Enjin Smart Wallet Enjin Smart Wallet Website

  • ValidationCentralised
  • AnonymityHigh
  • Ease of useEasy (Beginners)
  • Supported Coins
  • BTC
  • LTC
  • ETH
  • ENJ
  • ERC20

Pros & Cons

  • Simple to use and understand for new users.
  • You are in charge of your own private key, so you must secure your own funds.
  • You can use it when you’re on the go because it is a mobile app
  • It has the highest security of any mobile wallet, with numerous security features.
  • It doesn’t have any advertisements in its application.
  • Only five currencies are supported.
  • You are affected by the transaction costs and speeds of the Bitcoin network.
  • The iOS release is not ready yet, making Enjin Android-only for now.
  • Enjin is not open-source software.

Features

Built-in proprietary software keyboard to prevent keylogger attacks, Hierarchical Deterministic wallets with changing addresses for each transaction, two layers of device encryption, dynamically adaptive user interface depending on users’ preferences and choices

Wallet Info

Founder(s)
Witek Radomski and Maxim Blagov
Price
Free
Private Keys Stored by
You
Security
Excellent – top of the line for a mobile application, beaten only by hardware wallets.
What it is

A mobile phone application running a ‘hot’ cryptocurrency wallet (one that is connected to the Internet).

Introduction

Enjin is a proprietary-source hot wallet mobile application.  I find that it has very strong security features, high anonymity, and is easy to use.

Development of the Enjin currency began all the way back in 2009, not too long after the blockchain itself was invented. Its original purpose, and present purpose to this day is to facilitate gaming transactions, and it is designed to work with those markets. However, it functions like any other mobile wallet, except that it has higher security than almost any mobile wallet in existence.

Out of 156 user reviews, an astonishing 147 gave Edge the top 5-star rating, with an average rating of 4.9 stars. In this way, Enjin is extremely well-regarded.

Security

Enjin has numerous security features, which will be discussed in the paragraphs below. On their web site, its developers call Enjin the “most secure mobile wallet in the world”, which is a claim that is hard to refute.

When using Enjin, I have access to my private key, which makes me the true owner of my cryptocurrency on the site. If the site were to go down temporarily, I can easily move and spend my cryptocurrency elsewhere.  Since users are responsible for their own private key, I advise that you protect it well and never tell anyone the key – it is all that someone who wished to steal your cryptocurrency would need!

Enjin’s wallet is completely safe from mobile keyloggers, because it has its own built-in keyboard to prevent the threat of an application being installed on my phone that can record the keys I press and then send those key logs to someone else. This will prevent hackers from using a keylogger attack on my mobile phone, and it is the only mobile wallet that I have seen that features this protection.

The Enjin wallet is built with what its web site refers to as ‘rule of two encryption’.  Two separate layers of encryption are built into the key storage and confidential data, both of which use completely different encryption architecture. Furthermore, key storage data is even encrypted from the mobile phone’s device memory or RAM, which prevents attacks on device memory. Finally, the window layout prevents screenshots being taken on the phone.

Enjin’s wallet’s backup system features a twelve-word seed key. That means that if my device is stolen or lost, I can restore access to your funds from any other device. As with other seed keys, it is recommended that when you initialise your wallet, that you write down the 12 words on to paper and then store this paper in a hidden, well-secured location. If you suspect you specifically will be a target for hackers, it is advisable that you keep this paper away from your home address.

Mobile devices tend to have far fewer viruses and other malware programs written against them. Furthermore, Enjin is a standalone application and so is not vulnerable against browser attacks and JavaScript hacks.  In this way, the Enjin Smart Wallet is very well-protected against attacks. The only two ways that I can imagine theft of someone’s cryptocurrency off Enjin would involve actually seeing a person type in their password and then stealing their phone, or stealing their phone and forcing them through threat of violence to disclose their password.

My wallet address is kept anonymous through hierarchical determinism. When I wish to receive funds, my wallet will generate a new address each time. When I click the ‘receive funds’ button on the user interface, my wallet code is then generated for me, and this is the code that I may give to someone else to send funds to me. This feature helps me to stay anonymous on the blockchain by preventing any specific address from becoming associated with me. You can think of it as the equivalent of having a different dead-drop box for each time that any mail is sent to you.

Using this Wallet

Not only is Enjin secure to use, it is also incredibly easy, both by being simple, and by being actually designed to change its user interface depending on what I do most frequently with it, it is hard to beat.  By using modern machine learning, the application will actually adapt to my needs, only featuring gaming-based operations if I require them. The developers designed the wallet with the gaming market in mind, but realised that most of their users would not be gamers and wouldn’t want to be encumbered by unnecessary features.

When you set up your wallet, I can choose either to set up a new wallet or to add an existing wallet. If I choose to add an existing one, I can add simply from a list of other wallets, such as another Enjin wallet, or even from a Nano Ledger or a Trezor. In this way, it works in conjunction with existing hardware wallets, which is the most secure combination that I can think of to be both a cryptocurrency trader and an investor.

The wallet’s visual themes include the colours purple and turquoise, and the text is white. This colour scheme hints at the futuristic design of the user interface and the high security provided through its use of highly unusual colours.  No advertisements are shown in the application at all.

When you use the wallet, it displays all of your cryptocurrencies by whichever local currency I care to use (such as British Pounds), updated to real time. I also have easy access to a detailed list of all transactions that have taken place.

Transacting with the wallet is very simple.  When I wish to receive funds, I can choose the ‘Receive’ option, which will then generate a new wallet address for me, which I can give to someone else, either through a text code or displaying a QR code that can be scanned. When I wish to send funds, I simply choose the type of currency I want to send, type the receiver’s address, and send the currency. Transaction fees are dynamically calculated, but if I wish, you can set my own fees to determine the priority and urgency of my transaction on the blockchain.

Alternatives to this wallet

Enjin’s security as compared to other mobile device wallets is unparalleled. The only other mobile wallets that come close are Airbitz and Mycelium, both of which have fewer security and user interface features than Enjin.

The only devices that feature more security than Enjin are hardware wallets such as Trezor and the Ledger Nano S, and paper wallets such as that which is available from WalletGenerator.net.

Conclusion

Overall, I would recommend Enjin to any user who wanted to use a mobile wallet, as it checks all the ‘right’ boxes – it has anonymity, ease of use, security, and convenience all at once. It works in conjunction with a Trezor or Ledger Nano wallet if you have one, which any investors with large cryptocurrency holders should do.

It is possible that desktop applications may suit some users better, because the screen is larger and easier to see, and longer lists of transactions may appear on the same screen.  Desktop applications are also generally more stable.  However, apart from this, Enjin may well be the best non-hardware wallet in existence.

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