Bitcode AI is a cryptocurrency auto-trader that lets users trade various cryptocurrencies without having to do technical analysis. The purpose of this crypto trading bot is to execute profitable trades on behalf of the its customers.
Crypto trading robots are now a popular way to achieve higher trade accuracy, however, several scams permeate the market.
We researched, tested, and included everything you need to know in our Bitcode AI review. Find out whether this bot is a scam or a legitimate auto-trader.
As a result of a comprehensive review into the Bitcode AI app, it’s safe to say that Bitcode AI seems like a legit crypto trading bot.
If you would like to sign up for a free account then use the link provided below to get started. Your free account manager will then be in touch to walk you through the process.
Minimum Deposit
$250
Fees and Commission
None
Claimed Success Rate
90%
Supported Cryptocurrencies
20+
Deposit and Withdrawal Fees
Trading Platform
MT4
Demo Account
Yes
Verification
KYC
Leverage
5000:1
Bitcode AI is a cryptocurrency trading robot that automates cryptocurrency trading. The bot claims to be powered by artificial intelligence, which the trading platform uses to predict profitable trades for its users.
The advanced software uses machine learning to identify Bitcoin trading opportunities, eliminating the need for active user participation and allowing the bot to run autonomously.
Like a lot of the best crypto trading bots on the market, the Bitcode AI platform is designed for beginner traders. It is perfect for novices who don’t have previous experience trading in the cryptocurrency market. That being said, it is still important that people looking to use the bot are knowledgeable about how the tool works.
The trading system uses advanced strategies to make its users profitable trades, and you can get started with a deposit of $250.
Bitcode AI is best used as part of a wider trading portfolio. Note that all trading comes with risk, and you should not rely completely on the bot’s algorithm, but use it in tandem with your own research into crypto instruments.
Bitcode AI’s official website doesn’t provide much information about the personal identities of its founding team.
However, from our thorough research, we found out that the team behind the trading software are mathematicians, software developers and experienced traders.
They pooled their strengths and years of experience together to create Bitcode AI.
Bitcode AI helps its customers to make successful trades in the cryptocurrency market by sending its users notifications created from information gathered by the trading bot’s algorithm.
The bot’s goal is to give users a chance to trade crypto assets for a profit, so these notifications may be in the form of trade signals delivered via email or push messages.
The algorithm gathers data from social media platforms, news outlets and stock markets, pools all of this information together, ingests it, and analyses it to spot profitable trading opportunities.
When it has locked on to a pattern, the platform will send an email to its customers, who can then choose to execute the trade for profit.
If you choose to trade, the Bitcode AI software uses financial instruments called Contracts for Differences (CFDs) to execute positions. These instruments track the prices of specific underlying assets like crypto, stocks, and commodities.
CFDs allow traders to execute positions no matter the direction of the market, a feat that is impossible with actual coins. We dive deeper into CFDs in a later section
To gain access to this tool, sign up for free on their website and verify your account. The app will then generate a portfolio for you and allow you to begin with some basic trades.
Your free account manager will be on hand to guide you through using the tool. You can get in touch with them via web chat or phone call.
Once you’re familiar with the platform, you can set up a more advanced portfolio. One of the benefits of using the Bitcode AI platform is that there are no fees associated with making a trade. You won’t find any hidden fees or commissions taken from your funds.
Bitcode AI’s demo account is perfect for beginners, allowing them to practise their trading strategies before entering the live market.
Sometimes called ‘paper trading’, demo trading allows you to make trades using real market data, but with virtual funds. This creates a risk-free environment to learn about your Bitcode AI account, develop your knowledge of the tool, and practice trading strategies without worrying about losing your funds.
You can use the demo account to see whether or not you want to use Bitcode AI long-term.
Bitcode AI doesn’t charge its customers any fees to use the platform. You can sign up for free, deposit and withdraw your funds for free.
signing up fees
Deposit fees
Withdrawal fees
Trading fees
Bitcode AI has one of the better customer support teams compared to other crypto trading bots.
Their customer support agents are available 24/7 via phone, email, and live chat to help guide you through navigating your Bitcode AI account, or answer any queries you may have.
Bitcode AI offers 5000:1 leveraged trading for its users. Leverage allows you to increase the size of your position without increasing your capital. Your broker borrows you the money needed to open a position of a larger size. This borrowed fund is what is called leverage.
However, be cautious when using leverage, as it carries substantial risk.
Bitcode AI does not charge withdrawal fees. And, in addition to free withdrawals, requests are processed quickly, usually within 24 hours.
External reviews are a great way to see how other people rate a product or service. Bitcode AI has hundreds of positive customer testimonials on third-party websites that endorse the trading software as a reliable tool.
The official Bitcode AI website also has many positive reviews by happy customers.
The customer support team at Bitcode AI are available 24/7. You can contact them via email or web chat.
We called the customer support team several times at different times of the day. Each time, we got through to a human representative. The longest time we waited was about 15 minutes, which is pretty standard.
Bitcode AI’s automated trading software works with regulated brokers. The tool also uses SSL encryption to ensure the safety of customer information, such as personal details and card information.
As an added layer of security, users must pass KYC to prevent impersonation.
Perhaps the weakest area of Bitcode AI is its educational material. Little to no course information or guide exists for beginners to benefit from.
Some trading platforms offer courses on how to use the platform and guides on how to implement trading strategies effectively. Unfortunately, none of these exists on Bitcode AI.
Some trading platforms make it extremely difficult for customers to withdraw funds to their bank accounts. It can take weeks for the balance to transfer.
We found that Bitcode AI has a very efficient withdrawal process. We filled out a withdrawal form on Bitcode AI and received our funds within 15 hours.
This speed cannot be guaranteed for all users, as high request volumes may result in longer processing queues. However, on average, Bitcode AI processes withdrawals much more quicker than other trading platforms.
Each trading bot on the market has its own strengths and weaknesses. The best crypto bot for you depends on what you want in a trading robot.
Here are some other auto-traders on the market for you to compare against Bitcode AI:
Bit Index AI uses Artificial intelligence and machine learning to execute trades.
Immediate Edge is a particularly good choice for users in remote regions looking to trade crypto CFDs.
Ethereum Code focuses specifically on Ethereum and erc 20 tokens.
Qumas AI is a great trading bot for people who want to be able to auto-trade crypto and forex markets.
Bitcoin Era is a sensible option for people solely looking to trade Bitcoin CFDs.
With so many different crypto trading platforms on the market, it can feel overwhelming to decide which one to trust. You may even find yourself asking “Is Bitcode AI a scam, or is it legit?”
It is true that there are a number of scams out there in the crypto market. However, Bitcode AI does not appear to be one of them.
Bitcode AI deals with CySEC licensed brokers who help to manage your account. Safety is extremely important to Bitcode AI, which is why its website is secured with an SSL certificate.
Bitcode AI also has a fully staffed customer service centre that is always on hand to answer any questions that you may have.
Note that using trading robots is risky in general, and you stand to lose money. Even Bitcode AI is not perfect, and it is possible that the algorithm can miscalculate trends. This is why we recommend that everyone should conduct their own research before using the tool.
Our investigation found no evidence that money has ever been stolen from the platform. This is because client funds are not kept with the bot but with regulated third-party brokers.
There have been a few famous hacks in the cryptocurrency industry. However, we could not find any such stories that involved Bitcode AI. This makes Bitcode AI one of the safer traders that complies with GDPR standards.
Bitcode AI is best used in its automated trading mode. This mode lets the algorithm handle all the market analysis and trade execution.
The mode also allows the bot to run 24/7 without getting tired. And unlike the stock market, the crypto market is open 24/7, and you will be presented with more opportunities to make a profit.
Simply set up your account, configure the trading parameters and let Bitcode AI handle the rest.
Bitcode AI is highly customisable. It comes with many different features, all of which are useful for traders.
The more advanced users, who employ complex strategies, can tweak the robot’s settings to perform actions that the default mode of the software is limited to accomplish.
While success cannot be guaranteed, Bitcode AI averages a 90% success rate. The lowest review we could find was around 60%, while the highest was around 95%, placing Bitcode AI in the upper echelons of crypto trading robots.
As many of Bitcode AI’s customers are complete beginners in crypto trading, it is crucial that the user interface is simple for novices.
Bitcode AI put a lot of time into making their bot beginner-friendly. Due to the fact that the algorithm does most of the heavy lifting, all that is left is for users to complete simple tasks, like setting strategies.
Bitcode AI is completely free to use. While other crypto trading bots charge hidden fees, Bitcode AI gives access to all its features for free. You simply need to make a minimum deposit of $250 to start trading.
Ideally, Bitcode AI should supplement your manual trading, it should not entirely replace your existing trading system.
Experienced traders can ease the burden of having to put in long hours of research and reading technical analysis charts by automating parts of their trading using Bitcode AI.
They can set up their trading strategies and let the trading bot take care of the rest. All they need to do is regularly check how the bot is performing and tweak their strategies if need be.
New traders can start with the demo trading account first. This will allow them to see how the algorithm works, how effective their trading strategies are, and how to set up limits such as stop-loss or take profits.
With time, everything should start falling into place. You will realise that it’s much easier to use a crypto trading bot than to manually trade on a CFD platform or a regular exchange.
The internet is awash with Bitcode AI rumours appearing on top financial, business, and entrepreneurship shows such as Shark Tank and Dragons Den. Our team sought to establish if there was any legitimacy to the claims by conducting thorough research.
The American show features budding entrepreneurs who pitch their ideas to a panel of established business tycoons. If the judges like the ideas and believe them to be moneymakers, they invest a percentage stake in the company.
As you can imagine, plenty of innovative ideas feature on the show, even some in the field of Fintech and cryptocurrencies.
However, after digging through several seasons of the show, our team didn’t find any evidence of Bitcode AI ever featuring on the show.
This is the British version of Shark Tank, and the show is set along the premises of its American counterpart. The idea is to offer entrepreneurs with the best ideas access to capital to bring their business ideas to life.
Our team went through several seasons of the series, and even though there were mentions of blockchain and cryptocurrencies, there wasn’t a particular feature from Bitcode AI.
Our researchers also came across rumours of Bitcode AI being endorsed by several celebrities. They were particularly intrigued by these claims, given how different celebrities have taken to cryptocurrencies over the years.
Williams is popularly known to many as Arya Stark, who finally managed to kill the Night King, a fictional character on Game of Thrones.
She once tweeted asking if it was the right time to invest in Bitcoin. This led to speculations about her affiliations with different crypto platforms, one being Bitcode AI. However, our team didn’t find any truth in this matter.
Elon became one of the richest men on the planet after his net worth grew six-fold in 2020. He is very vocal about cryptocurrency and tweets regularly about certain coins like Bitcoin and Dogecoin.
After some research, we couldn’t find any particular moment when he endorsed Bitcode AI directly.
Popularly known as the Rock, Dwayne is known for his work ethic, from shooting movies to running production companies and many other ventures.
He isn’t shy about expressing his opinion on cryptocurrencies and is quite strong on Bitcoin. Rumours linking him with a Bitcode AI endorsement turned out to be untrue as our team couldn’t find a particular incident where he promoted the platform.
TI has been one of the biggest proponents for cryptocurrencies and blockchain technology within the Hip Hop community over the past few years.
Still, last year, he found himself on the SEC’s wrong side after he was asked to pay fines in excess of $75,000 for promoting ICOs that infringed on securities laws. Nonetheless, TI is not linked to Bitcode AI in any way.
We’ve researched many crypto trading bots over the years and concluded that trading requires a smart strategy to be successful. Below is a list of tips that may help you to improve your trading.
If you’re a trading beginner, you may want to start small. This goes for any type of investment that you don’t have a great deal of knowledge of. Starting small minimises your risk and allows you to learn the ropes.
Seeing as Bitcode AI has a minimum deposit level of $250, that might be a good amount to start with.
Tax authorities are very aware of the growing cryptocurrency market and they want to ensure that the right taxes are being paid. Crypto traders are therefore required to file taxes on profits derived from crypto trading.
Depending on your geographical location, you may also have to pay taxes on crypto gifts and keep a record of transfers. Make sure you have a record of all your transaction details for when this time comes.
When entering a field in which you are a novice, it’s a good idea to find experts to learn from. Find people who understand the area well and can see around corners.
There are plenty of experts in the cryptocurrency world, do your homework to find them. Once you’ve found some, consider their advice and apply what you learn.
Make it a goal to set aside a portion of your profits in case of a rainy day. Crypto is known for events that suddenly crash the market or send it soaring. Avoid being too eager, do not reinvest everything back into more trades
You should never invest more money into your trades than you can afford to lose, even as an established trader.
Even though Bitcode AI claims to have a very high success rate, there are no guarantees in trading. If things go wrong (and they almost always do), you don’t want to find yourself in a situation where you have lost all of your savings.
To begin using Bitcode AI:
Signing up will require an email address and a phone number. Go to the Bitcode AI website and fill out the registration form. After creating your account, you’ll be required to submit KYC documents such as an ID card and proof of address.
Trading strategies can be simple, including an entry-level, an exit-level, and a stop loss. Try creating a few to see how they work or use existing templates. We talk more about setting these levels in the last step.
Ensure your strategy works as intended by testing it in the demo trading account. The demo environment trains the model to recognise the specific parameters of your strategy in the market and execute accordingly.
You can now deposit funds into your account to begin live trading. The minimum deposit is $250, but you can deposit the equivalent in GBP or EUR. Check the broker’s deposit methods and limits for more accurate details on what payment channels are available to you.
Setting up automatic trading involves setting trading parameters which match your strategy. Every strategy has an entry point, an exit point (also called take profit), and a stop loss.
Entry and exit points are straightforward to define; they are the points where you open and close a trade. However, stop loss is the price point below the entry price for buy trades, where the crypto bot will close your trade if it doesn’t work out.
Stop loss is a risk management tool, determined by the amount of money you are willing to risk on every trade. A general rule of thumb is to never risk more than 3% of your total account value on a single trade.
Going by this rule, you should place a stop loss at a price where the loss will be less than 3% of the total value of your trading account.
There are over 20 cryptocurrencies listed on the Bitcode AI platform. Some major ones include
Bitcoin
Ethereum
Ripple
Litecoin
Bitcoin Cash
However, the bot trades CFDs, not the underlying asset. This means that you will not own the underlying crypto asset, instead, you will trade the asset’s price movements.
These CFDs allow the bot to execute trades in both market directions i.e. uptrend and downtrend. If Bitcoin’s price is going up, the bot can long a Bitcoin CFD and benefit from increasing prices.
So also, if BTC’s price is trending down, the bot can short a Bitcoin CFD and benefit from falling prices. This way, traders can benefit no matter what the market does.
Bitcode AI operates solely in the crypto market. If you want to expand your portfolio to stocks or forex then you may want to consider other trading bots. Bitcode AI supports the fiat currencies; USD, GBP and Euros.
Bitcode AI allows users to apply leverage of up to 5000:1 in their trading activities. This is higher than typical cryptocurrency trading bots and much higher than industry standards, which essentially means that it could lead to more losses than gains if caution is not exercised.
Leverage trading, also known as margin trading, is very risky. This is why it is crucial to be confident in your trading strategy before you apply leverage, and do not use all your funds at once.
The official Bitcoin AI website does not state the amount of spread on the platform. However, the system integrates with crypto brokers, so you can confirm the spreads with them directly. Most brokers charge low spreads in crypto trading, so if you are on a budget, then you do not need to worry.
Can I use Bitcode AI in the UK?
No
Can I use Bitcode AI in the USA?
Can I use Bitcode AI in Germany?
Can I use Bitcode AI in France?
Can I use Bitcode AI in Australia?
Can I use Bitcode AI in the Netherlands?
Can I use Bitcode AI in Denmark?
Can I use Bitcode AI in Finland?
Can I use Bitcode AI in Norway?
Can I use Bitcode AI in Thailand?
Bitcode AI is a legitimate cryptocurrency trading robot. The results we achieved with this bot were quite impressive and we believe anyone can achieve similar results.
However, ensure that you know what you are getting into before you sign up. The algorithm of Bitcode AI is not public and there is limited information online about the platform’s founding team.
Also, be sure to always test your strategies in the demo account before using real funds.
If you are ready to sign up for your free account, go to their website and follow the simple instructions.
We review crypto robots by aggregating various tests, reviews, and testimonies across the web, allowing us to give you a balanced view that accounts for multiple perspectives. Check out our why trust us and how we test pages for more information on our testing process.
We are aware that the internet is full of false testimonies: there are several purported trading robots out there that are, in fact, scams. For this reason, we find it important to compare information from across the internet in our Bitcode AI review.