BitiCodes Review – Scam or Legit?

The BitiCodes trading bot’s tagline is ‘the crypto industry’s most accurate auto-trading software’ – is that accurate and verified though?

In this BitiCodes review we analyze the claims made by the BitiCodes website and whether it’s a scam or a legitimate, trustworthy ‘robo advisor’, aka automated trading platform.

BitiCodes Summary

The BitiCodes website provides a brief introduction to its trading platform:

Platform type Multi-asset crypto trading
Supported cryptocurrencies BTC, BCH, ETH, LTC,  more
Withdrawal time Instant
Minimum deposit $250

What is BitiCodes?

BitiCodes is an independent cryptocurrency trading robot platform, which states it can trade for the user after some simple calibration – however little third party auditing has been made available or backtesting for those yet to make a deposit, and no trial version appears to be available.

Biticodes website

Via BitiCodes website

This Bitcoin robot unlike some on the market can also trade Ethereum, Bitcoin Cash, Litecoin and more popular big cap altcoins using its proprietary algorithms. We were unable to verify those claims as an initial deposit is required before being to access the BitiCodes platform or demo trade using it.

From the messages on the BitiCodes website there appears to be a limited number of spots available or time window to sign up, however that countdown timer could simply be a marketing gimmick.

BitiCodes Pros & Cons

Pros

  • Automated trading platform for BTC and popular altcoins
  • Claimed high winrate, more than human traders
  • Instant cashouts via cryptocurrency

Cons

  • Little backtesting information
  • Requires $250 minimum deposit
  • Available for a limited time

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How Does BitiCodes Work?

According to the BitiCodes site, its automated trading platform is able to make advanced trading decisions to produce a sustainable profit similar to a professional day trading.

No video tutorial or close-up screenshots seem to be available, however a message on the BitiCodes website reads:

‘BitiCodes is an automated trading software designed to ensure the best trading experience and apply the most sophisticated trading strategies.

Orders are triggered by highly precise algorithmic trading bots to strengthen your chances of making a profitable investment or trade.

BitiCodes is a powerful, innovative, and complete auto-trading software designed to catch opportunities in the market. It works by automatically placing trades in your account so that you don’t have to.’

BitiCodes Key Features

Our BitiCodes review team wasn’t able to verify the claims above or the following which are common across social media where BitiCodes is trending:

Fast Trading

The BitiCodes platform states it works via scalping rather than higher time frame swing trading – taking advantage of price fluctuations on the LTF chart to generate profits and automatically set a stop loss and take profit order instantly when it does execute a trade.

Claimed High Success Rate

BitiCodes purports to be the most profitable form of crypto trading bot on the market although that may also be marketing language as little evidence to substantiate that is included on the basic homepage.

Demo Trading

BitiCodes offers a paper trading account to simulate real money trades. We’d recommend testing out the BitiCodes bot software using that before investing a large amount.

See our full guide to paper trading.

Instant Deposits & Withdrawals

Being a cryptocurrency trading bot, deposits and withdrawals can be made in crypto as well as fiat currency methods. For crypto deposits and cashouts, the processing times are minimal, from instant to just a few minutes depending on network congestion.

See our review of the best crypto platform to buy cryptocurrency to start trading with. That exchange also offers auto trading via copytrading.

BitiCodes Fees

Account opening fee Zero
Deposit/withdrawal fees Zero
Commission None other than an exchange’s own trading fees

Is BitiCodes a Scam?

Start with a minimum deposit and also see our reviews of other automated trading platforms if deciding to trade with BitiCodes as most bot programs are unregulated and some are scams.

Positive BitiCodes testimonials are listed on the website with more available after creating an account, however those may be paid / fake for advertising purposes.

We’ve also review some verified trading bot tools that beat the crypto bear market with positive returns during ‘crypto winter’.

BitiCodes Minimum Deposit

BitiCodes requires a minimum deposit of $250 to open a new trading account.

BitiCodes Customer Support

BitiCodes offers 24/7 email and phone support for registered users, according to its website. Since we didn’t deposit we were unable to verify those claims and others.

How to Use BitiCodes – Tutorial

Below is a step by step guide to getting started trading with BitiCodes:

Step 1: Sign Up

Visit the BitiCodes website and fill in the sign up form available on screen. Adjust the mobile number country code depending on your jurisdiction.

BitiCodes

Step 2: Deposit Funds

BitiCodes users need to commit to a $250 minimum deposit to begin trading. Accounts can be funded using crypto, or via credit / debit card or bank transfer.

Step 3: Demo Trade

Make use of the demo trading version of the BitiCodes site to paper trade first for practice, before making a larger real money deposit.

Step 4: Trade

Choose a supported market – Bitcoin/USDT, BCH/BTC, etc. – using the instructions sent via email or available via the support staff. The BitiCodes robot can allegedly be set to an automated mode to scan the market itself 24/7 with little calibration required.

The Verdict

BitiCodes is trending online in 2022 and its claims of a higher winrate than any human traders are tempting. However no exact details of past performance records are given so proceed carefully.

For some alternatives to BitiCodes see our reviews of algorithmic trading platform – those have a more long-term positive reputation in the industry especially our #1 pick which is a licensed exchange that offers automated copytrading of professionals with a proven track record of beating the market with a high winrate.

BitiCodes

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

FAQs

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