Investors often need to navigate multiple exchanges to find the best buying and selling rates. 1inch, described as a project focusing on decentralized exchanges (DEXs), allows its users to track multiple exchanges from a single platform. Therefore, 1inch users can transact by finding the most suitable purchase and sale rates across multiple DEXs on one platform.
What is 1inch (1INCH)?
1inch, following a fundraising of 2.8 million dollars from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, and Divergence Ventures, was launched in August 2020. In December 2020, 1inch raised an additional 12 million dollars in a Series A fund led by Pantera Capital, along with ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group, among others.
Additionally, in December 2020, 1inch launched the 1INCH governance token, and the 1inch network began to be managed by a decentralized autonomous organization (DAO).
Since its launch, the 1inch token has attracted attention with its price movements. At the time of preparing this article for publication, the 1INCH Coin, trading at 2.69 dollars, ranks 102nd in market value according to CoinMarketCap data, with a trading volume of 189,420,809 USD. Currently, there are 72,164,169 1inch Coins in circulation, and it is expected to reach a maximum of 1,500,000,000 1inch Coins.
On the other hand, it should be noted that the 1inch Coin, which hit a low of 0.76 dollars on December 29, 2020, broke a record with 2.92 dollars on December 25, 2020.
1inch can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
Where to Buy 1INCH Coin?
After creating an account on the Binance exchange, you can quickly purchase 1inch coin by following the steps below. It is worth noting that the biggest factors in investors’ preference for Binance are liquidity, security, and speed.
- To buy 1inch Coin, first, send USD to the exchange or buy a cryptocurrency that can be used instead. For this, first enter the Binance homepage, then click on the “Buy Crypto” option in the upper left, and select the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to trade with, and then choose Tether, i.e., USDT, in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option at the top left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the upper right, enter 1INCH in the search button, and select the opened 1INCH/USDT pair below.
- Then, go to the middle “BUY 1INCH” tab and enter the amount you want to buy.
- Enter the desired amount and complete the 1inch Coin purchase process by confirming the transaction.
In addition, on Binance, you can also place a buy order at a lower price than the current rate by entering the amount you want to buy. For this, it will be sufficient to use the Limit tab and enter the amount and price you want to buy.
