How To Short 1inch (1INCH)

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Shorting 1inch is pretty straightforward, all you need is a cryptocurrency trading platform that allows for short selling. While there are a few exchanges out there that have added the ability to short crypto, our recommendation is to use eToro. They’re well-known, have a global presence, and are trusted by millions of users from 100+ countries.

We’ll be using eToro in our guide, you can sign up with one of the sign-up buttons below.

Global: Sign up with eToro

USA: Sign up with eToro US

1inch

Before we get started, let’s quickly explain what shorting is (for those that are new to it). Shorting is the practice of selling a cryptocurrency hoping it will drop in price so you can buy it back later for cheaper… which, if successful, will give you a net profit.

It might sound a bit complex but don’t worry, it’s a lot easier than you might think.

How to Short 1inch

Shorting 1inch can be done in 4 steps:

  1. Find a cryptocurrency exchange
  2. Sign up with the exchange
  3. Fund your account with fiat or crypto
  4. Short 1inch

1. Find a crypto trading platform

As mentioned before, for this guide we’ll be using eToro as they offer the ability to short the most common cryptocurrencies.

You can, of course, use any other crypto trading platform that allows for short selling.

etoro crypto

2. Sign up with the cryptocurrency trading platform

Let’s start with creating an account on eToro.

Global: Sign up with eToro

USA: Sign up with eToro US

 

eToro sign up form

The sign-up process is very quick, as is the verification that needs to be completed afterwards so you can get started.

3. Funding your account

Next is funding your account. You have several deposit methods to choose from when depositing funds into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.

4. Short 1inch

These are the steps to follow to execute a short sell:

  1. Go to the search bar at the top, find 1inch by entering the name.
  2. On the crypto page/section, on the right side, hit the TRADE button to enter the trading interface.
  3. At the top of the trading interface: Click on sell to short the crypto.
  4. Enter the amount for which you want to sell 1inch and click on “Open Trade”.

Once you’re ready to close the trade, hopefully when the value of 1inch has dropped, go to your Portfolio, find the 1inch trade, and click on the red cross to close the trade.

If your assumption/prediction was right, then the profit will be added to your account after closing the trade. If you were wrong on the other hand, you’ll incur a loss which will be debited from your eToro account.

Congratulations, now you know how to short 1inch!

Global: Sign up with eToro

USA: Sign up with eToro US

 

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.

 

Where to Short 1inch (1INCH)

Aside from eToro, the other major exchange you can use is Binance.

While Binance tends to be a bit more advanced when compared with eToro, they do have a lot more digital assets to trade with.

 

Frequently Asked Questions

Can I short 1inch on Binance?

Yes, you can short 1inch on Binance. They have over 300 cryptocurrencies on offer, have a decent phone app and a lot of advanced trading features.

About 1inch

The 1inch Network brings together decentralized protocols whose combined power enables the most lucrative, fastest and protected operations within the DeFi sector.

1inch Network's decentralized exchange (DEX-aggregator) protocol is the first. It searches deals across multiple liquidity source, and offers better rates to users than any one exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm, which finds the best path across more than 70+ liquidity streams on Ethereum. 40+ liquidity channels on Binance smart Chain, 20+ liquid sources on Polygon. 40+ liquidity channels on Polygon. 40+ liquidity sources for Binance Smart Chain. 40+ liquidity outlets on Polygon. 40+ liquidity venues on Polygon. 40+ liquidity ressources on Polygon. 40+ liquidity sites on Avalanche. 40+ sources on Optimistic Ethereum. 40+ sources on Gnosis Chain. The 1inch DEX aggregator reached 1M users in just 2 years and has exceeded $120B of total volume on Ethereum's network.

The 1inch liquidity protocol is an automated market maker (AMM), next-generation, that protects users and provides liquidity providers with attractive opportunities.

The 1inch Limit Order Protocol offers the most innovative and flexible limit-order swap opportunities in DeFi. Its features include dynamic pricing, conditional order support and extra RFQ. This protocol can power many implementations including auctions, stop-loss orders, trailing stop orders, and auctions.

1inch Wallet is a multichain platform for mobile payments that offers an easy-to-navigate interface that allows you to store, transfer, and stake your money securely. This versatile wallet was built to simplify the way you interact with 1inch's functions.

1INCH, which is the governance token of 1inch Network (the 1inch Network Governance Token), can be used for voting on protocol parameters under decentralized autonomous organization model (DAO).

1inch raised $2.8 million from Binance Labs. Galaxy Digital. Greenfield One. Divergence Ventures. Divergence Ventures.

1inch raised $12 Million in Series A funding between December 2020 and Pantera Capital. Other investors included ParaFi Capital (Blockchain Capital), Nima Capital, Spartan Group, and Blockchain Capital. The SAFT (simple agreement regarding future tokens) financing round was done.

Amber Group, 1inch's Series B round of $175 million closed in December 2021. Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital, and Gemini Frontier Fund were just a few of the more than 50 investors that took part in the financing event.

The 1inch Network provides users with access to the best liquidity from multiple sources, across seven supported Blockchains. In addition to attractive prices, it offers high security and is the most audited DeFi Project.

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