1INCH is a decentralized exchange token that fuels its DEX aggregation platform. The 1INCH protocol offers users sustainable liquidity and industry-leading rates by relying on the liquidity pools of multiple decentralized exchanges.
In this guide, we’ll show you how to buy 1INCH tokens in a simple and cost-effective manner. We’ll also discuss the best crypto brokers that allow you to buy 1INCH tokens online.
By using Capital.com – a regulated brokerage site that charges 0% in commission, is one of the fastest ways to get exposure to 1INCH. The site offers you the opportunity to trade 1INCH as a CFD instrument.
This removes the need to own or store the 1INCH tokens – as CFDs merely track the real-world price of the cryptocurrency. All you have to do is to input your stake through the buy or sell options on the site.
You can buy 1INCH CFDs by making a bank transfer, or depositing funds with an e-wallet or credit/debit card using the following steps:
At any point in time that you decide to cash out, you will need to place a sell order. In doing so, the cash amount will be reflected in your Capital.com account.
Your capital is at risk – 67.7% of retail investor accounts lose money when trading CFDs with this provider.
If you’re looking for a more comprehensive walkthrough of how to buy 1INCH tokens – follow the steps outlined below.
To buy 1INCH online, you’ll have to open an account with a brokerage or cryptocurrency exchange that supports the token. The best platform for the job is Capital.com – which allows you to speculate on the future value of 1INCH without paying any commission.
As such, to get the ball rolling, visit the Capital.com website and open an account. You will be asked to enter your personal information and contact details – much like you would with any other regulated brokerage site.
Account verification is a minimum requirement when using a regulated broker. Therefore, the next step is to upload a copy of your government-issued ID, such as a driver’s license or passport.
Once you upload the document, Capital.com should be able to verify your identity within a couple of minutes.
On completing the account verification, you can proceed to make a deposit into your Capital.com account.
The broker supports everything from a bank transfer, credit card, and debit card, to Sofort, Giropay, and ApplePay.
After funding your account, you can proceed to buy 1INCH CFDs. First, enter ‘1INCH’ into the search box and click on the result that pops up. Continue by entering your stake amount to place your buy order.
By confirming your order, this will execute your 1INCH CFD purchase immediately.
It is worth noting that with Capital.com, you have the option of setting up a limit order. This allows you to enter your 1INCH buy position at a specific price. For example, if 1INCH is currently priced at $2.88 but you don’t want to enter the market until it hits $3.00 – this is where a limit order comes in.
As mentioned earlier, buying 1INCH tokens with Capital.com via CFD instruments offers many benefits to you. On top of being able to apply leverage and engage in short-selling – you don’t need to worry about storage or security.
Therefore, when you decide to cash out your 1INCH tokens, it’s just a case of deploying a sell order. In doing so, Capital.com will close your position and credit your cash balance with the proceeds. You can request a withdrawal back to your debit/credit card, e-wallet, or bank account.
1INCH is a popular Defi coin token that has increased its market awareness rapidly over the past few months. As such, it is available to buy across many online exchanges and brokers. However, most of these platforms operate without a license – which is why we prefer Capital.com.
Below we explain why Capital.com is the best broker to buy 1INCH.
Capital.com is rated as one of the best places you can buy 1INCH tokens online. The most interesting aspect of dealing with Capital.com is it offers zero commission fees in all supported markets. Whether you are buying or selling 1INCH tokens, the process could not be easier at Capital.com.
The platform is also under the watchful eye of two renowned financial bodies – CySEC and the FCA. As such, the security of your funds should not be an issue when using Capital.com. Furthermore, Capital.com allows you to trade 1INCH via CFD instruments as opposed to buying the underlying digital tokens.
As such, there’s no need for the use of crypto wallets and the stress associated with private keys and security. Additionally, Capital.com allows you to buy 1INCH CFDs with leverage. This means that you can trade with more than you have in your account. For example, if you apply leverage of 1:2 when trading 1INCH, you are multiplying your stake by a factor of 2x.
We also like the fact that Capital.com allows you to deposit funds instantly without needing to pay any transaction fees. The minimum deposit is just $20 and you can choose from a debit/credit card, e-wallet, or bank transfer.
With thousands of cryptocurrencies in the online marketplace, you may be confused about whether 1INCH is right for you and your financial goals.
To help clear the mist, below we list some of the main benefits of buying 1INCH.
For every user, both beginners and professionals, 1INCH has a compatible and friendly interface. Its protocol is easy to use, and there’s no ambiguity associated with it. The protocol is known as an aggregator in the decentralized exchange (DEX) arena.
Therefore, most investors prefer to use a liquidity aggregator on a DEX rather than just a conventional decentralized exchange.
1INCH is a liquidity protocol. As such, this offers the possibility for yield farming.
For those unaware, yield farming allows users to earn interest by locking up their cryptocurrency holdings for a certain period of time. The locked-up tokens are used to provide liquidity for decentralized exchanges.
Many Defi coins are now expensive, with the likes of Wrapped Bitcoin (WBTC) and Maker (MKR) since trading at over $35,000 and $3,500 respectively. 1INCH, on the other hand, gives you the potential to build a huge crypto portfolio with a smaller amount of money.
At the time of writing this article. 1INCH is trading at just $3.60. This means that with an outlay of $3,600, you will get 1,000 tokens.
Though the 1INCH platform is a newly formed decentralized exchange, its records of security are outstanding. Right from its point of creation, the 1INCH exchange has not encountered any hacking incidents or security breaches. This portrays a robust and secure DEX that many beleive will stand the test of time.
According to several crypto analysts, the performance of 1INCH in 2021 is expected to be even better than in 2020. One of the reasons for this prediction is based on the recent Bitcoin halving event.
As per the DigitalCoinPrice website, the price of 1INCH is predicted to rise to $5.64 by the end of December 2021. If you’re seeking a digital asset that offers good returns, the upside potential with 1INCH does appear to be attractive. However, like all cryptocurrencies, there is no sure-fire way of knowing how 1INCH will perform over the course of time.
After buying your 1INCH tokens from a conventional cryptocurrency exchange – the next quest is to think about storage. The problem is that many mainstream wallets out there do not support the token. As a result, you must find a wallet that is compatible with 1Inch.
To point you in the right direction, you might consider one of the following 1INCH wallets:
For investors that plan to buy a large amount of 1INCH tokens, you are advised to use a hardware wallet. For those unaware, hardware wallets are designed with enterprise-standard encryption that makes them hard to hack.
Storing your investment via Ledger Nano or Trezor will therefore ensure safety. These wallets have been around for some time now. They’re also affordable for long-term investors with a large asset portfolio.
Furthermore, if the wallet is lost or stolen, you can recover the funds using a backup seed passphrase.
Popular online exchange Binance created the Trust Wallet – which is available as a mobile app. This is why many traders use it to store their crypto holdings as Binance has an excellent reputation in this space.
The Trust Wallet is also secure, convenient, and ideal for inexperienced investors due to its user-friendly interface.
MyEtherWallet is a wallet-based on the web which you can access through any device connected to the internet. This wallet supports 1INCH and many other ERC-20 tokens.
You don’t have to download any software to use the wallet – which makes it super-convenient. However, being a web-based wallet, it is susceptible to hacks and phishing schemes. So, you must be careful when using this wallet to store your 1INCH tokens.
Atomic Wallet houses more than 300 cryptocurrencies. You can store your 1INCH tokens in this wallet and enjoy seamless access from multiple devices and operating systems. The Atomic Wallet is compatible with iOS and Android devices and can also be downloaded to desktop computers.
It supports each and every BEP2 and ERC20 token in the market. The wallet facilitates crypto swaps between supported assets and also offers an exchange for trading. However, you must tread with caution – due to the security risks of using this wallet.
If you’re ready to buy 1INCH, this guide has explained how to complete the process in a fast and cost-effective way. The best option on the table is to buy the token via a CFD instrument through Capital.com.
It just takes a few minutes to complete the account opening process and the platform supports debit/credit cards and e-wallets. As you are trading CFDs, not only does the broker allow you to apply leverage, but you can do so on a 0% commission basis.
Due to the fluctuation in the demand and supply for 1INCH, its price moves on a second-by-second basis. Nevertheless, its price as of 7th June 2021 stands at $3.60 per token.
With the recent growth and popularity of the Defi sector, the upside potential with 1INCH certainly looks attractive. However, like all digital tokens, 1INCH is highly volatile and speculative – so always consider the risks before proceeding.
You can buy whole and small fractions of 1INCH tokens. As such, you can normally buy 1INCH at a minimum of just a few dollars.
1INCH last hit an all-time high of $7.84 on 8th May 2021.
You can buy 1INCH tokens from various online brokers using your debit card. You’ll first need to open an account on the platform and then upload some ID.At Capital.com, you can purchase 1INCH CFDs in minutes by using a debit card, credit card, or an e-wallet like Apple Pay.
There are 172 million 1INCH tokens out of a total supply of 1.5 billion as of June 2021.
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