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1inch

Conditional orders
Dedicated app
NFT
Trading without KYC
+6More
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1inch logo
Founded2019
Head office-
Exchange typeDecentralized
Number of available networks+18
Minimum purchaseNone
Trading feesIncludes network Gas Fee, infrastructure fee and protocol-level fee
Number of cryptocurrenciesNone
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About the 1inch Decentralized Exchange

1inch is a decentralized exchange that began operating in 2019 and currently offers services such as swaps and cross-chain trading, a wallet and portfolio management. Although 1inch has stated in its documents that, due to sanctions restrictions, it does not engage with users residing in sanctioned regions, including Iran, on a decentralized exchange, since identity verification is not mandatory, Iranians can use the 1inch exchange's services.

Teagle risk warning for 1inch

Teagle warnings, licence status, regulators' warnings and users' verified complaints
Risk-spotting guide

Warnings

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Credibility and Global Standing of the 1inch Exchange

1inch is one of the well-known protocols in the DeFi space and among decentralized exchange aggregators. According to 1inch's official report, this exchange processed more than 155 billion dollars in swap volume in 2024. The platform has undergone several security audits. In addition, given the non-custodial and decentralized nature of this exchange, users' assets are not placed directly in 1inch's custody.

 

Has the 1inch exchange ever been hacked?

According to an official announcement from 1inch, the exchange faced a cyberattack in October 2024 in which a third-party library used in the user interface was compromised and some wallets were put at risk, but 1inch's protocols and wallet were not affected. Also, another report notes that in December 2024 unauthorized access to a private key occurred and funds from one of the contracts were moved, but according to 1inch, protocol users' assets were not exposed to theft.

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Two-factor authentication Has

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Global ranking Has

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Hack history Has

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Security certification Has

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Cryptocurrencies on the 1inch Exchange

  • Ethereum (ETH)
  • Tether (USDT)
  • USD Coin (USDC)
  • Binance Coin (BNB)
  • Wrapped Bitcoin (WBTC)
  • Chainlink (LINK)
  • Dai (DAI)
  • Shiba Inu (SHIB)
  • Pepe (PEPE)
  • 1inch (1INCH)
Newest coins
  • HYPE
  • USD1
  • ENA
  • USDT0
  • ZK
  • VVV
  • AERO
  • ANON
  • scUSD
  • FIST
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Costs and Fees on the 1inch Exchange

The cost of using 1inch as a decentralized exchange aggregator (DEX Aggregator)  involves different fees depending on the trading mode and the order execution method. Carrying out transactions on the blockchain requires paying network and infrastructure costs. Depending on the trade route, these costs are paid either by the user or by the order fillers (Resolvers). Below, we look at the different types of 1inch fees:

  • Network Gas Fees: The cost of processing a transaction on the blockchain network.
  • Infrastructure Fees: An API layer fee for maintaining the routing infrastructure, charged to the user in direct aggregator trades.
  • Swap Surplus: The profit from favorable price changes (positive slippage) during the trade, which is captured and retained by the API provider.
  • Protocol-Level Fees: Fees approved by DAO governance for certain interactions, including trades against 1inch Aqua positions.

It is worth noting that deposits and withdrawals on 1inch are non-custodial, and there is no need to deposit assets to the exchange or withdraw them from it. Users simply connect their decentralized wallet to the platform and execute trades directly from their personal wallet.

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Services and Features of the 1inch Exchange

The 1inch exchange has tried to make a range of services available to its users. By offering numerous tools, this platform provides a fast, secure and decentralized experience in cryptocurrency trading. Below, we look at some of these services:

  • Liquidity aggregator (Aggregation Protocol): Finding the best token exchange rates by smartly scanning decentralized exchanges across different networks
  • Bridgeless cross-chain swaps (Cross-Chain Swaps): Direct transfer of assets across more than 18 blockchain networks
  • Shared liquidity layer (1inch Aqua): Support for multiple liquidity positions at the same time with a single wallet balance
  • Dedicated wallet (1inch Wallet): A non-custodial mobile app for securely managing, swapping and tracking tokens
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Download the 1inch Exchange App on Different Operating Systems

User experience of the 1inch app 

Based on user reviews, the app has a very simple, modern design and is fast at executing transactions and finding the best rates. However, some users have reported technical glitches after certain updates (such as bugs with logging in, search and swap functions) and an initial lack of transparency in how gas fees are displayed. In response, the 1inch development team actively follows up on user feedback and works to fix issues and add requested features.

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Expert Review: Which Traders Is the 1inch Exchange Suitable For?

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Headquarters Details of the 1inch Decentralized Exchange

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Frequently Asked Questions About the 1inch Decentralized Exchange

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Articles Related to the 1inch Decentralized Exchange

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User Reviews of the 1inch Decentralized Exchange

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