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Ripple Code Review 2021 - Is It Worth It?

While the crypto market’s volatility is considered by some to be its downside, it has unarguably also opened up many profitable opportunities for short-term traders. Many platforms now allow speculative trading for cryptocurrencies such as XRP; social trading and CFDs being the most well-known forms.

Trading bots aim to help users predict price movements with greater accuracy. Ripple Code claims to be one such efficient trading bot that makes trading and profiting from Ripple extremely easy for traders. Let’s take a good look at it and verify its claims. 

What is Ripple Code?

Ripple Code is a trading software that claims to offer an affordable, reliable, and user-friendly automated trading solution for XRP traders. It is reportedly equipped with an advanced AI algorithm that uses indicators to spot and execute profitable Ripple trading opportunities. While it offers a manual trading mode, Ripple Code’s automated mode is the main attraction.

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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.

Start Trading in 3 easy steps

1. Open a Free Account

Opening an account with Ripple Code is extremely easy and straightforward. All you need to do is provide some standard personal details such as your first name, last name, email address, and a valid contact number. After that, you will be redirected to the most suitable broker depending upon your geographic location, with an account already created on your behalf.

2. Make a Deposit

To get started with the Ripple Code trading bot, you’ll need to make a minimum initial deposit of $250. This will be your initial working capital and should be deposited into your newly created trading account with the crypto broker. Deposits can be made using a wide range of payment methods, including PayPal, credit card, bank transfer, e-wallet, and a debit card.

3. Start Trading

Once the deposited funds show up as available for trading, you may set your trading criteria and preferences, followed by setting the automated trading option as “On”. Now, Ripple Code’s AI algorithm will get to work and start seeking the most profitable XRP trading opportunities for you. Please ensure that you check in on the bot every now and then, to see its performance.

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Pros & Cons of Ripple Code?

Pros

Quick set-up: The software doesn’t take more than a few minutes to get you registered and verified.
Easy transfer of funds: Most users have reported hassle-free and quick deposits and withdrawals.
Choice of trading modes: Ripple Code offers both manual as well as automated modes for XRP trading.
Accuracy: It reportedly has a far better success rate than the other Ripple trading bots available on the market.
Customer Service: It comes with highly efficient technical support and customer care that can be accessed round the clock.

Cons

Minimum deposit: You require at least $250 working capital to get started with Ripple Code.
No choice of brokers: It is mandatory to register with and use only the broker that’s referred by the software.

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.

Well-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 of Cost

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 PrimeBit Profit, QProfit, and Bitcoin Madrid.

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Frequently Asked Questions

  1. The registration itself doesn’t take more than a few minutes. If you keep your Photo ID and proof of address handy, the verification process on the broker platform can also be completed quickly. Hence, you can possibly get started on the same day you sign up.

  2. Please note, there is no licence fee associated with the software. However, you may have to pay a commission of up to 2% on your trades, which is split with the underlying broker.

  3. Yes. According to many testimonials seen on the internet, you can effectively use Ripple Code despite not having any prior crypto trading experience.

  4. No. Ripple Code selects the best broker for your needs, based on your geographic location.

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

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