Whether you are an elite trader or just a newbie, chances are you must have come across Bitcoin robots.
Many of them make bold claims like making tens of thousands a day, no prior experience required etc, exactly like what we see on Bitcoin Code landing page.
Is Bitcoin Code a legit Bitcoin trading platform? Can you really make more than $13k a day with it?
If that is the question on your mind, you have come to the right place.
For those of you who have been following my website, you’ll know that I always go deep below the surface to find out what a product/system truly is, before making my recommendation.
Honest, unbiased reviews – that is what you will find here.
And if you’d like to see an alternative, honest, and legitimate platform to start earning money online, then please click here.
Bitcoin Code Summary
Product Name: Bitcoin Code
Product Type: Trading robot
Best For: No one
Summary: Bitcoin Code is trading bot that helps you runs your trades on autopilot. It is associated with unregulated, unlicensed offshore brokers that are potentially involved in fraudulent activities.
Overall Ranking: 1/10
What Is Bitcoin Code
Bitcoin Code claims to be a cryptocurrency trading robot developed by former software developer turned investor Steve McKay.
According to Steve McKay, you can earn almost $13,000 a day with this software. All you need to do is follow the 3 simple steps below, and there you go start making money doing online trading.
You only need to work an average of 20 minutes a day or less. Because the software handles the trading, the amount of “work” required is minimal.
That’s not all, according to Bitcoin Code, members typically profit a minimum of $13,000 daily, with some members earned $100k within just 47 days.
There are a lot of bold claims there, but what Bitcoin Code doesn’t provide you with on their website is the information on who regulates them. There are risks associated with engaging an unregulated broker, keep on reading because I am going to show you exactly what I meant by that in the coming section.
Who’s Steve McKay?
We were told that Steve McKay is a former software developer who turned into an investor and eventually became a millionnaire. Allegedly, he has earned over $18,484,931.77 in profits within a 6 months period and had been featured in Forbes.
However, I have found out that Steve is just a fictitious character created by Bitcoin Code. It is done in order to generate a false sense of legitimacy. I have the proof and I am going to show it to you in a short while.
How Does Bitcoin Code Works
Signing up with Bitcoin Code is easy – simply complete a form with your name, email address, password and your phone number. Once you have created an account with Bitcoin Code, you will be transferred to your broker’s payment page, where you are to deposit a minimum of $250 to get started.
After signing up with the broker, you can then expect to get a phone call from a high-pressure salesman, who will try and convince you to invest more money with them (of course, please don’t do that).
Your trading activity will be done on the Bitcoin Code Trading Room. The system works with the major cryptocurrencies in the industry like Bitcoin, Ethereum etc. You can choose to either enter a trade manually or have it run fully autopilot:
Bitcoin Code Ugly Truth Revealed
1. Fake Endorsement Via Dragon’s Den
Bitcoin Code is being promoted via fake news advertisements in relation to one of Dragon’s Den cast members. For your information, Dragons’ Den is a reality show in which entrepreneurs pitch their business ideas to a panel of investors in the hope of securing financial investment from them.
Here’s the advertisement that’s been making the rounds:
Obviously, this is just a piece of fake news. Peter Jones, one of the Dragon’s Den’s investors, has made the following tweet clarifying that he is now pursuing legal action against Bitcoin Code.
2. Fake Testimonial
After some digging, I found that the testimonials in the sales video were nothing more than lies concocted by the creators.
Their so-called users are only paid actors hired from Fiverr, who record themselves reading off scripts.
You may have also stumbled upon many positive reviews from the internet, but they are all just unethical affiliate marketers who are willing to say anything in order to get their commission when you sign up with Bitcoin Code.
3. Unregulated Broker
OptionStars Global is a broker associated with Bitcoin Code, I did some research as to what financial institutions were regulating this trading platform, only to find out that there weren’t any.
It has such a bad reputation that many people reported getting scammed by the company:
4. No Code At All
This brings us to another question, why would Bitcoin Code associates itself with shady brokers?
This just goes to show what kind of company Bitcoin Code is – their real interest lies in making money for themselves, not you!
Think about it! It is hard for unregulated brokers to get anyone to invest money with them. Now with companies like Bitcoin Code, they get to turn the situation around. Bitcoin Code entices people to get in by promising them a sizeable return on investment, and the ability to have the trades run on autopilot. Such a claim is why many newbies get onboard without doing any research about the brokers they got assigned to.
Let’s face it! Bitcoin Code has no interest to make you rich. The way they make money is by referring people to those shady brokers. They are not getting a cut from your winning, but a cut from the money you have put in with the unregulated brokers!
Is Bitcoin Code A Scam?
Bitcoin Code itself is just an automated trading software application. Ultimately, the one handling your money is the broker which Bitcoin Code assigns you to. As I have shown you earlier, Bitcoin Code is working with unregulated, unlicensed offshore brokers, which is bad news for anyone who signs up with them.
No matter how good a trading robot claims to be, there’s no way around the fact that trading is a high-risk activity. You have to realise that, every time you trade, you’re risking a capital loss – it’s entirely possible to put in S$1,000 and walk away with nothing. Therefore, it is important that you should never risk your entire savings or retirement fund in copy trading; only use money that you can afford to lose.
You may be wondering how do I know so much of this? That is because I am a trader myself. I have spent years trading Forex.
If you decided that high-risk trading isn’t for you, keep on reading, because I have good news for you.
A Better Way To Make Money Online
Making money online doesn’t always involve high risk or big upfront investment.
It is possible to make money online, earn passive income, and work anywhere and anytime you want. But like anything worthwhile, it doesn’t happen at the push of a button. Success is the result of learning a proven process and working hard to build your business.
Look at these people, they are not some extraordinary genius, they are people just like you and me.
And one thing they have in common?
They invest their time and energy on one proven system, which is what I am going to show you.
It is a total package of knowledge, training, and strategies that will guide you from a complete newbie to an extraordinary marketer.
Not only that, I can also be your personal coach if you sign up through my link. I will personally guide you and assist you if you need any help on your venture.
p/s : free membership tier available, no credit card info will be asked
What do you think about Bitcoin Code? Share with me your thoughts at the comment section below!