What is Bitcoin code? Is Bitcoin code a scam or legit? This guide walks you through all about the robot. You’ll learn if it’s legit, its security features, how you can use it to make money, and what other traders’ reviews are.
Bitcoin Code is software designed to trade Bitcoin (BTC) and other cryptocurrencies. It offers both manual and automated crypto trading and simplifies the art of trading. According to their website, traders only need to configure the software as per their desired trading criteria. Once the risk level, the amount to stake on each trade, and other parameters are defined, it starts trading pro-actively.
Bitcoin Code Main Features | |
|---|---|
| Minimum Deposit | $250 |
| Offers Leverage | Yes |
| Withdrawal Period | 24 Hours |
| Customer Service | Email / chat |
| Supported Coins | BTC, ETH, XRP & more |
| Hidden Charges | Commission fees |
As per the Robot’s website, there are some Built-in features such as market analytics and precise signal generation to help the bot execute orders proficiently. Bitcoin code was created by a team software engineer who worked for years in Wall Street and Silicon Valley markets. However, some sources also confirm that it was invented by “Steve McKay”.
Unlike other trading bots, The Bitcoin Code is free. There are no hidden charges or commissions. Traders also do not have to worry about their capital or earnings; all of their assets purely belong to them. So far so good to hear, but the fact is that once you have become a registered user and deposited funds in your account, barely you could get your money back because according to many testimonials, the Robot blows up trading accounts very fast.
Bitcoin code is a web-based software that you can access online anywhere. You don’t have to download it or install any updates. The user can use the software as soon as accessing it online using your computer, laptop, or mobile phone connected to the internet. It is compatible with all Android and iOS-based devices.
Bitcoin code works to help both skilled and novice traders. Therefore even traders with the least trading skills or having no information about crypto trading can use it without any issue. Its trading interface is straightforward and users can configure it in less than a minute. Setting up an account is also an effortless procedure that makes traders feel well-pampered.
Bitcoin code has a quick verification process as compared to other sites offering automated trading services like the Binance trading platform. It doesn’t take more than a few minutes. Traders can access their accounts as soon as they complete the verification of their details. They need traders to provide accurate information while funding their accounts. Due to various security reasons, the robot requires traders’ data due to various security prospects the robot claims to have in place.
Users should note that legit websites do not accept deposits beyond a specific limit unless a user provides them with proof of their identity. However, this is not the case; you can deposit as many funds in your account as you wish without having to worry about the account verification process since it is nothing but just a formality.
Before investing your real money, you can open a demo account to practice trading Bitcoin with different strategies. This is to prevent traders from incurring actual losses. You can also use a demo account to become familiar with the working of the software. The demo account is useful for testing the worthiness of the bitcoin code before you stake your real funds into it. However, many users claim that the demo trading account shows profits only. Once you deposit real money, your trading account is blow up in a few moments.
Ensuring that maximum people can become financially independent, the robot sets the minimum deposit at $250. Traders are allowed to get started by staking only $25 for each trade.
One of the main reasons that attract traders to try Bitcoin Code is that it supports multiple cryptos. In addition to digital trading assets such as (Bitcoin, Litecoin, Ethereum, Dash, Ripple, etc.), you can also trade fiat currencies with it. Bitcoin supports all of the major fiat currencies, including include USD, Swiss Franc, GBP, AUD, etc.
Bitcoin code claims to yield 99.4 % successful results. With this much efficiency, both novice and seasoned trades may find It challenging to resist investing in it. However, claiming such high accuracy with a robot seems unrealistic.
Bitcoin Coin code claims that it offers traders a source of consistent income irrespective of their trading skills or market odds. Again, this can be an overwhelming statement. You are unlikely to make profits every time. Crypto markets are famous to have higher risk levels because of the increasingly liquid market. Price volatility is yet another reason why you cannot guarantee profits.
Offering traders multiple methods for deposits and withdrawals, bitcoin code makes the process easier. The accepted payment methods include debit cards, credit cards, Webmoney, and payment through digital wallets (Netteller, Skrill, PayPal), etc. To request withdrawals, traders need to fill up the withdrawal request form and submit it to the platform. Bitcoin Code will process withdrawals within 24 hours after approval. It doesn’t charge any fee for deposits or withdrawals.
Bitcoin code allows its traders to make the best use of the back staging feature. Using this, traders can run a test drive of the software by feeding historical data into it to test their trading strategies. This is how traders can increase their chances of successful trading by fine-tuning their trading preferences, according to Robot providers. Again, the backtesting facility is shady; you can trust this feature either.
Bitcoin code offers its traders the live trading facility but only after they have deposited funds into their accounts. Once, you are done using a demo account or backtesting of the software; you can set it to start placing trades in the live market. To trade manually, you can select your desired asset from the dashboard and start placing trades right away. However, it is essential to fund your account with real money before you can begin live trading, else you can’t go live.
Bitcoin code supports all of the major cryptos, including Bitcoin, Litecoin, Ethereum, Dash, and Ripple. However, there isn’t much information available concerning other cryptocurrencies. It seems that it only supports a limited number of digital currencies.
Since bitcoin code is mainly used for automated trading, it works in integration with crypto-oriented brokers. After traders have configured the trading bot as per their trading preferences, the robot connects to a crypto broker through API integration for the transmission of relevant information between the bot and the broker.
Let’s be more concise;
Suppose you want to buy Ethereum (ETH), and the bot places an order that when the ETH price hits a certain level, a position will open. The robot will execute the order automatically as soon as it reaches the price. Traders do not have to sit by their PC and watch the markets themselves.
Getting started with a free Bitcoin code account is as simple as following a few steps listed below.
As far as legitimacy, nothing can be expressed with conformity. There is no authentic information available that can confirm that the bot is legit. The success rate it claims also seems to be way overrated.
As per the views of a few users online, they have tried Bitcoin Code and had good results. But this again needs some sort of evidence to support such claims. Also, nowhere it is found that it works even closer to 99%, this is genuinely a vague statement that they should consider revising.
The bot is being offered under several domains, identifying bitcoin code fake domain names is yet another issue watch carefully.
First of all, guaranteed profits and trading crypto has no link at all. Cryptocurrencies have a highly volatile market. This means you can be profitable, but also there is an equal chance that you may end up losing your money drastically. Therefore, such outrageous claims with this liquid market don’t make sense. Secondly, what a world would be if everyone starts making $13000 a day, who would like to do a 9-5 hefty job? Why don’t their employees become a millionaire overnight? Why Steve McKay acts so generous but still urge you to deposit $250 first before anything else? These are all such unanswered questions that may pop up in every sound mind.
The reason why it has multiple domains can be a disagreement between its founding members. At times, it is being offered via two different areas, including wwww.thebitcoincodes.com and www.the-bitcoincodes.com. The former claims that Bitcoin Code is a result of the collective effort of a team consisting of several software engineers. However, the information available on the later domain claims that the mastermind behind its invention is Steve McKay.
There is a mix of Bitcoin Code reviews on Reddit with some people appraising it while others seem to be flagging Bitcoin Code as a scam. According to a Bitcoin Code Review, “Steve McKay” created the Bitcoin Code. He seems to be uncovering the secret of becoming a millionaire in just a few days with a guaranteed profit of $13000 in 24 hours.
This sounds too good to be valid unless there is sufficient proof available which tells another story. First of all, the video posted on the Bitcoin Code website is merely a sound broadcast having no confirmed business identity. He doesn’t talk about how the algorithm works. Instead, he urges people to invest $250 with their recommended broker only. Secondly, the picture of Steve McKay appears suspicious as well since many online reviews confirm that it has been taken from some shutter stock images.
Likewise, in reviews on “Reddit”, people also seem to have been discussing whether Bitcoin Code is a scam or not. On March 14, 2019, Larry Baron said that a group of people created Bitcoin Code, and are after people’s money.
The group claims that by using Bitcoin Code, anyone can accumulate thousands of dollars every day, and all this comes from investing just a fractional amount of $250. Now, owing to rational thinking, would it be a wise decision to invest in such a superficial investment adventure?
Frankly speaking, testimonials of Bitcoin code appear a bit hairy. For instance, the guy named “Raymond J.” seems to be praising it, saying that he made nearly $11,000 in a few weeks and with no previous trading experience.
Well, by searching his thumbnail over the internet, you can easily find out that this guy is a paid actor. He sometimes appears to be advertising shirts, whereas other times he seems to be selling laptops.
Not only “Raymond” but “Bobby T” is also a fake character that is used to promote the Bitcoin code scam. Don’t believe it? Try searching his image on Google, and the rest will become apparent to you.
Christina W. is yet another fake character whose picture has been posted across various resources over the internet with different stories. One such link is this https://oklahoman.com/more/paula-burkes
Bitcoin code claims that it has been broadcast on the TV in some of the famous shows such as The Morning, Dragon’s Den and Shark Tank, etc. let’s figure out what’s held inside.
This Morning: It’s a daily TV program broadcast on ITV in the UK with the renowned TV anchors Ruth Langsford, Holly Willoughby, Phillip Schofield, and Eamonn Holmes. There have been various news circulating that the famous TV show has endorsed the Bitcoin Code to be legitimate showing some random picture of the show where hosts seem to be surprised by its accuracy. This is nothing but a fake image and has no ground proving that the bitcoin code had appeared on any TV show ever.
Dragons’ Den: Bitcoin code claims to have been aired on another TV show “Dragon’s Den”. This is false. It’s a TV show where entrepreneurs meet up and present ideas concerning great business opportunities to the businessmen so they can consider investing in them. However, there is no evidence confirming its appearance on the said tv show.
Shark Tank: Shark Tank is the American version of Dragon’s Den with the same objective. Just like it made a false claim concerning its TV appearance on Dragon’s Den, it never appeared on Shark Tank as well.
Bitcoin code claims that different celebrities have recommended using it, including Peter Jones, Janine Allis, Elon Musk, Steve Baxter, etc. However, this is not true. Upon confirmation, these celebrities not only denied any such recommendation but also expressed displeasure for their name being used for false advertisement. Let’s check out what stars had to say when they were asked about their affiliation to the said software.
Peter Jones: Peter Jones is a well-known actor in the TV series Dragon’s Den, and is an entrepreneur. In his posts on Twitter, he has multiple times denied the news concerning the recommendation of the Bitcoin Code. He seemed amazed knowing that his name was used for marketing crypto software, denying this he cleared that neither he ever recommended such software nor had any interest in such kind of investment.
Janine Allis: Another celebrity, the host of the TV show, “Shark Tank was supposedly endorsing the Bitcoin code. But the fact is that she also denied any such endorsement claimed by the Bitcoin code. However, there is a tweet of her expressing that she is looking into the world of cryptocurrency, which certainly doesn’t mean that she is recommending it.
Elon Musk: Some resources quoted the TV star Elon Musk praising the Bitcoin Code. Unknown resources even portrayed him to be Satoshi Nakamoto – the founder of Bitcoin once; however, he appeared to be denying these rumours multiple times. Although, he expressed his view on the scope of cryptocurrency but never endorsed it specifically.
Steve Baxter: Bitcoin code also falsely impersonated Steve Baxter as if he genuinely believed that people should try it and become a millionaire overnight. However, in his tweet, Baxter confirmed that the claim is false and that he never recommended Bitcoin code or any other crypto software to anyone ever.
Following the revelations of this detailed Bitcoin Code review, we do not recommend people stake their valuable money on such suspicious trading bots as Bitcoin Code might very well be a scam. There are many reasons why we think like that. First of all, the founder’s name of the Bitcoin code is unclear. Bitcoin Code offers the same product under multiple domains, and each of them tells a different story about the creation of the Bitcoin code.
Somewhere is stated that the Bitcoin code in invented by a team of software engineers. However, some resources say that Steve McKay designed it – a former trading expert in Wall Street and Silicon Valley. Secondly, its testimonials are not real. The percentage of profits it offers is too unrealistic to believe.
We, therefore, suggest people try investing with some legit crypto brokers or exchanges instead such as the eToro trading platform. Etoro is one of the world’s leading regulated crypto exchanges offering world-class crypto trading services. It also has a social trading platform where traders with no experience can copy the trades of other successful traders to make profits. It is undoubtedly a legitimate exchange that operates under the licenses issued by various regulatory bodies around the world such as FCA, ASIC, and CySEC.
Bitcoin code isn’t regulated. At least there is no such information available that can confirm that it is regulated. However, the official website of the bitcoin code claims it to be a legitimate product but provides no further information about its authenticity.
The minimum amount to fund your account is $250. As soon as you complete depositing the same amount, you are good to go trading.
Since Bitcoin Code isn’t regulated and doesn’t offer any guarantee that you can get your money back, therefore, it is up to you whether you can afford to try it for any reason or not.
Yes, bitcoin code facilitates both manual and automated trading. Its signal generation services may help traders to trade effectively.
No, it doesn’t. However, it offers its services in most countries across the world.
No, bitcoin code doesn’t trade actual cryptos. It only speculates on the price movements of the underlying assets. Also, most of the time, Bitcoin code will trade on CFDs instead of actual coins.
