Top 8 Key Features Of 1inch

DefiDegens
1 min readDec 28, 2023

--

✨ This article is written on the basis of my personal experience via using 1inch from last 1.5 years

User-friendly interface: The platform’s user interface is easy to navigate, even if you’re a user who has limited experience with decentralized exchanges.

1inch wallet: 1inch has its own wallet where you can stake tokens, claim rewards, Buy Crypto with fiat, and hold your Nfts. Whales Tracking feature is available as well.

✨ No Extra Charges: (This is my personal fav feature) You only need to pay the network fee in order to interact with the service; there are no additional costs.

🤖 Maximum security: 1inch has a solid track record of safety, with no security lapses or hacking incident to date. That's why I trust on 1inch, Z+ Security.

Great liquidity: By acting as a DEX aggregator, the 1inch exchange makes sure that your cryptocurrency trades have high liquidity while keeping the exchanges to a single transaction.

Low transaction costs: Users can use other instead of ETH to complete transactions on 1inch. Minting CHI takes up storage on the blockchain, but then burning it erases that storage and replaces it with the transaction, optimizing the process.

Customizable Slippage Tolerance: Users can set slippage tolerance to control permissible price variation before transaction rejection.

Token Swapping: Easily swap ERC-20 tokens with a diverse range of supported assets.

💥 For the latest information, it’s recommended to check the official 1inch website https://1inch.io/ or community channels as features may have evolved since my last update.

--

--