Comparison of Uniswap vs 1inch exchange [ 2024 ]

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

Your expert: Alejandro Borja

Uniswap

Your expert: Xavier Tarrasó

1inch exchange

Main points

Fees

0,30%

NFTs

Native token

Token UN

fluctuates

Fees

Yes

NFTs

Token 1INCH

Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.8 – High Ethereum gas fees can make transactions costly, despite the efficient AMM model.

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

Level

0,30%

fluctuates

Brief explanation

Uniswap charges a 0.3% fee for all swaps on the platform, which is distributed to liquidity providers as their incentive for supplying assets. Additionally, Uniswap offers four fee tiers depending on the stability of the trading pairs: 0.01% for very stable pairs, 0.05% for stable pairs, 0.3% for most pairs, and 1% for exotic pairs. These fees are set by liquidity providers and can vary based on market conditions and the risk associated with the pairs. It’s important to note that Uniswap itself does not collect these fees; they are entirely distributed to the liquidity providers. Users also need to pay Ethereum gas fees, which can be high during periods of network congestion, adding to the overall cost of transactions on Uniswap .

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. For instance, if a swap is routed through Uniswap, the user pays Uniswap’s fees, but no extra charges from 1inch itself. This model allows 1inch to provide highly competitive rates by aggregating liquidity and optimizing trading paths across multiple exchanges. Furthermore, 1inch generates revenue through a portion of the fees collected by its liquidity providers and from positive slippage on trades. 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.

Uniswap

Year Founded: Uniswap was established in 2018, making it one of the earlier decentralized exchanges (DEX) that pioneered the automated market maker (AMM) model. Its enduring presence and evolution in the crypto space contribute to its trustworthiness.
Security Methods: Uniswap employs rigorous security protocols typical of decentralized exchanges where users maintain control of their private keys. This non-custodial nature reduces the risk of exchange hacks and unauthorized access.
Trading Volume and Liquidity: Uniswap is renowned for its high trading volume and liquidity, which ensures that trades can be executed swiftly without substantial price impact. This robust liquidity is a critical factor in its popularity and user trust.
Reputation and Reviews: Over the years, Uniswap has maintained a strong reputation among users for its transparency and reliability. Positive reviews across various platforms highlight its ease of use and innovative approach to decentralized trading.
Transparency: Uniswap operates on an open-source protocol that allows anyone to review its code, contributing to a high level of transparency. This openness helps build trust as users can verify the functionality and security measures firsthand.

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.

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Product selection

Native token

Yes, the native token is UNI.

Yes, the native token is 1INCH.

Earns

Yes, Uniswap provides EARN opportunities through liquidity mining, where users can earn fees by providing liquidity to various pools.

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

NFT marketplace

No, Uniswap does not have an NFT marketplace.

No, 1inch does not have an NFT marketplace.

Cripto/debit card

No, Uniswap does not offer a debit card.

No, 1inch does not offer a debit card.

Full name

Uniswap Labs

1inch Limited

Regulation

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

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

Year founded

2018

2019

Founder

Hayden Adams

Sergej Kunz and Anton Bukov

Payment methods

Transfers

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

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

Mastercard

Yes, Uniswap supports deposits via Mastercard through third-party services like MoonPay or Transak.

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

Wire transfer

Yes, Uniswap supports deposits via wire transfer through third-party services like MoonPay or Transak.

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

Card

Yes, Uniswap supports deposits via credit card through third-party services like MoonPay or Transak.

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

Comparative table

Uniswap	FEATURES	1inch exchange
Uniswap allows for very small trades, accommodating users who wish to trade minimal amounts, enhancing accessibility for all types of investors.	Minimum Trade	Trades can be as small as the network allows, but gas fees may make very small transactions impractical. Ideal for moderate and large trades.
Uniswap charges a flat 0.3% per trade, which is competitive within the decentralized exchange landscape but can be higher compared to some centralized exchanges.	Trading and Transaction Fees	Offers competitive fees by aggregating different DEXs to minimize slippage and transaction costs, making it cost-effective.
Supports a wide array of ERC-20 tokens, providing extensive variety for traders seeking to explore different cryptocurrencies.	Number of Cryptocurrencies	Supports a vast array of cryptocurrencies by connecting with multiple DEXs, providing access to a wide variety of tokens.
Offers numerous trading pairs exclusively for crypto-to-crypto transactions, utilizing an automated liquidity protocol.	Crypto-to-Crypto Trading Pairs	Extensive range of trading pairs available due to its aggregator model, allowing users to trade across different liquidity pools.
The website provides clear information about its processes and liquidity pools; however, some users may seek more detailed data on token metrics.	Website Transparency	The website provides detailed information on how trades are routed for best prices, though some users may find the depth of data overwhelming.
Primarily operates on the Ethereum network, which may limit users exclusively looking for multi-chain interactions.	Credit/Debit Card	Supports multiple networks including Ethereum, Binance Smart Chain, Polygon, among others, enhancing its accessibility and utility.
As a decentralized exchange, it does not offer custodial storage services, requiring users to manage their own wallets.	Storage Offering	Does not provide custodial storage services; users must have their own wallets, which is secure but may be a barrier for new users.
Offers liquidity providers the chance to earn fees from trades involving their liquidity pools, but lacks direct staking rewards.	Staking and Rewards	Offers governance token staking with voting rights and potential rewards, although the specifics and profitability can vary.
The website is user-friendly and well-designed for trading with ample educational resources but could use enhancements in navigational aspects.	Mobile App and Desktop	The website is well-designed with comprehensive details on operations and services, though it can be complex for beginners.
Limited customer service options; support mainly available through community channels and documentation, not direct support lines.	Customer Service	Customer support is available, but responses can be slow during high traffic times. More resources for immediate support are needed.
As a DEX, deposit and withdrawal processes are handled through user wallets without direct interaction with the platform, offering high flexibility but less guidance for new users.	Deposit and Withdraw	As a non-custodial platform, deposits and withdrawals are managed through users’ wallets, offering high security but less convenience for some.

Key features

Analysis tools

Trading charts, liquidity pool analytics, historical price data, and transaction volume statistics.

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

Mobile APP

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

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

Security

Uniswap is renowned for its security, having undergone multiple high-profile audits and boasting a long track record of safe operation. Its decentralized nature and robust smart contracts provide a secure trading environment.

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.

Additional features

Uniswap V3 introduces concentrated liquidity, allowing liquidity providers to earn more fees with less capital. It also supports NFT positions and has an automated market maker (AMM) model for efficient trading.

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.

Anonymity

Yes, Uniswap permits anonymous trading through wallet connections, without the need for personal information.

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

Key points

Available cryptocurrencies

Ethereum (ETH), Bitcoin (BTC) through wrapped tokens (WBTC), Tether (USDT), USD Coin (USDC), Uniswap (UNI), and a vast range of ERC-20 tokens.

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

User-friendliness

Uniswap is one of the most popular DEXs and is known for its simplicity and ease of use. The platform’s clean interface and straightforward swapping mechanism make it ideal for beginners, although high Ethereum gas fees can be a drawback.

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.

Value for money

Uniswap offers great value, particularly due to its user-friendly interface and extensive liquidity. However, high Ethereum gas fees can detract from its cost-effectiveness for smaller trades. Despite this, its efficient swapping and liquidity provisions are valuable.

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.

Countries of operation

Available globally, no specific country restrictions.

Best for

Ideal for beginners due to its user-friendly interface and vast liquidity. It’s also a great choice for experienced traders who appreciate its pioneering role in the DeFi space and the broad range of tokens available for trading.

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.

Account

Trading

Uniswap is the largest and most well-known DEX on the Ethereum network, offering high liquidity and a vast selection of tokens. It pioneered the automated market maker model and continues to lead in innovation. However, high gas fees on Ethereum can be a barrier for smaller trades.

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.

Deposit and withdrawal

Uniswap operates on the Ethereum network, requiring users to connect Ethereum wallets such as MetaMask for deposits and withdrawals. While it offers a high level of security and control, Ethereum’s high gas fees can make transactions costly, especially for smaller trades. Users must manage their wallets and stay aware of fee fluctuations.

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.

Account opening process

Uniswap, built on the Ethereum network, allows users to trade by connecting their Ethereum wallets like MetaMask. There is no need for account registration, ensuring user privacy and control. While the process is simple, users must handle their own wallet security and be aware of Ethereum’s potentially high transaction fees.

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.

KYC required?

No, KYC is not mandatory for using the platform.

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

Customer Service

Uniswap relies on community support through forums, Discord, and social media, supplemented by comprehensive documentation and FAQs. This decentralized support model encourages user self-reliance but may not meet the needs of those seeking direct and personalized 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.

Security

Which of these exchanges is for you?

Alejandro Borja

As an expert on our platform, I must point out Uniswap as an exemplary decentralized exchange for anyone looking to engage deeply with the crypto market. Its automated liquidity protocol is revolutionary, simplifying the trading process without needing traditional order books. For those interested in a vast array of ERC-20 tokens and providing liquidity to earn passive income, Uniswap is a platform that consistently leads in innovation and user empowerment in the DeFi space.

Xavier Tarrasó

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.

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How do we review crypto exchanges?

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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.

Comparison of Uniswap vs 1inch exchange [ 2024 ]

Comparison of Uniswap vs 1inch exchange [ 2024 ]

Uniswap

1inch exchange

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Uniswap

1inch exchange

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

Comparison of Uniswap vs 1inch exchange [ 2024 ]