Ethereum Code Review 2022 - Honest Review by Trader

Ethereum Code
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Ethereum Code is a crypto trading bot that automatically trades on behalf of its users. It runs on an AI-powered algorithm that analyses the crypto market and predicts price movements for profitable trades. Once set up, the bot trades strategies without human intervention.


It is yet another bot that promises high returns, low fees, and an easy user interface for all traders. We found out if these claims are true.


Our Ethereum Code review dives into the trading bot, how to use it, its pros and cons, factors to consider before using it, whether or not it is legit, and how to get started.

Ethereum Code Summary

Minimum Deposit
$250
Fees and Commission
None
Claimed Success Rate
88%
Deposit and Withdrawal Fees
None
Trading Platform
Web, MT4
Demo Account
Yes
Verification
KYC
Regulation
CySEC regulated brokers
Currencies Supported
4+ cryptos

What Is Ethereum Code?

Ethereum Code is a trading bot that makes trading easy and convenient by automating the analyses and execution process using artificial intelligence.


The bot studies price patterns, predicts price movements and selects optimal entry and exit points. Traders can then choose to automatically execute trades or implement some other strategy.


Ethereum Code works with regulated brokers to store user funds and enforce risk management policies.

Who Created Ethereum Code?

Ethereum Code is reportedly created by a team of professionals that includes a former Wall Street trader, developers, and finance experts with several years of experience.


The algorithm is based on industry practices used by wall street institutions to generate billions of dollars in profit every year.

How Does Ethereum Code Work?

Ethereum Code uses artificial intelligence to study price data in real-time, identify strong patterns, and predict future price movement based on established trends. When it locks on to a certain pattern, it will execute winning trades when the pattern repeats itself.


The trading bot connects to a third-party broker and relays trade instructions via their trading terminal. Trading is not done with the cryptos themselves, instead, the bot uses a financial derivative, called a Contract for Difference (CFD) that tracks the price of the underlying crypto.


This CFD allows traders to execute long and short prepositions and use leverage facilities. It also significantly increased the number of trading pairs available as cryptos can be paired with supported fiat currencies.


To ensure safety, Ethereum Code never stores its users’ funds. Instead, it works with third-party brokers to access and trade the funds. It also partners with brokers regulated by the Cyprus Securities Exchange Commission to ensure funds are in a regulated environment.

Overview of Ethereum

Ethereum is a programmable public blockchain with a native coin called Ether or Ethereum (ETH). It was built by a team of developers and computer scientists with popular members like Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin.


The blockchain was built as an all-purpose computer to power a new age of applications that do not require centralised authority or permission to run, called dapps (decentralised applications). These dapps are powered by bits of code known as smart contracts that serve as the building blocks for the entirety of the decentralised space.


Ethereum is currently the largest programmable public blockchain ecosystem with billions of dollars locked in decentralised finance, NFTs, multiverse, gaming, and several other decentralised versions of legacy business applications, making it and by extension its currency (ETH) valuable.

Ethereum Code Pros & Cons

Pros

  • Quick and easy verification process
  • User-friendly interface
  • Zero-fee structure enables cheap trading
  • Demo account is available for risk-free practice
  • Easy and quick withdrawals in 24 hours
  • Customer service via email and phone, 24/5

Cons

  • No app
  • Minimum working capital of $250 might be a barrier for some individuals

Ethereum Code Key Features

Customer support

Ethereum Code has a customer service team on standby to help with any issues or help users set up their accounts. They are reachable via phone and email 24 hours every weekday.

Demo mode

The demo mode is effective for users who wish to test the bot before committing funds. Seasoned users can also use it to analyse and refine trading strategies before deploying them with real cash.

Multiple Cryptos Supported

Ethereum Code supports 4 major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). However, the bot trades CFDs enabling it to offer several crypto pairs.

High Trade Success Rate

The Ethereum Code algorithm is a sophisticated algorithm that is sensitive to price trends and consistently reacts profitably. Third-party reviews place its success rate at around 90%.

Easy and Quick Withdrawals

The crypto trading platform enables you to withdraw your funds anytime you want. You get your payment within 24 hours of filling out a withdrawal form.

Global Reach

Ethereum code is available in 150 countries, including Europe, Australia, Asia, and the United States, thanks to their partnership with global crypto brokers.

Factors to Consider Before Using Ethereum Code

Before signing up for an Ethereum Code account, ensure that its policies and processes don't hinder you in the future. We analysed metrics that give a realistic representation of how Ethereum Code's processes perform in action. We also assigned a score out of five for each category.

Costs and Fees: 5/5

With traditional Bitcoin trading services and platforms, you have to worry about a number of transactional costs like commissions, withdrawal fees, funds storage charges and other expenses. That's not the case with Ethereum Code as it offers a completely free trading experience with no hidden costs aside from the transparent commission fee.

Deposit and Withdrawal Limits and Methods

To begin using Ethereum Code, you’ll need to deposit a minimum of $250. You can deposit using credit and debit cards from VISA, Mastercard, Discovery, and American Express, as well as bank transfers. There are no withdrawal limits.

Payouts: 4/5

Payouts occur relatively quickly, usually within 24 hours of a request. All you need to do is fill out a withdrawal form and wait for your funds to hit your brokerage account.

Verification System: 4/5

All new accounts need to be verified. You’ll need a government-issued ID like a driver’s licence and a proof-of-address document like a utility bill or bank statement to verify your account after registration.

User Testimonials: 4/5

Independent third-party reviews are a reliable way to gauge service delivery before engaging a service. Ethereum Code robot has hundreds of positive user testimonials across different platforms that endorse it as a reliable trading bot. This shows that individuals have used the trading bot to consistently earn profits.

Customer Service: 5/5

Customer support on Ethereum Code is available 24/5 via email and phone. Agents are on standby to help set up your account and fix any issues you may face.

Affiliated Brokers: 4/5

When registering for an Ethereum Code account, you can choose from a list of affiliated brokers. These brokers are established crypto brokers with a long-standing reputation in the cryptocurrency market.

How Does Ethereum Code Compare?

The major decider between trading bots is how successful their algorithm is. At a success rate of 88%, Ethereum Code is world adequately when compared to other popular cryptocurrency robots.


Other robots like Immediate Edge and Bitcoin Up offer a similar automated experience but Ethereum Code's is easy to use.

Is Ethereum Code Legit?

Since Ethereum Code is an automated trading bot with multiple claims about profitability, we needed to ensure it is legit.

Real Satisfied Users

We found genuine reviews from people who have successfully used Ethereum Code to trade. Anecdotes were largely positive as users were able to get used to the platform and generate profits.

Accessible Customer Service

We were able to connect with a customer representative from Ethereum Code and found them to be smart and prompt. Their answers were satisfactory and we were treated in a hospitable manner.

Is Ethereum Code Safe?

Ethereum Code stores client funds with a third-party broker with their own security measures. The bot works with that broker to execute trades meaning that your financial info remains with the broker, not the trading bot.


So far, there have been no reports of data breaches or loss of funds due to security gaps.

6 Reasons to Use Ethereum Code for Trading

Here are some reasons to use Ethereum Code for trading:

Trade faster

Ethereum Code can set and execute orders within a fraction of a second. It can spot trends and patterns that may elude the human eye and process more price data in a few seconds than a human could if given a week. A trading bot grants speed that is impossible for humans to achieve on their own.

Trade without emotion

Ethereum Code will execute a set strategy as laid out. The bot isn’t affected by negative sentiments, it does not have to drum up the willpower to be disciplined in a bull market nor hold on to certain pairs because it is secretly rooting for the project. Bot trading is based on maths, hard data, and strategy.

Trade 24/7

Ethereum Code runs 24/7. It does not tire or become disoriented, so you can run your strategy even while asleep. And because crypto markets are always open, you have more opportunities to make a profit.

Manage risk

You can implement strict risk management policies to mitigate loss while maximising profit. And because you can test a strategy’s success rate with a demo account, you can calculate in advance your profit before trading.

Diversify your portfolio from Bitcoin

Ethereum Code provides an opportunity to trade cryptos aside from Bitcoin as the bot is uniquely programmed to understand Ethereum’s price movements and make profitable trades.

Security

Ethereum Code uses industry-standard SSL encryption to safeguard user data. It also stores client funds with third-party brokers so funds are safe even in the case of a breach. There have not been any documented cases of a breach.

Best Way to Trade With Ethereum Code

If you're new to Ethereum Code, the best way to start trading is with a demo account. Demo accounts allow you to familiarise yourself with the UI in a risk-free environment and test your investment and trading strategies without having to put real money on the line.


As a new Ethereum trader, you may want to rely on the automated mode instead of going for the manual mode. The auto mode only requires you to provide your trading preferences and define certain limits. Don’t forget to specify your stop loss and take profit limits that will allow you to manage your risk.

Has Ethereum Code Ever Appeared On TV?

Due to the immense popularity and sudden fame of the Ethereum Code platform, the trading bot became subject to a number of internet rumours. We fact-checked the rumours to find out whether there is any truth to them or not. Here is what we found.

Dragons Den

With guests like Debora Meaden, James Caan, and Peter Jones, Dragons Den is a popular venture investment show across the globe. And while the show has hosted many innovators and technology startup founders, Ethereum Code never featured on the show.

Shark Tank

Similar claims were made online that the algorithm was pitched on Shark Tank, a US version of Dragons’ Den. We didn't find any episode that features the algorithm.

Has Ethereum Code Ever Been Endorsed by a Celebrity?

Rumours floated on the internet that the trading bot is endorsed by major celebrities known to back technology startups, especially cryptocurrency projects. Once again, we got to work to find out whether these claims hold any truth.

Kate Garraway

Our findings show that Kate Garraway has neither lent any strategic nor financial support to the leading trading system.

Richard Branson

The Virgin Group founder and global entrepreneur has always been a major supporter of cryptocurrencies like Bitcoin. However, no evidence shows that he is backing the Ethereum Code app.

Elon Musk

The richest man in the world and founder of forward-thinking startups like Tesla and SpaceX was said to be backing Ethereum Code. Once again, our assessment reveals that while he is a big fan of decentralised projects, Elon Musk did not officially endorse Ethereum Code.

Mark Cuban

The dot com billionaire and one of the most highly regarded investors on Shark Tank, Mark Cuban, was also rumoured to have invested in Ethereum Code. However, our thorough assessment of the show as well as Mark Cuban’s social media profiles shows no evidence that backed or endorsed the trading bot.

Peter Jones

Peter Jones is a British tech billionaire and reality TV personality through his role as a panellist on the British business show Dragon’s Den. He has interests in mobile phones, television media, and real estate. While he has been involved with tech, our research shows that he has not endorsed Ethereum Code.

Bill Gates

The popular tech billionaire is known to disapprove of crypto, claiming it is based on “greater fool’s theory”. He has not thrown his support behind any crypto project in the past, including Ethereum Code.

Tips for Using Ethereum Code Safely and Managing Risk

If you are looking to manage your risk in an effective manner, the following tips can help you out a great deal.

Start Small

Many new investors make the mistake of putting all of their money into a single trade which is very risky. The first rule of trading is never to use more than you can afford to lose. This way, if a trade doesn't work out in your favour, it will not compromise your financial situation. 

Save Profits

While it is a very tempting option to put all of your profits back into trades when you are on a roll, it's hardly a smart trading strategy. When you are trading through the Ethereum Code app, it is recommended that you make a habit of saving a certain percentage of your profits. For instance, you can set aside 50% of your profit to ensure you don't lose all of your money if the next trade isn't favourable.

Follow Expert Advice

If you want to become serious about Bitcoin trading, you need to keep up with news and developments in the space. Subscribe to major crypto blogs and read what credible and trustworthy analysts and cryptocurrency gurus predict. Consider this information when developing personalised investment strategies and you’ll have a higher chance of success.

Keep a Record for Tax Purposes

One of the smart things to do for all traders and investors is to keep a record of their trades including the amount of capital investment as well as profits earned for tax purposes. This will enable you to know how much money you have made using Ethereum Code, allowing you to calculate the tax you owe to the government. Remember that different countries have different crypto tax laws.

Learn About Cryptocurrency

Take the time to learn more about the crypto market. Major events like token unlocks or new centralised exchange listings could significantly affect the price of cryptos. Learning more about crypto puts you in a better position to make profitable decisions. You can incorporate your knowledge into your crypto strategy to increase your profit potential.

Consult your account broker

Ensure you are aware of the intricacies of using Ethereum Code’s broker partner. Get familiar with their interface and the best ways to manage your funds with them.

How to Use Ethereum Code - Step-by-Step Guide

To begin using Ethereum Code:


1. Register for an account on Ethereum Code

You’ll need your full name, email address, and phone number to create an Ethereum Code account. You will be sent a verification email with a link to confirm your account. After confirmation, pass KYC by submitting a valid ID and a utility bill.

2. Sign up with a broker

Next, register with a broker partner. Their sign-up process is similar to the steps outlined above. You may be required to provide extra information depending on the broker.

3. Develop a trading strategy

This is where you can try new strategies, use already existing ones, or develop your custom strategy. Ethereum Code provides educational material so users with no trading experience can begin using the bot.

4. Practice using the demo account

Ensure your strategy works as intended by first testing it in the demo account. The account provides real market data, so success in the demo mode is more likely to equal success in the live mode. However, this is not guaranteed.

5. Make a deposit

The minimum you can deposit is $250. All deposits go to the broker you signed up with in step 2 so ensure the broker’s deposit methods and limits are suitable.

6. Set up automatic trading

Setting up automatic trading involves entering values for the key parameters in your strategy. The major parameters you need to know are the entry point, exit point (also called take profit), and a stop loss.


The entry point is the price you open trades, the exit point is the price you close trades when in profit, and the stop loss is the price you close trades when in a loss.


The stop-loss is a risk management policy determined by the amount of money you are willing to risk for every trade. A rule of thumb is to never risk more than 3% of your total account capital on a single trade. You should place your stop loss at a price where the loss will be less than 3% of the total value of your trading account. 

Review Methodology

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 Ethereum Code review.

Ethereum Code Review - Final Thoughts

Ethereum Code is a trading bot that helps users automatically to trade Ethereum and other cryptos. The software is powered by an artificially intelligent algorithm that analyses price data to find recurring patterns and execute winning trades when these patterns are repeated.


With a user-friendly interface, free trading system, a demo mode, and quick withdrawals, Ethereum Code offers a compelling trading solution for both beginner and experienced traders. However, before you start trading, ensure that you are only investing what you can afford to lose and minimising your financial risk.


Nevertheless, before jumping in, ensure you are comfortable with their processes and limits. For example, the minimum you can deposit is $250.


To open an account, sign up on their registration page and verify your account. Decide on a strategy, deposit your funds, and watch the bot make you money. For more details on how to get started with Ethereum Code, read our how to use Ethereum Code section.


Alternatively, if you’d rather rely on other reputable trading bots, you can choose from other options. Some of the other robots reviewed by us in the past include Bitcoin Era, Bitcoin Profit and Bitcoin Evolution.

Frequently Asked Questions

Will I need to learn about trading to invest with Ethereum Code?

While being informed about the trading and cryptocurrency market isn't mandatory, it can help you make informed trading decisions. That being said, a new trader can also rely on the automated mode to invest in cryptocurrencies.

How much money can I earn in a single day using Ethereum Code?

Profitability depends on the amount of capital deployed and the trader's experience level.

How much time do I need to invest?

Ethereum Code isn’t demanding when it comes to requiring your attention. All you need to do is set your preferences and let the bot do its work. You'll need to check in periodically to ensure the bot is working properly.

Is there an Ethereum Code app?

Unfortunately, there is no native Ethereum Code app. It is still a browser-based platform.

Can I make money with Ethereum Code?

Yes. You can make money with Ethereum Code as the platform provides the necessary software and learning materials to ensure you deploy sound strategies.



Can my Ethereum Code account get hacked?

That is highly unlikely. Ethereum Code reportedly implements advanced security measures like SSL encryption to ensure that all the communication between you and the bot is encrypted.

Disclaimer: All testimonial photos are stock imagery and do not represent the people behind the feedback.