Bitcoin Code review

Bitcoin Code is a crypto robot that uses artificial intelligence to predict crypto market movements. This Bitcoin Code review explores its pros and cons to help you decide whether to sign up.
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
20 min read
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The Bitcoin Code trading robot was developed by Wall Street traders and helps you to identify the best crypto trades. Using automation it can find profitable trading opportunities and place trades on your behalf. This review examines how it works, whether you can trust its claims, and explains how to sign up.

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:

User-friendly interface for beginners
No hidden charges or fees and no broker commission
Easy registration in a few steps
Multiple payment options including VISA and Mastercard
24/7 customer support

Cons:

What is Bitcoin Code?

Bitcoin Code is a cryptocurrency trading robot that uses technological solutions to place trades on Bitcoin and other cryptocurrencies. It uses mathematical algorithms to pick out the best price at which to open or close a trade.

In addition to auto trades, Bitcoin Code also gives its users the choice of placing the trades manually. This means you can set the parameters at which you want to open and close a trade, and the Bitcoin robot will go out and look for opportunities that meet these criteria. As soon as it finds one, it will go ahead and place the trade automatically.

Bitcoin Code summary

FeatureBitcoin Code
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 Bitcoin Code platform

How does Bitcoin Code work?

Bitcoin Code works by integrating with a network of cryptocurrency brokers. It connects its algorithm to a broker’s account through an API. This API sends trade information and instructions directly to the broker so it can place trades automatically.

This means that you don’t have to monitor the broker or the trading robot when you use Bitcoin Code. Everything is automated, which saves time and reduces the risk of making mistakes. All the entry points and exit points are set automatically by Bitcoin Code.

What assets and products can be traded on Bitcoin Code?

Bitcoin Code only supports a handful of cryptocurrencies. The selection is quite limited compared to some other automated trading robots, where you can normally expect to see 50+ coins available. However, Bitcoin Code does offer all the leading cryptocurrencies, including:

  • 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 Bitcoin Code cost to use?

It costs nothing to sign up to Bitcoin Code 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 the trading robot for real.

What are the payment methods accepted by Bitcoin Code?

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 Bitcoin Code app for both mobile and laptop-computers?

Yes, there is a Bitcoin Code 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 Bitcoin Code on are:

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

Bitcoin Code key features

Bitcoin Code 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 Bitcoin Code 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

Bitcoin Code was created by a group of Wall Street traders, who have the inside track on how to use automation and artificial intelligence as part of a trading system. They know which patterns are most profitable and how to take advantage of them. All that knowledge went into designing the Bitcoin Code robot.

Free demo account

Bitcoin Code 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. Bitcoin Code does so instantly, so you can get access to your money whenever you like.

Which brokers can I use with Bitcoin Code?

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

Can I trade assets with leverage?

Yes. Bitcoin Code 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 Bitcoin Code, 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 Bitcoin Code?

Yes, Bitcoin Code 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 Bitcoin Code 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 Bitcoin Code’s customer service like?

Bitcoin Code offers customer service 24/7, with a live chat service in addition to phone and email support.

Safety and security

Is Bitcoin Code safe to use?

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

Is Bitcoin Code regulated?

Bitcoin Code 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 Bitcoin Code?

As Bitcoin Code 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 Bitcoin Code?

Bitcoin Code 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. Bitcoin Code 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 Bitcoin Code 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 Bitcoin Code

Step 1. Create an account with Bitcoin Code

From the home page you need to click the sign up button to register with Bitcoin Code 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 Bitcoin Code 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 Bitcoin Code trading system

Armed with your first deposit you can start adjusting the Bitcoin Code 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 Bitcoin Code

Now you’re ready to go ahead and let the Bitcoin Code 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.

In recent years there have been many stories published online claiming that Bitcoin Code 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 Bitcoin Code?

There are a number of platforms that have claimed that Daniel Craig is in some way linked to Bitcoin Code. 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 Bitcoin Code website?

Filip Hammer has never to our knowledge used the Bitcoin Code 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 Bitcoin Code platform.

No, Holly Willoughby has never publicly spoken about Bitcoin Code, 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 Bitcoin Code.

Is there a Bitcoin Code alternative?

There are lots of crypto trading robots to choose from if you aren’t convinced by Bitcoin Code. Here are five other top rated crypto trading platforms that our experts rated as the best on the market.

  • Bitcoin Motion. Bitcoin Motion is our top rated Bitcoin trading bot. It uses AI to pick out trading opportunities and acts on them on your behalf.
  • BitIQ. BitIQ uses advanced technology to identify crypto trades that meet a set of defined criteria and places those trades automatically.
  • Oil Profit. Oil Profit is a trading robot that has created efficient trading strategies, designed to make trading commodities as easy as trading crypto.
  • Immediate Edge. Immediate Edge is another leading crypto bot that works for more than 50 different cryptocurrencies.
  • Ethereum Code. Ethereum Code is a trading bot that is designed to work best with ERC-20 coins that are based on the Ethereum blockchain.

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 Bitcoin Code 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 Bitcoin Code

Bitcoin Code 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 Bitcoin Code 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.

Methodology: how we scored this Bitcoin Code review

We asked an expert panel to test and review the Bitcoin Code crypto robot. Each expert signed up for an account, tested the trading parameters, and used the trading robot for both automated and manual trading before they gave it a final score.

We collated all the information from our panel to create a final verdict and rating. You can find the rating out of five stars at the top of this page. We supplemented the verdict with online research and customer surveys to understand what actual users felt about Bitcoin Code and how it works.

No platform can influence their rating on Invezz but we may earn a commission if you sign up via a link on this page.

FAQs

Is Bitcoin Code legit or not?
Is it easy to open a Bitcoin Code account?
Can I withdraw cryptocurrency from Bitcoin Code?
Is Bitcoin Code an MLM or Affiliate scam?
How do I delete my Bitcoin Code account?

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.