Highlights
Pros&Cons
Pros
- None, this bot is a scam!
Cons
- Creation of an international criminal group
- No algorithm
- Unethical marketing strategy
- No safety protocols
- Countless evidence of money and data theft
- No licenses
Key takeways
- It is a copy-and-paste scam using the same deception techniques as dozens of other fraudulent crypto bots.
- Bitcoin Code does not have any genuine licenses and does not use any cybersecurity protocols.
- There are over 20 cloned websites for Bitcoin Code.
- The International Securities Commission Organization (ISCO) has issued a public warning regarding various Bitcoin Code platforms.
Overview
Table of Contents
Bitcoin Code Full Review: What Is It and Why Never Use It
In this Bitcoin Code review, we will deconstruct the myth the con artists built around the so-called crypto bot. We will analyse their lies, and explain why users should avoid the Bitcoin Code platform.
The creation of Bitcoin in 2009 was a big bang for the contemporary crypto industry. There are thousands of cryptocurrencies today, and their number keeps growing. They are making new communities, changing the financial systems, and making a lot of people rich.
Hearing the stories about people who made thousands or even millions of dollars from Bitcoin without doing much, many people become interested. Trading bots for crypto are especially attractive to them because bots are able to automate trading and work without human interference.
Unfortunately, crypto trading robots are the waters where the industry’s pirates often cruise as well. These criminals know that people would like to become rich without investing much money or time to learn about crypto.
So, the criminals make fake platforms, promising the Moon to attract unsuspecting people. Those who fall for their lies, end up robbed and disturbed by the international criminals.
Bitcoin Code is one of the scamming crypto bots, and we will now provide evidence for such a statement. But, first, let’s take a look at some of the features and give an overall assessment.
What Is Bitcoin Code Trading Bot and Why Was It Blacklisted?
There is a big difference between what Bitcoin Code really is and what it claims to be. Before we start exposing the truth, let’s first see what they’ve got to say.
Allegedly, Bitcoin Code is a platform whose algorithm can automate the process of trading with cryptocurrencies. The algorithm is reportedly AI-based. Also, the platform is easy to use and beginner-friendly.
Apart from the algorithm, the platform connects users with “licensed” brokers from around the world. These people provide knowledge and expertise that additionally increases the chances of profit for Bitcoin Code’s users.
Some of the fake reviews that praise Bitcoin Code even mention the possibility of customization and backtesting. However, we don’t get much more than a vague mention.
There is nothing unique about Bitcoin Code. It is a copy-paste fraud, using the same deception techniques as dozens of other scammy crypto bots.
Bitcoin Code has more than 20 cloned websites. They all share similar domains and almost the same amateur web design. Here are several scam crypto bots we have been warning about:
The Story of Steve McKay
Finally, there is the controversy of the developing team behind Bitcoin Code. In the “About us” section on one of the Bitcoin Code websites, we don’t find any names. On the contrary, we are reading about “a team of experts” with years of experience on Wall Street and in the Silicone Valley.
But, one of the affiliate reviews tells a story of certain Steve McKay. He is presented as the founding father of the platform. Steve McKay is a genuine person, and his LinkedIn profile shows that he has been a successful business developer for several decades.
However, in the list of his achievements, there is no mention of the Bitcoin Code crypto bot.
Besides, there is evidence that the scammers used free stock images and fake videos of people presenting as this businessman. So, McKay isn’t fictional, but he obviously has nothing to do with this platform.
Bitcoin Code Web Platform Review
The app is absolutely free to use. Moreover, it is available only for desktop devices. There is no mention of available features, other than the Live Trading and Stop Loss option.
The app has a demo mode.
According to some of the reviews, the Bitcoin Code “algorithm” has a profit close rate of over 85%. In reality, PCR usually ranges between 55% and 70%. Every person experienced in the crypto trade knows that. Thus, Bitcoin Code’s 85% is a clear overestimation and a lie.
The minimum deposit a user needs to make to use Bitcoin Code is €250. The withdrawals are promised within 24 hours. However, we don’t know which payment service providers are supported.
The bot “trades” with Litecoin (LTE), Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP).
As is usually the case with scammy crypto bots, there are dozens of friendly affiliate “reviews”, but a lot of important information is missing. For instance, there is nothing about how exactly withdrawals are processed. Also, there are no educational materials and tutorials.
Security: Does Bitcoin Code Have Licences and Safety Protocols?
Out of all cyber security measures contemporary crypto platforms use, Bitcoin Code talks about the SSL certificate. It is true that this type of encryption protects third parties from accessing the user data on the platform. However, it does not protect users from the website itself. And that is where the greatest peril lies in this case.
Allegedly, the brokers working for Bitcoin Code have CySEC licenses. There is no proof this is true. Besides, why would licensed brokers work free of charge? How would the platform – which reportedly doesn’t charge any service fees either – pay for their services? The context of nonsense tells us that all this information is a lie.
Scam Evidence: A Long List of Bitcoin Code Mischiefs
Now, let’s inspect the long history of Bitcoin Code’s fraudulent activities.
Another Example of the Classic Scam Strategy: Fake News and Celebrity Endorsements
The many Bitcoin Code websites and affiliate reviews claim that a number of celebrities, businessmen, sportsmen, pop stars, etc. support their work.
One of the most iconic shams performed by Bitcoin Code was about sir Richard Branson, the famous British billionaire. The scammers somehow made it look like CNN published a piece of news, saying that Branson invested £135 million in a “new tech start-up”. By all means, it is easy to guess that the mysterious “tech start-up” was Bitcoin Code.
Furthermore, another easy guess is that this never happened. In an interview in 2018, Branson said that he had nothing to do with these crypto platforms. Also, he called their creators to stop damaging his and the crypto industry’s reputation
Except for Branson, people whose names were misused for the promotion of this scammy crypto robot are Elon Musk, Greta Turnberg, Keanu Reeves, Dragon’s Den, Novak Djokovic, and more.
Fake Affiliate Reviews
If a person types “bitcoin code review” on Google, the first results that come up are positive reviews. All these posts claim that Bitcoin Code is a legit app, telling the old same story of how accurate, fast, and money-making the algorithm is.
However, upon a closer look, it becomes obvious that the reviews are fake and why they are actually there.
To start with, a lot of these reviews are written in strange English and in a sneaky urging-to-buy tone. Besides, a lot of sentences don’t make much sense, like in the following example.
They were able to confirm that Elon Musk owns “a certain amount” of Bitcoin? Isn’t that something we all know? Besides, how useful this information is for people trying to figure out if Bitcoin Code is a legit trading app? Simply, it isn’t meant to be useful. It is an example of a bad and rogue marketing strategy.
The entire section of this affiliate review is filled with tirades about celebrities that “may have something” to do with Bitcoin Code, but actually they don’t. Confusing it is.
In reality, all these reviews aren’t there to give traders reliable information. Rather, their focus is to make money. When readers click the “Open Your Account Now” links, the rogue marketers earn a commission from the criminal organization behind Bitcoin Code. The same one, as behind these trading bots:
Bitcoin Code: One of the Most Widespread Scams
What is unique about the Bitcoin Code platform is that they are dangerous, but very diligent con artists. While most scammy crypto bots usually target English-speaking countries, Bitcoin Code attacks even the smallest markets, such as Serbia, Kenya, and South Africa.
And since Bitcoin Code is one of the most widespread crypto bot scams in the world, it is already on the radar of some international legal authorities.
For instance, the International Organisation of Securities Commission’s (ISCO) issued a public warning about various Bitcoin Code platforms. According to ISCO and Danish FSA databases, Bitcoin Code was caught redhanded in Italy in 2019. And then again, a public warning was issued against the same platform in April 2021, this time in Spain.
More Lies…
One of Bitcoin Code’s websites displays a person named Anton Kovačić, purportedly a finance graduate working for the platform. To prove the legitimacy of this person, there is a link to his Facebook profile.
As expected, the profile is fake. How do we know? A picture from this profile actually belongs to Ukrainian pop star Volodymyr Ostapchuk.
Traders’ feedback on using Bitcoin Code
In theory, Bitcoin Code promises highly responsive customer support available via phone, email, and live chat.
The reality is somewhat different, however. Trustpilot displays a warning that Bitcoin Code’s page has a number of fake reviews. Luckily, they haven’t succeeded to muzzle the voices of those who have been tricked by these swindlers.
The one-star reviews tell the truth about Bitcoin Code. There are dozens of testimonials of:
- people losing their money,
- receiving hundreds of obnoxious phone calls from international numbers,
- even getting creepy and threatening “voicemails with breathing”, as one user put it
- the unresponsive contact email
- email spam
Similar Trustpilot reviews have several scam crypto bots we have already reviewed:
FAQ on Bitcoin Code
It is a platform presenting itself as a crypto trading bot. In reality, it is a scamming website, used to extract money from users and sell personal data to third parties.
No. On the contrary, Bitcoin Code doesn’t have any genuine licenses and doesn’t employ any cybersecurity protocols. Your personal data and resources are at risk while using this platform.
No. On the contrary, you will most probably lose everything you deposit on the platform.
Bitcoin Code has no algorithm. It is a fake crypto trading bot.
Our Verdict: Is Bitcoin Code Legit? It Is a SCAM!
Trustpilot and a number of European financial authorities issue clear warnings against this platform. There are no security protocols or licenses to keep users and their data safe.
Furthermore, almost everyone who makes an account on Bitcoin Code can expect a wave of disturbing phone calls. Anonymous people will ask them to invest more, ask inappropriate questions, and engage in rude conversation.
For all these reasons, we conclude that Bitcoin Code is a SCAM. Creating a profile or depositing money on this platform exposes users to a very high risk of losing their resources. This extensive Bitcoin Code review clearly shows that the platform can’t be trusted.
Reviews
I had high hopes for Bitcoin Code, but it quickly became evident that it was nothing more than a scam. I lost a significant amount of money and would not recommend it to anyone. Stay away from this one.
They lured me in with grandiose claims of huge returns, but in reality, their algorithms were poorly designed and unreliable. I constantly suffered losses and would advise others to stay away from this scam.
I fell for the Bitcoin Code fraud, and it ended up being a costly mistake. The customer service was non-existent, and my withdrawals were never processed. What a rip-off.
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