Buy 1inch in Canada

1inch made simple

Everything you need to know about 1inch and how to start investing in it.

Current Price

$0.5181 CAD

+$0.013029 (2.58%) past 24 hours

Market Cap The value of the entire supply of a specific cryptocurrency or token. It’s calculated by taking the price of a coin/token and multiplying it by the total number of that coin/token in circulation.: $758,554,944.08
Circulating Supply The amount of coins that have already been created and are available in the market.: $1,254,993,601.59
Total Supply The total amount of coins currently in existence minus any coins that have been burned or removed from circulation.: $1,500,000,000
24h low - high range Low-high range over the past 24 hours.: 0.4789368 - 0.513464
7 day low - high range Low-high range over the past 7 days.: 0.4673835 - 0.604732
52 week low - high range Low-high range over the past 52 weeks.: 0.2646675 - 0.957571

1inch 101

1inch is a decentralized exchange aggregator. That’s a service that rifles through decentralized exchanges—non-custodial cryptocurrency exchanges—to try and secure you the best deal on a trade.

A brief primer: decentralized cryptocurrency exchanges operate in different ways, but generally the main ones maintain huge pools of cryptocurrency tokens that you can trade in and out of. If you want to swap ETH for DAI, you can add some ETH to the ETH/DAI pool and take out some DAI.

However, taking ETH out of the ETH/DAI pool will make the price of ETH in that specific pool slightly more expensive, with DAI becoming slightly cheaper as a result. Thankfully, there are lots of these pools—hundreds, in fact—and it might be possible to get a cheaper deal by trading in and out of a series of specific pools.

This is a pain to do by yourself, and the prices change so quickly that you can’t realistically get the best deal doing it manually. Aggregators like 1inch do all of that work for you.

1INCH is the platform’s governance token. That means that you can vote on proposals to upgrade the network. In addition, it functions as a way to incentivise new users, rewarding anyone who locks up the token, and repaying gas fees in 1INCH tokens over time if you hold enough.

Why Wealthsimple Crypto?

Wealthsimple Crypto lets you buy and sell cryptocurrencies all in one easy-to-use app. And as Canada’s first regulated crypto platform, you can trust that your coins are in good hands. How simple is it?

Sign up in minutes right from your phone or laptop
Start trading crypto with as little as $1
No account minimums
No clunky dashboards — just one super simple app
Best of all: you don’t need to be an expert in crypto or blockchain to get started

Get started with Crypto

What can you do with 1inch?

You can use 1INCH as a governance token, meaning that you can vote on the parameters that define the 1inch network. Decisions might concern: the number of 1INCH tokens that the protocol rewards those who stake the token, or the pools the protocol uses to process trades.

You can also stake 1INCH—hold it in a wallet or pool on 1inch or elsewhere—to earn rewards (usually more 1INCH tokens). Note that although staking is often non-custodial, meaning you don’t lose control over your funds, the protocols in which you stake can themselves be hacked, meaning your funds are certainly at risk.

Hold enough of the 1INCH token and you could be entitled to partial gas refunds. Trading tokens on the Ethereum blockchain is very expensive, and swapping a single token can cost over $50. Its rebates come out of a treasury reserved to incentivise new users to stick with the platform, so consider it a marketing expense.

Lastly, you can always just buy and hold 1INCH for speculative purposes, meaning that you hope that price rises over time (or falls if you’re shorting it, a la Michael Burry).

Is 1inch a smart investment?

Crypto carries risks — but generally speaking, our advice (regardless of whether you’re investing in 1inch or stocks) is: never invest what you can’t afford to lose. The smartest way to grow your money long term is with a diversified, low-cost portfolio that tracks the market.

How we keep your 1inch safe

As Canada’s first regulated crypto trading platform, we’re required to meet certain requirements — like using only qualified custodians (like Coinbase Custody) for cold storage.

FYI: Wealthsimple Crypto is not an exchange itself. Instead, we work with multiple exchanges to give you the best 1inch prices.

And to make sure your coins are extra protected, we’ve partnered with Coincover for an extra layer of security.

If you’re holding crypto outside of Wealthsimple, that’s no problem. You can safely transfer your 1inch to your Wealthsimple account in just a few taps.