OnepageX is a cryptocurrency conversion tool which provides a service which undertakes the purchasing and selling of cryptocurrency assets at a specified prices. In OnepageX, exchanges are processed in the sense that cryptocurrency assets or cryptos are transferred from one wallet to the other.
We all know that centralized exchange platform requires opening an online account and having your coin or token in it, which we all know is highly prone to hacking and also might result in you losing all tokens Instead of creating an account on a centralized platform, OnepageX being very secured and also make fast selling of cryptos as saved a lot of stress in the exchange of taken and also in the reduction of transaction.
PROBLEMS ENCOUNTERED BY CRYPTOCURRENCY EXCHANGE PLATFORM
There are many challenges to be overcome to improve user’s experience in cryptocurrency exchanges like:
Cost of Trading: there are many exchange platform which charges very high transaction fee. Due to the high rate in transaction fees, there is reduction in the rate at which trading is done making traders or crypto holders more discouraged.
Insecurity: Another major problem encountered by exchange platform is insecurity, due to insecure exchange platforms, over 1 million BTCs was stolen as a result of hacking in 2011. Most cryptocurrency platform is prone to hacking and trader might lose all funds or crypto assets.
Unreliability: Some cryptocurrency exchange platforms are not reliable. This exchange experiences a lot of system breakdown which makes crypto holders to lose their funds and record losses making it unreliable for traders to use.
HOW WILL ONEPAGEX SOLVE THE PROBLEMS ENCOUNTERED BY CRYPTOCURRENCY
OnepageX being the next generation exchange platform will serve as a foundation where multiple crypto assets can be traded and exchanged. This system will really facilitate swift exchange of cryptocurrencies at a very less cost.
Since the system is a bit new, as time goes on, the system will make sure all challenges are overcome in making the market unified.
There are multiple of cryptocurrency market which predicts prices of token or coins. OnepageX cryptocurrency exchange market will scan efficient cryptocurrency paths to get the best price of coins and also the equivalent of different coins through conversion rates.
OnepageX does not require a memo while transacting and that’s what makes it so unique. Just imagine you want to convert a coin and new deposit address is created instantly for the coin you want to exchange.
OnepageXis really new and are currently in their beta stage, transactions fees are not high, they charge 0.5% of all coins to be exchanged and all fees are included in the estimates.
DOES ONEPAGEX REQUIRES VERIFICATION WHILE TRANSACTING?
OnepageX does not require any checks for any transactions to be made and does not require having an online account to transact.
Let’s take for example, you want to exchange a certain amount of Bitcoin(BTC), let’s say 0.5BTC to Ethereum(ETH). Here is a guide or procedures on how this token can be exchanged.
Go to the OnepageX webpage: As the name implies, it’s a one page platform so immediately the webpage opens up , you click on the receiver ticker and select BTC and input the specific amount to exchange and automatically the equivalent amount of ETH will be processed and generated.
Enter The Receiver Address: As the equivalent amount is processed, the receiver address is entered or inputted and the exchange icon is clicked. The deposit address which the token to be exchanged for will be generated. As the specific amount of token inputted is deposited , you immediately get what you exchanged it for.
Withdrawal Complete! The transaction is done.
USE-CASE
Pepe is a crypro expert who trades on many cryptocurrencies , but since he began adapting to some of the exchange market , it became more tedious , some exchange platform would require him to sign up and follow certain rules before trying an exchange.
He noticed most exchanges are very slow, insecure and does not give correct equivalent of onverted cryptocurrencies. He got to know about OnepageX from his friend and decided to try it.
Since then, exchanges as been made easy,swift and secured just on a single page.
