What’s with Bitcoin Code?
Bitcoin Code is promoted as an automatic trading platform that sells and buys cryptocurrency on behalf of users. This kind of trade is trending on social media in a sense to overcome the instability of the huge crypto market.
A trading bot’s main goal is to employ artificial intelligence to analyze the market and produce profitable trading tips. This is done so that traders can place trades even while users are asleep and do not have to invest a lot of time in market research.
It was unable to confirm the platform’s claim that trading Bitcoin, Ripple, Ethereum, and other well-known digital currencies results in accuracy rates of 99.4%. With Bitcoin Code, users need no prior trading knowledge to get started, and are free of transaction costs.
So, does Bitcoin Code live up to its claims? Let us read about all that one should know about this Bitcoin robot and assist users in determining whether Bitcoin Code is legal or illegal.
About Bitcoin Code
Bitcoin Code is an exclusive cryptocurrency trading platform, which is also known as ‘LogoBitcoin Code’. Not much 3rd party auditing is available or backtesting nonetheless.
According to the platform, it can automatically sell and buy cryptocurrencies like Ethereum and Bitcoin on traders’ behalf to make money through swift automatic trades. Bitcoin Code returns all auto trading earnings to users’ trading accounts, allowing them to compound and grow their account balance over time.
According to this Bitcoin robot, it uses a complex algorithm that monitors the bitcoin market. The algorithm used by the platform, according to its website, is 99.4% accurate in trading and quick enough to always be 0.01 seconds faster than market moves. However, these assertions cannot be confirmed. Remember that there is risk involved in all trading, and Bitcoin Code holds the potential to lose money.
Interestingly, the Bitcoin Code site claims that this platform is totally free. Users don’t have to pay anything to open a new account, and there are no commissions or trading costs associated with using the platform. Bitcoin Code has a $250 minimum deposit requirement, but users can test it out in demo mode risk-free and they can withdraw their money instantly whenever wanted.
Key Features of Bitcoin Code
An in-depth examination of a few of the distinguishing qualities that make this trading platform stand out is done for Bitcoin Code.
1) Speedy Trading
The company claims that the algorithmic trading platform for Bitcoin Code is extremely quick and capable of trading cryptocurrencies around the clock. Since the platform always reacts at least 0.01 seconds faster than human traders, the platform asserts that it has benefits over the market.
Although analysts were unable to confirm these assertions, such as speed will enable Bitcoin Code to spot patterns quickly as they emerge and to always receive the best deals when making trades.
2) Trade Several Cryptocurrencies
Eight different cryptocurrencies, including Bitcoin, Ripple, Ethereum, Litecoin, Bitcoin Cash, Tether, Bitcoin SV, and EOS, can be traded with Bitcoin Code. Trading a variety of well-known cryptocurrencies is crucial since it increases users’ chances of making money when they sell and buy.
These eight cryptocurrencies all enjoy significant trade volumes since they are all well-known. Furthermore, compared to stablecoins like Tether, the majority of these coins exhibit substantial volatility.
3) Demo Trading Mode
Users can simulate trades in Bitcoin Code’s demo trading mode without putting real money at risk. This is a fantastic method to put Bitcoin Code to the test and see if it lives up to its promises and matches users’ trading styles.
Also, users can safely adjust most of the trading algorithm’s settings in the demo mode to make them more appropriate for the present state of the market.
4) Success Rate claimed to be 99.4%
According to Bitcoin Code, the trading platform holds a 99.4 percent rate of success. Several crypto trading services make similar, outwardly unsupportable possibilities, but it’s possible that they’re just doing so for promotion. Since cryptocurrencies are a highly volatile financial asset class, analysts are unable to validate this claim independently. Hence, users must proceed at their own risk as this win rate might not be attainable in the long run.
5) Fees of Bitcoin Code
The fact that there are no fees at all for Bitcoin Code usage is one of its best advantages. There are no commissions or costs associated with trading, deposits, or withdrawals. Users should be well aware that the brokers of Bitcoin Code employ charge ranges for cryptocurrency trading. Bitcoin Code does not impose these charges directly.
6) Instant Withdrawals & Deposits
Without charging costs, Bitcoin Code enables bank transfers, debit cards, and credit card deposits. Users can begin trading right after since deposits made with debit and credit cards become instantaneously available in their accounts. This site claims to pay the user in just a few minutes of a request of withdrawal is also free of fees.
Working of Bitcoin Code
According to the assessment of Bitcoin Code, this software claims to automatically trade bitcoins using a sophisticated algorithm. As per Bitcoin Code, the algorithm is able to identify price patterns that are likely to lead to bearish or bullish moves since it has been trained on years’ worth of cryptocurrency day trading data. The algorithm starts a trade when it notices a pattern that it is familiar with.
To start a transaction like buying Bitcoin, users’ trading account funds are used by Bitcoin Code. When price movement slows or the pre-set profit target is met and the trade is closed. Any fund, like winnings, is transferred back to the trading account so that they can use it for future dealings.
Bitcoin, Ripple, Ethereum, Litecoin, Bitcoin Cash, Tether, Bitcoin SV, and EOS are the 8 specific cryptocurrencies that Bitcoin Code tracks for price trends. These coins offer several trading opportunities since they frequently witness huge trading volumes and the majority of them exhibit high levels of volatility.
The Bitcoin Code is simply a trading bot that uses an AI algorithm to precisely project price nature and performs deals that result in a profit. People consider Bitcoin Code to be a favorable cryptocurrency trading bot as it does not charge any commissions or fees, has an easy-to-navigate user interface, needs no lengthy signup process, can be confirmed in a short amount of time, and provides automated trading.
Despite this, consumers should never fall victim to false security or complacency due to the advantages of a trading bot. Trade can be extremely volatile and is subject to factors beyond anyone’s control comprised in the transaction, especially trading in cryptocurrency. Users should exercise caution and refrain from spending all of their resources at once since they must be aware that the rate of success is 99.4% and this means that there is still a chance of suffering losses.