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Fastest Cryptocurrency Swap – OnePageX –

Fastest Cryptocurrency Swap – OnePageX –

The Bitcoin came with a new way of handling micro transactions, storage of information and international transactions. This solved few issues that were left exposed after the famous crisis, it solved the problem of monopoly of money and lack of transparency regarding how the money is being transferred, thanks to decentralization.

Since Bitcoin emerged, for the first in 2017, the cryptocurrency market has grown to previously unimagined heights; topping out at nearly $180 billion in total market cap later…and it is till growing. This unimagined growth has been rapid and widespread as well, birthing new digital currencies, related startups, and exchanges entering the field each week. All of these latter cryptofurrencies offered boxes of different specialty. Some offered better security, scalability, interoperability, good and better dApps and so on. By so doing, year after year, the sophistication and the possibilities grew bigger and bigger, until eventually there was a complete industry of blockchain-based developments planning to disrupt every industry that has evolved ever since.

With the rise in number cryptocurrencies, there has been a corresponding rise in number of crypto transactions. And this has also brought about a corresponding rise in number of cryptocurrency exchanges. These exchanges are responsible for transfer and conversion of cryptocurrencies from one wallet to another.

Some of these exchanges however, are burdened with problems of users’ private keys and data storage and of course, safety of users digital assets. Generally, there are just two types of exchanges -the decentralized and centralized exchanges.

These exchanges are laced with several challenges such as;

• Regulatory gaps and insufficient levels of defense have made some exchanges simple to breach
• Complex platforms and user interface discourage users
• No privacy
• There have been failure on the parts of exchanges when it comes to safety of assets.

Now it can be said that the Blockchain technology is very versatile and therefore, offers big potentials. These potentials ranges from wholly disrupting the traditional financial systems to security and all digital networks.

Therefore, unlike the traditional systems, the placement of cryptocurrencies as a venue for bigger investments, meant that the demand for a place to exchange one crypto for another one easily would only get bigger with time. Crypto ethusiasts will surely know that there are a lot of well known exchanges where users can freely trade one crypto for another one, however, there are also a lot of newer and smaller exchanges with a lot of promising features and new innovations, that can be even better than the big exchanges and already existing ones.

Recently, there is an exchange that is totally, operationally and systematically different from others and that is the OnePageExchange(OnePageX).

Now, I present to you, OnePageX exchange.

ONEPAGEX

OnePageX is a unique decentralized crypt to crypto exchange. It is the Fastestcrypto exchange.

OnePageX is more than just a normal decentralized exchange, it is sort of a one-user interface for exchanging or transferring cryptocurrencies. It offers the largest selection of Cryptos online and it is still expanding to offer a more larger conversion selection. OnePageX aims at to enabling trading of the highest number of cryptocurrencies with just a simple interface. With OnePageX, no user registration is required. Users just need to open the website and start exchanging!

On OnePageX, users have the luxury of more than 140 cryptocurrencies to convert to but can only convert from Bitcoin. However, OnePageX is working on interoperating several other cryptocurrencies that will be converted from. Below is a small view of some cryptocurrencies on the exchanger

An up-to-date exchange rate outlines is also automatically provided for each transaction as the amount is entered and the deposit limits are clearly outlined.

ONEPAGEX UNIQUE FEATURES:

No Registration Required:
OnePageX does not require account or user sign up. Each time a user generates a transaction their URL or web link, it will be added on a “session” on OnePageX. All that is needed to easily get on OnePageX again is to save the page, bookmark or save the link of that transaction. Moreover, the addresses generated can be used as many times as possible as well as the transactions status can be seen always.

Widget Integration:
OnePagerX also provides an easy integrating widget called OneBox. OneBox is a turnkey solution for interoperating OnePageX on any website.

To get OneBox on one’s website, all that is needed is to copy and paste the snippet code that is on the OneBox page!

OneBox runs on both desktop and mobile devices thereby offering the full functionality of OnePageX in a one view. More so, a public API is in development and will be released soon.

Transaction Fee:
OnePageX chares 0.5% transaction fee on all transactions with a little network fee which of course, are shown in the estimates.

OnePageX Transactions:
In line with keeping the interface simple, OnePageX allows multiple transactions from one page. Transactions are added in the form of cards that users can come back to and use any time.

Transaction Status Indicators:
These are transaction cards that indicate the status of each transaction. This is to provided to enable users get sufficient access to information about each state of the transactions.

Recently, the ‘Check Transaction On Explorer’ and ‘Social Share’ features have been added.

TRANSACTION PROCESSES:
When a user wishes to exchange assets;

• A transaction card is created.

This transaction card shows the details of each transaction stage.

• OnePageX provides a deposit address which the Bitcoin will be deposited into. When the Bitcoin is sent, the transaction status card shows a “waiting for deposit” text.

• When the Bitcoin is supposedly sent, the status card indicates the confirmation status with a “0 of X confirmations”.
This implies that the deposit is still not yet confirmed on the blockchain and this can be due to low transaction fee or blockchain congestion.
However, this is a problem of the blockchain.

• When it gets to “X of X confirmations”, that means the exchange has been completed and it can be withdrawn to the user’s receiving address.

Here, a “Pending Withdrawal” message is displayed. “Pending Withdrawal” indicates that the exchange has been completed but since withdrawals are batched and sent out intermittently, the transactions will be completed in few minutes.

• Withdrawal is finally carried out and it is completed, that’s all.

However, multiple deposits can be made to the same address on the same page. It is also pertinent to note that, it is only Bitcoin that can be sent for exchange for now. OnePageX is working in interoperating other exchanges for deposit.

Transactions or exchanges on OnePageX occurs instantly though this is not really done until the deposit is confirmed. Factors like blockchain congestion, asset type and amount of transaction fee causes variation in exchange time. Nevertheless, transactions are completed in less than 25 minutes.

OTHER TRANSACTION STATUS FEATURES:
Below Minimum: This is the minimum amount that can be deposited for exchange. To avoid deposits being forfeited, users should avoid depositing below minimum amounts and must ensure that the estimate shown on the estimator is not zero.

Flagged for Review: This is caused by uncontrollable external factors and indicates that a transaction has issues. Nevertheless, the funds are safe and an admin always attends to the transaction.

OUTLINED BENEFITS OF USING ONEPAGEX:
1. No sign up needed.
2. Largest selection of cryptocurrency
3. Simple interface
4. OneBox widget integration
5. Less risk of asset theft

Moreover, because there’s no regulation on what coins are listed on the exchange, users can exchange whatever digital assets they have. A decentralized exchange like OnePageX will tap into untouched liquidity in certain assets, because most times, if exchanges will not list an asset, users of that coin have no means of transacting. It’s often difficult to get an asset listed on exchanges. For these assets, decentralized exchanges are very vital. This wide selection of cryptocurrencies provided by OnePageX will then give holders of less popular coins the opportunity to exchange their coins for other values.

Since OnePageX does not require user’s registration and information, this will not only ease transfer and exchange of assets but will also make sure OnePageX does have users’ data which then eliminates the risk of users’ data and assets being stolen.

Lastly, being able to perform multiple transactions from one page saves data, time and makes the process very simple and easy even for technical or blockchain novices.

Check on https://onepagex.com/ to use OnePageX.

Published at Sun, 19 May 2019 16:20:58 +0000

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