Injective Protocol, as a decentralized finance (Defi) project, allows users to trade cross-chain tokens with zero gas fees. Furthermore, the protocol gives holders the opportunity to create their own derivatives market and subsequently trade them. The protocol has its native currency – INJ. 

This guide will show you how to buy Injective Protocol seamlessly and securely. If you’ve been curious about the key processes of buying the coin, you’ll have your questions answered by the time you’re done reading. 

How to Buy Injective Protocol – Quickfire Walkthrough To Buy Injective Protocol In Less Than 10 Minutes 

Injective Protocol is fast garnering a large community because of its high utility. If you want to buy into the coin, you can do so through a decentralized exchange or DEX like Pancakeswap, which is available on Trust Wallet. Once you connect the two apps, you can purchase Injective Protocol in less than 10 minutes by following the steps below. 

  • Step 1: Download Trust Wallet: This storage option supports Pancakeswap, which means you can fully enjoy its perks by downloading the wallet. It is available to both Android and iOS devices.
  • Step 2: Search For Injective Protocol: The next step is to look for Injective Protocol. This can be done in the ‘Search’ bar at the top right corner of your Trust Wallet. 
  • Step 3: Add Cryptocurrency Assets to Your Wallet: Since you cannot buy Injective Protocol without funds, you will need to put some cryptocurrency in your Trust Wallet. Fundamentally, there are two ways to do it – you may choose to transfer some tokens from another wallet or simply buy them from Trust Wallet with your credit or debit card. 
  • Step 4: Connect to Pancakeswap: Pancakeswap is very suitable for purchasing Injective Protocol, and you can connect your Trust Wallet to the DEX. Open your Trust Wallet, locate ‘DApps,’ choose Pancakeswap, and click connect. 
  • Step 5: Buy Injective Protocol: Now, you can buy your INJ tokens by locating the ‘Exchange’ icon. This will immediately reveal the ‘From’ drop-down box. Here, you can choose the cryptocurrency coins you transferred or bought earlier and the quantity you want to swap. Then you can move to the other side, where you will find the ‘To’ tab. This is where you’ll choose Injective Protocol and subsequently the quantity you want to purchase. Finally, click ‘Swap’ to complete the trade.

Trust Wallet will reflect your Injective Protocol tokens within minutes. You can also use Pancakeswap to sell them, and we will walk you through this process shortly. 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy Injective Protocol – Full Step-By-Step Walkthrough 

If you are unfamiliar with cryptocurrency trading or decentralized exchanges, then you may not find the quickfire guide on how to buy Injective Protocol sufficient. As such, you may be looking for a more explanatory guide on how to invest in INJ tokens. 

For this, you will a fully comprehensive step-by-step guide below.

Step 1: Get Trust Wallet 

You must have a wallet as a cryptocurrency holder because it is a safe storage unit for your tokens. Trust Wallet is a perfectly suitable one, and it is available to both Android and iOS users. Trust Wallet is also very ideal for new users because of its simple user interface. Despite these, what really endears the wallet to cryptocurrency holders is that it supports Pancakeswap. 

Pancakeswap is an excellent DEX, and you can use it to buy and sell Injective Protocol with ease. So, head over to your App Store, download Trust Wallet, and begin enjoying its numerous perks!

You will need to choose a secure PIN, and we suggest using a password generator or refrain from choosing one that will be easy to unveil. You will also get a unique 12-word passphrase from Trust Wallet. It is a solid backup system that you can use to sign in to your wallet if you don’t remember your password or lose your mobile phone. 

Step 2: Deposit Digital Tokens Into Your Trust Wallet 

You cannot begin the process of buying Injective Protocol without first depositing some cryptocurrency in your wallet. However, it’s a straightforward process, and you can choose one of the two available methods. 

Transfer Cryptocurrency From Another Wallet 

If you already hold some cryptocurrency tokens, that is great, because it means you can simply send some to your Trust Wallet. However, it will be best if those tokens are popular digital assets like Bitcoin, Ethereum, or BNB. Here is how you can transfer the coins to your Trust Wallet with ease:

  • You will have to find the ‘Receive’ tab in your Trust Wallet. 
  • Trust will show you the list of cryptocurrencies you can receive, and you may choose the tokens you want to send from your other wallet. 
  • Subsequently, copy the wallet address Trust gives you. 
  • Then open your other wallet and paste the address you copied into the ‘Send’ tab. 
  • Choose the cryptocurrency and quantity, then complete the transaction by clicking ‘Confirm.’

Since you are sending the tokens from another source, it may take about 10 – 20 minutes for them to reflect in your Trust Wallet. 

Buy Cryptocurrency With Your Credit or Debit Card 

Most cryptocurrency newbies may opt for this method as they likely do not own digital assets just yet. This option is equally fast, but you first have to complete Trust Wallet’s mandatory Know Your Customer (KYC) process. This entails filling in some personal details and uploading images of a legal identification card. 

Then, you can buy your tokens with your credit/debit card. 

  • Open your Trust Wallet and choose the ‘Buy’ option. Almost immediately, Trust Wallet will display the tokens you can buy with your card. 
  • Choose a significant cryptocurrency like BNB, ETH, or BTC. Also, select the quantity you want to purchase. 
  • Confirm the transaction. 

Since you are buying the tokens directly from Trust Wallet, they will reflect almost immediately after completing your purchase. 

Step 3: How to Buy Injective Protocol Using Pancakeswap 

Now, you are almost done learning how to buy Injective Protocol. This is the final stage and also where Pancakeswap comes in.

You will have to connect Trust Wallet to Pancakeswap first, and you can do that by following step 4 of the quickfire guide on how to buy Injective Protocol. Then, you can buy your tokens. 

  • Find the ‘DEX’ tab on the Trust Wallet page and click on ‘Swap.’
  • It will reveal a ‘You Pay’ icon, and you can choose the cryptocurrency tokens you bought or transferred in the second step. You should also select the number of tokens you want to swap for Injective Protocol. 
  • On the other side of the page, you will see a ‘You Get’ icon. Select Injective Protocol from the available options alongside the quantity. 
  • Finally, you can complete the process by hitting ‘Swap.’ 

You have just bought your Injective Protocol tokens in four short steps, and they will appear in your Trust Wallet within a few minutes. 

Step 4: How to Sell Injective Protocol

Every new cryptocurrency holder may learn how to buy Injective Protocol or the tokens they are interested in, but that isn’t enough. You will also need to know how to sell them if you hope to cash in on your investment. 

Essentially, there are two methods, and you can choose either or even both, depending on your trading strategy. 

Swap Injective Protocol For a Different Cryptocurrency Token 

Just as Pancakeswap lets you buy your tokens without hassle, it also allows you to sell them when you want. Selling your tokens entails a simple process and is quite similar to the steps you took when you initially bought Injective Protocol. 

  • However, you will have to choose Injective Protocol in the ‘You Pay’ tab, as it will be your new base cryptocurrency.
  • Then, in the ‘You Get’ tab, you can choose from the hundreds of tokens Pancakeswap makes available to you.

Completing the transaction means you have successfully swapped your Injective Protocol tokens for a new set of cryptocurrency. 

Sell Injective Protocol For Fiat Money

On the other hand, you may choose to convert the Injective Protocol tokens into fiat money. However, as Pancakeswap is a decentralized exchange, it cannot help you with that. As such, you will have to transfer your tokens to a centralized trading platform. 

Binance will come in handy as you can easily access it from your Trust Wallet. But, the CEX does not accept anonymous transactions, which means you must complete its KYC process first. Then, you can sell your Injective Protocol tokens and withdraw the money to your bank. 

Where Can You Buy Injective Protocol Tokens Online?

There are numerous centralized and decentralized trading platforms from where you can buy Injective Protocol. However, you will benefit greatly by using a DEX like Pancakeswap for several reasons, and we will explore some of them below. 

Pancakeswap – Buy Injective Protocol Via a Decentralized Exchange

The founders of Pancakeswap did not launch its platform until late 2020, and when it entered the market, cryptocurrency traders accepted it with wide arms because of its high utility. The DEX surely fulfills its principal purpose of facilitating your purchase of Defi coins without needing a third party, alongside numerous other benefits. These include not incurring high transaction charges – as fees at Pancakeswap are super competitive. 

In fact, you will be paying between $0.04 to $0.20 on each transaction, irrespective of your order size. Still, on that, Pancakeswap will execute each trade you enter within record time. Thus, even when there is an increased demand on the platform, you never have to worry about a delay in your transactions – meaning you can enter the market at the click of a button. 

If you have some alternative coins you are not actively using, Pancakeswap lets you make money off them. The DEX provides you with many opportunities to make some extra money through rewards or by simply acting as a liquidity provider. You can stake your coins to earn rewards or simply participate in one of the farming opportunities available on Pancakeswap. 

Cryptocurrency holders who enjoy the occasional game of luck stand a chance to win big by participating in the lottery and prediction games. Pancakeswap organizes prediction games where you guess if a token will rise or fall, and if you choose correctly, you cash in big. You can also participate in the lottery games by buying a ticket and hoping to qualify. In addition to Injective Protocol, Pancakeswap offers hundreds of other tokens. 

Pros:

  • Exchange digital currencies in a decentralized manner
  • No requirement to use a third party when buying and selling cryptocurrency
  • Supports a sizable number of digital tokens
  • Allows you to earn interest on your idle digital assets
  • Sufficient levels of liquidity – even on smaller tokens
  • Prediction and lottery games


Cons:

  • Might appear daunting at first glance for newbies
  • Does not support fiat payments directly

Ways to Buy Injective Protocol Coins

If you are learning how to buy Injective Protocol for the first time, you should know precisely the methods involved. Essentially, there are two main methods you can take - which we explain below. 

Buy Injective Protocol Tokens With Your Card 

One of the two established to buy Injective Protocol is through Trust Wallet, and you can use your credit or debit card. However, you must first complete the KYC process. Then, you can buy the cryptocurrency tokens you will use for the exchange, connect Pancakeswap and Trust Wallet, and begin purchasing Injective Protocol tokens with ease. 

Buy Injective Protocol Tokens With Cryptocurrency 

Alternatively, you can transfer some tokens from another wallet you own. However, it will be best if they are renowned cryptocurrencies. All you have to do is copy your receiving address from Trust Wallet, paste it into the external source, and send the tokens. Then, you can connect Pancakeswap and Trust Wallet, and swap the tokens for Injective Protocol. 

Should I Buy Injective Protocol? 

It is perfectly normal to wonder if Injective Protocol will make a viable long-term investment. Of course, every cryptocurrency holder thinks about this conundrum before they buy a token.

However, a good trader also knows that adequate research is the only way to find this out. To help you along the way, we have provided you with some considerations to make when researching Injective Protocol. 

Low Price 

One Injective Protocol token has a price of about $8 in early August 2021, when writing this guide. This is relatively a low price when you compare it with other established cryptocurrency tokens. That also might make it an excellent purchase, as the best time to buy a token is when it is still firmly within its growth stage and thus - has a low price. 

That is to say, you buy when the price is low, HODL, and sell when the coin shoots up in value. Injective Protocol is arguably still at that stage, and buying into the project may be very profitable in the long run. However, you’ll only be more confident on this sentiment when you take your research a step further to understand the coin’s trajectory.

Collateral For Derivative Exchanges 

As Injective Protocol allows its users to create their own derivatives and subsequently trade them, it also provides collateral. Therefore, you can choose Injective Protocol tokens as your margin instead of other stablecoins. 

Furthermore, if you intend to lock some of your tokens and use them to earn rewards, you can utilize Injective Protocol as collateral. This use case brings more traction to the coin, which has the potential of increasing the token's value in the long run.

Growth Trajectory 

Injective Protocol has an all-time high of $25.01, which it breached on 30 April 2021, barely five months ago as at the time of writing. On the other hand, it has an all-time low of $0.65, and it hit this value on 03 November 2020. 

As of early August 2021, one Injective Protocol token is worth about $8. So if you had invested in the token when it was at its lowest price, this pricing level would have brought you increase of over 1,000%.  

Staking Injective Protocol

The Injective Protocol project also provides you with a way to make money by staking your INJ tokens. You earn rewards by locking them or simply lending your tokens to the platform to contribute to the coin’s liquidity pool. 

Additionally, there are safety nets in place because collateral backing exists for every user who stakes with the protocol. 

Injective Protocol Price Prediction 

Injective Protocol price predictions are breaking the internet today; we see them everywhere. While they may sometimes be correct, it will be best if you avoid buying Injective Protocol solely because of them. Instead, you should try to read up on and understand the project, as that is the only way to truely know if it will be a worthy investment or not. 

Risk of Buying Injective Protocol 

The risk of buying Injective Protocol is the same as every other financial investment; it can be profitable or result in a dire loss.

  • If you buy shortly before the price falls, you cannot make your profit until the coin rises past the point you purchased the tokens.
  • This means you will have to wait, and no one particularly knows how long that will take - if at all.
  • Digital tokens like Injective Protocol are volatile assets, which means their prices rise and fall under the influence of numerous factors such as the Fear Of Missing Out (FOMO). 

However, you can mitigate your risk by incorporating practices such as understanding the project before investing, buying when the price of Injective Protocol is favorable, and diversifying your portfolio. 

Best Injective Protocol Wallets 

Your journey in the cryptocurrency investment space requires that you have an ideal wallet for storing your Defi coins. To make the most of Injective Protocol, you need to get an excellent wallet that can meet your needs. Understanding the importance of wallets means you have indeed learned how to buy Injective Protocol effectively. 

Hence, these are some of the best Injective Protocol wallets for 2021.

Trust Wallet - Overall Best Wallet for Injective Protocol

Trust Wallet is a super-secure storage unit for your Injective Protocol tokens. It has excellent backup features such as a passphrase that you can use to retrieve your account if you can not remember your password or lose your device. 

It also helps that the wallet supports Pancakeswap, which is a fantastic DEX for purchasing Injective Protocol. Trust Wallet is also user-friendly and easily accessible. 

Exodus Wallet - Best Injective Protocol Wallet for Convenience 

Exodus is excellent for storing Injective Protocol tokens because it is both highly secure and versatile. You can store more than a hundred tokens on it, meaning you can conveniently diversify. You can also use your Exodus Wallet on iOS and Android devices, alongside desktop computers. 

Coinomi Wallet - Best Injective Protocol Wallet for Security 

A hardware wallet like Coinomi is perfect for storing large or small amounts of Injective Protocol tokens. The wallet stores them offline, which means you are the only one with access to your private cryptocurrency keys. 

How to Buy Injective Protocol - Bottom Line

We have given you both a comprehensive and summarized version of how to buy Injective Protocol. As such, the process becomes relatively easier for you. Simply open your App or Google Play Store to download Trust Wallet, connect it to Pancakeswap, and enjoy the process of seamlessly buying Injective Protocol tokens. 

Buy Injective Protocol Now via Pancakeswap

 

 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.

 

FAQs

How much is Injective Protocol?

INJ has a price that sits somewhere around $8 as at the time of writing in early August 2021.

Is Injective Protocol a good buy?

Cryptocurrency investors have different things they look out for in coins. As such, what makes you consider INJ a good buy may not be the same for another person. Therefore, the best way to answer this question is by researching INJ adequately.

What is the minimum Injective Protocol tokens you can buy?

Interestingly, the way cryptocurrencies are, you can buy them in small units. This means you can buy even less than one Injective Protocol token. At the same time, you may choose to buy in the thousands. Notably, however, some brokers or exchanges may set limits on the amount you can buy at once.

What is the Injective Protocol all-time high?

The coin attained its all-time high of $25.01 on 30 April, 2021. At its all-time high, those who had bought earlier on would have enjoyed an impressive increase.

How do you buy Injective Protocol tokens using a debit card?

What you can do with a debit card is to use it for buying your base cryptocurrency. Thereafter, you’ll connect the wallet to Pancakeswap, and exchange the purchased digital asset for your Injective Protocol tokens.

How many Serum tokens are there?

Injective protocol has a maximum supply of 100 million tokens. However, there are just over 32 million in circulation as of mid-2021.