The BitPay Wallet app has integrated with 1inch, a leading decentralized exchange (DEX) aggregator focused on finding the best cryptocurrency prices. This integration allows BitPay users to exchange crypto directly within the app, offering more flexibility and better rates.
With this new feature, BitPay Wallet users can access optimized crypto swap rates quickly and seamlessly. The partnership leverages 1inch’s advanced technology to provide efficient and cost-effective trading directly within the BitPay ecosystem.
Enhanced Crypto Swapping with 1inch Integration
The integration enables users to swap Bitcoin (BTC) and Ethereum (ETH)—acquired via BitPay Card, Apple Pay, or Google Pay—for other cryptocurrencies. By utilizing the 1inch network, users benefit from improved rates and faster transaction speeds.
1inch operates as a DEX aggregator that scans multiple liquidity sources to find the most favorable trading rates. Its algorithm, known as Pathfinder, identifies optimal trading paths across more than 60 liquidity sources on Ethereum, 30 on Binance Smart Chain, 20 on Polygon, and Optimistic Ethereum. Since its launch, the 1inch aggregator has facilitated over $60 billion in trading volume on Ethereum.
Broadening Crypto Management Options
The BitPay App supports a wide range of cryptocurrency management functions. Users can buy, store, and spend crypto, make online payments, purchase gift cards, and convert bitcoin into traditional currency. The app is designed for everyday crypto spending, secure storage, and streamlined fund management across multiple platforms.
This integration is part of BitPay’s ongoing effort to enhance user experience and provide more decentralized financial tools. Whether you are new to crypto or an experienced user, these features help simplify digital asset management.
👉 Explore advanced crypto swapping methods
Frequently Asked Questions
What is a DEX aggregator?
A DEX aggregator combines liquidity from various decentralized exchanges to offer users the best possible trading rates. It scans multiple platforms simultaneously, ensuring optimal price execution and reduced slippage during swaps.
How does the 1inch integration benefit BitPay users?
BitPay users gain access to better swap rates, faster transactions, and a more seamless trading experience. The integration allows efficient crypto exchanges without leaving the BitPay app, saving time and minimizing costs.
Which cryptocurrencies can I swap using this feature?
Currently, users can swap Bitcoin and Ethereum for other supported cryptocurrencies. The feature is designed to expand over time, incorporating more digital assets and blockchain networks.
Is the BitPay App safe for storing and trading crypto?
Yes, BitPay incorporates robust security measures, including encryption and secure authentication protocols, to protect users’ funds and personal information. Always ensure you are using the latest version of the app for the best security.
Can I use traditional payment methods to buy crypto in BitPay?
Absolutely. BitPay supports purchases via BitPay Card, Apple Pay, and Google Pay, allowing users to convert fiat currency into crypto easily and then swap it within the app.
Will this feature be available on all mobile devices?
The BitPay App is available for both iOS and Android devices. The 1inch integration is included in the latest version, which can be downloaded from official app stores.