A Comprehensive Review of Bitcoin Code – Is It Legit?
A Comprehensive Review of Bitcoin Code – Is It Legit?
Cryptocurrencies keep rising in prominence year after year and there has been a continuous increase in the number of trading robots in the industry. Bitcoin Code is another robot that appears to be an accurate trading platform for both newbies and expert traders.
We tested the auto trading app, Bitcoin Code and documented all our findings in this review along with all the relevant facts.
What is Bitcoin Code?
Bitcoin Code has been around for a while and acquired a growing community of users on its system. The trading robot aims to facilitate automated cryptocurrency trading. It is understood that a former Wall Street trader, Steve Mckay, developed Bitcoin Code but there isn’t much more information on Mckay.
The trading robot claims to be ahead of the crypto live market by 0.01 seconds with almost 99% trade accuracy. Bitcoin Code apparently uses technological solutions to place trades. Its mathematical algorithms derive the optimum points for trade entry and exits, thus claiming to generate maximum profits for its users. Traders have both automatic and manual trading options with the robot.
Bitcoin Code partners with cryptocurrency brokers who offer leveraged trading. However, there is no information about the leverage requirements although it could be as high as 1:1000 like similar robots.
Traders should bear in mind that leveraged trading carries increased risks as crypto markets are highly volatile. Hence, it should only be done by those who understand its implications. Potential traders should also know that the software’s past performance does not necessarily predict future results. Only trade with the money that you can afford to lose.
What are the spreads?
There is not much information about the spreads with Bitcoin Code.
Fees, Limits, and Payment Options on Bitcoin Code
How much does Bitcoin Code cost?
Bitcoin Code is free to use, unlike some robots. Users do not have to pay a subscription fee. The platform also does not charge any fees on deposits. However, to start live trading, you need to deposit a minimum of $250 in your account. The deposit will still be available for trade. Bear in mind that partner brokers may charge commissions on profits made from trading.
What are the payment methods accepted by Bitcoin Code?
The available payment methods for making deposits on your Bitcoin Code account include:
Does Bitcoin Code also charge fees and commissions?
No. However, a user might need to pay charges to the broker platform, which is executing trades.
Bitcoin Code trade sizes and limits
Bitcoin Code offers a variety of trade sizes and limits depending on its affiliated brokers. The minimum deposit to fund your account is $250 and the maximum deposit is $1500. Withdrawals are processed from the broker’s account. Bitcoin Code does not have any restrictions over the withdrawal or time limits.
Bitcoin Code’s Platform
How does Bitcoin Code work?
Bitcoin Code works in partnership with a network of cryptocurrency brokers. By connecting its algorithm to a broker’s account through an API, the robot can send information back and forth to the broker. For instance, the robot sends a command to the broker to close a trade when BTC’s price drops to $30,000, which would be done by the broker as soon as the price gets to that figure. Bitcoin Code offers both automated and manual trading using its advanced technological solutions and mathematical algorithms.
What devices can I use Bitcoin Code on?
The Bitcoin Code does not have a downloadable mobile application. However, you can access the website from your:
Mobile phones – android and iPhone
The app does not require installation since you can get to the platform through any web browser. It does however require a robust internet connection and a functional device for a seamless experience.
What exchanges and brokers does Bitcoin Code partner with?
Once you have completed your registration and logged onto the platform, a broker will be assigned to you for your trades. Bitcoin Code partners with only reputable brokers in the industry like ForexTB and EuropeFX.
Can I use Bitcoin Code in my country?
Bitcoin Code is widely accessible across several countries worldwide. Popular countries where you can access the platform and all its features include the United Kingdom, United Arab Emirates, the United States, South Africa, the Philippines, and Australia.
Is Bitcoin Code available in my language?
The website has a wide language coverage including common languages like English, Spanish, Italian, and French. Traders can translate the website to their preferred language.
How easy is it to use Bitcoin Code?
This trading platform aims to meet the growing trade needs of both newbies and expert traders and as a result, has an interface that is simple to understand and easy to use. The platform runs on both autopilot and manual modes, making it easy for you to go with the default settings or set your own trade preferences.
Bitcoin Code is intuitive and even without any prior trading experience. However, be sure to set the risk management to what you are comfortable with.
Bitcoin Code has special features that make it more desirable than other similar robots. Its key features include:
Bitcoin Code claims to have a win rate of 99.4%, which suggests that most of its trades are successful. It claims to analyse multiple trends through a variety of trading tools and is 0.01 seconds ahead of the live market.
Backstaging is one of the biggest highlights of Bitcoin Code. With this feature, users can backtest their trading strategies based on historical performances of crypto market trends. Consequently, traders are able to polish up their trading parameters in the best possible way. Also, traders can adapt their trading sessions to suitable market conditions.
Signing up on the platform only takes a few minutes and this is much faster than other platforms. Also, the website is user-friendly and little or no expertise is needed to start trading. Bitcoin Code has a low deposit of only $250 to start trading. There are no restrictions to joining the platform and the interface is similar to the Ethereum Code bot.
Bitcoin Code looks to be legitimate according to external resources and user reviews. It has a score of 4.4 on Trustpilot. These indicate that people have actually benefited from the platform’s services. However, their website likely exaggerates the profits to be made as there is no real proof.
Is Bitcoin Code safe?
Bitcoin Code’s developers have added multiple safety features to protect its users from a loss of funds. For instance, there is a stop-loss limit on live trades as well as analytical tools on the system to increase your chances of profits while reducing possible losses.
Is my money and I protected?
Yes. Funds and data are encrypted with an updated SSL protocol. Remember that the robot does not store money; you only sign up to use its service for free. Trades are placed with reputable exchanges as partners.
Is Bitcoin Code regulated?
Trading cryptocurrencies is highly speculative and there are significant risks involved. Users should not be completely dependent on Bitcoin Code for trading. It is important to carry out your personal research before any trade. Bitcoin Code is not regulated centrally. However, it partners with regulated exchanges and brokers. Always check if there are regulations or restrictions in your area of residence from time to time.
Do I have to verify my account with Bitcoin Code?
Verification with Bitcoin Code does not take long. The platform’s verification protocol is simple and streamlined. It takes a few minutes to complete the necessary steps, which involve confirming your personal details, email address, and phone number.
There are educational resources on Bitcoin Code partners’ websites. Traders can access the free analysis tools to understand trades better.
Tools and charting
Bitcoin Code is connected to brokers via an API, which transmits the signal orders to the broker. Bitcoin Code uses multiple tools and charting on both manual and autopilot modes to arrive at trade decisions.
Bitcoin Code has 24/7 customer help to assist users who have enquiries or any difficulties using the platform. From our assessment, Bitcoin Code has a warm and friendly support that is one of the most responsive in the industry.
How to Get Started with Bitcoin Code
Bitcoin Code has a solid and simple interface. You can access all its navigation buttons from registration to withdrawals on the dashboard. Traders can view their history and see their profits from the ‘trading history’ tab. Carry out the following steps to get started on Bitcoin Code:
Step 1. Registration: Once you land on the homepage, you would need to sign up with your name and email address. Afterwards, you will be redirected to where you will provide your contact number and set a password. Registration is free and the verification that follows is immediate.
Step 2. Deposit funds: After logging in, make an initial deposit between $250 and $15,000 using any of the deposit options such as credit cards, bank transfer, Skrill, Neteller, or other payment providers. You can use the demo option to get familiar with the platform before proceeding to live trade. The demo feature on Bitcoin Code appears to work well.
Step 3. Start Trading: After trialing the demo mode, you can start trading live. Remember that you have the opportunity to set certain parameters such as stop loss, profit limits, preferred cryptocurrency, daily limits, maximum daily trades. Users also have the auto trade option at their disposal.
Final Thoughts on Bitcoin Code
In general, Bitcoin Code appears to be a legitimate and secure cryptocurrency robot that makes both automated and individual trades possible. Although it is somewhat limited in its range of cryptocurrencies, the platform is user-friendly and has good customer support. However, the robot is best used as an addition to a trading strategy.
The Bitcoin Code robot has proven to meet the needs of both beginner and expert crypto traders by executing profitable trade signals seamlessly in partnership with reputable brokers in the industry. Nevertheless, users should always do their own research and analysis before investing in the market and only trade an amount that they are comfortable with.