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Enjin Wallet Review: What To Know

Enjin Wallet can be used with crypto assets that are closely connected to the gaming sector. It is entirely focused on the game economy. Enjin Smart Wallet has some of the best security features. This is primarily due to its unique features such as an intuitive UI and log in with just a fingerprint. The wallet is also equipped with top-notch security measures such as RAM and AES256 encryptions that are NSA-grade. This Enjin review will cover it all.

What is Enjin Wallet?

Enjin wallet is a mobile cryptocurrency wallet that is secure and simple to use. It’s extremely simple to use, and includes advanced features like a dApp browser and QR code scanner.

Enjin, which created the wallet in Singapore, was established in 2009. The wallet was launched in January 2018. Since January 2018, serious work has been undertaken to improve security and expand the features of the wallet.

Enjin is an HD wallet which follows the BIP44 standard. It can be used to transact with over 700 cryptocurrencies as well as thousands of exchange pairs.

Enjin Wallet Supported Cryptocurrencies

Enjin allows storage of Bitcoin (BTC), Ethereum, Litecoin and other Ethereum-based altcoins. The wallet can be used to store all ERC 20 tokens, ERC 721 tokens, and ERC 1155 tokens. ERC 223 tokens can also be stored in the wallet. These can then be sent to your Enjin wallet’s ETH address. This is possible due to the backwards-compatibility of ERC 223 tokens with ERC 20 tokens.

Enjin Wallet Design and Interface

The Enjin wallet is simple and intuitive. You can also easily switch between viewing your cryptocurrency balances and the equivalent in local fiat currency. This allows you to quickly see how much your portfolio is worth.

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It is also possible to create additional wallets. You can easily create additional wallets for different purposes.

One minor complaint about Enjin could be that there is a difference between the balances at the top and bottom of your cryptocurrency wallet. This is the correct balance. This does not impact your wallet usage, but you should be aware and accept the fact that there is a bug.

Enjin compensates for this by having a clean interface and unique functions that are not found in other software wallets. The Enjin wallet is much more than just a great software wallet, as you will see. Enjin’s entire gaming ecosystem is not limited to the wallet. The wallet offers additional features, such as a QR code scanner and wallet for in-game collectibles, and a marketplace to trade these collectibles.

Enjin Wallet Useability

The Enjin wallet is incredibly easy to understand. It is simple and easy to use. The wallet was designed by developers who saw how the market works. They realized that not all its users were players and did not want to be flooded with unnecessary functions.

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You can choose to add or create a new wallet by setting up your wallet.
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You can add another wallet, such as an Enjin or TREZOR, if you choose. It works with the existing wallets. This way can be thought of as both a cryptocurrency operator, and an investor.

Security

You have full control over your private keys with the wallet. With a 12-word passphrase, you can recover wallet funds from any device. The source code for the wallet is confidential.

Enjin Wallet provides the best security for mobile wallets.

  • Two-tiered encryption. AES software and hardware encryption are used at the lower level and the application level, respectively.
  • Secure keypad: This secure keypad prevents keyloggers from gaining access to your mobile device in order to steal data. You can also randomise it to increase security.
  • Screen shot blocking and RAM encryption are features of the wallet’s operating system that restrict screenshots and video recording. Transactions are executed in a safe RAM environment at the memory level.
  • Enjin Wallet has custom libraries. These libraries remove the private keys from the device’s storage after being used, significantly reducing the chance of an attack.
  • Protection against processor vulnerabilities: Special code for fixing flaws (e.g. ARM processors: meltdown and spectre
  • Security check: The ORU security team found no security problems that could be used to hack the wallet or cryptographic key stored in the system. (full security report available here).
  • Samsung Blockchain Keystore Support: Enjin supports Samsung Blockchain Keystore in order to protect private keys inside Samsung’s military-grade Knox security systems.

Special countermeasures have been developed by the Enjin team to combat hackers. Every private key is double-encrypted so that even hackers can’t decrypt a file. Enjin’s unique keypad prevents keyloggers from stealing files. It also secures the decryption process. Enjin also used custom libraries to wipe the private key from the device’s storage after sending the transaction, unlike other mobile wallets.

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Penetration testing and extensive independent security audits were also performed. These audits didn’t reveal any vulnerabilities in the system. Moreover, no hacking incidents have been reported since the inception of the wallet.

Enjin Wallet Transaction Fees

You ‘pay’ miners for the processing of the transactions that you wish to. The amount you pay for taxes will determine the speed at which the information is projected onto the blockchain. Enjin dynamically calculates them, which allows for optimal actions. To send tokens, enable the “Advanced Mode” and choose from the Safe Low (transaction confirmation takes about 30 minutes) or Standard gas (transaction verification within minutes) fields.

Enjin Ecosystem

The Enjin wallet allows you to send, receive and store NFTs. NFTs are collectibles and gaming assets.

The Enjin Wallet allows you to link your wallet to multiple video games. Players can send and receive QR codes and scan them to receive NFT tokens. They can also import various items into their games.

This allows players to own digital assets. The items are not centrally stored in databases but are kept in the Ethereum blockchain.

Conclusion

Enjin Wallet review concludes that this wallet is the perfect app for anyone who uses a smartphone to access crypto. It’s lightweight, secure, and can deal with many coins and tokens. You can trade with three exchanges built in, which expands your trading possibilities even further. This is an excellent tool for beginners, as it has an intuitive interface.

An alternative to Enjin is available, that is Bread Wallet. It’s a reliable, simple mobile app that is compatible with both Android and iOS devices. These assets are very similar in nature to those Enjin uses. BRD offers more security than average and has an intuitive user interface that is perfect for beginners.

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