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1inch Wallet vs Binance Wallet

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

1inch Wallet4.3/5
VS
Binance Wallet4.0/5
Feature
1inch WalletVisit
Binance WalletVisit
Ratings
Our score4.3/54.0/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Ease of use4.54.5
Chain support4.54.5
Features4.54.0
Privacy4.03.0
Specs
KYC required NoNot disclosed
Wallet typeMobileMobile, Browser extension, MPC
CustodySelf-custodialMPC (shared)
ChainsEthereum, BNB Chain, Polygon, Optimism, Arbitrum, Base, Avalanche, Solana, OtherEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Tron, Cosmos, Other
PlatformsiOS, AndroidiOS, Android, Chrome, Firefox
Hardware wallet support YesNot disclosed
In-app swaps Yes Yes
Staking YesNot disclosed
Buy crypto in appNot disclosed Yes
WalletConnect YesNot disclosed
Security featuresMEV protection, Encrypted file backup, Cloud backup, Hardware wallet integrationMPC key shares, Cloud backup encryption, dApp approval manager, MEV protection
Recovery without a seed phrase No Yes
Built-in dApp browser Yes Yes
Company
Founded20192023
Headquarters——
InvestorsNot disclosedNot 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
  • Supports over 60 blockchains, including Bitcoin, Solana, and EVM networks
  • Uses MPC key shares instead of a manual seed phrase
  • Direct integration with Binance app and browser extensions
  • Built-in DEX aggregation with MEV protection framework
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  • March 2025 exploit on an outdated Fusion parser drained $5 million from resolvers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
  • Recovery requires access to cloud backup storage providers
  • Key recovery workflow remains reliant on Binance infrastructure
  • Third-party DEX swaps incur network fees and variable slippage
Best forActive multichain DeFi traders, Mobile users swapping across networks, Traders wanting integrated MEV protectionBinance mobile app users, Cross-chain decentralized app traders, Users avoiding manual seed phrases

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.