How to buy Injective Protocol (INJ) without Commissions: Step by Step

In this tutorial you will find a quick step-by-step guide, so that in no time you can buy Injective Protocol (INJ). Forget about guides that are endless and confusing and make you waste your valuable time. Here we have included a video so you won’t miss any step, besides solving all the doubts on how to get this cryptocurrency. So let’s stop wasting time and get down to the important stuff.

Where to Buy

This cryptocurrency can be bought on different platforms and exchanges. Our recommendation is to use Binance to buy this cryptocurrency. Because the most used Exchange in the world, and we have the full tutorial below in the video below. But it is the same system on other platforms if you find also this cryptocurrency listed.

Still, we have another very good option if you are looking for something simpler, easy to use and secure. Being one of the few regulated platforms and located in Europe, with all that implies for investor protection compared to other platforms. We are talking about Bitvavo, which if you do not have an account, you can get €10 free with the link you will see below. If you are looking to diversify or do not have any account on a cryptocurrency platform, Bitvavo is a great place to start or have funds with greater security of not losing them.

In case you can’t watch the video, let’s take a look at the guide below in full detail.

Complete Step by Step

The first step is to create an account with Binance to follow the instructions that we will now see, above you will find a link to do so.

With your account created, the next step is to log in and deposit funds. For me, the most practical way is by credit card, although it has a commission that is usually around 1.8%, you can have the balance instantly in your account, while with transfer, there is no commission, but you must wait a few days to have the balance available. For the low cost, if they are not large amounts it is worth using the card for deposit.

When you deposit you will receive your currency, in my case Euros. With your funds,we must firstbuy a stablecoin or another cryptocurrency, in my case, I like to use USDT (Tether). Since with USDT you will be able to buy 95% of the cryptocurrencies in Binance. To do this, go to markets/markets, and click on FIAT market. Here, we will look for our currency, in my case Euros (EUR). And you will see the EUR/USDT pair. Sometimes there are pairs already with EUR or other currencies or they are added over time, but we recommend that you always switch to USDT for convenience and flexibility to buy and sell any cryptocurrency within Binance.

Let’s go to this pair, and we go to the red sell button. Since what we need to do is to exchange Euros for USDT, or your currency. Indicate the amount of euros you want to change or your currency for USDT. Click on sell and that’s it, you will have USDT.

With the USDT in your balance, you must go again to markets, FIAT market, and search for this cryptocurrency. We will search for INJ and not Injective Protocol, since this is the ticker it has, and therefore we must search instead of the full name of the cryptocurrency. Otherwise, it will not appear. Now you will be able to see the INJ/USDT pair.

Click on it, and now go to the buy part with the green button. Here, indicate the amount of USDT (Tether), which we bought earlier, or the amount you want to use to buy Injective Protocol, and click on buy. With this, you will have Injective Protocol in your balance. Yes, it’s that easy.

Now, you will see at the top right of the screen that the transaction has been completed with a green tick.

You can go back to the main panel to see your new cryptocurrency. If you want to withdraw it, you must click on the Injective Protocol cryptocurrency, withdraw, and indicate the address you want to withdraw it to, whether it is your metamask wallet, another exchange or another platform. You can find a guide in our blog if you don’t know how to withdraw cryptocurrencies from Binance.

If you follow these steps, you can have INJ in just a few minutes in your account. Register today with Binance so you don’t miss your chance before the price skyrockets.

Injective Protocol (INJ) Price

what is Injective Protocol?

To create a truly free and decentralized financial network for all
Its mission is to create a freer and more inclusive financial system through decentralization. By providing the unrestricted and unprecedented ability to express diverse viewpoints in decentralized financial markets, we strive to empower individuals with the ability to more efficiently allocate capital in our society.

Key Features

Injective Chain: The infrastructure that powers next-generation DeFi applications

A Layer 2 Cosmos zone that hosts the first trustless, fully decentralized exchange protocol. We have built the first fully decentralized order book, trade execution coordinator, order matcher and order execution environment.

Injective Futures Protocol: Unlocking a new era of permissionless financial access. A fully decentralized peer-to-peer futures protocol that supports decentralized perpetual swaps and contracts for difference (CFDs). This will allow anyone to create and trade in arbitrary derivatives markets with just a price feed.

Injective Exchange: Pioneering a new exchange model as a public utility. A completely open source exchange infrastructure that disintermediates the current centralized exchange model. Injective removes technical barriers to entry so that anyone can trade on a high-performance exchange.

Governance of Injective: Owned and run by the community. Injective is decentralized and governed by the community using the Injective token. Anyone can join as a stakeholder in our project and have a real say in decision making in our protocol.

what problem does Injective solve?

Injective gives power back to the people by enabling truly free and decentralized trading for everyone.

Many DEXs today claim to be decentralized but are actually centralized in most aspects besides custody. From restricting access to certain demographic users, to retaining proprietary control over the exchange infrastructure, every DEX with central limit order book we have seen has centralized components that allow traders to be subject to the will of an omnipotent authority. This is the fundamental problem that Injective solves.

The common justification against total decentralization is that efficiency and user experience are sacrificed. At Injective we reject this notion and are committed to realizing the vision of a high-performance, permissionless, fully decentralized exchange protocol.

how is Injective different?

It is pioneering a new decentralized economy.

The biggest fundamental difference between the Injective Protocol and other exchanges is that we make the exchange a decentralized public utility that gives our users and the community the capture of the value resulting from our exchange protocol.

Our technology brings an order of magnitude of acceleration by scaling trade execution and settlement at layer 2, while being fully decentralized. The fully decentralized nature of Injective allows individuals to create and trade permissionless derivative markets that even centralized exchanges cannot support.