Bitcode Method Review 2022 – Is it Legit?
Bitcode Method is an automated crypto trading platform. The service trades Bitcoin, Ethereum, and several other popular cryptocurrencies on a trader’s behalf using algorithmic crypto signals. Bitcode Method doesn’t make claims about its performance, but it’s free to use and offers a demo account for traders to test it out.
So, is Bitcode Method legit? In our Bitcode Method review, we’ll take a closer look at the pros, cons, and features of this crypto trading service.
Bitcode Method Overview
Let’s start our Bitcode Method overview with a brief summary of everything traders need to know about this trading platform:
|Platform type||Automated crypto trading platform|
|Supported cryptocurrencies||BTC, ETH, XRP, USDT|
|Claimed success rate||Not specified|
|Withdrawal time||Same day|
What is Bitcode Method?
Bitcode Method is an automated crypto trading platform. This trading platform claims to buy and sell Bitcoin, Ethereum, Ripple, and Tether on behalf of a trader with no manual intervention.
Bitcode Method also claims to be capable of trading several popular US stocks, including Facebook (Meta), Apple, Amazon, Netflix, and Google – the so-called FAANG stocks.
When to buy and sell is determined by an artificial intelligence (AI) algorithm, according to the site. The algorithm recognizes price patterns that have led to trading opportunities in the past and acts accordingly. When a trade is completed, the trader gets to keep all of the profits and they can be used to fund future trades. So, profits can compound over time on Bitcode Method.
Bitcode Method’s service is free to use and comes with 24/7 customer support. The platform does not make any claims about its past performance and we were not able to determine the algorithm’s performance as part of our Bitcode Method review.
Bitcode Method Review: Pros & Cons
- Trade BTC, ETH, XRP, and USDT
- Trade FAANG stocks
- Free to use and no commissions
- Demo trading account available
- Accepts a wide range of payment methods
- Access to 24/7 customer support
- $250 minimum deposit to open an account
- No information about past performance
- Does not offer mobile apps
How Does Bitcode Method Work?
Bitcode Method claims to use an AI algorithm in order to identify trading opportunities and act on them. The algorithm has apparently been trained on several years’ worth of crypto and stock market data, so it is able to recognize price patterns that have resulted in tradable price movements in the past.
When the algorithm detects these patterns in the present, it can execute a buy or sell based on the price movement that is expected to occur. Funds for the trade are automatically taken from a trader’s account. The algorithm exits the trade when a profit target or stop loss is met and then returns all funds to the trader’s account.
This repeats multiple times a day and the profits from one trade can be used for the next trade. So, traders’ accounts can potentially compound in value over time if Bitcode Method’s algorithm is successful. Traders are also free to withdraw money from their account at any time.
Bear in mind we have been unable to verify Bitcode Method’s claims, so you should research and form your own conclusions.
Key Features of Bitcode Method
We identified several key claimed features in our Bitcode Method review that make this platform unique.
6 Crypto Trading Pairs
Bitcode Method’s site says it is able to automatically trade 6 cryptocurrency pairs: BTC/USD, ETH/USD, XRP/USD, USDT/USD, BTC/USDT, and ETH/USDT. Bitcoin, Ethereum, and Ripple are among the largest cryptocurrencies by market cap and are highly volatile. The ability to trade USDT pairs also allows Bitcode Method to trade when the price of the Tether stablecoin slips from its $1 USD peg.
Automated Stock Trading
In addition to crypto trading, Bitcode Method also claims to support stock trading for a selection of mega-cap US stocks. Specifically, the platform can automatically trade shares of Facebook (now Meta), Apple, Amazon, Netflix, and Google. All of these stocks are widely traded and can be volatile enough to provide for numerous trading opportunities.
Demo Trading Mode
Bitcode Method offers a demo trading mode as part of its platform. This is a key feature because it gives traders a chance to test out Bitcode Method before they commit money to live trades. In demo mode, the algorithm will still find and execute trades, but it will use virtual money instead of real funds. So, traders can see whether the platform is turning a profit under current market conditions.
The platform’s demo mode can also be useful for more experienced traders. Traders have the ability to adjust the algorithm to be more or less sensitive, and it can be a good idea to test out these adjustments in demo mode.
Wide Range of Payment Methods
Bitcode Method makes it simple to move money into and out of a trading account. New traders can make a deposit by credit card, debit card, bank transfer, PayPal, Yandex, Skrill, or Neteller. Bitcode Method also accepts crypto transfers in BTC, ETH, XRP, or USDT. All deposits are fee-free.
Withdrawals can be made in any of the above payment methods. Withdrawal requests are typically processed within a day and all withdrawals are free.
Dedicated Account Manager
Each new trader on Bitcode Method apparently receives a dedicated account manager who can walk them through how to use the platform and answer any questions they may have. In addition to an account manager, traders have access to 24/7 customer support. Support is available by phone or live chat.
Bitcode Method Commissions & Fees
Bitcode Method doesn’t charge any fees for using the platform. Anyone can register for free and there are no membership fees or commissions on trades. Bitcode Method also doesn’t take a commission on the profits it earns for traders. Deposits and withdrawals are both free as well.
Is Bitcode Method a Scam?
Bitcode Method is an automated crypto trading platform, and it can make some traders wary because the data that goes into the algorithm is secret. However, Bitcode Method’s claimed approach to algorithmic trading is shared by other crypto trading platforms and even forex trading and stock trading platforms that rely on automated signals.
Bitcode Method does not provide any details about its past performance, but it also doesn’t make claims about its profitability. Bitcode Method reviews and testimonials are largely favorable and indicate that the service has been profitable for some traders.
Notably, traders have the ability to try out Bitcode Method for themselves using the demo trading account. This doesn’t require risking money on live trades and gives trades a chance to see how the service performs under current market conditions.
You should do your own research into Bitcode Method before signing up as we couldn’t verify its claims.
Bitcode Method Minimum Deposit
Bitcode Method requires a minimum deposit of $250 to open a new trading account. This deposit is required in order to access the demo account as well. Traders are able to withdraw their funds at any time with no fees if they decide that Bitcode Method isn’t right for them.
Customer Support at Bitcode Method
Each trader at Bitcode Method is assigned a dedicated account manager who can walk them through the basics of how to use the platform and answer any questions. In addition, Bitcode Method has a 24/7 customer support team available by phone and live chat. Traders must have an active Bitcode Method account in order to contact support.
How to Get Started with Bitcode Method
Ready to get started using Bitcode Method? We’ll explain how traders can start using this platform to trade crypto and stocks in a few simple steps.
Step 1: Sign Up
Head to Bitcode Method’s website and enter the name, email, and phone number of the trader registering an account. Then click ‘Register for Free.’
Step 2: Make a Deposit
Bitcode Method requires a minimum deposit of $250, which traders can pay by debit card, credit card, bank transfer, e-wallet, or crypto transfer. There are no deposit fees for any of these methods.
Step 3: Try Demo Trading
Most traders will want to start using Bitcode Method in demo mode. That way, they can learn how to navigate the platform and see how the algorithm performs before risking money on live trades. Traders can also use this as an opportunity to change the algorithm’s sensitivity.
Step 4: Start Live Trading
Once traders are comfortable with Bitcode Method, they can activate live trading. Just toggle the switch from demo mode to live mode in the Bitcode Method dashboard. The platform will automatically begin executing trades using real money from a trader’s account.
Bitcode Method is an automated crypto trading platform that claims to use AI to trade the crypto and stock markets. The platform doesn’t make claims about its past performance, but it’s free to use and enables traders to test it out with a demo mode. Bitcode Method also offers 24/7 customer support for traders.
Ready to give Bitcode Method a try? We recommend doing your research and checking out the platform yourself beforehand.
Frequently Asked Questions on Bitcode Method
What is Bitcode Method?
Our Bitcode Method review found it a crypto trading platform that claims to trade Bitcoin and other cryptocurrencies automatically using AI technology.
Does Elon Musk use Bitcode Method?
When creating our Bitcode Method reviews we didn’t find any evidence that Elon Musk is linked to the platform in any way.
Did Martin Lewis promote Bitcode Method?
No, we haven’t found any evidence of Martin Lewis promoting Bitcode Method UK.
Is Bitcode Method on Reddit?
There doesn’t seem to be any discussions of Bitcode Method on Reddit from what we’ve seen.
Is Bitcode Method have good reviews on Trustpilot?
There doesn’t appear to be a Bitcode Method Trustpilot page as of yet.
Is Bitcode Method a scam?
We were unable to verify the claims made on Bitcode Method’s website, so you should do your research and form your own conclusion before signing up.