Buy 1inch in Australia

1inch

1INCH
$0.000AUD
Past performance is not indicative of future results. All prices are sourced from CoinJar Indices.
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1INCH
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Overview

#123Popularity
DEXAsset type
2019Active since
Official site

What is 1inch?

Buy 1inch: Why do investors like this token? In a nutshell, 1inch is like a smart shopping assistant for cryptocurrency traders. Imagine you’re shopping online, and you want to buy a product. Instead of going to just one store, you use a tool to check multiple websites to find the best deal. 1inch does something similar but for crypto trading. Here’s how it works.

Comparison shopping

1inch compares cryptocurrency prices across several popular exchanges in the decentralised exchange (DEX) ecosystem.

It looks at different platforms to find the best rates for the crypto swaps you want to make. Just like a coupon aggregator finds the best deals for consumers, 1inch finds the best rates for traders.

No middleman

1inch is a non-custodial exchange, which means it doesn’t hold your funds. You need a third-party wallet to use its services.

Wallets store the keys (codes) that let you control your crypto coins.

How it helps traders

If you’re trading one crypto for another (say, swapping Ethereum for Bitcoin), 1inch checks various exchanges to get you the best rate.

It might even split your swap across different exchanges to give you an even better deal. Plus, you can set a limit order, specifying the price you want to pay, and 1inch will execute the trade only if the currency reaches that rate.

Why would investors buy 1inch?

Best rates

Investors buy it because it finds the best rates for their trades. Lower fees mean more profit, and the protocol helps you secure low fees.

No fees

Unlike some exchanges, 1inch doesn’t charge additional fees for using its services. No withdrawal or deposit fees either.

Huge range of cryptocurrencies

1inch supports a wide variety of cryptocurrencies. Whether you’re into Bitcoin, Ethereum, or lesser-known altcoins, you'll likely benefit from being involved with the platform.

Liquidity mining and staking

Token holders can use it for trading and paying gas fees. They can also participate in liquidity mining (earning rewards by contributing to the 1inch liquidity pool) and staking.

Conclusion: Buy 1inch

In summary, 1inch is like your crypto-savvy friend who always knows where to find the best deals. It is a tool to optimise crypto trades.

How to Buy 1inch on CoinJar

Sign Up for CoinJar: First, you’ll need to create an account on CoinJar. You can do this by downloading the CoinJar app on your iOS or Android device. During the sign-up process, you’ll need to verify your identity (ID). This is a standard security measure to ensure the safety of your account.

Deposit Funds: Once your account is set up, you’ll need to deposit funds.

Navigate to your crypto of choice.

Place Your Order: Decide how much you want to buy. You can enter the amount in AUD (Australian dollars).

Review and Confirm: Double-check your order details. Make sure you’re buying the right amount of your crypto of choice. Confirm the order, and it will be processed.

Secure your crypto: Once the order is complete, your tokens will appear in your CoinJar wallet. Consider transferring your digital assets to a secure external wallet for added safety.

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Cash, credit or crypto?

Buy 1inch instantly using Visa or Mastercard. Get cash in your account fast with bank transfer, PayID or Osko. Convert crypto-to-crypto with a single click.

How to buy 1inch with CoinJar

Start your portfolio with Australia's longest running crypto exchange with these simple steps.
Step oneSign up to CoinJarGet the CoinJar app on iOS or Android, create an account and verify your ID.
Step twoDeposit funds Transfer funds from your bank account using bank transfer, PayID, Osko, SEPA or Faster Payments.
Step threeBuy your first cryptoBuy Bitcoin and more than 60 other cryptos using cash or credit card.
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Frequently asked questions

What Is 1inch?

It is a decentralised exchange (DEX) aggregator. It helps crypto traders find the best rates and lowest fees by comparing prices across various exchanges in the DeFi space. Think of it as a smart shopping assistant for crypto swaps!

How does 1inch work?

The platform shops around different DEX platforms to find the best rates for your trades. It might split your swap across multiple exchanges to give you an even better deal. You can also set limit orders to buy or sell at specific prices.

What is a decentralised exchange (DEX)?

A DEX is a platform where users can trade cryptocurrencies directly with each other without a central authority. Unlike traditional exchanges, DEXs don’t rely on intermediaries.

What Is a liquidity protocol?

A liquidity protocol is used to aggregate liquidity from various DEXs. This helps prevent order slippage and ensures better execution of trades.

What Is a governance and utility token?

The network has its own token called “1INCH.”

It serves two purposes:

Governance: Token holders can vote on changes within the ecosystem.

Utility: You can use 1INCH for trading and paying gas fees.

Which blockchains does 1inch support?

It operates on several blockchains, including Ethereum and Polygon (formerly Matic).

What are smart contracts?

Smart contracts are self-executing agreements written in code.

What Is fusion mode?

Fusion mode combines liquidity from different DEXs to optimise swaps. It ensures better rates and lower fees for users.

What Is the 1inch Network?

This Network includes all the DEXs and liquidity sources integrated with 1inch. It’s like a vast network of interconnected crypto markets.

How can I buy 1inch?

Sign up to CoinJar, prove your identity, and then choose your crypto of choice.

What is the 1inch wallet?

It is a versatile tool that allows users to manage their crypto assets across different blockchains. It’s like having a digital wallet that supports various networks. The supported blockchains are Ethereum, BNB Chain, Polygon, Avalanche, Gnosis Chain, Fantom, Optimistic Ethereum, Arbitrum, Klaytn, Aurora.

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