Bitcode Prime review

Bitcode Prime offers automated trading software that helps you to trade the crypto markets. Our expert review of Bitcode Prime investigates whether it's legit or a scam and if you can trust it.
By: Pooja Kadia
Pooja Kadia
Pooja is a financial writer for Invezz. She has held the positions of Content Head at more than 7 companies. She… read more.
Updated: Sep 15, 2022
4/5 Star rating
23 min read
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Bitcode Prime is an automated trading system that analyses crypto market data to execute trades. Our experts have tested the platform to check claims of its 99.4% accuracy rate and whether the software is legit or a scam. 

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.

Pros & Cons

Pros:

Multiple payment methods
Trade BTC, ETH, LTC, and more
Easy registration process
Leveraged trading available

Cons:

What is Bitcode Prime?

Bitcode Prime is an automated trading platform that uses machine learning to scan and analyse crypto markets. It derives the best possible entry and exit points for trading cryptocurrencies like Bitcoin by deciphering historical data and market trends at a faster pace than a human can.

Once it has carried out its analysis, the Bitcode Prime trading platform instantly executes crypto trades for you on partnered broker platforms. The trading platform claims that it is 0.01 seconds ahead of the market due to the information it can analyse and that it leverages this feature to make profits within the changing markets of cryptocurrency. 

Bitcode Prime also offers manual trading to experienced traders, allowing you to set detailed parameters on the trades you wish the robot to carry out instead of just blindly trusting the trading software with your money.

Bitcode Prime summary

FeatureBitcode Prime
Supported cryptocurrenciesBTC, ETH, XRP, LTC
FeesNo fees
Success rate94.4%
Minimum deposit$250
Mobile app?Yes
Withdrawal speed24-48 hours
Demo account?Yes
Leverage availableYes, up to 4000:1
Customer supportYes
Verification requiredYes
RegulationsKYC
See more Bitcode Prime features

About the Bitcode Prime platform

How does Bitcode Prime work?

Bitcode Prime operates by scanning cryptocurrency exchanges for information and then executing trades automatically in light of what it learns about market conditions.

The Bitcode Prime platform partners with regulated brokers that enable leveraged trading for bitcoin and other cryptocurrencies to execute these trades. It constantly monitors the market and derives an entry or exit position, and uses an API to send trading signals to the broker instantly. The broker then carries out the trade recommended by the robot.

What assets and products can be traded on Bitcode Prime?

As with many automated trading platforms, a Bitcode Prime account has fewer coins on offer compared to what you can find on a conventional cryptocurrency exchange. The following cryptocurrencies are supported on Bitcode Prime:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Litecoin (LTC)

How much does Bitcode Prime cost to use?

Bitcode Prime does not charge any fees or commission charges. The registration process is also absolutely free. However, you may be charged a fee by one of its partner brokers when you go to make a trade. Each of Bitcode Primes partner brokers has a different fee structure, however, you should expect to pay around 2% commission for each trade the robot makes. 

There is a minimum deposit amount of $250 for signing up with one of its partner brokers. 

What are the payment methods accepted by Bitcode Prime?

You do not deposit any money with a Bitcode Prime trading account, rather you deposit funds with one of its partner brokers. There is a range of payment methods available including Visa, Mastercard, wire transfer, Skrill, and Neteller. Here is a list of the payment methods available with Bitcode Prime:

  • Visa
  • Mastercard
  • Wire transfer
  • Skrill
  • Neteller

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

Yes. You can access Bitcode Prime on any desktop or mobile software. There is a Bitcode Prime app that can be downloaded from the PlayStore. You can use the mobile version for the same tasks as the desktop version, although it is worth noting that you can only be logged in one at a time. Here is a list of the devices you can use Bitcode Prime on.

  • Desktop computers
  • Laptops
  • Smartphones
  • Tablets

Bitcode Prime key features

Bitcoide Prime has lots of features and here are some of the key components that make Bitcode Prime unique.

Trade with leverage up to 1:4000

Bitcode Prime has partnered with brokers that allow leveraged trading in cryptocurrencies. You can trade with leverage up to 1:1000. But be careful as leveraged trading is risky and should only be used by experienced traders.

Free Bitcode Prime demo account

With Bitcode Prime you can try before you buy with its free demo account. The Bitcode Prime trading software lets you practice with virtual funds in a demo account so you can see if the crypto bot is right for you. 

CySEC-licensed brokers

When you sign up with Bitcode Primes partner brokers you will get the benefit of using CySEC-regulated services. This means you’ll always have the safety of strong regulations covering you if your broker were to go out of business. 

Go long and short with the Bitcode Prime trading robot

You can open both long and short positions through Bitcode Prime because of the network of brokers the platform is partnered with. In trading, taking a long position means you’re betting that the price of an asset (e.g. Bitcoin) will go up, whereas taking a short position means you make a profit if the price falls.

Which brokers can I use with Bitcode Prime?

On the Bitcode Prime app website, there is not a list of brokers that it is affiliated with. However, our investigation has revealed it has strong partnerships with many licensed brokers and exchanges that offer margin trading in cryptocurrencies. These brokers are regulated by CySEC and follow KYC and AML guidelines. 

Can I trade assets with leverage?

Yes. Bitcode Prime has partnered with brokers that allow leveraged trading in cryptocurrencies. You can trade with leverage up to 4000:1. This means that for every $1, you will be able to trade $4000. But be careful as leveraged trading is risky and should only be used by experienced traders.

Can I open long and short positions with Bitcode Prime?

Yes, you can open both long and short positions through Bitcode Prime because of the network of brokers the platform is partnered with. When you take a long position, it means that you are betting on the price of an asset to rise. You can use the Bitcode Prime algorithm to go long on Bitcoin. 

When you take a short position, it means you are betting the price of an asset will fall in value. This means you can use the Bitcode Prime app to go short on Bitcoin and other cryptos. 

How do I get paid? What about payouts?

You can request a withdrawal whenever you want and depending on the broker you are using the money can be in your bank account within 48 hours. There are no limits on the withdrawals placed with the Bitcode Prime bot and they are usually processed in 12 hours to your bank account or payment method. 

What is Bitcode Prime’s customer service like?

Prior to registration, you can only contact the website through a contact form. Once you are a registered user, you can access their customer service 24/7 via email and live chat. On the Bitcode Prime trading website, it says customer support is instantly available, however, when we tried to make contact, we were unable to get a response. 

Safety and security

Is Bitcode Prime safe to use?

Our research found that Bitcode Prime is safe to use. The crypto trading software uses SSL encryption for its website and robot. It also uses anti-virus and anti-phishing measures to keep users safe. The Bitcode Prime trading bot also uses regulated brokers who are licenced by well-regarded authorities such as CySEC. 

Is Bitcode Prime regulated?

Bitcode Prime is a trading software that you can download and is not regulated. However, it partners with several cryptocurrency exchanges and brokers who are regulated by CySEC. This means that when you deposit money with these cryptocurrency brokers, it falls under the regulation of CySEC. 

Is my money protected on Bitcode Prime?

You do not deposit any money with Bitcode Prime itself, as it is a crypto trading bot that can be downloaded. You do deposit money with one of its many partner crypto exchanges, which are regulated by CySEC. Cryptocurrency brokers who are regulated also offer compensation schemes which mean that your money is safe when using Bitcode Prime. 

Who owns Bitcode Prime?

On the Bitcode Prime website, it is unclear who owns the crypto algorithm. During our research, we uncovered many names claiming to be the owners of the crypto bot. These claims appear to be unsubstantiated.

Our research did discover that Bitcode Prime is owned by a group of cryptocurrency traders and software developers with decades of experience. It is very common for developers of trading robots and trading software to remain anonymous, especially in the cryptocurrency space where anonymity is important. 

What is the registration and verification process?

The registration process is fairly simple and takes a few minutes. You need to provide basic details like your name, contact number, and email and set a password. You don’t need to submit any proof of identification at this point. Once all your details are submitted, your account is verified in a few minutes.  

How to start trading with Bitcode Prime

Step 1. Create an account with Bitcode Prime

The first step you need to take to join Bitcode Prime is to fill out the registration form on its website. This takes just a few minutes and all you need to do is provide your name, email address, and phone number.

Step 2. Make a minimum deposit of $250

Next you will need to make a minimum deposit of $250 with one of its partner brokers. During this stage, you will need to register an account with the cryptocurrency exchange it recommends and provide some identification such as a passport. 

Step 3. Set up your Bitcode Prime trading system

Once you have registered your account with its partner cryptocurrency exchange, it’s time to set up the trading robot to make Bitcode Prime work. You should make sure that you take some time during this stage as there will be lots of settings you can adjust to make the most of the bot.

Step 4. Adjust risk management settings

Before you start using Bitcode Prime to start trading, you must ensure that you adjust the risk management settings within the robot. Managing your risk is important as the crypto bot could make lots of trades which your account may not be able to cope with if your risk is too high. It’s a good idea to start slow and low and build as your account size grows. 

Step 5. Start investing with Bitcode Prime

Now, you will be ready to go with Bitcode Prime and start trading. You just need to connect it to your cryptocurrency broker and it will start making trades. It’s recommended that you start using its free demo account. This way, you can test how well it performs and make any adjustments before moving to a live crypto trading account.

Invezz can find no evidence of any celebrity or television show promoting the services offered by the Bitcode Prime algorithm. Many stories have appeared online linking the platform to a host of well-known celebs and wealthy investors, but our research could not find proof that these claims are true or any celebrities promote Bitcode Prime.

We have included three fact checks below covering the celebrities most commonly associated with Bitcode Prime.

Is it true that Nicole Kidman endorsed Bitcode Prime?

No, Nicole Kidman has not spoken favourably about Bitcode Prime. Nicole Kidman began her career as a film star, achieving global success in the mid-1990s in films such as Batman Forever and To Die For. She has been one of the most famous actresses in the world ever since.

Fact check: False. Our research found no evidence to suggest that Nicole Kidman endorse Bitcode Prime or has ever used the crypto trading automated software. 

Is it true that Olav Thon uses the Bitcode Prime website?

Any claims that Olav Thon uses the Bitcode Prime website are false. Olav Thon is one of Norway’s richest men, having amassed a fortune of over $5 billion through his real estate empire. He has set up a charitable foundation specialising in medical research, to which he intends to leave all his money.

Fact Check: False. Olav Thon does not use the Bitcode Prime website or the cryptocurrency trading robot to make trades in the Bitcoin market. 

There are a few online reports that Patrice Motsepe is involved with Bitcode Prime, but none of these is true. Patrice Motsepe made his fortune by founding the mining company African Rainbow Minerals.
Fact Check: False. Patrice Motsepe does not recommend Bitcode Prime. Our research found no evidence that Patrice Motsepe even knows what the Bitcode Prime trading robot is.

Is there a Bitcode Prime alternative?

If the Bitcode Prime cryptocurrency software does not convince you, then there are many other options out there for you to explore. Here’s a list of alternative crypto bots you can use. 

  • Oil Profit does not focus on cryptocurrency ; rather, its trades commodities like oil, gold, and silver. 
  • Immediate Edge finds opportunities for trades in the whole cryptocurrency market. It’s one of the most popular robots around. 
  • Bitcoin Motion is one of the best crypto trading systems for speculating on the changing Bitcoin price. 
  • Ethereum Code is one of the few crypto trading robots that trade coins operating on the Ethereum blockchain, particularly ETH. 
  • Bit Index AI automatically uses artificial intelligence to identify profitable trading opportunities and send them to partner broker platforms.

Our top robot trading tips for beginners

Before you go ahead and use a crypto trading robot, there are several factors you need to be aware of to make the most of your trading experience. Below our cryptocurrency experts have provided some tips to help you. 

  1. Familiarise yourself with trading. If you’re new to trading, you must take the time to familiarise yourself with how the markets work. Cryptocurrency is especially volatile, so you should learn as much as possible before investing money. 
  2. Understand cryptocurrency space. Cryptocurrency markets are difficult to navigate if you’re a beginner or have not traded before. Crypto is volatile and prices can change quickly, so it pays to take the time to understand how it works. 
  3. Practice with a demo account. Using virtual funds is a top way to practice without risking any of your own money. Using a demo account with a cryptocurrency trading robot is the best way to discover if it’s any good or not. 
  4. Start small and build gradually. You should start with small trades and build your account slowly and steadily. Many small, consistent trades can quickly grow into a nice amount of money. 
  5. Only invest what you can afford to lose. Trading can be risky, and that is especially true for the cryptocurrency market. Never risk more than you can comfortably afford to lose. 

Our final verdict on Bitcode Prime

We recommend Bitcode Prime to traders or investors who are actively involved in the cryptocurrency market and want to automate their strategies. 

The robot offers automated trading that can scan the internet and suggest the best crypto trades. However, claims made by the website that inexperienced traders have made huge profits in no time seem very hard to believe and shouldn’t be taken at face value.

Our research suggests that some traders have used Bitcode Prime to automate trades based on their trading strategy. This seems to be the best way to approach Bitcode Prime; as a tool to help you trade, rather than a service you simply entrust your funds to.

Methodology: how we scored this Bitcode Prime review

The reviews on our website follow the same process. When our crypto experts reviewed Bitcode Prime, they first created an account before making an initial deposit. Next, the trading software was set up and settings adjusted before connecting to a crypto broker. 

To complete our Bitcode Prime review, we conducted in-depth online research into its reviews from other users. We also made other tests whereby we contacted customer support to rate how satisfactory it was. 

Following our research and analysis of the trading platform, we used the information gathered to provide our final verdict. Every review on our website is unbiased; no software or trading platform can influence our decision; however, on certain occasions, we may receive an affiliate commission if you click on a link on this page.

FAQs

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Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Pooja Kadia
Financial Writer
Pooja has worked with more than 120 crypto and blockchain companies along with being the founder of her educational blog, Cryptochain Sphere. When she is not… read more.