Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has 1inch, and is trustworthy!
You can find our top 3 exchanges for buying 1inch here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy 1inch
And of course, the final step is to find 1inch on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy 1inch (1INCH)
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How to Sell 1inch
- Sign into the exchange
- Find where you stored your 1inch, either on a hardware wallet or on the exchange.
- Transfer your 1inch to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell 1inch.
Considerations when looking to buy 1inch.
The 1inch Network combines decentralized protocols, whose combination enables the most lucrative and fastest protected operations in DeFi.
1inch Network's first protocol, a decentralized exchange (DEX), aggregator solution searches deals across multiple liquidity resources. This offers users better rates than any single exchange. The 1inch Aggregation Protocol uses the Pathfinder algorithm to find the best routes across more than 70+ liquidity resources on Ethereum, 40+ liquidity source on Binance Smart Chain and 20+ liquidity source on Polygon. It also includes 40+ liquidity source on Polygon, 20+ liquidity source on Polygon, 20+ liquidity resource on Polygon, 20+ liquidity options on Polygon, and 40+ liquidity providers on Avalanche. The 1inch DEX aggregater has been in use for just two years and already surpasses $120B in total volume on the Ethereum network.
The 1inch Liquidity protocol is an automated market maker (AMM), which protects users against front-running attacks. It also offers liquidity providers attractive opportunities.
The 1inch Limit Order Protocol allows for the most flexible and innovative limit order swap opportunities in DeFi. Dynamic pricing, conditional orders and additional RFQ support are just a few of the many features that make up the protocol. They also power auctions, stop-loss orders and trailing stop orders.
1inch Wallet, a multichain mobile platform, provides an intuitive interface, secure storing, transaction and staking capabilities, as well as secure transaction and storage. This multifunctional wallet was designed to make it easier to interact with the 1inch features.
1INCH, the governance token of 1inch Network, is used to vote for protocol parameters in decentralized autonomous organizations (DAO) models.
1inch received a $2.8million funding raise in August 2020 from Binance Labs and Galaxy Digital.
1inch, which was led by Pantera Capital with other investors including ParaFi Capital and Blockchain Capital, Nima Capital and Spartan Group, raised $12 million in Series A funding in December 2020. The SAFT (simple agreement to future tokens sale) was used for the funding round.
Amber Group led 1inch's $175 million Series A round in December 2021. Jane Street, VanEck and Fenbushi Capital were among the 50 investors who participated in this funding event.