1inch Wallet vs Balance

How 1inch Wallet vs Balance compare on our ratings, wallet specs, funding, pros and cons.

Feature	1inch Wallet Visit	Balance Visit
Ratings
Our score	4.3/5	2.7/5
User rating	No reviews yet	No reviews yet
Security	4.0	2.5
Ease of use	4.5	3.0
Chain support	4.5	2.5
Features	4.5	2.5
Privacy	4.0	3.0
Specs
KYC required	No	Not disclosed
Wallet type	Mobile	Not disclosed
Custody	Self-custodial	Not disclosed
Chains	Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, Base, Avalanche, Solana, Other	Not disclosed
Platforms	iOS, Android	Not disclosed
Hardware wallet support	Yes	Not disclosed
In-app swaps	Yes	Not disclosed
Staking	Yes	Not disclosed
WalletConnect	Yes	Not disclosed
Security features	MEV protection, Encrypted file backup, Cloud backup, Hardware wallet integration	Not disclosed
Recovery without a seed phrase	No	Not disclosed
Built-in dApp browser	Yes	Not disclosed
Company
Founded	2019	—
Headquarters	—	United States
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Native swaps across 18+ blockchains without routing through third-party bridges Self-custodial architecture requiring no identity verification or KYC Zero gas fees available on supported swap modes Hardware wallet pairing supported through Ledger devices	The Balance prototype demonstrated sending Ether through Optimism Public GitHub repository
Cons	No native desktop application available March 2025 exploit on an outdated Fusion parser drained $5 million from resolvers Unbacked private keys cannot be recovered if device access is lost	Permanent loss of funds if the recovery seed phrase is lost Team size listed as 1 to 10 employees
Best for	Active multichain DeFi traders, Mobile users swapping across networks, Traders wanting integrated MEV protection	Ethereum layer 2 users, Self-custodial asset holders, Users sending Ether through Optimism

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.