OnePageX: cryptocurrency exchange made simple
This article introduces to esteemed readers a crypto exchange platform ONEPAGEXthat allows you trade and exchange multiple crypto currencies with ease.
Introduction
The blockchain and cryptocurrency provides uses with the opportunity of trading that is more secure, transparent, anonymous and out of the control of any financial authority or government manipulation.
Cryptourrencies just like the traditional fiat currency have been designed to work as medium of exchange in the world of trading today. Due to its decentralized nature , security and anonymity of transactions, many users have adopted the use of cryptocurrency. When Bitcoin first arrived and won over a certain amount of users, so many cryptocurrency came up. This was because traders wanted their transactions to be very secure and most importantly out of the manipulation of a central authority.
The advent of a plethora of digital or virtual currencies led to the desire for inter-currency transaction. One cryptocurrency to be exchanged for another. Then came exchanges that provided the users the platform for these transactions to take place. Traders can now buy, sell, transfer and receive digital currency more effectively.
Certain Issues with exchanges
Some of these exchanges had outrageous fees which must be paid by the trader in order for the exchange to facilitate his transaction.
The know your customer (KYC) policy was a means for these exchanges to truly verify that users are who they claim they are. However, the KYC had some drawbacks:
the cost of running these KYC processes has been increasing over the years. An increment by 16% in the year 2017 and still increasing. These rise in costs can adversely affect these platforms.
customers who engage in the KYC on most exhanges provide personal information that must be vetted by the exchange to ensure or validate their identity. This customer on boarding process are very complex and with the current rise in cryptocurrency users the time spent on the process will definitely increase. Right now most institutions take up to 3weeks to complete the KYC process for thier new customers.
There are over a thousand cryptocurrency today some having certain strengths and advantages over the other. These currencies need to interact and they so using different exchanges. This is because most of the exchanges do not support trading or transactions of certain cryptocurrencies. For a user who has a lot of investment in an considerable amount of cryptocurrency this can be a problem for him.
What if I told you that there was ONE solution to this problem of EXCHANGE of multiple currencies? Multiple cryptocurrency exchange all in a single PAGE.
I bring to you ONEPAGEX
What is OnePageX?
OnePageX is a simple cryptocurrency exchange that offers a wide selection of cryptocurrency; and rids the exchange of these cryptocurrencies of complex registration processes.
Just because it has to be great does not mean it has to be complex
OnePageX currently supports over a 140 cryptocurrencies.
Benefits of OnePageX
[A] NO REGISTRATION
To get rid of the whole multi step and complex registration processes associated with current platform, the OnePageX platform offers its users a "no registration" feel.
Every transaction created by a user simply adds a session on the browser. If the user wishes to use that current session, he simply copies and paste the URL or bookmarks the page. Easy and simple as they come!!!
[B] SPEED
The rate of transaction on the platform is almost instant. However, transactions cannot achieve completions until the deposits are confirmed. The confirmation of these transactions are a function of the fees to be paid, the nature of the asset(s) being traded and the level of congestion in the blockchain. That being said, the transactions should achieve completion in less than half an hour.
[C] WEBSITE INTEGRATION
Certain exchanges do not support the whole or even all the best cryptocurrency available. These websites or exchanges can leverage the web tool provided by OnePageX. It is caller the ONEBOX. The onebox is a simple widget created by OnePageX to allow websites use their exchange services.
The integration process is not rocket science; the snippets are copied and pasted and voilà! quick cryptocurrency exchange is achieved. The onebox widget is both mobile and desktop friendly.
[D] fees
The transaction fees which play a major role in determining the speed of the transaction, is 0.5% of the transaction with a small network fee.
Transaction on OnePageX
the OnePageX platform has a simple interface for easy usage.
every transaction is anonymous and cannot be traced back to real world identities.
the transaction are created as cards.
Status Indicators
The status indicators provide users with succinct and accurate information on the state of the transaction. A basic live representation of the current stage of the user exchange. The indicators are as follows
[a] 0 of X
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X is any positive integer. This implies that the deposit has not been confirmed. It is usually caused by fees of the transaction or by the level of congestion on the blockchain. It is not the fault of the exchange. It will be processed eventually.
[b] Withdrawl Queued
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This implies that the deposit has been completed and the transaction will be completed in no time.
[c] Below Minimum
Exchanges have a lower limit of amount of currency that can be transferred by a user. Going below s preset value of the OnePageX will lead to forfeiture of the deposits.
AS A USER, ENSURE THE DEPOSITS ARE WITHIN THE PRESET LIMITS.
[d] Flagged for Review
Any issue that may arise with a transaction is carefully scrutinised by the administrator and the transaction is proceeded as soon as possible.
My animation
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