How to buy 1inch (1INCH) in 3 easy steps
1INCH is a cryptocurrency token that powers the 1inch decentralized exchange network, which is designed to provide the best possible rates by discovering the most efficient swapping routes across all leading decentralized exchanges (DEXes). 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.
If you’re interested in buying 1INCH, follow these step-by-step instructions on how to buy 1INCH in just four easy steps.
Step 1 – Buy Ethereum (ETH) from a Broker or Exchange
Step 2 – Connect Your Wallet to 1inch
Step 3 – Swap Your ETH for 1INCH
Step 4 – Wait for Confirmation and Receive Your 1INCH Tokens
Step 1 - Buy Ethereum (ETH) from a Broker or Exchange
To begin the process of buying 1inch (1INCH), you will need to acquire some Ethereum (ETH) coins. You can purchase ETH from an exchange that supports your preferred payment method, such as a credit card, bank transfer, or PayPal. Popular platforms that offer ETH include Binance, Kraken, Uphold, and Coinbase. You will need to register an account, verify your identity, and follow the instructions to purchase ETH.
Step 2 - Connect Your Wallet to 1inch
To connect your wallet to 1inch, you need a Web3 wallet like MetaMask. After creating a wallet address on MetaMask’s official website, transfer some ETH from your exchange account to your MetaMask address. Paste the MetaMask address into the withdrawal section of your exchange platform and confirm the transaction. Next, head to the 1inch website and click on the “Connect Wallet” button. Select MetaMask from the options and approve the connection request. Once connected, you can view your wallet balance on the 1inch interface.
Step 3 - Swap Your ETH for 1INCH
To swap your ETH for 1INCH tokens on 1inch, go to the homepage and select the input and output tokens in the swap widget. Choose ETH as the input and 1INCH as the output, then enter the amount of ETH you want to swap and click “Swap Now”. Review the swap details in the pop-up window, including the price, slippage, gas fee, and estimated output amount, and click “Confirm Swap”. You’ll also need to approve the transaction on your MetaMask wallet.
Step 4 - Wait for Confirmation and Receive Your 1INCH Tokens
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. Once the transaction is confirmed, you will receive 1INCH tokens in your MetaMask wallet.
Also read: 1inch Price Prediction
Popular video guides on buying 1inch (1INCH)
Where to buy 1inch (1INCH)?
Also read: 1inch (1INCH) Prices Live
Binance is a leading cryptocurrency exchange that enables individuals to trade, buy, and sell over 350 different cryptocurrencies, including popular options like Bitcoin, Ethereum, and 1inch. In addition to its trading services, Binance offers an array of blockchain and crypto-related products and solutions, such as futures, staking, lending, education, and NFTs. Binance is committed to providing a secure and trustworthy platform for cryptocurrency enthusiasts to engage in a range of crypto activities.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | Jan 2016 |
| Weekly Average Transaction Volume | $160M |
| Deposit Methods | Credit Card, Debit Card, Netbanking |
| Deposit Fees | 0.10% |
| Cryptos Listed | 1650 |
| Trading Fees | 0.2% |
| Fiat Currencies Supported | USD, INR |
| Trustworthiness | 78% |
KuCoin is a prominent cryptocurrency exchange that enables individuals to trade, buy, and sell over 700 different cryptocurrencies, including Bitcoin, Ethereum, and 1inch. Apart from its trading services, KuCoin also offers a range of blockchain and crypto-related products and solutions, such as staking, lending, NFTs, and derivatives.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | Jan 2016 |
| Weekly Average Transaction Volume | $160M |
| Deposit Methods | Credit Card, Debit Card, Netbanking |
| Deposit Fees | 0.10% |
| Cryptos Listed | 1650 |
| Trading Fees | 0.2% |
| Fiat Currencies Supported | USD, INR |
| Trustworthiness | 78% |
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. Bitrue supports a variety of payment methods, currencies, and languages and strives to offer a user-friendly and secure platform for cryptocurrency traders.
| Header 1 | Header 1 |
|---|---|
| Operational Since | Jan 2016 |
| Weekly Average Transaction Volume | $160M |
| Deposit Methods | Credit Card, Debit Card, Netbanking |
| Deposit Fees | 0.10% |
| Cryptos Listed | 1650 |
| Trading Fees | 0.2% |
| Fiat Currencies Supported | USD, INR |
| Trustworthiness | 78% |
Already Holding 1inch (1INCH)?
Frequently Asked Questions
What factors should I consider before buying 1inch (1INCH)?
If you are considering buying 1inch (1INCH), there are several important factors to keep in mind. First, it’s crucial to assess the performance and popularity of the 1inch dApp, as it’s the primary product of the 1inch Network and drives demand for the 1INCH token. Second, you should also consider the innovation and development of the 1inch Network, including its various protocols and the 1inch DAO. Be aware of the competition and regulation in the decentralized exchange aggregator space, as this could impact the growth and adoption of 1inch and its token. Finally, keep an eye on market sentiment and trends in the broader cryptocurrency industry, particularly within the Ethereum, Binance Smart Chain, and Polygon ecosystems, as these are the main blockchains supported by 1inch.
Where should I keep my 1inch (1INCH)?
To keep your 1inch (1INCH) secure and easily accessible, you can choose from various types of wallets, including hardware wallets like Ledger and Trezor, software wallets like MetaMask and the 1inch DeFi Wallet. The 1inch DeFi Wallet is a self-custodial wallet with a built-in DEX aggregator that allows you to swap crypto at the best possible rates, while hardware and software wallets provide extra layers of security and can be connected to the 1inch protocol via WalletConnect or MetaMask.
How does the price of 1inch (1INCH) compare to other cryptocurrencies?
Currently 1inch is the 137th cryptocurrency in terms of market capitalization. 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. Some other cryptocurrencies with similar market capitalization and price range as 1inch (1INCH) include Decentraland (MANA), Basic Attention Token (BAT), Harmony (ONE), Curve DAO Token (CRV), and Hedera Hashgraph (HBAR).
Is buying 1inch (1INCH) a good investment?
Buying 1inch (1INCH) can be a potentially good investment if you have a long-term outlook and believe in the potential of the 1inch Network and its offerings. As a leading decentralized exchange aggregator, 1inch offers users the best rates and fees for swapping tokens across multiple platforms and has a strong team of developers and a loyal community. However, as with any investment, it’s important to do your own research and consider the risks and potential rewards before making a decision.
More Cryptos Similar to 1inch (1INCH)
Related articles to 1inch (1INCH)
1inch Price Prediction
Wondering what is the future of 1inch price? Here is an up-to-date 1inch price prediction
How to buy 1inch | Buy 1inch in four easy steps
Learn how to buy 1inch (1INCH) on three crypto exchanges
