BitiCodes Review – Scam or Legit?

The crypto market has seen an explosion of activities in the past year. This is largely due to the record surge in value of blockchain-based assets. However, the crypto industry is known to be quite volatile due to the absence of a real-world asset backing them. In a bid to generate maximum returns while mitigating losses, several investors are turning to specialised Bitcoin trading platforms. One of these specialised automated trading platforms is the BitiCodes cryptocurrency trading software.

This BitiCodes review will explore the cryptocurrency trading platform and how to get started using it.

BitiCodes Summary

Below, we highlight the key features of the BitiCodes trading platform:

Platform type Bitcoin trading platform
Minimum Deposit $250
Withdrawal Window 24 hours
Leverage 5000:1
Fees & Commissions Nil
Mobile app Nil
Claimed Success Rate 96.2%

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What is BitiCodes?

BitiCodes is a trading software centred around cryptocurrency trading. It employs sophisticated algorithms like artificial intelligence (AI) and natural language processing (NLP), so it is fully automated. As a result, BitiCodes can efficiently scan the market for profitable trading opportunities and execute those trades on behalf of the user.

The cryptocurrency trading platform asserts the swiftness of its software. According to the BitiCodes team, the software is 0.01 seconds faster than the general crypto market, which means investors will be able to get into the market to buy at the best prices. Its automated nature makes it ideal for both beginners and advanced investors as the platform requires little human interference. According to the website, users only need to spend 20 minutes a day monitoring their trades.

BitiCodes comes with leveraged trading. This is a trading strategy that allows an investor to borrow more funds than their current balance allows. This way, they stand to gain more if the trade is profitable. However, leveraged trading comes with significant losses. BitiCodes offers leveraged trading of 5000:1 through its select brokers. Users should be aware that trading is risky and should only invest at a basic minimum.

While the website claims that its software has a 96.2% success rate or profitability, we could not verify the veracity of this statement.

BitiCodes Pros & Cons

Below, we highlight the advantages of the BitiCodes trading platform and the areas it requires improvements.

Pros
  • AI-powered trading software
  • Rapid trade execution using high-end strategies
  • Leverage up to 5000:1
  • Withdrawal within 24 hours
  • Reasonable minimum investment
  • Beginner-friendly
  • No hidden fees and commissions

Cons

  • 96.2% claimed success rate
  • No BitiCodes app

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How Does BitiCodes Work?

Like all crypto trading platforms, BitiCodes automates the crypto buying process of the best altcoins. The platform uses powerful AI algorithms to scan the market for profit-making opportunities by considering an asset’s fundamental and technical data t gain better insights on its performance.

Once a profitable idea is identified, the information is relayed automatically to a broker, who then executes the trade. Then, BitiCodes monitors the digital asset and automatically closes the trade at the optimal price points to maximise profit. Once the trade is completed, the profit is deposited into the user’s trading account for withdrawal or continued trading.

BitiCodes claims to work in conjunction with brokers. However, we were not able to verify this claim. These brokers aid the execution of trades and also hold users’ trading funds. Our BitiCodes review found that the platform facilitates crypto CFD trading. CFD, contracts for difference, is a financial derivative instrument. They are used in predicting the direction an asset may likely trade in a given timeframe. Once the trade is completed, the difference between the purchasing price and end of the contract determines the profit or loss of such a trade.

BitiCodes Key Features

Now that we have reviewed the platform’s operations, investors may be wondering what its key features are. Below, we highlight some of its crucial characteristics:

User-friendly

The BitiCodes platform is user-friendly. This is due to its automated nature which requires little human involvement. Users can begin using the platform by just clicking the ‘Scan’ button to identify profitable trades. Thereafter, these trades are forwarded to the brokers. This makes it ideal for beginners with little to no technical knowledge of trading platforms and advanced users looking to automate their investment processes.

AI-Powered Algorithm

Crucial to its framework is the use of artificial intelligence or AI. Our BitiCodes review found that the platform relies on this algorithm for rapid trade scanning and execution. This makes it highly efficient and more profit-oriented than a human trader. Because of the implementation of these sophisticated algorithms, it can operate continuously.

Demo Trading

Our BitiCodes review reveals that the platform offers a demo or dummy account. This demo account also comes with virtual funds, which users can utilise to run a BitiCodes test and discover if it works as claimed. Also, users can easily compare its data in real-time with the broader crypto market.

Offers Leveraged Trading

The BitiCodes platform offers users an opportunity to net substantial profits through leveraged trading. This is set at a maximum figure of 5000:1. Investors use leverage trading to borrow funds from a broker to increase their potential profits. While leverage trades come with higher returns, investors could see their positions liquidated, essentially losing all their funds. We recommend users only trade with a low minimum and leverage to avoid substantial losses.

The BitiCodes team claims to work in partnership with brokers for executing their trades. This way, users’ trades are executed and the profits deposited into their accounts.

BitiCodes Fees

Besides the minimum investment, here are the fees the BitiCodes trading software charges users:

Account fees None
Account Maintenance Fee None
Registeration Fee None
Inactivity Fee None
Withdrawal fees None
Commissions None

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

The table above shows that the BitiCodes trading platform does not charge any fees besides the minimum investment required for running the automated trading software.

For withdrawals, several BitiCodes reviews show that 24 hours is the average time for their completion.

Is BitiCodes a Scam?

One question on the mind of every reader is, “is BitiCodes a scam?” Although we could not verify the authenticity of its claims, the platform boasts of several top offerings.

For one, it claims to be one of the several Bitcoin trading platforms offering users a way to make gains with little risks. BitiCodes’ required minimum deposit of $250 is in line with the industry average and doesn’t pose a huge risk to investors.

Also, BitiCodes claims to work with brokers. Online trading platforms are highly supervised by top financial watchdogs, so working with them speaks to an automated trading software’s legitimacy.

However, we advise users to deal cautiously with this platform as the development team is largely unknown. While this is not an uncommon occurrence in the crypto space and among Bitcoin robots, users should be aware that trading cryptocurrencies remains a risky venture. We recommend that traders only invest what they can afford to lose.

BitiCodes Minimum Deposit

As we mentioned earlier, BitiCodes has a minimum investment or deposit of $250. This is in line with most trading platforms within its niche although some like BitAlpha AI have a lower min deposit.

BitiCodes Customer Support

Customer support is an important part of a platform’s features. BitiCodes promises that its customer support team is available 24 hours, seven days a week and can be contacted through a voice call, chat, or email. This makes it easy for users to enquire if they have any issues using the platform.

How to Use BitiCodes

The process of getting started on BitiCodes can be completed in as little as 10 minutes. To begin using BitiCodes, follow these detailed steps:

Register an Account

Visit the BitiCodes official website. There is no BitiCodes app, meaning users will have to depend on the web-based platform for all their trading activities.

A popup registration will be provided on the website for the new user to get started immediately. New users must fill in their full names, email addresses, and phone numbers. Remember to set the region of residence. Once the information has been inserted, tap on the ‘Register for Free’ button to proceed to the next stage.

Deposit Funds

The next step will be to fund the created account. Our BitiCodes review shows that the platform supports several top payment methods, including credit or debit card and e-wallet solutions. Click on the ‘Deposit’ button and insert the amount to be deposited. While BitiCodes does not have a maximum deposit limit, the platform has a minimum deposit of $250.

Demo Trading

Before new users begin trading, we recommend using the demo feature. This gives access to learn the ropes about the crypto market and learn how the platform works at no cost.

Live Trade

The final step will be to go live. Tap on the ‘Live’ icon to start trading with the deposited funds. However, remember to set risk parameters and any other settings before starting the trading software. The identified trades will automatically be forwarded to a broker within the user’s region for trade execution.

The Verdict

Our BitiCodes review has examined the software’s core functionalities and features and addressed the question, “is BitiCodes legit?” BitiCodes is a comprehensive crypto auto-trading software developed to assist both novice and experienced traders in making successful and accurate deals. It provides quick and straightforward access to several the most prominent cryptocurrencies.

Although BitiCodes promises sizable returns on trades, we still advise users to deal cautiously with it as crypto trading is a highly risky venture.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs

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Is BitiCodes legit?

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Who owns BitiCodes?

 
Jimmy Aki

Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.