How to buy 1inch (1INCH) in the UK

1inch (1INCH) is the 110th largest cryptocurrency by market cap, valued at US$347,440,118.

1inch is a highly volatile asset capable of major price swings in a single day. Today 1INCH is trading for $0.379211 USD, which is lower than yesterday's trading price of $0.3914307235 USD. Over the past year, 1inch's price has seen a decrease of -58%.

So before you buy 1inch, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy 1inch.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy 1inch in the UK

Find an exchange to buy, sell and trade 1INCH by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Best 1inch wallets to store your 1INCH

You can keep your 1INCH on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your 1INCH below.

Recent 1inch developments

December 2021: 1inch has upgraded its Limit Order Protocol to V2, minimising fees and allowing for gasless order placing.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is 1inch a good investment?

Cryptocurrencies are highly speculative assets that come with a range of risks. Additionally, buyers of 1INCH tokens may want to consider the following:

• Copycats: Because 1INCH is open-source, potential competitors can copy the code-base and create their own version of 1INCH with very little effort. This could lead to a loss in market share for 1INCH, which could affect demand for the token as a result. That being said, almost all decentralized exchanges are open source, so the risk is not unique to 1INCH.
• Governance: 1INCH is managed by a Decentralized Autonomous Organization (DAO), which means that token holders have control over various aspects of the platform, including fees, liquidity provider rewards and even rewards for participating in the act of governance itself. Keep in mind that while DAOs are democratic, voting power is determined by the number of tokens a voting address holds. For instance, at the time of writing (March 2021), a single address held 18% of the voting power.
• Token supply: 1INCH launched on December 26 2020, distributing 6% of the total token supply to eligible addresses, with a further 0.5% over the following two weeks. The remaining tokens are controlled by the DAO and distributed in various ways, with the maximum supply of tokens sitting at 1.5 billion, although this could be changed in the future. At the time of writing, the DAO plans to distribute tokens via the following mechanisms such as rewards, incentives, wages, payments and development.

Today's 1inch price versus ATH

Compare today's price of 1inch ($0.379211 USD) against its all-time-high price of $8.65 USD on 27 October 2021. The closer the bar is to 100%, the closer 1INCH is to reaching its ATH again.

How to trade, convert or sell 1inch

You can convert or sell your 1INCH with the same exchange you bought it through:

1. Sign in to the exchange you have 1INCH on.
2. If you store your 1inch in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of 1INCH you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of 1inch.
6. Complete your transaction and move your 1INCH to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.