How to buy Injective Protocol | Buy INJ in 3 steps | finder.com

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How to buy Injective Protocol (INJ)

A beginner's guide to buying and selling INJ in the US.

How to buy Injective Protocol

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Injective Protocol.

  1. Open an account on an exchange that supports INJ.
    Most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Injective Protocol.
  3. Buy Injective Protocol.
    Complete your Injective Protocol purchase and then find the best wallet to store INJ.
The whole process can take as little as 15 minutes.
Disclaimer: This information is not advice to buy cryptocurrency, a recommendation for Injective Protocol or an endorsement of any particular provider or service. Talk with a financial professional before any investment or purchase.

What is Injective Protocol?

Injective Protocol is a decentralised exchange that allows users to trade on any derivative market of their own choosing without paying gas fees (using Layer-2 technology). Using Injective Protocol, individuals can trade on any market they choose including futures, perpetual swaps and spot trading. Cryptocurrency exchange Binance is Injective Protocol’s biggest investor and Injective was the first Binance Labs-incubated project to debut on the Binance Launchpad (public sale) platform.

The INJ token is the native coin for the Injective Protocol trading platform. You can use INJ tokens to propose and vote on aspects of Injective Protocol, for example the futures protocol, exchange parameters and protocol upgrades. You can also stake INJ tokens and use INJ tokens as collateral for accessing Injective’s derivatives markets. There are also plans to allow liquidity mining of INJ tokens.

Injective Protocol (INJ) is the 280th largest cryptocurrency in the world by market cap, valued at $168,342,881. The current price of Injective Protocol is $12.360, which is 1.307% higher than yesterday. Prices have ranged between $13.400 and $11.980 over the past 24 hours. All prices are listed in US dollars and accurate as of April 19, 2021 10:04 UTC.

Where to buy Injective Protocol

Find an exchange to buy, sell and trade INJ by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Injective Protocol coin price

Use our graph to track the performance of INJ over time.

Injective Protocol at a glance

Information last updated April 19, 2021 10:04 UTC.
Coin symbol INJ
Total INJ supply 100,000,000
Circulating INJ 13,508,281
Current price US$12.36
All time high US$18.010

Injective Protocol price performance over time

Historical prices compared with the price of US$12.36.

1 hour N/A
24 hours 1.31%
7 days -8.84%
14 days -8.57%
30 days -4.01%
60 days -12.89%
200 days N/A
1 year N/A

How to sell Injective Protocol

You can cash out your INJ with the same exchange you bought it through:

  1. Sign in to the exchange you have INJ on.
    If you store your Injective Protocol in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of INJ you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Injective Protocol.

What to consider when buying Injective Protocol

Investing in cryptocurrencies can be risky, so it’s important you understand the risks involved. Here are some factors to consider before buying INJ tokens:
  • Supply: Initially, the supply of INJ coins was capped at 100 million tokens. According to the Injective Protocol website, the inflation target for INJ tokens is 7% at the beginning and it will taper off to 2% over time. Over time, the total supply of INJ tokens may be less than the initial supply, due to buybacks and burns.
  • Staking: In March 2021, Injective Protocol launched Equinox Staking which allows INJ holders to lock up their INJ tokens in order to earn rewards. The baseline annual percentage yield (APY) for staking INJ tokens is 15% but you can earn up to 29%, according to the Injective Protocol blog.
  • Use cases. Other than staking, other use cases for INJ tokens include protocol governance, exchange fee value capture, derivative collateralization and liquidity mining.

Disclaimer: Cryptocurrencies, including Injective Protocol, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of INJ is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Injective Protocol or any other cryptocurrency discussed.

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