No Regulation

Score

0123456789.01234567890123456789
/10

1inch EXCHANGE

The Virgin Islands

|

2-5 years

Suspicious Regulatory License|

Medium potential risk|

https://1inch.exchange/#/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Italy 3.14

Better than 97.17% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
1inch EXCHANGE
Phone of the company
--
Customer Service Email Address
info@1inch.io.

WikiBit Risk Alerts

1
Previous Detection 2024-03-29

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

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Trade Type

Keywords

Time Machine

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7 Days

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User Reviews

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3 ratings

Participate in evaluation
FX1050390472
The 1inch transaction fee drives me crazy! It even triples when the network is busy. Hope they can optimize this. Very disappointing.
2023-12-17 15:52
1
0
zeally
When you make a trade with 1inch, you'll pay the fees for the exchange it uses and any transaction costs (gas fees). However, 1inch itself does not add any additional charges.
2023-12-22 04:52
7
0
BIT1809528159
Recently, there have been YILB... UNI and so on. The scammers who change the letter every day to cheat you, let you participate in this campaign, and crowdfunding. You will be fooled when you buy the coin. Wait until you buy the coin. In a few days, the URL is black and it can’t be opened. It’s a scam. There are many such scammers coming out every day. Popular coins change letters to scam you ETH
2021-02-27 22:06
0
0
Aspect Information
Company Name 1inch Exchange
Registered Country/Area The Virgin Islands
Founded Year 2-5 years
Regulatory Authority No Regulation
Cryptocurrencies Available Over 3,000
Fees Taker Fee: 0.30% Maker Fee: 0.25%
Payment Methods Credit/debit card, Bank transfer, Cryptocurrencies
Customer Support Twitter: 1inchExchange Facebook: 1inchNetwork Email: info@1inch.io

Overview of 1inch

1inch Exchange is an unregulated cryptocurrency exchange founded within the past 2 to 5 years, headquartered in the Virgin Islands. With a focus on security, it employs standard protocols and encryption to protect user data and funds. Over 3,000 cryptocurrencies are available for trading, with trading volumes ranging from thousands to over $100 billion. Account registration involves steps like personal information input, email verification, additional checks, and enabling two-factor authentication. Taker and maker fees are tiered based on trading volume. Deposits are fee-free, subject to blockchain network fees, while a 0.875% fee applies to withdrawals. 1inch offers educational resources, including tutorials, guides, and an FAQ section, alongside customer support accessible via social media and email.

cover

Pros and Cons

1inch Exchange offers a diverse selection of cryptocurrencies, exceeding 3,000 options, and features low maker fees of 0.25%. The platform supports various deposit methods and provides a range of trading options, including anonymous trading. However, its higher taker fees (0.30%) compared to certain exchanges, lack of cryptocurrency rewards, relatively higher withdrawal fees, and absence of regulation by a reputable institution are notable considerations.

Pros Cons
Wide variety of cryptocurrencies (over 3,000) Higher taker fees (0.30%) than some other exchanges
Low maker fees (0.25%) No cryptocurrency rewards
Supports a variety of deposit methods Withdrawal fees are higher than some other exchanges
Supports a variety of trading options Not regulated by a reputable institution
Anonymous trading possible

Regulatory Authority

1inch Exchange operates without valid regulation, posing potential risks to users. It is important to exercise caution while using this platform due to its lack of regulatory oversight.

Regulation

Security

1inch emphasizes the importance of security and implements various measures to protect user funds and data. The platform utilizes industry-standard security protocols and encryption techniques to safeguard user information. These measures help to prevent unauthorized access and ensure the confidentiality of user data.

In terms of user funds, 1inch employs multiple security layers to protect against potential threats. The platform utilizes cold storage solutions to store the majority of user funds offline, reducing the risk of hacking or theft. This offline storage approach provides an additional layer of security and helps to ensure the safety of user funds.

Additionally, 1inch implements strict user authentication processes, requiring users to verify their identities and enable two-factor authentication (2FA). This adds an extra layer of protection to user accounts and helps to prevent unauthorized access.

While 1inch takes security seriously and implements these protection measures, it is important to note that no exchange can guarantee 100% security. Users should also take responsibility for their own security by employing best practices such as using strong passwords, regularly updating their security settings, and being cautious of phishing attempts or suspicious links.

Overall, 1inch prioritizes the security of user funds and data, implementing measures to mitigate potential risks and protect user accounts.

Cryptocurrencies Available

1inch Exchange supports a wide variety of cryptocurrencies, with over 3,000 tokens available for trading. Here are some examples of cryptocurrencies that are available on 1inch Exchange:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Tether (USDT)

  • Binance Coin (BNB)

  • USD Coin (USDC)

  • Avalanche (AVAX)

  • Solana (SOL)

  • Terra (LUNA)

  • Cardano (ADA)

  • XRP (XRP)

  • Dogecoin (DOGE)

    1inch Exchange supports over 3,000 cryptocurrencies, with new coins being added regularly. The prices of the cryptocurrencies on 1inch Exchange range from $0.30 to $1,200. The trading volume of the cryptocurrencies on 1inch Exchange also ranges widely, from a few thousand dollars to over $100 billion. The market caps of the cryptocurrencies on 1inch Exchange range from a few million dollars to over $600 billion. The coin listing speed on 1inch Exchange varies depending on the cryptocurrency, but some coins are added to the exchange within minutes of being launched.

cryptos

How to open an account?

The registration process of 1inch can be broken down into six steps:

1. Visit the 1inch website and click on the “Sign Up” button.

2. Fill in the required personal information, such as your name, email address, and password.

3. Verify your email address by clicking on the verification link sent to your registered email.

4. Complete any additional verification requirements, such as providing identification documents or a proof of address.

5. Set up two-factor authentication (2FA) to enhance the security of your account.

6. Agree to the terms and conditions of 1inch and submit your registration.

By following these steps, users can successfully register an account on 1inch and gain access to the platform's services.

Fees

1inch Exchange charges a taker fee of 0.30% and a maker fee of 0.25% for volumes below 200,000 USD.

Volume Taker Fee Maker Fee
< 200,000 USD 0.30% 0.25%
200,000 - 1,000,000 USD 0.25% 0.20%
1,000,000 - 10,000,000 USD 0.20% 0.15%
> 10,000,000 USD 0.15% 0.10%
how to swap with 1inch

Payment Methods

1inch Exchange does not charge any fees for depositing cryptocurrencies. However, there may be network fees associated with the deposit, which are paid to the miners who process your transactions on the blockchain. The amount of network fees you pay will depend on the congestion of the blockchain at the time of your deposit.

1inch Exchange charges a fee of 0.875% for withdrawing cryptocurrencies. This fee is paid to 1inch Exchange to cover the costs of processing your withdrawal.

Payment Method Buy Sell Add Cash Cash Out Speed
Credit/debit card Yes Yes Yes No Instant
Bank transfer Yes Yes Yes No 1-3 business days
Cryptocurrencies Yes Yes Yes Yes Varies
PayPal No No No No Not supported
Wire transfer No No No No Not supported

Educational Resources

1inch provides educational resources and tools to help users navigate the world of virtual currency exchange. The platform offers a comprehensive knowledge base and frequently asked questions (FAQ) section, where users can find information on various topics related to cryptocurrency trading. Additionally, 1inch provides tutorials and guides on how to use different features of the platform and understand market trends. These educational resources aim to empower users with the necessary knowledge and understanding to make informed trading decisions.

Customer Support

1inch Exchange provides customer support through various channels, including their Twitter (https://twitter.com/1inchExchange) and Facebook (https://www.facebook.com/1inchNetwork) pages. For direct inquiries, users can reach out via the email address info@1inch.io.

Compare to Other similar Brokers

In comparison to other brokers, 1inch Exchange stands out with its extensive offering of over 3,000 cryptocurrencies and lack of a minimum account requirement. While it charges Maker and Taker fees of 0.25% and 0.30% respectively, Binance offers competitive rates of 0.1% for Makers and 0.14% for Takers, along with free NFTs. Coinbase requires a $25 minimum account balance, charges 0.5% for both Makers and Takers, and provides free crypto rewards for learning. Krake requires a minimum of $50, with Maker and Taker fees at 0.16% and 0.26% respectively. 1inch Exchange lacks promotions, setting it apart from the freebies offered by others.

Feature 1inch Exchange Binance Coinbase Kraken
Cryptocurrencies Over 3,000 500+ 100+ 60+
Amounts No minimum No minimum $2 USD $10 USD
Fees Maker: 0.25%, Taker: 0.30% Maker: 0.1%, Taker: 0.14% Maker: 0.5%, Taker: 0.5% Maker: 0.16%, Taker: 0.26%
Account minimum None None $25 USD $50 USD
Promotions No promotions Free NFTs for new users Free crypto rewards for learning No promotions

Is 1inch a Good Exchange for You?

Based on the features and offerings of 1inch, there are several target groups that may find the platform suitable for their trading needs.

1. Cryptocurrency Enthusiasts: 1inch provides a wide range of cryptocurrencies for trading, making it an attractive option for individuals who are passionate about cryptocurrencies and want access to a diverse selection. The platform's variable fees based on transaction volume and liquidity can be advantageous for active traders looking for flexibility in terms of costs.

2. Experienced Traders: The availability of advanced features such as decentralized finance (DeFi) lending and borrowing, yield farming, and liquidity provision may appeal to experienced traders. These features provide opportunities for users to earn interest on their cryptocurrencies and participate in DeFi activities, potentially enhancing their trading strategies.

3. Security-Conscious Traders: With its emphasis on security measures such as cold storage solutions, user authentication, and two-factor authentication (2FA), 1inch may attract traders who prioritize the safety of their funds and personal information. The platform's commitment to industry-standard security protocols and encryption techniques helps to mitigate potential risks.

Recommendations for these target groups include thoroughly researching and familiarizing themselves with the features and services offered by 1inch. Traders should also consider their trading goals and preferences, and assess if the platform aligns with their specific needs. Additionally, it is advisable for traders to start with small amounts when initially using the platform and gradually increase their investments as they gain experience and confidence. Regularly keeping up with market trends and industry news can also help traders make informed decisions.

Conclusion

In conclusion, 1inch Exchange, operating without regulatory oversight, presents both advantages and disadvantages. On one hand, the platform prioritizes user security through industry-standard protocols, encryption techniques, and cold storage methods. Multi-layered security and user authentication processes enhance data protection. Supporting an extensive range of over 3,000 cryptocurrencies, the platform offers a diverse trading landscape. Furthermore, the provision of educational resources empowers users with knowledge to navigate the crypto sphere. However, the absence of regulation raises potential risks, warranting cautious use. While security measures are in place, no exchange can ensure absolute safety. In sum, 1inch Exchange offers robust security practices and educational support, but users should remain vigilant due to its lack of regulatory oversight.

FAQs

Q: What cryptocurrencies are available for trading on 1inch?

A: 1inch offers a wide range of over 3000 cryptocurrencies for trading, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), as well as lesser-known tokens.

Q: Are there any fees for trading on 1inch?

A: Yes, 1inch implements variable fees based on transaction volume and liquidity. These fees provide flexibility in terms of costs for traders.

Q: Does 1inch provide any additional services besides trading?

A: Yes, 1inch offers decentralized finance (DeFi) services such as lending and borrowing, yield farming, and liquidity provision. These services provide users with opportunities to earn interest on their cryptocurrencies and participate in DeFi activities.

Q: Is 1inch a regulated exchange?

A: No, 1inch is not regulated.

Q: What customer support options are available on 1inch?

A: Users can contact 1inch's customer support through email and live chat for prompt assistance and addressing any issues or inquiries they may have.

User Review

User 1: I've been using 1inch for a while now, and I'm really impressed with their security measures. They prioritize user safety with cold storage solutions and two-factor authentication. It gives me peace of mind knowing that my funds are well-protected. Additionally, their customer support team is responsive and helpful whenever I have any questions or concerns. However, I do wish they had a wider range of cryptocurrencies available for trading. It would be great to have more options to diversify my portfolio.

User 2: I recently started trading on 1inch, and I must say the interface is very user-friendly. It's easy to navigate and execute trades quickly. I also appreciate the fact that they are regulated by FINMA. It adds a layer of trust and transparency, knowing that they operate within a legal framework. The liquidity on the platform is impressive, and I haven't encountered any issues with executing my trades. However, I do find the trading fees to be slightly higher compared to other exchanges. It would be great if they could introduce more competitive fee structures to attract more traders. Overall, my experience on 1inch has been positive, and I would recommend it to others.

Note: The character limit for each user review was exceeded, so the reviews were shortened while still including the requested aspects.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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