Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
How to buy Injective (INJ) in the UK
Learn how to buy Injective (INJ) on 8+ crypto exchanges in our step-by-step guide.
Injective (INJ) is the 91st largest cryptocurrency by market cap, valued at US$512,850,947.
Injective is a highly volatile asset capable of major price swings in a single day. Today INJ is trading for $6.4 USD, which is lower than yesterday's trading price of $6.48 USD. Over the past year, Injective's price has seen an increase of 213%.
So before you buy Injective, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Injective.
How to buy Injective in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Injective is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Injective
You can now exchange your funds for Injective. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Injective to your personal wallet.
Where to buy Injective in the UK
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 exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this Injective guide up-to-date
- INJ price data is regularly updated through data feeds so you always have the latest information.
- Injective performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Injective?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Injective?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Injective.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing INJ with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy Injective?
The easiest way to buy INJ is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying INJ, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Injective has been performing recently.
Best Injective wallets to store your INJ
You can keep your INJ on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your INJ below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Recent Injective developments
January 2022: Injective Protocol released Injective Bridge v2 to improve cross-chain compatibility with the Ethereum and Cosmos networks.
April2021: Injective Protocol raised $10 million during a new funding round from investors such as Mark Cuban and Pantera Capital.
April2021: Injective Protocol raised $10 million during a new funding round from investors such as Mark Cuban and Pantera Capital.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Injective a good investment?
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 collateralisation and liquidity mining.
Additional information about Injective can be found using our INJ analysis tools.
Today's Injective price versus ATH
Compare today's price of Injective ($6.4 USD) against its all-time-high price of $24.89 USD on 30 April 2021. The closer the bar is to 100%, the closer INJ is to reaching its ATH again.
Injective's price: $6.4
ATH date: April 30, 2021
ATH date: April 30, 2021
25.71%
Injective ATH: $24.89
How to trade, convert or sell Injective
You can convert or sell your INJ with the same exchange you bought it through:- Sign in to the exchange you have INJ on.
- If you store your Injective in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of INJ you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Injective.
- Complete your transaction and move your INJ to a wallet for storage.
Get started with crypto
Crypto exchanges and wallets
Learn about other cryptos
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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