How to Buy Injective Protocol: Invest in INJ Tokens Today!

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 coin 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. 

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