Ripple Code Review 2024 - Is it Legit or a Scam?

Who Created Ripple Code?

Ripple Code is reportedly the creation of a well-known ex-software developer going by the name of Steve McKay. He’s also said to be responsible for creating a similar trading bot for Bitcoin, known as Bitcoin Code.

Steve apparently had plenty of interest in computer programming and started coding from a young age, a passion that later drove him to earn a degree in computer science.

As Bitcoin grew in popularity, Steve recognised the immense profit potential it held, especially owing to its price volatility. That’s what drove him to create trading bots.

An experimental attempt at developing such a bot allegedly proved highly successful, and then it was only a matter of him using his entrepreneurial acumen to make it mainstream, and follow it up with more successful bots like Ripple Code.

Key Features of Ripple Code

Payouts

Ripple Code claims it can help you make thousands of dollars per day in a completely automated manner. However, it’s difficult to verify such claims and these figures appear to be so large as to be unachievable.

Nonetheless, we found many positive reviews online that seemed to back this statement. According to its website, even the most inexperienced crypto traders can profit from the bot’s regular usage.

Verification System

Ripple Code has a very simple registration process, wherein you’re asked to provide only your first name, last name, email address and a valid phone number to create an account.

However, once the account is created, you may have to complete a verification process on the brokerage platform that you’re connected with. This verification usually requires upload of a government-issued photo ID and a proof of address, and can be completed quickly if you have the documents handy.

Withdrawal Process

Most of the Ripple Code reviews on third party websites claimed that Ripple Code ensures easy withdrawal of funds, with a wide variety of payment methods, including the most popular ones such as debit card, credit card, bank transfer, PayPal, and well-known e-wallets like Neteller, Skrill, etc. You can make withdrawals once every 24 hours.

Costs and Fees

A major plus with Ripple Code is that there’s no charge levied on XRP traders for its usage. There aren’t any hidden fees either. All the funds you deposit and the profit you make remains entirely yours. However, please bear in mind that a commission of up to 2% may be charged, which is split with the underlying brokers.

User Testimonials 

Ripple Code’s makers state that they’ve been in business since 2016 and already have a super successful product, Bitcoin Code, in their portfolio. Keeping in mind that the developers have been around for well over half a decade in an industry that witnessed a couple of major bull markets, the majority of reviews for their products, including Ripple Code, have so far been positive.

Customer Service

The Ripple Code trading bot’s efficacy is further boosted by a seasoned and professionally managed customer service team that helps XRP traders every step of the way in using the software. As per third-party reviewers, the customer care is always available to address any concerns or answer any queries. Additionally, they can be reached out to at any hour of the day or night.

Affiliated Brokers

As Ripple Code doesn’t execute any XRP trades directly, it employs a network of reputable brokerage platforms for this purpose. Hence, the software runs atop these brokerage portals and all trades are made through them. These brokers are supposedly regulated by the leading authorities in Australia, USA, South Africa, and the UK.

Is Ripple Code Legitimate?

While Ripple Code makes a lot of promises, many of which sound too good to be true, the online reviews and testimonials suggest that it has a proven track record of delivering results.

It is reportedly backed by an efficient customer service team, which bolsters its reputation. Many third-party sources also attest that there may have been people who earned good returns by strategically using the bot.

5 Reasons to Use Ripple Code for Trading

Automated XRP Trading

Even amateur XRP investors can allegedly start earning good returns by effectively using the automated trading mode of Ripple Code.

Regulated Brokers

Trading through Ripple Code ensures that you get to work with only well-regulated and reliable Ripple trading platforms, which can otherwise be difficult to discover manually.

Higher Profit Potential

Ripple Code presents itself as a trading bot that can offer a considerably higher ROI than other bots available in the market, and much more than one might get from manual trades.

Intuitive UI

The trading bot has an easy-to-understand and intuitive user interface, making it effective even for non-tech-savvy traders.

Free

The software offers several insights and analytics that can be very difficult to get your hands on manually. More importantly it offers all this without charging any licence fee.

What’s the Best Way to Use Ripple Code?

The ideal way to use Ripple Code is to first get comfortable with its Demo mode. This feature can help you learn about its workings and UI without putting any funds at risk. You can also test-run some strategies you may have learnt from experts.

New XRP traders are encouraged to go with the automated trading mode, wherein you can set your trading criteria and preferences. All operational tasks, for instance technical analysis and timely execution of trades, will be done automatically by the bot.

No matter what choice you make, don’t forget to set Take Profit and Stop Loss levels, which can be crucial for risk management.

Has Ripple Code Ever Appeared on TV?

Dragons’ Den

Even though Dragons’ Den may have featured bots in the past, those were quite different from Ripple Code. As per our research, neither Ripple Code nor Steve McKay have ever appeared on the popular TV show, nor have they been approached by the show’s creators.

Shark Tank

We saw similar claims made about Ripple Code’s appearance on Shark Tank, Dragons’ Den’s equivalent in the United States. However, in this case too, we found no evidence of either Ripple Code or Steve McKay featuring on the show. We dug up all episodes of Shark Tank but found no mention of the XRP bot anywhere.

Has Ripple Code Ever Been Endorsed by a Celebrity?

Peter Jones

An immensely popular tech guru, Peter Jones has funded a good number of businesses in the past. Some online rumours linked him to Steve McKay as well, but we found nothing tangible that could substantiate those claims.

Elon Musk

Although well-known entrepreneur, crypto enthusiast, and founder of SpaceX and Tesla Elon Musk has substantial investments in the crypto industry, we found no evidence of him having any connection with Steve McKay or Ripple Code whatsoever.

Bill Gates

While Bill Gates, the founder of computer software giant Microsoft, has often come out in support of crypto and Bitcoin in particular, there’s no proof that he ever mentioned or invested in Ripple Code.

Warren Buffet

Though Warren Buffet considers cryptocurrencies to be an excellent medium for value transfer, he doesn’t believe that they’re worth investing in. We couldn’t find anything offline or online that could potentially establish any connection between him and Ripple Code.

5 Ways You Can Maximise Success with Ripple Code

Even though Ripple Code claims to have a tried-and-tested algorithm, there are no guarantees of 100% success in crypto trading. Hence, you need to take all possible measures to secure your profits and minimise your losses. Below are a few good pointers that can keep you safer.

Start Small

It’s never a good idea to go all-in right from the word go. You should familiarise yourself with the software’s workings and market dynamics first. Always start small, learn the ropes, make some profits, and only then think about scaling up your investments. Following this strategy will lead to organic growth, without any major financial risk.

Save Some Profits

Even if you avoid making large investments in the beginning, it may be very difficult to hold back the temptation once the profits start rolling in.

You might want to reinvest every penny and make it count, but it’s important to make rational decisions at such times, and have a long-term perspective. Hence, make sure that you save a good percentage of your profits and leave some to boost your working capital.

Follow the Advice of Experts

There are many professional crypto traders in the market who have years of experience under their belts. It’s common for some of them to offer valuable trading advice on multiple social media and other platforms.

Any moment you feel unsure about a strategy, you can refer to the advice offered by these experts. Consistently doing so can not only help you find your feet in this industry, but can also go a long way to helping you master risk management, something that’s very crucial for any form of trading activity.

Keep a Record for Tax Purposes

Many people make the big mistake of not keeping proper records of their trading activity, and often get into all kinds of trouble later in their crypto trading journey. Maintaining records of all your buying and selling activity can give you access to factual data any time it’s needed. It can also be instrumental for tax purposes, as you’ll always be aware of your capital gains and your eventual tax obligation arising from them.

Only Invest What You Can Afford to Lose

It’s a common practice among novice Ripple traders to go above and beyond their means as soon as they start seeing the profits flow. Please bear in mind, there’s no guarantee that Ripple Code will continue yielding the same results in the future too. Therefore, you should always invest only the sums that you can afford to lose.

Our Conclusion: Ripple Code

According to testimonials and reviews submitted by its users, Ripple Code is a highly effective XRP trading bot, with a host of useful features, including zero fees, easy sign-up, automated trading, quick verification, and an intuitive UI. They seem to believe that the software is an exceptional XRP trading bot that can be depended upon to trade XRP on one’s behalf.

Having stated all the above, please remember that there are no guarantees. The crypto market is highly volatile in nature, and, while crypto trading can be extremely profitable, there are chances of suffering huge losses too. So, exercise caution and never put all your eggs in one basket. You can also consider using other popular trading bots like Bitcoin Up, Bitcoin Loophole, and Bitcoin System.