Enjin Crypto Wallet Setup Guide
Viewing on computer is recommended
The Enjin Crypto Wallet is arguably the most secure and easy-to-use phone wallet on the market while also being one of the most versatile. It’s becoming so mainstream that even Samsung has partnered with Enjin to implement the wallet on the new Galaxy S10 phone.
A crypto wallet is not like a normal app like Google Pay or PayPal. Traditional currencies are stored on your account by banks, which means you can always get help from your bank if your funds get stolen or you’re locked out of your account.
This is not the case with crypto wallets!
Here, your account is tied to what’s know as a Private Key — a unique string of numbers and letters — which is encrypted with a password.
No one, not even you, can access your wallet without the password or backup, neither can Enjin. Enjin has no access to your wallet or its contents.
This means that if you lose your password and backup you’re on your own. No support. Nada. Learn more about blockchain and how it works in this video.
But don’t let the new tech scare you. Installing and backing up your wallet is pretty easy.
Just follow these 15 steps — from setup & receiving to sending & exchanging:
Go to www.enjinwallet.io to get the app for Android or iOS.
Open the app and press create wallet.
Accept the terms…
Choose a strong password.
I recommend a long phrase that is still easy for you to remember and type.
Your password is also used to confirm outgoing transactions.
Select how many sub-wallets (also called addresses or public keys) to add to your main wallet.
In the crypto world, many currencies operate on their own network/blockchain, meaning they need seperate wallets.
Bitcoin, for example, operates on its own blockchain which means you cannot send anything other than Bitcoin to your Bitcoin address. Well… you can, but it will be lost forever.
Enjin Coin (ENJ) is built on top of Ethereum (ETH), so in this app both your ENJ and ETH wallets share the same address.
Enjin Coin, Bitcoin, and Ether will cover you in 99% of cases, but you can always add more later on.
Hit “Create Wallet.”
This is your new wallet!
Let’s secure it.
Hit “BACKUP” and type your password.
The wallet will show you 12 random words that you have to write down (it won’t let me take a screenshot of this).
These 12 words are called a “seed phrase” and serve as a kind of unikey — anyone with access to your 12 words can unlock your wallet from their own device.
Security comes in many levels. As a rule of thumb you shouldn’t care too much about it if you don’t plan on having a lot of money on the app.
However, if you know that you will keep a considerate amount on the wallet I recommend writing the 12 words down on two pieces of paper — one that you keep close by and one that you keep somewhere hidden just in case your house burns down…
For extra security you can even engrave them onto a piece of metal and bury it in your garden. 🔐🔐🔐
Click on “ETH”.
Here’s what an ETH wallet with ingoing and outgoing transactions looks like.
The purple $ value is how much 1 ETH costs and the black $ value is how much you’ve got in your account.
Unlike traditional currency it’s quite possible to send 0.123456 of a cryptocurrency, as long as you have enough of it left to pay for the transaction fee.
The transaction fee (called gas) will vary from hour to hour and day to day — it’s not paid to ethereum.org, but instead to the thousands of computers which run 24/7 and make up the decentralized network, confirming new transactions every few seconds.
The fees and transaction times increase when there are more pending transactions than there is computational power to confirm them.
Press “Receive” in the top bar.
This is your public key (address), or “addy” for short. You copy/paste this to the people you trade with.
Note: Your ETH address is the same as your ENJ address because ENJ is built on top of Ethereum. That’s why you must also pay gas with ether when sending ENJ.
If you don’t know how to buy ether in the first place or if you need help with anything else, please head over to my Telegram support group and ping me or one of our admins: @andreashauser, @O00ops, @rafaelrxn.
We will make a detalied guide on this soon.
Now go back to the main screen and hit “Send.”
Copy/paste the receiver’s address into the first field.
Write the amount you wish to transfer.
Adjust the Sending Fee slider to your preferences.
As of today the transaction speed is at around 10–20 seconds on the slowest setting. However, during peak hours or seasons it might take 10–20 minutes and sometimes more than an hour to send.
All transactions are put into a queue for the decentralized network to confirm. Paying a higher fee to these computers lets them know that you are in a hurry and that they should prioritise your transaction over others’.
Double check the receiving address.
You can do this easily by looking at the first 3 and last 3 digits— FEb & d7A.
“0x” is default for every Ethereum address.
Press “Send Now” when ready and type your password.
You can now see that your transaction, or TX, is pending.
If you click on it you will also be able to see which address it was sent from and to.
The receiver can see exactly the same information as you can— and so can anyone else for that matter.
Try heading over to https://enjinx.io/ and search for your own address, or the one I used here:
You’ll be able to see anything that’s ever been sent to and from this address, as well as its full portfolio of Ethereum-based tokens.
Now go back to the home screen and click the menu icon in the upper left corner.
go to “COLLECTIBLES.”
Here you’ll be able to see all of your in-game items and other things like artwork, gift cards, certificates, and so on.
It will of course be empty until you receive your first collectible.
The “1 ENJ,” “2 ENJ,” and “15 ENJ” are the total ENJ values of items in that folder. More on that later.
Let’s look at “Changelly Collectibles.”
(You won’t see this if you don’t have any)
Here we have a Major Tom from the recent Changelly + Enjin partnership giveaway.
MELT refers to the ENJ value (not the actual trading value).
Clicking MELT will destroy the asset and give you the ENJ value in your ENJ instead. Be VERY careful with this! Some items are super rare and cannot be re-created once melted.
Sending collectibles functions in the same way as sending ether or Enjin Coin.
At the bottom you’ll notice that there are a few extra fields. These are different from asset to asset and we’ll go through them all here:
- ENJ value of 1
The combined melt value of all my Major Toms.
- ENJ per item: 1
I only have one Major Tom.
- Transfer fee type: None
Developers can set a TX fee so that they automatically receive whatever the fee is every time the token changes hands.
- Supply model: Collapsing
The total supply can never be re-created.
There are two additional supply models:
- Fixed: Copies of this item can be re-created up to the total supply figure. Handy if the developer wants to avoid accidental melting of super rare items.
- Infinite: Infinite copies of this item can be created.
Total supply: 9989
Because the supply is not Infinite, there can only ever b 9989 copies of this item.
Circulating supply: 1639
How many tokens of the total supply that are in circulation.
Token ID: 700000000000039c
Searching for this ID on enj1155.com will show you the item’s full details plus all addresses currently holding that item.
Go back to the menu and hit “EXCHANGE.”
This feature is available due to the Changelly partnership mentioned before.
Changelly is an aggregation trading platform that works similarly to services like SkyScanner.net — it takes the cheapest conversion rates from several sites and lets you choose which one to use.
Try exchanging some ETH to ENJ.
Choose the currency to convert from and to, then type in the amount.
Remember to leave a nominal amount to pay for gas fees. As of today this fee is about 0.0005 ETH, or 0.05 USD.
Now scroll down in the app and choose the best exchange rate.
Checking this manually would be a real pain as these rates change constantly, so Changelly’s service is highly appreciated!
Click Convert “with…”
Bam! You now have some ENJ to use in all upcoming games on Enjin’s platform. :)
If you have any further questions we welcome you in our small but growing Multiverse101 community, the Multiverse Army! 😁