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How to buy 1inch Network with Credit Card
Why investors buy 1inch Network with Credit Card
These days, buying cryptocurrencies with a credit card has become more popular and important. Fortunately, with the presence of digital currency exchanges such as ours, there is no longer a problem to buy and sell various cryptocurrencies with a credit card. Perhaps the first piece of advice for beginners who intend to buy cryptocurrency is to try the methods of buying crypto assets with a credit card. In addition to the availability of credit cards for everyone, the lack of complexity and simplicity are other reasons to recommend this method for beginners. Other reasons could be:
- Speed; A credit card purchase can be completed in a matter of seconds.
- Security; Credit cards are also very secure because they are not connected to your personal assets.
- Rewards and Bonus; Some credit card companies let you earn points or cash back on cash advances, so rewards could also be a benefit.
Is 1inch a good investment?
The 1inch token was released to the market in late 2020 with an initial price of $1.60. 2021 was a great year for this token because very soon, its price mounted to $7.87, which was the highest value of all time; and a fabulous profit for investors on this coin. However, it didn’t last long, and the price started to fall again until it ended the year with a value of $2.39. 2022 was disappointing for the crypto world, almost all the cryptocurrencies experienced a downhill. The price of 1inch dropped to $1.19 at the beginning of 2022 and crashed to its lowest price of $0.5178 in June of the same year.
1inch was a profitable investment at the beginning and could bring a high profit to its investors for one year. But how to know if it’s still a good investment? Although a coin’s history can’t guarantee a profit in the future, it still can give investors some predictions about its future. First of all, everything depends on your risk tolerance because the cryptocurrency world is volatile. However, analysts and experts on this field check different stats and give predictions about the future price of a coin. Bear in mind, these predictions are not 100% guaranteed. Nevertheless, the predictions can be useful. The analysts believe that the price of 1inch won’t rise so much until 2025, which might be around $1.53. But it will have better performance for the next 5 years and might reach $3.61 by 2030.
Who can buy 1inch Network with Credit Card
By owning a Credit Card, anyone who uses our exchange, whether they are new to it or a seasoned user, can profit from using their Credit Card as a payment method. Thanks to the use of a Credit Card payment method, the usability of our exchange has been further enhanced and our exchange users now have access to a wider variety of payment options.
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.
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.
How to buy 1inch with Credit Card instantly?
Buying cryptocurrency using the Credit Card payment method on our exchange is simple and instant due to the speed of transactions. In order to use this payment method, you first need to have an account on our exchange website. From then, sign in to your account. Here, you will be able to see a list of digital coins available for your purchase. You should enter the amount of cryptocurrency tokens and charge your overall account funds by choosing the Credit Card method of payment, and at last, finalize your purchase.
Where can I buy 1inch online with a Credit Card?
To make the purchase of cryptocurrencies more convenient for the users of our exchange, we offer the Credit Card payment service as an easy method of electronic payment service. By using the Credit Card method through our exchange, the operations of buying any cryptocurrency can occur very quickly. This speed of transactions is also because payment with a credit card eliminates the long verification step required by some other payment methods.
Is 1inch 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.
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FAQ
Frequently asked questions
The future of a cryptocurrency is not predictable. However, cryptocurrency experts and analysts believe that 1inch would be a good investment if you want to keep it for the long-term. The price of this token has been predicted to rise to $7.76 by 2040.
Some of the main advantages of using Credit Card as your initial method of cryptocurrency payments would be; fast deposit and withdrawal, high security, practicality, and ease of use.
The future of a cryptocurrency is not predictable. 1inch is not an exception too. But the analysts can give you hints about the performance of a coin in the future. Most of them believe it will go up in the long term. However, we recommend reading its whitepaper, experts’ comments, and price prediction of 1inch to ensure it is the right time to buy it.
It may. When you use Credit Card, your creditor company may charge their own processing fee. Some exchanges might also add a credit card processing fee, but there are no buying and trading fees on our exchange.
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.
No. Credit Card is not a platform for trading crypto tokens. It is however a payment service integrated by our exchange so that our users can easily buy Bitcoin, Ethereum, stable coins, or other forms of cryptocurrencies.
