How to buy 1inch token with credit card
Want to buy 1INCH, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.
Ondefy offers the fastest way to buy 1inch
Follow these steps to get started:
1. Enter Amount
2. Connect your email or wallet
3. Pay by credit card or bank transfer
What is 1inch?
1inch Network is a decentralized exchange (DEX) aggregator that helps users find the best prices for tokens. Instead of relying on a single liquidity pool, 1inch aggregates across different pools to provide the most efficient way to trade tokens. For traders trading large amounts of tokens, 1inch is the perfect solution as it allows them to take advantage of the best price quote available, while also optimizing fees and liquidity.
Pathfinder is the discovery and routing algorithm developed by the 1inch team. It is the algorithm that powers the backend to finding the most efficient route to swap a token. When a user wants to sell ETH for WBTC, Pathfinder will explore all DEXes such as Uniswap, Curve, Balancer, DODO, Sushiswap, and more, and recommend the best route that optimizes fees and liquidity.
1inch was founded by Sergej Kunz and Anton Bukov at a hackathon in New York City. Since then, it has become one of the fastest growing DeFi products.
How do I buy 1inch in 2023?
You can buy 1inch using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether 1inch is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to 1inch for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.
Is it safe to buy 1inch?
Your payment processing is securely handled by our partner Transak, and your purchased 1inch tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.