What is 1inch (1INCH)?
The 1inch Network is a comprehensive DeFi ecosystem, integrating decentralized protocols for efficient, secure, and beneficial transactions. Its main feature, the 1inch Aggregation Protocol, searches for optimal trades across over 400 liquidity sources on 12 chains like Ethereum, BNB Chain, and Polygon, ensuring users get the best rates. By its two-year mark, the platform had reached 1M users and handled over $150B in transactions on Ethereum alone. The 1inch Limit Order Protocol introduces advanced trading tools, such as dynamic pricing and conditional orders, for a superior trading experience. Additionally, the multichain 1inch Wallet offers a user-friendly interface for secure asset management, enhancing interactions with the platform's features. The 1INCH token, central to the network, facilitates governance, allowing token holders to participate in decision-making processes within the 1inch ecosystem.
How to buy 1inch (1INCH)?
Here's how to buy 1inch on Coinsquare
To buy 1inch, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying 1INCH. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select 1INCH from the list on the trade section
Coinsquare lets you trade 1INCH without leaving the app. You can also check the 1inch price and convert 1INCH to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the 1INCH price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy 1inch (1INCH)
Congratulations! You’re now the proud owner of 1INCH. You can either HODL or use it to exchange 1INCH to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my 1inch (1INCH)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add 1inch (1INCH) to your portfolio?
Create your account, fund it with spare change and get a little bit of 1INCH.
