Amid greater adoption of decentralized finance, the demand for DEX-specialized tools is on the rise. 1inch Network offers a set of powerful tools for traders looking to execute trades at a competitive price, with minimal slippage and gas fees. In this article, we'll take you through a step-by-step process on how to buy 1INCH on Binance and the benefits of the project.
Where To Buy 1INCH?
Some of the most popular exchanges to buy 1INCH include Binance, Coinbase, KuCoin, and Kraken. When choosing an exchange to purchase 1INCH, it's essential to consider factors such as fees, security, user interface and supported payment methods. It's also important to note that some exchanges may only be available in some countries or regions.
Step-By-Step Guide On How To Buy 1INCH :
Follow the below steps to buy 1INCH using the Binance exchange.
Step 1: Register for a Binance account
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The first step is to register for a Binance account; if you already have a Binance account, you can skip this step.
To register, visit the Binance website and click on the "Register" button at the top right-hand corner of the page. You will then be prompted to enter your email address and create a password. You can also use the main sign-up with an email or phone option.
After completing this step, you will receive an email confirmation from Binance.
Create an account using your personal phone number or email address on Binance. Registering as an entity if you want to buy 1INCH as a Limited company business on the Binance exchange is also an option.
Step 2: Verify your identity on Binance
Before you can buy 1INCH on Binance, you will need to verify your identity. To do this, click the "Profile" button on the top right-hand corner of the page and select "Identity Verification."
Follow the instructions provided by Binance to complete the verification process.
To complete your Binance registration process and start buying crypto on the Binance platform, you must submit a valid government-issued passport or Driving license based on your country of residence.
Step 3: Buy 1INCH
There are numerous ways to buy 1INCH on the Binance exchange, and it all comes down to your preference. We will explore some popular methods to buy 1INCH on Binance.
Option 1: Fund your Binance account with crypto
This method is helpful for anyone who owns crypto on other platforms or wallets. Once you have transferred your Bitcoin to a Binance account, you can buy 1INCH with Bitcoin as Binance supports trading BTC/1INCH pair.
After verifying your identity, you can fund your Binance account with crypto. To do this, click the "Deposit" button on the top right-hand corner of the page. You will then be prompted to select the cryptocurrency you want to deposit. Select the cryptocurrency you wish to deposit and follow the instructions provided by Binance. Once your cryptocurrency has been deposited, you can proceed to buy 1INCH.
On the deposit Crypto page, choose the crypto (in this case, we selected bitcoin) and its network. Binance will generate a bitcoin address to deposit your BTC. Copy the deposit address and initiate a withdrawal on the withdrawal platform. Once the transaction is confirmed, Binance will credit the crypto.
Convert Bitcoin Crypto to 1INCH (1INCH)
After transferring your crypto Binance account, hover over the Trade menu at the top menubar and click on Binance Convert, where you can convert your crypto to 1INCH.
There are two ways to convert your crypto to 1INCH: Market order or Limit order.
Buying 1INCH with market order: Market order allows you to convert your assets at the current market price based on the quoted price in the conversion.
Buying 1INCH with limit order: A limit order allows you to place an order to convert your assets at a specified limit price. However, limit orders are executed subject to market conditions and may not be completed even if the market price reaches or crosses your limit price momentarily.
The above screenshot shows an example of placing a limit order to buy 1INCH using BNB. You can click on the bars icon next to the limit button to display the price chart of your selected crypto convert pair. Click Confirm Order to get 900 1INCH tokens into your account.
Congrats! You have now bought 1INCH by funding your Binance account with crypto and using Binance Convert.
Option 2: Buy 1INCH with a Credit/Debit Card (Popular method to buy 1INCH)
To buy 1INCH on Binance using a Credit or Debit card, navigate to the Buy crypto via card page using the top navigation menu.
On the buy crypto with card page, you will see various options to choose the fiat currency to buy 1INCH. Enter the desired amount of 1INCH tokens to purchase and click Continue.
In the payment method section, if you just created your Binance account, add the card details you will use to purchase 1INCH.
Once you have entered the card details, you must review the order details to ensure they are correct. If everything looks good, click the "Buy 1INCH" button to complete the purchase.
Congrats! You have now bought 1INCH by funding with your Credit/Debit card!
Alternatively, you have the choice to buy 1INCH on a recurring basis.
The recurring model typically allows you to regularly invest in cryptocurrency with a pre-determined amount and accumulate your crypto holdings over time. If you are committed to the long-term growth of a coin/token and bullish on its future price movements, it is an excellent way to DCA into the project.
Step 4: Buy 1INCH
Buy 1INCH with Paypal: Binance does not currently support purchasing 1INCH (1INCH) directly with PayPal. However, you can still use PayPal to buy cryptocurrencies on other platforms and then transfer those funds to your Binance account to purchase 1INCH. Other exchanges, such as Coinbase support Paypal payment methods to buy crypto. If you have an existing PayPal account, you can start transactions on Coinbase immediately.
Buy 1INCH with a credit card on Binance exchange: To Add a credit card, Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card." Follow the prompts to add your credit card details.
Buy 1INCH with Debit Card: To Add a debit card: Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card." Follow the prompts to add your debit card details.
How to Buy 1INCH with Apple Pay and Google Pay on Binance
The following steps will guide you through how to buy 1INCH using Apple Pay & Google Pay.
- Log in to your Binance account and click Buy Crypto with Credit/Debit Card.
2. Select the fiat currency according to your country and then select 1INCH crypto to buy from the list. Enter the amount and click Continue.
3. Select Apple Pay or Google Pay as the payment method after choosing 1INCH to Buy.
4. Once you have successfully added/chosen your credit/debit card, click Confirm to proceed. Check the payment details carefully and confirm your order within 1 minute, or else after the 1-minute mark, the price and the amount of crypto will be recalculated. You can click Refresh to see the latest market price.
Congrats! You have now bought 1INCH on Binance using your preferred Google or Apple pay.
Step 5: Withdraw 1INCH from Binance
After buying 1INCH on Binance, withdraw it to a hard or soft wallet you control. To do this, click the "Withdraw" button on the top right-hand corner of the page. You will then be prompted to enter the wallet address to which you want to withdraw your 1INCH. Ensure you enter the correct address, as transactions on the blockchain are irreversible.
You must also enter the amount of 1INCH you want to withdraw. Once you have entered the correct wallet address and the amount of 1INCH you wish to withdraw, click the "Submit" button. Binance will then process your withdrawal request, and your 1INCH will be sent to the wallet address you provided.
Tips for buying 1INCH on Binance
- Always double-check your order details before placing a trade to ensure everything is correct.
- Consider using the "Limit" order type instead of the "Market" one when buying 1INCH. With a limit order, you can set the price you are willing to pay for 1INCH, whereas, with a market order, you will pay the current market price of 1INCH, which may not be the best price.
- Consider using two-factor authentication (2FA) to enhance security after registration.
10 Reasons To Buy 1INCH Right Now
Should I buy 1INCH? If you are considering whether you should buy 1INCH or not, then the below points may provide some clarity about the project.
- DEX aggregator: 1inch is a DEX aggregator with liquidity from multiple decentralized exchanges. Users can get the best rates using 1inch Network.
- Multi-Chain support: The 1inch Network supports trading on multiple blockchain networks such as Ethereum, Binance Smart Chain, Polygon, and more.
- Security: 1inch has a dedicated team of security experts who audit smart contracts and ensure the platform's safety.
- Governance token: As the governance token of the network, 1INCH enables holders to vote on proposals and changes to the platform.
- Liquidity provider rewards: Liquidity providers are rewarded 1 INCH token based on their contributions to the platform.
- Low transaction fees: 1inch offers some of the lowest transaction fees in the market, making it a cost-effective choice for users.
- User-friendly interface: The platform has a clean and intuitive interface, making it easy for new and experienced users to navigate.
- Advanced trading tools: The platform offers a suite of advanced trading tools such as limit orders, stop-loss orders, and more.
- Integrations: The 1inch Network has integrated with multiple wallets, including MetaMask, Ledger, and Trezor.
- Active development: The 1inch team is actively contributing to the platform's development. New features and integrations are constantly upgraded to improve the user experience.
How to buy 1INCH in the Philippines?
Choose a cryptocurrency exchange that supports 1INCH trading. Binance is one of the best places to buy 1INCH in the Philippines. Binance is also one of the cheapest ways to buy 1INCH in the Philippines.
How to buy Bitcoin in India?
Biance is one of the best places to buy 1INCH in India. Binance is also one of the cheapest ways to buy 1INCH.
Where to buy Bitcoin in the UK?
Choose a cryptocurrency exchange that supports 1INCH trading. Binance is one of the best places to buy 1INCH in the UK.
How to buy Bitcoin in Australia?
Biance is one of the best places to buy 1INCH in Australia. Binance is also one of the cheapest ways to buy 1INCH.
How to buy 1INCH in Brazil?
Choose a cryptocurrency exchange that supports 1INCH trading. Binance is one of the best places to buy 1INCH in Brazil.
Where to buy 1INCH in the US?
Choose a cryptocurrency exchange that supports 1INCH trading. Coinbase is one of the best places to buy 1INCH in the US.
How to buy 1INCH in Turkey?
To buy 1INCH in Turkey we recommend a cryptocurrency exchange that supports 1INCH trading in the first place. Binance is one of the best places to buy 1INCH in Turkey with its cheap rate and easy-to-start trading account for Turkish users.