Last update: Jun 6, 2022

How to Buy Injective Protocol (INJ)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Injective Protocol. Depending on where you’re located, you’ll have different exchanges to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Injective protocol

How to Buy Injective Protocol – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Injective Protocol of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy Injective Protocol

Now that you have what you need to buy Injective Protocol, head over to the market or buy section of the cryptocurrency exchange and buy some INJ.

If the crypto exchange doesn’t have any Injective Protocol on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Injective Protocol first), and trade your Ethereum for Injective Protocol.

Where to Buy Injective Protocol (INJ)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Injective Protocol

  1. Sign into the exchange where you bought Injective Protocol.
  2. Move your Injective Protocol to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Injective Protocol.

 

Crypto trading

How to Buy Injective Protocol (INJ) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Injective Protocol in Australia, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Injective Protocol if it’s available. If the exchange doesn’t have Injective Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Injective Protocol), and trade your ETH for Injective Protocol.

You can also check out our comparison of the most trusted crypto exchanges in Australia for those interested in learning more about which ones we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Injective Protocol (INJ) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Injective Protocol in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Injective Protocol if it’s available. If the exchange doesn’t have Injective Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Injective Protocol), and trade your ETH for Injective Protocol.

Or, if you’d like to know more about which exchanges we like, check our list of the best crypto platforms in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Injective Protocol (INJ) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Injective Protocol in the UK, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Injective Protocol if it’s available. If the exchange doesn’t have Injective Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Injective Protocol), and trade your ETH for Injective Protocol.

Or, if you’d like to learn more about the exchanges we like, check our comparison of the best bitcoin trading platforms in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Injective Protocol? INJ Rundown

Injective allows users to access unlimited decentralized financial markets. Injective's cross-chain, zero fee, secure and fully decentralized exchange protocol allows users to create any type of financial market.

The Injective Chain was designed to support Ethereum-compatible DeFi apps. It can reach instant finality and sub-2 second block times. Transaction speeds of up to 10,000 TPS are also possible.

Injective's trading infrastructure is entirely supported by a central order book. This book combines the speed and user-friendliness of centralized exchanges with decentralized exchanges' transparency. The unique Injective decentralized ordebrook exchange protocol can support cross-chain trade of crypto, perpetuals and futures across different blockchains like Cosmos, BSC, Ethereum, and Cosmos.

Injective is home to over 100+ projects, and more than 200K+ members from all corners of the globe. A group of prominent investors including Mark Cuban, Pantera Capital, Binance and Pantera Capital back Injective.

INJ is the native token for Injective Protocol. INJ is a rare asset that can be used for governance, exchange value cap, liquidity mining and staking. 60% of exchange fees go to buying back INJ and burning it every two weeks. This allows for the supply to decrease dramatically over time. Injective Protocol transactions, which are brought to you by new Injective ecosystem project projects, also contribute to the burning of more INJ.

Injective allows anyone to create, access and trade unlimited DeFi market. Injective allows you to trade crypto, perpetuals, futures, and complex financial derivatives in a completely decentralized way. Trades happen in lightning speed, have instant finality, cost zero fees, and are completely free of gas fees. Injective users can trade seamlessly across different blockchain networks, such as Cosmos, Ethereum, and Binance Smart Chain. Injective can also facilitate trades between Cosmos-based projects like Terra.

Injective is the original custom interoperable protocol for decentralized financial applications. Anybody can create cross-chain DApps with Ethereum-based tooling. They offer fast transaction times and instant finality, as well as unparalleled developer incentives.

The native Ethereum-compatibility allows developers to leverage existing Ethereum tooling to supercharge their DApps. DeFi applications can be run on parallel chains by anyone to reach millions of users at infinite scale.

The Injective Protocol blockchain uses a Tendermint-based proof of-stake ( POS ) consensus mechanism. The network is secured by prominent validators, while it is also made more decentralized.

Injective's consensus mechanism ensures transaction finality and a 99% reduction in carbon footprint.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.