Buy 1inch Network
in Sweden

Trusted by 1inch Network buyers, you can buy and trade 1inch Network in Sweden and 100+ countries on Blocktrade without any fees easily. 

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Learn More about buying 1inch in Sweden

How to buy 1inch Network in Sweden

Is 1inch a good investment in Sweden?

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. 

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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

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Is 1inch Network legal to buy in Sweden?

Yes. According to an overview of fintech and crypto-assets document by the Financial Stability
Department of Sweden, cryptocurrencies are digital assets which can be bought, sold,
transferred and held and used mainly as speculative investments; which means that they are
bought in the hope that they will gain value. According to the above-mentioned document,
legislation aimed at counteracting money laundering and terrorist financing is often applicable
also for crypto-assets and related operations.

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Is 1inch Network taxed in Sweden

Yes. According to the declaration by the Supreme Administrative Court in Sweden,
cryptocurrencies are not considered similar to foreign currencies, shares, or equities from a tax
perspective. Instead, cryptocurrencies are viewed as other assets and are taxed according to
Chapter 52 of the Swedish Income Tax Act. According to the mentioned tax act, your
cryptocurrency activity may be subject to three different types of taxes: Capital Gains Tax,
Income tax and Interest Income Tax. As could be taken from the tax act, cryptocurrency sales
are subject to capital gain tax of 30% rate on the profits you make. If you have earned crypto for
some form of service or work, then you need to pay typical income tax, but if you decide to hold
the cryptocurrency that you received, then you will need to pay capital gains tax on the profits or
losses that can happen when you sell them. If you have received crypto in the form of loan
interest or staking rewards, then you will be subject to interest income tax at a rate of 30%. It is
highly recommended to consult a professional on the details of your taxations.

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After you've bought 1inch Network in Sweden

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.

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Who can buy 1inch Network in Sweden?

Anyone can easily buy, sell, convert, hold and trade cryptocurrencies using one of the many
cryptocurrency exchanges available in Sweden. Many payment services are accessible in
Sweden through which you can purchase crypto assets; namely: Apple pay, Google pay, Credit
Card, Debit Card, Bank Transfer and PayPal. Our exchange supports all of the mentioned
payment services and provides quick, secure and free of charge transactions in Sweden.

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Buy 1inch Network at your ease

Payment methods to buy 1inch Network in Sweden

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in 1inch Network

Sign up and verify
your account

Make your first
deposit

Start your
investment journey

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.

Yes. According to the Swedish Income Tax Act, selling cryptocurrency will require you to
declare capital gains tax no matter a profit or loss. Note that, it is important that you calculate
the selling price in local currency at the time of sale.

Yes. According to the Swedish Income Tax Act, there are no taxations for buying crypto assets.
But you have to make sure that you keep documentation of the purchase price of the crypto
asset for it to be added to your average cost basis.

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.

It is estimated that 1.88% of the citizens in Sweden, about 196,948 people, own some form of
crypto assets in their possession.

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.

Trusted crypto platform in Sweden!