1inch Network Unveils New Hardware Wallet

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The decentralized finance (DeFi) landscape continues to evolve, and 1inch Network is stepping up its game with a bold new move: the launch of its own multi-coin hardware wallet. As one of the most trusted names in decentralized exchange (DEX) aggregation, 1inch is expanding beyond software solutions to offer users a secure, offline way to store their digital assets. This marks a significant milestone in the platform’s mission to enhance security, accessibility, and user control across the DeFi ecosystem.

A Strategic Expansion into Hardware Security

The 1inch Foundation has officially funded the final development stages of its upcoming hardware wallet, signaling a full-scale entry into the hardware security space. With release plans set for late 2023, this new device aims to provide cold storage capabilities that rival industry leaders like Ledger and Trezor—while staying true to 1inch’s decentralized ethos.

Hardware wallets are widely regarded as the most secure method for storing cryptocurrencies. By keeping private keys offline, they protect users from remote hacking attempts, phishing attacks, and other online threats. The upcoming 1inch hardware wallet will follow this gold standard, offering non-custodial storage with full user control over private keys.

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Designed for Security and Simplicity

One of the standout features of the 1inch hardware wallet is its minimalist, secure-by-design architecture. The device is fully sealed—airtight and buttonless—eliminating physical attack vectors. It requires no internet connection during operation, ensuring that sensitive data remains isolated from potential threats.

Instead of traditional USB or Bluetooth connectivity, the wallet uses QR codes for transaction signing, with NFC support available as an optional alternative. This air-gapped communication method ensures that transaction data can be securely transmitted between the hardware device and a user’s smartphone or computer without exposing private keys to the web.

Equipped with a 2.7-inch touchscreen interface, the wallet offers an intuitive user experience for reviewing and approving transactions. Despite its advanced features, the device maintains a sleek, compact form factor—ideal for everyday portability.

Battery access is designed to be user-replaceable, extending the device’s lifespan and reducing long-term dependency on manufacturer support—a rare but welcome feature in today’s tightly sealed hardware models.

Built by the Community, Backed by Innovation

The development of the 1inch hardware wallet has been driven by a dedicated team within the 1inch ecosystem, supported by grants from the 1inch Foundation. This community-powered approach aligns with the core principles of decentralization, transparency, and open collaboration that define the broader DeFi movement.

With development now in its final phase, anticipation is building around the official release. While exact pricing and availability details have not yet been disclosed, early indications suggest a competitive positioning in the market—offering premium security at an accessible price point.

Seamless Integration with 1inch’s Ecosystem

As the largest DEX aggregator in the DeFi space, 1inch already processes billions in trading volume across multiple blockchains. In 2022 alone, the platform facilitated over $1.8 billion in trading volume, connecting users to optimal liquidity sources across Ethereum (ERC-20), BNB Chain (BEP-20), Avalanche, Fantom, Polygon, and more.

The new hardware wallet will naturally integrate with this powerful infrastructure. Users will be able to:

This synergy between hardware security and DeFi functionality sets the 1inch wallet apart from generic storage solutions.

What Makes the 1inch Wallet Unique?

While many hardware wallets offer similar core functionalities, the 1inch device introduces a key innovation: support for multiple seed phrases.

Most hardware wallets allow only one recovery seed per device. If that seed is compromised or lost, all associated funds are at risk. The 1inch wallet breaks this limitation by enabling users to store and manage multiple independent seed phrases on a single device.

This feature significantly enhances both security and convenience:

Seed phrases—also known as recovery phrases—are sequences of 12 to 24 randomly generated words that grant full access to a cryptocurrency wallet. They are the backbone of self-custody in crypto, and their protection is paramount.

By supporting multiple seeds, 1inch empowers users with greater flexibility and resilience—without sacrificing ease of use.

Future-Proof Design with BIP-44 Compliance

The wallet adheres to BIP-44 (Bitcoin Improvement Proposal 44) standards, ensuring compatibility with hierarchical deterministic (HD) wallet structures. This means users can generate multiple addresses from a single seed, improving privacy and organizational efficiency.

While initial versions won’t support Bitcoin natively, future firmware updates are expected to expand coin compatibility—including BTC and other UTXO-based chains. The decision reflects a strategic focus on Ethereum Virtual Machine (EVM)-compatible networks first, where 1inch has the strongest user base.

FAQ: Your Questions Answered

Q: When will the 1inch hardware wallet be released?
A: The device is in its final development stage and expected to launch later in 2023. Official release dates will be announced through 1inch’s verified channels.

Q: Can I use the wallet with non-EVM blockchains?
A: Initially, support will focus on EVM-compatible chains like Ethereum, BNB Chain, Polygon, and Avalanche. Support for additional networks—including Bitcoin—is planned for future updates.

Q: How does QR code transaction signing work?
A: When initiating a transaction via a connected app or browser extension, a QR code is generated. You scan it with your 1inch hardware wallet, review the details securely offline, then sign and return the approval via another QR code—keeping private keys completely isolated.

Q: Is the wallet open-source?
A: While full firmware details are pending, 1inch has emphasized transparency and community auditability as core values. Open-source components are likely part of the long-term roadmap.

Q: Does it support NFTs and staking?
A: Yes. The wallet will support NFT management across major marketplaces and enable secure participation in staking protocols through integrated dApp connectivity.

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A Secure Future for Self-Custody

In an era where cyber threats are growing more sophisticated, having full control over your digital assets has never been more important. The 1inch hardware wallet represents a major leap forward—not just in security, but in usability and ecosystem integration.

By combining cold storage reliability with seamless DeFi access and innovative multi-seed functionality, 1inch is setting a new benchmark for what a modern crypto wallet should be.

Whether you're a seasoned DeFi trader or new to self-custody, this upcoming device promises to deliver peace of mind without compromising performance.

👉 Start preparing for secure crypto management today—explore your options now.

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