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Biticodes Review UK

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Throughout the past couple of years, Bitcoin and other cryptocurrencies have become one of the most popular and reliable sources of income for investors/traders. However, since the bitcoin industry is highly volatile, bitcoin traders should have access to tools that will help them make the best trading decisions. In addition, there are many traders who tend to use automated trading platforms to improve their efficiency and make their job more convenient.

The Biticodes cryptocurrency trading robot claims to offer users a 60% profit margin when trading cryptocurrencies each day. Furthermore, there is only a small commission charged on your profits and a demo mode so you can backtest it.

During this Biticodes review, we evaluate the claims made by the website and determine if it’s a legitimate, trustworthy ‘Robo advisor’ or automated trading platform.

Biticodes At A Glance?

A brief introduction to Biticodes’ trading platform is provided below:

Platform type Multi-asset crypto trading
Supported cryptocurrencies BCH, BTC, ETH, LTC, and more
Withdrawal time Instant
Minimum deposit $250

What Is Biticodes?

Essentially, Biticodes is a software designed to facilitate the trading of cryptocurrencies. As it employs advanced algorithms, such as artificial intelligence (AI) and natural language processing (NLP), it can fully automate the process. The result is that Biticodes is able to scan the market efficiently for profitable trading opportunities and to execute those trades on their behalf.

The cryptocurrency trading platform emphasizes the speed of its software. According to the Biticodes team, the software is 0.01 seconds faster than the general crypto market, which is intended to make it easier for investors to get on the market to take advantage of the best deals. Furthermore, its automated nature makes it a great choice for both beginners and advanced investors because it does not require a lot of human involvement. It is stated on the website that users only need to spend 20 minutes a day monitoring their trades.

There is leveraged trading available with Biticodes. This strategy allows investors to borrow more funds than they have in their accounts. By doing so, if the trade is profitable, they will stand to gain more. Leveraged trading, however, can result in significant losses. Through its select brokers, Biticodes offers leveraged trading at a ratio of 5000:1 through its platform. Therefore, users must be aware that trading has many risks and should only invest at a basic level.

There is a claim on the website that the software has a success rate of 96.2% or a profitability rate, but we couldn’t verify whether this statement is accurate.

Biticodes Pros & Cons

Below we will highlight the advantages of the Biticodes trading platform and the areas where it could be improved.

Pros:

  • A trading platform powered by artificial intelligence
  • High-end strategies for rapid trade execution
  • Up to 5000:1 leverage
  • Withdrawals within 24 hours
  • Reasonable minimum investment
  • Suitable for beginners
  • There are no hidden fees or commissions

Cons:

  • The claimed success rate is 96.2%
  • There is no Biticodes app

Your money is at risk.

How Does Biticodes Work?

The crypto buying process is automated by Biticodes, just like all other crypto trading platforms out there. By analyzing an asset’s fundamental and technical characteristics to understand its performance better, the platform uses powerful artificial intelligence algorithms to scan the market for profitable opportunities.

In the event that a profitable idea is identified, the information is automatically relayed to a broker, who executes the trade. After monitoring the digital asset, Biticodes automatically closes the trade at the optimal price points to maximize profit. After the trade has been completed, the profit will be deposited into the user’s trading account for withdrawal or to be used in future trades.

The Biticodes website claims to work with brokers. However, this claim could not be verified. Brokers assist in the execution of trades and hold users’ trading funds. Our Biticodes review found that the platform facilitates crypto CFD trading. This is a term in finance called a contract for difference. A financial derivative instrument predicts the direction an asset will likely trade in during a given timeframe. After the trade is completed, the difference between the contract’s purchasing price and closing price determines whether or not the trade has made a profit or a loss.

Biticodes Fees

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

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

Based on the above table, you can know that the Biticodes trading platform does not charge any fees aside from the minimum investment required to run the automated trading software daily.

Several Biticodes reviews indicate that withdrawals usually take 24 hours to complete.

Is Biticodes A Scam?

A question on the minds of every reader is, “Is Biticodes a scam?”

Although we could not verify the authenticity of the platform’s claims, the platform offers several top-notch services.

The popularity of this Bitcoin trading platform can be attributed to the fact that it claims to be one of a few that offers low-risk profits. It is important to note that Biticodes requires a minimum deposit of $250, which is in line with the industry average and does not pose a huge risk to investors.

Additionally, Biticodes claims to work with brokers. There is a high level of supervision of online trading platforms by top financial watchdogs, so a good automated trading software that works with them speaks highly of its legitimacy.

Users must proceed cautiously when dealing with this platform since the development team is largely unknown. Even though this is not a new occurrence in crypto, users should know that trading cryptocurrencies remain a highly risky endeavor. Therefore, it is recommended that traders only invest what they can afford to lose in order to minimize the risk of losing money.

Your money is at risk. 

Biticodes Payment and Withdrawal

As a cryptocurrency trading bot, deposits and withdrawals can be made in crypto and fiat currencies. Additionally, both crypto deposits and crypto cashouts are processed rapidly, with processing times ranging from instant to just a few minutes, depending on network congestion.

Biticodes Customer Support

A platform’s customer support is one of its most important features. You can contact Biticodes’ customer support team by phone, chat, or email 24 hours a day, 7 days a week. In this way, users can easily contact support if they experience any issues.

Biticodes Security and Regulation

In order to protect your personal information and funds from malicious elements such as hackers, it is allegedly said that the trading bot complies with some of the industry’s best practices.

Biticodes Demo Account

The demo account on the platform can be used after you have obtained the necessary knowledge from the given data. This platform allows a trader to practice how to buy and sell cryptos using paper money in order to improve their trading skills. Demo accounts are replicas of live trading; they can help you identify the mistakes you make during live trading. As a result, it is a very good place for you to backtest your trading strategy before you use it in the live market with real money.

How To Use Biticodes

Below is a step-by-step guide to getting started trading with Biticodes:

Step 1: Sign up for the Platform

You can create a free account on Biticodes by visiting the official website and completing the registration form. Besides your first and last names, you should list your phone number and email address. However, there is no need for you to enter personal information such as bank account numbers, transaction details, or trading history associated with the bank account.

Your money is at risk. 

Step 2: Deposit Funds

After you have traded with the Demo Account for a while, gained a good understanding of how the trading platform operates, and are satisfied with the results that you have achieved, it is time to begin trading with real funds. It is possible to deposit any amount of money you wish; however, the minimum deposit required for you to become a platform member is $250. Once you have added funds to your account, you must choose the pair you wish to trade on, click on “Auto-Trade,” and sit back to watch the platform perform trades on your behalf.

For your first attempt, it is recommended that you invest the bare minimum. Visa, MasterCard, American Express, Discover Network, Neteller, and Credit/Debit cards are available as payment methods.

Step 3: Demo Trade

Learning to trade with a sample account will help you improve your overall trading process and boost your profit as you become familiar with the platform and its many features.

Biticodes offers a demo account that provides $1500 worth of paper money to trade with. Traders can use this sum of money to practice different trading strategies and get used to the platform.

Demo trading environments are not real trading environments, so any profits or losses you make are not real. This means that none of your capital is at risk.

Step 4: Start Live Trading

Once you have practiced with the demo account, you can start live trading with Biticodes. To do this, simply change your demo account to a live account. It is then just a matter of sitting back and watching the robot do all the work for you. Trading bots begin scanning the markets when the auto-trading feature is enabled, looking for potential investment opportunities.

Biticodes Review – Our Conclusion

The purpose of trading bots is to help traders become more efficient, and there is no way to say enough about Biticodes in this regard. The platform was designed in such a way that it would suit the needs of all traders. The unique feature of the Biticodes platform that makes it popular among traders is its simplified market research analysis.

By using Biticodes’ information’, traders gain a better understanding of the trade, allowing them to make informed trading decisions. Partnering with Biticodes is smart if you’re considering entering the crypto market. Start your trading journey now by registering.

Your money is at risk. 

Frequently Asked Questions on Biticodes

Is Biticodes safe?

What is Biticodes trading?

How does Biticodes work?

Is Biticodes available in the UK?

Can you make money with Biticodes?

Jhonattan Jimenez author check sign Pro Investor

English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.

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