Check the FAQ, only certain products make use of the Soft elicenser......https://www.steinberg.net/en/support/kn ... l_products
Apart from that you will need a USB hardware elicenser.
IMHO Steinberg's licensing is not very flexible. For instance, you buy (cheap) content but you still have to license it and if you want to use the content on more than another machine/registered/licensed app (not at the same time), you have to move it or have a hardware elicenser and move that. I think that is totally STUPID.