Exchange can be said to be a form of trading. Trading and it's evolution has been a significant factor in the journey of mankind. It can be said to be as old as man. Trading is the coming together of different people for the exchange or buying and selling of goods all for mutual benefit. Through trading, there has been innovation of techniques and better communications between people of different race and culture. The existence of trade was recorded during the stone age era which was approximately 2.6 million years ago.
THE ORIGIN OF TRADE (STONE AGE)
Just like the name implies, during this era, stone tools were used for hunting. People travelled in search of food and shelter and trading at this period was conducted within smaller communities.Goods were traded in form of barter, that is the exchange of goods and services for goods and services. With the use of this method of trading, money was not involved.
Trading evolved from exchange of goods and services with stone tools to exchange with commodities like livestock, salt, metal, rare stones.
From 8000BC trading was made with Money in the form of objects such as weapons, metal artifacts, pottery, copper, plant produce.etc. and then finally Gold, silver, bronze, cattle, cowry shells, salt etc were used for exchange.
With the improvement in communication during the 20th century, and the less need of meeting in a place for transaction to take place comes the rise of the electronic trading.
The first electronic trading apart from NASDAQ which was the first recorded world electronic stock market in 1971 was Globex which is an example of widespread electronic trading conceived in 1987 and fully launched in 1992. This allowed the access of variety of financial market treasuries, foreign exchange and commodity.
In 2008 with the rise of bitcoin cryptocurrency comes with other cryptocurrency exchanges.
Cryptocurrency exchange is like a digital marketplaces where people exchange one cryptocurrency to another and there are four major cryptocurrency exchange. They include
Trading exchanges.
Decentralized exchanges
Broker exchanges
P2P exchanges.
STATEMENT OF PROBLEM
Right from the very first crypto exchange till now, the fight to get a better and improved exchanged platform has being on.
Cryptocurrency exchanges which includes
Binance, GDAX, EtherDelta, Coinbase, Coinmama, Localbitcoins, Localethereum and others not mentioned above have been associated with some of the downsides/problems listed below.
Liquity problem
Price manupilation
Forex and binary challenges
Transaction delay in cryptocurrency trading
Loosing a wallet file
Lack of uniformility in price
Error in address
SOLUTION TO PROBLEMS
With every problem comes a solution and with the problems associated with cryptocurrency exchange i present to us ONEPAGE EXCHANGE known as OnePageX
OnePageX is the simplest cryptocurrency exchange with a wide selection of cryptocurrencies. The name OnePageX is short for OnePageExchange. The philosophy behind OnePageX is to simplify the process of trading and converting cryptocurrencies. OnePageX does not require any registration. Simply pick your cryptocurrency of choice and get started
OnePageX's VISION AND WHAT IT OFFERS
There is always a vision behind every project and OnePageX has its vision based on making life in cryptocurrency exchange simple. The simplicity of OnepageX is shown from the very beginning by eliminating registration.
With this everything has been simplified. The user only needs to generate a transaction and his/her URL will be stored in the session and available when ever the user has need for it again.
Although OnepageX is still a new project, it currently has more than 140 cryptocurrency available on its exchange list thereby showcasing the bright future of its project.
Multiple projects can also be carried out in a page. This enables multitasking and eliminates the problem of time wasting usually encountered in crypto exchange.
With OnePageX, the best price is guaranteed as it dedicates it's time to make available the best exchange price. It also eliminates the problem of lack of uniformility in prices and manipulation of prices.
OnepageX also introduced widget and integration known as OneBox which websites can use to perform quick transactions.
We should note that transactions carried out in onepageX takes little or no time to complete as this is one of the major aim on which the project was built on. To also enable a faster transactions, one should ensure to use the right fee.
USE CASE
michael was introduced to cryptocurrency by a friend. Being a very busy man who has little or no time for himself, he trust his friend to do all exchange for him because of the time consumption.
His friend travelled and that was when Michael discovered OnePageX and realized that transactions are done instantly without time wasting here.
CONCLUSION
The advancement in technology all ends with enhancing and making life easier and favourable to man. With the introduction of OnePageX to the exchange market, life in crypto exchange is made simple.
With the varieties of cryptocurrency in OnePageX, one can perform different transactions without looking for another exchange group to carry out another transaction.
OnePage also made it possible to perform multitask in a single page. This makes transaction simple and less confusing.
Ones privacy/anonymity is highly guaranteed while using OnePageX.
Below is a summary of how transactions are carried out in OnePageX in three(3) simple steps:
