Comparison of 1inch exchange vs Orca [ 2024 ]

The best cryptocurrency exchanges compared by their commissions, products offered, security and much more. Here is the 1inch exchange vs Orca comparison!

Your expert: Alejandro Borja

1inch exchange

Your expert: Xavier Tarrasó

Orca

Main points

Fees

fluctuates

NFTs

Yes

Native token

Token 1INCH

<0,10%

Fees

NFTs

Token ORCA

Native token

Recommended for

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.5 – Offers competitive rates by aggregating liquidity from multiple sources, but third-party service fees may apply for fiat conversions.

4.6 – Low transaction fees on the Solana blockchain, making it very cost-effective.

Level

fluctuates

<0,10%

Brief explanation

1inch Exchange is a decentralized exchange (DEX) aggregator that prides itself on offering a fee-free trading experience for its users. Unlike many traditional exchanges, 1inch does not impose its own fees on trades, deposits, or withdrawals. Instead, the only costs users incur are the network gas fees associated with executing transactions on the underlying blockchains such as Ethereum, Binance Smart Chain, or Polygon. These gas fees vary based on network congestion and can be reduced significantly by using the platform’s CHI Gas Tokens, which can lower transaction costs by up to 42%. The absence of additional fees is one of the standout features of 1inch. This means that users are only responsible for the fees charged by the decentralized exchanges that 1inch uses to execute trades.

This model allows 1inch to provide highly competitive rates by aggregating liquidity and optimizing trading paths across multiple exchanges. This revenue model supports the platform’s operations without directly charging its users, making it an attractive option for cost-conscious traders seeking the best available rates across the decentralized finance ecosystem.

Orca operates on the Solana blockchain, allowing it to offer exceptionally low trading fees. Typically, each transaction on Orca incurs a fee of approximately $0.00001, thanks to Solana’s efficient and cost-effective network. This is significantly lower than the fees seen on many Ethereum-based exchanges. Orca’s fee structure is transparent and straightforward, with no hidden charges, ensuring that users understand exactly what they are paying.

Additionally, users can provide liquidity to Orca’s pools, earning a portion of the trading fees as rewards, further enhancing the appeal of this decentralized exchange.

1inch exchange

Year Founded: Established in 2019, 1inch has quickly adapted to market demands and proven its resilience in the fast-evolving DeFi landscape, continuously enhancing its platform to meet trader needs effectively.
Security Methods: 1inch prioritizes user security by allowing traders to retain control over their funds, significantly reducing the risk of exchange hacks and mismanagement. Transactions are executed directly from users' wallets, ensuring safety and trust.
Trading Volume and Liquidity: The exchange is known for its substantial trading volume and deep liquidity pools, aggregated from multiple DEXs. This capability not only demonstrates its robust market presence but also enhances trade execution without significant price impact.
Reputation and Reviews: 1inch has built a strong reputation within the crypto community for providing efficient, cost-effective trading solutions and is highly regarded in user reviews for its innovative technology and reliable service.
Transparency: The platform operates with high transparency, disclosing smart contract functions and the operational mechanics of its Pathfinder algorithm. It also offers a governance token that involves the community in key decisions, reflecting its commitment to an open and fair trading environment.

Orca

Security Methods: Orca places a high priority on security by enabling users to trade directly from their wallets without ever taking custody of user funds. This non-custodial approach minimizes the risk of hacks and theft, a significant advantage over exchanges that store user funds.
Reputation and Reviews: Since its launch, Orca has built a solid reputation within the cryptocurrency community for its user-friendly interface and efficient trading. It is praised for its innovative features like the "Fair Price Indicator," which have received positive reviews for enhancing user trading experiences.
Transparency: Orca operates with a high level of transparency, particularly in how it handles transactions and interactions on the Solana blockchain. This openness is crucial in the decentralized finance space, where the clarity of operations builds trust among users.
Trading Volume and Liquidity: Orca has shown impressive trading volumes and liquidity, especially given its role within the rapidly growing Solana ecosystem. High liquidity not only facilitates better price stability but also enables users to execute large trades with minimal slippage, enhancing the overall trading experience.
Year Founded: Although relatively new, having been founded in 2021, Orca quickly adapted to market needs and integrated cutting-edge blockchain technology, demonstrating robust growth and innovation in a short period. This rapid development and adaptation are indicative of a platform that is responsive to the evolving digital asset market and user needs.

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Product selection

Native token

Yes, the native token is 1INCH.

Yes, the native token is ORCA.

Earns

Yes, 1inch offers EARNs through liquidity mining, staking 1INCH tokens for rewards, and participating in governance.

Yes, Orca provides EARN opportunities through yield farming, staking ORCA tokens, and participating in double-dip pools for dual rewards.

NFT marketplace

No, 1inch does not have an NFT marketplace.

No, Orca does not have an NFT marketplace.

Cripto/debit card

No, 1inch does not offer a debit card.

No, Orca does not offer a debit card.

Full name

1inch Limited

Orca

Regulation

No, 1inch exchange is not regulated by any specific financial regulatory authority.

No, Orca is not regulated by any specific financial regulatory authority.

Year founded

2019

2021

Founder

Sergej Kunz and Anton Bukov

Grace “Ori” Kwan and Yutaro “Rawfal” Mori

Payment methods

Transfers

Deposits: Credit card, wire transfer (via MoonPay), cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

Yes, 1inch supports deposits via Mastercard through third-party services like MoonPay.

No, Orca does not support direct deposits via Mastercard. It only allows transactions through wallet connections.

Wire transfer

Yes, 1inch supports deposits via wire transfer through third-party services like MoonPay.

No, Orca does not support direct deposits via wire transfer. It only allows transactions through wallet connections.

Card

Yes, 1inch supports deposits via credit card, including Mastercard, through third-party services like MoonPay.

No, Orca does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

1inch exchange	FEATURES	Orca
Trades can be as small as the network allows, but gas fees may make very small transactions impractical. Ideal for moderate and large trades.	Minimum Trade	Orca allows users to trade with relatively low minimums, suitable for beginners wanting to start with smaller amounts.
Offers competitive fees by aggregating different DEXs to minimize slippage and transaction costs, making it cost-effective.	Trading and Transaction Fees	Orca offers competitive low fees on transactions, leveraging Solana’s low-cost structure to benefit users.
Supports a vast array of cryptocurrencies by connecting with multiple DEXs, providing access to a wide variety of tokens.	Number of Cryptocurrencies	Limited primarily to SPL tokens, Orca’s selection is growing but still less extensive compared to multi-chain DEXs.
Extensive range of trading pairs available due to its aggregator model, allowing users to trade across different liquidity pools.	Crypto-to-Crypto Trading Pairs	Offers a solid range of trading pairs within the Solana ecosystem, though limited outside of it.
The website provides detailed information on how trades are routed for best prices, though some users may find the depth of data overwhelming.	Website Transparency	High transparency with clear information on trading mechanics and fee structures directly on their website.
Supports multiple networks including Ethereum, Binance Smart Chain, Polygon, among others, enhancing its accessibility and utility.	Credit/Debit Card	Currently operates solely on the Solana network, which may be restrictive for users seeking multi-chain options.
Does not provide custodial storage services; users must have their own wallets, which is secure but may be a barrier for new users.	Storage Offering	As a non-custodial DEX, Orca does not offer storage; users maintain control of their private keys.
Offers governance token staking with voting rights and potential rewards, although the specifics and profitability can vary.	Staking and Rewards	Provides opportunities for staking and earning rewards, enhancing the profitability for liquidity providers.
The website is well-designed with comprehensive details on operations and services, though it can be complex for beginners.	Mobile App and Desktop	The website is user-friendly, well-designed, and easy to navigate, making trading straightforward for all users.
Customer support is available, but responses can be slow during high traffic times. More resources for immediate support are needed.	Customer Service	Customer support is available, but as a decentralized platform, it may not be as robust as services offered by centralized exchanges.
As a non-custodial platform, deposits and withdrawals are managed through users’ wallets, offering high security but less convenience for some.	Deposit and Withdraw	Instant and direct from user wallets, Orca facilitates seamless deposits and withdrawals without holding user funds.

Key features

Analysis tools

Price aggregator, liquidity sources comparison, slippage protection, gas cost estimator, advanced order types, and historical data analysis.

Basic trading charts, price tracking, liquidity pool analytics, and transaction history.

Mobile APP

Yes, 1inch has a mobile app available for both iOS and Android.

No, Orca does not have a dedicated mobile app, but it can be accessed via mobile browsers.

Security

1inch employs advanced security measures, including smart contract audits and integration with secure wallets. The platform leverages decentralized liquidity aggregation, minimizing the risk of single points of failure.

Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

Additional features

1inch offers gas fee refunds for certain trades, DAO governance for community decision-making, a referral program, and its own 1INCH token used for governance and staking.

Orca features an innovative Fair Price Indicator to ensure users get the best rates, a user-friendly token swap interface, and double-dip pools where users can earn rewards in two tokens simultaneously.

Anonymity

No, 1inch does not allow anonymous account creation. Users need to connect a wallet to use the platform, but no personal identification is required.

Yes, Orca allows users to trade anonymously by connecting their wallets, without requiring personal information.

Key points

Available cryptocurrencies

Ethereum (ETH), Bitcoin (BTC), Binance Coin (BNB), Tether (USDT), USD Coin (USDC), and many ERC-20 tokens.

Solana (SOL), Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and various SPL tokens on the Solana network.

User-friendliness

1inch is known for its user-friendly interface and robust functionality, making it accessible for both beginners and experienced traders. The platform aggregates liquidity from various sources, ensuring competitive rates, but the complexity of some advanced features might be overwhelming for absolute newcomers.

Orca stands out for its simplicity and ease of use, making it a great choice for beginners. The platform’s intuitive interface and focus on user experience make trading straightforward and accessible, although its feature set is less comprehensive compared to more advanced platforms.

Value for money

1inch offers excellent value for money by aggregating liquidity from multiple sources to provide users with the best possible rates and lower slippage. Its unique tokenomics and occasional gas fee rebates further enhance its cost-effectiveness.

Orca offers excellent value for money with its low transaction fees on the Solana blockchain, ensuring fast and inexpensive trades. The platform’s emphasis on simplicity and cost-efficiency makes it highly attractive to budget-conscious users.

Countries of operation

Available globally, no specific country restrictions.

Available globally, focusing on regions supporting Solana.

Best for

Ideal for experienced traders and investors who are looking for the best possible rates and minimal slippage across multiple DEXs. It’s also suitable for those who appreciate advanced trading features and want to maximize their returns through optimal liquidity aggregation.

Designed for beginners and intermediate traders who prioritize ease of use and low fees. Its straightforward interface and quick transaction times make it a great choice for those new to DeFi and the Solana ecosystem.

Account

Trading

1inch is a decentralized exchange aggregator that finds the best prices across various DEXes, ensuring optimal trade execution. The platform supports a wide range of cryptocurrencies and offers low slippage, making it suitable for both small and large traders. However, its interface can be complex for beginners.

Orca is a user-friendly DEX on the Solana blockchain, offering low transaction fees and fast trade execution. It provides a simple interface suitable for beginners and experienced traders alike. However, its trading pair selection is currently limited compared to more established DEXes.

Deposit and withdrawal

1inch Exchange does not handle deposits or withdrawals directly as it aggregates liquidity from various DEXes. Users connect their wallets (like MetaMask) to trade, ensuring funds remain in their control. While this enhances security, it requires users to manage their wallets and transaction fees independently.

Orca, operating on the Solana blockchain, benefits from Solana’s low transaction fees and fast processing times. Users can connect Solana-compatible wallets such as Phantom for seamless deposits and withdrawals. This makes trading on Orca cost-effective and quick, though the selection of supported wallets is less diverse compared to Ethereum-based DEXes.

Account opening process

1inch Exchange does not require a traditional account opening process. Users simply connect their crypto wallets, such as MetaMask, Ledger, or Trust Wallet, to start trading. This decentralized approach ensures user privacy and control over funds but requires familiarity with wallet management and security.

Orca on the Solana blockchain requires users to connect Solana-compatible wallets like Phantom to begin trading. The account setup is instantaneous, with no registration required, making it highly accessible. The platform’s simplicity and low transaction fees are appealing, though users must manage their wallet security.

KYC required?

No, KYC is not mandatory for basic use through wallet connections.

No, KYC is not mandatory for using the platform.

Customer Service

1inch Exchange, as a decentralized platform, does not offer traditional customer service. Instead, users can find support through community forums, social media channels, and extensive documentation available on their website. While this decentralized support model promotes user self-reliance, it may not be sufficient for those who prefer direct customer support.

Orca, operating on the Solana blockchain, offers support through its official documentation, FAQs, and community channels like Discord and Twitter. While these resources are useful for troubleshooting, users who prefer direct support may find the lack of dedicated customer service challenging.

Security

Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

Which of these exchanges is for you?

Alejandro Borja

As an expert in the field, I highly recommend 1inch Exchange for traders looking for efficient and cost-effective crypto trading solutions. Its ability to aggregate multiple decentralized exchanges ensures users not only get the best prices but also benefit from reduced slippage. While it may appear daunting for beginners, the security and cost savings it offers make it a valuable tool for seasoned traders aiming to optimize their trading strategies across various networks.

Xavier Tarrasó

As an expert on our website, I highly recommend Orca for users looking to dive into decentralized trading on the Solana blockchain. Its user-friendly interface, coupled with low transaction fees and robust security measures, makes it an excellent choice for both beginners and experienced traders. However, do bear in mind its limitation to Solana-based SPL tokens, which might restrict trading options compared to other multi-chain platforms.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong, any exchange can have problems.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives 1inch exchange and Orca

Comparison of 1inch exchange vs Orca [ 2024 ]

Comparison of 1inch exchange vs Orca [ 2024 ]

1inch exchange

Orca

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

1inch exchange

Orca

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Minimum Trade

Trading and Transaction Fees

Number of Cryptocurrencies

Crypto-to-Crypto Trading Pairs

Website Transparency

Credit/Debit Card

Storage Offering

Staking and Rewards

Mobile App and Desktop

Customer Service

Deposit and Withdraw

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives 1inch exchange and Orca

Comparison of 1inch exchange vs Orca [ 2024 ]