In the previous article I mentioned the Crypto world issues and the functionality of the OneExBit platform. I have also made a personal statement about why I want to invest in the project. See details Here!

In this article. I will analyze the competitors of OneExBit so that we can see the advantages and disadvantages of this great platform.

1. Overview of competitors.

Although cryptocurrency is gradually becoming popular and well-known, leading to the advent of thousands of platforms, applications, dapps .... However, there are very few applications or devices that support trading on multiple exchanges, which makes OneExBit have the opportunity to become the most popular support device in the Crypto world.
As for indirect competition, it comes from wellknown terminals for trading in other markets, which could potentially add crypto trading functionality in the near future. Of course they will certainly have an expansion plan but there are certainly many challenges because each market has its own characteristics and requirements. It won't be necessary because we already have OneExBit ^^!

2. Direct competitors.

a. Coinigy

Also in beta testing.

Some pictures of this platform

Market interface

• Over 40 integrated exchanges. ✔️
• stats and graphs provided by TradingView. ✔️
• API trading and portfolio tracking.✔️
• There is no coin peculiar to this ecosystem. Instead it is paid directly by paypal or btc, eth, ltc ... ❌
• Complex, overloaded interface that requires a lot of experience to master. ❌
• High subscription fee – circa $20 a month – which is only suitable for active traders. ❌

b. QT Bitcoin Trader.

A long-established and popular trading terminal that partially automates Bitcoin trading. The identities of the developers are not known, but supposedly the creator of QT is a certain Igor from Ukraine, who answers users’ questions on
Bitcointalk.

• A free terminal created by independent developers, many integrated exchanges, easy to use. ✔️
• Dated interface, frequent errors, trading in BTC only, limited functionality, absence of a developer certificate for Mac. ❌

c. MetaTrader 5

A widely popular trading terminal geared at the Forex and stock market. Crypto
trading is available through specialized brokers. Connecting directly to crypto
exchanges is not possible.

• A large number of available currency pairs; an interface well known to Forex
  traders; a wide range of features. ✔️
• Сrypto trading is only possible through a broker; far from all brokers are reliable; crypto trading is not the main focus of the terminal.❌

In conclusion, let us provide screenshots of all the mentioned apps in comparison with OneExBit:

Coinigy

QT Bitcoin Trader.

MetaTrader 5

OneExBit

As can be seen from the illustrations, the OneExBit interface combines a slick design and an intuitive way of displaying data, making it a worthy alternative to Coinigy.

One more thing about the interesting feature of the OneExBit platform I want to mention. In the near future, the Social-trading feature, an interesting feature, will definitely improve.

• The concept of social trading on the traditional markets has gained popularity thanks to the eToro platform; however, it is only now starting to be implemented in the crypto market. The key elements of social trading are as follows: a) possibility to find and add traders to one’s “friends” to see their updates on one’s feed, just like it is done in social networks: b) copying trades of chosen users; c) exchange of experience and a message system or chat to discuss the market situation. The social trading module of OneExBit will include all these elements.
• While searching for traders to add to one’s feed, it will be possible to view their transaction history and filter the list by total and average profit, by asset risk levels, etc. Having found an interesting trader, the user will not have to start copying his or her trades
• right away: it will be possible to just add the trader to favorites and follow their updates (orders and posts). Beginners will be able to ask traders questions and learn by analyzing their strategies and results. The goal of social trading is practical learning, and trades should be copied mindfully. Of course, each trader can decide to join the social trading module or not.
• Professionals who wish to participate in social trading will be added to a special trader showcase, displaying their statistics; the most successful members will be displayed on the “wall of honor”. Trades can be copied manually or automatically; there will be options to copy all trades made by a trader on one of his or her accounts, on several, or on all.
  Please join us for more details about the project as well as future updates.
  Official links:
  Website: https://oneexbit.com
  Twitter: https://twitter.com/Oneexbit1
  Telegram: https://t.me/oneexbit
  Discord: https://discord.gg/auE5MDx
  Medium: https://medium.com/@smmonex
  Reddit: https://www.reddit.com/user/smmoneexbit
  YouTube: https://www.youtube.com/channel/UCXTH2La9LXL26asXsCQiJ9w
  Bitcointalk: https://www.youtube.com/channel/UCXTH2La9LXL26asXsCQiJ9w