Buy 1inch (1INCH) in Ireland With EUR | CoinJar

How to 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 competitive deals. 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 competitive rates for the crypto swaps you want to make.

Just like a coupon aggregator finds competitive deals for consumers, 1inch finds competitive 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 a competitive 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 competitive rates for their trades.

Competitive fees means possible investor returns, and the protocol helps you secure competitive 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: Why investors buy 1inch

In summary, 1inch is like your crypto-savvy friend who always knows where to find competitive deals. It is a tool that could optimise crypto trading.