The cryptocurrency market has exploded in popularity over the last few years. With prices fluctuating wildly day to day, some see crypto as an opportunity to make money through trading. However, crypto trading can be complex and high-risk for beginners.
That’s where “crypto robots” like Biticodes come in. Biticodes claims to use AI and algorithms to automatically trade bitcoin and other cryptocurrencies for users. But is Biticodes a scam, or can it really help traders profit? This review will analyze if Biticodes is legit and worth using.
How Does Biticodes Work?
According to the Biticodes website, the trading bot uses artificial intelligence (AI) and complex algorithms to scan the crypto market looking for profitable opportunities. When Biticodes spots a potentially winning trade, it uses trading bots to automatically execute the deal for you.
This allows Biticodes to make trades much faster than a human trader could. The website claims Biticodes can make over 1,000 trades per hour with a success rate of around 90%. So in an hour of trading, you could see 900 winning deals completed for you!
To use Biticodes, you simply create an account, deposit funds, and let the bot handle trading for you automatically. You can access Biticodes through any web browser or mobile device as long as you have an internet connection.
Key Features
Here are some of the key features highlighted by Biticodes:
- Automated trading – Biticodes bots do the trading for you automatically around the clock.
- High success rate – The website claims a win rate of 90% for trades.
- Trade multiple coins – In addition to BTC, Biticodes can trade ETH, LTC, XRP and other popular cryptos.
- Demo account – Try Biticodes risk-free before depositing real funds.
- Customer support – Get help from real customer service agents 24/7.
- Security – Encryption and other measures are used to protect your funds and data.
- No hidden fees – Biticodes is free to use outside of your trading capital deposit.
Is Biticodes Legit? Can You Make Money?
Based on our research, Biticodes appears to be a legitimate automated trading platform that can generate money for users.
We couldn’t find any major red flags or obvious signs that Biticodes is a scam. The trading platform is professional looking and functional in our testing.
Many reviews from real users online report making profits after signing up and depositing funds on Biticodes. Of course, past results don’t guarantee future performance.
It’s important to note that no automated trading system has a 100% win rate. There is always risk involved when trading, especially in the volatile cryptocurrency market. So you should never invest more than you can afford to lose.
However, Biticodes seems potentially worthwhile for traders interested in harnessing the power of algorithms and AI to trade bitcoin and altcoins.
We’re not the only ones who found Biticodes to be a potentially worthwhile crypto trading bot. The cryptocurrency experts over at Indexuniverse recently published their own in-depth review of Biticodes and came to similar conclusions.
Step-by-Step Guide to Using Biticodes
Step 1: Create an Account
Visit the Biticodes website and enter your name, email, phone number and password to sign up for an account. Accounts are free to create.
You’ll get a verification email to confirm your account. Click the link in the email to complete the process.
Step 2: Make a Deposit
Once your account is verified, you need to deposit funds to begin trading. The minimum deposit is $250. You can deposit via debit/credit card, bank transfer, or various online wallets and payment processors.
Biticodes itself does not charge fees for deposits. Your deposit amount will be credited in full to your trading balance.
Step 3: Demo Trading (Optional)
For new users unfamiliar with the platform, Biticodes provides a demo trading feature. You can practice using the trading system with demo virtual funds to get comfortable.
The demo account mirrors real trading so you can test out the platform before putting real money at risk. It’s a good idea for beginners to spend some time in demo mode.
Step 4: Go Live Trading
When you’re ready, enable live trading on your dashboard. You can choose settings like trading amount per deal, assets to trade, max daily loss amount, and more.
Biticodes will start scanning markets and executing automated trades based on your settings. Sit back and watch your account balance grow as the bot trades for you!
Step 5: Withdraw Earnings
Once you’ve accumulated profits, you can withdraw them. Log into your account and submit a withdrawal request.
According to Biticodes, withdrawal requests are usually processed within 24 hours. You can withdraw back to your original payment method.
Tips for Success and Avoiding Losses
Here are some tips to maximize profits and avoid major losses when using Biticodes:
- Start small – Don’t deposit your life savings. Begin with the minimum $250 or a similar small sum you can afford to lose until you see profits.
- Use demo trading – Get experience with the real platform using demo trading first before putting up your own money.
- Monitor performance – Check your account periodically to make sure trades are being executed as expected.
- Set loss limits – Use settings like stop loss to automatically exit trades that lose more than a defined amount.
- Cash out profits – Withdraw profits regularly so they aren’t at risk from future trading.
- Don’t overleverage – Be cautious with margin trading. High leverage can lead to devastating losses.
- Research the market – Take time to learn about the assets being traded and overall crypto market conditions.
Who Is Behind Biticodes?
The Biticodes website does not provide much background on who created the trading bot or owns the company. The platform seems to have first appeared in mid-2022.
Some basic online searches did not uncover much on the founders or developers behind Biticodes. This lack of transparency is somewhat concerning. We could not find definitive information on the team’s identities or professional backgrounds.
The website itself does look professionally made, with decent writing and design. But the lack of details on the company’s ownership is something potential users should be aware of.
Biticodes Review Conclusion
Overall, Biticodes appears to be a legitimate and potentially profitable cryptocurrency trading bot. The automated functionality can make crypto trading easier for beginners. Thanks to algorithms and AI, no trading experience is required.
However, there are risks involved as with any trading bot or cryptocurrencies themselves. There is no guarantee of profits. We recommend starting small and using all risk management features to minimize potential losses.
While we couldn’t uncover details on the team behind Biticodes, the platform itself seems well-designed and functional. As long as you proceed with caution, Biticodes could be a worthwhile tool to explore automated crypto trading.
Frequently Asked Questions
Is Biticodes free to use?
Yes, Biticodes is free to sign up for and use. The only cost is your initial deposit of trading capital, which starts at $250 minimum. There are no subscription fees or commissions.
What cryptocurrencies can I trade with Biticodes?
In addition to Bitcoin, Biticodes also allows automated trading of popular altcoins like Ethereum, Litecoin, Ripple, Bitcoin Cash and more.
Is there a Biticodes app?
Currently there is no dedicated mobile app. But the Biticodes web platform is mobile responsive, so you can access your account and trading via any mobile browser.
What is the minimum deposit for Biticodes?
To begin live trading, Biticodes requires a minimum deposit of $250.
How long do withdrawals take?
According to Biticodes, withdrawal requests are processed within 24 hours. However, withdrawal speed also depends on your payment method. Cryptocurrency withdrawals are generally faster than bank transfers.
Can I use Biticodes in my country?
Biticodes accepts most countries. Restricted locations include the United States, Canada, Israel, Iran, North Korea, Turkey, Belgium, and Sudan. Check the Biticodes website for the latest on availability in your country.
Is Biticodes safe to use?
The website claims user data and funds are protected by encryption and other security measures. As long as you enable all recommended security settings for your account, Biticodes appears reasonably safe to use based on our review.
What is the success rate of Biticodes?
The Biticodes website claims a success rate of around 90% for its automated trades. However, this high win rate is not independently verified. As with any trading bot, losses are still possible.
Can I do manual trading on Biticodes?
The platform is geared towards automated trading. But Biticodes does provide trading charts, signals and analysis tools you can use for manual trading if desired.
How much money can I make with Biticodes?
It’s impossible to predict exactly how much you can earn through Biticodes. Returns depend on your deposit amount, assets traded, market conditions and other factors. Use demo trading to get a sense of potential profits based on different trading amounts.