It is generally accepted in cryptocurrency space that each exchange has different cryptocurrency sets to trade with different features and often inadequate charting solutions. As a result, users are forced to buy and sell cryptocurrency at various sites, while trading with leverage on other sites, and mapping cryptocurrency on other sites.
Such an unnecessary deployment of services makes it difficult to enter the cryptocurrency space, and carve out the need of places where merchants can access all popular services related to cryptocurrency trading, including leveraged, copy trading, and charting trades.
Altcoin is more difficult to obtain than Bitcoin, because in the case of most altcoin, you can only buy it for Bitcoin. Bitcoin, however, can be purchased at many online brokers, or multiple exchanges that operate with fiat currency, among other solutions. Some of these exchanges (eg Bitfinex, Bitstamp, Coinbase) feature a set of altcoins, but, admittedly, the list of altcoins supported by them is very limited.
The generally accepted process, therefore, is to first buy Bitcoin, and then convert it into altcoin in a special exchange, such as Bittrex, Poloniex, or Binance, among others. We believe there must be an unobstructed way for the everyday user to obtain various options for altcoin fiat currency. The solution we propose to this problem is the exchange where users can buy and sell altcoins for fiat currencies that can make altcoin more accessible, and therefore, will make altcoin more widespread.
Of course, when someone engages in an activity that has never been tried before, it is a prerequisite for someone to know the "dos and donts" of that activity. For this reason, the lack of trade skills often proves too discouraging to the uninitiated to try their skills in any type of trade, including trading crypto currency.
Other financial markets (eg stocks, Forex, etc.) have successfully adopted the idea of social commerce, or trade copy, which has allowed people not to trade skills to benefit from those markets in return for a fraction of the profits they make to copy people other.
The cryptocurrency space has not found a widespread adoption of copy trading yet, which is why we believe people need to have access to trade copy along with the usual method of cryptocurrency trading. Therefore, our platform will feature an easy-to-use copy trading feature to allow for users with lower trading skills to participate profitably in cryptocurrency trading.
Successful project developers with ICOs have struggled to get listed tokens because of the huge listing costs that the exchange expects to bear for the project. As a result, annoying projects that deserve attention from the crypto community may not be registered and thus enter into a position where their growth is hampered by the lack of attention generated through their token list.
This issue can only be solved by a no-cost list process where the focus is on innovation the developer team provides to the community and industry, and not the price that the developer team can pay to get their tokens.
Although many cryptocurrency exchanges have been around for years, most of them still ignore the evaluation and improvement of their user interface. As a result, traders often have to face the grueling learning process of how each site can be fully utilized.
In addition, traders are generally forced to resort to external graphic making services when using exchange due to poor graphics and lack of sophisticated trading tools and can be customized on a given exchange. The lack of attention given to all these details is a major issue that must be removed from the way the cryptocurrency is traded for the entire industry to grow.
Lots of hacking instances where cryptocurrency exchanges fall victim, causing billions of dollars of user funds to fall into the wrong hands, is a sure sign of trouble with the security of cryptocurrency exchange that needs to be addressed. The best solution to this problem is the crypto exchange to build their information infrastructure in a manner consistent with strict security standards.
Liquidity, or the exchange ability to provide sufficient volume to buy or sell orders to be executed without major delays or enormous price movements, has also become a problematic area facing crypto traders. Although the lack of liquidity can be attributed to the relatively small size of the cryptocurrency industry with an estimated total market capitalization of $ 330 billion at the date of writing, this crypto trading area should be increased and can be improved in various ways.
With the increase in liquidity across all trading pairs, the exchange of cryptocurrency can match a satisfying and satisfying user experience in which traders are not forced to wait weeks for their orders to find the appropriate order in the order book, or not cause too high price fluctuations with sending small market orders in the market with almost nonexistent trading volume.
Due to the relatively unregulated nature of the cryptocurrency industry, the exchange of cryptocurrency has not been suppressed by any power to provide efficiency and valuable technical support to its users. Such omissions, however, have resulted in a large number of dissatisfied users who are forced to give up on exchange when faced with simple technical problems or even unauthorized access to their accounts and funds.
While the importance of this exchange aspect may have shunned the attention of exchange developers so far, as the cryptocurrency ecosystem continues to evolve, a good 24/7 support structure should be integrated into exchange routines to secure user satisfaction and usability of the website.
BitEsprit has been planned as a department store for trading digital currencies. It comes with built-in trading capabilities, which facilitate bitcoin trade and fiat fiat. The developers have a vision of removing barriers to entry for altcoin trading. Thus, they will give the same opportunity for all new people to succeed in the world of crypto.
The platform will implement a fiat-altcoin trade pair that will give users direct access to the various altcoins they can trade. In addition, their platform will make it easier to spend profits made in fiat. With this platform, each user will have the opportunity to access the BitEsprit debit card connected to the user's fiat balance. You do not have to go through dozens of sites to get what you need. BitEsprit has been designed with all your needs in mind.
The mission of this platform is to remove all barriers to entry into the altcoin ecosystem. This will be done for both merchants and new projects that seek to make their mark. In exchange made by this project, traders will get direct access to altcoin. In addition, altcoin developers will find it easy to enroll. Currently, they have to pay high fees if they want to be listed on the exchange.
This project will give everyone the same footing to earn capital and grow. Barriers come in a lot, and they have affected everyone in the crypto world. In addition to exchange, everyone will gain access to a platform that offers all relevant services with just a few clicks. No matter where you are, trading on this platform will be possible. This has been made for beginners and experts.
BitEsprit will allow users to trade altcoin against fiat currencies. This means that in addition to the three cryptocurrency bases, (BTC, ETH, BEC), three fiat currencies, ie USD, GBP, and EUR, will be available as the base currency for trading. Then, other local currencies will also be tradable as the base currency.
Trading has an exchange fee of 0.15%. Our users will be able to save and withdraw fiat currency to / from their BitEsprit account other than tradable cryptocurrency in our platform. In addition, we will integrate PayPal, Neteller, Skrill, and China UnionPay payment solutions to make it easier for you to use our platform.
Another important element of our strategy is to facilitate the issuance of debit cards directly related to BitEsprit accounts, which will make it easier for traders to spend their realized profits. This debit card will be available for use at any point of sale that accepts MasterCard. Placing funds on a BitEsprit debit card will be internally facilitated, so that once our users make a profit, they are really just a click away from spending the money.
Copy Trading: Our copy trading platform will allow for our users to automatically copy other user's trades. Photocopiers will be able to copy multiple user accounts and will be able to specify what percentage of the available balance in the base currency they wish to devote to each user being copied.
If a user does not directly want to copy a merchant, that user can follow trader's trades and receive an alarm when a trade is posted to be copied by a merchant. It also means that traders who have activated their trades to be copied can arrange any of their trades as open to copy or as private and therefore not disclosed to their copier.
Additionally, if the copier has a zero balance of the base currency of the trades made by the trader being copied, the system will not be able to place orders for the copier and send an alarm copier saying that the trade has been placed by the trader who copied on the base currency where the copier has a zero balance.
Orders are automatically placed on behalf of the photocopier based on the percentage of capital entered by traders who are copied in the trade. For example, let's say the merchant who copied A has a total balance of 10,000 USD and he puts 10% ($ 1000 USD) into the trade. Copier B has a total balance of 2000 USD used by a photocopier of 20% (= 400 USD) to copy A, then the system places 10% of the amount specified B into the trade opened by A, which is equivalent to 40 USD.
Merchants who are copied will be able to determine the fixed number of cryptocurrencies (eg 0.001 BTC) as commissions paid by the photocopier. Subscriptions have a one month long life, after which the contract renews itself automatically unless the photocopier chooses to unsubscribe. The exchange only takes 10% of the commission paid by the photocopier.
As a customer protection mechanism against scammers who want to get rich quick commissions, the merchants who allow their trades to be copied will receive their commissions derived from trades that are copied two weeks after the user subscribes to copy them. Over a two-week period, the amount paid as a commission is locked by the system and available to be returned if the copier chooses to cancel its subscription. Canceling a subscription means that the photocopier will not be able to for three months to subscribe to copy the merchant who has been unsubscribed from the copy machine. Because of this failure mechanism, photocopiers will be given an incentive to consider their subscriptions wisely and stick to their subscriptions for more than 2 weeks.
The obstacle to our system running smoothly is the liquidity, ie the system's ability to find the appropriate order on the other side of the order book to the copied merchant, and therefore all of their copiers, place. A strategic partnership with our liquidity providers will ensure that photocopiers can participate in the same trade with the merchants they copy.
The BitEsprit platform will also feature an online multi-cryptocurrency wallet that will be integrated into the BitEsprit exchange. This means that our users will keep their personal wallet keys and get a quick and simple way to transfer the funds they want to trade from their wallets to the BitEsprit exchange. In addition, our users will be able to connect their BitEsprit online wallet to a hardware wallet, such as Trezor.
BitEsprit comes in the form of a digital currency named BEC. The BEC Token will go on sale from April 12, 2018 to May 27, 2018, at a price of 1 BEC equivalent to 0.85 USD. The token purchase itself can be done with foreign currency such as BTC and ETH. Do not forget, get also purchase bonuses at certain time period.
BitEsprit itself is the result of teamwork led by Barnabas Baranyi, Barnabas Baranyi has many years of experience in corporate communications, marketing and international sales. He has accumulated substantial experience in various industries related to technological innovation, such as telecommunications, or digital media. She has been an active cryptocurrency trader for two years who gave her a deep understanding of the cryptocurrency ecosystem. BitEsprit strives to provide their best capabilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
So that' s all our ICO project review for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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