BitiCodes review 2023
Investing options: 4.1
Platforms & usability: 4.5
Products, markets, & assets: 4.5
Safety & reliability: 4.2
Deposits & withdrawals: 4.1
Research & analysis tools: 3.8
Fees & costs: 4.7
Education & learning resources: 3.8
BitiCodes review Summary
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Our trading bot reviews include some of the best-automated software platforms around and on this page, we investigate BitiCodes. Our experts have tested the Autotrader to see if it lives up to its hype. Read on to learn more about what BitiCodes can do for you and whether the service 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.
Based on our research, Biticodes 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 Biticodes 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.
What is BitiCodes?
BitiCodes is a robot that enables automated trading of cryptocurrencies like Bitcoin, forex currency pairs, and popular indices. It applies a set of fundamental and technical indicators to discover potentially profitable trading opportunities and execute trades automatically.
The Biticodes automated trading software works 0.01 seconds ahead of the market and can trade cryptocurrencies faster than humans. This can help to give you an edge by getting ahead of big market moves.
Furthermore, BitiCodes provides manual trading options for experienced traders. Users can set defined trading parameters and program a trading strategy for the robot to follow. The auto trading software executes the trade as soon as it falls within the defined criteria (e.g. if you set the robot to sell Bitcoin if it falls below a certain value).
|Supported cryptocurrencies||BTC, ETH, LTC, XRP, DASH|
|Demo account?||24 hours|
|Customer support||Live chat, phone, email|
About the BitiCodes platform
How does BitiCodes work?
The crypto robot partners with regulated brokers that offer trading in crypto-assets and/or other trading instruments. The accurate auto trading software scans for signals and sends trading instructions to its associated brokers through an API. The broker trading platforms executes the particular order of trade upon receiving the signal. A trader does not need to monitor or execute the trade to begin trading.
What assets and products can be traded on BitiCodes?
The BitiCodes auto trading software offers cryptocurrency trading in leading coins, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Dash (DASH)
In addition to trading Bitcoin, the auto trading software lets you trade forex currency pairs and popular indices. Here is a selection of forex pairs available on a BitiCodes account.
How much does BitiCodes cost to use?
You can sign up for free with the BitiCodes automated trading platform. The crypto robot does not levy any fee or commission when you trade cryptocurrencies. However, you may need to pay a charge on every trade you conduct through the partnered broker’s platform. Our investigation into the trading software suggests commissions range between 1% – 2%.
What are the payment methods accepted by BitiCodes?
To access the services of BitiCodes, you will need to invest money and deposit a minimum amount of $250 into a trading account. The available payment methods include Mastercard, Visa, credit/debit cards, Skrill, Neteller, and PayPal. Here’s a full list of available payment methods for a BitiCodes account.
- Credit card
- Debit card
- Bank transfer
Is there a BitiCodes app for both mobile and laptop computers?
Yes, there is a BitiCodes app which you can use on desktop or laptop computers and download to a mobile device. The BitiCodes mobile app can be downloaded from the Apple app store and onto Android devices. To use the crypto auto trading software on your computer, you will not need to download an app and can access it directly from a web browser.
BitiCodes key features
BitiCodes shares many key components with similar cryptocurrency trading bots; however, it also includes a selection of unique features and trading tools, some of which we have explained below.
Despite its name suggesting it’s a cryptocurrency trading only platform, BitiCodes also works on other market data and you can use it for forex trading and index trading. This makes the BitCodes platform one of the most diverse auto trading platforms, and it’s easy to find profitable trades in different asset classes and using different sophisticated trading strategies.
Manual trading features
If you’re an experienced trader or have profitable trading strategies already, then you can use the services of the BitiCodes platform to automate your trading completely. With a few changes to its settings, the trading platform can easily be adapted to automatically take trades according to your system.
BitiCodes free demo account
Before you start using the BitiCodes automated trading platform, you can take advantage of its free demo account. Virtual funds allow you to get a feel for how the bot performs and make any necessary adjustments, and are useful if you have no prior trading experience.
Which brokers can I use with BitiCodes?
According to the BitiCodes platform official website, it partners with reputable and regulated brokers. It also states that these brokers carry out the process of KYC and AML before enabling trading through their networks. The brokers that partner with BitiCodes aren’t listed, but our research suggests it includes EuropeFX and UFX.
Can I trade assets with leverage?
Yes, BitiCodes’ partner brokers all offer CFD trading services and the ability to trade with leverage up to 1000:1 This means you only need to deposit a small amount of money into your trading account, to trade large positions.
It is advisable to start with small trading amounts, especially with leveraged trading. Cryptocurrency asset prices are volatile. With leveraged trading, your losses can be maximised if the trade does not work in your favour.
Can I open long and short positions with BitiCodes?
Yes. With your BitiCodes account you can engage in margin trading through its network of brokers. There are multiple trading opportunities, so you can open long and short positions through the BitCodes platform.
A long position is when a trader places a bet that the price of an asset will move upwards, and a short position is when a trader places a bet that the price of an asset will move down.
How do I get paid? What about payouts?
To take your money out of the BitCodes platform, you must submit a request form available on the trading dashboard. The withdrawal amount is transferred to your bank account within 24 hours. There are no limits on payouts or withdrawals.
However, you may have to submit proof of identity, proof of residence, and verify your bank details before beginning to trade and receive payouts from the trading robot.
What is BitiCodes’ customer service like?
If you are not a member of the BitiCodes platform website, you can contact their customer service through live chat and a contact form. However, our team could not instantly get assistance through the live chat option. After you become a member of the trading bot, the available services for contacting their customer service include a phone number, email, and live chat and are available on the BitCodes website.
Safety and security
Is BitiCodes safe to use?
Yes, while testing the automated trading system, we found no issues with security. It uses SSL encryption and anti-virus and anti-phishing measures to keep users safe. Its partner brokers are also all regulated, which means they adhere to strict rules regarding security.
Is BitiCodes regulated?
The BitiCodes platform is not regulated; however, the brokers it has partnered with are licensed by CySEC, the Cyprus Securities and Exchange Commission. When you use BitiCodes to trade the markets, you’ll be covered by one of Europe’s largest and best-known regulators.
Is my money protected on BitiCodes?
Yes, you will be offered protection when you deposit money with BitiCodes’ partner brokers. That’s because its partners have a license with CySEC. One of the benefits of trading with a regulated broker is that compensation schemes are often in place. In the case of CySEC-regulated brokers, anything up to $20,000 is offered as compensation if a broker was to go out of business.
Who owns BitiCodes?
As the popularity of BitiCodes has increased, many rumours have started on online forums claiming that a well-known celebrity figure owns the trading robot. Our team could not find any information supporting these claims, nor could we find the names of BitiCodes’ owners.
Our investigation into the trading platform did uncover that a group of financial traders and software developers created the BitiCodes trading platform. As is common with other trading robots, especially in the crypto space, their names remain hidden due to privacy concerns.
What is the registration and verification process?
The process of registration is free and simple. To access the services, submit the signup form available on the home page (this requires you to give basic details, including your name, phone number, email address, and country of residence).
After this, you must verify the links and SMS sent to your email and phone number. After successful completion, you can now use BitiCodes’ services. In the section below, you will find a step-by-step guide on how to start trading with the BitiCodes automated trading software.
How to start trading with BitiCodes
Step 1. Create an account with BitiCodes
To register on BitiCodes, you must fill out a signup form with all your basic details. After you complete the verification, you will become a member of the automated trading platform and can start to use its services.
Step 2. Make a minimum deposit of $250
To start trading, you have to make a minimum deposit of $250 in the trading interface. Alternatively, you can use its demo feature to navigate different options from its trading software dashboard.
Step 3. Set up your BitiCodes trading system
Once your account is up and running and you’ve funded it with your trading capital, it’s time to set up the BitiCodes trading system. You can change several of its settings, including what assets to trade, how often to trade, and, what time to trade.
Step 4. Adjust risk management settings
To ensure the robot is as safe as possible, you must adjust its risk settings to a level you’re comfortable with. If you want to gamble or are a risk taker, set it high, although our recommendation is to keep risk low, so you don’t lose all of your money.
Step 5. Start investing with BitiCodes
Now, you’re ready to go, but before you start trading BitiCodes on a live trading account, you should consider testing its service on a demo platform. BitiCodes offers a free demo account; setting it up is easy and takes just a few minutes.
Has BitiCodes been recommended by celebrities or appeared on TV?
Many online platforms have speculated that BitiCodes has been endorsed by certain celebrities or appeared on TV shows in various countries. Invezz has investigated these claims and found them all to be false.
Our research indicates that the BitCodes platform hasn’t been used or promoted publicly by any celebrity. To help our users, we have fact-checked the three claims most commonly associated with the trading robot below.
Is it true that Paul McCartney endorsed BitiCodes?
No, it is not true that the BitCodes trading platform has received an endorsement from Paul McCartney. Paul McCartney is one of the band’s two surviving members, The Beatles. He is one of the most famous people in the music industry and is still an active songwriter, record producer, and film producer.
Fact check: False. Invezz could find no evidence that BitiCodes has been used or recommended by Paul McCartney.
Does Ant McPartlin use the BitiCodes website?
We could find no evidence that Ant McPartlin has used the BitiCodes trading platform. Half of the much-loved UK presenting duo ‘Ant and Dec’, Ant McPartlin is one of the most recognisable faces on British television.
Fact check: False. Ant McPartlin does not use the BitiCodes website, nor is he associated with any other trading platforms.
Has Jort Kelder publicly recommended the platform?
Jort Kelder has never spoken publicly about BitiCodes. Mr Kelder is a prominent Dutch journalist and television presenter and has been a recognisable public figure in the Netherlands for many decades. He also used to edit the famous Dutch magazine, Quote.
Fact check: False. We could not find proof of Jort Kelder ever publicly talking about the Bitcodes trading system.
Is there a BitiCodes 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 Momentum 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 robots are fairly simple to use, although to make the most of using one, its helpful to understand how they work. Here are our five top tips for getting started with crypto auto trading bots.
- Familiarise yourself with trading. Beginners need to be familiar with different aspects of cryptocurrency markets. Even with autotrading, you can set your parameters to minimise the number of risks.
- Understand cryptocurrency space. Never invest in something you don’t understand. Crypto assets are volatile by nature. Also, they differ in comparison to other trading instruments. Conducting your due diligence regarding investments and trading in digital currencies is necessary.
- Start with a demo account. If you are a beginner, start with a demo account. This allows you to acquaint yourself with trading and different services of the autotrading bot.
- Start small and build gradually. It is advisable not to engage directly with high leverage. Practice in small amounts. Leveraged trading can result in huge losses if your trade does not work in your favor.
- Only invest what you can afford to lose. While testimonials on the BitiCodes’ aim to generate thousands in daily profits, likely, they are not true. Start small and only invest what you can afford to lose.
Our final verdict on BitiCodes
BitiCodes offers autotrading services for digital currencies and other assets. Its ability to trade various markets is a big plus compared to other crypto auto trading bots focusing solely on cryptocurrencies.
BitiCodes has mixed reviews online. However, our time using the BitCodes accoutn produced consistent results, although they were not as successful as advertised on its official website. One big selling point of BitiCodes is its number of customisable features. Traders can use the software to completely automate their strategies, which can be helpful too for experienced users.
Overall, BitiCodes provides consistent service, albeit not as profitable as it makes. The best way to use BitiCodes is to keep it running alongside your overall trading strategy. This way, you can take advantage of its automation while still making your traders.
Methodology: how we scored this BitiCodes review
The reviews on our website follow the same process. When our crypto experts reviewed BitiCodes, 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 BitiCodes 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.
BitiCodes enables autotrading in crypto and other assets including forex pairs, but it uses over-the-top marketing claims on its website that are not completely true. The testimonials of users generating $1000 in daily profit are unverified claims and are very hard to believe.rnrnExternal sources have mixed reviews about the autotrading robot, and while the robot makes use of advanced technology for retrieving winning trades, it is not possible to have a success rate of 99.4% as asserted on its official platform.
Yes. Registering for an account on BitiCodes is free and simple. The process of registration and verification takes less than 30 minutes. However, you can only register if there is a partnered broker providing services in your jurisdiction.
No. You will only be able to make withdrawals in fiat currency from BitiCodes. This is because the brokers do not offer trading directly in cryptocurrencies. Instead, trades are made using CFDs and all profits are paid in fiat currency.
BitiCodes does offer autotrading services and can be used to place trades, but at the same time it makes wild claims that should be disregarded. It guarantees users generating millions in a few days by availing the robot’s services. This will not happen.rnrnThe trading robot also lacks uniqueness in its services and platform. Various platforms exist under the same name, offering similar services and promises of millions in profits are available on the internet. Also, please note that there are no prominent investors that are affiliated with the robot, despite claims made on its website.
In regards to providing trading services in different instruments yes, but, you cannot generate the scale of profits proclaimed on its website. The robot uses advanced technology to retrieve winning trading signals. It passes these signals to its partnered brokers that execute the trade, with no need for human intervention.
The robot’s platform states that you can use it without any charges or commission. But our research reveals that you are required to pay a charge for each trade that is executed through the broker’s platform.
To delete your account, you have to place a request from the trading dashboard to delete your details from the robot and broker’s platform. Please ensure that you have withdrawn your profits and/or capital before submitting a deletion request.
It isn’t clear who owns the robot. According to its official website, it has been developed by professional traders but there are no names or details of the team behind the trading robot. In our detailed research, we could not gather any evidence to back up these claims. We could also not find the details on the actual founders behind the robot.
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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 >