We can find 1Inch Wallet at official link:
Type of Platform:
Coinbase: Coinbase is a centralized cryptocurrency exchange that allows users to buy, sell, and trade various cryptocurrencies. It also offers a wallet service for storing and managing digital assets.
1inch: 1inch is a decentralized exchange aggregator that aims to find the best prices for users by aggregating liquidity from multiple decentralized exchanges (DEXs).
Centralization vs. Decentralization:
Coinbase: Coinbase is a centralized platform, meaning it operates with a central authority, and users trust the platform to securely manage their funds.
1inch: 1inch operates in the decentralized finance (DeFi) space, focusing on decentralized exchange services. It aims to provide users with optimal trading routes across decentralized platforms.
Custody of Funds:
Coinbase: Coinbase holds custody of users' funds on the centralized exchange. Users can also use the Coinbase Wallet for self-custody.
1inch: 1inch, as an aggregator, does not hold custody of user funds. Users interact directly with decentralized exchanges, retaining control over their private keys.
Supported Cryptocurrencies:
Coinbase: Offers a selection of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. The range may vary by region.
1inch: Primarily focuses on decentralized exchanges and supports a variety of ERC-20 tokens and other assets.
User Interface and Ease of Use:
Coinbase: Known for its user-friendly interface, suitable for beginners. Offers an easy-to-use platform for buying and selling cryptocurrencies.
1inch: Designed for users familiar with decentralized finance. The interface may have a learning curve for those new to DeFi concepts.
Fee Structure:
Coinbase: Charges fees for buying, selling, and transferring cryptocurrencies. Fee structures may vary based on transaction types and account types.
1inch: Transaction fees on 1inch are typically associated with interacting with decentralized exchanges and may include gas fees. The aggregator aims to optimize trading routes for cost-effectiveness.
Additional Features:
Coinbase: Beyond trading, Coinbase offers features like staking, educational resources, and a cryptocurrency debit card (Coinbase Card).
1inch: Primarily focuses on decentralized exchange aggregation but may introduce additional features over time.
Mobile Apps:
Coinbase: Offers a user-friendly mobile app for both iOS and Android devices.
1inch: Mobile access may depend on the specific wallet or interface used for interacting with 1inch services.