How to Buy 1inch Network (1inch)
Make your investments work for you: Buy and sell 1inch Network and 40+ cryptocurrencies instantly.
How to buy 1inch
Just 3 easy steps to start investing in 1inch Network
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase 1inch with PayPal, Google Pay, etc.
Choose 1inch, select how much you want to buy, and make your first investment.
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Learn more about 1inch Network
What is 1inch Network ?
1inch is a cryptocurrency platform that was released in 2019 as a decentralized exchange aggregator. The main goal of this platform is to find the lowest cryptocurrency price for traders. In the 1inch platform, you can easily connect Ethereum-based coins (known as ERC-20 tokens) to ETH or any other cryptocurrency that works on Ethereum. The transaction fee on 1inch is significantly lower than Ethereum. For more information and updates about this coin, check out 1inch network official website.
What is 1inch ?
Like most of the cryptocurrency platforms, 1inch has a native coin called with the same name as its network. 1inch coin was distributed to the market on Christmas Day of 2020. This coin is known as a governance and utility token, which enables the users of this platform to vote for different changes on the network. 1inch tokens are pre-mined, which means there is an exact number of this token produced, which is 1.5 billion tokens that will be released in 4 years. However, only 19.5% of these tokens are for investors. 1inch token has a market cap of 75 million dollars, which brings it to the 127th largest crypto by that metric. You should also notice that 1inch is not available in the US.
Is 1inch Network reliable
As a decentralized exchange (DeX), 1inch network is extremely safe. The platform is secure and protected from hacks. Regarding using its coin, you should consider choosing a secure wallet. Dozens of wallets support 1inch. To choose among 1inch wallets, consider why you are buying this coin. In case of a long-term investment, it is recommended to pick a hardware wallet because it is more protected from hacks. If you want to buy 1inch to use as a payment or voting, you can choose a software wallet or a mobile app, which makes it easier for you to access your coins wherever you are.
After you've bought 1inch
While buying crypto, always consider its uses because there are several ways you can take advantage of cryptocurrency. 1inch can be used for staking, spending, trading, or keeping as an investment. One of the major uses of 1inch is voting inside the network for an update to its protocols. You can also swap 1inch with other coins on the exchange. It can be done if you think the future of another token might be better than 1inch. Furthermore, 1inch can be used as a payment inside games.
One reason that most people would like to buy a coin is to keep it as an investment. 1inch might be a good investment too. However, after buying 1inch, you should always check its price to ensure you are not losing money. It is better to consider an exit point for your investment to avoid any loss. Additionally, you should know that the cryptocurrency world is risky. Thus, never invest money you can’t afford to lose, especially if you are a beginner in this world.
Your entry to the world of crypto
Other Methods of buying 1inch Network
Where can I buy 1inch Network
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells 1inch Network or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy 1inch Network directly from another person over the web.
Crypto Exchanges are the safest places for buying 1inch Network. You can use Blocktrade as a cheap, secure, and global exchange to buy 1inch. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase 1inch with a few clicks.
Blocktrade is available in 100+ countries
How to sell 1inch Network
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit 1inch to your Blocktrade account
To sell 1inch Network on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any 1inch Network address.
Start selling 1inch Network!
Once you deposited your 1inch Network in your Blocktrade deposit address, you’ll be able to sell your 1inch.
Frequently asked questions
You can buy 1inch tokens on 1inch’s own exchange as well on different cryptocurrency exchanges, such as Blocktrade. Sign up on the website and create an account. Then you can follow the steps of finding the coins and trading them online.
Sergej Kunz and Anton Bukov are the founders of the 1inch network. They were both crypto lovers before creating 1inch. Sergej was a famous YouTuber that worked on creating videos about analyzing the future of cryptocurrencies. Therefore, he was very familiar with this world.
The cost of buying 1inch Network can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of 1inch, you can either log in to our website and see the real-time price or check our 1inch Network Calculator to see the price of 1inch Network in your desired currency.
Since the 1inch platform operates as a decentralized exchange, it is considered safe because on this type of network the user’s funds are not held directly on the platform, and they don’t require a third party to connect traders.
There are several options to buy 1inch such as cryptocurrency exchanges, Peer-to-peer marketplaces, 1inch Network brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy 1inch Network for beginners. You can easily buy 1inch Network without any buying fees from our exchange.
1inch exchange scans other decentralized exchanges to find the best cryptocurrency prices and lowest fees. Therefore, it will be easier for traders to compare the prices of different coins using a single platform.
There is no right time to buy 1inch Network, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying 1inch Network or any other cryptocurrency.