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4.3
Trade leading cryptocurrencies like BTC, ETH, XRP, with no hidden fees
Simple sign up, with no downloads and no ID required
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Bitcode Method review 2024

Investing options: 4.1

Platforms & usability: 4.3

Products, markets, & assets: 3.9

Safety & reliability: 4.7

Deposits & withdrawals: 4.4

Research & analysis tools: 4.2

Fees & costs: 4.3

Education & learning resources: 4.1

Bitcode Method review Summary

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Updated: Apr 19, 2024
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15 min read
Bitcode Method is an AI powered crypto robot that predicts market movements. This Bitcode Method review explores its pros and cons to help you decide whether to sign up.

Bitcode Method is a cryptocurrency trading robot that utilises AI technology to accurately trade a range of digital currencies. This Bitcode Method review investigates the platform in detail. We explore if its claims of high accuracy are correct to help you decide whether you should create a Bitcode Method account.

We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration.

Based on our research, Bitcode Method appears to be a genuine trading robot

We test every crypto robot extensively and only recommend software that looks legitimate. The results of our investigation suggest that Bitcode Method seems to be a genuine trading bot. To sign up for a free trial and test the software for yourself, follow the link below. Once you’ve done so, an account manager will call to explain how to create an account and set up the bot.

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What is Bitcode Method?

Bitcode Method is an innovative automated cryptocurrency trading system designed to make crypto trading simple and accessible for all. It is powered by a proprietary artificial intelligence that continuously analyses the cryptocurrency market using technical indicators and historical price data. The AI identifies highly profitable trade opportunities and Bitcode Method then automatically executes trades based on its analysis.

A key benefit of Bitcode Method is that anyone can use it, regardless of trading experience. After creating a Bitcode Method account, users connect their existing crypto exchange accounts to enable automated trading. They can start with a demo trading mode to test strategies before investing capital.

Bitcode Method provides tools like personalised account management, a dashboard for monitoring trades, and 24/7 customer support. For added transparency, there are no hidden fees – just a one-time registration charge. By leveraging AI and automated trading technology, Bitcode Method simplifies crypto trading so anyone can capitalise on the volatility of the cryptocurrency market.

Pros & Cons

Pros:

Trade leading cryptocurrencies like BTC, ETH, XRP, with no hidden fees
Simple sign up, with no downloads and no ID required
Software developed by experienced Wall Street Traders
Access 24/7 customer support
Multiple payment options available, including VISA, Mastercard, and PayPal

Cons:

Can I open an account with Bitcode Method?

Bitcode Method summary

FeatureBitcode Method
Supported cryptocurrencies10+ including BTC, ETH, XRP, LTC
FeesNo sign up fees
Success rate99%
Minimum deposit$250
Mobile app?Yes
Withdrawal speedInstant
Demo account?Yes
Leverage available1:500
Customer supportYes
Verification requiredYes
RegulationsCySEC

About the Bitcode Method platform

How does Bitcode Method work?

Bitcode Method is an automated cryptocurrency trading system that leverages cutting-edge artificial intelligence technology to scan the crypto market. After creating a personal account and depositing trading capital, Bitcode Method connects to your cryptocurrency exchange via an API. Using historical data and AI, Bitcode Method analyses price movements across the cryptocurrency market to identify profitable trading opportunities.

Once a trade is identified, Bitcode Method utilises its automated crypto trading algorithms and built-in strategies to execute the trade directly on your connected exchange account per your configured stop loss and take profit settings. You can customise settings and switch to demo mode to test strategies.

Bitcode Method aims to simplify crypto trading for both new and experienced traders through features like a personal account manager, an account dashboard for monitoring, and 24/7 customer support. The official Bitcode Method also offers a registration fee waiver, so you can start leveraging its cutting-edge automated trading technology on your exchange account to capitalise on crypto price movements.

What assets and products can be traded on Bitcode Method?

Bitcode Method supports most of the leading crypto coins and tokens. Here are the cryptocurrencies that are available on Bitcode Method.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)
  • Bitcoin SV (BSV)
  • Tether (USDT)
  • EOS (EOS)
  • Binance Coin (BNB)
  • Tezos (XTZ)

How much does Bitcode Method cost to use?

It costs nothing to sign up to Bitcode Method and you can try the trading platform out for free with a demo account. However, you will have to make a minimum deposit of $250 in order to use this top crypto trading robot for real.

What are the payment methods accepted by Bitcode Method?

The minimum deposit to fund your account is $250 (about £205) and the maximum deposit is $1500 (£1250). The available payment methods for funding your account include credit card, debit card, and bank wire transfers. There are no other payment methods available, so you should choose a different Bitcoin robot if you want to use PayPal.

Is there a Bitcode Method app for both mobile and laptop-computers?

Yes, there is a Bitcode Method mobile app that you can use to access the trading robot from your smartphone. You can also open it via a web browser on any operating system from your laptop or desktop computer. The full range of devices that you can use Bitcode Method on are:

  • iOS phones
  • Android phones
  • Desktops
  • Laptops
  • Tablets

Bitcode Method key features

Bitcode Method is one of our top rated crypto robots. Here are some of the features that stood out to our expert review panel.

Speed of transactions

The Bitcode Method trading robot is designed to place trades at least 0.01 seconds faster than human traders. This can make a big difference when it comes to trading, as such a fast trading strategy also means it can identify patterns ahead of the competition, which helps you to get a better price.

Algorithm designed by Wall Street traders

Bitcode Method was created by a group of experienced Wall Street traders, who bring years of experience in creating advanced trading algorithms to bear on this software. Thanks to their history in traditional finance, they have had access to the most advanced AI software and the latest strategies in use at the most profitable hedge funds.

All of that experience has gone into developing Bitcode Method. That means the most advanced software and algorithms, that use AI to stay one step ahead of the competition.

Free demo account

Bitcode Method offers a free demo account to all users who sign up. A demo account allows you to practice trading and to test out different trading strategies before you put any money at risk. We recommend every trader starts out with a demo account and our experts value any trading platform that offers one for free.

Instant withdrawals

Many trading robots make you wait 24-48 hours before you processing a withdrawal. Bitcode Method does so instantly, so you can get access to your money whenever you like.

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Which brokers can I use with Bitcode Method?

Once you have registered and logged into the Bitcode Method software, you will be assigned a broker automatically. The brokers that Bitcode Method partners with include well-known names, such as ForexTB and EuropeFX.

Can I trade assets with leverage?

Yes. Bitcode Method supports brokers who offer leverage trading in cryptocurrencies. We found that the leverage on offer can be up to 1:400, although we advise caution when it comes to trading with leverage. Even when using a robot like Bitcode Method, leverage can be extremely risky in volatile markets and can cost you a lot of money if a trade goes wrong.

Can I open long and short positions with Bitcode Method?

Yes, Bitcode Method allows each trader to place long or short position trades by manually specifying the criteria and parameters. 

A trader takes a ‘long’ position when he expects that a particular cryptocurrency price will move up. A short position is when the trader bets that the price of the cryptocurrency will move down.

How do I get paid? What about payouts?

Withdrawals on Bitcode Method occur through a broker’s account. First, you need to fill out a withdrawal form to begin the process. There are no limits placed and payouts can be made daily as well. At the time of making a withdrawal, you might need to provide your identification and proof of residence details.

What is Bitcode Method’s customer service like?

Our research included a test of the Bitcode Method customer support network, and the service performed well. A 24/7 customer service team can be contacted via live chat, or phone or email support. The majority of our queries were dealt with promptly and by the first contact we spoke to, although in some cases it took longer for us to receive the help we needed.

Safety and security

Is Bitcode Method safe to use?

Our research suggests that the Bitcode Method trading software is safe to use, as long as you make sure that the brokers you trade with are regulated. Bitcode Method itself doesn’t hold any of your money, which means using the software is quite safe.

Is Bitcode Method regulated?

Bitcode Method is regulated by the Cyprus Securities and Exchange Commission (CySEC). This is standard practice for most trading robots and CySEC offers plenty of investor protection up to EU financial standards.

Is my money protected on Bitcode Method?

As Bitcode Method is regulated by CySEC, it offers investor protection up to €20,000 per person in case of bankruptcy or financial irregularities. 

Note that this doesn’t protect you if you use an unregulated broker to trade. Make sure you use a regulated platform and be sure to check the registration number of any broker you sign up to before depositing any money to avoid being caught out.

Who owns Bitcode Method?

Bitcode Method was developed by Steve McKay, a trader that previously worked in Wall Street. This is rare for a crypto trading robot, as most are designed by people or groups who prefer to remain anonymous. Bitcode Method is designed differently and benefits from traditional financial trading experience from the forex and stock markets, which helps it to pick out profitable trades.

What is the registration and verification process?

To register with Bitcode Method you must provide some personal details and a form of ID for verification. You will receive an email with further verification instructions once you have completed registration. The whole process takes up to 30 minutes. Find out more about how to set up an account below.

How to start trading with Bitcode Method

Step 1. Create an account with Bitcode Method

From the home page you need to click the sign up button to register with Bitcode Method and start the trading process. Sign up with your name and email address and you will be redirected to a page where you need to provide your contact number and set a password. Once you have provided ID and completed the following verification process you can make your first deposit.

Step 2. Make minimum deposit of $250

Once you are logged into your Bitcode Method account, you can start demo trading to familiarise yourself with the platform. Otherwise, you can start trading for real once you make the required initial deposit of $250. We would advise you to start small and gradually expand your strategies.

Step 3. Set up your Bitcode Method trading system

Armed with your first deposit you can start adjusting the Bitcode Method robot to suit your preferred trading style. Decide which assets you want to trade, how often, and how large you want to make each trade.

Step 4. Adjust risk management settings

Risk is an important factor to consider and you should carefully adjust the trading strategy and its settings to make sure you are happy with the amount of risk you’re taking on. You may be happier taking riskier trades with more potential for reward, or you might want to play it safer and accept smaller potential profits as a result.

Step 5. Start investing with Bitcode Method

Now you’re ready to go ahead and let the Bitcode Method trading software trade for you. Or you can choose to use it more like a crypto signals service that suggests ideas for you to place trades manually.

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In recent years there have been many stories published online claiming that Bitcode Method has been associated with prominent celebrities and television shows. These stories all appear to be incorrect, however, as Invezz cannot find any proof that any celebrities have endorsed any crypto trading platforms.

To summarise a few of the most commonly found stories, below are three fact checks to help you find out which information is true and which isn’t.

Is it true that Daniel Craig endorsed Bitcode Method?

There are a number of platforms that have claimed that Daniel Craig is in some way linked to Bitcode Method. There is no truth to these stories, however, and Daniel Craig has never spoken about this website. Craig is a famous British actor who is most well known for portraying super spy James Bond in the most recent instalments of the franchise.

Fact check: False. Daniel Craig has never endorsed this crypto trading platform.

Does Filip Hammar use the Bitcode Method website?

Filip Hammer has never to our knowledge used the Bitcode Method website, despite some online sources claiming this to be the case. Hammar is half of the Swedish comedy duo Filip and Fredrik, alongside his co-star Fredrik Wikingsson. Together the pair write and host a range of different comedy shows.

Fact check: False. There is no evidence that Filip Hammar uses the Bitcode Method platform.

No, Holly Willoughby has never publicly spoken about Bitcode Method, and it’s unclear where rumours to the contrary first emerged. Holly Willoughby is a famous face on British television, co-hosting popular ITV breakfast show This Morning alongside Phillip Schofield.

Fact check: False. We could find no record of Holly Willoughby ever endorsing Bitcode Method.

Is there a Bitcode Method alternative?

There are lots of other Bitcoin bots out there. Many offer a similar service and are tailored to crypto trading, while others take a broader approach and let you trade stocks and forex as well. Here are some other trading platforms you might want to consider:

  • Immediate Vortex is a trading bot that uses machine learning to trade Ethereum and other ERC-20 cryptocurrencies.
  • Immediate Connect is a crypto auto trader with a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
  • Bitcoineer is a crypto bot that uses a combination of artificial intelligence, machine learning, and natural language processing to identify and place trades.
  • Altrix Edge is a cryptocurrency trading bot that offers signals and automated trading for cryptos on the Ethereum blockchain. 
  • Immediate Bitwave is a crypto auto trader with a trading system that’s easily adjustable to suit top cryptocurrencies and altcoins alike.
  • Trader AI is a fully automated crypto robot that uses advanced technology to craft highly optimised trading strategies on crypto, stocks, and more.

Our top robot trading tips for beginners

Trading cryptocurrencies is complicated, and these are the five steps our experts recommend should be followed before you sign up to any crypto trading bot.

  1. Learn about trading before you use a robot. If you are a beginner, make sure that you understand the basic schematics of cryptocurrency trading before choosing to use a crypto bot. An expert can use a tool like Bitcode Method to fine-tune their trading strategy, but just because the service is automated it doesn’t mean you should use it with no knowledge. 
  2. Learn more about cryptocurrencies. Before trading a cryptocurrency, such as Bitcoin, you should make sure you have a good knowledge of the crypto markets as a whole. 
  3. Use the demo account to practice. It is advisable that whenever you sign up to a new trading platform, you use their demo account to familiarise yourself with the services offered. This way you can set up trades and assess your trading performance before putting your hard-earned cash into the system. 
  4. Try with small amounts and build up gradually. Always start trading in a small amount and gradually build your trading portfolio. Take out a certain percentage of profit each time so as to lower the risks. Trading success doesn’t happen overnight, and by keeping an eye on the long term you’ll have a better chance at maximising the growth of your investments.
  5. Only invest what you can afford to lose. The first and the last rule of trading platforms is to only invest what you can afford to lose. Cryptocurrency is extremely volatile and money can be made and lost quickly, so ensure you don’t take unnecessary risks.

Our final verdict on Bitcode Method

Bitcode Method is a well-known cryptocurrency robot that enables both automated and individual trades across a range of cryptocurrencies. The number of currencies you can trade is fairly limited, but does include the largest names in the crypto space (Bitcoin, Ethereum, Litecoin, etc). 

In general it is a legitimate trading platform, but the claims it makes about the success of its trading robot should be taken with a pinch of salt – particularly with testimonials claiming to be from users making £1000s every week with no trading knowledge.

The Bitcode Method trading robot should not be someone’s sole instrument to access cryptocurrency trading, but it can be used well as part of a trading strategy. A trader can use it to manually input their cryptocurrency trading specifications and then hand over control to the robot. As cryptocurrency markets work round the clock, using a robot to leverage your perfect entry or exit points enables you to lock in profits that might otherwise elude you.

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Methodology: how we scored this Bitcode Method review

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each piece of trading software to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the robot, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the platform is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The trading software is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual crypto brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process

FAQs

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Sources & references
Risk disclaimer
Pooja Kadia
Financial Writer
Pooja is a financial writer for Invezz. She has held the positions of Content Head at more than 7 companies. She has written for prominent cryptocurrency... read more.

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