Cryptocurrecy exchanges is the bedrock to the Cryptocurrecy market. Vast majority of these exchanges face limitations like centralization which gives rise to insecured funds, low liquidity and lack of price uniformity.
It is evident that centralized exchanges like Binance have contributed to making cryptocurrecies accessable and popular. It is also obvious that this exchange work against the decentralized ideology of cryptocurrecy which ought to give users a full control of their assets.
Many cases of hacks have been reported in the time past in regards to centralized exchanges which are highly susceptible and are no different from other centralized institutions that exposes users to third party risk.
This negative publicity of exchange hacks has instilled fear and doubts in the hearts of potential traders who might be willing to invest into cryptocurrecies and thus, slows down the adoption and global spread of cryptocurrecy technology.
• THE SECURITY CHALLENGE
Unlike centralized exchange, decentralized exchange do not have a middleman or third parties which could have access to users private keys. Users are in control of their own keys which makes it safer for them.
It seems the potential solution to the problems identified in centralized exchanges is the decentralized platform that allows users to be in control of their assets to trade in a peer-to-peer manner. This process do not only reduce fees but makes exchange less vulnerable to malicious attacks.
However, the decentralized system has its own limitation. The are not beginner friendly especially to those who are new to the world of cryptocurrecies. It might require a level of user adaptability which could be a discouraging factor for potential investors.
• PROBLEM OF PRIVACY
The centralized system of exchange do not guarantee privacy for a user's vital information which includes the amount of funds he has, his address and the address of whom he might be transferring funds to. This puts him at risk because all personal information is displayed to everyone.
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OnepageX, the short form for onepageexchange is the simplest cryptocurrecy exchange with a good number of cryptocurrecies available for exchange. The aim of OnepageX is to make the process of trading and converting cryptocurrecy easy and simple with a maximum level of security when transacting. This is made possible because no form of registeration is required to perform transactions; a user can get started by selecting a cryptocurrecy of their choice and trade.
OnepageX ensures security of assets because no form of registeration is required to get started. Every time a user generates a transaction, their URL will add a session. Simple bookmark the page or copy and paste the link to come back to it. The addresses generated can be used indefinitely, and a user can also come back to see the status of their transactions.
Source
Demanding for a registeration process means making a user traceable and vulnerable to malicious attacks.
The NO registeration process of OnepageX ensures security of funds for users because he is not only made anonymous, but his information cannot be accessed by anyone except him. Another beautiful thing about the platform is the easy to use system which do not require any technical expertise to get started.
Also, the exchange allows for multiple transactions from one page. Users can access their history because transactions are added in the form of cards which they can access at anytime.
On OnepageX, 0.5% is charged along side with a small network fee which is included in a users estimate.*
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OnepageX is geared towards integrating with other exchanges to ensure the find the best prices for any given cryptocurrecy. As at now, 140 + Cryptocurrecy is available for trading. Having a good number of cryptocurrecies in one place would bring about organization, a solution in cases of emergency, exploration, comfortability, easy and fast transactions.
a) ORGANIZATION
So many Cryptocurrecy users have more than one exchange apps they use. This could lead to having so many private keys which could be forgotten. This is not the case of OnepageX which brings cryptocurrecies together for easy transactions. This means less applications, more memory space and secured assets. As said earlier, you don't need to pass through any registeration process to use OnepageX, this makes they user anonymous, securing his personal information and assets.
b) GOOD IN THE CASE OF EMERGENCY
It is beneficial to have a platform as OnepageX to perform multiple exchanges from one page.
As investors, there are times you might want to invest when the value of a currency is low or withdraw when it has increased in value; having a platform like OnepageX would help achieve those purposes because we can be able to check the prices and quickly invest or withdraw when the time comes. This to a large extent brings about profitability for traders.
c) EXPLORATION
Most investors have one or two currencies of interest and might not be aware of those that have the potentials of increasing in value in the future. Bringing different cryptocurrecies together might be an encouraging factor to invest and try new ones which might turn out well in the future.
d) EASY AND FAST TO USE
Having a collection of cryptocurrecies makes things easier and faster for users. Users do not have to go through any technical know how to operate the exchange because it's user friendly.
OnepageX is encompassed with so many unique features which are not found in most exchanges today. It does not risk they user assets by undergoing through registeration processes that could disclose vital information about them or their assets to hackers.
The platform has been designed in a simple way for all. It has also made trading easy and stress free by bringing together different currencies for easy reach.
ONEPAGEXTRANSACTION CARD INDICATORS
This cards gives a user an idea of his status for any transaction he makes. Below are the steps to perform transaction from creation to withdrawal.
NEWLY CREATED TRANSACTION CARD
BITCOIN SENT, AWAITING TWO CONFIRMATIONS
EXCHANGE COMPLETED, WITHDRAWAL IN PROGRESS
WITHDRAWAL FINALIZED! TRANSACTION COMPLETED
ONEPAGEX WIDGET AND INTEGRATION
This exchange platform has being designed with a widget that can be implemented by websites by just copy-pasting a snippet. This will enable websites to perform quick Cryptocurrecy exchange. This widget is known as onebox which is similar to the page of the exchange.
DURATION ONEPAGEX TAKES IN TRANSACTING
The transactions are almost done immediately once the deposited currency is confirmed. However, exchange can be faster if appropriate fees are used when sending Bitcoin.
Use-Case
Smith is a cryptocurrecy trader who single handedly run a platform that assists people who withdraw their cryptocurrecies. At times, he gets multiple orders from clients to do an exchange/exchanges. Due to the demand of services, he makes use of so many exchanges and devices to enable him to be more effective. He hears of OnepageX and adopts it. He no longer have to make is of so many devices or exchanges because he can perform all operations at a central point with OnepageX. This means effectiveness
Use-Case 2
Anita has been skeptical about Investing in cryptocurrecies because of the security challenges and outrageous fees attached to trading. She hears of OnepageX and becomes interested in cryptocurrecies because it does not only guarantee security of her assets but is flexible and charges 0.5% with a small transaction fee which I included in the estimate.
CONCLUSION
Cryptocurrecy is indeed the future and Improvements in exchange like OnepageX would help in adoption of cryptocurrecies faster because it is easy and secured to use.
FOR MORE INFORMATION & RESOURCES:
WATCH THIS VIDEO PRESENTATION
OnePageX Website
OnePageX FAQ
OnePageX OneBox
OnePageX Twitter
OnePageX Medium
OnePageX Steemit
OnePageX Telegram
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