Crypto ecosystem has been booming since Bitcoin’s arrival in 2009, today we have a developed market, and a technology which has endured a decade of intensive testing. Many pessimists stated that Blockchain Technology will not be able to withstand the hardships of the market, but even after crypto prices crashing on 2018 the number of new crypto ventures has increased tremendously.
In presence of this vibrant environment, there is no surprise that the competition between different services providers in the crypto ecosystem is increasing by the day, therefore polishing the characteristics of each service and improving the user experience they provide.
Since we have a vast diversity of cryptocurrencies (at the time of writing this article there are +2100 different cryptos listed on coinmarketcap), the core service of the crypto sphere is freely exchanging between the huge number of cryptos that exist today. Swapping between different cryptos should be as easy as loading a new tab in your web browser and as secure as transferring your funds in a traditional bank.
Many have tried to provide a service that doesn’t fall short of the expectations of crypto investors, but most of then have failed badly.
Current exchanges services lack of three vital characteristics that prevent them from fully satisfying its users:
1st, the many steps and the personal information needed to fill a Know Your Customer (a.k.a. KYC) verification badly harms users privacy and trading user experience.
2nd , most exchanges have a limited portfolio of cryptocurrencies for users to chose from. When you take a look at how many interesting and promising crypto-related projects are created, the lack of intuitive and easy to use platforms for users to readily get the tokens from such potential successful projects hinders the development of the crypto ecosystem.
3rd, in order to outpace the current centralized system we need to offer a more user-friendly crypto-platform for users to readily jump in. Since crypto ecosystem are fairly complex, nontech-savvy users have struggled to get smooth experiences and are quickly discouraged to onboard this awesome new opportunity that crypto has provided to us all.
The gigantic number of possibilities when choosing among the hundreds of different cryptos for investing opportunities. But, multiple altcoins creates a burden that we all have been bearing for many years. Since many altcoins strived to offer a better set of features for users, each one of them took a different approach to the technical elements when they created their platforms.
This diversity created a wider offer of unique characteristics on each new crypto, but interoperability and cross-chain integration were sacrificed creating hundreds of isolated crypto ecosystems..
Thereafter, we have been forced to rely on third parties (a.k.a. exchanges) to handle our trades between different cryptocurrencies.
Besides, exchanges have requested personal information from users, thus limiting users privacy. Moreover, they have been attack-vectors for continuous hacking and fund theft. Exchanges have suffered loses by 980,000 BTC, this is around $5 billion at current prices.
How can we expect crypto to go mainstream if these weaknesses on the overall of the crypto ecosystem are still unaddressed? The fear to lose have been always greater than the joy for gains. Until a more reliable system is created cryptos will be constrained to a bunch of chilled tech-savvy enthusiasts that know how to handle the hardships that newbies suffer when onboarding into the crypto ecosystem.
A solution for a private, user-friendly, and reliable exchange mechanism is required, a platform that allows users to enjoy all the privacy, simplicity, and security that current monetary system offers. OnePageX is creating such a platform and it is going to change for the better the way we exchange our cryptos.
OnePageX knows better! They have a platform that works just in one page, hence its name One Page Exchange (OnePageX). OnePageX does not require users to sign on their platform, they have created the simplest exchange platform on the world!
OnePageX vision is to provide a unique service that prevents users from wasting their time and protect their privacy. Even more.
OnePageX service provide the widest BTC pair option for users to easily exchange their BTC to the altcoin of their preference.
Crypto Trade In Three Steps
Select the desired crypto to start your exchange from. I am very satisfied since OnePageX already offers support for EOS, Steem, Ethereum and Bitcoin. They have other options and they have stated that they will not stop adding more. Then you chose what crypto you will want to receive.
Add the address where you want to receive the funds, you could add a tag or memo, and finally click on the Start Exchange Label.
A tab containig the URL with the “session” that records your transaction and a card with its status will be created.
The card will be updated to keep track of the status of the transaction. The exchange is done as soon as the deposit is confirmed, the confirmation time depends on the Bitcoin Blockchain.
OnePageX Transaction fees
A sensible fee of 0.5% plus some network fees will be charged, all the fees are included on the estimated balances displayed when creating the exchange card.
What do the status messages on the exchange card mean
0 of X confirmations.
The deposit is still unconfirmed on the Blockchain and OnePageX has not received the funds yet. Since the confirmation time depends on the Blockchain traffic and on the fees paid by the user, is not possible for OnePageX to reduce the confirmation period.
Withdrawal Queued
Withdrawals are batched and sent at fixed intervals. When the card displays this message, users can know that their
exchange is about to be completed.
Below Minimum
Despite OnePageX would love to process even the tiniest transaction, this is not possible due to peer-transaction costs. Users have to be certain that their deposit amount is above the minimum withdrawal and that their exchange outputs produce a non-zero result on the exchange estimator.
OnePageX outstanding technical features.
Are you a wordpress site manager, and you want your users to readily use the avantages that OnePageX offers you just have to copy & paste the following code on your web page.
< div style="display: flex; justify-content: center;">
< iframe src="https://onepagex.com/box/v1" width="800" height="400"
style="border: none;">Unable To Load Widget< /iframe>< /div>
Use case
Samuel is a manager of several stores on a retailers market in the Uk, he offers a wide scope of products on all his stores, thus driving all kind of clients who have a huge diversity on their preferences. Samuel is totally engaged with crypto, thus he accepts a few as a form of payment in all his stores.
Linda, a young Mexican tourist, visits one of his stores. She really likes the merchandise on Frank’s stores and she wants to buy a lot to gift it as presents for her relatives when she cames back to Mexico. She already has spent most of her dollars and she only has Bitshares and Steem. When she tries to pay with her bitshares Samuel’s employee is unable to accept her payment because he only has Bitcoin, Ethereum, and LiteCoin wallets. The situation is a loss for all parties, Danna left the store empty-handed and Samuel loses the opportunity to sell merchandise worth several hundreds of dollars in one sell.
When Samuel is informed about this he feels frustrated and immediately goes to his laptop to find a solution. While googling user-friendly exchanges he reads several posts on Steemit about an exchange service that will create a new paradigm! He finds OnePageX and he feels like he was blessed with the perfect service for his retailer stores. He immediately has his employees learn in just ten minutes who to make exchanges on OnePageX so they can give proper attention to all customers. Even more, Samuel have OnePageX on his business web pages creating a more attractive site.
He decides to spread the word among his friends and other stores owners on the retailers market. Soon everybody if speaking how OnePageX will be their favorite exchange because they no longer have to provide any personal documentation nor they have to go through excessively complex exchanges mechanism.
Conclusion
We have an immense variety of possible users for the crypto ecosystem, in the world we live we always have super crowded agendas that left us with little to no time left to spare.
Taken this into account, the OnePageX team have created the more user-friendly exchange services on the world. All the process to exchange your Bitcoins for any other crypto just takes a few clicks, and since no KYC is required the precious privacy of every user is protected along the process.
More services like the one that OnePageX offers is what crypto need to finally get mass adoption. By providing a reliable, simple, and private exchange service OnePageX have driven us closer to the day when crypto will be the norm and not the exception.