Enjin isn’t a cryptocurrency you will likely have come across very often. In fact, because its primary purpose is to act as a guarantee backing non-fungible tokens, it is more of a gaming asset than a true cryptocurrency. Does this mean that you can’t use it to gamble at crypto casinos, though? Not quite.
Join us as we explain how crypto casinos make use of ENJ and what you can reasonably expect if you want to go down this road. To begin with, let’s showcase a handful of top crypto casinos that are known to accept Enjin as a deposit option.
Enjin Coin (ENJ)
Enjin was created in Singapore by Maxim Blagov and Witek Radomski. It has been built using the ERC-1155 token standard. Despite its relevant recent appearance in online gambling circles, Enjin has a history that can be traced back to 2009. However, it didn’t start getting involved in the gambling world until at least 2017, if not later.
As touched on, Enjin is a cryptocurrency that works as a backer for NFTs. An Ethereum-based cryptocurrency, this token is used to back gaming assets, digital art, music tracks, and sports collectibles for the most part. Basically, it is used to garner trust in NFTs by backing them with a digital value, namely in ENJ, Enjin’s cryptocurrency.
Because of this, Enjin isn’t widely accepted in the online casino world. However, it can still be found and used at selected sites. The Ethereum token upholds the value of assets but can also be used as an in-game currency at those casinos. In practice, you would deposit using conventional cryptos or ENJ at betting sites, then have that converted into another option for gameplay.
Enjin casinos are online casinos that support deposits and withdrawals made using ENJ. As mentioned, these are in short supply, and you’ll arguably have greater luck finding casinos that operate in the metaverse, where NFTs and ENJ have more prominent roles when it comes to gambling. In practice, Enjin can be used in much the same way as any ERC-1155 token can at crypto casinos.
Because of a scarcity of crypto casinos accepting Enjin, it isn’t really rated highly by casino software providers, at least not to a degree where they would make their games ENJ-friendly. Therefore, most of the titles where you can actually wager with ENJ tend to be in-house affairs. It is far more likely for crypto casinos to convert your ENJ deposit into another cryptocurrency or use it to back their own proprietary tokens for gameplay.
The list of advantages of playing with ENJ at crypto casinos is short. Even so, we’ve detailed them for you below.
Because Enjin uses the ERC-1155 standard, it is entirely possible that crypto casinos may accept it as one of several tokens. In fact, it works in the same way at crypto betting sites as any other Ethereum-based token and coin.
ENJ is far more widely used in the online video gaming sector, but it has a decent footprint in the metaverse. Therefore, if you want to bet on metaverse casinos, particularly those that thrive on NFTs, metaverse/NFT betting sites are ideal for Enjin users.
There are just as many disadvantages of using Enjin at crypto casinos as benefits, and these include the following:
Enjin isn’t a particularly popular cryptocurrency. Or rather, it isn’t widely available at most cryptocurrency casinos. Therefore, you might struggle to come across it at today’s most reputable casinos.
Again, because of its lack of use and widespread availability, most crypto casinos that accept Enjin don’t have an array of ENJ-friendly games for you to play.
If you insist on playing with ENJ online, then be sure to choose an Enjin casino based on the following perks:
If you want to play with ENJ deposits online, here are the top sites you should consider:
To start betting with Enjin, you must first obtain it. Here are the steps you need to take to do that:
ENJ is hardly one of the leading crypto tokens you can find online. Therefore, Enjin casinos are only ideal if you already frequently use and invest in ENJ, to begin with. There are other cryptos out there that are much more accessible and versatile for online gambling.
In fact, only a handful of casinos accept Enjin as a deposit and withdrawal method.
We didn’t see any indication that live dealer games can be played with ENJ.
Again, we didn’t see any such bonuses available, but if a site accepts Enjin, there is always that possibility.
Yes. Enjin is an Ethereum-based crypto token and comes with all the usual protections an ERC-1155 standard token provides.
Withdrawals may be, but there is likely to be a small charge for processing payments from your wallet to an ENJ casino site.