BitEsprit - Cryptocurrency Exchange All-in-one that Features the Altcoin-fiat Trade Partner

Mei 24, 2018

What is BitEsprit?
BitEsprit is an all-in-one cryptocurrency trading solution with built-in copy trading functionality, facilitating both Bitcoin and altcoin trading against fiat currencies. Their vision is to remove barriers to entry into altcoin trade. To turn this vision into reality, they are designing a trading platform copy to ensure that all beginners cryptocurrency start their journey to trade with equal opportunities.

BitEsprit is an exchange of all-in-one cryptocurrency features featuring altcoin-fiat trading partners, debit cards issued by BitEsprit related to fiat user balances, copy trades, toll-free ICO token list, and advanced diagramming functions to redefine the way the industry thinks about altcoin exchange.

BitEsprit Mission
The mission of BitEsprit is to remove barriers to entry into the altcoin trading ecosystem for both traders and promise new projects that want to gain attraction. Their exchange will help those traders who have struggled with the lack of direct access to altcoin, lack of trade expertise, unusable user interfaces, and unsafe exchanges, among others. In addition, altcoin developers also experience major problems caused by the extremely high cost of exchange fees for new ICO tokens to be included in their selection. Therefore, our goal is to provide equal opportunities for these projects in gaining access to liquidity to help them grow without being exposed to financial constraints such as exorbitant registration fees.

PROBLEM
Disintegration of Trading Services
It is generally accepted in cryptocurrency space that each exchange has different cryptocurrency circuits to trade with different features and often not enough graph solution. As a result, users are forced to buy and sell cryptocurrency on many different sites, while trading with leverage on other sites, and map crypto currency on other sites. Such unnecessary services make it difficult to enter the cryptocurrency space, and carve out the need of a place where merchants can access all popular services related to cryptocurrency trading, including leveraged trades, trade copy, and charting.

Lack of Altcoin-Fiat Trading
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 various 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. Generally accepted processes, therefore, have first purchased Bitcoin, and then converted to altcoin in a special exchange, such as Bittrex, Poloniex, or Binance, among others. We believe there must be an unobstructed way for everyday users to get a variety of altcoin options for fiat currencies.

Lack of Trading Skills
Of course, when someone does an activity that has not been done before, it is a prerequisite for people who are familiar with "dos and donts" of that activity. For this reason, lack of trade skills may often prove to be too discouraging for those who do not know to try their skills in any type of trade, including trading crypto currencies. Other financial markets (eg stocks, Forex, etc.) have successfully adopted the idea of social commerce, or trade copy, which allows people who have no trading skills to profit from these markets in return for a fraction of the profits they make others. The cryptocurrency space has not yet found a widespread adoption of such copy trades, which is why we believe people need to have access to copy trading along with typically cryptocurrency trading methods. Therefore, our platform will feature an easy-to-use copy trading feature to allow for users with lower trading skills to profitably participate in cryptocurrency trading.

BITESPRIT SOLUTION
All of these problems can be solved with an integrated trading platform that responds to the needs of the current cryptocurrency trading industry. BitEsprit is the solution to the problematic aspects of today's crypto exchanges, and emerging questions that have not yet been addressed. Our platform is not just another exchange, but a place where all problems find efficient and comprehensive solutions. In this white paper we describe a cryptocurrency trading solution that features both altcoin-fiat and altcoin-bitcoin trading pairs with advanced charting functions, a copy of the trading function, the issuance of a BitEprit debit card related to the user's fiat balance on our exchange, a list of no-fee ICO tokens, user friendly interface with 24/7 multilingual technical support, and compliance with the most stringent data security standards. BitEsprit will revolutionize the way we trade cryptocurrency today, and thus can be the most extensive exchange adopted for experienced and novice traders.

Token Details
BitEsprit Token (BEC) compatible with ERC20 will be native to the BitEsprit platform, and will be used in the service platform.