Restricted territory | 1inch.io - Help Center (2024)

FAQs

Why is 1inch blocked in the USA? ›

Due to regulatory concerns, the 1inch Network has now increased geo-restrictions on platform use. Participants who are swapping, providing liquidity, staking, or farming using an IP address within the United States and/or Sanctioned Countries are, at this time, not eligible for participation in these programs.

Fortunately in United States, you can buy 1inch on Coinbase's centralized exchange. Coinbase is the most trusted place for people and businesses to buy, sell, and manage 1inch. It's quick and easy.

The 1inch Card support is provided by Crypto Life in partnership with Baanx. Please contact the support team directly at 1inch@cl-cards.com.

No KYC Requirement

1inch exchange does not require any account creation or KYC verification to start enjoying the benefits of the platform. Users can just link their wallet to the platform and begin trading on 1inch.

1inch is not licensed to operate in the United States.

When 1inch receives a “risk” warning regarding your wallet address - you are automatically blocked from using the 1inch interface. Please be aware that 1inch contributors are not responsible for and have no control over the determinations and data provided by TRM Labs, they simply comply with them by default.

Navigate to your Wallet and click the Withdraw button. Select the 1INCH wallet in the “Withdraw from” field. Select the withdrawal address or add a new withdrawal address.

1inch wallet is a cryptocurrency wallet that is intended to be an entry point to defi because of its built-in dex aggregator which does not charge fees and has gassless swaps, its high security which was audited by multiple firms and elegant user experience design.

Having exposure to decentralized exchanges in 2021 and 2022 is of utmost importance. Yes, 1 inch is a good investment. It has own swap exchange.

1inch Network is a DEX aggregator designed to scrape through a handful of decentralized exchanges in search of the most profitable platforms for liquidity providers. It offers its users access to 116 sources available on the Ethereum ecosystem, Binance Smart Chain, and the Polygon Network.

Is 1inch a blockchain? ›

Overview. 1inch Network is a decentralized finance (DeFi) platform offering a range of blockchain-based products and services. It aggregates liquidity from various decentralized exchanges (DEXes) to provide users with optimal swap rates.

The current price of 1inch is ₹22.36 per 1INCH. With a circulating supply of 1,270,266,075.624 1INCH, it means that 1inch has a total market cap of ₹28,401,833,259.89. The amount of 1inch traded has risen by ₹919,672,929.43 in the last 24 hours, which is a 29.61% increase.

Basically, 1inch Earn is a set of liquidity pools operating on a model similar to Uniswap V3 range orders and optimized for stablecoins. Earnings come from fees on swap trades in the pool.

If an address is owned, controlled by, or associated with a sanctioned entity or other form of illegal activity (“ownership risk”) If an address has transacted with a sanctioned address or one that is associated with other forms of illegal activity (“counterparty risk”)

The U.S. Financial Crimes Enforcement Network (FinCEN) requires both customers and financial institutions to comply with KYC standards to prevent illegal activity, specifically money laundering. AML, anti-money laundering, is a term for the range of measures and processes used to achieve regulatory compliance.

The regulatory environment for crypto exchanges in the USA is complicated and most exchanges are unable to meet the requirements at a federal and state level. As such, many exchanges choose not to operate in the US to avoid penalties.

We welcome clients from all over the world, with a few specific exceptions due to international and local financial & cryptocurrency regulations. Depending on your verified residency, you may have certain restrictions on your account. Refer to our Terms of Service for complete information on our eligibility criteria.

1inch is one of the most audited projects in DeFi. All 1inch smart contracts have been repeatedly audited by top experts. The 1inch Wallet has undergone multiple thorough security audits and successful penetration tests.

dApp 1inch - DeFi / DEX aggregator on Ethereum, Binance Smart Chain, Optimism, Polygon, Arbitrum.