How to Buy 1INCH with a Credit or Debit Card Instantly

The 1inch Network is a decentralized exchange (DEX) aggregator that allows participants to trade cryptocurrencies directly without a middleman. It searches multiple DEXs simultaneously to find the best possible rates for crypto trades, and acts like a comparison tool to help users get the most out of crypto swaps.

1INCH is the native token of the 1INCH Network, and helps ensure the efficiency of crypto swaps. It empowers governance and incentivizes participation to promote a robust trading environment. 

This guide dives deep into 1INCH and explores how to acquire it instantly on CEX.IO, a reputable exchange supporting over 200 cryptocurrencies. Whether you're eager to join the 1inch Network or are looking to buy Bitcoin and other established digital assets, CEX.IO offers a user-friendly platform to get started. 

Read along to learn how to buy 1INCH with a credit or debit card instantly on CEX.IO. 

What is 1INCH token

The 1INCH token serves multiple purposes within the 1INCH ecosystem, including governance, staking, and as a utility token for certain functions. 

Participants can vote on various protocol parameters, such as transaction fees, liquidity pool configurations, and other crucial network aspects.

The token also incentivizes liquidity providers and traders on the platform by offering the potential for rewards in exchange for network participation. 

Additionally, users can stake their 1INCH tokens to engage in Fusion mode, where they are delegated to specific entities called "resolvers" who help process swap transactions. Through staking, users can earn rewards in the form of additional 1INCH coins. 

In turn, those seeking opportunities to earn crypto rewards can explore CEX.IO’s staking program. Much like 1INCH staking, eligible participants can utilize a broader variety of tokens to stake that best suits their individual crypto needs.

Disclaimer: CEX.IO doesn't currently support 1INCH staking. However, our crypto staking service offers a wide range of cryptocurrencies with different earning rates and lockup periods.

How does the 1inch Network work

Sergej Kunz and Anton Bukov founded the 1inch Network to simplify the process of finding the best swap rates across DEXs. 

Recognizing the inefficiencies and manual effort involved in searching for favorable exchange rates, they envisioned a platform that could automatically scan multiple DEXs to identify the most advantageous trading opportunities. 

Their innovation aimed to streamline the user experience by aggregating liquidity and optimizing trades to help users locate potential pathways without the hassle of manual comparison.

How to use the 1inch Network

Curious participants can access the 1inch Network via its official website or through their mobile device. Like the CEX.IO crypto app, users can download the 1inch Network application for iOS and Android to enjoy on-the-go access. 

Once their crypto wallets are connected to the platform participants can choose tokens to swap and enter desired  amounts. 1INCH will automatically start finding the best possible rates by comparing multiple DEXs. 

From there, users can review the swap details, including the expected platform and gas fees, and confirm transactions with just a few taps or clicks. 

1inch Network Partnerships

The 1inch Network aggregates liquidity through collaboration with a wide range of sources, potentially providing its users with better swap rates. Some names include SushiSwap, Moonbeam, a parachain on the Polkadot network, which provides a substrate for building fast, secure, scalable dApps, as well as Polygon, and Optimism. 

How to buy 1INCH with a credit card in the U.S.

The best way to buy 1INCH online in the U.S. is through Instant Buy. This beginner-friendly and intuitive feature facilitates straightforward crypto purchases. Additionally, users from U.S. regions can buy USDC, Bitcoin, Ethereum, USDT, and other U.S.-supported digital currencies. 

Here are the steps to obtain 1INCH at CEX.IO: 

1. Register and verify your account.
2. Go to Instant Buy.
3. Select USD as the fiat currency for acquiring 1INCH.
4. Choose 1INCH from the list of available cryptocurrencies. 
5. Click Buy Crypto Instantly.
6. From the Add Funds page, navigate to You Will Send and enter the amount you wish to spend to obtain 1INCH cryptocurrency or choose a predefined denomination.
7. Under the Select Payment Method section, pick credit/debit card as the preferred funding method.
8. Enter your card details, including the card number, expiration date, and CVV (the three-digit number on the back of your credit card). 
9. Click Add Card to connect a bank card to your CEX.IO wallet. 
10. Complete the transaction. 

Disclaimer: This guide outlines the general steps for buying cryptocurrency on our exchange. While the specific terminology might differ slightly depending on your chosen asset, the overall process remains consistent. Customers can follow the same example to buy USDT, Bitcoin, or any other cryptocurrency listed on our exchange. 

How to buy 1INCH with a debit card

In addition to credit cards, eligible customers can buy crypto, including 1INCH, with debit cards issued by Visa or Mastercard. As outlined above, users can choose debit cards as their preferred funding method by selecting credit/debit cards from the Add Funds page within Instant Buy. 

Should I consider buying 1INCH

The decision to obtain 1INCH should depend on your individual financial goals and risk tolerance. Whether you're looking to obtain 1INCH, buy Ethereum, or any other digital asset, conducting thorough research is a must. Enthusiasts should consider their financial situation and never purchase based on someone else's advice. 

How to buy 1inch Network Coin with alternative payment methods on CEX.IO

CEX.IO offers numerous pathways to acquire 1INCH. In addition to credit and debit cards, eligible users can buy crypto with Paypal, Skrill, and Neteller e-wallets. 

Those looking for potentially lower transaction fees can consider buying crypto with a bank transfer. Available methods include SEPA (limited to EURO transactions only) and SWIFT (the go-to method for money transfers outside the SEPA zone). However, customers should remember that bank transfers can take between one and five business days to complete. 

In addition, CEX.IO supports both mobile and digital wallet systems that allow smartphone payments. This allows eligible users to buy crypto with Google Pay and Apple Pay. 

Disclaimer: Please note that availability of payment methods may vary by region. For example, while U.S.-based customers can buy crypto with Apple Pay, bank transfers are not available as a purchase method in their area. We recommend that all interested parties conduct due diligence and check the available funding methods in their region before purchasing on CEX.IO.

How to store 1INCH tokens

There are several ways 1INCH holders can store their tokens, each with its own advantages and disadvantages. The free CEX.lO crypto wallet is straightforward to set up and use and accessible through a desktop application and mobile apps (iOS and Android). This could be especially convenient, considering CEX.IO handles the security of your private keys. 

Alternatively, you can store your 1INCH tokens on a hardware wallet. However, this route can be more expensive than custodial wallets and require additional setup, which could prove challenging for beginners. 

FAQs

How to track the value of 1INCH?

CEX.IO offers a user-friendly solution for monitoring the current value of 1INCH. Our dedicated crypto prices page provides valuable market data, including the latest real-time price, the total amount of 1INCH traded within the past 24 hours (offering insights into market activity), and the total market value of all outstanding 1INCH tokens. By utilizing this resource, users can stay informed about 1INCH's market performance and make well-considered purchasing decisions.

What is the CEX.IO Bitcoin calculator? 

The CEX.IO Bitcoin calculator is a conversion tool that helps customers understand how much a certain amount of Bitcoin is worth in fiat (USD, EUR, GBP) or digital currency (USDT) and vice versa. This allows users to quickly determine the value of their Bitcoin holdings or estimate the cost of purchasing other cryptocurrencies with their fiat currency.