Introduction
Since the early days of mankind, people have traded - exchanged one type of goods for another and vice a versa. Many ancient civilizations, such as the Persians, reached high levels of cultural and economical development mainly thanks to trading. Cities, where the trading was usually carried out, grew big and powerful, with beautiful achitecture and neverending flow of people and money.
Empires were being created and destroyed, world's political map has been constantly changing, new lands were being discovered. And yet, through the Classical Age, Middle Ages and Renaissance, one thing was remaining as important as it ever was: trading.
Fast forward to 21st century. People are no more exchanging coffee and rice at the marketplaces: most popular modern day trading goods are cryptocurrencies. The marketplaces are now replaced by cryptocurrency exchanges. Unfortunately, vast majority of cryptocurrency exchanges is suffering from several problems.
The idea of cryptocurrency was introduced to the world in 2008 and in just a decade the cryptocurrency market is worth USD 220 billion. Like I said before, this must be the shortest time from the introduction of a concept to earning big in the market. As of today, which is 2018, there are more than 1500 crypto-coins available for trading. And that is not all, the pace is only set to increase. There are a number of ICOs planned for 2018 and such ICOs will only continue to grow in the coming years. In other words, expect at least 100 coins being added to the list every year; and that is the minimum we are looking at. But the thing is, there are only about 200 crypto-exchanges worldwide supporting this USD 220 billion market.
Let’s look at the numbers that we just discussed. 200 crypto-exchanges supporting USD 220 billion market means, roughly each crypto-exchange is supporting USD 1.1 bn worth of transactions (or market capitalization). We know that there will always be a skew with few exchanges supporting billions of dollar worth of transactions while most of the exchanges would be finding it difficult to support even USD 1 million worth of transaction. So, not only are the exchanges few but the amount of business they can support is also quite limited for most, barring the bigger exchanges.
Problems of modern crypto exchanges
Interface is difficult to understand Many cryptocurrency exchanges have cramped, unintuitive interfaces, forcing users to spend their time learning to use them. What's more, it is possible that you will make a mistake due to choosing the incorrect option among the several hundreds. In the end, you lose time and money.
Choice of available cryptocurrencies is laughably small How often have you encountered the situation, where you cannot exchange BTC for your preferred crypto? Chances are, that you have encountered such situation very often.
Registration is required Most exchanges ask you for your e-mail address, some go even further and require personal information. After you submit all the personal data needed, you have to wait for verification. And wait, and wait, and wait...
Hidden fees Not all exchanges are open about their fee policy - sometimes, it can be seen that there is a fee (possibly, quite big) only after the transaction is processed.
How OnePageX solves these problems
Clean, simple interface The whole exchange process happens on the single page. Yes, you heard that right - single page! What's more, instructions are given.
A quick usage guide To exchange BTC for your preferred crypto, follow four simple steps:
Choose your preferred coin
Enter your wallet address
Note: memo is optional in this example This step will ever-so-slightly wary depending on your choice of coin. Don't be confused - just enter your receiving wallett address.
Click the button "Start exchange"
Copy the deposit address
Click on the button next to the deposit address to copy it. Send your BTC to this address.
As you can see, this whole procedure is brilliantly simple and takes only about two minutes. The transaction itself usually takes no longer than 25 minutes (but in most cases it is much, much faster) - this is due to different blockchain, not OnePageX limitations. You can always see your transaction status at the bottom of the same page:
Transaction cards On every transaction card, there is a dynamically changing status indicator to help you track the status of your transaction. There are 4 possible states of indicator: Waiting for deposit
Exchange in progress
Withdrawal in progress
Transaction complete
Several transaction cards can be displayed on OnePageX page - one transaction card for every transaction you have made/are making:
Sessions Each time you use OnePageX and transaction cards are generated, new session is being created. You can save this session's unique URL to access it later. Anytime. Anywhere.
Wide choice of available cryptocurrencies
More than 140 coins are available, including Bitshares and EOS. Steem will be added soon. As for now, the coins can only be exchanged from BTC, but it will change in the nearest future. Remember - this is only the beginning, which means that impressive available cryptocurrency count will continue to grow.
No registration is required As you saw from my mini-tutorial, registration is not required to use OnePageX. This means that you can remain anonymous.
Transparent fee system All the fees are shown before the transaction is carried out. A fee is 0,5% + a small network fee.
- OneBox widget - simple to use yet powerful
. What is it? OneBox widget offers all the functionality of the OnePageX exchange in a widget form. It is basically a smaller copy of the OnePageX website in a widget.
. How to add it to your website? To integrate the OneBox widget into your website, just copy the code given here.
use case
Use case #1 - Individual Stephen is a library worker. Stephen is new to cryptocurrency sphere. Recently, his co-worker introduced him to Bitcoin, and Stephen bought some BTC. Since then, Stephen has been learning about altcoins. He wanted to invest in a few most promising ones, but, unfortunately, got really confused with crypto exchanges - they all seemed too difficult for him to understand.
He was ready to give up, but then, his friend told him about OnePageX. Stephen was impressed with the simplicity of OnePageX and soon made his first exchange. He is still using OnePageX for investing in new coins and selling them for BTC when needed.
Use case #2 - Business Lisa writes a tech blog. Before the end of 2017, most articles in it were smartphone and laptop reviews, but after the Bitcoin's price rallied to 20K USD, Lisa started to write about cryptocurrencies as well. Soon, whe encountered an issue: many people left her website to check the price of the altcoin she was writing about and forgot to come back. Lisa tried to combat this phenomenon by including coin prices in the article itself, but soon realized that it wasn't the clever thing to do as the prices change constantly.
Luckily, in her search of the solution, Lisa found out about OnePageX and, specifically, OneBox widget. She integrated the widget in her website easily and now, no one leaves her website as the coin conversion rates are available in the widget! What's more, readers can even buy altcoins without leaving Lisa's website, which means that both the readers and Lisa win thanks to the OneBox.
Some FAQs Please note these FAQs are reproduced from OnePageX website and can be found here N/B: 0% FEES FOR 2018
OnePageX is offering 0% transaction fees for the rest of 2018!
That’s right, trade without any fees! We are happy to bring this to our users so that they can give us a try!
Summary At a time when crypto world needed an approachable method to trade, OnePageX rises to the challenge and presents itself as a worthy candidate. It can not only enable trade as most other exchanges do but also make it easy for users to access and initiate.
The ease with which a user can get started will surely encourage new segments of users to try out the crypto world. In doing so, OnePageX manages to convince traders as well as novices that crypto world trading is not as tough as it appears to be!
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