Buy Enjin Coin
in New Zealand

Trusted by Enjin Coin buyers, you can buy and trade Enjin Coin in New Zealand and 100+ countries on Blocktrade without any fees easily. 

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Learn More about buying ENJ in New Zealand

How to buy Enjin Coin in New Zealand

Is ENJ a good investment in New Zealand?

Enjin is an IT company in Singapore that was founded in 2009. This company is one of the biggest gaming platforms. Enjin helps more than 20 million gamers create communities around their favorite games. Enjin Coin is a blockchain-based cryptocurrency designed to facilitate contracts in the video game industry. This platform is built on the Ethereum blockchain by Enjin. This video game community and platform enables the development and exchange of digital goods. The forum is broadly aimed at the decentralized video game industry and has been able to engage a lot with founders who are looking to get seriously involved in the video game industry. The Enjin ecosystem acts like a software through which users can develop and expand virtual products on the Ethereum network. Moreover, users can create digital assets for themselves and transfer it to other apps or games. These assets are even customizable. This ecosystem has a native cryptocurrency so that users can employ this token in order to use platform services. The name of this token is Enjin Coin (ENJ).

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What is Enjin Coin ?

The abbreviation symbol of a digital currency is the symbol by which the cryptocurrency is traded in the digital currency market. The abbreviation of Enjin Coin is ENJ, you can easily search this coin by typing this symbol in the cryptocurrency search bar on any exchange.

Read more about this coin on Enjin official website.

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Is Enjin Coin legal to buy in New Zealand?

Yes, buying and owning cryptocurrency is legal in New Zealand. The country has taken a
supportive approach to cryptocurrencies and has set guidelines for the use and exchange of
digital assets. The Inland Revenue Department considers cryptocurrencies to be a form of
property for tax purposes and requires individuals to pay taxes on any gains made from their
sale.

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Is Enjin Coin taxed in New Zealand

Yes. According to The Inland Revenue Department (IRD) of New Zealand’s provided guidance
on the tax treatment of cryptocurrencies, cryptocurrency is considered property for tax
purposes. This means that any gains made from the sale or exchange of cryptocurrency are
subject to capital gains tax. Additionally, in New Zealand, if you acquire cryptocurrency with the
intention of selling it in the future, your gains from the sale or exchange of these assets are also
considered taxable income and are subject to the same tax rates as your other income. This
applies to profits from trading, exchanging, selling, or disposing of cryptocurrency, as well as
income received from cryptocurrency mining, staking, and airdrops. The tax rate for
cryptocurrency gains in New Zealand is based on a progressive tax system, with rates ranging
from 10.5% to 39% depending on your total taxable income.
The Inland Revenue Department of New Zealand has also provided information on how to
report and pay taxes on cryptocurrency transactions. It is advisable to seek professional tax
advice if you have questions about how your cryptocurrency transactions are affected by New
Zealand tax laws.

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After you've bought Enjin Coin in New Zealand

Generating blockchain assets with ENJ token has various benefits for creators and users, including: injecting a store of value into assets, ensuring transparency and scarcity, providing instant liquidity, application in games and apps, and anti-inflation. Enjin Coin allows users to manage and store virtual gaming products such as character accessories or in-game currencies. Users can also earn ENJ tokens by selling their NFTs. Enjin Coin is used as a currency to buy, sell and trade non-equivalent tokens. This currency is also used to create, manage and destroy in-game items. Developers can issue custom tokens, unique items, or reward tokens powered by Enjin Coin.

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Who can buy Enjin Coin in New Zealand?

In New Zealand, anyone over the age of 18 and who has a valid government-issued ID can buy
cryptocurrency. There are no restrictions on who can buy cryptocurrency in New Zealand, but it
is important to note that all cryptocurrency transactions are subject to anti-money laundering
and counter-terrorism financing laws. This means that individuals and businesses must comply
with certain identification and verification requirements. Plus, when it comes to purchasing
cryptocurrency, using a cryptocurrency exchange is the most convenient option. Our exchange
specially allows you to exchange fiat currencies for cryptocurrencies through various payment
methods, such as Apple Pay, Google Pay, credit card, debit card, bank transfer, and PayPal.
Our exchange also offers these payment options with no exchange fees while ensuring secure
transactions.

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Buy Enjin Coin at your ease

Payment methods to buy Enjin Coin in New Zealand

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

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Just 3 easy steps to your first investment in Enjin Coin

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your account

Make your first
deposit

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investment journey

FAQ

Frequently asked questions

The Enjin project has provided developers with the ability to build and manage virtual products on the Ethereum blockchain. The purpose of this platform is to manage items in games. Enjin has achieved this goal by reducing transaction fees, overcoming duplication and copying of content, and eliminating fraud. Millions of transactions are done monthly in the marketplace of this platform and by providing real ownership of virtual products to their holders, it has brought users a seamless experience of working with ENJ digital currency. In both the cryptocurrency and NFT industries, Enjin is a pioneering project. Enjin Coin is a cryptocurrency with a smart and promising future. It can dominate the cryptocurrency market as it rides the crypto wave, giving it a long reign as a form of payment.

Yes. According to the Tax Guidance information provided by The Inland Revenue Department
(IRD), In New Zealand, if you use cryptocurrency to purchase goods or services, it is considered
a barter transaction and is subject to goods and services tax (GST). The GST rules apply to the
value of the goods or services being provided, regardless of whether they are paid for in fiat
currency or cryptocurrency. This means that the same amount of GST is payable on a

cryptocurrency transaction as on a transaction conducted in fiat currency. It is the responsibility
of the seller to charge and collect the correct amount of GST on the sale of goods or services,
and to report and pay the GST to the Inland Revenue Department (IRD). The buyer is also
required to keep records of cryptocurrency transactions for tax purposes.

The cheapest way to buy cryptocurrency in New Zealand may vary depending on a number of
factors, such as the amount you want to purchase, the type of cryptocurrency you want to buy,
and the payment method you choose. One of the most convenient ways to buy cryptocurrency
in New Zealand would be through our cryptocurrency exchange. Our exchange allows you to
buy cryptocurrency using various payment methods, such as bank transfer, credit card, Apple
pay, Google pay, Debit Card and PayPal. Some exchanges charge fees for their services but
our exchange has zero fees for buying and trading your cryptocurrency.

Enjin Coin can be purchased for less than a dollar. In this situation, the minimum purchase quantity that your exchange permits will likely determine the minimum amount of Enjin Coin you can purchase. In our exchange, the smallest payments start at $10.

The exact number of people who own crypto assets in New Zealand is not publicly available.
However, various reports indicate that the adoption of cryptocurrency is growing in the country,
with more and more individuals and businesses investing in and using digital currencies.
According to a survey conducted by the New Zealand Reserve Bank in 2020, around 5% of the
adult population in the country owns cryptocurrency. This represents a significant increase from
previous years, and suggests that the popularity and use of cryptocurrency is continuing to grow
in New Zealand. However, it is important to note that these figures may not reflect the actual
number of people who own crypto assets, as some individuals may not have disclosed their
ownership.

The Enjin team has developed their own wallet in order to ensure user security. Enjin Wallet is a digital currency wallet with high security and simple user interface, developed for the safe keeping of your Enjin Coin assets. Enjin Wallet uses two layers of encryption to protect users’ data and a safe keyboard. In this wallet, special codes are considered to prevent the penetration of hackers through the breach of processors with ARM architecture. Therefore, ORU’s security team did not find any loopholes in this wallet that could allow hackers to steal users’ private keys and assets. Furthermore, Enjin Wallet supports Samsung Blockchain Keystore under Samsung’s Knox military-grade security system to protect private keys.

Trusted crypto platform in New Zealand!