have made an independent rating.
