1inch is a decentralized exchange aggregator which connects several decentralized exchanges to its platform, allowing users to find the best exchange rate across the decentralized exchange landscape. The 1inch token is used as a connector between other assets to efficiently route trades, and to govern the various protocols run by 1inch.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store 1inch. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing 1inch and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store 1inch without any technical knowledge. Here is a brief overview of the existing wallet options to store your 1inch:
Hosted wallets are wallets where the private keys to your 1inch are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your 1inch online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your 1inch. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your 1inch, and if malicious parties have access to your device, your private keys (and therefore your 1inch) can be stolen.
A hardware wallet is a physical device on which you can store your 1inch offline. It is one of the safest ways to store your 1inch, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your 1inch is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive 1inch. Once you have purchased 1inch on Bitvavo, you can choose to send your 1inch from your Bitvavo wallet to your own software or hardware wallet.