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Bitcoin Code Review: Is It Trustworthy Or Is It A Scam?
December 24, 2020
If you are interested in trading Bitcoin, chances are that you have come across multiple trading platforms that promise the best trading experience, and Bitcoin Code might be one of them.
You have probably heard of stories about people who have made hundreds of thousands of dollars and even millions, by investing in Bitcoin and other cryptocurrencies. However, there is a need to exercise caution because one can still make losses or even lose your money to scam brokers. That is why it is important to establish whether the broker or the software you want to use is legitimate or a scam, thus our review of Bitcoin Code.
Let us look at what this powerful automated cryptocurrency trading software has to offer.
An entrepreneur and software developer called Steve McKay developed Bitcoin Code, and his goal was to create a system that traders from all over the world could benefit from. He aimed to deliver a universal trading software that would allow investors to benefit from the cryptocurrency market. He based the algorithm for the Bitcoin trading software on trends that are common in the stock market and also in the cryptocurrency market.
McKay’s software can predict global market trends through its combination of advanced technology and large volumes of data. It is also designed to handle rapid transactions so that it can take advantage of sharp declines and increases in cryptocurrency prices. In addition, its automated mode ensures it can enter and exit trades on behalf of the trader, without any human intervention.
Bitcoin Code is advertised on its website as an avenue for traders to achieve financial freedom since it is able to deliver a high success rate. Even the testimonials listed on the website feature individuals who claim to make thousands of dollars on a daily basis. Mckay says that the Bitcoin Code software managed to generate more than $18 million in profits within the first six months after it commenced operations. So, with so many positive reviews and promises to make real profits, the big question is – Is Bitcoin Code your best bet when looking to make some real money off Bitcoin and other cryptocurrencies?
- Fully automated trading
- Very high win rate
- For both large and small traders
How Does Bitcoin Code Work?
Bitcoin Code is a Bitcoin trading software that is designed to help investors to take advantage of investment opportunities in the cryptocurrency market. The software has inbuilt bots that monitor cryptocurrency price movements and then notifies investors so that they can take advantage of the lucrative trading opportunities.
Bitcoin Code already has thousands of active accounts, which means that many people are using it. This Bitcoin trading service is also available across the globe. It is rapidly becoming popular mainly because it offers a system that is easy to learn, thus providing a smooth trading experience even for new traders. That is, even if you have never traded online before and you have no experience in the financial markets, with the Bitcoin Code software, you can profit from trading cryptocurrencies. The platform also offers investors the option of trading manually or automatically. In addition, the trading software is also ideal for those who want to trade full-time not only because of the two options of manual and automated, but also because it is fully capable of handling transactions quickly and accurately. The end result is profitable trades enabling a trader to earn a steady income.
The automated option of the Bitcoin Code means that the system takes over the investing process on your behalf, which means that you can watch it make profits in real-time while you go about doing other things in your life. You could even be fast asleep, and Bitcoin Code will open trades for you. Another thing that makes Bitcoin Code quite an attractive software is that it achieves a high winning ratio at more than 90% on the automatic mode. This makes it ideal for anyone that wants to earn some passive income from the cryptocurrency market.
The Signup Process – How To Open An Account With The Bitcoin Code
Bitcoin Code’s signup process is quite easy as part of its goal of attracting more users. Opening an account is completely free, so you can open an account without depositing cash at first since it has a demo option. The trial account allows you to trade with virtual cash, which cannot be withdrawn, but the conditions are similar to those in a live account.
From the official Bitcoin Code website, you will be required to fill in a registration form in the signup process where you will be requested to fill in your personal data, including your email address, full name, country of residence and your phone number. You will also be required to create a password for your account. Once the new account is verified, it will then be linked to a broker account, after which you can then deposit funds if you wish to do so. It is this broker that will give you access to the trading platform where the Bitcoin Code can open trades for you.
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2. Demo Account
It is important to note that Bitcoin Code offers a demo walkthrough of their trading dashboard. This is an excellent way to get to know how the software works, without risking any money. You can also use this demo account to learn about how to properly set the trading parameters of the software including how much to invest in each trade, the cryptos to trade, the risk amount and more.
3. Deposit and Trade
Also, you have multiple options to choose from if you want to deposit funds and activate the live trading, and they include MasterCard, Visa, PCI, and GeoTrust. Bitcoin Code requires a minimum deposit of $250, while the maximum you can deposit at a go is $15,000. It is these funds that the Bitcoin Code will make trades for you and it is important to remember that these funds are yours and they can be withdrawn at any time, hassle free.
Once you have set your trading parameters, you can then choose to set the Bitcoin Code to automated mode and the software will start analyzing the markets and finding lucrative trading opportunities for you. As simple as that!
Bitcoin Code’s Key Features
- A solid verification system – Some of the cryptocurrency trading platforms out there do not make a significant effort to verify users on their platform. Bitcoin Code considers verification as an important part of its offering. Its verification process, where every person is signing up, is required to provide an email address, their name, and also their phone number. Applicants receive an email containing a verification link to complete the process.
- No fees or commissions – Some brokers and trading platforms charge hidden fees, but that is not the case for Bitcoin Code. The service makes sure that all the charges are clearly stated in the ‘terms and conditions’ segment. As far as the charges go, the software does not take any of your profits and so all the money that a trader makes on the Bitcoin Code trading platform, is 100% theirs.
- Fund withdrawal – Bitcoin Code allows users to withdraw funds any time as part of their plan to offer a high level of convenience. This is unlike some platforms which make it difficult for users to access their funds. It takes about 1 to 3-working days to receive your funds once you initiate the withdrawal request.
- Customer support – This is another one of Bitcoin Code’s strong suits. It offers round-the-clock customer support in case you have any inquiries which you’ll likely not need since Bitcoin Code has such excellent service and features.
Why Automated Bitcoin Trading Might Be Appealing To You
As noted earlier, Bitcoin Code has an automated trading option that uses bots, and it can be considered a good method of earning some passive income. There are numerous reasons why you might want to consider using this alternative other than the fact that it is passive revenue. Its high win ratio means that there is a relatively lower risk of losing your investment despite there still being a certain degree of risk, as with all forms of online trading.
Bots might be intimidating to people because there is the notion that one needs significant programming skills to create a bot that can trade successfully. However, Bitcoin Code makes it easy for users since it already has a built-in powerful and accurate trading algorithm, and one does not have to acquire programming skills as the Bitcoin Code will do everything for you. Also, the automated mode is available to everyone and you can seamlessly move between the manual and automated modes at any time, putting you in full control of your trading activities at all times.
How to Optimize Your Experience With Bitcoin Code
In order to ensure that you are maximizing the success of the Bitcoin Code software, here are some tips to help you along the way:
- Consider investing the minimum amount – Even if you might have previous experience, you can kick off your Bitcoin Code journey by investing the minimum required amount of $250. It is always a good idea to start with an amount that will not be a huge loss in case you end up losing the entire investment since there is still risk involved. This amount will still allow you to make decent profits, and if all goes well, you can grow your balance and not have to top up. Starting with the minimum amount also allows you to understand the system better, unlike a larger sum, which might lead to emotional trading.
- Do some research on automated trading – Even though the Bitcoin Code platform offers automated trading, it is always a good idea to do some research so that you know how best to set up your strategies. This will help you to maximize your profits at your trading level.
- Withdraw some of your profits – Consider regularly withdrawing some of the profits that you make in order to reduce risks or protect your earnings since the markets are volatile.You should consider withdrawing between 25% and 75% of your profits. That way, you enjoy your earnings while at the same time, you make sure that your account capital continues to grow.
- Keep up with your tax obligations – Having an income from your trading activities is all fine and dandy but you also need to make sure you are on good terms with the taxman. Failure to do so might land you in trouble. Find out what the law and requirements are.
- Be wise with your investments – Like the wise old saying, ‘do not carry all your eggs in one basket,’ do not invest all your money in cryptocurrencies. Anything can happen, and you might win big, and similarly, anything can happen, and you might lose your investment. It is better to be on the safe side by investing only a reasonable amount to be on the safe side.
- Fully automated trading
- Very high win rate
- For both large and small traders
Is Bitcoin code a scam, or is it a legitimate trading tool?
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I began Crypto trading more than 4 years back and with the best mehods I’m still able to make at least 1500$ a day normally for me and my customers also using Bitcoin Code.
Bitcoin Code is an automated trading software application developed by Steve McKay that performs trades with Bitcoin and cryptocurrencies for their users, but you need to know how to do that
Trading is a high threat business where you can lose a lot of cash. You need to be prepared and study daily to do that, trigger it’s a major thing and its not a joke
If you are a novice I suggest you to start trading using this.
Bitcoin Trader Review – Confirmed Scam Exposed With Proofs!
Today, we have reviewed the Bitcoin Trader for you. Very quickly we would like to state that it is a full blown scam. The scammers are trying to use the name of Bitcoin to hide their evil intentions. The Bitcoin Trader is definitely not something you would like to use. The reason being that we are sure that this is a scam and there are no doubts about it. The contents of the website and the claims make our job easy. The claims are so dumb that anyone can identify that they are false. The Bitcoin Trader is just one of those many scams which we have exposed for you. Read this Bitcoin Trader review to know why it is a scam.
Bitcoin Trader Review
Starting off the review, it seems that the scammers have decided that they would use bitcoins as their base. Recently we have observed that all scams that come up revolve around bitcoins in some way or the other. The Bitcoin Trader is no different. As you open the website, you are shown visuals of rich and famous personalities. Whats common between all of them? Well, they all seem to be impressed with Bitcoins and are seen talking about the huge potential present in bitcoin investments. Point to be noted here is that these people are talking about Bitcoins and not Bitcoin Trader. So, the point is that while Bitcoin is a real thing and there is no scam in it; the Bitcoin Trader is 100% of a scam and there is not an inch of it which is real.
What does the Bitcoin Trader Claim?
The claims present on the website of Bitcoin Trader scam are what make our task easy to call it a scam! Have you seen anyone becoming a millionaire just by trading in binary options? The answer maybe yes but it is very rare and only in extraordinary instances have people earned huge profits. Its not that binary options are not good to trade with. What we are trying to highlight here is that no matter what the people behind the scenes try to project, the real story is all the same. For instance, the website claims that anyone can earn up to $1300 daily working for just a few hours. This is false but still believable. But how does one become a millionaire in the first months of using the Bitcoin Trader system? These claims are nothing but a bunch of lies which you should be very clear with.
Also avoid BinBot Pro Robot.
How Does It Work?
There is no clear information as to how the Bitcoin Trader works. Just a couple of references here and there on their website and nothing else. It is mentioned that the Bitcoin Trader software has been created with the most advanced programming the trading world has ever seen. Really? Have the scammers invented a whole new programming language or what? The false claims do not stop here. It is further mentioned that the software is able to predict the trades outcome in advance. The software is 0.01 seconds ahead of the markets. How in the world does the software achieve all of it is left for our imagination.
The scammers have broken all their previous records this time. Its not that they have really invented some software which broke all records! They have achieved such a high success rate that is unheard of in the Binary options world. Did you visit their website and notice just how much percent is the winning rate of the Bitcoin Trader? Well if not, let us mention it here. Its an insane 99.4% success rate. They say they would help you “double, triple or quadruple your hard earned money”. Not really! Your hard earned money would be simply stolen by the crooks and you would be left with nothing to spare.
In summary, the working of the software has not been explained. All scams call their software to be the most advanced and ahead of the times. All the images of young men and women seen enjoying are nothing but a cruel joke with all of those who see such websites and offers with hope.
Bitcoin Trader Cost
The website mentions that there is no cost to use the Bitcoin Trader at all. Its for free. This is false actually. The first time you open your account with the brokers, you will have to make an initial deposit of $250. There are little chances that you would be able to recover your initial investments. The only purpose the scammers are circulating such scams is to steal your money. Don’t know how many people have been tricked by the people running the show and their cunning brokers.
This is something which you should be aware of. The testimonials of people who allegedly are the users of the software are all fake. They are not the real users of the software. They are not even traders. The scammers are professional thieves who steal not just your money but also shamelessly use images of people from the internet as well. This is all an old trick which is most commonly employed on fake and scam prone websites. There is no Mark K. , Jennifer A. or Ernest I. who seem to the lucky people living their dreams. Whatever comment you see below their images are nothing more than statements with which the scammers want to trick you.
This Bitcoin trader scam is getting too much viral. I recommend all of my readers to stay away from it as it’s a confirmed scam. Recently, Peter Jones also exposed this scam via Tweet. Check that discussion – https://twitter.com/dragonjones/status/980044092540358656
Recently, one of the most significant websites of crypto industry (bitcoin.com) posted a notice to avoid these three scams – Bitcoin Trader, Bitcoin Code, Bitcoin Doubler.
This scam is still active. Please don’t fall for it guys!
Verdict – Bitcoin Trader is 100% Scam! Avoid It!
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There is nothing like a software which can make you filthy rich with just a few clicks in the day. The idea of earning money without doing anything much itself is flawed. You should ignore such out of the world claims whenever you come across them. The scammers run their complete business around tricking people and effecting frauds. You should stay away from the Bitcoin Trader at all costs. This software is not worth your time or money. You should take our advice seriously and even warn your family and friends if they are considering investing their moneys in it.
The Bitcoin Code Review – Is thebitcoincode.com scam or a good binary options robot?
When even the grandmas on the train discuss something, this means this thing has become a household name. In the past few months we are observing this phenomenon with Bitcoin. From something obscure that only the computer geeks cared about, the cryptocurrency has become huge and everybody is talking about it. Many people are sorry they did not buy a few bitcoins when they cost just a couple of bucks. Many people have already or are currently investing in it. Some, like the Winklevoss twins, have even become Bitcoin billionaires, but the majority of people are not.
Enter the scammers. Usually the Bitcoin is more associated with hacks of bitcoin exchanges and thefts of funds from clients’ wallets, but the scammers can be quite inventive when they have to come up with new schemes to rip off people. The latest addition to the list of binary options trading robots scams is the so-called The Bitcoin Code, which actually has absolutely nothing to do with the Bitcoin. In fact, this is a scam, much similar to The Retired Millionaire, McDonald Millionaire, The Daily Profit, The Blazing Speed Trader, etc.
The entire scheme is targeting people like the aforementioned grandmas on the train who have absolutely no idea what is this, how it works and does it make any sense. The app reportedly has 99.4% level of accuracy for its predictions and claims to be 0.01 seconds ahead of the markets. Whatever this may mean. It promises ludicrous profits of $550 an hour or $13200 a day, by doing absolutely nothing. Except giving your hard earned $250 to the scammers, that is. Just imagine all the nice things you can buy with this kind of money. Every day. Or you can save up and become a millionaire in just a few months. Nice, eh? As the old adage goes, if it is too good to be true, it probably is not true.
Much like the vast majority of the binary options robot scams, the site contains a promotional video that starts off with happy customers who look and sound quite convincing. But, of course, they are freelancers who are getting paid to say whatever’s in the script. We have found the guy with the first testimonial. He is a top-ranking freelancer on the Fiverr platform, that goes by the username banjoman15. Sure enough, there is a banjo in the background of the video testimonial. Banjoman charges low fees, starting from $5 or $10 for his services. If you want him to wear a dress shirt and a tie for the video, you must pay him an extra $5. He can pretend to be anything you want, including a preacher or a doctor.
We did not bother to check the other two happy investors, but the third one made us laugh with his claims how he has been investing for over 20 years, but this trading robot has actually made him rich. A millionaire, in fact. We are not going to delve in much detail on the subject, but we find it very funny that an “experienced investor” had to resort to such desperate measures as giving $250 for an automated trading robot on a dubious binary options site.
Then there is the creator of the code – a really generous and very rich man called Steve McKay who used to work as a software developer in a Wall Street company. Whatever. He developed the code at the bidding of his boss who then took it for himself. But Steve, being a smart guy, tried the software and became a millionaire. He was even on the cover of Fortune magazine. It is strange that we could not find this cover anywhere. So Steve has decided to share his fortune with 25 lucky winners who are getting his ingenious trading app for free. They get to keep the profits. “Steve” gets to keep the gullible people’s $250.
What is the most annoying thing about this video, is that it is figuratively speaking, leading people by the nose. It claims the software invests in bitcoin, when it actually invests in binary options. But they are not being mentioned anywhere and people are led to believe they are investing in bitcoin. For those who want to do that – there are properly regulated forex brokers offering CFDs on bitcoin and other major cryptocurrencies. Some of the platforms have automated trading as well. For those who wish to actually buy bitcoin, there are numerous cryptocurrency exchanges who are easy to use.
What this scam does, is nothing but funneling the money of gullible people who lack any financial knowledge and culture, into the coffers of the offshore binary options broker OptionStars, based in, of all places, Samoa.
The promotional video employs the same sales tactics as the TV sales spots that offer knives, wonder cures, blenders and magnetic belts. It promises wonders, the voiceover is fast and very convincing and constantly reminds you how lucky you are, how you must act now, without thinking it over, as this is a one-time offer and how they actually don’t sell you anything.
Of course, everything is perfectly legal and ethical. Well, not exactly. Is not legal, and even less ethical to rip off people. But we are sure many people bought into this scam and gave their money for nothing. Sometimes we can’t help but wonder how is it possible that so many foolish people to walk the earth.
The Bitcoin Code is a scam. It has absolutely nothing to do with bitcoin or investing in bitcoin, but is merely using the popularity of the cryptocurrency. In fact, this is a scam binary options trading robot that promises unrealistic profits and connects to an unregulated offshore binary options broker – OptionStars.
Our general advise is to avoid investing in binary options at all, as they are very risky and highly speculative and the danger of losing all your assets, even when trading with a regulated broker is fairly high. Dealing with a dubious unregulated broker is even riskier.
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