Go to the convert section since it’s the easiest method to purchase 1INCH. You’ll see two sections where you can select the cryptocurrencies to trade. Binance accepts passports, driver’s licenses, and ID cards for identity verification.
Bukov, the present CTO of 1inch, has been working in software development since 2002 and in decentralized finance (DeFi) since 2017 on projects such as gDAI.io and NEAR Protocol. The easiest way to buy 1INCH is by placing an ‘instant buy’ order to purchase it for a fixed price but not all crypto exchanges offer this feature. In the payment method section, if you just created your Binance account, add the card details you will use to purchase 1INCH. Currently 1inch is the 137th cryptocurrency in terms of market capitalization.
India’s Favorite Exchange
Some of the 1inch token supply is earmarked for development, which has seen the exchange integrate new liquidity protocols at a rapid clip. So long as the market doesn’t bottom out, there’s no reason to suspect that the pace of development time series analysis will slow any time soon. The future of 1inch depends on the future of decentralized finance. Decentralized exchanges are still expensive, slow and relatively insignificant compared to mighty centralized exchanges such as Binance.
- Launched in 2018, WazirX is India’s biggest cryptocurrency exchange with over 6,o00,000 users, and is expanding rapidly.
- For example, if you wanted to swap some Ether for a less popular token, the aggregator protocol may swap your Ether to 1inch and then swap the 1inch for the other token.
- The platform supports staking 1INCH tokens to supply liquidity to the 1inch liquidity pools and earn rewards.
- To register, visit the Binance website and click on the “Register” button at the top right-hand corner of the page.
However, if you’re looking to hold long-term, using a cold wallet is better because it offers much better security. Currently, there are multiple options for hard wallets, and they are reliably cheap to buy for the service they provide. Once you have decided that you would like to buy 1INCH, the next step is to choose a platform on which you can carry out your purchase.
Best Brokers to Buy 1INCH in 2023
The total supply of 1INCH tokens is 1.5 billion, as reported by the 1inch website. A hardware wallet is more expensive than a hot wallet, with prices ranging between $50 – $200. If you’re planning to keep your newly purchased coins for an extended period, we highly recommend securely storing them in a hardware wallet. Binance and Coinbase are the largest centralized exchanges allowing users to buy 1INCH token. Investing in stock companies that hold cryptocurrency is an amazing way to invest in cryptocurrencies indirectly.
When choosing an exchange to purchase 1INCH, it’s essential to consider factors such as fees, security, user interface and supported payment methods. It’s also important to note that some exchanges may only be available in some countries or regions. However, keep in mind the availability depends on the exchange or broker you choose. Regardless, the service should offer at least one of these options.
Bitcoin SV
1Inch works across multiple chains and employs smart contracts to connect with other decentralised exchanges. 1Inch is a decentralised exchange aggregator that allows users to compare prices across multiple platforms and chains and swap one crypto for another for a small fee. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.
While we are independent, we may receive compensation from our partners for featured placement of their products or services. Now that you know how to buy, store, and track your 1INCH tokens, let’s look into the 1inch network and explore why buying 1inch tokens is a good investment. Users should navigate to the order box and select the convert button. Select the cryptocurrency you want to swap for 1inch, and enter the amount in US dollars.
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Although its price and market cap are relatively low compared to other cryptocurrencies, 1inch (1INCH) has a high potential for growth due to its innovative technology and use case. After confirming the swap, wait a few minutes for the network to process your transaction. You can check the status of your transaction on Etherscan by clicking on the “View on Etherscan” link.
Trade, Sell or Convert your 1inch
In addition to its exchange services, 1inch also offers a variety of other DeFi products, such as a liquidity protocol, a limit order protocol, and a DeFi wallet. As a holder of 1INCH tokens, you can participate in the governance of the 1inch network and benefit from its growth. Bitrue is a prominent cryptocurrency exchange that facilitates the trading, buying, and selling of over 700 different cryptocurrencies, including 1inch, XRP, Bitcoin, and Ethereum. Along with its trading services, Bitrue also provides a range of blockchain and crypto-related solutions, such as staking, derivatives, lending, and NFTs.
Synthetix Network
Choose a cryptocurrency exchange that supports both the fiat currency of your choice and XLM to ease the process. ATMs allow you to buy Bitcoin or other cryptocurrencies with cash or a debit card. They instantly connect you to a cryptocurrency exchange and execute the trade on your behalf.
