Bitcode Prime is a crypto trading bot that users can leverage to automate their trades and analyses. It runs on an algorithm that scans market prices and points out suitable times to buy and sell.
As automated trading becomes popular, retail traders seek ways to maintain an edge in the ever-expanding crypto market.
This Bitcode Prime review dives into what it is, how it works, its pros and cons, what to expect when using it in the real world, factors to consider before using it, and how to begin.
Bitcode Prime is a trading bot that trades cryptocurrency. It allows traders to set buy and sell entries, take profits, stop losses, and execute their orders as it appears without human intervention.
The bot also analyses the market to uncover relationships between price and other factors and variables like volume, interest rates, news, volatility, and momentum. It then uses its findings to mark out optimal buy and sell points.
Like many other trading bots, Bitcode Prime’s developers remain unknown. However, they are believed to be a team of traders, mathematicians, and software developers with experience with quantitative trading.
Bitcode Prime runs on an AI algorithm that treats market data as discrete variables and runs permutations to detect relationships or strong correlations between values or data types.
The algorithm does this on a fundamental or technical basis. The fundamental focus is on the innate qualities of the cryptocurrency that affect its price, while technical factors focus on factors that are directly related to the cryptos price movement.
When the algorithm establishes the nature of the relationships between various aspects of a crypto’s price (e.g., an increase in momentum equals an increase in price), it recalls it when similar situations occur in the present.
The trading bot also connects to various exchanges simultaneously to buy crypto assets at the best price for investors looking for a good entry point.
Bitcode Prime supports seven major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). It trades cryptos using derivatives called Contracts for Differences (CFDs), allowing the bot to offer trading pairs that far outnumber the number of supported cryptocurrencies.
Bitcode Prime offers more than 20 tradable pairs creating numerous opportunities to make money.
Reports say that Bitcode Prime offers its users a 5000:1 leverage facility. This means that traders can borrow up to 5000x their capital to make trades. This ratio is far above industry average of 1000:1 and is usually not ideal for traders, especially beginners. Users are advised to trade with caution.
There is no information on the website about spreads. However, given that the service charges a 2% commission on profits, we expect spreads to be close to raw spreads.
You need to register your account by providing your name, phone number, email address and your country of residence.
The minimum amount you should deposit is 250. In order to deposit your funds, go into your account and look for the 'deposit' option.
Define the trading parameters and preferences including stop loss and take profit limits to ensure risk minimisation.
Bitcode Prime has a unique portfolio management feature that helps investors maintain their portfolios by automatically rebalancing the crypto assets according to a formula or conditions. Investors can set conditions and percentages for each asset in their portfolio while the bot ensures that these conditions are maintained.
Bitcode Prime has a simple user interface that newbies can get around. Because it is also geared towards investors looking to manage their portfolios, the bot’s interface design is easy for non-traders.
At a 90% success rate, Bitcode Prime is one of the most accurate crypto trading bots, according to its claims. Investors and new traders rely on this accuracy to manage their portfolios and make a profit.
Bitcode Prime has a demo mode that users can access without the deposit requirement that several other bot providers impose before granting access to their demo accounts. Users can access their demo accounts once they create their accounts and pass verification. With the demo mode, they can test strategies against real market data without using real money. Once they are familiar with the bot to use real money, they can switch over to a live account.
Once programmed to trade, the Bitcode Prime bot will execute trades non-stop according to its directive. Traders can participate in market sessions that would have proved difficult due to time differences. The feature also frees up time for traders to carry out other tasks.
The bot uses AI-powered algorithms to analyse the market and spot profitable opportunities. Because it is powered by software, it is not beholden to the same limitations as humans. It can process a lot more data at incredible speeds without making mistakes.
Bitcode Prime accepts deposits in a selection of major fiat currencies like USD, GBP, and EUR through payment channels such as bank transfers, credit and debit cards, and electronic wallets like PayPal. The platform also accepts deposits in cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dash (DASH), and Litecoin (LTC).
Before signing up with Bitcode Prime, ensure that its day-to-day operations, limits, and conditions are favourable.
Always be aware of the pricing structure of trading bots because they differ from providers. Bitcode Prime does not charge deposit, withdrawal, trading, or maintenance fees. However, it charges a 2% commission on profits made.
Bitcode Prime requires a minimum deposit of $250 to begin using a live account. You can deposit using debit and credit cards, bank and wire transfers, PayPal, Neteller, and cryptocurrencies. There are also no deposit or withdrawal charges, although your payment provider may charge you.
New account users are required to pass KYC verification by providing a government-issued ID and a proof of address document like a utility bill. Some crypto brokers may also require a source of funds document like a bank statement.
Bitcode Prime does not impose limits on withdrawals. All you need to do to withdraw is fill out a form. The service processes it within 24 hours.
A lack of regulated partner brokers is a red flag as standard brokers do their due diligence before working with any service. Bitcode Prime partners with brokers regulated by the Cyprus Securities and Exchange Commission (CySEC).
Independent reviews are a good way to gauge the services of any online service provider. Most of the reviews we found were positive, both from high authority review sites and individuals.
Customer support on Bitcode Prime is available 24/5 via email and live chat. Agents are on standby to answer queries and provide help.
Bitcode Prime holds its own against other crypto traders. Although some other crypto trading bots have higher claimed success rates, the bot distinguishes itself in its ability to manage portfolios.
Overall, it is a great option for traders who seek automated portfolio rebalancing. Other worthy opponents include Bitcoin Prime, Bitcoin Motion, and Immediate Edge.
To test Bitcode Prime’s legitimacy, we checked the number of user reviews that were specific and detailed enough to indicate familiarity with the platform and the quality of their customer service.
We found genuine reviews from people who have used Bitcode Prime well enough to write specific reviews. The general trend of reviews was positive.
Bitcode Prime’s customer service was adequate when we reached out to them. The service agents were helpful and swift in their response. Our findings paint Bitcode Prime as a reliable trading bot.
Bitcode Prime uses SSL certificates to secure its website and user data. They also partner with regulated brokers who implement industry standards for information protection.
Also, the bot does not store users' funds and so does not run the risk of losing them. Instead, it keeps the funds with the broker and accesses them as needed. This way, funds remain with secure brokers at all times.
Bitcode Prime is a cryptocurrency robot automated trader that offers a wide range of features to ease trading and make it more profitable.
Bitcode Prime has a unique portfolio management feature that automatically balances investors' portfolios. Users can set the percentage of each asset (ideally all crypto assets) in their portfolio and a rebalancing time. At the rebalancing time (which could be hourly, daily, monthly, or quarterly), the bot rebalances the portfolio in the set proportions.
Because of Bitcode Prime’s easy-to-use interface, you can get set up in minutes without any prior experience or knowledge. The platform’s UI is straightforward with a quick verification process, and the demo account is accessible for practice before moving to a live account.
Bitcode Prime has a success rate of 90%, and while it is not a guarantee, it is among the top bots in terms of success rate claims. Users can rely relatively comfortably on the automated mode to make a profit.
The bot allows users to implement risk management policies vis-a-vis stop losses and position sizing. These policies only need to be set once and are used for subsequent trades.
Traders and investors have access to about 7 cryptos like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Ripple (XRP). These cryptos serve as a basis for several CFD pairs, providing numerous opportunities for traders to make money.
The best way for newbies to trade with Bitcode Prime is to leverage the AI analysis after backtesting it. New users will have limited knowledge of the market or the bot at least, so they can use the demo account to ensure their theories and develop trading strategies.
When developing a trading strategy, stick to simple parameters like entry levels, exit levels, and stop losses. The entry and exit levels are the prices a trade is opened and closed at, while the stop loss is the price the trade is closed at when in a loss.
Advanced traders can implement more refined strategies using indicators and test them with the demo mode before implementing them in the market.
Bitcode Prime trades 24/7 when its auto mode is active. Traders can trade volatility from different time zones or execute strategies even while they sleep. All you need to do is set your parameters and deploy, and the bot does the rest.
Bitcode Prime trades the news by taking advantage of price swings brought about by updates like inflation, token unlocks, or regulatory policies. And because the bot can make sub second trades, it can get into or out of positions just before emerging swings pick up momentum.
Bitcode Prime can be programmed to scan the prices of supported cryptos across various exchanges and take advantage of price discrepancies.
Bitcode Prime is focused more on using online marketing to acquire customers. They also use Geo-specific ads to reach customers in specific markets and regions. So far, there have not been any television appearances by the company.
This morning is a magazine lifestyle, cookery, fashion and news show. The hosts usually have lots of guests who talk about a variety of topics from lifestyle to business and everything in between. However, there is no recorded episode where Bitcode Prime or anyone from the company featured on the show.
Shark tank is an entrepreneurship show in the US where upcoming business owners pitch their ideas to a panel of business tycoons in hopes to get funding and support. There is no evidence that Bitcode Prime appeared on the show at any time in the past.
Dragon’s Den is a UK version of the show Shark Tank and is actually the first to air. And similar to Shark Tank, the show has never featured Bitcode Prime or anyone publicly affiliated with the company.
Bitcode Prime has not been endorsed by any celebrity that we know of.
The CEO of Tesla is known to throw his support behind crypto projects, especially Dogecoin, and even cause rallies with his tweets. However, our records do not indicate any involvement between Elon Musk and Bitcode Prime.
The American rapper and businessman is known for his involvement with NFTs and partnership with multiverse projects. While Snoop has thrown his support behind several projects, Bitcode Prime is not one of them.
The billionaire and Shark Tank investor has also been deeply involved with crypto assets, most notably NFTs. But, similar to Elon, Mark has not endorsed Bitcode Prime or any other trading bot, for that matter.
The popular comedian and talk show host has talked about crypto and NFTs several times. However, our findings do not show evidence that he endorsed Bitcode Prime.
Gordon Ramsay is a popular celebrity TV chef. His show focuses on food and cuisines and he has not been known to publicly dabble in crypto. Our findings show that all claims about Gordon Ramsay endorsing Bitcode prime are false.
The tech guru and Dragon’s Den panelist have funded many businesses over the years. However, we found no evidence that he is directly involved with or has endorsed Bitcode Prime now or in the past.
Bill Gates is a popular tech billionaire who has funded several projects. However, he has publicly voiced his disdain towards cryptocurrency as a whole. We found no evidence of him ever endorsing Bitcode Prime.
Ensure that your account is safe by using two-factor authentication. Use strong passwords, ideally an alphanumeric string with at least one capitalised character, and never give your passwords to other people. If you have trouble remembering your password, use a password manager.
The possibility of profit could cause inexperienced investors to throw in all they have. This is a wrong approach that sooner or later results in financial ruin. Instead, set a portion of funds, ideally money you can live without. Exert more granular control by setting guides for position size based on your overall capital. A rule of thumb is to not risk more than 2% of your capital on a single trade. For example, if your account size is $2000, the risk on each trade must not exceed $40.
As a newbie, avoid reinvesting profits into your trading account. Move the profits out of your trading account into another type of investment. This allows you to build wealth with the proceeds from your trades.
Can I use Bitcode Prime in the US?
Can I use Bitcode Prime in the UK?
Can I use Bitcode Prime in Australia?
Can I use Bitcode Prime in Sweden?
Can I use Bitcode Prime in Germany?
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Can I use Bitcode Prime in Switzerland?
To begin using Bitcode Prime:
To register for a Bitcode Prime account, you’ll need an email address, phone number, and full name. After creating an account, you’ll need to verify your identity to unlock its features. This requires a valid form of ID and a proof of address document like a utility bill.
After verification, Bitcode Prime will refer you to a partner broker to create an account. This broker will store your funds and provide the trading terminal to use the bot. To sign up with them, get the same documents as the step above although some may also ask for a proof of funds document like a bank statement.
For newbies, stick to entry and exit levels, and a stop loss. However, advanced traders can create more intricate strategies. Ensure you test them first in the demo account.
Bitcode Prime’s minimum limit is $250. You can deposit via bank cards, wire transfers, PayPal, Neteller, and some cryptos.
Once you set the key parameters in your trading strategy, use the bot’s automatic mode to execute your strategy.
Bitcode Prime is a trading bot that leverages AI-powered algorithms to analyse live market data, spot trends between variables like price and momentum, and execute profitable trades.
Its most compelling feature is its automatic portfolio rebalancing component. Investors can automatically rebalance and maintain their portfolio by setting the cryptos they want in their portfolio and the proportions they want them in. The bot then works to maintain the set parameters.
The bot claims a success rate of 90% and while this is not a guarantee, it is higher than some of its peers.
Account setup is known for being easy. Traders can go from no account to running a trading strategy in about 10 minutes thanks to a simple and straightforward user interface.
To begin trading, you’ll need to deposit a minimum of $250 through a bank transfer, wire transfer, electronic wallet, or crypto. However, the demo account is available to use whether or not you deposit.
When signing up, ensure you have a valid ID and a utility bill with your name and address clearly displayed.
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 Prime review.
Bitcode Prime is a cryptocurrency robot trader that analyses crypto prices and automated trades.
There is always the risk of losing funds due to an error on the part of the AI algorithm or poor risk management on the part of the user.
The minimum deposit amount is $250 via bank and wire transfer, credit and debit cards, and electronic wallets like PayPal and Neteller. You can also deposit selected cryptocurrency.
You can potentially make a lot of money with Bitcode Prime. However, this depends on your ability to develop effective trading strategies while implementing tight risk management policies.
No, there is no mobile or desktop Bitcode Prime app. The bot is cloud based and runs in tandem with an MT4 trading terminal.
No. Bitcode Prime is not associated with global ecommerce giant, Amazon. Our findings do not show evidence of any collaboration or business relationship between both companies or their members.
No. Although Tesla is a technology company and its CEO, Elon Musk, has shown support for crypto, Bitcode Prime is not associated with Tesla.
The owners of Bitcode Prime remain anonymous. However, they are believed to be a team of traders and programmers with trading experience.
Yes. Bitcode Prime is a real company that offers real service. They partner with regulated brokers and have a functioning customer service team.