It is a fully decentralized platform that includes a A browser-based decentralized cryptocurrency wallet,decentralized cryptocurrency exchanges, and decentralized cryptocurrency IEO launch platform .
ORXCASH supporting p2p BTC ⇋ ETH and BTC ⇋ ERC20 Token swaps via Atomic Swaps, ORXCASH does not store your data, keys or coins. It operates directly on your browser with no software or plugin installations and downloads required.
you’re able to store your crypto assets without any fees, your private keys are encrypted and never leave your device. You fully control your funds.We do not store any information about you or your account and private keys. It is your responsibility to save your private keys. Once lost, your wallets and coins will be lost forever and it cannot be retrieved
You Need to Know About orxcash.com
WHAT IS ORXCASH?
ORXCASH Wallet is a completely decentralized cryptocurrency wallet which supports Bitcoin, Bitcoin Cash, Litecoin, EOS, Telos, Ethereum, and some popular ERC tokens. ORXCASH Wallet is a unique wallet which features a truly peer-to-peer coin-coin and coin-token exchanging feature. This feature is powered by the ‘Atomic Swap’ technology, which is just another way of explaining the act of combining multiple blockchains into a single interface for users to directly interact and exchange coins with one another.
WHAT DO YOU MEAN BY ATOMIC SWAP?
Atomic swap is a peer-to-peer exchange of cryptocurrencies from one party to another, without going through a third party service like a crypto exchange. During this entire process, the users have full control and ownership of their private keys. For more information, read this ARTICLE.
Atomic Swap Explained in Simple English
Atomic Swap Explained in 3 Minutes
WHY SHOULD I USE A DECENTRALIZED?
Over $1 Billion+ were lost up until today as a result of hacking incidents on centralized wallets and exchanges. Transparency is never always guaranteed with centralized services. Hence, many avid cryptocurrency users are quickly shifting away from centralized services to decentralized/non-custodial platforms.
Another reason is the hectic fees involved with centralized services. Market makers/takers are usually charged around 0.1% for each exchange activity and there are deposit/withdrawal fees involved. Remember, we are not here to sell anything and we charge 0 fees for any of the services we offer. We have simply created this decentralized wallet + p2p exchange because we are passionate about bringing solutions to the existing problems within the industry. By using Bitcoin.js, web3.js and the libp2p library in IPFS, we allow users to seamlessly swap coins and tokens (cross-chain) directly with one another without any 3rd parties involved & without any fees involved.
Many centralized services additionally require you to complete KYC as funds are received directly into their wallets. We do not require users to verify their identifications as we do not handle your funds nor do we store your data anywhere with us. Nobody can freeze or suspend your account or funds and prevent you from performing transactions. It’s the way it should have been and will always be.
WHICH BLOCKCHAIN-COINS-TOKENS ORXCASH SUPPORT?
We support Bitcoin, Litecoin, EOS (account can only be imported), Telos, USDT, Ethereum, and some popular ERC20 tokens , DAI, GNT, MKR, LINK, HOT, ZIL, MTH, BAT, REP, OMG, ZRX. This list will grow as the platform matures.
WHAT ARE THE FEES INVOLVED?
We take 0 fees in the middle for providing these services to you. However, you still have to pay the standard TX (miners fees) for all transactions you conduct on the platform.
For ERC20 tokens, it is required that you have at least 0.001 ETH on your wallets. Remember! when sending ERC20 tokens, you are required to hold some ETH as miners fees for transactions. This is also the case for all atomic swaps for ETH & ERC20 tokens.
NOTE: You can easily check the ‘miners fees’ required for each respective coin by simply googling them.
HOW ARE ORXCASH BETTER THAN COMPETITORS?
HOW ARE YOU BETTER THAN YOUR COMPETITORS?
None of the decentralized exchanges allow users to actually swap BTC <> ETH <> ERC20 Tokens. They either require you to ‘wrap’ your BTC or ETH… or they’re straight up lying about being ‘decentralized’. orxcash.com doesn’t require users to ‘wrap’ their coins as we have simply implemented the ‘atomic swap’ technology, allowing users to directly interact with various blockchains on a single interface.
0x (Kyber, Radar Relay, Airswap) – work only with ETH and ERC-20 tokens, no support for other blockchains.
Binance DEX, BitShares, EOS DEX – proxy-token or token-wrapping required and funds are required to be sent to the administrator or special CEXs. The exchange of these IOU (proxy-token) cannot always be 100% guaranteed.
Polkadot Bridge, Cosmos – they serve as cross-chain IOU services only. Exchange is guaranteed by the consensus and there is no way to trade Bitcoin.
Atomic Wallet – p2p Atomic Swaps are only supported for BTC, LTC, QTUM. They deal with a wide range of coins & tokens but these are not supported by atomic swaps & they use centralized services such as Changelly for exchanges of these coins & tokens. Additionally, Atomic Wallet’s atomic swaps do not support partial fulfillment.
Spark Swap, Exchange Union – software download required and works only on the console itself.
Changelly, Shapeshift, Zigzag – centralized (custodial) services at most times requiring full KYC.
WHICH COINS CAN I ACTUALLY USE FOR 'ATOMIC SWAPS'?
- Bitcoin ⇋ Ethereum or ERC20 or Litecoin
- Ethereum ⇋ Bitcoin or Litecoin
- Litecoin ⇋ Bitcoin or Ethereum
- USDT ⇋ ERC20 Tokens
- ERC20 Tokens ⇋ Bitcoin or USDT
Swap Support for BCH, EOS, TLOS are coming soon.
HOW DO 'ORDERS' ON THE 'ORDERBOOK' WORK?
The orderbook itself is decentralized as we keep no records of users and no data on our servers. Each user stores orders and sends them in the form of data to other users via the IPFS pub sub network – which is based on the principles of IRC (Internet Relay Chat), an application-level protocol for real-time messaging.
How are orders created?
1. The user selects a pair in the interface and indicates the amount he/she wants to sell (amount should be available on the wallet).
2. User’s browser creates a message based on the protocol, signs it with the user’s private key (for identification) and sends it to the IPFS pub sub network
3. Other users receive this message via their browsers and adds the order to their local copy of the order book.
4. If someone wants to execute the order, this message is sent directly to the creator of the order only.
WHY WAS MY EXCHANGE/SWAP REQUEST DECLINED?
All exchanges are conducted directly with other peers using our platform. Therefore, we can never intervene with your swapping processes & delete orders in any way. The only explanation of why your request was declined is because the other user did not want to perform an exchange/swap with you at this point of time.
Common causes of rejection:
-Your account is not credible (few exchanges = low ratings)
-The other party has found another user for the swap
-The other party does not have enough funds to actually perform the swap
HOW LONG DOES IT TAKE TO SWAP MY COIN?
When the order maker & taker are matched, the actual time taken for swaps do not take any longer than 10 minutes (assuming that both parties have enough funds on their wallets). For example, BTC -ETH typically takes less than 40 seconds to receive ETH and up to 3 minutes to receive BTC.
'BITCOIN NODE' IS DOWN. WHAT SHOULD I DO?
If you cannot access your wallet because the ‘Bitcoin Node’ is down, use external wallet services such as blockchain.info to import your wallet & withdraw funds.
ARE SWAPS DONE "ON-CHAIN" OR "OFF-CHAIN"?
All coin-coin and coin-token swaps are conducted “on-chain” with the help of our decentralized orderbook via IPFS feature + reputation system + atomic swap solutions.
HOW IS THE VOLUME & LIQUIDITY?
Although we are doing our best to attract as many users as we can to use the platform, we have to admit that the relatively complicated nature of decentralized platforms often push users away. There are plans to implement an arbitrage & market making bot in the near future, which will help fulfill orders for users in need of instant liquidation/swaps.
HOW TO SAVE PRIVATE KEYS?
1. Visit your wallet and click on ‘Show private keys’.
2. You can either ‘copy to clipboard’ and paste it on a notepad or download it as a .txt file. Make sure to store these private keys on a secure place (recommended: USB).
HOW TO DEPOSIT COINS OR TOKENS?